Replies to post #3625 on Radix Marine Inc (fka RDXM)

[ctrumabll]

Great. More interpretive dance in the shadows (Thanks, AD. Your phrase, not mine, but it sums it all up).

"The owners of the GB 12 have elected to liquidate their investment."

Or, they got tired of waiting for Brad to do anything.

"We will continue to market the GB12"

Didn't he say it was unmarketable?

" We are working with a couple parties for a construction lease back arraignment that would be very beneficial to Radix Marine. "

Translation: Radix Marine, Inc. is so flat broke that it cant build a prototype. And since Radix has no money, no facilities, and does not own the rights to the boat design, what is Radix's part in this anyway?

"I met with a teaming partner this last week on some exciting security products that have been developed for land use and they are looking to get a marine version developed and we anticipate working with them on that. We hope to jointly market our products overseas."

Interpretive dance in the shadows. Mysterious people, mysterious product. Who will actually do any development for Radix? Radix does not have anyone on staff with engineering or boat building experience. And, since Brad has stated that Radix will not be an inventor's bank, what does Radix have to offer?

[cirlal123]

Goodspeed taking you for a ride again

He always says he is busy for X amount of time before he comes back with another update which spouts flowery language about prospects and never anything happens.

GB 11, has no engines, no electrics, no paintwork and is lying dormant in mud.

The cost to fix it up and make it into a demo boat even if it was a viable design would be at least $500,000 and possibly a million.

Radix has NO money and the company is being sued for millions by creditors. If GB 11 was made good it would be foreclosed on by the creditors as any other asset it may have.

So how the hell will Goodspeed finance the development of GB 11. In a previous posting he said he is still moving ahead with GB 12. Now he states that GB 12 is flawed.

There are no major flaws in GB 12. Swiftships have checked the boat and are very impressed with all features except for upgrading the pipe work, electrics and new production procedures to strengthen the hull manufacturing process which was not available in 1996 when the boat was first designed.

Goodspeed is as usual lying and Radix is a shell that is dead. Ity has no assets to even liquidate and if it does show assets they will be foreclosed upon.