Dear Terry ,
Indeed it is disturbing, and because it is disturbing we are sitting at this price range.
As for the benefit of the cobal vs iron ,, its entirely two diffrent animal ,, cobal process by SLHO has never been proved,, SLHO has yet to produce a single drop of oil ...RNTK has..
Further , RNTK criteria is in diffrent scale of production with variable feedstock, wherelse cobal will do only natural gas,,,,,
As for RNTK not having any contracts vs SLHO,, its a long process...
I've said it many times,, its not negotiating to open a gas station on the neighborhood corner,, many complicated issues has to addressed
ie. terms of the contract, length of the contract, license fee, and approval of RNTK technology ,,,
As I understand the issue of approving RNTK technoly is a completed subject , they are talking the nitty gritty of the matter, we are perhaps talking 2 - 3000 pages of document , where every single word has to be defined,,
Remember , SLHOs nego with Texaco took 3 years,, we are fast forwarding this process, thanks to the precedent set by SLHO and others, because the right time for gas to liquids has come...
I know you want me or IR or CEO to be specific and say when the contract will happen ,,, I dont know,, CEO has some idea and MArk has some idea I am sure ,,,, but they do not want to risk any slight that will jeopardise this process....
If it will help I can explain certain things as to why I initiated a buy on this..
I talked to a deep throat,,, last week ,,, and asked I heard RNTK was interviewed by the WSJ ,, true ? Deep Throat says yes to me.. I asked when ?,,, Deep says last week,, asked again ,Did they tell you when is the article coming out ?.. No says Throat...
I again asked,, when is this thing gonna happen Deep ?
Deep /Soon ,,,
Mex /How soon ? 90 days ?
Deep / No, sooner,,
Mex / Come on! how soon, what are we talking , 30 days ?
Deep / You know I can't comment on that Joe,, and you are putting me in a very uncomfortable situation ... it will happen very soon ...
I dont want any slight that will mess up our progress with Texaco..
I've met this Deep Throat and have highest regard ,, as one can tell about another human being ... he does not lie.
I sugesst to all that we are sitting very comfortably here on the low side of the equation and again emphasise the risk/reward factor is on our side.
Remember, even with out Texaco, just on current business RNTK will come out of losses this year...
Let us go to the public library get some trade journals, or browse the web and do DD and wait for this thing to happen ,, as I said in about 45 days but well before 90 days ....
Our research site is a good place to start..
Remeber this is not BAAT !
Joe |
