Replies to post #13787 on NewStream Energy Technologies Group Inc (NSGP)

[Funstick]

BTW, I am not bashing. I am asking legit questions?

[greenpar]

China deal still on track

I do not see anything statement about $250 million in the 10K

Far as CCTI Payment the agreement is they only put up 20% of the 8.3m and make next payment in two years.

SMIRSC will provide approximately US$ 25 million in capital, land use rights and improvements, coal reserves for feed stock.

Each party has committed to contribute a minimum twenty percent (20%) of its share of the capital of the joint venture within 90 days of receipt of formal Chinese government approval of the project, and shall make the remaining capital contributions within 2 years in accordance with the progress of the project

[humblehawk]

Yes, it seems that 2 things need to happen in order for CCTC to get the deal in China.

1. They need to turn the "MOU" into a FORMAL JOINT VENTURE.

THEN THE CHINESE GOVT HAVE TO APPOVE IT B4 CCTC can go forth.

If License revenues are not enought for CCTC, they will need to raise capital ...imo

This would lead to a decrease in the ownership % of each shareholder.

This is how CCTC mentioned that further dilution or financing can affect your return on investment

imo

I would love to wait and see how they go about rasing it to continue their operations

imo

I think i am going for that offer price later on..imo