Aquagold International Inc (AQUI)

[Lochan]

The problem with the Chinese was that they would not allow
the Company to release any information to the public. De Silva
had gone too far wih his wild claims, and he had to leave. Steve Weiss told me he never would have taken up the PR work of AQUI if he had known to what extent the Chinese wanted to control that end of the business.

I don't think there was any other problem with the Chinese,
but my concern is that there may have been a time limit on the letter of credit from the Bank of China. I don't know what the arrangements were in that regard. If so, it may still have been renewable subject to the agreement of the parties.

I once asked Daniel about what they would do if the Chinese deal didn't work out for one reason or another, and he said they would enter other Asian markets. Their continued silence tells me, though, that they are still working with the Chinese, buts its impossible to get anything confirmed at this point in time.