Replies to post #12311 on Energy Resource Abundance (ERAO)

[MichiganDENTist]

We are well overdue for a PR on financing or sales.

The hiring won't take place until the funding is secured, so we shouldn't expect any announcements about that.

It would be great to hear about the manufacturer deal, but I don't expect that for a while. They may even wait until the '13 model year. The announcement probably wouldn't take place until next spring or summer.

The cell blocking integration most likely won't happen until the next generation of the product, so I don't expect that.

I say the next PR will be either financing or sales.

Go NVSR!!

[arpj1944]

River, Navstar did not give specifics on the amount of money they were seeking to inquire in their May 31st 2011 PR. They just said that they were negotiating to get funding in order to start production of products for the 3rd quarter of this year. I was told by John that they were required to give the exact amount of funds they were seeking in their filings with pink sheets. They were required to do this in order to complete that process. Once you open that door the authorities like to look inside. This was issued in their pink sheet filings.

Item 4--- Management’s Discussion and Analysis or Plan of Operation.

A. Plan of Operation

1. Plan of operation for the next twelve months

I. The Company is in the final stages of securing $2.75M of funding which will satisfy the cash needs and allow the Company to become cash flow positive.


This seems to be the last hurdle in NVSR's race to become a viable player in the asset tracking markets of the world. Mr. Pritt mentioning the fact that the "Company is in negotiations with various investment entities, both foreign and domestic, to secure the long term funding needed to manufacture and sell their “state of the art” GPS/Wireless tacking and monitoring products lets us know that they are setting up financial partnerships that will take their products to international markets beyond those of Canada and Mexico. Considering the fact that we still have a partnership with Riviera Finance, things will really be set to roll once the latter deal is concluded. The next two quarters should produce some very significant milestones for Navstar Technologies.