| Date: Thu, 28 Mar 2002
10:53:22 -0600
Thanks Joel!
Much appreciated, and
I hope you are doing well.
Yes, you certainly
know the routine we've been through, and still have to face. You
already had it in spades.
The real hurdle is
now. Regardless of how we break it down, the research to finish the
beast (to go from a successful lab experiment) to a production device
rolling off the production line is a whopping $30 million. We have to
set up a major lab, with several fairly rare disciplines (geometric
phase, chaotic oscillation, the Russian system of control of nonlinear
oscillation, uncurled A-potential magnetic specialist, higher group
symmetry electrodynamic modeling, etc.). It's doable, but it is a major
project, not just an "assemble 'em!" project. So we have arrived right
at that "vertical cliff" that so far seems to have stopped every group
that made it that far.
But we are trying.
We're in serious negotiations with three parties now, but I view only
one of them as serious and a potential. As you know, most are just
wasting one's time, trying to set up some kind of deal, trying to obtain
exclusive patent rights (which isn't going to happen) and are not going
into any such venture anyway. We do have some very professional folks
assisting in selecting and helping in putting together the financial
packages, and they do have some very high level contacts in the
financial community. We'll just have to see how it turns out. This is
the real "period that tries men's souls".
So we now have to
continue the game until we get the necessary funding to proceed. It's
just about that simple.
Ah well! Nobody said
it would be easy. That fellow Joel McLain sure said it would be this
way! And it is.
Cheers,
Tom
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