iPackets International Inc. (IPKL)

[Californicator]

Huggums Here is post by EZ... This was from Kanno. Hope it helps

Posted by: eztradin
In reply to: None
Date:10/26/2006 8:08:57 PM
Post #of 5193

Naiel and his cheif engineer will be going to China w/in a
week or two to finalize the JV agreement.

Discussions regarding specs, mfg. process, equipment to
be required, etc. will happen.

The $50 mil. outlay is on an on-going basis in which $10M
cash will be going to the technology front, but there
seems to be a misconception that this money goes to
IPKL...it doesn't, except for possibly $2 mil. which
will be booked as services become rendered.

IPKL will become the premium provider of the technology;
consultant.

IPKL has been doing some financing....I think we can all see
that. Naiel didn't go into much detail of it.

He had to go to a meeting, so I didn't ask the other questions
that U wanted me, too...other than, he did call back to
discuss those questions...but then I had some running around
to do to and wasn't able to get back to him.

So, here we're about back to square one on price.

The float is still low enough that when the seller disappears,
we should see a spike..watch the chart; the 30 RSI mark...prob
has another week or two before this reverses trend unfortunately.