Friday, October 14, 2011 4:05:21 PM
Jim Mccandless to me
show details Oct 10 (4 days ago)
There was a press release made on this contract. We have another, much larger contract that was awarded last month, but we need Army approval to release it. However, if you search the Internet you can find a mention of it giving the first year payments ( on a 2 year program). We haven’t released financials because our PinkSheets fee ($16,000) is not paid and they will not accept the data. I need the money for cash flow reasons. Our financials (cash flow) is good because I have only been taking 1/3 of my salary for the last two years. Before that, I took no salary for about 20 months. We can easily pay the PinkSheet Fee, the Transfer Agent Fee, The PR Firm Fee’s by selling stock at a 60% discount, but I don’t think that is fair to you or my friends that have invested in the business. We can’t seem to accomplish anything with PinkSheets except to pay a lot of fees and watch our stock drop when we release good news. We are searching for an answer. As soon as the Army grants permission, you will see a lot of news on our website. We have new R/D business with the Koreans and are quoting production volumes. Also, we have an active passenger car project in Europe.
Jim McCandless
President Alternative Fuel Technology,
LLCTel: 313 720 8680Visit or Website www.altfueltechnology.com
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