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Re: merlinkk post# 5412

Tuesday, 11/07/2006 2:31:35 PM

Tuesday, November 07, 2006 2:31:35 PM

Post# of 25904
Congrats merlinkk. What we are basing our figures on to stay on the safe side, is IPKL's market cap based on a/s. a/s sits @ 2bil. Due to a recent finance, in order to continue on with joint Venture with China, IPKL needed to raise funds. If you base the numbers on Authorized, we still sit @ 2mil for a market cap. Upon completion of China JV, 50 million US will be infused for the project, just to start. 10mil of that goes directly to technology advancement, 2mil toward IPKL for services rendered, and the rest more than likely toward manufacture, development...etc. China's part in this also includes 10,000sq
meters of land to build the manufacturing facility. So you can see right off the bat, 2mil for a market cap is chump change. I don't believe the o/s still sits @ 350m. If it were, we wouldn't have the opp to pick up 1/10 cent shares. Best of luck to you, and welcome aboard.