Replies to post #36743 on BioStem Technologies Inc. (BSEM)

[1millto1]

You may want to brush up on what CGAQ can manufacture:

February 22, 2011 08:00 ET

Caribbean Casino and Gaming Corp. Announces Giant Steps Toward the Worldwide Gaming Industry


MIAMI, FL--(Marketwire - February 22, 2011) - Caribbean Casino and Gaming Corp. (PINKSHEETS: CGAQ), A certification has been issued from the finance department and casino commission of the Dominican Republic in which grants Alheli, S.R.L, subsidiary of CGAQ, rights for manufacturing and importing the Kiosks named Gamebase ®. With this certification the company can open a manufacturing/assembly plant in the Dominican Republic and with the DR-CAFT (Free trade agreement with USA, Central America and Dominican Republic) export the units to any of these countries with no or very low customs taxes. The company also announces its 50/50 Joint Venture with Global Gaming Labs, S. A. (GGL), proprietors of software that operates the Kiosk for the Gamebase ® project.

[Dan Wilk]

Yes your right cgaq isn't the manufacture but there are a lot of companies and major corporations that sell products they don't manufacture. My big question would be is there proper patents and contracts that protect cgaq. What really concerns me is that a slot machine is just a piece of hardware without the software, for example how much would you pay for a computer without any software. Dose cgaq have proper software linceses

[Pour Bouy]

My understanding regarding slot machines (Kiosk) indicates that the physical unit will be shipped fully assembled to the DR addressed to CGAQ from one manufacturer while the software will be shipped to the DR addressed to CGAQ from another source. It is my further understanding that CGAQ has exclusive rights to the software. Consequently the physical unit is worthless without the software. Additionally the unit without the software is not considered a slot machine.

CGAQ is deemed the manufacture as a result of completing the unit allowing it to become functional. CGAQ was awarded the proper paper work granting them the right to produce these units for subsequent sale and placement within the DR in either late 2110 or early 2011. The paper work allows CGAQ to ship these completed units anywhere else allowed in the world.

I don't know the level of competition CGAQ is facing, but I am certain it is stiff. The units they are offering allegedly offers a wider range of gaming choice and the units are less expensive.

Laws are designed to provide loopholes that can accommodate whatever activities the government wishes to pursue. Maybe we won't get the track, maybe it's not meant to be and maybe that is a blessing in disguise. Tomorrow, when tomorrow comes will answer all of our questions. As long as the track remains in its present state of disrepair it's not going anywhere and will continue to deteriorate losing money for the DR. You do the math. Something must happen soon and CGAQ has the ball with three seconds on the clock. That's my opinion. PB