TheEEStory.com

News, reviews and Discussion of EEStor Inc.
Sat, 01 Aug 2009, 3:56pm KP Investment in EESTOR »
larry9+/5+
EEluminated
Registered: Aug, 2008
Last visit: Thu, 20 Aug 2009
Posts: 587

The only publicly mentioned investment in eestor by KP is for $3M. Considering that in the same timeframe, Zenn paid $2.5M for 3.8% of EESTOR it is not logical that KP got 20+% for $3M. If the initial investment by KP included an option for additional investment upon some unknown milestone, then KP quite likely has already taken their second investment option, raising their ownership to 20+% from the initial likely 4+%. This would have cost them another $12+M. For those wondering why KP didn't invest a second time, this could be the answer, and since the agreement between them is not public(Zenn's is), we would not know what the milestone was or when it happened.

DW said KP investment was used to put in the production line. Surely, no one thinks $3M was all that EESTOR needed for this; just the payroll since the first KP investment had to exceed $3M.


in God i trust

Offline