"In further updates, we are going to share what exactly he has been doing in China, how far along the projects are, and be more open and transparent about the financial aspect of the IGG campaigns"
This was what you were supposed to have been doing ages ago when you came on board Jarek:
https://support.lhlabs.com/support/discussions/topics/13000017835
Do you honestly think regurgitating that same stuff at computeraudiophile will make it happen? Larry refuses to have any decency with the total incompetence of his business dealings. If LH/LHLabs has not been transparent thus far, why should anyone believe LH and Larry again? It is the boy who cried wolf all over again...all talk...no action.
"The backers and Larry/the team are all in the same boat. Larry is honestly trying to make the best products he can, and deliver exactly what he promised, within every bit of his capabilities within the parameters of the business."
So what are the parameters? And nonsense that he is in the same boat....his company raised millions and blew millions...it wasn't his cash to lose to begin with.
"IGG related products are not a failure. But businesswise, it doesn’t make any sense at all."
Yes...the IGG products are a failure...so should we expect anything given that you admit business wise they don't make any sense at all? Laughable....truly laughable.
"There was no cross-seeding of funds"
-prove it by releasing where LHL spent the cash...until then your statement it is total bunk.
"LH Labs’ IGG campaigns are usually on a small or big “loss” financially."
LOL...you admitting that LHL did this to lose money intentionally? Or was it to better audiophiles everywhere? I'd like to have a shot at losing millions and not have any accountability too (NOT!)
"Larry doesn't like to point fingers at past staff."
-Then he can take the full blame....so much for transparency eh?
"It's very complicated business, and we hope backers understand the truth."
Ok, so when is LH/LHL going to tell the truth?....still waiting for that one. There are $5-million reasons why this won't happen.