Thursday, June 30, 2005 2:16:31 PM
Just off the phone to Calgary
Some progress to report but nothing ground breaking.
The financing deal:
Finally extracted some kind of timeline out of the office on that but it's as you might expect, tentative. So far so good the other company they were watching as a model has officially signed and entered into this financing they seek. That's a good thing. I asked Rob any dates that might be significant about financing and he said he should know for certain whether to run with it or try a new vehicle for definite sure by the end of August.
Yes that's what I said GULP! But at least we have some kind of assured date to peg with this vehicle. As I said it all looks good but there are considerations yet (we didn't have much time to discuss what exactly) but the proxy vote is one of them. Here's an interesting tidbit though he said he had found a way around any dilution once the financing is officially signed.
Now that may be small consolation right now but I think once you get over the shock of the unexpected delay highly significant. With PearTree moving forward nicely ,no further dilution; and financing inked... I can see an oversold GBRT looking ready for some very serious poppage. Of course by that time we will be out of the doldrums but this really made me pause after that it may be 3 months before everything is put in place and in operation???
To me that says he is aiming for Spring '06 as the major launch for this thing because he won't want to PR into tax loss season to my mind. All subject to change of course but this is what he told me 3 months after end of August we could be up and running. Oh myyyyyy GAWWWD I need some slow drying paint to keep watch over and some huge barns to decorate. This has proved more tedious than anticipated for me at least.
One thing I simply CANNOT get my head around yet is Rob's open adversity to marketing promotion. It just doesn't make sense to me yet. I'm guessing he has a European heritage which traditionally is not as brash or loud mindset about advertising usually as North American methods. It's much more reliant on word of mouth advertising.
PearTree Progress:
Brazil is proving a bit of a nut to crack for PearTree these two Brazilians sought out Glenbriar initially. They don't have the economic infrastructure there we have here. No serious revamping of PearTree software needed but there will be some logistics involved to plug into the Brazilian way of doing things. He mentioned that they looked deeper into GBRT's past then anyone would dream of doing here in North America and are genuinely serious about using PearTree down in Brazil. LOTS of car construction apparently skidoo sales are somewhat slow however?
Anyway guys all for now looks like we are into and out of summer doldrums before anything earth shattering happens but I will be keeping tabs on our commander in chief and relay anything I can of significance.
ALL you realize? JMVHO GLTA!
Cheers....Rich
Some progress to report but nothing ground breaking.
The financing deal:
Finally extracted some kind of timeline out of the office on that but it's as you might expect, tentative. So far so good the other company they were watching as a model has officially signed and entered into this financing they seek. That's a good thing. I asked Rob any dates that might be significant about financing and he said he should know for certain whether to run with it or try a new vehicle for definite sure by the end of August.
Yes that's what I said GULP! But at least we have some kind of assured date to peg with this vehicle. As I said it all looks good but there are considerations yet (we didn't have much time to discuss what exactly) but the proxy vote is one of them. Here's an interesting tidbit though he said he had found a way around any dilution once the financing is officially signed.
Now that may be small consolation right now but I think once you get over the shock of the unexpected delay highly significant. With PearTree moving forward nicely ,no further dilution; and financing inked... I can see an oversold GBRT looking ready for some very serious poppage. Of course by that time we will be out of the doldrums but this really made me pause after that it may be 3 months before everything is put in place and in operation???
To me that says he is aiming for Spring '06 as the major launch for this thing because he won't want to PR into tax loss season to my mind. All subject to change of course but this is what he told me 3 months after end of August we could be up and running. Oh myyyyyy GAWWWD I need some slow drying paint to keep watch over and some huge barns to decorate. This has proved more tedious than anticipated for me at least.
One thing I simply CANNOT get my head around yet is Rob's open adversity to marketing promotion. It just doesn't make sense to me yet. I'm guessing he has a European heritage which traditionally is not as brash or loud mindset about advertising usually as North American methods. It's much more reliant on word of mouth advertising.
PearTree Progress:
Brazil is proving a bit of a nut to crack for PearTree these two Brazilians sought out Glenbriar initially. They don't have the economic infrastructure there we have here. No serious revamping of PearTree software needed but there will be some logistics involved to plug into the Brazilian way of doing things. He mentioned that they looked deeper into GBRT's past then anyone would dream of doing here in North America and are genuinely serious about using PearTree down in Brazil. LOTS of car construction apparently skidoo sales are somewhat slow however?
Anyway guys all for now looks like we are into and out of summer doldrums before anything earth shattering happens but I will be keeping tabs on our commander in chief and relay anything I can of significance.
ALL you realize? JMVHO GLTA!
Cheers....Rich
Anyway the chips fall. There is no better substitute than YOUR OWN DD
Including mine...good luck!
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