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TRCPA

08/16/04 11:09 AM

#4668 RE: Jagman #4667

Jag.......first of all, HQ Capitech made an INVESTMENT in AGES of $1 million CDN. You might think it was "giving some money away." I don't think they consider an investment to be that.

Second, you might re-read what the HQ Capitech guy said.

"The message was simply this: HQ Capitech is still very interested in the technology. Things are taking longer than expected. That is partly due to the improvements to the machine have been needed and partly due to getting a pulp and paper company to commit many dollars to a new technology.

Once the technology is perfected, HQ Capitech will be there to help with the commercialization."

So......if it was in their interest to do so..... why then would they buy the AGES system before they believe it is fully ready to go?