To: Sid Turtlman who wrote (1486 ) 5/15/1999 7:50:00 PM From: Dan B. Respond to of 2513
Quickly, I haven't a clue when or how much revenues might be generated by DCHT through Antaeus. I only know that if DCHT believes revenues can come to pass from this source within say 5 years(just to pick a random time frame that might fall within the "going into the millenium" statement) there is no case that DCHT lied as you've alleged. As a venture designed to implement something that's never been done before, Antaeus on paper is as meaningful as it possibly can be. "I suspect Antaeus did exist on Feb. 17th in that respect, but that is irrelevant to the issue." So no, it is NOT irrelevant to the issue IMHO. I too would expect that the time frame for Antaeus revenues might be quite a while if ever. However, supposition that it would take years to complete testing of the method, however plausible to us both, is premature. It is also quite plausible that sufficient evidence of the workability of this monitoring method could be determined far sooner. This is not the FDA...eventual failure of the monitoring system to effectively operate long term would amount to a case of no harm done. Hence an implementation that can reasonably be expected to work long term could happen sooner than we know. This is government, after all, and implementation of a technology doomed to failure wouldn't be a first. Obviously that press release should have been more enlightening, yet it simply cannot be shown in my mind that it made false claims. What it didn't say is important in two ways, 1)it should have been complete instead of potentially misleading, but 2)it made no claims whatsoever as to the status of Antaeus. I wouldn't expect anything to come of this from the SEC. In defense of Steve...as I recall he readily agreed the Antaeus news was lacking.