Their $144 Million IPO was in Mid March. The iOpener units we all
have, and have been talking about, are the ones manufactured
prior to the IPO; ie, the ones they have been selling since December, 1999.
They certainly started out with much less money; probably under
$2 million. They used that money to order the surplus Taiwanese
units and get their name and scheme established. With $144M now in the bank, I expect the version 2
of the iOpener to be a much less hackable unit. But who knows?
If the unit is for sale in large volumes, the production has to have
been ramped up in February or March, possibly before the start of
the hacking craze. Translation: the new units may well be
hackable too. Time will tell, and the time is close at hand.