Replies to post #65074 on ProText Mobility Inc (TXTM)

[dld_ip]

No one is going to invest a half a million in equipment when the South African government has been dragging their feet for years. At this point I don’t think the company knows what to do even though their science is good they have sought after patents. The US joint venture when we have that in writing is probably the best bet. The whole thing gives me a stomachache to be honest. This has dragged on way too long.

Txtm

Txtm

[Stockfun1]

Clearly you have misunderstood the main point of this statement. The SA govt has been notoriously unreliable during this volatile time in there history. They have not produced one single license. Not to private small business, florist, pharmacist. These have no expensive upfront cost, yet still no license. 3 Points
1. TXTM was absolutely positively correct in not investing 1/2 Million dollars of your money without a guarantee that the license would follow. If they would have and not produced a Manufactures license to shareholders we’d all say they were idiots.
2. The application clearly notes that licenses will be granted on a “provisional/ contingent basis” ( before major investments in infrastructure required) . After Provisional license granted then company can invest and final license would be granted.
3. No one ever said TXTM could not invest the needed funds to start the manufacturing of process. Read my post and you’ll see that you have interjected your own thoughts. Not cool to twist words. IMO they have what it takes or can raise the funds at a moments notice.

[Rocketstockpix]

It's called a conditional agreement. ain't happening. txtm needs to move on to something else..at least they tried. glta