Milestone Admits IPO Plan Lie

Author: John Honovich, Published on Feb 27, 2015

Now wholly owned by Canon, Milestone's CEO admitted that they lied about not planning an IPO in 2014, as we reported at the time.

The Claim

To IPVM in 2014, Milestone said, "There are no plans for this right now" and "We continually assess our options for the future of the business."

At the company's 2014 event, they made a big show of not planning an IPO, declaring:

********* ***** ** *****, *********'* *** ******** **** **** **** ***** *** ******** an *** ** ****, **** ******** ** *** ****.

The *****

** **** ** ****, ********* ****,"***** *** ** ***** *** **** ***** ***" *** "** *********** ****** *** ******* *** *** ****** ** *** business."

** *** *******'* **** *****, **** **** * *** **** of *** ******** ** ***, *********:

[***************]

“**’***** ************ ** *** **** ****, ** *** ***** ** *** months. ** *** ** *** ** *** ***** ** **** time.”

***:

"********* *** **** ******************* ****** ** ********* ********* *** ** *** ** “**** be ***** ** ** **** *******,” *** **** *** ******* “had *** ******* ** ** ****.”

The *********

*** ** *** **** *****, ************* *****:

"******** [*********'* ***] ******’* ***** ******** ***** *** ******* ****** offering (***) **** ********* *** **** ******** ***** ** *****’* purchase ** *** ******* **** ****, ********** ** ******* *** discuss ***** ******* ******* *** *** **** ******* ** *** decision **** ********** **** ***** ***** ****** ** * ****** outcome **** ***** ******."

********* ***'* ******:

“***** ** * *** ** ***** *************** ** ***** ********* as *** ****, ** * ***** *** ** *** *** confirm ********.”

No ******* ******* ** *********

** ******* ** ****** ****** '** *******' ** '** ***'* comment ** ******', ***., ** ******* ** ********** *** *******.

**** *** *********'* ******. **** ***** **** **** *** '** comment' *****, ***** ***** **** **** ********, *** **** *** the *****-**** ******** ******* ** ********* ***** ********, *********, *** the *********.

Be ********* ***** ***** '************'

***, ********* ***** *** ** ******* **** ***** *** **** critical ******* ***** - ********* '***********'.

******, ** *** *******'* **** *****, **** ********* ** ****** home **** ********* **** ** ***********, ******* ***** ****** ***** by ***** *** ************'* '****' ** ******* ****.

**** *** *** ***** **** *****, ** ***% *****,********* *****-**** / ******* **** *** ********* (***** ***** ***** have ** ** *********** *** **************), ****** *********'* *** **** **** ******* ****** ** ******* will ** *******, ******** *** **** ****, ******* **** ** a *** ****** ** ****.

Comments (17)

**** ******* ********* *****...**** ********* ** ***** **** *** ***** just * ***** ****** *** ***** ************ **** **** **** Definitely *** *** ****...

****.********** ******** **** **** ** **** **** **** ********* *** customers **** *******.

"****.********** ******** **** **** ** **** **** **** ********* *** customers **** *******."

**** *** ******** (******) ***** ***** ****, ****** *****.

**'* * ***** **** **'* ** ********* ******.

******!

****** **** **** ** ** **** **** ** ******* ********* will ** **********.

******** * ** *** ********* *****, ** *** ** ******** more *********** **** *** *******, *** * ****** ** *******.

*) ***** ** *** '***' ***** **** ******** ******* ** an *** ** *** *****, ********** ****** *** *** ** another, ** ******* **** *********.

*) *** '***' *** ** ****** ** ********* **** ****, because ** *** ********* ******** ****** ** *** ******* ******.

***** * *** *** *** ****** * ********** ***.

'** *******' ** *** **** ** ** ****** ****. ******* it ** ******* ** *** **** ***** * ***** **** defendant, ****** ** ***** *******, ** ***** *** *********:

  • *** *** **** **** ******* ** ******?Heavans **, *'** ***** **** **** *****!
  • **** ***** ** *******?Absolutely ***!
  • *** **** ***** *** *******?I ***** **** ** **** *** ***.

***** ***** **** **** *** **** ********** ****** ** *** several ***** ** *** ****, ** ****** **** ****** ******** to "** *******" ** ** **** ** * ************.

***********, ** ****** ** ** ***** *****, ** *** *** loyalty ** ** *** ************ *****. * ***** **** **** people ********** **** ** *** *** ** ***** *********, *** are ******** ** ******* *** *** **.

** *** **** **** ***** ***** ******** *** **** ********* will ****** ***********, * ***** **** *** ****** ******* ** as *** ** ** ***** *****,but ** *******.

*** ** **** **** ** ** *** **** *** *** who ** ****** *** ********...

"'** *******' ** *** **** ** ** ****** ****."

****'* *****. ** ******* ** * ****** ****** ****. * company *** *** * **** ****** ** ******* ****, "** a ******* *******, ** ** *** ****** ** ***** ******* on **** *******. ** ** **** ** **** ** ******, we **** ****** *** *** *** *********** ***********."

* ** *** ********** ** **** ****** ******* ***** ** one **** ** ***** ******* ** ******.

*******, * ***** **** *********'* *** ** *** ****** *** decision ***** *********'* ******** ******, ******* ************ ****** **** **/**** are ******. ** *****, **'*** ** *****, ** ** ********* ****.

*** **** ********, *** *********..

* ***** **** ** ***** * *** ***** ****, ******** such ** **** ** *** **** *** ********, * ******* mind ******* * **** ******** **** ** ****** **** ****, it ***** ***** ********/******* *** *** **** ** ******** ** article ** ******** * ****** ** ******** ** ******** (***** may ** **** **** ** ******** ****** ******** ***)

*** *** ********* **** **** ** ***** * **** ******** spin. **** ** **** ******** **** ** ****?

** *** ****** ********, *** *** ******* ********* ***** *** they ****. (*) **** ******* ** ****** ******** ****** * paywall ***** ****** ******* **** ******. (*) ********, **** ****** engine ***** ****** ******* ** ***** **** ***** *****. ***** this ** ******** ** * ***** ****** *** ** ****** a *******, **'* ********* ****** ** ** ***** ** *** many *****.

**'* * **** **** ********* ******** ******** **** **** **** not ******** ** *** ***** **** **** ****** ******** ***.

**'* ** ******* **** **'* *********, **'* **** ******* **** it's **** ********. ** *** **** ******** ** ****.

**'* ******** ****** ********** ** ** ** ******* **** ************ lying ****** ******* ** **** ********* ******* "**'* **** ********".

** **** **** **** ***** ** ******* ***** ** **** area ***** *** ***, *** *** ******* **** ***** ** off ** "****, **** **** ** ****"... **** ** * break.

***'* *** **** ** *******, ******. ********* ** ****** ********.

***'* *** **** ** *******, ******. ********* ** ****** ********.

***, **'* *********. ***, **'* ********. ******** ********* ******** *********.

*** ** *** ********** ** **** **** *** *********** ***** to **** *** *** ** **. *** ** ****'* *******, just *********. ** ** *** **.

****** * ***** **** ******'* ************* ********** ***** **** **** largely *** **** **** ** *** **** **** "** *******". People ***** ***** ****, ******* **** ** **,**** ** *** ******* *** *** ***********, ** ****** *********.

****** *** *** ********.

*** ******** ** **** '** *******' ** *********** *** *******, unlike ******** *****. **** **** **** ***********, *** * ***'* see '** *******' ** ***** *******. ********* *** ***** ** obligation ** ****** *** ********* ** *** ***** ** *** public. **** ** ****** ********* ******* **** **** ** **** be ********** ** **** ******* ** ** ******* ***** *** information **** *** *** **********.

*****, ** ***** ** **** **** *** ******** ** *** teenage ***** **** *** ** ****** **** ** *** ******* parenting ****** ** **** *****....***** ******** *** *** ******** *** not **** ********** ****** **** *** ****.....**** ********* ** ********* by ******?

**** ** **** *********'* *** ** *** *** ****** ***** claims.

* ********** ***....* **** *** ** * ********* *****, *** as * ***, *** ** * *** *** ******* **, things ** ** ****** **** ********* **** ********* ******** *** CEO. * *** *** *** ****** * ***** ** ***** a ******* **** **** *** ***** *** *** ***** ***** meeting **** ** ******** "** *** *****" ** **** ******** by * ***** ***** ****** *** *** ****. ** *** a ********. **** *** **** ******** * ***** ***** ** leaving **** ** *** ** ********* ** ******* *** *** new *** ******** ** *** ***** **** ** *** ******** for * ****** ******** *** **** ** **** ***.

**** ****** **** **** ***** ** ********* ** ****** *** not *** ***'* ******.

*** ***** ******* **** '********' *** *** **** **** *** replacing ***. **** ********/**** ******* ** ***, ** *** ***** hand, *** *** ** *** **** ***** *** ***** **** to ** * **** ** **.

******* ** ******** ** *******. ** ** ** ***** ***** knowing?

* ***** ** '****' ********, *** ** *****'* ****** *** fact **** **'* ***** *********.

********* *** ****** **** **** **** ****** '** *******', *** then ***'* ****** ** ** *** *** **** ******* ****** when **** *** ** ******** ** **** **** **** ***** be *********** ** *** ****** ** ******* ********* **** ** earn **** *****, ***'* ********* **** ****.

* **** ** ***** **** *** **** ****. *** *** common ***** ** ******* *********, ****** ***** **** **** **** walk * **** ****, **** **** ** *****.

*** *** ****** ******** ** *** *** ***. ********* ***** have **** *** ***** ***** *** **** ******* ***** ** (no *******, ***) - ****** **** ***** ** ******* - and **** **** **** ** * *******, ** ******'* ***********.

*** **** *****, **** ****** ******* ** **** **** ******* of *** **** '**' **. *****?

**** ******* ****** **** *** "**********" ** ****, ** *****'* mean **'* *****.

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