I spoke to Steve Burg
He said something about being in Nigeria 2 weeks ago. I asked if the walls were up, he said on one building up 4 feet, then later said 2-3 feet. He said the construction has slowed because money is scarce but it will pick back up when they receive the funds.
When?
Next week. He thinks. Although he has been told this before, so he just doesn't know for certain anymore.
"Early next week?" I ask...
He says something like I'm giving you next week, that should be good enough. Which it was, I was just being greedy.
I asked him if trials would start right away for Hemoxin in the U.S., he said he hoped so, but he didn't know. There was talk of it, but he wasn't sure if there would be enough money to start. The number one goal (of course) is to build the plant in Nigeria, and that could pay for any trials. He said he hoped Hemoxin trials to start this year. 4 year time frame for approval after trials start he said. 5-HMF will take much longer, 10 years he said.
I asked him how large (in square feet) the new production facility in Nigeria will be. he said he didn't know for certain, it was 5 buildings, he said he thought the one building was 24,000 square feet, but he wasn't sure.
So, the gist of the conversation is: Funds received next week.
P.S. I hope the board (under new management) will JUST SAY NO to off-topic posts, every day, all day. Do you people want to make money (and provide DD for potential investors..not to mention make it easy to find good DD yourselves) or do you want to blabber?
