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Message: Partnership agreement in China

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Re: Partnership agreement in China

posted on Nov 24, 09 11:29AM

Thanks Tone

it does seem to have been dropped for the time being which is unfortunate as the US market is fighting the legislation. American corps are more concerned with profit than safety and even though Act's system will help with both, The dinosaurs that run the mines are slow to understand.

it looks like China won't happen for a couple years yet but Peter Gimon believes there are enough mines in the US that will install new systems and we'll have our share. We are also at capacity for installation so new sales are better to come in slowly as opposed to all at once.

4 years is a little too long to be tied up and I hope you're right on 2010 as being our year. The money problem is solved for now although iit had a very high price to the longs. We were certainly cut loose on this deal. I'm not sure why it wasn't offered to us as we have funded the creation of this product, but then again this is the venture exchange and we don't always understand the games that are played here.

Dilution is going to make this a long, slow climb back up to former levels but as we go forward and contracts are signed and installations completed we will see quarterlies show a steady increase and more confidence in the company going forward.

JMO

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