Monday, June 30, 2008 6:57:47 PM
in China, one that will be filled by Aquagold International. Let's remember that a $118 million Bank of China Letter of Credit means Aquagold will not be selling on consignment like other exporters of bottled water to China. The difficulty is that we have to abide by Chinese customs concerning how product launches are announced.
With no news, we don't know if there has been a delay in executing the business plan, or what may have caused a delay.
This is a real test of patience. The problem is that the pinksheets is not the place to test anyone's patience. When traders' patience is tested they become bashers, whose negativity then creates selling pressure driving down stock prices. From that point on, it doesn't really matter how much the managers try to deliver shareholder value by building their company from the ground up. Unless some amazing news is announced with ample third party confirmation, it is very difficult to reverse negative shareholder sentiment in this particular marketplace.
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