I find it simply AMAZING how quickly this JOINT VENTURE GOT DONE.I guess they must still be drafting the JOINT VENTURE THEY ANNOUNCED ABOUT 5 MONTHS AGO. THEY NEED TO TRADE IN THOSE QUILL PENS THEY ARE USING TO DRAFT THE AGREEMENT. SOUNDS LIKE THEY ARE STALLING BIG TIME....JMO
From WTCT's June 30,2011 disclosure statement
As we have reported several times in news releases, a primary objective of the company is to secure the necessary funding to move the fuel reformer towards completion. The main focus has been and continues to be with two potential partners. The first being Chicago based auto parts manufacturing company with ties to almost every major auto manufacturer in the world. Their partnership, when completed, will provide us with the technical skills to take the “alpha/beta” design to the manufacturing level. What is being proposed with them is a “joint venture” between the two companies. At this point we are waiting on the draft of the JV agreement so our attorneys can review it and make the appropriate recommendations to management. The agreement has taken much longer to draft than we have anticipated, but we are in regular contact with the attorney drafting theagreement, so we are confident that a draft is forthcoming.
AI
