Glen, I cannot tell you why you should buy it now. Some investors would only buy this type of stock when the company turns the corner into profitability, or when the AF deal has proven itself as a contributor to the bottom line. The current price reflects that uncertainty. If you wait you will have far less risk but you will pay considerably more. Dilution, as I have said before is the price we pay for this type of burn.
I do take exception with your statement:
>>If you look at the Dominican deal you will see where they sold 500000 for a dollar but gave them another 500000 thousand. In my book that equals .50. <<
This is absolutely false because it leaves out 90% of the facts. I do not know what those 1,000,000 shares cost TTL and until the project is up and running or falls on its face, I doubt that the company will know. Below are the costs to all sides of the deal. I have left out most of what the potential revenues will be as TTL sold some licensing rights that could be significant. When we can fill in the unknowns we will find out what that 1m shares cost TTL.
TTL's costs:
Make available the AquaFuel technology; complete the Applications Engineering, deliver an AquaFuel production unit able to create AquaFuel at the minimum rate of 4,000 cubic-feet-per-hour; Cost $500,000
construct a prototype unit demonstrating the wastewater recycling aspect; Cost: unknown
construct a prototype unit demonstration the power generation ability of the AquaFuel gas; Cost: unknown
contribute engineering and other personnel necessary to
complete the Engineering Analysis/Feasibility Study, Cost: unknown
Plant Design and Plant Construction through Check-Out. Cost: unknown
Miscellaneous conditions of the Agreement include: As a part of the Agreement, TTL shall issue to an additional 500,000 of the Company's unregistered common shares to the Utility Cost: Approx $1,000,000 (the then current stock price was approx $2.00)
De Luz Y Fuerza De Las Terrenas, C.por A's costs:
The Agreement states "Therefore, as an inducement to form the TTL-Utility joint venture envisioned throughout this Agreement, the Utility represents is has, among other things, arranged for the purchase of 1.653 Gigawatts of output of AquaFuel at the rate of $0.0435 per kilowatt-hour with an annual value of approximately $72,020,340 per year for a period of twenty-years and that the Utility has arranged for the sale of distilled water produced from the operation of an AquaFuel apparatus and has arranged for the use of the AquaFuel apparatus in the reclamation of contaminated water. Cost: Unknown
Cause for the formation and staffing of
AquaFuel-Dominicana; Cost: unknown
acquire 500,000 of the Company's unregistered common shares at the rate of $1.00 per share for a total subscription of $500,000. Cost: $500,000
Once formed, AquaFuel-Dominicana shall contribute engineering and other personnel necessary to complete the Engineering Analysis/Feasibility Study, Plant Design and Plant Construction through Check-Out. AquaFuel-Dominicana shall payout to the Company $200,000 for the Engineering Analysis/Feasibility Study, $300,000 for the purpose of completing Plant Design drawings and $6,000,000 for the
construction of the AquaFuel plant Cost $6,5000,000
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