From Leitrim:
6. I guess my first question would deal with valuations..J.G said once at an Annual this Technology had the potential to make and/or save billions for the Industry players but that he was realistic and didn't "expect anybody to offer that type of money- all that they wanted and expected was 'fair' compensation...."( paraphrasing on memory) I would ask him what do they FEEL TOVC is REALLY worth- the whole smash and by part??
JG Evaluations: It’s the biggest misunderstood concept is the price of our stock relative to the market value of the products. We, by acct law, expense and carry patents on our books at a loss – zero value on our principal asset. The accts would have you believe the patents are valued at zero. So where’s the evaluation. IF they were to apply any kind of texst boodk evaluation for each of TVC’s products, the number is astronomical. I’ll illustrate: IN a recent article they talk about 5 million tranmisssions being use d for a certain car linee. We roughly save $1000per tranny than an automatic. Multiply 5M by $1000. Big number. 5,000,000,000 A YEAR in cost savings!! OK. Let’s take any cost analysis and take 10 years now mutiply that by 10 years. $50 Biillion dollars in cost saving to the car cos. Now, what % of that savings do you think TOVC is entitled to? Let’s do a formula. If I say 1% what will an auto offer: 0.5% If I say 2% they say 1%. So let’s take 10% of the cost savings over 10 years, the current value of that will be somewhere around d $2.5 Billion. That’s one to evaluate. Does that make a point. This is just a model, an example!!
"Don't confuse activity with results" - Crilly