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Re: dffhogs post# 92929

Friday, 10/26/2007 10:20:14 AM

Friday, October 26, 2007 10:20:14 AM

Post# of 114953
out of that amount only $50,000.00 was paid

50k? Man, Panamersa got screwed. Seriously though, as I understood it, the initial agreement called for payments to DeSimplex of $10,000 per month beginning in May while they were getting this thing started up. Hmm...Let's see....May, June, July, August, September. That's 5 months. $10,000 x 5 months = $50,000.

During all that time, it's obvious that they never got the software anywhere near up to par. I don't blame Panamersa a bit for not moving ahead with the rest of the acquisition.
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