My concern would be the complete lack of knowledge on the technology.
If he really believed that we were waiting on Divan to complete the technology, then there was never really any hope in anything other than karaoke succeeding, in his eyes.
Make no mistake, this technology is not reliant on any other company, its completely unfathomable for most and each and every time it has been put to use it has exceeded all expectations both by the company and the customer. Research folks, its not just related to the projects, but also the reason the company exists.