Jade2010... Agree with ya that no one wants to invest in a sinking ship, but it is hard to determine, then, what is taking Fu so long to decide. The fact he hasn't signed on yet is more proof that he thinks GOIG ACTUALLY IS a sinking ship and that eventually Ike will just come out and say the deal is off (if it was ever on to even begin with).
Fu was already sold on the concept according to Ike, and that's why he was supposed to invest by June 2010. What happened then? Then it was by December. What happened in December? Now another delay. Imo, the deal will never happen. I'd like to be proven wrong and that we get a loan from Fu instead of giving away chunks of the company, but odds are it was a sham to begin with and there will never be any money from Fu.
What smells here is that GOIG has no patent pending in China, so what the heck is stopping Fu from initiating the concept on his own over there? Nothing....and it would only take a month or so to get the concept rolling over there. Whether or not there's a market for it is to be determined. Let's hope the USA and Canada aren't a harbinger of such. That's why I think the whole LOI with him is a crock. I just don't see Fu would have to give us anything if all he was interested in was China.
Likewise, best to you in '11 with your investments.