Notes are for private funding not a loan from the bank.
This funding could have come from Jarad himself. The company generates a note with 8% interest rate payable in one year term to someone who is willing to put up the money. This is not a bad deal because most interest rates are around 2-3.7% at the present time. However, it says NOTHING about how well the company might be doing.
What I found funny is... we are building "PROTOTYPE" They probably could not sell the idea that they will build a custom machine at ever new site. I have worked in industry. The GC2000 prototype design might be ready in months, but to build something that will process tons of material/hour and have it work is still unknown. It will be interesting to see what sort of excuses they come up with. One just does not build something like this overnight. Then comes all the testing, scientific experiments to make sure it works. Well their goes more money. I just wonder how much R&D they are planning to do BEFORE building the prototype and then how much AFTERWARDS. The GC2000 is way over their heads. Jarad's argument of wanting more money might be a his way of explaining it. However, I think they could not sell the "concept works" to someone with brains. Expecting a business to invest potentially millions in a concept only machine. You are talking millions of dollars to get a working prototype that can do what they are thinking. To helps others understand this. Does a car maker have test models before they fix most of the problems. And even then, the production model may have problems. This is the same thing with the GC2000 system. The pumps, seals, seperators, metal thickness, ect might work fine on the small scale. Yet, put this in a salvage yard and have it run 8-10 hours M-F and 4h on Sat. Things start breaking and then what? Is is a concept design problem or does one need to find a different seal, pump ect. There are thousands of seals and pumps, each designed somewhat differently. This fine tuning can take a lot of money and time to test.
Do not take just my opinion, others on this board have worked in industry and know that all wonderful concepts do not make it into a production model.
As for the increase in A/S... I am very upset by this. If the company is doing so well, then why do they have to dilute the hell out of the company.
As for the excuse for the delay in pens due to last minute change in the design. That is such a lamb excuse and tells me not to invest more money in this pink. The video was done to show the bottle filler, but they did not have labels for the bottles.
What are they really doing at EESO? They are in meetings far too often. They have not corrected all the mistakes on their old website. Lets see how well they do with this new one. So how many of you know what MSDS sheets are? (I do) This is much more for commercial application, rather than selling to the general public. It makes me wonder really the direction EESO is going. Are they a commercial supplier or really want to sell to the general public?
So what is the new A/S? I have not seen that number posted yet. Is it just 1B now?
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