Sunday, January 31, 2021 7:12:48 PM
Remember this mister, the main task of a Penny Ceo in the early stages is to convince the Millionaire minded Investors to believe in what they say so they will lay-out more cash for them to work with? Anyone who thinks otherwise is a fool! Hopefully developmental cash, but every so often cash in their pockets...I've seen it a couple of times!
If manufacturing the CHS was the basis for the agreement, why didn't they just go for it then, while the NDSU fires were still burning? All they had to do was construct the Production system as Schematically patented, and have some Company produce it? The reason could be obvious...they didn't have enough money? Those guys were always cooking the EGGS before they were hatched, and disappointed many interested working Partners in the process? They just could not fulfill the agreed-upon terms with NDSU, who would not extend their Tenure, and had to leave without anything more they could do, contrary to the statement they made?
About 3 or so years folks, and nothing but fleeting words that were meaningless? And, they can't manufacture a system that is already Patented without an agreement with the Patentor/Licensor! If they have a new and better production system, let me know about it, so I can buy back in? I know many events took place, some progressive, some not so progressive, so to make Heads or Tails about where we stand can only be surmised! If someone read the contract with NDSU, and has verifiable facts, I am open to see their relevance to the whole matter? Then comes the agreement Krafty signed with Coretec, giving CRTG 8 days a month working time instead of 7! IMO, 8 days is only enough to sign agreement papers, not design them! With travel time, and expenses going from show to show, that may limit what can be accomplished?
So after the break-up, why didn't the Boys manufacture the system timely, unless they couldn't do it legally? They would then have to make meaningful changes to the CHS production machinery if legality was the issue? Kraft was so outspoken about the Patent, and the product being theirs, maybe he didn't know the ramifications regarding the Break-up? Remember, he isn't a Lawyer, only a basic Salesman? It would have been wiser for Kraft to develop the CHS product to a more advanced state, where he would then have the right to manufacture it as planned in the Patent document, as every product change requires a corresponding change in the manufacturing system!
The Boys should have said that the Patent area in question was "OPEN," not "THEIRS" as they declared right after the break-up? Nothing was theirs, just open for further development? It just sounded too fishy to me? Knowing that they had money problems, wouldn't it have been better to do whatever he had to do to save CRTG from that break-up? In any case, Crtg and KRAFT weren't ready for the "Weight" of the situation they got themselves into, and just thought, presumably, that money problems can be handled later after agreements were signed, but who knows, it was certainly more complicated than anyone could guess, as details of that sort, problems or negatives, will never be disclosed?
Did they ever say that they had a patent for the new production system, so they could have it built? What was the product target, production equipment or the CHS+ product it? Does anybody know for sure? What is the U-of-Michigan working on? It makes sense that they are working on a new production system for the New CHS product? Why, they cannot use the OLD Machinery/System Patent still in NDSU's hands, as that would be infringement if there was no agreement! Then a New system suggests that there is a new and better CHS that is being worked on, or is in the Patent process as we speak? Maybe the Chemists at the U-of-Michigan are working on a new CHS+, and some other Company has the facility to build it without any problem? Of course, this is IMO only, and expect many of my thoughts to be rejected, as no one knows more than what the CEO Kraft PRs tell us, which are mainly focused on the highly popular the Industry we are in is, and the Trillions of dollars projected over the next so many years?... GLTA....
Recent CRTG News
- Form 8-K - Current report • Edgar (US Regulatory) • 06/18/2024 01:30:17 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/08/2024 01:31:20 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/08/2024 01:30:18 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/06/2024 09:01:32 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/14/2024 03:07:40 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/06/2024 02:51:56 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/08/2023 06:06:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/31/2023 10:43:10 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/31/2023 10:41:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/31/2023 10:40:37 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/31/2023 10:38:33 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 10/31/2023 08:36:42 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/11/2023 12:24:21 PM
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