Friday, July 09, 2010 11:28:54 AM
(NO SIGNIFICANT REVENUES EXPECTED FOR 24 MOS)
They said this over a year ago. They allready got million due from a contract now over due.
Under the terms of the agreement, INK Global will pay CCTI a one-time licensing fee based on production threshold increments of 1-million metric tons, with a commitment to install 10.0 million ton capacity per year for ten years (total of 100M tons). The agreement also includes a royalty payment to CCTI for each ton of lignite processed. Initial license revenues are anticipated within 45 days.
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