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Re: jwboorma post# 414

Friday, 04/15/2011 1:53:45 AM

Friday, April 15, 2011 1:53:45 AM

Post# of 555
It is always hard with these kinds of ventures (blue sky potential) to remain patient...it is a long process, especially when working in places like Albania where the infrastructure isn't as solid and there are a lot of hoops to jump through politically. Having said that, I think it has been too long since us shareholders have heard anything concrete regarding the sonic reactor technology.

I think the company has been making solid process and keeping us up to date as much as they can (I think they realize the impatience growing..hence the mild updates recently). I think my two biggest hopes from right now (can't be too greedy) is that

1. They announced a supply contract before the new shares hit the market. This will mitigate a lot of cash flow fears which I think are substantial, plus bring in some colleteral to secure a debt financing deal.

2. Secure a debt financing deal that will help them take the company to the next level without dilluting anymore. I miss the "old" days when there was only 60 million shares o/s and I don't think I would hang around much longer if the o/s shares rose over 250 million.

As far as the reactor goes, it has been pushed to the background which is okay...allows for a somewhat unexpected (in that many people have written this news off for the immediate future) news release that could be huge. As far as hitting big oil goes....that will take time.

My biggest concern is the new shares hitting the market over the next few weeks. If it weren't for that I would be buying up right here...but I think I want to wait and see if those shares get dumped on the market or the effect is minimal...It is possible that many other prospective buyers are displaying the same caution.

As always I have nothing but high hopes for this company and I think they have demonstrated the ability to follow through...even when late. I still have the utmost faith in their ability to pull this off and still remain a happy shareholder despite the flat 6 month trading range it has fallen in.

As always, I think every reader of this board appreciates MHT's insights as well...this is just my 2 cents
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