This from Phoenix Technology website. Saw another from May 4th. Have to dig on this one.
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EXCLUSIVE LICENSING AGREEMENT
The SCTN system has been exclusively licensed to Phoenix. This is a performance based license that stipulates a minimum of either, 6 (six) new signed license contracts for the first years; or, $400,000 in revenues in 2010 and a doubling of revenue thereafter until revenues reach $10M. Phoenix provides a fixed percentage of each revenue stream to SCTN, and Phoenix bears the operational risk. If Phoenix does not meet its performance criteria, the licensing agreement becomes non-exclusive.
LICENSED REVENUE COMPANY
The approximately 556M shares of SCTN common stock that are currently outstanding have paid for a significant amount of the state of the art patented incentive technology development that has allowed the company to produce a working model of its incentive system. SCTN is no longer a development stage company without revenues but a licensed revenue company with increasing revenues. The true value of SCTN is the potential as well as the actual amount of incoming license revenue that is and will be earned with the integration and rollout of the SCTN technology through Phoenix to an increasing customer base that is demanding this state of the art product.
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There is more DD on the Phoenix site and Bloomberg's site has info of the board members and their connections. Some are also board members to some well known tech companies but being board members and what actually is being worked on is unknown to me.
Looks like double zero's zone for now although another memo talked of financials soon so...???
