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Re: CEOs post# 15165

Friday, 05/30/2014 3:25:13 PM

Friday, May 30, 2014 3:25:13 PM

Post# of 131698
...and for my next trick, ah forget it but to answer the next question (which i am sure is coming) why not VC... Well it's not always that easy to get a private entity or even a bank to fork over millions of dollars for IP (Intellectual Property) that has not even been secured.

I think the conversation would go like this.

"Please Mr. Banker, give me $10,000,000.00, i need to pay my lawyers and cover my expense for the next couple of years so i can finish getting my patents issued. Why no, i don't have them issued yet, what do you mean, please stop laughing, i can't understand what you are saying. Well actually, they pretty much all got denied on my first attemp but i am certain i will get the done this time or perhaps the next. Ok ok ok, i am leaving, please remove your foot from my A**."

Hence why the US OTC was the most viable option, it gave this technology a new lease on life, one that was not going to be afforded to them otherwise... Just saying

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