"In consideration of its development work for New Visual, Adaptive will receive cash and a royalty based on the Company's product sales and licensing revenues."
We are then told of the immediate costs, in a vague manner. But the obvious issue becomes how much MORE must we give away, this time as royalty per unit. More suspicion. More cause for caution.
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Posted by: Megamom In reply to: None Date: 4/22/2002 6:28:01 PM Post # of 3486
Answers from John Howell from today's PR:
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2) Will New Visual receive any instant revenues by alliance w/ them? Will revenues come after they make and sell NV's product?
JH) The agreements in question provide for development of the prototype and the eventual engineering of products that NV will sell. Revenues from those sales will be the property of NV.
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The revenue is ours, but we must then pay a royalty on it. How much must we pay per unit, 2%, 10%, 50% or what? We are told nothing. We have an agreement to use their technology. We pay a lot up front, but then what. How much more?
Another omission was made regarding the first revenues the film brings in. NVEI does receive the first revenue, but must immediately pay it out. In one hand and out the other. Not the perception by most here at the time. Management repeatedly choose to ignore that important fact in their replies for a long time. And it goes on and on.
Their history of omission must not continue into the future. It's time for the truth, the whole truth, contained in an official release. So it's up to Cooper to put it right in the future.
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