Replies to post #16348 on Great Wall Builders (fka GWBU)

[novache]

GWBU Issued Confirmation of EURO 40,000,000 Bank Guarantee from BNL Gruppo BNP Paribas

[blacky55]

The Contract outlines a minimum purchase of EURO 120,000,000 in Start FEED units in the first three (3) years. As reported, the Contract outlines the sale of "Start 2", "Start 3" and "Start 4" units delivered quarterly starting with 9,300 units that will be delivered by September 30th, 2012 and a continued 9,300 units per quarter thereafter, for a total of 120,900 Start FEED units. Payment for the units is within 15 days of delivery as required in the BNL Bank Guarantee.

The units will be manufactured by Start Technologies Europe, a 100% owned subsidiary of GWBU, based in Topol'cani, Slovakia, the European distributor for the Start FEED units.


like it. production starting soon.