I attended last nights meeting. Yes I plan to purchase more shares. I took notes...
Highlights... Shares have been diluted due to the fact we have an ever increasing number of staff members and little revenue for years. (Approx 123 million common and outstanding shares. )
Dick Kaplan "Hope to have revenue this year". Jim Donnelly "we have 2 extremely exciting products."
The pump- DK wanted us to know that the pump serves as a pump and motor. It is my understanding that the market for the motor is much higher...(out of the box design). Companies want efficiency, small size, and lower costs. Lower cost being paramount. "If it's not cheaper I don't want to talk to you". Prototype ready in August/Sept. probably won't manufacture ourselves...probable liscensing. Options to liscense to all companies or one exclusively. "It would be worth a fortune." "Incredible world changing product". Engineering models done by our engineer are incredible. "Optimistic". In August or September there will be a C EO report. The pump is a fixed displacement vs variable.? Curaegis division watches to sell at 299.00... early buyers paying 175.00. Plan to charge 6.00 to 8.00 per month for monitoring per watch. Problems that trucking companies see: Huge turnover of drivers each year...may not get watch back. Team coming up with ideas for marketing/selling. Perhaps our co. Replaces watch for free if this happens. Perhaps create a "call center" automated- each company creates a protocol for core scores.... driver makes final decision which limits Curaegis liability for accident. Different pricing plans for busing and trucking companies... Good explanation of importance of sleep and how our watch and support structure for it. Wellness has become a big part of a large percentage of companies. The watch could become a wellness product even more so than safety in the future....They have inserted "gamification" into there plans for the watch. People having competitions, etc. They want to make it addictive..."buddy on your wrist". The scientific accuracy of watch performed at 94.6% vs. 89% for a devise that costs 2000.00. Important to "sell to the scientific community". Attempting to do that. "People in fatigue mng field want to work with us". "We need to get regulators on board." "Jet Blue was one of our Beta testers". "The watch will predict fatigue, measure and monitor fatigue, allow us to intervene". Communicate to driver to pull over. We have had 2 beta tests... tweeting watch. Most bugs can be fixed in 20 to 30 minutes. We are getting surveys. And watches now. Creating documentation. Providing web pages for customers. App Store deployment... We have engaged a national fulfillment co. For packaging, receiving....Getting ready to ship. Increased visibility on facebook, twitter, you tube...Hopefully next year we will have a very increased share price...1000 watches have been made to date...High quality, expensive, future possible go offshore to produce perhaps...Retail down the road ...."we are extremely optimistic". A lot of interest from insurance companies....insurance companies say a 1% improvement in no. Of accidents would be huge for them... DK " I don't believe this can fail". "We have sales orders in hand". We are marketing for excavators, wheel loaders?, wind turbines...Wehave raised about half of the 3 million needed to keep us running through December even if we do not sell anything..."If our projections are correct no more raises will be necessary."... We believe we will be substantially cheaper for our pump and motor- fixed displacement motor..."Being built to one of our customers specifications." "Application for pump is huge...what we can do in storing energy"....Millions of pumps in the world...Noise level is really low...I have to go... Grand daughter crying... good luck to all.