Reply To: On the lack of progress reports from the Mill project

Mill is not stalled, but is nowhere where we hoped and intended it to be.

By the end of 2018 we had reached the natural point in development for a transition from a small-team invent-and-design effort to a large-team implementation effort. But we only had a small team; the transaction would require a massive new funding round and a pretty thorough reorganization from a sweat-equity basis to a conventional salaried structure with actual management.

We targeted that transition to March 2020, and took some preliminary steps (like closing subscriptions for our Convertible Notes) in late 2019. Our timing was exquisitely awful; you know what happened in spring 2020.

We expect to try the transition this year.