I agree as well. However one thing that we can't accuse management of is dropping fluff NRs on us or over promising and under delivering like some tech companies I know of. The initial investors and management seem to be doing everything they can to keep the float tight. Most other companies would be pumping any little accomplishment and then hitting the market for money.
Spy seems to be building something. Is it a monster or a mouse, time will tell. But when your company is running a deficit of just over 10 million, R&D costs increase by 40 % and marketing and sales cost increase by 10% in the last 1/4 and then someone gives you an unsecured loan for 250k to be repaid over 1 year to tie you over,well one just can't help but wonder what is going on?
J, I know that you are a believer so this response is more rhetorical than anything.
Being early in a play can feel the same as being wrong on a play. I do prefer the former and I have a feeling we won't have to wait too long.
From MD&A:
Clearly, the stakes are high, and the opportunity is immense