Well RVR, I'm usually a glass half full sorta guy. In real life...

Well RVR, I'm usually a glass half full sorta guy. In real life I'm a software salesman, been in IT for more than 35 years.
As a salesman, the fundamental rule ( if you want to be successful and keep your customers happy ) is that you under promise and over deliver.

That is not happening here. I was at the annual general meeting in May 2015, and we were told that there were some issues with phase 3, but they were now fixed - had taken 8 months. Phase 4, was described as being where a working product would be able to be demonstrated. And, because some of the problems in Phase 3 had been fixed, that Phase 4 would take less time, i.e. Less than 8 months. Fred and Ian were questioned specifically on this.

So, 8 months after this announcement, we get another announcement saying " management is confident that Phase 4 is well on track to produce publicly demonstrable engineering samples within the early part of the 3rd quarter of this year"

For the uninitiated, the 3rd quarter is July, August, September. As we are still in January, looks like another 8 months, and then, who knows what will be said ? Am still holding, but am not amused, as there is nothing I can do about it. It is what it is. Could be a interesting AGM in May.