Anyone remember "ULTRA ARMORING"?
I just had a very interesting conversation with them this morning.
They are not interested in KRYRON, but they are intrigued by it.
From the conversation I learned several things.
-the 7.5 mil committment of funding through Ironridge, even if it was ongoing and furnished as needed would not be a drop in the bucket for what would be needed for testing and validation to the point where any tactical armoring entities would think seriously about using KRYRON.
-John Bourque would have to be completely and permanently out of the picture.
-Complete disclosure about the product would have to be provided so the purchasing entity could determine if the KRYRON could be modified, improved, repaired in the field and a few other things I can't recall now. Without this there will never be any interest from any of the serious players in the tactical
armor industry. This is why JB stuck to his dog and pony shows
as a means to market and sell KRYRON Armor.
-The NIJ certification was just the beginning of the process
to validate the product. Saying the NIJ cert. is what you need for sales is like a 16 year old saying ... "OK, now that I have my driver's liscence I'm ready to drive in the INDY 500"
-JB could not answer some basic, but necessary questions about some of the charastics of KRYRON.
My conclusion as of now is: No one, not even JB is going to make another dime out of KRYRON unless they assign all intellectual property rights to an entity that state of the art testing,
engineering and sales/marketing capabilities for $1.00. Then get a royalty interest and pray the testing validates the product.
There are people out there that can do it, not many, but a few.
This is why JB has been doing the things he has been doing. He had the opportunity to do this easily when the stock price was in the multidollars and to this day probably still has enough cash
in the Full Circle Trust to do some of the thorough testing required. But he chose not to go that way and now has to resort to selling stock and back door deals to keep the doors (I mean
the UPS postal box) open.
And if CJ thinks she can do it, I'd love to see her plans. And by the way the new folks she said she has on board, especially the part time consultants/advisors have no clue as to what they are
getting into or what will be required.
I would bet that at this time JB would take a couple mill for his controlling interest and be happy.
Anyone know of some folks that have that kind of cash to get the ball rolling. Getting the right people would not be difficult ...
among others there is Robert Reiger.
You could also have a provision for stockholders as of a certain date be given options to buy stock in the new and clean entity at
a deep discount. That would allow us longs another opportunity to
participate and take another chance on KRYRON. It would still be a risk as we still (after 3 yrs.) do not know much about KRYRON
or what it's true capabilities really are.
But as BORK is today with CJ running the show or with even Sean "chuckles" Floyd involved ... it's toast and the "fat lady"
is flat out singing. You should be able to hear her right now.
And as always ... no offense intended to those of the heavy persuasion.
I'd like to hear what others here think about the best way to proceed because it ain't gonna get any better as it is!!!!!!!
