Quote:
Originally Posted by GrumpyOldMan
Looks like your post says they did not take any money for R&D. (development)
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I ask you to build a house and once completed I will pay you a Million for it whether or not it will ever be able to get a certificate of occupancy.
You build the house for 100,000 dollars.
Who paid for the house? You wouldn't have built it without my contractual agreement to pay you, no matter what the outcome.
Did you front the money? Sure. You did it with a 100% guarantee of a 10x return.
Since you risked nothing, again, I ask, who paid for it?
You can parse that they did all the R&D and while true, they did it with an ironclad guarantee that it would be returned at some multiplier.
Would they have done all the R&D and testing without the FED contract? Maybe. Did they? No.