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goodjuan

09/14/10 6:28 PM

#39854 RE: flyboy9 #39852

I'm interested in hearing this also..
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EarnestDD

09/14/10 6:35 PM

#39855 RE: flyboy9 #39852

Pretty obvious that Todd indicated he would finish the processor, pay out Aziz (whatever that would come to be agreed) and bank the rest.
And as he said ... he has over $3 million of R and D into it.
jmo
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toddfitz

09/15/10 12:39 PM

#39871 RE: flyboy9 #39852

"keeping it"? No, it would be feeding the beast, R&D, overhead, etc. My rent and utilities was over 30K/mos, payroll 80K, outside consultants were over 200K. The market value of the machine was 3M. I also wanted to buy a catalyst tech for a million. I wouldn't be "keeping" anything. I put everything back in to the business for over a decade.