InvestorsHub Logo
Followers 743
Posts 62005
Boards Moderated 10
Alias Born 10/05/2009

Re: big on behl post# 55048

Sunday, 10/11/2009 2:54:34 PM

Sunday, October 11, 2009 2:54:34 PM

Post# of 111729
Regarding pre-paid construction costs. Just ask yourself this. If you wanted to buy a $10 million dollar system, would you front the cash to a BEHL that has never done a construction project, does not yet have a full sized system in the field, and does not have the working capital to build and prove performance before getting paid? I had an order "offer" from Ford in 2000 for a $1,000,000 system (one of my patents), but I was in the stage BEHL is in now, and Ford offered me a performance contract, which I had to walk away from because I did not have the working capital to fund it, much less the cash to risk on a "performance contract", and the investors to fund it never showed up (the 2000 internet bubble, 9/11 and GWB killed any chances of getting it funded back then). They were willing to order it from me, but they wanted me to pay for it, own it, and share the savings Ford. Performance contract, a common practice!!!!!!!

9 years later I am still trying to get the first system funded and built.

Good luck getting it from a bank.