Worst case scenario is more problems with the money and Dean has to bring in a partner to fund mineseeker purchase for a nice chunk of Quasar's 51%....
Croatia demonstration july 7
I am betting the big mineseeker contract will be finalized shortly after a successful demo. Does anyone actually think in this worst case scenario that Dean won't be able to find a partner to come in with us to front 10 million bucks for contracts like that? A little logic and reason will get investors a long way here.
I don't want to upset you, but you may be greatly overestimating the value of MS business. They just do aerial surveys, not actually clearing mine fields (that is where the money is). Their customers are the worst to deal with -- UN, NGOs and Governments. MS is using 10 year old technology. These days many companies have similar technology. Not even clear it works economically from fixed wing planes or helicopters. The blimp was a good idea, but even Branson gave up on that.
Where did this rumor of problems with the loan arise? The PR today said that mineseeker is fully funded (of which we know is 10 million) due to the news article posted by Tufan123 over the weekend and the radio interview posted by Artfink and that there is a delay on obtaining the equity option til the 31st. It never said that the loan has been delayed did it? It didn't say that the hurdles were not crossed and that Dean was not able to come up with up front cash fees etc. All this information was put on here by brand new posters that just showed up here over the last few days. Am I missing something? Where is the PR that says funding is delayed? Not to mention HDSN parked on the bid all day scooping up almost 100 million shares. Please help me out here?
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