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JPS02

08/22/08 10:04 AM

#49491 RE: JCB5 #49488

I am not sure if you read the letter correctly, but it is going forward. It's good for a company to be in a position to have a great opportunity in front of them that they need financing for than to have nothing. Remember this company is only 4 months old and it will take time to bring in the profits. Patience and a lot of it is required here!

"...we have developed international and national contacts that have shown interest in seeing a completed prototype. This will allow us to be in charge of the end sales and demand a much larger profit for the technology. Whereas, the initial GC2000 project was being marketed at $7 million, of which EESO would have received 25%, by staying in control of the technology we believe the technology will potentially be worth closer to $30-40 million on an initial payment."
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twogreen2c

08/22/08 10:07 AM

#49496 RE: JCB5 #49488

I question whether he is really borrowing $700,000 and really going forward with the GC2000 project. Who's to say this isn't just a headfake so he has a reason to increase the A/S because he "claims" he couldn't get financing in the amount he needed for fund the entire project. Boy it's really hard not to think and say outloud, this guy is a lying bastard. Ooops did I say that?

Who here really thinks this GC2000 project will ever materialize?