Well, their story apparently sounded good to many other people as well, and the company has been able to raise more than $3 million in funding. However, that not having a product thing can get you into trouble with sed investors.
I know I've introduced several people to this company and I hope I haven't led them toward any investments they regret. I also hope that company principal Joe Doll's claim. "We never intended to do anything wrong.We were engineers who may not have known all the rules," is true.
I asked a couple of compression engineering experts to take a look at this technology and it never really went anywhere. Also, I find Accelerated's expectations regarding their opportunity in the document imaging market to be highly unrealistic - even moreso as the market has matured since the first I talked with them, but their expectations have not. Do I think they are a fraudulent operation? I never had that impression, but I guess you never know. Do I hope their technology is as great as they tout it to be? Certainly, because, if it ever does work, it could do some great things, but I'm still not sure about their business plan of starting in this industry.
That's all I have to say about Acceleated I/O for now. Does anybody else have an opinion/thought and Joe Doll and his proposition of compression through "continuous mathematical equations?".
6 comments:
i see the Joe Doll has completed his Color Segmentor and has sold some copies. This will greatly assist the graphic artist. what do you think
In the first case, Pac-n-Zoom (Accelerated I/O's technology) is not a "compression technology" it is a signal conditioning technology which might be why the compression engineers had few comments. Signal conditioning extracts the signal from noise. Since the signal is smaller than noise, compression (sometimes extreme compression) occurs. Compression techniques can be run on the signal after it is extracted from the noise.
In the second case, we have shipping product, Pac-n-Zoom Color.
In the third case, we were sued by Colorado (not the SEC). Over 90% of the investors believed us rather than Colorado, and the law suit was settled out of court.
In the fourth case, document handling has never solved the problem they call "imaging" (aka, signal conditioning), and we expect to have a significant impact on that market in the next 12 months.
I concede your point about the technology taking too long. In some cases, invention just doesn't go as planned.
Joe:
Thanks for your comments. I assume "Joe" is Joe Doll, who is the lead engineer at Accelerated I/O. I apologize for mis-defining your technology. Thanks for the explanation, which makes things clearer. Also, I didn't say you were sued by the SEC, I used the term "sed investors," meaning aforementioned, and apologize for any confusion that created (it's kind of an out-of-use word.)
Also, I'm glad to hear you are moving forward and look forward to checking out your document handling technology when it becomes available.
The judge issued a summary judgment against the defendants for securities fraud and illegal sale of securities. Colorado got a permanent injunction against them.
The SEC started an investiagtion of Doll December 2011. He is not shipping a viable product.
Web site advertises a Pac-and-Zoom service for vectorizing photographs. Do you have any link to reference about the SEC investigation that you said began last year? Thanks.
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