A deal to buy raw material is not truly bankable unless there is a shortage of supply. What is bankable are solid long term contracts for product off take.
This press release was little more than name dropping; no discussion about volume agreed to in the press release. Expect there are caveats about GCEI putting in a plant and having the demand, etc. Could they be calling an executed letter of intent an agreement?
Take a look at JBII's history to see what lies ahead for this company and its investors if they do try to make a go of it. This is no where near a slam dunk.
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