I spoke to John recently about this fall's expo. Whereas NV fully expects to have a market ready product to demonstrate by this fall, John does not rule out the possible it will be available much sooner. If it were to be completed sooner, it would be the result of the alliances and combined partnerships we are pursuing to bring our technology to market. With our corporate plan to license cu@ocx, we will need companies to make the chipsets/equipment and companies to use/operate this technology. These 800lb gorillas will have the human resources and R&D departments to develope our prototypes faster.
Each of our founding engineers did receive their 1,250,000 shares (10,000,000presplit) upon release of the predetermined milestone (lu verf.) they are promised more upon 1 billion in sales.
10,000,000 restricted shares of common stock have been delivered to an escrow agent and will be released to the New Wheel stockholders upon the achievement by New Wheel of a technological development milestone. Additional compensation would be paid to the New Wheel stockholders if New Wheel's high speed digital transmission technology generates revenues for the company in excess of $1 billion, or if there is a sale of assets or stock, or a merger of New Visual or any of its affiliates in which the New Wheel technology comprises at least 15% of the consideration.
