I've always hoped there would be a bidding war between VMware and Citrix/Microsoft. But it doesn't seem VMware has shown any interest in hopTo. I thought Apple might be interested at one point but they don't have a product like Citrix, so I'm not sure they could use hopTo as Citrix/Microsoft could. Maybe Apple will someday be interested in the SMB product if it ever releases. It sounds to me like Citrix will make some sort of deal where hopTo will retain some royalty rights, Citrix will fund all the promotions and marketing expenses, provide a development budget to hopTo, and maybe obtain a right to buyout the entire hopTo for Citrix product at some future time. This way Citrix would not be forced to totally commit to hopTo before it has been adopted in the real world. Citrix may have made this suggestion at Synergy as one of the better things that happened that week.
Now the sellers are coming out. It has been a month since GrowthPoint was engaged. My guess is a merger or buyout will be announced. Clearly Barry and Robin couldn't get it done and cash needs to be preserved. Remember JL stated as an option he would go bare bones to wait out the timing problem with sales. Probably not a good time to sell shares in my opinion. Highly doubt any type of insolvency given the recent partnerships and awards and the like.
Robin has not mentioned hopTo in his tweets for about a month. Even then, the hopTo tweet was just a retweet. In fact, he has rarely mentioned hopTo in all his tweets. You would think he worked for Microsoft or Citrix based on his tweets. I have a feeling he has been trying to leave hopTo for a while if he hasn't already.
of June. Anyone think they will put out the SMB or HDX product in the next couple of days? Or, will hopTo be late again. Entering 2H 2016 without one single significant licensing of any hopTo product. Colossal failure by management.
Stafford has never shown any signs of fearing a lawsuit based on insider activity.
Some investors have had enough. They are starting to bail. If you would have told me last year around November that hopTo would not have a deal signed by late June, I would have thought you were crazy. The way management was talking last year, it seemed that some sort of large deal was imminent. But here it is late June without any deal. Moreover, management has much less confidence of an imminent deal than they have had for a long time. I think they are even stunned about how ineffective they have been in selling a product. They need to throw in the towel, admit failure, and sell the tech to someone that can make things happen. I hope that is what GrowthPoint tech has been hired to do.
The only other changes are the counterpart changes to the placebo, i.e., titrate the change in dosage rather than restrict to a certain number of weeks, and the government id number assigned to the study. The site gives you all the changes - just click through the "History of Changes" link.
The changes to the study are essentially nothing.
The number one mistake of management that I saw was that they just didn't understand the market for their product. I'm not sure how much they spent on marketing research, if any, but they did not spend enough. They launched a lot of products they couldn't sell. The consumer product was a complete bust for whatever reason. I guess the consumer just didn't need the editing power of hopTo. Apparently, they were fine with just basic editing tools that could be obtained anywhere.
The hopTo Work release didn't go anywhere cuz SMB owners do not want to go through the hassle of installing the host portion of the software. Remember, hopTo is trying to CREATE a market that doesn't yet exist. No one is clamoring for a product to mobilize legacy software. They have yet to understand the convenience and efficiency of doing so. So, hopTo needed to make a product that was as simple to install as their consumer version but still included all the features of their hopTo Work version.
In other words, the hopTo Work version scheduled to be out this month should have been hopTo's first product launched. In my opinion, they would have been in much better shape today if they had done that. Now, you could say hindsight is 20/20 but I believe management may have initially made this choice if they had spent more time and money on the marketing aspect early on.
Investors were putting in money at .30 with warrants at .40. Thus, to do right by those investors, management needs to clear at least .50 a share, which is post split at least $7.50 a share inclusive of all the extra shares due to various warrants. I'm not sure what market cap would result from that price with all the warrants exercised but that should be the minimum goal to somewhat satisfy investors.
Management may be giving up trying to close deals in time and is looking for a buyer of the company. Hard to get a good price prior to making any sales. Could be also hiring Growthpoint to advise on a Citrix deal.
It has been two weeks since Synergy and no announcement of HDX software. Why would they even think they might have it done by Synergy? Clearly ridiculous thinking.
It has been 8 months since releasing hopTo for Citrix - no deals
It has been 13 months since announcing verification as Citrix Ready - no deals
It has been 14 months since releasing hopTo Work 2.0 with MAX feature set - no deals
It has been 19 months since launching hopTo Work - no deals
Chances are very high they will not launch the new SMB version of hopTo in June as promised. They have never been on time yet. I have been waiting and waiting for an upside surprise. Nothing. I feel bad for the CFO. He is put under a lot of pressure to keep the lights on while the rest of management continues to fumble around trying to make a product they can sell. This is getting really really old.
Part of the category description reads as follows:
This category recognizes innovative and buzz-worthy products that excited judges and conference attendees.
It appears there was one other finalist, RES ONE Security Suite. So the
"show award" comment makes sense. You can see a better description of the category in which hopTo placed by going to #techtarget on twitter to click on the applicable link.
I was asking myself the very same question. First, what does "show award" mean? 3rd place in the New Tech category? Then, what are the other two things that happened? Was the tweet referencing hopTo or the overall Synergy event? Very cryptic tweet.
Well, at least that is something! Let's see if we win. Fingers crossed.
The only announcement they made was a tweet that said it was a "great event". Have no idea what was so great about it - maybe the food was good.
HopTo continues to promote hopTo for HDX, including MAX IE. I'm hoping it will be ready to ship by Synergy, which is tomorrow. More importantly, we need an announcement of a significant licensee. There is still a lot more download activity for hopTo Work. It seems we are so close. We'll see.