427Cobra: Re: Financing...Movie Revenue...Tech Revenue
Are those not reasons, or do you not expect any of those within the next 18 months?
OK. Let's take them one at a time:
Financing:
We have been promised financing for 2 years. We have received none. I am not optimistic that the Mercatus deal will ever close. But, let's assume that it does, and it is for the full 6 million. I have already estimated that it will take at least 10 million to bring a complex ASIC to market. So, they will need to spend every penny of the 6 million, plus raise another 4 million *plus* keep the company running at the same time. Just keeping the company running would burn through those extra 160 million shares in a year and a half. So, in summary, I do not think that the financing deal will change the dilution situation one iota.
Movie Revenue:
I have also provided an estimate of what we could potentially see from the movie revenue. It is not much, even considering an optimistic gross. I figure a little under 3 million maximum from the movie. That will help, but even in combination with the laon, will not be enough to bring an ASIC to market.
Tech Revenue:
Simply put, you have to have a product to have revenue, and we don't. It will take a lot of time and money to get there. Both of those add up to dilution.
