BB has some points. JV has nothing to do with the Company's financial. JV is looking for the technology, think of power technology to be a life time technology, it is not for few years and get over it. JV will get their money from the projects upfront before GDTK gets anything, also Steirwave will get the loan payable from the profits upfront before GDTK share.
Look at the Company's expected cash flow. It is on their website, first year will be tough but then the amount of cash flow is huge to pay off the current and steirwave debt.
Slopoke has some points too. Why Steirwave will join them without the FS. But RTR was operating and there was revenue and net profit. I think this was the incentive to have the JV after seeing RTR financial. Additionally, they might have seen a non-published financial that made them happy to create the JV. In addtion to the life time techology and being representative in Europe.
I understand we are in the dark and it is frustrating, but this is the deal in the penny stock, they can be huge and can be nothing, they are just looking for someone to have trust in them and then they will move. Gladly we got Steirwave.
IMHO.
GLTA
