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Look at the filings.
1.2 Purchase Price. The price to be paid for the Assets to be sold, transferred and assigned (the "Purchase Price") shall be an amount equal to thirty thousand US Dollars, ($30,000.00) to be paid in certified funds or wire transfer at Closing, plus the consideration set forth in the Technology Transfer and Assignment Agreement between the parties, dated of even date.
Anything additional is contingent. Dino posted those terms. Looks like a real windfall. I can only imagine what the offer was from Parker.
“World changing” technology? $30,000 and a % of future sales.......
$30,000 cash..............
What a great story. Thanks for posting Artguy.
Nope, You are were probably correct. Cheddar, that was the start of the "media blitz".....
You have to be a business to qualify for that. 22%? The fool that loaned them the money will be lucky to see a nickel. Just ask the guy who made the watches. Can you get removed from the Rochester Business Hall Of Fame? You ever wonder if they would have looked to make the ISO meet the durability testing required instead of wasting money on a failed sleep technology. Something they had NO expertise in......
What happened to the valuable tool that was going to save lives when drivers or pilots were going to fall asleep at the wheel. So sad.....not one thing appears to have been true. Hi Dino.
$5000 is $5000 and it is better than nothing. If Torvecian was correct Knight is covering their short position.
Keep buying. You’re making some sellers happy. Anyone remember the North Atlantic Fish Company?
They WERE an automotive tech company. They are nothing now.
The issue is that CRGS is not a public company. Do you know a company that develops apps that has 3 employees and is public? The products we invested in are gone and there isn't anyone on staff to my knowledge that can revive them. It's over.
Even the sleep technology that was supposed to warn a truck driver he was about to fall asleep and kill himself or others appears to have either never existed or failed to launch.
What happened to the Jetblue testing. My gut tells me the pilots union laughed..............
The whole company is toast. It’s been toast. $70 million dollars. Every single piece of automotive technology is gone. Where’s the daily short report Oakie? Wonder if a certain poster is still happy about stealing those shares at $4?
I would love to know what happened. The pump was “world changing”! Nice of him to let everyone know about it thru Facebook like a 15 year old. Now they can focus on developing apps that are already in use by Whoop and others. Reminds me of the guy who was thrilled about the GPS locator in the watch when Breitling has had that since the 90’s.
Either they couldn't give it away or they did give it away to TG. You could very well be right.
For the long timers. It's official. Everything we invested in has failed.
I’m speechless too
That’s amazing on $2000 in revenue they made $127,000......creative accounting at its best. I’m loading up on Monday.
That’s a good sign.
Someone keeps dumping and Knight keeps covering IMO.
Multiple posters have noted they called and no one answered. Multiple has said they sent emails and got no reply. One poster claims to have gotten information but won’t share. Pretty easy to figure that out what’s going on.
Why would you expect anything different from a guy who said CRGS would have 200K users by the end of the year. Then ignored this statement like he never made it. Mistakes are understandable but the lack of respect for the shareholders is deplorable.
Come on, they posted that from some other site right?
Taking a PPP loan when you know you are on the verge of going under from what has nothing to do with Covid. Interesting...........
I think TG gets anything that may have an ouch...I mean ounce of value.
You have to be a business with payroll......his point is it’s not a business
Wonder if they qualify for PPP loan forgiveness?
Looks like the competition just keeps rolling along.
https://www.msn.com/en-us/sports/golf/rory-mcilroy-justin-thomas-among-whoop-series-e-financing-investors/ar-BB1atyHr?li=BB15ms5q
The only guy they would be scamming is JG......nice to see you posting Dino.
Knight is covering their position. I think he was excited about the 200k users too. He also promised regular updates. He’s definitely qualified to lead Torvec .
It’s required I believe. I would assume a Zoom meeting.
Could be worse Artguy. I know a guy who lost over a million.
Nice post Artguy. Sums it up.
Leit,
I remember playing the 1st on the Island Course at Innisbrook telling a friend of my late father about the hiring of DK and what a positive it was for the company. I literally remember it like it was yesterday. That was 12 or 13 years ago. That a Cluster F this has been.
Artguy,
Great point. They can always use a new target.
Torvecian,
While we have never agreed on much I have always respected your opinion.
Fad,
We should have listened to Ernie. He was a brilliant man and he told us about DK. What were we thinking?
Dino,
I’m truly sorry it didn’t work out for you. You were a true believer. We were sold a bill of goods. I passed on Amazon 20 years ago. Happens to all of us.
Gleasman’s, you should be ashamed of yourselves.
That about some’s it up in a nut shell.
Artguy,
What makes you think the Air Force still has the Ford TV? It’s been so long I would have thought it would have been abandoned by now.
TG has got to be ready to pull the plug soon. They should feel guilty hiring anyone when they know the days are numbered.
Very nice Artguy and well deserved I'm sure. I hope one of your designs gets selected.
Does anyone really care? The CEO promised updates and then dropped out of siight. D, the fat lady is singing, sorry to say.
Leit, I haven’t posted on the yahoo board in years. Many years. Time flys. Good luck. You deserve it. Patience of a saint.
Vernon might have. The kids didn’t. Not everyone is getting a write off.
His return will be the value of the pump. That will payback the loans before the doors close.
The amazing thing is that it's above $0.00.