SHORT VISG, here's why:
OK I'll start by saying that Lau Technologies owns 40% of VISG.
January 2001, Lau converted $1,000,000 of subordinated note and accrued interest into 847,354 shares of
common stock. (1.18 per share)
Revenues were up slightly from 6,150,000 to 6,871,000 in the second qtr. However margins decreased to
23.6% from 27.2% in the same periods.
The Company has an exclusive, perpetual, irrevocable, paid-up royalty-free, worldwide license
to use all of the technology owned or controlled by Lau relating to the Company's business except for
controlling human entry through doorways, gates, turnstiles, or
similar thresholds in and to buildings or facilities located on properties owned or controlled by the United
States federal government, or any other national
government, using apparatus at the entry point (federal access control).
WHAT it seems they don't have the rights to the technology everyone thinks ?????
Could this be so?
Jim |
