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WWGE was probably a two man show, but they have joined forces with NANOTECH to ride this wild revenue monkey to $1.
CSPACE COMMERCIALIZATION STRATEGY (March 5, 2013)
As I have mentioned in previous letters, our commercialization strategy for CSpace® is based on a technology development and licensing business model. Revenues from that model are expected to come from customer funded development and license fees / royalties. The reason that this business model was chosen is that, initially, CSpace will be targeting high value / low volume applications in the government and industrial sectors. These include: air traffic control, medical imaging, geological visualization for the oil & gas industry, weather visualization, battle space visualization, and cargo / baggage / people scan displays for homeland security. In these applications, 3D displays based on our CSpace® technology will be 1) very application specific and 2) part of a much larger system. By application specific we mean that each application is anticipated to have different requirements and therefore each 3D display will likely have different specifications. These large and complex systems are typically developed and manufactured by government prime contractors like: Raytheon, Boeing, Lockheed Martin, and Northrop Grumman. We have spoken with some of these companies about the potential applications for CSpace in areas where they have existing application expertise, products or customers and have demonstrations scheduled, but do not have any further commitments beyond that at this time. While these preliminary discussions are promising, our near term business development plan is to create awareness of and interest in CSpace® over the next several months and then re-engage with interested parties when Lab Proto 3 is nearing completion later this year. At that time, we will be able to match the expanded capabilities of CSpace (as demonstrated by Lab Proto 3) with application requirements to determine the best-fit applications and customers. Since January, I have personally taken charge of all CSpace® business development activities.
The primary goal for Lab Proto 3 is to develop the capability to build larger image chambers of different sizes. We call this capability our scalable image chamber “system”. That system will consist of both materials and a fabrication process to actually create image chambers. The secondary goals for Lab Proto 3 are to create an even larger and higher resolution laboratory prototype that makes use of this new scalable image chamber system and our new Z-axis scanning system. Lab Proto 3 should enable us to more credibly engage with potential customers and provide the necessary data in support of proposals we intend to present to prospective customers in order to explore opportunities to
develop application specific customer funded prototypes. We plan to use the first of these application specific prototypes to demonstrate CSpace to other prospective customers.
Martin Keating did try to get government funding, but was never successful. Willner has not either to date. I agree with your other points!
[color=red]PEOPLE KNOW NTEK IS THE REAL DEAL[/color][color=red][/color]
The only one's with millions of shares are long and waiting for the pps to go up. Too many REAL revenues coming in 3rd and 4th quarter to bail now.
Profitable company with more products in the making...
I already got some out and put some more back in... its called the hoakie poakie! ...then you flip it all around, that's what its all about!
It's kinda like a marriage, only takes one to call it quits! LOL
Winners never quit and quitters never win!
Wow, a little over $50 in trade volume today! Maybe the dilution has stopped after all! NOT!!!!!!!!!
I think its the new Voice over IPTV app that syncs your cell phone to your TV like Skype or Instagram.
; )
Another revenue train is leaving the station!
DR. EVIL Post:
OH MY!!
@davidrfoley: Day 1 orders. Can't wait to start advertising http://t.co/y7YyGV4wFU
Nah, big news is just around the next corner... It will be worth the wait if you believe in Willner.
Revenues will keep doubling every quarter! Profitable company will be trading much higher in the next 3-6 months!
Love the way you talk BoomSoon! Exciting news in the works, no doubt! Grab em while they are cheap!
Pretty much, that is why I dumped what I had and will watch from the sidelines until they show they can deliver. Good luck!
AIR SCAMA LAMA DING DONG! Anyone riding this dead horse will get tossed a loss IMO. They have never delivered. R/S in 6 months will confirm what everyone is saying here.
That is a Form T trade from earlier in the day. MM's have time to post trades after the bell rings. There are no after hour trades here.
How do you know they are not planning to hold all or part of these shares for the long-term? If partner news comes out an the pps reacts positively based on who it is and the scope of the agreement, they may not have to sell as many shares to recoupe their investment. They may decide to treat their remaining shares as a longer term investment, assuming they see the value in it like most shareholders.
I sense that something big is brewing in Tulsa, besides the morning coffee... things are very hush hush. Nobody is dumping millions of shares into the market yet either. Tells me something is up that will drive the pps higher before any dumping begins.
8-K just filed. Looks like they plan to pay off old Vic at the end of the month!
On July 30, 2013 (the “Amendment Date”), 3DIcon Corporation (the “Company”) entered into a second amendment agreement(the “Amendment”) with Victor Keen, a Director on the Board of Directors of the Company, to amend that certain Convertible Bridge Note (the “Note”) in principal amount of $60,000 and due December 10, 2012, as amended by that certain Amendment to Securities Purchase Agreement dated as of January 23, 2013, extending the maturity date to April 30, 2013 (the “First Amendment”), and by letter agreement dated May 1, 2013, extending the maturity date to May 15, 2013 and that certain Securities Purchase Agreement dated as of September 10,2012, as amended on January 23, 2013 (the “SPA”). Pursuant to the Amendment, Mr. Keen agreed to extend the maturity of the Note from May 15, 2013 to August 31, 2013 (the “New Maturity Date”) and to waive, if any, existing or prior defaults under the Note or SPA and the Company agreed to (i) amend the conversion provision to allow for conversions based on a conversion price calculated on the Amendment Date or the New Maturity Date; and (ii) to include an interest rate equal to 10% per annum, payable on the New Maturity Date, as amended, which accrual shall commence on December 10, 2012.
A small RS like 1 for 5 is not that big of deal, especially if it allows you to uplist your company to a major board. By the time they do the RS (as they mentioned they would at the Shareholder meeting) they will be out of the pinks and on OTCBB. The pps would be at $1 or higher, so a share buyback program at that level is not cost effective.
Don't fear a 1 for 5 RS. Rather, fear the 1 for 1000 share RS of some typical diluting pink stock scam, which NanoTeck is not in that category.
That is one way, but they need to meet the minimum pps requirements first.
500 million is pretty low for pink IMO, especially a legit one like NTEK! Once it hits $1, they will probably do a to reverse split to reduce the OS to 100 million and increase the pps to $5, then uplist to NASDAQ where they belong!
Even more amazing is the future of CSpace! Ratheon, Boeing or whomever the large government integrator ends up being, will take this little low float gem to a whole new level.
That is because they will do the name change after the one year anniversary, when they do a reverse split! IMO
Revenue is what matters!
There is no cover up here. They assumed the corporate debt of others and you have to go through legal proceedings to make it all legit. The intent here is still the same, pay off the outstanding payables and move forward. They had to make these filing and are following the proper procedures. Its no big deal, other than the shares that IBC will receive for their $197k investment.
Does that part of the deal stink? Yes, but keep your focus on the bigger future of CSpace and the large government integrator they will be partnering with soon!
Assuming the debt of others required legal process. This is no big deal.
I am out. I dumped what remaining shares I had of the this POS stock. GL to any bag holders left in the building!
Accelerating Technology Development!!
That is all I needed to know.
Thanks for the tip, now steady growth takes over!
Please don't feed the bears... Thanks!
The company is gobbling up shares, so why not us too?
This kinda deal leads to another... I think we will be seeing more news in the coming weeks.
I am betting the Bull will also be watching a 65 foot 4k Streaming Seiki TV on the corner building!
Right now they are working on a huge ice sculpture of a bull humping a bear. It will be located in Times square.
JMO
Mickey
12 million down, 56 million to go! Love these buyback programs!
Looks like they may have received around 12-15 million shares depending on whatever discounted share price they received. If you think about it, who would give them more funding if they knew some of it would be going to pay off past debt rather than funding the intended development? That might be part of the puzzle to get more funding from the Air Force and/or other marketing prototype partners.
They are so close to finishing the 3rd Lab Prototype and hammering out some deals for the market specific prototypes. I think at the end of the day, this is a good thing. Besides, if they continue to succeed and bring in any big name partners, any shares dumped on the market are gonna be eaten up like candy during a parade!
IBC will be holding on to their shares to sell at a future point in time when they are worth considerably more. This is not another dilution scheme like Golden Gate. IMO, do your own DD.
THIS IS HUGE NEWS FOR 3DICON!
3DIcon Enters Into $197,631 Equity Transaction With Institutional Investor -- Accelerating Technology Development
Download PDF
TULSA, OK -- (Marketwired) -- 07/30/13 -- 3DIcon Corporation (OTCQB: TDCP), a developer of three-dimensional projection display technologies, today announced that it settled almost $200,000 in debt and trade payables, removing these obligations from its balance sheet, in exchange for the issuance of shares of its common stock to IBC Funds LLC ("IBC"), an institutional investor specializing in direct equity investments in public companies with growth potential. IBC previously purchased certain debts of the Company held by third party creditors, which make up the amount settled.
The Company is focused on the development and commercialization of its CSpace® volumetric 3D display technology that is initially intended for use in government and industrial applications like air traffic control, homeland security, medical imaging, and oil & gas exploration. This transaction will enable 3DIcon to direct more of its future cash flow to CSpace® business and technical development while, at the same time, strengthen 3DIcon's balance sheet. The Company believes that these benefits will, in turn, provide greater confidence to potential strategic partners and customers. By eliminating most past due payment obligations, this transaction will enable the Company to spend more of its future cash flow on CSpace® research and development, which could decrease the time-to-market for this potentially breakthrough technology. This transaction will help support investments in equipment, software and materials.
Mark Willner, CEO of 3DIcon said, "This transaction is very important for us and comes at a good time for the Company. We are focusing most of our capital and human resources on CSpace® technical and business development in order to bring our technology to market as quickly as possible. As evidenced by the recent $300,000 State of Oklahoma grant and first place in that grant competition, independent reviewers from across the US agree with us about the potential of this technology. This transaction frees up a significant amount of future cash flow, which we intend to utilize to accelerate our development of our third generation laboratory prototype and begin development of our first product platform. This will include further investment in our collaborations with current materials partners, as well as investments in optics design software and measurement equipment that will be required moving forward."
"I would like to thank IBC for their confidence in 3DIcon and we look forward to working with them in the future," said Victor Keen, Co-Chairman of the Board of 3DIcon.
"We are impressed with what Mark and the team at 3DIcon have accomplished so far and we are delighted to be able to provide the Company with the capability to accelerate their efforts with this exciting technology," commented Samuel Oshana, Managing Member of IBC Funds LLC. "We believe 3DIcon is well positioned to enter into and take advantage of the tremendous growth that is expected in the glasses-free 3D display market. We are pleased to be one of 3DIcon's business partners moving forward."
Real companies with real 3D technologies do not get ignored!
How do you know he is not being paid? He bought shares on his DD and has made money on his DD. Smart investor!