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norel

09/25/07 12:58 PM

#17145 RE: imanjen13 #17140

Regarding the 20 million shares of EDLT that FMNJ will receive upon the closing of the sale of assets of Franklin GTL, Bolivia, we need to see the final details of the disposition of the 20 million shares. They maybe restricted shares issued to FMNJ for the GTL project which will not allow them to sell them in the open market. This may be a good thing depending on how well EDLT does with the GTL project? They may have a large investor from China who will finance the project and if they are successful in the GTL project in Bolivia, they may be offered other investment projects in Bolivia and other South American countries. This could prove out to be a very lucrative investment for FMNJ as the 20 million shares represents about a 30% interest in EDLT, as they currently have about 42 million shares outstanding. Something to think about for the future?? JMHO
Norel