Private equity shutout

I've already made plenty hay over SPD Control Systems's scrambles for operating capital, but I wanted to share this presentation I came across from last year. The link is to an HTML representation of a Powerpoint slideshow presented by SCSC at "Private Equity XVI", a dog-and-pony show for venture capitalists and their would-be fundees, which took place back on June 22, 2006. So if nothing else, this shows that the licensee with the brightest spotlight in the REFR universe has been on the fund-raising trail for quite some time, without much success.

And you will note that this presentation, like the one from the annual meeting, is easily available for public view despite being labeled "confidential". That doesn't seem to speak too well of their security policy.