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Re: jaxstraw post# 257357

Thursday, 01/30/2014 11:02:50 PM

Thursday, January 30, 2014 11:02:50 PM

Post# of 312101
It will be six months on February 15. There have been strategic changes in the business plan, a waiver has been obtained providing more time for the board to be appointed and the required qualifications for the board have been modified. Costs have been cut dramatically. Heddle invested three million dollars and is taking no salary. The company has stretched cash for four months without raising additional funds (I do anticipate there will be a funding).

Rauber lasted about a year, Bogolin was another waste of about four months. All of the compensation they received was a waste, or more accurately theft.

I'm very happy with Heddle.
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