Replies to post #2937 on Eldorado Exploration Inc (fka EDEP)

[BonelessCat]

Badge714
From PR 4/11/06 and every other PR
"Eldorado Exploration Inc. is an independent oil and gas company that utilizes a proprietary process called Passive Induced Polarization (PIP) to detect electromagnetic signals given off of some geological anomalies."

From PR 2/21/06
"2/21/06 Eldorado Exploration Inc. announced the company has entered into an agreement with Stable Resources of Lubbock, Texas to acquire an additional 15998"

EDEX has exclusive use of PIP and must agree to the use of PIP by other parties. That is the meaning of "proprietary". Note also that EDEX gets something in return for Stable Resources use, a JV. The other poster made it sound like two good ol' boys doing each other favors. Though the principles may be good, long-time friends, a handshake and a promise are no way to do business, and such arrangements can be disastrous in publicly held corporations.