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Re: MTM post# 24053

Tuesday, 10/07/2014 4:09:01 PM

Tuesday, October 07, 2014 4:09:01 PM

Post# of 28181
The derivative and interest expenses in Q2 were $530K.

There was $140K in revenue in Q2 from finishing the Army contract. That, plus the $350K they got today should just about cover Q3's interest expenses.

There's no chance they will get any revenue from sales in Q3 or Q4 (or, frankly, any time after that). All of their engineering staff has been let go (except for Harry, of course).

They put out a video of part of a Mark 5 engine running poorly and with no load connected. Still nothing powering a car, or boat, or lawnmower, etc.

Still no word on if Ohio State University has got the WHE engine to last 200 hours on the dyno yet. Until (and if) they do, Chris Nelson has nothing to sell but stock.

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