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Re: EmptyBones post# 3096

Friday, 03/27/2015 10:16:37 AM

Friday, March 27, 2015 10:16:37 AM

Post# of 109742
TPAC Very Nice Reply from the CEO !

Thank you, Don !

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=112159330

Emails between the CEO and I.

March 26, 2015

"Can you comment on the potential joint venture partner?
Or give a timeline of when you will acquire such a partner?
You discussed it in your October press release,
but have not discussed it since.
It has been about 5 month.
Thank you."

"I am cautiously optimistic that there will be a positive press release in the near future. I am in China and we continue to work toward that goal of a JV.

Regards
Bill McKay"


"Thank you for the quick reply.
Best of luck in China.
I hope you guys find a partner,
and take your company to the next level."


"We will find one.
I am confident about that.
We have been hindered by a few things.
Firstly, Harbin Bearing is a state owned enterprise.

Much like the government, they move at the speed
of a glacier. They are more concerned with politics
and self-preservation than business.
So, while we are still communicating with them,
we are looking toward other, private partners.

Secondly, Lunar New Year was on February 20.
The country effectively shuts down
from about February 6 until March 15.
So not a lot is accomplished and what
was accomplished prior to Lunar New Year
has to be revisited.

Thirdly, it is the nature of many Chinese people
to be extremely cautious when making final decisions.
Simple decisions that we make with little thought
are agonized over with people here.
So one must learn patience.

Nevertheless we had very successful meetings yesterday,
going well into the night. The group is a large private
aerospace group and we are hoping for a decision
and announcement shortly.

But in the event that this partnership
does not come to fruition
we still have Plans B, C and D.

Regards,
Bill"











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