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Tuesday, June 24, 2014 8:51:17 AM
"Reimburses direct and indirect (OVERHEAD) costs" - slide # 22 of the presentation - plus Doug Freitag went on to explain that "overhead" includes salaries and wages for personnel attached to that portion of the project (s) for which the funding was allocated
>In addition Fed Funding is "non dilutive" as it doesn't have to be paid back (it is not a loan)
>In addition there is no current existing dilutive debt at this point
>In addition the only likely chance there is a R/S is if the "bid" price were to not meet the new OTC requirements and that is not enforced until April 1, 2015 - this is not likely to happen - announcement of award of $1MM in Fed Funding would occur by Sept 30th of this year (i.e. in the next 90 days!) - TDCP will meet the .01 guidelines
>In addition - it is then projected by Doug Freitag and Schott that $5MM + of Fed Funding will be awarded between October 1st, 2014 to Sept 30th, 2015 AND $15MM between Oct 1, 2015 and Sept 30th, 2016
Bottom line is that I personally am placing my bet that with 30 years of experience in obtaining Fed Funding that Doug Freitag and the Schott people laid out their Fed Funding projections based upon knowing what they likely could obtain on a minimal basis after seeing the potential for CSpace and how they could sell that "potential" to those Government agencies who dole out the monies. Mr Stein from Schott stated that "innovation" is the number one thing they are looking for to keep Schott ahead of the pack and ahead of countries such as China. The Schott scientist who visited Dr Hakki came back convinced of the "innovation" possibilities of CSpace and that is where Schott climbed on board.
What has transpired in the past is almost irrelevant at this point. Once Freitag & Schott came on board (less than 7 months ago) the dynamics of this proposition changed dramatically. Anyone who cannot put the true pieces of the puzzle together and see where this is likely to end up in 24 to 30 months must be bound and determined to try and undermine this company.
GLTA & JMHO.
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