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[theTelegraph]Starlite, the nuclear blast-defying plastic that could change the world - Page 15

post #141 of 219
Quote:
Originally Posted by _GTech View Post
In the world of business, where the government gets 28% in taxes, and you paid this guy 51%, and whatever was left in your profits was yours, of course after you paid for your operating expenses & overhead (from that profit)...

It would leave you almost nothing...

Even a pure service company could not afford to pay someone 51%, that's preposterous!

Even 30% would be A LOT...

Not even sale people make 30% of the profit...

So where is there room to pay the sales people?

This inventor is not only being too greedy, he is telling the world to piss off at the same time, this will never see production till he becomes realistic.

He should seek out an 8% royalty and be very happy and wealthy for the rest of his life and all his children will be well taken care of an extremely long time on that 8%...
Do you know what a profit is? It's what you have after paying the sales people, the tax, marketing, materials, and everything else - what you have left in the bank after all is said and done.

I also pointed out many pages ago how he probably wanted 51% ownership rather than 51% profits. If he only wanted money he would have sold it by now. 51% of nothing is a pretty low turnover for 23 years.
Having ownership was probably important to him - having invented it, he probably wanted to remain in charge of what happened with it.
post #142 of 219
"In joint ventures, he insisted on keeping 51 per cent. 'If they'd wanted to buy it outright, they could have had it. But they always wanted a licence, and if they wanted that they had to sign an agreement that says they won't plagiarise or reverse engineer. If they don't sign that, they get a sample and then they reverse engineer and why would they bother to get a licence?"

SOUNDS LIKE HE WANTED MONEY TO ME, HERP.

You guys can't read.
    
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post #143 of 219
The only thing that matters is he is dead. Maybe now people can benefit from this. Greedy greedy man (or just plain stupid).

Hopefully his family isn't nearly as stupid as he is.

For those saying "it could be used for evil" - candy is bloody used for evil by pedos looking to score kids...how dare we invent candy. Where there are humans, there will be evil, regardless of what the product is.
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post #144 of 219
Quote:
Originally Posted by Fitzbane View Post
"In joint ventures, he insisted on keeping 51 per cent. 'If they'd wanted to buy it outright, they could have had it. But they always wanted a licence, and if they wanted that they had to sign an agreement that says they won't plagiarise or reverse engineer. If they don't sign that, they get a sample and then they reverse engineer and why would they bother to get a licence?"

SOUNDS LIKE HE WANTED MONEY TO ME, HERP.

You guys can't read.
So he sat on it until he died because he wanted to make money? He would've sold it a long time ago.
post #145 of 219
Look, it doesn't matter anyways. The man's dead and took it to the grave! HARDY HAR humans! And pretty much what Iceman said.
post #146 of 219
Even 15% would make him the richest man in the world once we start using it for major safety things.
Imagine all houses where build with it.
Fire would never leave the room in a condor, nor heat damage the nearby rooms.
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post #147 of 219
Quote:
Originally Posted by hollowtek View Post
Look, it doesn't matter anyways. The man's dead and took it to the grave! HARDY HAR humans! And pretty much what Iceman said.
Or you could read the article and realize his family knows the formula as well...
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post #148 of 219
Quote:
Originally Posted by seabiscuit68 View Post
Or you could read the article and realize his family knows the formula as well...
Lol I read the article several times over and posted many pages before this one!.. try reading earlier posts. But yes, his immediate family does know, but I'm sure they'll take it to the grave too since an invention of this magnitude has too much potential for abuse.
post #149 of 219
that is amazing, thanks for posting this article
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post #150 of 219
wow,just wow.hopefully he will allow its use very soon,would be amazing for radiators and heatsinks if it can dissapate heat thet well.
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Overclock.net › Forums › Industry News › Technology and Science News › [theTelegraph]Starlite, the nuclear blast-defying plastic that could change the world