Opinion on AFR article, page-3

"According to the court documents, the three investors had put in almost $300,000 to Mr Kantor's business over little more than a year for the development of a range of devices – predominantly a universal language translator and a home automation system that was similar to an electronic butler.
Mr Milgrom stated in the court documents that Mr Kantor used the bulk of the funds to pay staff costs, rather than invest in the products, and the universal translator was never good enough to be commercialised."

Same business model, just bigger scale with ASX listing. Maybe Kantor is a genius after all...