Pebgo,
This part was taken from one of your posts about an e-mail that Alex had sent you:
"To recap once more what transpired with the now infamous study –our consulting firm had completed an evaluation in late 2004. One of the institutional VCs we were working with found that particular study to have evaluated the technology too high, so they ordered (and paid for) a new study from their own consultants – which did not work with us – and renegotiated their position based on their results. We were only given access to the (lower) value they estimated and not given access to the complete study. Furthermore, our repeated demand for obtaining a copy and right to publish were refused by the VC and the strict confidentiality agreement we have does prevent us from using any of the information, except the value we were disclosed as we had permission to do so. The fact that this study evaluated the technology significantly lower then our own consultants and was not paid for by us, made it imperative for its value to be used (imagine what bashers would have to say if we posted that the technology was evaluated at 100 plus million and then the VC would have made theirs public). The latest news is that we have since refused the financing offer they renegotiated and stopped working with them.
A new evaluation is being undertaken and will be published as soon as completed, this new evaluation has been ordered by us in conjunction with the financial group with whom a general understanding has been reached and will be paid for by our financial group with a clear understanding of becoming public domain."
What exactly is he referring to about the financing group? Is the company they refused the financing offer from Midland Baring? It looks like there is a new financing group in the picture - any idea who they are?
Thanks
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