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From: Don jessup (djessup72, yahoo dot com)
Date: 2002.01.22 - 16.58 MST
Thank You
--- Perry and Lorae Merritt <plmerritt, hypermall dot net>
wrote:
> Since Don asked, thought I'd drop you a quick note
> on the funding status.
>
> Last week it felt like we'd take one step forward,
> one step back and then
> one step sideways. This week doesn't look a whole
> lot better. The guy in
> Palm Springs is still reportedly in for a million
> and is trying to get some
> of his friends to come in with him to get us to our
> full funding amount. The
> friends want a better stock price than we offered
> and hence more ownership
> of the company. We're trying not to give the
> ownership of the company away
> and we also want to maintain a pool of stock that we
> can give our beloved
> employees. As a result, we've figured out a funding
> schedule that allows us
> to recieve 1-2 million dollars in the first round at
> a lower stock price and
> then subsequent rounds of funding will come at
> higher prices. Afterall, the
> further we get into development, the more the
> company is worth. Anyway, our
> contact, Iggi left for Singapore Sunday afternoon
> and won't be back until
> Saturday. There is a chance he'll contact the Palm
> Springs guy on Wednesday
> and let us know. Otherwise it will be a quite week
> on that front. Iggi is
> also showing our stuff to some Asian investors while
> he's there.
>
> We have a patent lawyer that will review and file
> our provisional patents
> this week for the same price as the patent office
> charges to file. Basically
> $160 per patent. He's doing it so that when we file
> our utility patents
> we'll use him. Utility patents cost upwads of
> $10,000 to file. Over the
> weekend I sent him the two patents. We're scheduled
> to meet the guy on
> Thursday. He also asked for a copy of our business
> plan executive summary.
> They work with two different venture capitalist
> firms and he said he would
> show it to them. We sent him the executive summary
> this weekend also.
>
> Wish I could tell you it's time to get off your
> butts and get to work, but I
> can't.
>
> P
>
>
> ----- Original Message -----
> From: "Don jessup" <djessup72, yahoo dot com>
> To: <antera, cryptofreak dot org>
> Sent: Tuesday, January 22, 2002 3:33 PM
> Subject: RE: Check it out.
>
>
> >
> > Any new news?
> >
> >
> > --- Kevin and Karen Martindale
> > <kevindm, mindspring dot com> wrote:
> > > Cool, Perry.
> > > It's this kind of stuff that makes me anxious to
> get
> > > back to work.
> > >
> > > Kevin
> > > -----Original Message-----
> > > From: owner-antera, cryptofreak dot org
> > > [mailto:owner-antera, cryptofreak dot org]On
> > > Behalf Of Perry and Lorae Merritt
> > > Sent: Sunday, January 20, 2002 8:22 PM
> > > To: antera, cryptofreak dot org
> > > Subject: Check it out.
> > >
> > >
> > > http://216.241.44.185/index.shtml
> > >
> >
> >
> > __________________________________________________
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> > --
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> >
>
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