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Confuscious

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Confuscious

Re: chicagodog post# 6674

Friday, 05/27/2011 10:43:22 PM

Friday, May 27, 2011 10:43:22 PM

Post# of 80403
This was the contract that got them out of the GPS business and into the RFID business. It was a 5 year contract to deliver first Navigation devices to West Africa. The deal from my understanding was secured by a LC from a bank in Nigeria backed by Citibank. the LC was pulled when the economy collapse that's when they went downhill. My research showed revenue of $1.1ml in 2008 before economy collapse. Kay is a open guy will give us everything we need.
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