Decision Day January 2017
This change in our decision timelines does not change any of our product delivery timelines. It does however affect the timelines in which the industry will be called upon to financially support People, Ideas & Objects. It will be January 2017, upon the decision of going forward with our offering, that the funds detailed in our budget will be forwarded from industry to People, Ideas & Objects. These resources will then be used to support the user community development and introduce Oracle to our offering and begin the developments with them. No work or discussions will be undertaken with Oracle during the next 30 months leading up to the decision being made by industry. If Oracle is in the room or not does not make any difference in the decision making criteria of the industry. Oracle will be asked to do their job when we are in development. They will not be asked to do any favors or provide any commitments to industry. We will pay them for the work that they will do when the industry has provided us with the resources to do so.
The question then comes about what happens as a result of the choice to go forward with the bureaucracy. And that we must have a plan for as well. It will be clear at that time that the bureaucracy is impenetrable and will survive for the foreseeable future. Industry should consider the consequences of that decision. However we also need to consider the consequence of that decision. And I have. Although it would be ideal to proceed with the development of the software, the user community and service providers there really is no second best alternative for the Preliminary Specification. Implementation of the Joint Operating Committee dictates an all in type of methodology and mindset. There is no partial pregnancy when using the Joint Operating Committee. Things like the decentralized production model only work when the industry is operational on it. It is that stark and that uncompromising. Therefore in terms of preparing a secondary offering for industry. Or compromising on the Preliminary Specification as it stands today, its not possible because of the nature of using the Joint Operating Committee.
Therefore People, Ideas & Objects will be dissolved as a going concern as will the user community. Their opportunities for any future will be non-existent and therefore the organizations will cease to exist. The Intellectual Property however is a different story and I will manage that property as I see fit.
Until the day we know what the decision is we have much to do. The first is to start with the development of the leadership team of the user community. After all what we want to do is to get rid of the bureaucracy and build some software so that we can provide the oil and gas producer with the most profitable means of oil and gas operations.
The Preliminary Specification provides the oil and gas producer with the most profitable means of oil and gas operations. People, Ideas & Objects Revenue Model specifies the means in which investors can participate in these user defined software developments. Users are welcome to join me here. Together we can begin to meet the future demands for energy. And don't forget to join our network on Twitter @piobiz anyone can contact me at 403-200-2302 or email here.