Quote: But I still had no way to produce the injection molded part and that ultimately was the demise of the project. I have the hard tooling, I have the method to cast the metal ring, I have the tooling for the injection molded part and no way to produce those parts without an enormous cost.
So where is the tooling today?
Was it sold off as part of a liquidation of the original company?
Did you(John) retain them? If so you must recognize some potential future value.
If John has the tooling that others helped pay for why not offer them the tooling as a settlement? It would not cost John additional cash and the group could decide to pursue the project or sell the assets they 'invested' in to possibly recoup some of their money.
'.. it was long ago and it was far away, and it was so much better than it is today..' Jim Steinman
