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Monday, August 09, 2010 9:21:53 AM
Lot talk here about need to raise funding not big problem if one deal goes through.TTCT will be responsible for obtaining all necessary licenses, permits, coal reserves, and all construction-related costs.
Company will be well positioned to continue to capitalize on the enormous potential of the Chinese market, while avoiding significant capital commitments."
With 100,000 million dollars in licensing fees, plus 200 million dollars per annum in royalties to CCTC Technology Licensing Agreement (TLA) with INK Global Consulting for the deployment of CCTC's technology in India. The initial license fee is NOW DUE.
China, providing for a 30-year contract with an estimated value to the company of some 10.5 billion dollars.
As of now
"We have completed the land acquisition and infrastructure development phases"
.
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