CurAegis Technologies Inc (fka CRGS)

[blue heron]

So many are getting so hysterical

--and I use that word in both its senses--that I have decided to waste my time making contrary observations.

For the first time, Torvec has disclosed the form of the specific proposal it has received (license), and for the first time disclosed the offering price given (!!), and for the first time signaled this is quite acceptable (!!), and for the first time indicated what brought the other side to terms (success with the Air Force). That is a succinct summary of negotiations not yet concluded!!
And it made quite clear what stands in the way of an immediate conclusion--the economic environment--so apparently the parties are in substantial agreement. Crisis or not, the proposal would not have even been placed on the table IMO if the other side deemed it ultimately infeasible. Personally, I do not hold our management responsible for the world-wide economic crisis, that is obviously Bush and Cheney.

As I say, this is new and considering the constraints of confidentialy, stunning, as we can be sure all this is done with the consent of the other party. To me that indicates we are nearly there. But how long that is no one knows.