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jyyoo

01/12/18 12:27 PM

#128592 RE: Mr. Fister #128575

So to answer your question about the CA deals you asked earlier:

The partnerships being pursued have been on temporary hold until financing is closed but are in Africa, India, and Vietnam. Solomon is pursuing Indonesia on his own and Tony doesn't know what is going on with the talks there but I assume they are on hold as well since greater emphasis has been placed on getting funding for Tri-way before resuming talks. (Emphasis I completely support since all "triggers/catalysts" start with Tri-way financing and subsequent debt repayment to SIAF). There are multiple financing talks going on but the main one is the syndicate bank loan for just under $100M that has been consuming all of Solomon's time, which management is still very confident in and should be announced shortly, though I have no timeline on how long it will take for an official announcement (Dan made this very clear) but as I said they are still very confident so that is good enough for me. Solomon indicted they first get funding before starting new opportunities. Partnership discussions include joint venture, technology transfer, and direct investment.

These deals can be picked up again once financing is closed and new deals will be "no problem to acquire". Africa and Vietnam are both still interested. Tony is fully engaged with the CibusDx partnership that was announced at the end of last year and is fully pursuing it on his own with Solomon's knowledge. The MegaFarm will easily sell CA deals once operations are up and running and potential partners can come onsite and "kick the tires".

Everyone talks about Tri-way but CA is truly a hidden asset in this company, particularly if Tony gets to take the lead on it.