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I was hoping to invest in EXPU. However, let's be realistic. Between $5-$10 for a bottle of water? That's crazy expensive. If it were around $3 with a celebrity endorsement, I would seriously consider investing.
That's worthless. Anyone could have typed that. How about an independent source?
Yeah, EXPU plans to sell to the Atlanta market which has some of the worst poverty in the nation. I'm sure they'll be drinking the water by the tons! LOL
http://www.bizjournals.com/atlanta/news/2012/11/08/georgia-poverty-levels-among-worst-in.html
Why on earth would he give his money to an A-List celebrity? LOL sounds like a pyramid scheme!
Source? That looks like somebody typed that up and posted it online. LOL Has anyone ever tried to verify this information?
Yeah, about $.10 for the glass bottle. LOL
"Some states pay for recycling glass."
How is EXPU going to pay this "A-List" celebrity? Get out the printing press.
What happens after you drink the $10/bottle water? It's not portable and refills will be from the tap.
Keep in mind that $5 is the low end of the range that was stated in the PR. Can you believe that EXPU would consider pricing the product as high as $10 per bottle? What a joke.
I'm not. I just don't believe EXPU will sell many bottles at $5.
I bet they sell about two glass bottles in three years! LOL
Gittes,
I agree 100%.
I'm just not sure. That's a really high price.
Not to be negative, but who wants to pay $5 for a bottle of water?
Lithium is not 'mined' in Chile. Brine is pumped to the surface in a dry salar (salt lake) and evaporated in PVC lined pits. The process is not labor intensive but it is time dependent. The higher evaporation rates in this region helps speed up the extraction process. I would invite you to read up about hard rock lithium producers if you are interested in lithium 'mining' process.
That's not going to happen. WL does not respect MMTE shareholders. The last few years have proven that. If I had the authority, I would relieve him from his duties as CEO due to gross negligence.
Nobody has ever heard from Samir Ahshrup. Ever.
If you look at my post from a few days ago, I believe it will be Lenny as well. LOL, hope were correct!
There has to be one heck of a good PR to make this thing move. IMO
Any other guesses on the celebrity? My guess is Lenny Kravitz.
People still trust what WL says? WL is a liar and a thief and cannot be trusted. Period.
Just can't convince myself to pull the trigger in the 00's. If this goes to trips, I will take a position.
I see a printing press churning out shares like Monopoly money! LOL
In summary, WL is a horrible CEO and needs to be replaced with someone who can communicate with shareholders and not play shadow games. IMO
The word 'intends' in the PR means WL has an out and can do anything he wants. It's these type of weasel words that drive loyal shareholders crazy. imo
Thanks for the information. I'm sure it may mean something related to MMTE. Unfortunately, WL is still a liar and a thief though.
Found this on a website and translated. It appears to be an interview with LI3 Energy.
http://www.df.cl/li3-energy-se-querellara-en-contra-del-estado-no-aceptamos-las-resoluciones-del-gobierno/prontus_df/2012-12-03/211009.html
Li3 Energy will sue against the state: "We do not accept the decisions of the government"
CEO described the performance of CEL as "not serious" and said the company's shares have fallen by 25% as a result of this case.
By Juan Manuel Villagran S.
Always said would come to "the end," and now is the time. Li3 Energy, one of the firms that make up Posco Consortium (with Posco, Mitsui and Daewoo), and had the second best winning the contract for development and operation of Lithium (CEOL), will sue against the State of Chile this failed process, which has just been vacated by the Ministry of Mines by resolution exempted final. This is detailed
Financial Journal
the CEO, Luis Saenz.
- What do you think that the annulment of the bidding process is ratified?
?-I do not understand what has happened. SQM contest was disqualified for breaking the rules. The logical thing is to continue with the others who qualify. I think the performance of CEL (Special Bidding Committee Lithium) was not serious. Today the whole issue has been swept under the carpet as if it never happened, and we who have been harmed.
- Participate in a new CEOL?
-Before talking about a new CEOL, we should address what will happen to this CEOL. This is not something to turn the page and go to another chapter. This was advertised CEOL was administered and was tendered. Finally, failed by a series of mistakes and irregularities of which they handled, and I have nothing to pay the piper.
- What bothers you about this situation?
-It seems that in all this they have forgotten that truth Li3 has shareholders who have invested more than $ 30 million, and all with the confidence that Chile has a rule of law that is and will always be respected. The award this CEOL is not just a slap to due process.
- Do you think that affected the country's image?
-Chile is characterized by having serious processes in this area, and what happened here is not serious. How do I explain this lack of seriousness as more than 4000 shareholders? We have nothing to be happy. Both Chile and we came out losers in this novel.
- What steps will now?
-We must continue to the end, and we have to respect our rights. Here, we are hurt by the actions of SQM, and do justice, SQM's favor. That is not possible. We do not accept government resolutions. There is still much bread slice and we will go to court.
- When?
-If we can file the complaint against the state this month, we'll do that. For us the 'seal up' the process, is to find a solution and not leave it as if nothing had happened.
- Would you accept a measure that will repair the damage monetarily?
-We have invested over $ 30 million. If we would repair any costs and administrative expenses of lawyers. That would not help.
- Do they have affected this failed bid in its market value?
-Yes, we have had a fall of about 25% of our heritage.
- How were your sales projections with lithium, and how would without lithium?
-We planned U.S. $ 120 million annually with lithium and potassium. No billing lithium ? stay in $ 50 million a year.
- Is the option to explore the lithium in neighboring countries?
-Yes, in Argentina. From there we have come to offer projects in the last two months. It's a possibility.
- What do you think of MCS?
-Blatantly lied. His performance leaves a lot to think about. Us to uncover this subject, I have saved $ 41 million SQM, because they never had a concrete project to develop lithium thank CEOL. More over, they returned his performance bond, that is, intentionally or not, has favored SQM.
Is the current PPS a good entry point for this stock? Opinions please!
I 'INTEND' TO!
If the next PR has the word 'intends' in it, I'm going to spontaneously combust.
Agree 100%.
WL cannot be trusted.
Greg,
Your guess is as good as mine!
WL has been a dismal failure and should be replaced with a new CEO imo.
Worth holding on to?
Look at the PPS and you can see that MMTE mgmt has failed.
Very likely WL will find a way to pocket all the profit and leave the shareholders with nothing. Sorry dude, the PPS and lack of communication speaks for itself.
We need a new ceo. Thats our only chance.
However, I cant remember ever seeing a date in a wl generated pr. The r/s pr had a date. Chances are were screwed.
Good point! WL has made a lot of promises in PR's that he has not followed up on or finalized.