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Re: jefra1965 post# 490

Monday, 03/15/2021 7:55:06 PM

Monday, March 15, 2021 7:55:06 PM

Post# of 531
What's to be gained with this acquisition?

1. Access to capital markets.

2. Access to the Nasdaq Capital Market in the near future. 1 - 2 yeas probably.

3. A successful sales & marketing partner.
"The GX Technologies management team has raised over US$500,000,000 in equity funding from public markets, including US$63,000,000 raised on the Nasdaq in 2020; "

4. New and important R&D projects:
"GX Technologies’ assets include but are not limited to a cooperative R&D agreement with the US Army Corps of Engineers to develop graphene oxide-based membranes for use in nano filtration"

5. The commercial phase ramp up of the company has being confirmed:
"Proceeds of the Offering are expected to be used primarily for the rapid expansion of a pilot facility to produce graphene oxide in Long Island, New York, to progress the cooperative R&D agreement with the US Army Corps of Engineer"

And 6. Possible production expansion:
"....and an option to acquire an advanced industrial development site in Natchez, Mississippi to enable industrial-scale production;"