CJS,I think you are right. These guys keep doing a Lazarus job...

CJS,

I think you are right. These guys keep doing a Lazarus job with this company. If history is any guage, then they will keep it alive and it will come good. We may not end up owning as a big a percentage as we once did (or we'll have to kick in some cash to keep the same percentage), but from where I stand, I'd rather have a smaller slice of an actual pie than a larger slice of a letter from receivers.

As noted in a previous post, this deal looks FANTASTIC for all concerned. I think it isn't quite enough money to get us ALL THE WAY, but it gets rid of the Secured Notes (mostly) that have been hanging over our heads for years. It also puts cash into the tin to at least get us one step closer to the real goal, internally sales driven cashflow. My guess is we're $2m-$5m away from getting to that point. And that's a total guess, so please don't ask me where I got that number from as I pulled it out of my a____.

I know a few posters have been crooked on TOD and Lee, but I wouldn't want the job and I think they got in after it was really too late for the company. Seems to me like the other OD dusted most of the cash without thinking far enough ahead about sales, which we all know has a long, long lead time in this industry, particulary when you are bringing something that is so revolutionary to market.

I think TOD is underpaid and I'd like to see more reward by way of options for upside (ie when we win, he wins) and a larger slice of Lee's pay in that form (maybe 50%). I'm not saying they aren't motivated, I just think it makes it seem fairer to all shareholders. Those who do question how many shares they own would likely feel more comfortable if they had more skin in the game. I would love to see Lee make $2m a year because the shares tripled in price.