taoman: Thanks for the informative post.
Re: "BMR now is fully funded from private sources."
Just so people won't get the wrong idea, allow me to clarify that statement. Bob Bemer's software company (BMR Software) has been a private company since its inception. It was not a public traded company which was taken private. Taoman's post didn't say that BMR was public, but if the facts aren't readily available, perhaps someone might assume that.
According to the wording of taoman's statement, they (BMR Software) are now "fully funded from private resources". The key word being "fully". Until recently, BMR was being funded primarily by Bob Bemer's pocket.
This means that BMR has secured private funding to support their rapid growth and expected expansion. Apparently, an external organization did some Due Diligence on BMR (the company), the people, and the product. The result of that DD was positive enough to get them to commit funding for the near term. I haven't seen anything published yet that verifies this private funding, or that defines what all this means in regards to outstanding contractual or licensing agreements.
Caution is advised. This new "beneficial ownership" might mean that BMR no longer is obligated to honor the prior licensing agreement. Even without this little twist, there might have been something in the original TPII/BMR agreement that was limited by time. Since the product was first expected to be available in December of '97 (then Feb '98, then .. etc.) the time limitation (if any) may have expired.
With all this in mind, I have to agree with taoman's posted conjecture: "To think they are about to strike the mother lode may be way off base."
And, for those who think I'm bashing the stock. Forget it. I'm not. However, since my primary reason for being interested in TPII was the "promised" BMR connection, my interest is rapidly waning. It might still happen. It might not.
For the record, I bought at $1.05 and sold at $1.66. I was looking for a re-entry point at about $1.25. Now, though, I'm not too sure.
Wishing everybody success,
TED
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