Prez, Ice.Tech sales or not, the plant itself still only generates $11,000 a month. And how much of that money was from fertilizer sales? How can they show enough of a profit for anybody to justify a licensing agreement fee when the thing has still not shown a proit?
Would either of you buy the technology knowing the thing still has, to date, not make a profit?
Go back through all the PRIVATE PLACEMENTS, licensing agreements, grant money, loans, etc., etc., and see they have had ample access to enough capital to have built a full scale plant and operate it. Even if they built the plant and gave the thing away for nothing IBR would still have come out ahead in that they would have a full scale plant up and running for the WHOLE WORLD TO COME AND LOOK AT.
Now as far as the Shearator is concerned, the brothers own the patents and they are not about to fold that back into the company. It was spun off from IBR pre IPO as an inducement to get you into IBR pre-IPO. I have the paperwork to back that up.
Now if you are interested in knowing how the shearator works, contact me and I'll give you the lowdown on what it does.
And what it won't do.
And, so, when will the next private placement take place, flexy?