From RagingBull... The meeting was very positive. Probably 50 or so in attendance, lasted about 2 hours. No blockbuster announcements but Al and Dan Daje gave a good overview of where we stand. The reverse split and name change to Alladin Separation Technologies was approved by a wide margin. The name Alladin was chosen as it is a combination of the names Al and Dan.
The Rosewood deal is very active but due to confidentiality Al couldn't give details about where the property is located, or the nature of the agricultural product that will be farmed on the property. All details provided in the press release of Oct 16 still hold true. There may be much more than the announced 1 million ounces of gold on the property.
Al feels strongly that we will produce gold in 2015 and be relisted. He wants a second deal before relisting. He will go with the quickest exchange, which may be OTC, but that won't prevent us from going to Nasdaq when more deals come in. He's doing this for dollars per share, not pennies. Al is set on lining up multiple deals with mines that have at least a five year production life. Since the gold process is up to 99.7 percent effective he isn't worried about competitors, and in fact he knew of no competition out there. Who can do better than nearly 100 percent?
STAMP is very much alive and he is talking to other countries including Suriname. Ghana fell through because some officials were profiting from the sale of mercury.
Les Oppenheimer spoke about the JV on EMP. He was involved with Norman Haber in the 1980's in the development of the original protocols and is back on board further developing the technology. The old EMP used high electricity and toxic chemicals but the newer EMP utilizes benign chemistry and is more attractive to potential clients. Les is working in a lab on an Army base and has attracted attention of the Army brass for field hospital applications. He is making great progress and displayed personal satisfaction over finishing what he started so many years ago.
It was very clear that Al and his team have stuck by the HABE shareholders. He said that he felt a moral obligation to do so. He was rightly applauded several times for his commitment to us.
The feeling in the room was one of great optimism. It looks like 2015 may finally be our year.
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