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Thursday, October 19, 2006 12:22:52 AM
The previous IR company apparently only released news to a handful of brokers in the Boston and NY area.
That could explain the pitiful performance of the stock at the time.
The previous PR said a 6% working interest, lumping it all together, but they felt it was more accurate to describe it as 5% working, 1% free participation.
The Sept. 5th PR was an announcement of a contract received, and this PR confirms payment has indeed been received.
I was told that for three years, these guys have been like professors, focusing on the theory, the technology and the projects, and not on revenue. Then earlier this year, they began pursuing contracts, but as you noted, they were in need of cash.
What's exciting to me about this point in time, is that Terra Images appears to be entering the harvest phase, after several years of proving the value of the technology, and building industry contacts.
The fact that they have been hired by two multi-billion dollar companies, within a short period of time, would validate the value of their techonlogy. Those guys don't waste their time or money on theories
I wouldn't be surprised if shortly, CPPT begins to enter a period of rapid growth.
That would be so sweeeeet.
When I have researched the history of mining companies that were now trading at $12-$16, I've could look back and see the point where they were trading sideways at .10-30c, and then suddenly took off. I have always wished I could have located one of these companies before they were in the dollars, and been smart enough to recognize their value before the rest of the market.
If my hunch pays off, this could turn out to be one of those one in a thousand plays.
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