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Re: lang post# 91093

Wednesday, 08/06/2008 9:53:11 AM

Wednesday, August 06, 2008 9:53:11 AM

Post# of 137668
Thank you for the compliment Lang. Like you I wish all could read about the "80M dollar contract". Most might assume that the "contract" is for the SALE of 1000 GTMS to various GM dealers, not for the construction and sale of, specifying or outlining the limit of the joint venture or partnership.

At least that is the way I interpret it. So much abuse has been heaped upon Peter perhaps because of the misunderstanding of joint venture limitations. The way I understand it, it is the joint venture contract or agreement that is worth UP TO 80M dollars (base price of 1000 basic GTMs).

All joint ventures should include a contract, and this one is pretty sweet. I dont know how well Peter has done with pre-arranging the sales leads.

Considering 80 G's is for the BASIC GTM, that 80M (joint venture)contract may be worth up to 110M. Of course there is no guarantee that we can actually construct and sell 250 GTM's per year for four years, but the contract does guarantee us the opportunity.

Since Revenge and Factory Five have most likely signed the agreement already, to say it doesnt exist and try and take poor Peter to court on it is pretty funny when ya think about it.

Both parties must live up to their part of that 80M contract outlining our JV or partnership.....of course Peter could help things out a lot by CLARIFYING the situation as most do not understand it at all.

By having Mr. Borden confirm this joint venture worth some 80M - 110M to us, it SHOULD stop a lot of crap on this board.

Remember folks, a joint venture requires a contract betwween two parties, and this 80M contract has been confirmed by Mr. Dave Borden in speaking with FActory Five. Also, 80M is the bare minimum (if all 1000 GTM's were "basic" builds - no options).

WHAAAAAAATTTTTT!!!!!????? - yes folks, its true. The deal is for real, just like Peter has said all along. To be truthful though and fair to our board bears, I dont think this SMALL point has been brought up before or considered - but there it is.

Now you know why Pen wants more stock hehehehe.


Regards - P.