The well-funded lab in the sky
Posted on Wednesday, June 23, 2004 @ 21:20:06 GMT by vlad
|
|
Scott L Tygett writes (Sweet-VTA yahoo list): Getlepeople:
A recent post referred to mounting an effort to explain and/or exploit the BaFe phenomenon underlying the goal/promise of the Sweet-VTA.
Of the hundreds of ways of raising money for a Sweet-VTA program, I sort of wonder about the following.
Incorporate in one state like Utah, and list the stock through a NASDAQ market maker there in order to list it on the "pink sheets." This stock will be listed on the NASDAQ machines, but may only be purchased by individuals with over 2,000,000 assets or some special relationship with the company. The guy who gets the ball rolling on the project, should get a special block of stock at a discount, whatever he's worth. Pink sheet stock may only be "advertized" to individuals with over $2,000,000, including mutual funds.
If you don't want to go with an OTC stock, I've heard one can get in touch with a trust company that could set-up something for those of you who have 401K's but not $2,000,000 in net assets in case any of the posters to this forum strike you as on the verge of something. A lot of folks with just over $2,000,000 tend to split it with their spouses, not realizing how this makes them ineligible, without another relationship like industry interest.
I like the idea of putting some details into the prospectus: thin film experiments, eleven dimensional CAD modelling, 1,000 sample automated experiment -- though trade secrecy seems to be a little more affordable than patenting notions.
If you're interested in getting the information public, then have one prospectis for a public/educational charity investment, and another for a typical stock investment. The no-loss is compelled to sell thorough documentation of its work to a 501 c 3 corporation for educational purposes and to try to recoup investor losses as charitable deductions, if it fails. (If it succeeds, the information gets patented.) Actually, both coporations could probably go down that road, but some believe keeping around a dead shell of a corporation with a filing cabinet full of findings is more profitable in the long run, and I haven't researched it, so I couldn't tell you.
Just some thoughts, in case anybody thinks it takes 1,000,000 to raise 1,000,000. It might even be possible to get the initial filing fees ($2,000?) to pay for themselves.
And if the train doesn't get the $20,000,000 it wants to do a thorough job, which is a risk of the public stock mirage? Religion teaches that nothing happens without grace.
Great board, keep up the good work.
|
| |
Don't have an account yet? You can create one. As a registered user you have some advantages like theme manager, comments configuration and post comments with your name.
| |
|