Replies to post #18253 on CurAegis Technologies Inc (fka CRGS)

[Artguy]

You speak like someone who has assembled cars or set up a facility to customize and/or build vehicles. Perhaps you are correct in your assumptions. Let us hope the whole idea is tested ASAP.

Working capital just arrived with that settlement, didn't it? I don't know why you think suppliers would have to wait a year to be paid, but no matter what terms would have to be negotiated, can there really be any doubt that right now would be one of the best times ever to negotiate with any auto parts supplier? I don't know the exact man hours required to turn a Ford cabover into a FTV, but Torvec sure seems happy to take on that challenge. Besides your distaste for Jim, what experience do you have with auto modification that makes you so sure this can't be done? On second thought never mind since nothing written here will speed up any production problems. I guess since you do have a small investment, if you can suggest any production tips to Torvec that would help with the potential production problems, tell them.

I guess it is good that you see a possibility that they can make some money. We seem to differ on how a big order would help make that happen and it seems like neither is going to agree. Fine, that's part of what makes this board worth any time. So laugh and complain if that helps you. Like I said, 'bring it on' has been the mission statement for the last couple of years, so I think the plan is already working.

When you consider the RIT chip fab experience, I would not be surprised if Torvec moved any fabrication site out of this state. Maybe Texas, not Pennsylvania, but out of a state that really, really, wants to install speed cameras on the NY Thruway. Nail you for 68MPH rather than cut the budget in an effective way. On the other hand there is that brand new ethanol plant between here and Utica that is closed. EOM

[bluewaterfind]

Factoring is how to finance this should they get an order. Look it up it is based on future receivables.

If they get a P.O. from the Airforce, Torvec can take the P.O. to a number of finance companies out there that will give them money based on the $ size of the orders. The finance company would get the receivable and take their cut first. More likely Torvec has already talked to some factoring finance firms as dabreeze you are right that the Airforce will want to know before hand how they will be able to finance any orders to manufacture.

A U.S. government P. O. is as good as it gets for this kind of thing. The cost would be higher then a convential business loan but not outrages. I have seen this done before with a company called Force Protection. They are the guys that make those bomb removing vehicles for the military that are suppose to be able to withstand a blast from those nasty IED's in Iraq and now in Afganistan.

Great message board.