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Hi James,
This should have been a great company. The idea is very good, and with the right backing (it ain't cheap), the right management, and the right legal team (you have to know the laws thoroughly wherever you are operating), it could have been great.
Sadly, there are many really great ideas that start out and run into trouble down the line. The number one problem is usually that the company runs short of funds, and the other number one problem is that the company hasn't done enough legal homework (yes - twin number ones!!)
Whatever the reasons for the way this one has gone, the company has most definitely dropped the ball, and time will tell us the who, what, why, where and when.
God bless,
Dave
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