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From: Dan Oister (dano, gtme dot cc)
Date: 2002.04.23 - 21.39 MDT
X-Mailer: Microsoft Outlook Express 5.50.4133.2400
Guys,
First of all. Thanks for your patience. This has been kinda ugly.
I guess we couldn't forsee some of the world-events that impacted our
funding (Sept.11, terrorist funding paranoia, collapse of the Dutch
government, etc.).
The guys on the other side of the pond are trying very hard to get us our
money. They've invested many hours, meetings, and miles (kilometers) trying
to establish financial bridges to get this done. We just received another
message reiterating the May 17 - 20 window from the key 'fund raiser' in
Amsterdam. Its been, and continues to be a long haul to get funded. We are
not taking a passive role in the funding project, and we'll share the
details of our involvement at our 'just funded' party.
The upside: When we succeed, we will have raised $5 million on a business
plan and a powerpoint presentation. Our valuation will be $15 million, or
around 75 cents per share, with our technology still on the drawing board.
Not bad.
This positions us for rapid valuation when the product(s) are produced.
Its a darn start-up. I've done two so far, and they're like this. Then, it
gets really fun.
Thanks for hanging in there. There isn't a day that goes by when I don't
appreciate your patience.
Dan O
303-456-0103
----- Original Message -----
From: "Jay Miller" <jnmiller, colorado dot edu>
To: <antera, enigma dot cryptofreak.org>
Sent: Tuesday, April 23, 2002 1:31 PM
Subject: Re: Timeline
> - Words by Kevin Martindale <kevindm, mindspring dot com> [020423 10:20]:
> > I'm disappointed that this is all the further along the investor group
is
> > with setting up their fund.
>
> I agree. It's hard for us to say, I suppose, from this side of things.
> But it sure looks like they're acting a little carefree. I expect
> there's been a little bit of misinformation flying around - I can't
> believe everyone involved didn't know it would run (more than?) two
> months late.
>
> > BTW, what information in what we received is really to be kept private.
>
> I'm also curious about this - will Justin be able to hear about this
> stuff? (Oh, and lemme know if you don't receive an email from him this
> week.)
>
> --
> Jay Miller
> --
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