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Re: poorman1 post# 4759

Friday, 03/16/2012 11:10:09 AM

Friday, March 16, 2012 11:10:09 AM

Post# of 7132
Yes but isnt the deal with Bibby's a factoring facility - so any actual orders could be funded via that.

So basically they require funding to market the product and get orders to even make the Bibby's deal work.

In these market conditions any business startup like this will struggle to gain finance.

Looking at the website and age of press releases this has been around for a good while, yet still requires the funding needed to generate orders?????

Looks dead to me, just needs someone to tell Glover/Larson.