<<<<What would be interesting is if we could get the opinions of some lurkers and semi-lurkers.>>>>
Mark, I don't know how interesting this will be, but at at your invitation, this new lurker thinks:
1. I am not sure of the significance of the news release. This is merely an option contract, with huge payments back-loaded. If the process does not not work, there is no payment (except for the downpayment). Therefore, the question is whether the $250K downpayment, per se, is significant enough to infer a working process. (Is this a large comitment relative to the Co.'s financial situation?). The second step, i.e., payment of $250K, PLUS 2 million shares represents the type of investment which _is_ significant and if this part of the option is exercised, the certainty you suspect does in fact exist. If they were 100% sure at this point, why have the "option" to test the process for 90 days -- just buy the process outright and schedule a payment plan.
2. I am impressed by the Co.'s attention to the "deliniation of reserves" and the "economic recovery." As one astute poster states, the bottom line is yield.
3. The continuing trading blackout is exciting. I own a bio-tech which had a blackout -- followed by great news.
I am following the story with interest. Good luck.
REC |
