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You’re talking about $3.27…
If this deal went through, we’ve got a year – probably less – to somehow deal with 12-13 billion shares of common stock. I’m not a bean counter, but something drastic has to happen with that share count.
Good point…
Seems China and Japan have the sector sewn-up. Although Tesla’s screaming for batteries and will start its own Gigafactory in 2017.
Listen, we’ve got to jump in somewhere and compete for goodness sakes! We’ve got to kickass and ask questions later. If this deal goes through, we apparently have some people who know their stuff… stuff being silicon and its derivatives. We proved already that the world wasn’t ready for CSpace! We’ve got to do something else.
What I bet on originally wasn’t ready for the world… apparently energy technology is… and I’m forced to bet on this one.
From the June 1 presser…
Coretec's primary objective is to develop products and solutions for the many existing and next generation energy-technology applications that require improvements in manufacturing materials and efficiencies to optimize potential and reduce costs. Specific applications for Coretec's products include energy storage (Lithium-Ion batteries), solid-state lighting (LEDs), solar energy, and printable electronics.
From the June 8 PR…
… discussions ultimately resulted in a merger agreement being executed by the two companies on June 1. The merger will not only facilitate the development of CSpace® but also will provide a portfolio of IP in silicon materials with near term application to energy storage, printable electronics, solar energy, and others major markets.
From yesterday’s 3DIcon’s Facebook page…
The structure of the report is a comprehensive Executive Summary and Conclusions with forecasts, issues, roadmaps etc. then Introduction looking at battery basics and lithium-ion in particular. An Applications chapter maps parameters and solutions with detail on the largest market of the coming decade - the trillion dollar electric vehicle business in 2026.
http://www.businesswire.com/news/home/20160627005867/en/Lithium-ion-Batteries-2016-2026---Battery-Sector-Worth#.V3Gq-zFhoeg.mailto
http://www.researchandmarkets.com/research/sjxph9/lithiumion
How about an afternoon June 30 CEO presser letting us know something to the effect that all the dust has settled, closing conditions have been satisfied, and we can see clearly now that our first challenge will begin with our toll manufacturing agreement into the energy storage application, specifically, lithium-ion battery technology development.
How ‘bout it…
Cycloneman, while we patiently await CEO insights…
please clue us in on the other John relative to our little company. Sorry about the tragedy.
Signed, sealed and delivered?
Date of Report (Date of earliest event reported): March 22, 2016 (8-K)
7. Conversion or Redemption. The shares of Series B Preferred shall be subject to the following discretionary and mandatory conversion and redemption provisions:
b. Mandatory Conversion Event.
(iii) “Share Exchange or Merger Transaction” means any transaction for which the Company enters into a share exchange agreement or agreement and plan of merger, which agreement is executed within ninety (90) days after the date hereof and pursuant to which the Company thereafter becomes a consolidated company with another entity, and the Company issues equity securities of the Company, even if such issuance would be deemed a Change of Control.
What say you, Doug?
Haven’t heard of our management team abandoning ship…
So I would imagine that we have at least complimentary expertise to coincide with the material development experts at NDSU. Mark and George were inventors with Hakki on the CSpace patent application… George is listed as the inventor for the so-called “Holoform 3D Projection Display” application. And from what I understand Doug has a pretty good understanding of advanced materials.
Hope they have some room in that laboratory.
You’re right iamthe man…
Sometimes I let semantics get in the way… I just can’t help it. Please forgive me… I stand corrected.
Believe me, we can bring Hakki back any time Doug wants him back… and you wouldn’t hear a complaint out of me... we owe the man! I like the cat for obvious reason! But look at the part where Vic says – and I’m paraphrasing – “there are four or five experts in material development at NDSU in polymer and silicon based materials” or something like that.
Another bad habit of mine is I sometimes read between the lines. Again, please forgive me.
John O'Connor...
our former Board Chairman. Listen to Vic around 28:00 on the webcast.
Hakki's verified history too! Thanks, Hakki.
EVL, I suspect that you are exactly right…
We’re looking at a new company, no doubt. Martin and John are history… hard to believe. The founder is history and writing books and maybe on to making movies… John apparently got tired of submitting company debenture to the SEC.
A new direction.
Doug mentioned in the CC something to the effect that the New Company will “start with one product line and we’ll transition quickly from NDSU to the toll manufacturer and focus on five major markets the next twelve months… CSpace now is long-term and the image chamber will be silicon-based material…” Another hard to believe… CSpace taking a back seat.
Yes, I suspect that June 15 went as planned and we do have a licensing agreement with NDSU. Perhaps this will be part of Doug’s first presser as CEO… he did mention that he would provide a list of the IP obtained from NDSU.
Hello… Dr. Phil.
So long Martin and John… it’s been good to know ya.
Could it be we’re using them…
Before yesterday afternoon, I couldn’t imagine our IP, CSpace and its enhancement, taking a back seat to anything… but it will now wait its turn.
Apparently our financing – at least some of it – is now focused on legitimate non-dilutive federal funding for NDSU’s silicon-based technologies headed up by Dr. Phil Boudjouk. NDSU holds Si technology patents and our agreement will allow our access – a 35% cut, as I understand it, correct me if I'm wrong – for licensing of other applications, i.e., solar energy, solid-state lighting, printable electronics, energy storage, oh and there it is… displays. Maybe the powers-that-be saw a future in our display model and will later craft its existence for commercialization.
For me this is the good news. The pressure’s off. That solution for scalable image space material will be silicon-based, but… will now wait. Apparently, Dr. Phil is the go-to guy right now, but he has other irons in the fire.
We’re still an R&D company enhanced with merged R&D with hopefully more to gain. But I guess as long as NDSU owns the IP that Coretec uses to enhance its own (CHS / Si6H12), we’ll have government funding to help continue operation of our R&D business. Maybe that’s key.
However... I’m ready, as we all are, for some near-term revenue from the licensing of our partner’s IP to other applications. And if that were the case, yes, CSpace image space development can wait.
30-minutes to look this over...
http://coretecindustries.com/
You bet playman…
But I have no idea the topic! Once known and the conversation leads to direction, then yes, I may have a question or two on how to best pursue it.
I would say if you’re interested enough and have something to lose and this conversation is all about guidance – instruction – if you will, then you’d better listen up.
Regardless of our recent speculations on this board, something’s happened… good or bad, for us shareholders’. But we’d better be savvy enough by this direction to do something about it… not for the Company’s sake, but for ours.
Good luck to us all.
Tune in at 3:00 P.M. Okie time...
http://ir.3dicon.net/ir-calendar
SCHOTT Defense is alive and well…
It caters to the DoD and is a mainstay in the MIC… and always will be as long as our tax dollars fund it.
http://www.us.schott.com/defense/english/
Only its so-called “development office” was closed in DC as we were told.
3DIcon Schedules Conference Call...
to Provide Guidance on Current Corporate Developments
Wow! What a title! Those last three words are no doubt buzzwords!
Current (Present, Existing)
Corporate (Business, Commercial)
Developments (Growths, Expansions, Progresses, Advances, Changes, Increases, Enlargements, Improvements)
For the life of me, I see no negatives in that title! Do you?
When Victor has news...
he will let us know, with nothing said in between, that's always been his style and now its been 4 1/2 months or so since he said the shareholder call-in would happen, "in a month or so."
iamthe man, here it is:
http://ir.3dicon.net/press-releases/detail/1316/3dicon-schedules-conference-call-to-provide-guidance-on
Highlights from the 10-Q, IMO…
But first, please note the extension of convertible debentures to June 30. Also, the Certificate of Designation was filed with Oklahoma’s Secretary of State on March 22, and given the parameters of the Series B Preferred conversions detailed in the Certificate, if we don’t share exchange or agree to merge and consolidate with a company, we’ll issue our Death Certificate, June 23.
That said.
The Company believes that the disclosures made are adequate to make the information presented not misleading. F-6
The Company is in discussions with Golden State Equity Investors to modify the normal means by which we access funds. This would provide the Company with greater flexibility and control over the issuance of shares and not further limit our access to operating and growth capital. F-7
On June 24, 2013, the Company issued to Victor Keen and Martin Keating, Directors of the Company, (“Directors”) 10% convertible debentures in a principal amount of $15,000 each, due June 26, 2014 and subsequently extended to June 30, 2016…. On March 24, 2016, the Company issued to Mr. Keen and Mr. Keating 1,193,582 and 19,266 shares of its newly designated Series B Preferred, respectively, in accordance with Securities Purchase Agreements dated December 11, 2015… F-8
On December 20, 2012, the Company issued to Newton, O'Connor, Turner & Ketchum (“NOTK”) a 10% convertible debenture in a principal amount of $29,007, initially due September 30, 2013 and extended to June 30, 2016…. On March 24, 2016, the Company issued to NOTK 50,149 shares of its newly designated Series B Preferred in accordance with a Securities Purchase Agreement dated December 11, 2015… F-8
On March 8, 2016, Mr. Keen agreed to extend the maturity of the Note from December 31, 2015 to June 30, 2016 and to waive, if any, existing or prior defaults under the Keen Bridge Note or the Keen SPA. F-9
Series B Convertible Preferred Stock
On March 22, 2016, 3DIcon Corporation, filed with the Secretary of State of the State of Oklahoma a Certificate of Designation (the “Certificate of Designation”), setting for the Preferences, Rights and Limitation of the Company’s Series B Convertible Preferred Stock (the “Series B Preferred”). The Two Million (2,000,000) shares of Series B Preferred designated under the Certificate of Designation have a stated value of $1.00 per share (the “Stated Value”). Under the Certificate of Designation, the holders of the Series B Preferred have the following rights, preferences and privileges:
The holders of Series B Preferred are not entitled to receive dividends but have voting rights equal to the number of shares of the Company’s Common Stock into which their Series B Preferred can be converted, whether or not the shares are available for issuance.
At the option of the holder, Series B Preferred may be converted in whole or in part, from time to time, into One Thousand Nine Hundred Fourteen (1,914) shares of Common Stock. The Series B Preferred Stock will automatically be converted into Common Stock if (i) at anytime the 5 day average VWAP of the Company’s Common Stock prior to such automatic conversion is equal to $0.10 or more; or (ii) the Company enters into a transaction for which the Company enters into a share exchange agreement or agreement and plan of merger, which agreement is executed within ninety (90) days after the date of the Certificate of Designation and pursuant to which the Company thereafter becomes a consolidated company with another entity, and the Company issues equity securities of the Company. Such automatic conversion would be converted by the same method described above for discretionary conversions. F-10
Loan Agreements
On April, 16, 2016 the Company entered into a Loan Agreement (the “Agreement”) whereby the lender agreed to provide the Company a loan facility of up to $100,000. Under the terms of the Agreement the Company shall pay interest on the outstanding unpaid balance at the rate of 1.167% per month. The interest is due quarterly and the principal is due June 29, 2018. The lender has advanced $50,000 on the loan.
On April 26, 2016 the Company entered into a 9% promissory note with Golden State in the amount of $40,000. Under the terms of the note, interest is payable monthly and the note is due November 1, 2016. F-13
On May 26, 2009, the United States Patent and Trademark Office ("USPTO") approved the patent called "Volumetric Liquid Crystal Display" for rendering a three-dimensional image and converted it to US patent No. 7,537,345. On December 28, 2010, USPTO approved the patent called “Light Surface Display for Rendering a Three-Dimensional Image,” and issued the United States Patent No. 7,858,913. On August 21, 2012, the USPTO approved a continuation patent called “3D Volumetric Display” and issued the US Patent No. 8,247,755. These patents describe the foundation of what we are calling our CSpace® technology (“CSpace”). Page 3
Lab Proto 3, while not complete, is already 80 times brighter than Lab Proto 2 and more than 2,000 times brighter than Lab Proto 1. Most of the engineering work (optics, electronics and software) is complete, and the focus is now on the image space materials.
The goals for Lab Proto 3 are to develop a lower cost and more scalable image chamber material (specialty glass), to enhance imagine brightness by ten (10x) by utilizing a new scanning system, and to use that new material to construct an even larger image chamber than was demonstrated for Lab Proto 2. Part of our Joint Development Agreement (“JDA”) with Schott Defense (“Schott”) and our efforts to secure federal funding are aimed at accelerating the process of securing a scalable material for CSpace’s image space.
… If successfully developed, the Trade Show Prototype will be fully packaged and portable so that it can be used for trade shows and on-site customer demonstrations. We believe that the Trade Show Prototype will enable the Company to market and secure licensing agreements with large government contractors and large medical or industrial products companies. Page 4
While holographic and light field displays show promise, they do not deliver a true 360 degree viewing experience and cost effective multiple user systems do not appear feasible due to current and expected pixel density, data bandwidth and compute power limitations. Page 5
The Agreement also amended the existing agreements between the Company and the University such that all intellectual property, including all inventions and or discoveries, patentable or un-patentable, developed before July 28, 2008 by the University under the SRA is owned by the University. All intellectual property, including all inventions and/or discoveries, patentable or un-patentable, developed jointly by the Company and the University at any time is jointly owned by the Company and the University. Finally, all intellectual property developed by the Company after July 28, 2008, including all inventions and or discoveries, patentable or un-patentable, is owned by the Company.
Intellectual Property History, Status& Rights
On May 26, 2009, the United States Patent and Trademark Office (“USPTO”) approved the pending patent called "Volumetric Liquid Crystal Display" for rendering a three-dimensional image and converted it to US patent No. 7,537,345. On July 16, 2013, USPTO approved the pending patent called “Computer System with Digital Micromirror Device,” and issued US patent No. 8,487,865.
CSpace Patents are as follow: On December 28, 2010, USPTO approved the pending patent called “Light Surface Display for Rendering a Three-Dimensional Image,” and issued the United States Patent No. 7,858,913. On August 21, 2012, the USPTO approved a continuation patent called “3D Volumetric Display” and issued the US Patent No. 8,247,755. On December 13, 2011, USPTO approved a continuation patent called “3D Light Surface Display,” and issued the US Patent No. 8,075,139. On July 31, 2013, 3DIcon filed provisional patent called “Ultra High-Resolution Volumetric Three-Dimensional Display,” (US patent application serial No. 61859145). Page 7
Him, too?!
You’re right oneloveman, this toast’s burnt bad… but do you think if we’re able to scrape away some of the burnt, someone may want it? Or should we just give it to the dog?
The latest from our partner...
Gotcha! But I will say this: We'd better hope so! CSpace goes no where until we - and our partners! - develop scalable image chamber material.
Oh, and click-on Next Extreme Material.
http://www.us.schott.com/english/news/press.html?NID=us630
I don’t doubt that…
SCHOTT created its D.C. based subsidiary to commercialize CSpace R & D via mega-players within the military-industrial complex. Had Doug and Jim been able to impress, SCHOTT’s D.C. operation may still be intact… they closed their doors because our disruptive innovation wasn’t acceptable, thus our federal funding strategy is history.
That brings us to commercialization via the private sector… we have no choice. The MIC gave us its answer: Come back when you’ve grown up.
And we will. I too, think something’s in stir… and it will involve SCHOTT, Duryea.
They will involve themselves this time with a subsidiary of a major specialty glass company… Siemens comes to mind. No customer funded contract will be developed until our partners develop scalable image chamber material… it’s that simple. Who better than SCHOTT and Siemens? We need LP3 complete; the Trade Show Prototype will create licensing and a future. But we’re going nowhere until we prove CSpace superiority.
Think about it. It will take a major company to create a subsidiary and fund its – and our – R & D. SCHOTT didn’t previously… I don’t know about now. How a merger takes place with this subsidiary… is a good question best left with people in the know.
What say you, iamthe man?
SCHOTT in Duryea…
the main site of SCHOTT Advanced Optics in the NAFTA region, opened in 1969.
Duryea is also home of the center for Research, Technology and Development for all SCHOTT sites in the US. Extensive R&D work for business units such as Advanced Optics, Lighting & Imaging, and Electronic Packaging is done in Duryea.
http://www.us.schott.com/advanced_optics/english/about-ao/locations/duryea.html
How about this sad ending…
All the king's horses and all the king's men couldn't put Humpty together again.
We were allowed entrance into our nation’s vast, mysterious complex with an unfinished innovation that simply did not impress. That said, I have to assume that Doug and Jim did their best. Even Tulsa’s former mayor and sitting senator, a senior member of the Armed Services Committee, couldn’t convince someone to throw a dime to our little green teacup. Had it varied in size and color – who knows – our cup may runneth over.
That being the case.
Honeywell, General Electric, Florida Institute of Human and Machine Cognition, Cleveland Clinic, ShuffleMaster, listen up! Have we got a deal for you…
So much for the military/industrial complex hope…
In December of 2015 Schott AG closed the development office, Schott Defense, in Washington, D.C. It is unclear how this may impact the JDA going forward.(3/30/16 10-K)
The hope lasted a little over two years, but the power brokers inside weren’t dazzled with our disruptive innovation in-waiting… and they certainly weren’t going to finish it.
If the JDA is still intact, I would assume it’s up to Duryea operations for private-sector development. Whole new ballgame.
http://www.us.schott.com/english/news/press.html?NID=us533
Wishful Thinking/No Limit…
Vic’s hopefully taking calls in Philly on occasion pertaining to 3DIcon and if need be, he’ll catch a flight to the Tulsa lab for show-and-tell. He may have had a pretty good lead in October, but that shareholder call-in was wishful thinking back then and continued through mid-February, or so. And I think the time constraints for the “or so” has fizzled too… unless of course you’re more optimistic and choose to take the Bill Clinton approach: It depends on what the meaning of the words 'or so' is.
That being said.
To potential partners out there: Here’s what likely remains – to a certain extent – for CSpace enhancement according to our website.
Key Challenges/Future Plans
• Imaging Chamber Material
- Scalability/brightness due to conversion efficiency
- Image quality/contrast due to scattering
- Brightness/uniformity due to absorption
- Single piece vs segmented with bond lines
• Image Chamber Illumination
- Scalability of polygon scanner
- Z-axis line/plane width uniformity and depth of focus
- Higher resolution image projection
- User eye protection
• Thermal management
• Computing power as resolution increases
Summary
• Market demand for 3D data visualization continues to grow.
• Glasses-based 3D data visualization limits collaboration among viewers during critical decision making.
• Glasses-free, non-volumetric 3D data visualization remains limited in image quality.
• Glasses-free, volumetric 3D data visualization has the ability of providing the best user experience.
• 3DIcon’s CSpace® has been demonstrated, peer reviewed and IP established.
Yep, you read it right! This is all that remains for CSpace success!
So if disruptive innovation means calculated opportunity – and not, kids just being kids – what are you waiting for?
If 3D data visualization image quality is your expertise and should your company be interested in developing a subsidiary willing to invest in the challenges above please contact Mr. Victor Keen at VFKeen@duanemorris.com
(Oh, and Vic, should things materialize within the next year, or so, you don’t owe me a thing.)
BOOMER!
Like I say…
They don’t owe us a thing.
But they know what we have. They know its potential. They know it’s not going anywhere without them. They know too much… and how to get there and have major influence in Vic’s discussions.
Any deal is focused on optimizing our image space. Either we do it or somebody else does it. But it’s our image space that’s going to be optimized.
And you’re right… it’s all about money.
Keep in mind, arrogance is becoming vogue…
The Donald is teaching us that political correctness is out the window.
That said.
If the multi-billion dollar company thought Hakki wasn’t cutting it, why would they influence 3DIcon to can him? I mean, who knows CSpace better than the Hak?
But you may be right… I don’t think too many people around here are too impressed with our SCHOTT partnership right now. We’re broke; they’re loaded… although, they don’t owe us a thing.
But what do they see in us? Why do they keep hanging around?
Wouldn’t it be nice if they believed in this technology, too?
And you will too...
think about it.
And I don’t believe you necessarily did either…
And you’re a lucky man that your mole doesn’t mind sharing information with you. However, the author of that information will not divulge any future information thanks to your source. That was a valuable loss to that group due to the unauthorized act from one of its members. He simply did not want his due diligence divulged elsewhere… that trust was lost thanks to your informer.
That was his prerogative…
That was his due diligence that he produced and he chose to share that information to the audience he preferred.
Who are you to tell him otherwise?
SCHOTT’s latest presser…
“… The SCHOTT team enters every product review with a simple question in mind: What can be improved? The answer helps device manufacturers develop a roadmap from design to testing to rapidly qualifying their products.”
http://www.us.schott.com/english/news/press.html?NID=us621
Wouldn’t it be nice if that device manufacturer was developing a unique roadmap to qualify their product using our CSpace? Until we partner up and optimize our image space… dream on.
Hey SCHOTT team! Yeah you! Have anyone in mind? You have a horse in this race.
The latest from our partner...
http://www.us.schott.com/english/news/press.html?NID=us620
Ouch!
Poor Vic...
If he does…
Do you think he’ll run for POTUS? That should qualify him.
Yeah, there’s something to that…
Martin couldn’t do it, Sid couldn’t, Mark couldn’t, now Vic.
Okay, so the shareholding BOD cans Vic. I don’t believe there’s a replacement… who would want the job for goodness sakes?! That said, TSpace is still out there… how much is it worth to make a viable, viewable CSpace? Someone’s got to negotiate it.
Let’s see…
That would be nothing more than espousing New York values. I got it.
I admire your tenacity…
And yes, something’s going to crank out of this wait-and-see dilemma for investors… either good, bad or indifferent. And yes, you’d think it would be good… at least to a certain degree. I mean, who in their right mind would advertise in two successive PR’s that he would host a shareholder call-in when the deal’s cut? Man that takes a pair. Think about it… think of the deal… think of how it will benefit you, or not… think of how it affects your family, forget about yourself… think of what you have invested… think of the days, months, maybe years of anticipation and concern for your investment… and the required patience, not counting prayers… etc., etc., etc. Now tell me… would you host a call in and be subjected to the outrage and insults of disgruntled shareholders' should the deal be bad or indifferent?
I can only say, the guy wants to boast a bit, got nerves of steel, or nothing more than so-called New York values.
Ultimately, it’s all about a display partner…
Until we advance to maturity our image space, 3DIcon Corporation will have no influence in the global Volumetric Display market… we will not be a market participant for advanced medical imaging devices… X-ray, MRI, ultrasound, CT Scan, etc.
CSpace… you’re so close, yet so far away.
CEO Victor F. Keen Shareholder Update
Dear Shareholders,
I noted in my last CEO newsletter that I would be hosting a call for shareholders to further discuss the letter and the Company’s plans for the future. While we are fully committed to conducting the call, we have not scheduled it as yet inasmuch as we are in discussions which are sufficiently preliminary so as not to permit meaningful shareholder disclosure. As we make progress on the plans described in the letter, we will announce the timing and procedures for the call, hopefully within the next month or so.
Victor F. Keen
CEO
http://ir.3dicon.net/ceo-insights/detail/403/ceo-victor-f-keen-shareholder-update
October 8, 2015
http://www.3dicon.net/