FRMC to hire 3 new officers w/ $300K surplus

FRMC gets $38 million bailout, which resulted in a $300,000 surplus so time to hire new people.

Ref:  http://www.timesunion.com/business/article/SUNY-Poly-s-real-estate-arm-hiring-CFO-others-12449809.php

Ref:  http://www.lohud.com/story/news/politics/politics-on-the-hudson/2017/11/28/suny-poly-fiscal-woes/108098382/

Ref: https://www.timesunion.com/business/article/Despite-need-for-bailout-SUNY-Poly-real-estate-12426966.php

Fallout: GE pulls out of PEMF

GE is ending partnership w/ PEMF (power electronics manufacturing corporation). 

What does that mean for CNSE/Danfoss?
Does it make any sense for SUNY Poly to be a chip manufacturer?

Ref: http://www.timesunion.com/business/article/GE-ending-partnership-with-SUNY-Poly-on-power-12455499.php#photo-10902296

FSMC 2017-2018 Budget

FRMC 2017-2018 Budget

$38.5million grant used to pay principal ($38.2 million)?

Update: $25 million SUNY loan approved but not received

$25 million loan (not grant) approved by SUNY not received.  Budget and financial plan not completed.

https://www.timesunion.com/business/article/SUNY-Poly-has-yet-to-receive-25-million-loan-12406964.php

SUNY RF Data: Operating Plan page 16

2017-----264.2 million
2018-----168.2 million

https://www.rfsuny.org/media/RFSUNY/Documents/Reports--Publications/Operating-Plan/FY-2018-Operating-Plan.pdf