I have highlighted a part of the Aegis Pump and Motor CEO Report March 18, 2019 as only a part of my reasoning that: 1.) it is not over for common shareholders and 2.) Parker Hannifin cannot be excluded as a Paramax focus.
Dear CurAegis Technologies Shareholders,
This is a short CEO update for CurAegis Technologies, Inc. as of March 18, 2019.
I am sorry it has been so long since my last CEO report but I felt I had to wait for our negotiations regarding our hydraulic technology to progress to the point when I could give out information.
AEGIS Pump and Motor: As you know, we have been working with one large company to license or sell our hydraulic technologies. As of now we have not been able to reach an agreement. Although we are not stopping those negotiations, we now believe it is in the Company’s best interests to open them up to other prospects. We have started conversations with investment bankers and companies that we believe will be interested in these technologies. We believe we have valuable assets and want to make sure we receive fair value for them. I will keep you informed of our progress.