Gary, I'll try a reply. Though I also await any official response you may have on the matter.
When CBQ acquired a piece of the China Wirless deal, I believe their main responsibility was to come up with $10-15 million in cash to fund the deal. They couldn't come up with it. The timing was not right.
Early this year, I inquired as to whether CBQ was looking to divest themselves of their rights to the deal. The initial response was that they would look to sell the rights. Then I was told that they had changed their minds.
If CBQ can come up with an equity partner interested in riding CBQ's coattails into the China market, then the China Wireless deal could be resuscitated very quickly. While it would have been nice to gain a year's lead time in establishing the two-way wireless network with a stock information and trading application, it is not too late to take advantage of the opportunity.
The question now (as it was eight months ago) is one of focus. Can CBQ pursue this opportunity along at the same time that it tries to succeed with the other opportunities in its strategy?
