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Prophetic10

07/13/14 2:28 PM

#19239 RE: JTORENCE #19238

Although I am as fed up as you and others are, I think that you are wrong about one item. Our DD does nothing to keep the doors of AFTC open. They are not making any money off shares that go into the company. No Dilutions for a long time.

But you bring up a good question inside of your comment. Where is AFTC getting there money to keep going? There has to be more contracts or grants then we are aware of.... Or this next letter from Kathy will be, We are out of money and done.

monda2frida

07/14/14 9:05 AM

#19242 RE: JTORENCE #19238

I disagree-Kathy is probably not even drawing a salary-that is AFT's biggest debt-accrued salary that will probably never be repaid. Jim ran the company for years, but who was the won who submitted the proposals (and won) the SBIR awards & the work with Argonne & the NSF? Kathy-who not only is now the president & director of the company, but is compiling financials(CFO), human resources, shareholder relations, payroll, etc. She is doing the work of 5 or 6+ people. This is what it means to run a small business-I know-I did it myself for a number of years. There is no indication that Kathy is trying to grow the company? How so? They have a small staff, and a contract with Argonne/NSF & work with a major defense company-sounds like they are pretty busy to me. I'm not saying Kathy is doing a fantastic job by any means, but keep things in perspective.

My DD has nothing to do with AFT keeping their doors open-they have been awarded contract work with a major defense company-it's work like that which keeps the doors open.