QUITTER Oil Sands Major TERMINATED TDPA & SAVED $ 1 Million TDPA: Test Data Purchase Agreement
- so AXE RECEIVED $ 5 million {in CASH and SERVICES} from the THREE (3) major oil sands companies and NOT the $ 6 million ORIGINALLY PROJECTED
- Y (?) oil sands company MAKES BILLIONS of DOLLARS in FREE CASH FLOW per year and they were STINGY ENOUGH to DEPRIVE STRUGGLING Acceleware a MEASLY $ 1 million in CASH or SERVICES which they 'could' of USED JUDICIOUSLY
MyTake (?):
- I STRONGLY 'SUSPECT' that major oil sands company #1 is Suncor Energy:
* they were the FIRST industry investor in AXE and DELIVERED as PROMISED:
* $ 2 million in CASH & SERVICES including $ 50,000 in DATA REVENUES
- while ALL the milestones were NOT REACHED due to the RF XL FAILURE, the CONTRACT EXPIRED and the revenues were RECOGNIZED
- major oil sands company #2 (Y) SAW a WAY to SAVE $ 1 million and TERMINATED the TDPA
* $ 1 million in CASH & SERVICES including $ 50,000 in DATA REVENUES
* while ALL the milestones were NOT REACHED due to the RF XL FAILURE, the CONTRACT TERMINATED and the revenues were RECOGNIZED
- major oil sands company #3 DELIVERED as PROMISED
* $ 2 million in CASH & SERVICES including $ 50,000 in DATA REVENUES
* while ALL the milestones were NOT REACHED due to the RF XL FAILURE, the CONTRACT HAS NOT YET EXPIRED and the revenues will be RECOGNIZED when either the milestones are REACHED or the contract EXPIRES
* however, AXE has ALREADY RECEIVED the $ 2 million in CASH or SERVICES from this company
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