'We are conducting negotiations with prospective purchasers of machines, but do not have any committed orders for our equipment. We are also in negotiations with at least one distributor for an exclusive license for our technology covering a designated geographic area, but the terms and conditions are not completed. In almost all cases a final purchase order agreement or a license agreement is unlikely to be consummated until we can demonstrate that the prototype is capable of processing large amounts of material in an efficient and timely manner. We are not presently devoting any time or funds to the construction of plants to exploit our technology. Any such effort will require capital in excess of funds available to us, and will require us to "partner" with a company with much larger resources.'
This is from the latest filing.Does it fit in with your pre-xmas optimism? Compliments of the season.
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