"For three years, Mr. Grant has primarily concentrated on locating a suitable acquisition for Chancellor and worked on several other film and investment projects."
Chancellor Group Terminates Deal for Zimbabwean Gold Mining JV - cbl
How Mr. Grant got hooked up with Kasian Franks I'll never know, but he must have seen potential in Pimove and then Fuelist. Aside from the oil business, it doesn't seem like he would contribute well in excess of a $1 million into two start-ups without expecting at least a reasonable return on his investment.
With Chancellor's 1st Quarter 10-Q due this week, I would hope we would get some update on the status of Pimovi and Fuelist. By the way, it was mentioned that Pimovi was working on other initiatives besides CamFusion.
I noticed last Friday that out of 103,000 shares traded, 101,000 were at or near the "ask" which is just the opposite of what I've seen over the past couple months. It could be sign of something good coming, but of course that could have been just an aberration, as well.
These start-ups just never seem to produce anything in the time we think they should or want. Hope we're getting close to hearing something.
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