NewStream Energy Technologies Group Inc (NSGP)

[JamesE_]

Yes, I'll admit $23M in debt seems excessive for our two-man band operating out of a broom closet office with nothing to show other than a new kiln on an old slab along with some potentially very valuable international patents. I expect CCTI's debt will hit $30M by the time our test plant is completed and the first client signs.

That being said, $30M is very manageable once those royalties start rolling in. Wyoming New Power will likely be the first licensee to sign since they're a related party. Even if they get a sweetheart deal for their planned 2-MTPA Pristine-M plant, let's say at half that standard royalties of $3/ton, that's still a 10+ year contract worth $30M+; debt gone. Jindal and other contracts are gravy.