Techlabs Inc. (fka TCHL)

[jimmenknee]

Don't believe this is the right board to discuss BHUB's ownership.

TELA is clearly owned by Yucatan. Yucatan/TELA PR'd that they had an agreement in principle, which in part would "capture" unreg BHUB shares. According to a poster who talked to BHUB's pres, that deal may not be possible.

TELA PR'd that they had agreed in principle to purchase Storm Depot. The Stom Depot business (currently 1 or possibly 2 stores) would have included up to 12 stores and 17 +/- dealers within Florida. The revenue projections were 2.4+ mil for one Storm Depot store. The fundamental side of TELA seemed promising, but the deal was in principle.

TELA's latest PR is now that they have an agreement in principle only for the opportunity to market a Storm Depot franchise. I see no other interpretation save for the fundamental side to this just got whacked.

TELA PR'd earlier that their sub, Hemisphere Metals, had contracted with Storm Depot for Storm Depot to purchase alum products from them. Believe that was also contingent on their receiving products from Sports Alum in Venezuela. If those deals are actually contracted, awesome, TELA's fundamental side gets better. If so, the 10q for 1st q 2007 should address this. Hoping the data shows up.

Believe all these are fair DD areas of concern, I know they speak to the fundamental side rather than the technical side, but both sides are viable and contributory to the "value of the community."