This definitely feels a lot like the people selling perpetual motion or energy devices. A CEO/Entrepreneur who uses non-standard terminology, speaks like Deepak Chopra with fanciful but fictitious sounding explanations, a kind of word salad designed to impress.
I had high hopes for Magic Leap when it was first announced. I though this was going to be a device that had opaque overlay LCD or laser-retina projection so that it worked outside in daylight. I thought it would have a full on FOV. Now it seems really like a kind of Hololens 1.5.
At this point, I think we may have to wait for Apple to solve workable AR glasses.