To Swedelo & all regarding the reply #258 (posted by swedelo). I got the replies from Ken Andruski through the help of CFG Joel, I faxed the post to Joel & then he faxed me back later for the answers that he got from Ken. Here are the following:
Q): the exact relationship between AETI America & AETI Canada?
A): AETI Canada exports all the shipments to the countries other than
US. AETI US can't export outside US because of the government
restriction.
Q): A detailed rundown of signed. and in affect contracts with an
estimate of revenue streams that are currently being realized for
same.
More specifically is cash flow negative or positive at this time and
why?
A): Please read the attached sheet for contracts ( REMARK: It was
announced on April 21, Advanced Encryption Technology, Inc.
Signs $40 Million In Contracts), we have a large contracts with a
Switzerland bank, contract with Belgium army, Vancover Stock
Exchange, & with Ontario Clean Water Agency. No specific
numbers on these contracts. But they will report specific financial
number by the end of this month. But these contracts so far are
worth *******OVER 50 MILLION*******.
Q): Any update on the state of potential sales that are being discussed
(no specifics, simply a number of prospective clients (no names
please) as this would be unethical, if not illegal). In other words,
how aggressive is your marketing & sales department at this point
in time?
A): The management team at AETI is going aggressively after fortune
500 companies, military establishment & major governments
worldwide. At this point in time, all the fortune 500 companies
have been contacted several times about their encryption needs.
Q): What, if any, new product advances are being researched and
developed?
A): They want to be #1 in this industry, currently developing 168Kbits.
Q): The possibility of alliances being formed with OEM's to
incorporate their product at the box building level as per there
announcement of NT/5 dated June 15.
A): Windows 98 is adaptable. More announcements would be
followed later this month.
Q): Management Visions for the future, in both marketing arenas &
possible upgrades through R&D
A): Visions for the future, getting 10-12 more contracts signed for next
year, can't give out specific names; R&D makes the encryption
technology to custom fit the clients' needs
Q): How to market the new stealth product?
A): As far as marketing the new stealth product is concerned, people
will be able to buy it on the internet next week & they will advertise
it on the different web browsers.
Also, Joel said that shares outstanding 11 million, public float 3 million with no debt.
Sai, thanks for the cc arrangement. Swedelo, the answers to your questions can help us to understand more about AETI & prepare us for the cc..
Anyone who has anything to share with us is highly encouraged to post it on this thread as it is for all people interested on knowing more about this stock, please no hype, no off-topic & no personal attack, it is a team work.
Have a happy trading. |
