Even if it is a typo, the letter seems contrived to me, you know? Points 1 and 5 - checkmark. I'm sure they knew that both of those would happen as they were doling out the compensation. Point 2 - what deems it a success? A contract? A promise by the DOD to keep it in the hangar? Certain as yet undetermined performance metrics? Points 3 and 4 - bring it on - and soon, please. 18-24 months is too long, and, without an airship contract in the meantime, the company will go down if we have to wait for substantial GTC money. Furthermore, a $500K contract is peanuts. The profit margin is probably 10-15%. And for that he gets a million shares? Puh-lease. Now, if they sell a groundstation - and they're certainly making it sound like one is in the works, that should provide some reasonable revenue. The profit from that probably keeps the doors open for at least 4 months.
Sorry, just not getting the warm and fuzzies from this tonight. Maybe I'll feel differently in the morning.
bank
