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blue heron

08/16/11 3:20 PM

#21964 RE: montanamatt #21962

You don't need revenue to justify a good man in Finance. They are not bean-counters; they deal in the financial aspect of everything, including sales.

Transferring this technology is not just a matter of how much but of how. If we are dealing with a number of prospects about a number of products, and there is give and take going on about the structure of the deal(s), the close involvement of Finance is essential. This would be especially key if a transfer will require Torvec to fund some manufacture as someone will have had to have thought about how that is paid for.
I do not know what he has done, but no one can say it is nothing just because there is not revenue.

Honestly, it is so hard to listen in silence to some of these criticisms.
Fire away some of you. My Ignore setting is working beautifully.
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dabreeze21

08/16/11 5:16 PM

#21965 RE: montanamatt #21962

Blue heron doesn't know what he is talking about. DK has structured many deals...he doesn't need a high-priced CFO to do some easy number crunching. Lawyers know how to structure deals. If you have to you hire consultants/bankers to help you. You don't hire a CFO, pay him oodles of money on the off chance that you might make a big sale and you might need his expertise. IMO there is no big sale...this company is toast...what a long, slow, painful death it has been.

Looking forward to the day we issue shares to pay the rent again...dilution is fun!!!!