I agree that they appear to be operating on a shoestring budget. Living week to week, month to month sucks. It also makes it difficult to buy parts and pay for production. They have been selling a few products (Geek Out, a few cables and Tesla speaker upgrades). I guess that these pay for themselves and part of product development. They need another high volume and/or high profit product on the market. I am guessing that they think this is the Wave. I don't know how well the Source will sell, but I suspect that it is also a high profit product. Once these are selling (and shipping to indiegogo backers) perhaps they can pay for the last batch of Pulses. I don't know where the Pulses will go after that because they seem to be a slow moving product these days. If they could have delivered all backers, I still don't know where it could have gone in the market at their initial pricing. The current Amazon price seems closer to reality, though possibly a bit low.
In spite of them driving their own reputation deep into the cesspool, I do wish them well in the long term. If they can fix their management problems, their products sound plenty good enough to be competitive in the market - given reasonable pricing.
I do have high hopes for all Pulse and Vi DAC backers receiving their products. Same for Wave and Source backers such as myself and thousands of others. My confidence is beginning to wane, but the hope is still there. Larry has too much money and self invested to let LH Labs go down without a fight.
J.P.
