|Date: Thu, 28 Mar 2002
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.