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Dana Dana Blankenhorn has been a business journalist for over 25 years and has covered the online world professionally since 1985. He founded the "Interactive Age Daily" for CMP Media, and has written for the Chicago Tribune, Advertising Age, and dozens of other publications over the years.
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Moore’s Law defines the history of technology. It held that the number of circuits etched on a given piece of silicon could double every 18 months as far as its author, Intel co-founder Gordon Moore, could see. Moore’s Law has spawned constant revolutions since then, not just in computing but in communications, in science, in a host of areas. Moore’s Law applies to radios, and to optical fiber, but there are some areas where it doesn’t apply. In this blog we’ll take a daily look at new implications of Moore’s Law in real time, as it rolls forward to create our future.
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January 20, 2006

Angel (Investors) in America

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Posted by Dana Blankenhorn

NOTE: I'm promoting this to the top today because of its comment thread.

When I first interviewed Richard Wingard back in September, I thought little of it. He seemed to have a clever way to research basic research, using individual investors. He promised new technology enabling video compression on cellular and dial-up lines. Cute.

Then some of Wingard's investors started commenting here. The number of comments grew and grew. They've turned this comment thread into their own little clubhouse, swapping takes and rumors on the company's promised sale, which in the interview Wingard said would happen some time this year.

Interesting. Enjoy the thread, and if you're part of it, thanks for visiting. We do other stories.


angel_investor.gifRichard Wingard has figured out a way to fund cutting-edge technology with angel investors, and hold them in their investments for nearly 7 years. (The picture is courtesy the University of New Hampshire alumni association.)

Wingard runs Euclid Discoveries, which is working on an object-based video compression technology he says will deliver 10 times the performance of MPEG-4, enough to "turn your iPod into a DVD player."

And he's done it all with angel investors, who are best-known for backing only early-stage customers. Wingard has rejected the entreaties of venture capital firms, saying their time frames for pay-outs are too short. Yet he has succeeded in getting angels who will wait as much as 7 years for a private auction of his technology, and a distribution.

Want to know how he did it?

  1. Communication -- Both Wingard and his partner spend an incredible amount of time communicatiing with, and preparing communication for, the investors.
  2. Validation -- Wingard hired Charles River Associates (now known as CRA International) to validate his claims, and value his claims, before asking for new investments and higher valuations.
  3. Patents -- Wingard aggressively sought patents for his technology and now claims valid patents on video compression techniques he's using dated as early as 2004.
  4. Exit Strategy -- Wingard has been clear with his investors from the beginning on exactly how and when they will get their money out, through a private auction of the technology, when it is ready for commercial deployment.

"There are more angels out there than in the past 5 years," he concludes. "We’ve now got a very good model, about getting investors, about maintaining them through the long haul of R&D."

This may be how U.S. R&D gets done in the future, so give Richard Wingard a hand.

Comments (423) + TrackBacks (1) | Category: Business Models | Consumer Electronics | Investment | Moore's Lore | computer interfaces


COMMENTS

1. Steven Leach on September 9, 2005 03:06 PM writes...

Understand Microsoft is purchasing euclids technology.

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2. Jim Turner on September 12, 2005 10:38 AM writes...

Having followed Euclid for several years, this is the first I have heard of a sale. What is your source for this statement?

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3. J SCHWAN on September 12, 2005 02:03 PM writes...

WHO SAID THAT MICROSOFT BOUGHT EUCLID DISCOVERIES? LOTS OF RUMORS GOING ARROUND!!!!!!

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4. Ed Wood on September 15, 2005 12:15 PM writes...

I understand that you are under the impression that Euclid Technologies will not be ready for the "auction" until early next year. I'm curious to why you hold that postion.

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5. Ewood on September 15, 2005 04:28 PM writes...

Mr. Blankenhorn thank you for your prompt reply to my inquiry.

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6. Steve Shapiro on September 15, 2005 08:10 PM writes...

I don't think anyone knows when Euclid will sell or to whom.

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7. Steve Shapiro on September 15, 2005 08:15 PM writes...

I don't think anyone knows when Euclid will sell or to whom.

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8. TGarp on September 15, 2005 09:14 PM writes...

If they even have anything to sell at all...

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9. eddie masterson on September 19, 2005 09:51 AM writes...

what is euclid Technologies worth, can it do what they say, make i pods store 1000 dvd on one unit...............ecc.ecc...... thanks bruce rogers

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10. VICTORIA CLARK on September 19, 2005 04:59 PM writes...

Euclid IS going to happen, and it IS going to be big! Wahooo!

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11. Steve Shapiro on September 20, 2005 04:51 PM writes...

I wonder where Ms. Clark gets her information.

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12. VICTORIA CLARK on September 21, 2005 07:38 AM writes...

Anything Bobby Werner accomplishes is a success. It is a long process for an invention of this magnitude but is is going to be worth the wait.
(personal opinion)

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13. CMoore on October 24, 2005 04:00 PM writes...

How many people have been tracking Euclid? I thought I was the only one because I have a certain interest on when it is selling...

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14. NHall on November 21, 2005 11:45 AM writes...

CMoore....are you one of the angels? What's the lastest on the proposed sale date?

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15. TeddyK on November 28, 2005 11:18 PM writes...

Is it still 1000dvds on 1 dvd compression ratio or have they since changed that claim?

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16. Dewman on December 6, 2005 09:37 AM writes...

Sale date around the middle of January 06

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17. ANGEL on December 9, 2005 04:10 PM writes...

Do you know the "BARTENDER"?

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18. ANGEL on December 9, 2005 04:11 PM writes...

Do you know the "BARTENDER"?

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19. DaDa on December 14, 2005 10:40 AM writes...

How reliable is your information, Dewman?

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20. Tiny Angel on December 15, 2005 12:16 PM writes...

Dewman, That's crap, they are hoping to show the IP (intellectual property) to targeted companies who may be interested. They are going to have to make a bid, just to be involved before they see the actual technology. It will rule out those who cannot afford to be in the game. That may happen in January. Hope it will be sold sometime in 2006.

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21. tiny angel on December 15, 2005 12:23 PM writes...

Just posted a great web cast by Mr. Werner. If site does not show up on this message I will repost in next message and you will have to cut and paste

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22. tiny angel on December 15, 2005 12:26 PM writes...

http://radio.weblogs.com/0144216/2005/10/19.html

Go to this site and click on the speaker, for some good info on Euclid

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23. Angel 2 on December 15, 2005 03:56 PM writes...

To Tiny Angel, That interview with Bob was very interesting. Even though it has been a long road, it is going to be worth it. All angels should go to that web site.

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24. dewman on December 18, 2005 09:12 PM writes...

We had a meeting in the middle of Nov. They layed it out for us. Hopefully by the end of Dec. they will have the bank pecured.
Then like Tiny Angel said they will show the IP to interested parties. Hope by the middle to end of Jan. it will go out for sale. In early Feb. they will have the auction. After auction the buyer has (1) month to pay. Then it has to set in a bank for (1) month to save us 2.5% California tax. Hope by April we will be paid. We will see.

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25. Tiny angel on December 19, 2005 06:32 PM writes...

Another article on Euclid

www.law.com/jsp/ltn/pubArticleLTN.jsp?id=1133517916906&rss=ltn

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26. angel2 on December 23, 2005 09:50 PM writes...

Dewman, Where was the meeting at in Nov.?

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27. Angel2 on December 23, 2005 09:56 PM writes...

Tiny angel, That was another good article. Do you know where anymore are?

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28. AZAngel on December 24, 2005 09:31 AM writes...

I also would like to know where that meeting took place.

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29. Jimmy T on December 27, 2005 02:15 PM writes...

FYI - Euclid recently filed their 15th Patent Application. Visit The Data Compression News Blog at: http://www.c10n.info/archives/289

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30. tiny Angel on December 28, 2005 12:50 PM writes...

Here is a minor mention of Richard Wingard and Euclid. Not much new but we are all hungry for every little hint of what is to come


http://www.businessweek.com/smallbiz/content/dec2005/sb20051216_023190.htm

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31. Tiny Angel on December 28, 2005 04:38 PM writes...

Any of you guys get the "Globe"? If you did, you will know what I am talking about.

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32. dada on December 30, 2005 02:16 PM writes...

Tiny Angel, why don't you just tell us what you're talking about? Tell us what's in the globe.

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33. Tiny Angel on December 31, 2005 08:53 AM writes...

Sorry dada, glass globe from Euclid as a Christmas present. Not sure if all Angels got them or not. Maybe I was just one of the lucky ones. Was trying to determine if any of the other posters on this blog are really angels.

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34. Anonymous on December 31, 2005 02:52 PM writes...

ANGEL WHO DO YOU THINK YOU ARE,tiny angel?

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35. ANGEL on December 31, 2005 02:55 PM writes...

did you get the COOKIE JAR TOO AND THE CAP.

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36. AZAngel on December 31, 2005 06:45 PM writes...

Tiny I got the "Globe" but it certainly did not make the picture any clearer for me. Did you attend the November meeting Dewman referenced?

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37. TinyAngel on January 1, 2006 10:45 AM writes...

I know who I am, I am an investor in Euclid. I am just trying to get some sort of dialogue going on this site with others who have an interest. I am sorry that offended you, anybody posting as anonymous, doesn't count for much in my world. Geez a couple of touchey people on this blog,

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38. TineyAngel on January 1, 2006 11:07 AM writes...

AZ I did not attend the meeting Dewman talked about. However I am tight with but not part of the top guns of this company. From what I have seen and what I know, they have everything they say they have and more. They have stratospheric valuations and a clear and concise exit strategy. They are ready to go to sale or auction now. The only question is will they get the price they think they are worth. If they do there are going to be alot of very rich angels and you can take that to the bank.

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39. TinyAngel on January 1, 2006 11:37 AM writes...

One more comment, I gave one of my kids the Apple Video Ipod for Christmas, she told me it took 43 minutes to download one episode of Desperate Housewives and it cost $2. Euclid will allow that to happen in seconds, on an existing MP4 format player. Tell me what just that one function alone is worth?

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40. TinyAngel on January 1, 2006 12:04 PM writes...

By the way Angel, you bring alot to the table. I don't give a crap about your snide remarks. I don't know the "BARTENDER", and I did not get a "COOKIE JAR" or a "CAP". Thanks for the significant input. You give yourself away as you are the only one on the board who types in caps.

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41. Steve Shapiro on January 1, 2006 01:54 PM writes...

Let's hope the deal gets done early in 06 so that we can all have a happy new year. The globe was a neat idea and I hope the whole world will know about the big E.

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42. AZAngel on January 1, 2006 01:56 PM writes...

Tiny, I also am an angel with Euclid and have been since the beginning. I did get the CAP(5 yrs ago) and the COOKIE JAR(last yr). Like you, I would love to have a dialog with others in my position. As I have read the latest postings, this site, Werner's ICast, and others, they talk about communications with their investors being a top priority? R Wingard used to put out the "CEO Link", but that has stopped. When I need an update, I call Richard and get "the lastest". I'm getting more excited as things seem to be coming to an end. You indicate that you are "tight" with the top guns; I'd like to talk to you off line if possible. Can we make that happen?

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43. TinyAngel on January 1, 2006 03:13 PM writes...

AZ,

I got a coffee cake last year, and a golf shirt with Euclid logo, must have run out of cookie jars. I have bought in at different times, did not get in at beginning, was invited but too conservative at the time. Course cost me more each time. Send me your E-mail address or phone # at Eucliddis@aol.com. Just a name I set up to keep us anonymous. Sorry Angel maybe I insulted you when I should not have. I apologize. I hope we are all here for the same reason.

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44. jj on January 2, 2006 07:47 PM writes...

I am an investor in euclid and I have had my dought's for a while but I believe that January will be big.

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45. ANGEL on January 3, 2006 05:50 PM writes...

TinyAngel I apologize to you,but after 6 years of rumors i did't know if you was for real.I did't get a globe so i did't know what you was talking about.I HOPE we can talk about EUCLID a little better.I'M SORRY ABOUT THAT.

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46. Tiiny Angel on January 3, 2006 06:00 PM writes...

Thanks, Angel, I think we are near the end of a long wait. Let us hope they have what they say they have and somebody is going to pay us what they think it is worth. It will be a great 2006 for all angels great and small. As Clarence said " everytime a bill rings an angel gets his wings". Lets hope we get the ching,ching, ring, ring of a big time cash register. All the best,

TA

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47. Comp.Guy on January 6, 2006 04:21 PM writes...

Very interesting topic. When is the exact date of the 'auction'? How come this compression company doesn't have an exact date for it? Is their technology even complete or are they just selling what they have so far in compression theory? Thank you.

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48. Steve Shapiro on January 6, 2006 04:45 PM writes...

If they are ever going to sell, this is the best time. All of the biggies are promoting video content on everything...but, no one talks about the time it takes to download. If Euclid can do it fast, they couldn't have picked a better time to show it and sell it.

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49. AZAngel on January 14, 2006 12:36 PM writes...

What happened to the postings(9)yesterday? KYangel, Hopefulangel, and Tinyangel?

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50. tiny angel on January 14, 2006 06:51 PM writes...

No idea, can't imagine there was censorship, I don't think anything was amiss

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51. Tiny angel on January 14, 2006 07:12 PM writes...

I wrote a e-mail requesting information as to the reason for the missing messages. Will post answer if I receive one.

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52. Littlest Angel on January 16, 2006 11:05 PM writes...

Does anybody know if Euclid has actually begun the sales process? The so-called "keeping investors informed" is a crock! We haven't gotten any real news about our investment in over a year! I'd just like to have a truthful and convincing communication from Richard and Bob instead of smoke and mirrors!

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53. AZAngel on January 17, 2006 10:14 AM writes...

Littlest Angel, I too am a pretty small player with Euclid and share your frustration relative to communications from the company. Maybe the investment needs to be in the six figures before R or B will talk with you. It's been six long years now and there certainly seems to be a perfect storm brewing relative to the opportunity to finally sell the technology. All the talk lately is about the "communication" with investors that has allowed them to keep their angels at bay for such a long time. I agree, what communication? If we have what they say we have, the opportune window is now and will quickly close as others will jump on the opportunity and come to market with their own solution. Oh well!

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54. Littlest Angel on January 17, 2006 12:52 PM writes...

AZ Angel, thanks for your remarks. I'm glad to know I'm not the only one who thinks the small investors are totally out of the loop. And, my phone calls to either R or B have resulted in outright "tall tales" (I hesitate to say lies, but on two different occasions B told me they were ready and would begin the sale in a few days.....) And the mail-out for voting to keep them as CEO and Pres was another slap in the face. Apparently somewhere and with some investors they actually had a meeting!

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55. Kyblue on January 17, 2006 01:22 PM writes...

Don't hold your breath if your relying on B's word. He hasn't told the truth yet. They don't have anything or we would have heard by now. Even the dumbest of businessmen couldn't pass up this atmosphere to sell in. I'm afraid we all have been dealt a rotten hand.

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56. Littlest Angle on January 17, 2006 02:44 PM writes...

Kyblue, you really know how to burst a bubble pretty quickly. Do you this B's interview with the radio talk show guy was just a bunch of malarky or is there anything to sell? I hope we haven't been duped, but I've thought for the past two years that they'd come through soon and haven't. It's pretty discouraging to think that we've all been duped by these two.

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57. Littlest Angle on January 17, 2006 02:45 PM writes...

Kyblue, you really know how to burst a bubble pretty quickly. Do you think B's interview with the radio talk show guy was just a bunch of malarky or is there anything to sell? I hope we haven't been duped, but I've thought for the past two years that they'd come through soon and haven't. It's pretty discouraging to think that we've all been fooled by these two.

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58. kyblue on January 17, 2006 03:49 PM writes...

I'm sorry to bust your bubble. I represent a group with waaaay more than six figures involved and so far he hasn't told us one thing that has come true or at least that we can verify. We have been told that we are looking for an investment banker for months now. They aren't hard to find!

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59. Littlest Angle on January 17, 2006 04:56 PM writes...

Kyblue, I was told that they were looking for an investment banker in March of 2003! I think B's good ol' boy approach is wearing a little thin and I'm not sure about R......he's still a mystery, but I thought he was a little more trustworthy than B.

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60. Tiny Angel on January 17, 2006 05:25 PM writes...

Guy, I think you underestimate the staggering amount of work that goes into groundbreaking technology. The last thing we want is for some big company to steal the product and keep us tied up in court for the next 10 yrs as we fight over Intellectual property and who owns it. They are still getting patents to protect against that. I don't think it is about getting a bank, it is about being able to prove and protect the product. From what I know, nobody is close to having anything close to what Euclid says they have. I am sure it is not easy to design, build and sell a product for billions of dollars. That is why it is high risk and high reward. If it was easy Microsoft would have built it by now.

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61. Tiny Angel on January 17, 2006 05:25 PM writes...

Guy, I think you underestimate the staggering amount of work that goes into groundbreaking technology. The last thing we want is for some big company to steal the product and keep us tied up in court for the next 10 yrs as we fight over Intellectual property and who owns it. They are still getting patents to protect against that. I don't think it is about getting a bank, it is about being able to prove and protect the product. From what I know, nobody is close to having anything close to what Euclid says they have. I am sure it is not easy to design, build and sell a product for billions of dollars. That is why it is high risk and high reward. If it was easy Microsoft would have built it by now.

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62. Tiny Angel on January 17, 2006 05:27 PM writes...

Any of you non believers want to dump any of your units at a discount, I could use a few more.

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63. Littlest Angel on January 17, 2006 05:50 PM writes...

Tiny Angel, It isn't that we're non-believers, we'd just like to have Richard and Bob tell us what's going on rather than give us false hopes or erroneous statements. I think the gripe from a lot of us is that we have not been kept informed about what is going on and when we have inquired they've fabricated stories to justify the delays rather than just tell us the truth. I appreciate the amount of work that goes into the technology and have appreciated it for 6 years, but would like to know that they are at least close to having a product to sell. They tout the product on a radio show and in interviews but say nothing about this to their investors. We'd just like to be kept informed.

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64. tiny angel on January 17, 2006 06:09 PM writes...

Amen to that!

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65. AZ on January 17, 2006 07:49 PM writes...

Wow! A lot of points of view! While communication with the investors has been weak at best, I do still believe they have something. Technology of this magnitude is bound to have some bumps in the road. The times that I've spoken to R, he has always been cautious relative to his comments and promises, apparently R differs from B. Anyway, I think we'll all know whether this thing has legs in a few short months. I'm still a cautious believer, hopefully not ignorantly! Comments that we are starting to get is the product of lack of information and not necesarily fact.

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66. AZAngel on January 17, 2006 08:20 PM writes...

I'm with Tiny! If anyone has units they want to sell, let me know. I'll take them!

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67. Sherwoodlikemoney on January 17, 2006 08:38 PM writes...

Do you suppose R and B read any of this stuff?
We need the CEO links that were promised. Whether we have a small investment or large one, we still need to be kept up to date on the process and progress of this sale.

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68. Hopeful Angel on January 17, 2006 09:29 PM writes...

I agree we need the CEO links. I don't know if R and B read this or not but somehow they should be made aware that their investors are restless. They may think we're all angels, but I imagine if we all discovered we've been duped we could turn into devils overnight! I think it would be in their best interest to keep their investors informed at every step right now. Even if they don't read these blogs, their potential buyers might and may just wonder what kind of company they're being wooed to buy and if they really have what they say they have!

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69. Littlest Angel on January 17, 2006 10:27 PM writes...

After reading the Business Week article quoting Richard, I wish I was a milk farmer in Georgia -- apparently Wingard likes him enough to fly to Atlanta, rent a car and "yuck it up with him..."
Gosh, wish he'd yuck it up with me and let me know when he's going to sell the technology he promises will change the MPEG industry forever.

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70. tiny angel on January 17, 2006 10:36 PM writes...

All we have to do is paste this link in an E mail to info@eucliddiscoveries.com

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71. Hopeful Angel on January 17, 2006 11:22 PM writes...

You'd think the high-priced PR agency and the other "advisors" who are on the payroll would monitor the internet and keep their Euclid clients abreast of any negative feedback. If the PR agency was worth its price, they'd advise those guys to keep their angel investors happy. A tacky crystal globe with a computer chip inside certainly doesn't take the place of reliable information to those who are paying their salaries.

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72. Hopeful Angel on January 17, 2006 11:25 PM writes...

By the way, guess who directed me to this blog? My stockbroker and my accountant!!!! Both are aware of my investment and both are extremely skeptical of the investment I've made. I'm hoping to be able to laugh all the way to the bank, but frankly after reading this blog, I'm more than a little concerned that I've been the victim of a huge con!

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73. tiny angel on January 17, 2006 11:54 PM writes...

You have a couple of guys on this blog, ready and willing to buy your units if you really think you have been conned. Just give us the word and we will be happy to refund your purchase price. If you guys are that sure you are being screwed put your money where you mouth is. I will, post 43 will tell you how to get hold of me, and I have others in line who would love to take a shot at this.

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74. Hopeful Angel on January 18, 2006 12:36 AM writes...

IF I wanted to sell my shares, I wouldn't consider selling them for less than the last offering price of $7500 per share. If you're willing to pay that, then I MIGHT be interested.

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75. tiny angel on January 18, 2006 08:33 AM writes...

Let's talk, E-mail me at Eucliddis@aol.com

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76. Sherwoodlikemoney on January 18, 2006 08:50 AM writes...

Hey Dewman!
It's the middle of January - what do you know?
(Reference #16)

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77. Dewman on January 18, 2006 09:04 AM writes...

I'm here, I beleive we will hear something so. I could use some more share also. Thanks

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78. dewman on January 18, 2006 09:05 AM writes...

soon

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79. Tiny angel on January 18, 2006 10:17 AM writes...

This is great, at least we are getting an active blog and the more the merrier. Jump on board guys everybody is welcome. If they won't give us info we can band together and pool our collective knowledge.

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80. Hopeful Angel on January 18, 2006 10:41 AM writes...

A reliable source says the sale is imminent! My source is in daily contact with R and B so he should know what he's talking about. If they're telling him the truth, then the sales process has actually begun.

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81. long timer on January 18, 2006 10:52 AM writes...

any appts. scheduled yet ??

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82. Hopeful Angel on January 18, 2006 11:25 AM writes...

Supposedly Bob is in New York getting media training from the PR firm so he'll know how to talk to the press. Maybe they'll emphasize being truthful!!!!!

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83. KY Girl on January 18, 2006 11:29 AM writes...

March!!!!!!!!! Any skeptics out there want to sell their units?

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84. long timer on January 18, 2006 11:32 AM writes...

thought he was talking to the banks ... again...started talking to banks in 2004 ...lol...
I think he already knows how to talk to the press

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85. KY Girl on January 18, 2006 11:33 AM writes...

March!!!!!!!!! Any skeptics out there want to sell their units?

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86. long timer on January 18, 2006 11:35 AM writes...

not supposed to be able to sell them to others. ... supposed to offer them back to the co. or LLC.
nows the wrong time to be selling at any price ... I would buy as many as possible if offered

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87. long timer on January 18, 2006 11:40 AM writes...

what happens in march ?

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88. tiny angel on January 18, 2006 12:19 PM writes...

Hopeful, geez talk about changing your tune. Yesterday we were being the victims of a huge con, and you were willing to sell your units for 7.5K. Now the sale is imminent. I would not count on that. I think they are working to that end, but I am not sure they are close. I don't think the LLC can sell, but not so sure about individual investors. Will have to read offering.

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89. tiny angel on January 18, 2006 12:28 PM writes...

This is a message that Jimmy T posted on another site, I took the liberty of posting it on this site, as it is informative. I hope he doesn't mind or if he also monitors this site I hope you are OK with this.
Considering some of the most recent postings and concerns, perhaps the following need to be considered:

1. On December 21, 2005 Euclid filed their 15th patent application: http://www.c10n.info/archives/289#comments
You don’t attempt to bring a product to market until you are sure your product is secure.

2. As you will note from Euclid’s web site they have two of the top-rated law firms in the country for patent filing and litigation, and CRA International, a world wide consulting organization in the economic ($) evaluation and marketing of intellectual properties. Click on their respective logos.

3. While B & R may have had the best intentions with the information at hand at any given time, I think we can all agree that once the attorneys get involved time slows down.

4. In any company there is always a requirement for a quiet period leading up to the end.

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90. long timer on January 18, 2006 01:15 PM writes...

tiny, call me. b

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91. long timer on January 18, 2006 01:30 PM writes...

just missed your call ... please try again ... any time B

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92. tiny angel on January 18, 2006 02:45 PM writes...

Business week article

http://www.businessweek.com/smallbiz/content/dec2005/sb20051216_023190.htm

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93. georgiapeachangel on January 18, 2006 02:49 PM writes...

Hey, I'm new to the blog, but I did just confirm via a phone call to Liz Marmion, the marketing person for Euclid (who is also Richard's stepdaughter) that Bob is in New York training for PR and media presentations. So, is that a positive move or not?

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94. hopeful angel on January 18, 2006 02:57 PM writes...

I think there's more than one of us using Hopeful Angel, so I'm changing mine to 1999Angel! But I'm still hopeful!!!!! I'm the one who said a source said Bob was in NY and I've talked to him again today and he says things are beginning to move....whatever that means....no appointments yet as far as he knows.

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95. tiny angel on January 18, 2006 02:59 PM writes...

Sounds positve to me, you don't do that to keep the angels happy. I expect they feel they will have to field a barrage of media attenion when this thing really gets rocking! Good for them.

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96. mr patience on January 18, 2006 03:42 PM writes...

all of you are babies.quit whining. it is an investment not a guarantee, go buy a cd if you want a guarantee. my advice is to sit down, shut up and be patient.

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97. Angel2 on January 18, 2006 03:55 PM writes...

tiny angel, I guess I will be the sacrificial lamb, is "B" Bob W? If so what did he tell you when you called him, if you do not mind telling us?

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98. kyangel on January 18, 2006 03:59 PM writes...

I told you it was going to happen, and going to be big.

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99. OtherAngel on January 18, 2006 04:12 PM writes...

Is there ANYONE here who knows what is REALLY happening ..... taking into account all the false alarms amd crap spread around by those who should know better?

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100. KY Girl on January 18, 2006 04:16 PM writes...

Been in on this from the beginning...March...What do you think he's doing PR training for? I guess you all have not seen the recent article.

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101. 1999Angel on January 18, 2006 04:17 PM writes...

Mr, Patient....I think those of us who have been in this since the beginning have been very patient and at some time or other each of us has had a different story from Bob, so you just keep on being patient. Mine's about to run out!

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102. KY Girl on January 18, 2006 04:17 PM writes...

Been in on this from the beginning...March...What do you think he's doing PR training for? I guess you all have not seen the recent article.

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103. 1999Angel on January 18, 2006 04:19 PM writes...

What recent article are you referring to? I'm not aware of an article.

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104. OtherAngel on January 18, 2006 04:19 PM writes...

KY Girl.....yes I can let you have some for $10,000 per share.....

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105. Sherwoodlikemoney on January 18, 2006 04:26 PM writes...

I would be pleased to know EXACTLY where we are in the sales process.
Can anyone share that information?

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106. World business for sale on January 18, 2006 05:07 PM writes...

I agree with KY
This is a great post!
We would be honored if we could be added to this great blog. We are from the World Business for sale is the leading independent businesses for sale listing service http://www.worldbusinessforsale.com/

Good work keeps it up!

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107. tiny angel on January 18, 2006 05:47 PM writes...

Angel2. That was NOT Bob "W".

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108. georgiapeachangel on January 18, 2006 06:39 PM writes...

Again, I'll ask the question someone else asked earlier. What is supposed to happen in March, Ky girl? Are we supposed to know something or is that when the sale starts or.....what is the significance of March?

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109. clubhouseguy on January 18, 2006 08:13 PM writes...

When this is over, I think people will be able to understand not only the complexity of the Euclid Discoveries achievement, but also the skepticism of the marketplace in which ED is competing. Then I think it will be clear why they've done it the way they have.

And, for the record, not once in 4+ years has B failed to return a call or answer, quite patiently, any and all questions we've had along the way.

I look forward to meeting everyone at the party.

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110. georgiapeachangel on January 18, 2006 10:13 PM writes...

What party? and when is it? Ya'll must know a whole lot more than I know!!!!! Please share your knowledge!!!!

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111. tiny angel on January 18, 2006 10:52 PM writes...

Hey Georgiapeachangel,

These guys are blowing smoke up your ass. I talk to 4 or 5 guys on this blog off line and I am pretty sure we have a real good idea as to what is going on.
1. it is a good product and they are still working on it to make it better and to prove its accuracy.
2. It's probably going to be worth a ton of money,
they have identified the potential buyers and what it's worth to them.
3. They are trying to develop an exit strategy.
4. It's not easy to convince people you have what you say you have.

I am reasonably certain they have not got a firm buyer or a firm closing date at this time. I know for a fact that the guys who know and talk to R and B don't have much more information than that, so I am not sure how some of the statements thrown around on this site can be accurate.
I would not count on an imminent sale, or any date thrown around either. I am not saying it won't happen I am just sure it is not a done deal yet

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112. georgiapeachangel on January 19, 2006 12:27 AM writes...

Tiny Angel, Thanks for taking the time to answer some questions for me. I appreciate your candor and also your not trying to sugarcoat anything. I am just hoping that this will happen in 2006! I'm afraid if they wait much longer than that somebody else is going to beat them to the punch.

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113. Comp.Guy on January 19, 2006 01:51 AM writes...

Georgiapeachangel has said something very important that no one else has addressed. There are many companies working on the exact same thing. So many companies have also said they could revolutionize the digital compression and failed to produce. At least companies are trying to improve it. Good luck to all you angels. Very interesting posts all around.

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114. KY Girl on January 19, 2006 08:36 AM writes...

Our biggest concern is another company rolling out a product better and faster than ours. There are many out there trying to surpass what Euclid has to offer. I know we have all been shot a lot of dates that have failed to produce. Sources at the top are adamant March/April--this will be date that we have all been hoping for! I look forward to meeting everyone at the after party, at that time none of us will be bothered by the time it took to get here.

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115. tiny angel on January 19, 2006 09:37 AM writes...

I think this is going to be my last post for awhile. Unless of course I cannot help myself. I do not believe we need to worry about another company coming out with something better at this time. The technology they are using is based on a new math construct and they are pretty sure no one else is doing anything comparable. They know who the top math guys are in the country and what they are working on. They have the best available and it has taken 6+ years. It is designed to integrate seemlessly within MPEG-4. An analogy; an invention of a new operating system that is multiple orders of magnitude superior than windows but would run on a PC. Or a new fuel that would let you run your car ten times further per gallon. The beautiful thing is everybody else is working on the engine, we have a new fuel that works on the existing platform. Obviously someone could come out of the bushes and blindside us but I thing that unlikely at this time.

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116. long timer on January 19, 2006 10:01 AM writes...

great response Tiny

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117. buyer on January 19, 2006 02:49 PM writes...

Would like to buy 1 unit. Let me know.

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118. OtherAngel on January 19, 2006 03:47 PM writes...

The problem is that when you hear so many lies it is difficult to know what is the truth. And we have had lies by the ton!!!. Personally, I would welcome it happening (who would not) but when the check is in my hand then I will believe, and certainly not before that.

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119. long timer on January 19, 2006 05:11 PM writes...

WELL >>> Iv'e been in contact with B and R for over 4 yrs. ,,, have NEVER caught either in a lie !!!!!!
of course their time estimates have been wrong ... it's taken alot longer to get things done. ... but WE have to realize that the stuff they are doing has never been done before. and the value quoted by crai is SO much higher now than it was 2 yrs ago ...

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120. AZAngel on January 19, 2006 08:04 PM writes...

I agree with Tiny. While I have enjoyed the many comments, it seems like we're rehashing the same old stuff. I have been in contact with R & B throughout when I initiated the call and neither has ever lied to me. SW development in general is a long road with many unforeseens along the way. They want to be done as quickly as we do and no matter what "we" say, it's not going to change things. I got into this thing willing to lose it all like I hope you all did too. I feel good about things and will patiently wait for it. I'm bullish and all should be as well! I hope I have a chance to meet with everyone when the time comes. If not, it's been a great ride anyway! It's fun to dream!

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121. Article1 on January 20, 2006 01:47 AM writes...

Euclid and other compression companies mentioned and the 'hype' effect.

http://www.scoop.co.nz/stories/SC0601/S00026.htm

quote from article: "The significance of improvement in compression ratios is inversely proportional to the credibility of such claims (in other words, the larger the improvement in compression claimed the more likely the claim is to be bogus."

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122. kyangel on January 20, 2006 09:25 AM writes...

Do you think a Co. like CRA would back a bogus ideal. CRA credibilty would be on the line. I think that article is one persons thoughts.

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123. georgiapeachangel on January 20, 2006 09:48 AM writes...

Let's hope it's one person's opinion! It's articles like this that make me nervous! And, I keep wondering if what Euclid has is so great, why hasn't Microsoft or some other company been pounding at the door to buy what they have. Let's hope we're at the right place at the right time with the Euclid product. I want to go to the after party too!!!!!!

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124. kyangel on January 20, 2006 09:54 AM writes...

Rumor has it that 9 companies interested

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125. tiny angel on January 20, 2006 10:28 AM writes...

I"MMMMMM Back. Georgia, Article 1, answers your question. They don't believe we have it. That is what is taking the time. To get them to look at it and understand that it is not just hype.

KY, I think they have targeted 9 companies that could use our technology and what it would be worth to them, I am not so sure those companies are interested at this time. I think we are trying to educate them as to why they should be.

Goes back to article 1. Alot of people need thier paradigm changed. They think cause they don't have or have not seen it, it is just hype or BS. Won't they be surprized.

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126. Hopefull angel on January 20, 2006 10:14 PM writes...

Question... If this is sooo good.. and again I hope it is.. and it will sell for a TON of money.. soon..

then why are they still selling shares for 7500 each? If they knew it would be a big win, why wouldnt they buy ALL THEY CAN GET?

Just a question.

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127. BTownAngel on January 20, 2006 10:40 PM writes...

Who is "they", the angel investors or R & B?

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128. H.264 on January 21, 2006 07:35 AM writes...

Keep dreaming Euclid angels. You guys are no where close to us........... H.264......all the way! We'll see you gals and guys at our party!

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129. Jimmy T on January 21, 2006 10:15 AM writes...

Perhaps Article1 and/or the author of the "hype effect" have not checked out the "Euclid Studio T."

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130. Jimmy T on January 21, 2006 10:16 AM writes...

Perhaps Article 1 and/or the author of the "hype effect" have not checked out the "Euclid Studio T."

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131. BTownAngel on January 21, 2006 01:14 PM writes...

Hopeful- I will buy more for $7,500 a unit in a heartbeat.

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132. SEE SAW on January 21, 2006 06:14 PM writes...

where did everyone go?

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133. tiny Angel on January 22, 2006 09:37 AM writes...

Figured some of you guys would want to know what H.264 is. CRA checked everybody out and I never heard they thought this was a threat. It's been around for awhile

http://en.wikipedia.org/wiki/H.264

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134. tiny angel on January 22, 2006 06:57 PM writes...

Nobody is selling shares. There are no units left from Euclid. And I am not sure but I don't think private sales are allowed, but I have not confirmed that yet. But if anybody wants to sell I would be more than happy to entertain any offers at least in the abstract, until we find out what is allowed.

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135. RandyM on January 22, 2006 08:57 PM writes...

It does seem like if Euclid was revolutionary-strong and can do what it says Microsoft would just put down a billion bucks or so and buy it up. Bill Gates gives 3 billion a year just in charity. Microsoft has purchased less groundbreaking things in the past for a lot of money. Word should already be out if Euclid was that successful. Euclid technology is probably sub-par than advertised on their website. They’re probably just trying to sell what they completed so far and will let another big company try and finish it.

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136. Sherwoodlikemoney on January 23, 2006 02:08 PM writes...

I just heard that an investment banker will be picked on February 2! Can you believe this - I hope this is only rumor, because I thought that was done over a month ago!
Does anyone have what they believe to be FACTS?

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137. dewman on January 23, 2006 04:36 PM writes...

That is what I heard from Bob.

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138. Sherwoodlikemoney on January 23, 2006 04:53 PM writes...

Dewman, do you still believe that the sale will be concluded in March, or has the time table changed?

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139. BTownAngel on January 23, 2006 05:08 PM writes...

Missing the 22/23rd

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140. Angelluck on January 23, 2006 09:02 PM writes...

Middle of January...any new updates...or still just speculation and rumors?

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141. dewman on January 24, 2006 08:26 AM writes...

I would have to say it will be later.The bank was going to be chosen by Jan. and now Feb. 2 so are we running 1 month behind. We will see.

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142. kyangel on January 24, 2006 10:32 AM writes...

Why is it so hard to pick investment banker? Is it getting the right one or what. Anybody got any ideal.

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143. kyangel on January 24, 2006 10:38 AM writes...

By the way who's throwing the party.

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144. OtherAngel on January 24, 2006 04:35 PM writes...

Has anyone heard that payment to investors will not take place until around July? Apparently the sale will now take longer (what's new!!). Is this just another game that B is playing?

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145. tiny angel on January 24, 2006 06:27 PM writes...

I won't have any trouble waiting for as long as it takes to get my money, once I know it has sold and for how much. I will have pleasant dreams planning the rest of my life.

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146. Richmond on January 25, 2006 01:05 PM writes...

Anybody hear any news lately???

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147. dewman on January 25, 2006 01:44 PM writes...

Buyer? who will it be.

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148. Andy on January 25, 2006 02:47 PM writes...

I don't get it!! All of us have signed subscription agreements, we knew what we were getting into. Venture capital invsesting is ALWAYS risky and there are NO timetables, there are no guarentees. We are all hoping to hit it big, but neither B or R said this was for SURE. Anyone who bought in from by some other means..LLC or whatever needs to go back to that group and complain if they think they've been had.. I for one, think that we should all just "shut-up" and let this situation play out!!

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149. ShowMeTheMoney on January 25, 2006 04:30 PM writes...

Can anyone confirm story to be released in the New York times in a few weeks?

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150. kyangel on January 25, 2006 05:19 PM writes...

heard the same thing about N.Y. post. Going to be big.

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151. . on January 25, 2006 05:41 PM writes...

ny times .. boston herald and INK ,inc magazine

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152. ShowMeTheMoney on January 26, 2006 09:07 AM writes...

Does anyone know, do we have a buyer? If so, what is the time frame for investors to receive money? Facts please, not speculation.

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153. Hopeful Angel on January 26, 2006 09:48 AM writes...

Anybody heard whether Bob went to NY and what's going on? Just wondered if the March/April date was still viable or just a myth!

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154. georgiapeachangel on January 26, 2006 09:57 AM writes...

I'm with Ky Angel....what takes so long to get a bank signed up? And why hasn't this happened by now. I was told in November that they were signing a bank! Man, will we ever get the straight skinny or not? That's what has me so frustrated. They just keep prolonging the process of getting it sold. Apparently the technology is OK, just the sales process now is taking a circuitous turn.

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155. Hopeful Angel on January 26, 2006 10:17 AM writes...

What's going on with the blog? It's missing a whole bunch of comments!

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156. Paradigm on January 26, 2006 10:48 AM writes...

You guys need to get real and realize that IF this is as good as it is touted to be, it's worth the wait!

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157. Anonymous on January 26, 2006 10:55 AM writes...

Also heard that there will be articles in NY Times, Boston Globe and Inc. ....and, that the bank won't be chosen until February, sale probably won't start until March or April and then will take 3 weeks whenever it starts, then another month will pass and checks will be distributed.

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158. Tiny Angel on January 26, 2006 01:17 PM writes...

Guys, The delay, I hear, were tightening up patents. The rumor is they have been addressed. The big fear is a big company sees our stuff steals it and keeps us floundering in court for the next 10 years and waits us out. I do believe the law firms we have, are being extra conservative and pretty much now guarantee that this will not happen. I for one am happy our guys are doing their due dilgence and being ultra conservative. Remember the tourtois and the hare fable.

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159. 1standgoal on January 27, 2006 04:53 PM writes...

A I's - Stay very positive. All indications are that everything is in order and IP has been protected with patents. B&R have put together a great team front and back end. The timing couldn't be better. MS, Google and the likes understand the magnitude of success this technology will create for new owners of it. Enjoy this ride!

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160. OtherAngel on January 27, 2006 05:11 PM writes...

If B was an estimator for a living, then he would have been fired a long time ago. The most charitable thing to say about B is that he has absolutely NO idea when, if ever, the project will be ready to sell, otherwise he would give so many estimates as he has. That is not much of a compliment to anyone.

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161. MONEYMAKER on January 27, 2006 05:57 PM writes...

Other Angel- settle down. No wonder Bobby can't get anything done. He has people like you bothering him. Bobby wants this thing sold and done with just like everyone else. If people would just let it be, and not call him and R all the time, maybe they could get some work done!!

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162. OtherAngel on January 29, 2006 12:56 AM writes...

What is wrong with this site? Cannot go past the first page unless you type in a new comment!!

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163. OtherAngel on January 29, 2006 01:03 AM writes...

Moneylender .... the problem with B is that 99% of what he tells you never materialises, and he might be better if he just said "I don't really know". Instead he comes up with new "certain dates" which invariably never happen. No, I do not phone him regularly but I expect that he should have SOME idea of where and when he is going. I doubt it.

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164. kyangel on January 29, 2006 12:45 PM writes...

I heard CRA to do all negotiating. Bank only to come after sale to hold money.

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165. Anonymous on January 30, 2006 08:19 AM writes...

Is something supposed to happen Feb. 2nd? If someone knows anything, inform the rest of us. Like what is supposedly to happen?

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166. georgiapeachangel on January 30, 2006 09:42 AM writes...

I heard the bank will be selected on Feb. 2, but don't know if that's really the case. B is supposed to be back in NY this week for more media training for TV. Don't know how reliable the information is though. Yes, the site does appear to have a problem. I always get a message: Done, but with errors on page.

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167. Paradigm on January 30, 2006 09:47 AM writes...

Yep, I got the same error message just now!

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168. Anonymous on January 30, 2006 10:22 AM writes...

Hey Dewman, you seem to always have some juicy information. What's the scoop?

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169. otherangel on January 30, 2006 10:22 AM writes...

what's the deal with the site?

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170. Tiny angel on January 30, 2006 11:04 AM writes...

The meeting is to get an exit stategy. We still need more patents. There is not a bank yet. It is still going to be a silent auction. The same stuff, you have been hearing for months. This is a big deal and is very involved. It is going to be done, relax. There is a very high level of unsophisticated investors involved in this group. This is probably a once in a lifetime opportunity for alot of people, you have a possiblity to make millions. You don't get to make huge returns on a deal unless it is involved, and highly risky. This thing is going to be worth the wait.

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171. georgiapeachangel on January 30, 2006 11:17 AM writes...

Tiny, your comments pose another question. Why did R & B tell several of us that there already was an exit strategy and that the company would be sold by the second quarter of '06? I just don't understand why they can't be a little more accurate with their predictions.

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172. tiny angel on January 30, 2006 11:49 AM writes...

Georgiapeach. There is a general exit stategy, which we all know is to sell the IP through an auction to all interested buyers. The problem is educating the prospective buyers into what we have. Secondly the lawyers are involved and want more patent protection. As I have said repeatedly, the technology is so advanced that part of the problem is getting people to accept and understand what we have. Remember something can be sooo good people do not believe it. That is what is taking up alot of the time and changing the the exit times. This will happen, it is just going to take longer. CRA is telling them it is great, but we need to get people to the table and that is turning out to be more difficult than originally thought. That is why the wait is going to be well worth it.</