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Friday, June 20, 2014 2:30:07 PM
>TDCP hires Doug Freitag on Dec 9th - on March 4th Mr Freitag lays out a very detailed plan for procuring Fed Funding
>Jan 28th - the chill and toxic funding retired
>March 13th - the Schott JDA is announced
I sat thru the entire presentation yesterday and come away with these highlights:
>Mr Freitag seems to have a high level of expectation that he will be able to procure at least $1MM in Fed fund grants before 10/1/2014 as this is when current gov fiscal year 2014 ends (this is only 90 days away !!!!!)
>Mr Freitag seems to have a high level of expectation of procuring $6MM (or more) between 10/1/2014 & 9/30/2015 ........ and $15MM (or more) the next 12 months after that - projected Fed Funding expected to be $22 + million over the next 36 months (this will dwarf the $300K they received on the OCAST grant and accelerate development exponentially)
>Schott sent one of their top scientists to visit Dr Hakki at TDCP and he came back to Schott convinced that CSpace was for real. Mr Stein from Schott says that "innovation" is critical to the ongoing success of Schott and they realize the potential CSpace and TDCP present (why else would they do a JDA?)
>Schott has time and money invested in this (I'm assuming a lot more money than any of us have in this) - they have a team of scientists working in their Pennsylvania facility to come up with the solution for the glass so critical to the display.
>the glass conundrum is the primary hurdle to overcome - TDCP is in a JDA with Schott, the NUMBER ONE GLASS EXPERT IN THE WORLD !
So in essence the two biggest challenges are:
#1 - non-diluted funding to keep things rolling and crank up the process (solution Schott & Doug Freitag, both experienced at working the system and getting money)
#2 - get the display chamber glass situation solved (requires money, see #1 above) and requires the assistance of glass expert (i.e. Schott and its team of expert scientists)
I thought Mark Willner was on top of things and Mr Stein said that Schott designs products that DO NOT FAIL.
I have made 6 TDCP buy transactions since March 17th, including another 85,000 shares earlier today. I am in this for the long term and realize that "ground breaking" technology such as CSpace will revolutionize many areas in the professional sector.
GLTA and the above is my not so humble opinion.
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