To: Lennart Steiner who wrote (646 ) 2/20/1999 3:59:00 PM From: Alan Brezin Respond to of 2513
As I suspected in my post on Raging Bull yesterday: ____________________________________________________________ From DCHT website: Who is Antaeus and what can you tell us about bridge monitoring? Antaeus Corporation is a joint venture of several established companies. Their website is under construction and will be linked to the DCH website upon its completion. As metals corrode, atomic hydrogen migrates through the metal and combines in the air surrounding the metal to make molecular hydrogen. The amount of hydrogen emanating form the metal can be indicative of corrosion occurring inside the metal. As bridges age, internal corrosion becomes a concern. One reason the Antaeus joint venture was created was to address this concern. DCH was selected to provide hydrogen sensors for Antaeus' Pulse(TM) product (see press release dated February 17, 1999). _________________________________________________________ Antaeus looks to be a related company and the business appears to be an intra-corporate transaction. So Antaeus will have to go out and sell the DCHT sensors as part of the Antaeus Pulse(TM) product to actualize a revenue creating event it appears to me. In other words the sale will be a receivable from Antaeus, a subsidiary of DCHT, until Antaeu makes a sale of Pulse(TM) and can pay DCHT. This is a bit deceptive and a promotional ploy giving the appearance of an arms length sales event which, in my opinion , it is not! In short, DCHT is selling sensors to its bridge corrosion monitoring business subsidiary, Antaeus, it appears to me. How many orders does Antaeus have is the relevant question, then. Does it have orders for $1,000,000 plus value added by Antaeus plus mark-up is the big question, imo? If not then DCHT doesn't have an order that will produce $1,000,000 in revenue yet unless the entity called Antaeus is flush with big $$$ separate from DCHT's assets to fund an irrevocable purchase, imo. Comments? Alan Brezin