From: "Ransom Wuller" <[email protected]> Sent: Wednesday, November 19, 2014 2:20:57 PM
Blaze: That’s a good question. The license was only good for three years (based on a leaked example) and it relied on products being available for sale, otherwise it had no value. If IH had no plans for production during the remaining window (1 year or so), the license would have been worthless save for the right of the licensee to sue Rossi. Just speculating but the choice may have been to accept no sales through the term (with some hope to extend in the future), sue or a buyout. Just speculation on my part. Ransom I haven't found the license text yet, but here's a report on one of the biggest investors -- Roger Greene / Australia http://pesn.com/2013/05/17/9602315_Interview-with_E-Cat-Distributor-License-Broker_Roger-Green/ "Most people are putting in around $10,000." "I have put in more than anyone by far: $400,000," he said, which apparently has secured him a good chunk of Asia, along with Australia. "I've put my life savings in and mortgaged houses." He pointed out that: "If it wasn't emerging, and we sold one, then you could add a few more zeroes to these license [prices]." Roger's cut from bringing other licensees to the table comes in the form of equity, not cash. So the only way he makes money is when the units start selling (And it's distribution only -- manufacturing was Defkalion).
