Its just the reality of working with third parties and not helped by a pandemic. Management give a guidance or a hoped for timeline but it can only be a guess as others are involved.
By nature they will always come out with the most positive outlook as many smaller shareholders can't cope with the realities and when your chasing money being negative gets you nowhere.
Being a startup basically means you spend most of your time finding money from any source you can untill a time comes when you can produce your own , or else head to the knackers yard.
In between its waiting and hoping they know what they're doing, nothing to indicate they are doing anything else than ticking the required boxes at this stage IMO.. usually best to get in at the start with an amount your happy to lose ,then stick them in the bottom drawer and get on with life ....
Cheers Whisky
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