Now that we have a new brokers' note, let's have a look back at the last one and compare. In 2006 xG obtained an impressive 50 Mbps in their trials. ("These are actual figures, not theoretical" their broker Hitchens noted.) This was well in advance of any modulation available at the time. Now in 2010, following a technical review from PA consulting on behalf of Allenby, they come up with a maximum theoretical figure of 6 Mbps - that's only 12% of their previous "actual" speed...
But wait. Hindsight is a wonderful thing. This has all happened before. In 2000 iDigi were claiming 3 Mbps for their system. Again, this was well above any other figures the industry were quoting. Again, these were real figures, tested (by xG themselves - in a fraudulent demo.) But in 2001 when the system was tested by Katapult it only gave performance as low as 0.04 Mbps - that's only 1% of their claimed speeds, lower than a basic modem!
I see a pattern emerging...
What gives? Could it be that they haven't got a scoobie? Or could it be that they lie to investors to steal their money from them? I'm going with the latter, but if you are an investor the result is the same - you will lose all your cash...
Rich Tehrani: If you think xMax works "as advertised" I've got a lovely perpetual motion machine I'd like to sell you. Sure, it's only 1% efficient but...
Keep drinking douchebag.
ReplyDeleteExcellent post. How anyone still can be supporter of this company and defend it is completely unbelievable.
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