It's really 9 million because they paid 3 million to get the deal done. With us paying for molds we will burn some cash. 50k-100k per mold. Tony was clear we're paying the convertible with shares but not how many shares.
Visser has produced for swatch. VERY GOOD!! Returning customers for new prototypes.
Think: Visser has, in the last MTA, secured LQMT's IP upon default. OOO thinks it is too valuable and will be auctioned off for greater than Visser's 15 million cost. I respect Oracle's view. I just think in the end this will be Visser's.
CC was what I expected. Visser's acceptance by swatch a surprise. The questions were almost all private investors and one fund. I'm still amazed at the AAPL questions. When I asked Tom how many molds we've paid for I was surprised he didn't know off the top of his head. I was cut off for my final question which is how many machines does Visser have? Is it more than two?
Tom keeps referring to this as a start up. Feels more like a wind down.
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