This is the point I was making Cyclone did not receive $550,000
"Cyclone will initially receive $550,000 in development fees" CYCLONE HAS NOT RECIEVED $550,000! THey say they received $150,000.
"Our license with Renovalia provides them with worldwide rights to manufacture and use Cyclone Engines with their solar thermal solutions. Currently, we are developing with Renovalia a compact heat-regenerative engine (called Cyclone Solar I) to be coupled with their concentrating systems. For this, Cyclone will initially receive $550,000 in development fees over the following six to nine months as our work progresses (the first payment of $150,000 was delivered in Q2), and then on-going royalties on each Cyclone Solar I engine produced by Renovalia."
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Posted by: VistaViewer Date: Tuesday, June 09, 2009 11:29:21 AM
In reply to: feinanddandy who wrote msg# 15917 Post # of 15932
Yeah, who needs a problem like receiving $550,000.00?
That's terrible!
VV
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