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Re: *MARINE 1* post# 21737

Tuesday, 02/23/2010 7:21:28 PM

Tuesday, February 23, 2010 7:21:28 PM

Post# of 34411
As another poster pointed out, products similar to SITG exist and they could have easily acquired that product without developing it themselves.

It would then just be a matter of effective distribution and marketing. They have signed distributors and MinarMar has been burning the PR wire with news.

They are most likely operating on a credit basis. Whether MinacoTradex is the primary creditor or not, we don't know.

This is pretty common for a small operation. They have been writing PRs indicating expansion but we haven't seen the results of that and I don't think we will until at least the 3rd quarter of 2010

-Chris
In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten. - Peter Lynch