‘I’ve had a good look through what you’ve sent me and I believe it’s a great business plan. However, I’ve already got my own product that I want to push forward and its going to take the bulk of my cash. Its been in the pipeline for 8 years and I’ve already committed myself to customers in the UK. I’m more than happy to continue creating your machine drawings, to get you up and running but the investment you require is beyond my budget.’
‘I fully appreciate and understand your need to further your business of which you have been committed for the past 8 years, especially as it is similar to our situation with the time being right for action. We have all our fingers and toes crossed for a final bit of luck to make it a reality. It goes without saying that your support with the drawings is totally appreciated and obviously I will settle financially with you inclusive of any material costs that their has been. Just let me know when you want me for the next “technical meeting” and I will be with you in a shot. However, see you on Tuesday.’
‘I have discussed with my father and only if Carl [Harrison] transfers the equivalent in euros of£75000 to the company, we will then sell the patent to the company at a nominal 100000e to cover input over many months. The company can pay us out of sales. The same way it will payback carls initial working capital input of aprox 87000 € (£75000 ) plus 15000 for his imput (drawings) out of profits.’
‘OK, that makes sense! We had better tell her [in context probably Ms Lecarpentier] to register the patent to the company. Just to confirm my investment: 75000€ cash plus 15000€ for the work on the drawings, machining and PTFE.’