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Old 07-14-2017, 08:04 AM   #44996 (permalink)
Plankton
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Quote:
Originally Posted by Chula Vista View Post
It's Over.

Today, US megacorp transferred a quarter million dollars into our bank account and wired another quarter million over to the China factory. As part of the settlement we get to write off over a million dollars of debt off our books, making our bank extremely happy.

Personally, I get no big payout. Actually I get no payout. But we do get a 2.5% commission from here on out on the products that were stolen from us. Our sales were averaging about 6 million a year so that's $150K net profits, which at this point is pretty damn sweet considering the company is only 3 people and really has no overhead.

This has been going on for 2 years and 10 months and consumed easily over 5,000 hours of my time. Very surreal getting the news this afternoon that it's all behind us. Seriously did not know know what to feel.

Bad news? I can't retire a wealthy man.
Good news? I still have a job.
Excellent news.
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