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Thursday, February 20, 2014 4:04:01 PM
We have three LOIs in consideration for the Company. One is in Coal resources, second is with a NASDAQ company for one of their subsidiaries, and third is with a German PV manufacturer for two of their U.S. subsidiaries (with revenue of $35m). We have announced the first LOI with Torch Light and will announce the other LOIs when appropriate. We have also been seeking heavily on three fronts pass these initial LOIs; 1) Medical marijuana, 3) Hemp related industrial applications, and 3) Bitcoins. We have made good inroads in last two. Our technology background (and partnerships) would complement well with the Bitcoin technology and hemp applications. We have discovered an application provider for bitcoin wallet and bitcoin merchant app that may suite well with our business model. We are also considering partnering with Infrax Systems to use their proprietary security technology to build hardened bitcoin wallets and bitcoin mining computers and hardware. We have also considered licensed farm lands and properties for growing hemp and medical marijuana. We will explore all options to maximize shareholder value.
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