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Re: A deleted message

Friday, 11/12/2021 1:53:32 PM

Friday, November 12, 2021 1:53:32 PM

Post# of 27621
The financial statement clearly show that the company has enough to promote the story, file patents and do some travel. Clearly there is no evidence in the 3rd quarter financials that they have the cash now or anything under contract that requires disclosure in the financials.

The only thing that we do have are a few press releases that reference two agents that will try and find the funding at the project level.

Roselle has had sufficient time to find a credible bank or fund to fund the Ecuador projects. Any big name funder can close a solid deal in under six months from scratch. I suspect that Roselle could be facing some reluctance in finding funding for South America. As for the Congo, many top banks would take a pass based on country risk let alone technology or management risk.

Our newest agent may have better luck but there is a potential overhanging problem in raising project funding if the story of the project has been shopped around for too long. The industry takes the approach that if no investment banker has snapped up the deal by now then what is wrong with it?
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