To David In BC
I had the same type of concerns that you have concerning Napier's
competence.
I was wondering if Napier will have the skills and the
desire to see this through and build a solid company.
I have been on the phone for most of today and yesterday talking with many people and I have formed this conclusion about Napier's competence.
IT REALLY DOESN'T MATTER.
Who cares how competent Napier is. They don't need
to have a skilled marketing team nor the ability to produce
the product. They just need to know how to cash a cheque.
THE REASON:
They are licensing out their product and technology to ICI and
K&G and there are a few other large deals on the table.
ICI and K&G are giants.
You can be 100% sure they know how to market this product to the
point of becoming a MARKET LEADER.
I have a direct quote from someone with great contacts, a large personal interest, and NOT part of Napier, indicating that ICI was - AND STILL IS - falling all over themselves to get their hands on this product and be able to market it in as many areas as possible, with exclusivity (they are not getting the exclusivity but the fact that they are fighting for it indicates a hell of a lot).
They (ICI & K&G) have the skills and ability to market this internationally in the blink of an eye.
They are the ones that will bring this to the retail markets, the aerospace depainting industry, the marine antifouling paint removal market etc.
WE CAN SAY THIS WITH 100% CERTAINTY - THESE TWO GIANTS WOULD NOT GET INTO BED WITH NAPIER IF THERE WAS THE POTENTIAL FOR THIS TO FALL APART.
IT WILL NOT FALL APART FOR US AS INVESTORS BECAUSE WE ARE NOT DEPENDANT ON NAPIER TO SEE THIS SUCCEED. IT IS THESE TWO GIANTS THAT WILL TAKE CARE OF THAT.
(Imagine you created a synthetic hamburger with no fat but the
exact taste of a regular burger. You have no skills in business.
At this point there is little chance of success for you before
the idea is copied and you are left in the dust. BUT NOW, lets bring McDonald's into the picture, and they will be licensing this
from you and are even fighting for exclusivity, WHAT DO YOU
THINK JUST HAPPENED TO YOUR PROBABILITY OF SUCCESS.
IT JUST WENT THROUGH THE ROOF, even though you are a totally
incompetent business person.)
I am unaware if Canoe Cove can or can not buy the product so I
will take your word for it that they have not been able to buy the product yet and offer this explanation. From what I had been told from multiple conversations with many people involved,
there is some overlap in the contracts that are being negotiated,
with each party wanting a bigger piece of the action and it will be one of these two who get to market the product to Canoe Cove.
AGAIN, WE HAVE TWO GIANTS FIGHTING FOR EVERY PIECE OF THE PIE THAT THEY CAN GET THEIR HANDS ON.
There is a lot of other information that I have learned but will not discuss.
But now that you have read what I have told you and if you give me the benefit of the doubt that this is true, is Napier's competence still very important, in your opinion.
Mike |
