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Jackroch

02/02/11 11:49 PM

#2068 RE: skyhi #2067

IMHO this goes back to the definition of Joint Venture that I posted earlier.

CGG n-e-e-d-s a company like CPOW to be able to do what the plan is.

Read through this and let me know if it becomes any clearer for you.

http://en.wikipedia.org/wiki/Joint_venture

For me, this is why a JV and not a buyout.



Thinking this over more, I figure there will be some chinese investors that would want to buy CPOW stock if this comes together...
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palmspringsbum

02/03/11 8:53 AM

#2070 RE: skyhi #2067

My grandfather had a cow with blackleg. He had to shoot him. Thought he was going to have to shoot the whole herd.

http://en.wikipedia.org/wiki/Blackleg_%28disease%29
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Jackroch

02/03/11 9:05 AM

#2071 RE: skyhi #2067

Good morning skyki.

I already replied to you once on this but I have done a little more digging.

On the Canola Concil of Canada, this appears to be some kind of marketing collective or lobbyist group representing the interests of Canola growers and such. IT IS NOT A GOVERNMENT AGENCY. I love how they use the word "COUNCIL" in their title - in Commonwealth countries, the word "council" has a certain official connotation. This is similar to how some front groups use the word "national" in their title in the United States as if they were part of the US government. They have a trade publication, keep statistics, study trends and such. They don't have an About Us link - that's usually a sign. As I suspected some of the people involved with the Canola Council of Canada are CPOW's competition. Here's data on their board of directors and executive council:

http://www.canolacouncil.org/ccc_board.aspx

As someone that believes in natural medicine and alternative health, my hair stands on end with some of the company names on there. We are talking about major conglomerates involved in genetically modifying the food supply. I'm not going to say anymore - people can do their own research and this will quickly go off-topic.

While doubtlessly the companies represented on the board of the CCC would have a vested interest in preventing Chongquin Grain Group from establishing a beachhead in Canada, I am not sure they could stop this.

Chonguin Grain Group is state-owned. Let's repeat that. Chongquin Grain Group is state-owned. As such, it had a little force of its own behind it.

As for the legality of Chinese JVs in Canada, I think there are some postings on this earlier in the post stream that I saw. But here's an article related to a similar JV:

http://www.reuters.com/article/2010/06/24/encana-cnpc-idUSN2419812020100624

Good luck to all CPOW investors.