Evidence of Tidal Change to Responsible Money Management After reading the press release this morning, it is clear that without making these changes to the design, DoubleTake may not have made it to market. At the AGM last August, John Daugela stated they spent over 4 months on lens tolerencing of the plastic lens. It is over a year later, and now that there is a professional third party project management firm stepping in, we have seen they spent the last several months putting in the fix: a best in class lens which can actually be manufactured in scale.
This is evidence of a major change of strategic leadership focused on commercialization rather than experimentation. Under the leadership of the Daugelas, the company continued to spend its money on trying to make the impossible become possible (research and development), regardless of the time line and the budget. Under this new management, Nexoptic is taking what is already possible to produce a manufacturable product, under a deadline. When I first invested my money in April of 2016, they promissed to use commercially available off the shelf components to build their products. Today the evidence shows they have come out of the clouds and are back on track in their race to revenue.
IMO, this shows a clear change from irresponsible to responsible money management, and that builds shareholder trust.