MD&A Comfort StatementsDevelopment Risk Substantial corporate resources are being expended on the development of the Company’s technologies. The capabilities of ALIIS™ is continuously being upgraded and is not currently commercialized. There can be no guarantee that the Technology will achieve the objectives which the Company believes are necessary for it to result in a successful offerings to the marketplace. There are significant risks, expenses, delays, and difficulties frequently encountered in establishing new technologies to industry, which is characterized by an increasing number of market entrants, intense competition, and high failure rate.
* not commercialized
* no guarantee will achieve the objectives
* significant risks......
* high failure rate.
Finally in the same report:
NexOptic’s teams continue their work with Qualcomm Technologies’ AI and camera solution experts optimizing ALIIS™ into select Qualcomm® Snapdragon™ mobile platforms. This work is expected to be completed in the current quarter.
* They obviously failed at their expectations, since it is well PAST 3rd quarter when this was released in August. And it has not been put 'INTO" select Qualcomm snapdragon mobile platforms.
These are really the reasons why NXO is falling flat.
Failure to deliver and failure to actually make a product that works.
They really should have stuck to Double Take instead of this ALIIS AI. DT was an actual product - something to break into the market and prove their value. They have no value and nothing to prove that their tech works.