BTW.. went back to my notes...
Though you might want to check..
Catalytic Activated Vacuum Distillation (CAVD) technology
3/16/2006 IHDR.OB signs LOI to buy CAVD (source: PR by IHDR)
1) $500,000 fee for Europe
2) $100,000 per each European Nation (plant)
3) $250,000 per state (Plant)
4) 5% of Gross Revenues (no carbon or tire tipping)
Initial Payment of $100,000 to WESCO
8/14/2006 Note: IHDR 10Q 2Q06 Filed 8/14/06 Confirms LOI
- "We paid WESCO a $100,000 down payment"
- "Will also provide for WESCO to be paid a continuing royalty of $100,000 for each European country"
- "we will pay WESCO a one-time license fee of $250,000 per state for rights"
- shows the $100K as asset on balance sheet
3/16/2006 IHDR.OB LOI to purchase WESCO Mobile, AL Plant (Source: PR by IHDR)
1) $2,000,000
8/14/2006 Note: IHDR 10Q 2Q06 Filed 8/14/06 Confirms LOI
- "agreed to enter into a definitive agreement (LOI)"
3/27/2006 EFTI.OB to aggregate into USSEC (Source: PR by EFTI)
1) Liquid and Solid waste Technologies
2) RIGHTS to Balance Oil Recovery Systems
3) Various Carbon Technologies
4/4/2006 IHDR and EFTI/WESCO Proceed With Steps Under LOI (source: PR IHDR)
- due diligence confirmation
5/10/2006 USEI has acquired CAVD Licence EFTI.OB (Source: PR on USEI Web page)
1) 1,000,000 Restricted share to holders of Record (USEI low pps 5/10/06 = $0.31; licence price $310K)
2) EFTI receives 5% of revenues
5/10/2006 USEI.OB Sales Sub-Licence to IHDR.OB (Source: PR by USEI)
1) One-time $500,000 Fee for Europe ($100K down with 3 payments to follow)
2) $100,000 per each European Nation (plant)
3) $250,000 per state (Plant)
4) 5% of Revenues (no carbon or tire tipping)
5/22/2006 USEI 10Q 1Q 2006 NOTE 12 SUBSEQUENT EVENTS
- Says same as 5/10/06 PR
- Common stock issued as debt discount $366,026 Possible for this CAVD??? But IMO don't think.
8/17/2006 USEI 10Q 2Q 2006
- Nothing about CAVD
6/20/2006 Internal Hydro Readies Tire and Bio-Waste Division With Personnel Co-Located at Tire Remediation Plant
(Source: PR IHDR)
- Continues LOI
8/14/2006 EFTI 10Q 2Q 2006
- Several LOI with unrelated entities to license the technology for CAVD Reactors
8/29/2006 Energy Commander Unit for Certification and Production (Source: PR IHDR)
- system was sited with the cooperation of Earth First Technologies, Inc.'s (EFTI)
CAVD plant in Mobile, Alabama for engineering certification and production plans by IHDR
Thing is this.. You can PR all you want, but you damn well be right in the filings. I say 100K went to EFTI. Now are the going to PR... We changed our minds and the cash has now gone to EFTI due to a change in business plans.
Wechoose knows this story... LOL am I getting off subject?
