Friday, November 21, 2014 11:15:10 AM
LOL, I agree with your subtle point neither will likely happen. I don't think the engineering company is one of the parties unless they are Bespoke, Greentree, or Brewer Group. Now I supposed they could be that unnamed arm's length party. But that party seems to be left out of the gravy train if you tend to believe the 10K is accurate on those points. We know the 10K is a disaster but I am assuming for the sake of this discussion they got at least that part of it somewhat correct.
Now to your point on obstacles to a sale I do agree. I was giving the perspective of what I think Heddle's strategy may be here and why he priced the options the way he did. I think the fact their patents are in huge trouble giving them essentially zero IP is devastating to any potential sale of either processors or the company. The fact the machines are broken and even when they are "working" barely run a tiny percentage of their capacity also does not paint a very good picture to a buyer. And as you mention they have large liabilities even before the debt to Heddle.
I am sure on Heddle's strategy roadmap there are several steps that simply say "Insert miracle here".
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