Replies to post #23603 on Hollund Industrial Marine Inc. (HIMR)

[edfei2000]

Ok.....

I have followed the technology for 15 years.....

AQCI was in Brazail with the ATH 60 and logged underwater trees.... mistakes were made Just ask the old CEO of aqci.... However I do recall AQCI speanding $100K to build the arm for the ATH120.... The CEO of VLEN or Valor energy tried to Market the Tech to the gas and oil industy..... However Nat gas went to $19 in the mid 2000's so he went the energy route..... And spun the technology off to HIMR..... So we went form a low share structure to a very high share structure. A mistake.....

If the company is going back to Turcuri then I would say there is a very good chance with the lessions learned down there Logs will be cut.

[edfei2000]

RECENT TRANSACTION

During January 2008, the Company sold all of its interest in a large scale manipulator system technology, to Hollund Industrial Robotics Inc. Mr. Westgarde summarized the transaction benefits, "Selling this technology to Hollund has accomplished major objectives for us. We have been able to improve shareholder value by canceling the only other remaining block of 1,776,196 Series A Convertible Preferred shares held by a former executive. This preferred stock, if converted, would have resulted in an increase to the outstanding common of 108,347,956 shares. The cash that was committed in the deal has already generated important cash flow to fund our proven natural gas development in the Sargent South field operations. Also, the transaction involved Hollund assuming certain other weighty stock commitments and the elimination of certain notes payables from the Company's balance sheet, further improving our Company's liquidity and cash flow. The elimination of additional R&D expenses, required to commercialize the technology, is consistent with our continued focus on increasing operations and revenue in our primary energy sector. Additionally, we have reduced our shareholders exposure to development risk that is inherently associated with any new technology development. Valor is considering potential opportunities that may be available to market this technology in related industries going forward.

The Company is currently working on several initiatives to enhance the Company's value through diversification in the energy sector. We would like to thank our shareholders for their patience and continued support.

[TexasRambler]

In the 1800's the logging industry was very robust in Minnesota and Wisconsin. A lot of the cut logs were moved by floating them thru the Great Lakes. about 1900 the industry declined. A few years back it was discovered a good amount of logs had sunk into those waters. A number of companies popped up for a few years to harvest those sunk logs. The wood from those logs were selling ABOVE premium because the wood in that quality has not been available for years. A number of companies made a lot of money.
Now, a number of dams and reservoirs were built in the early 1900s are still there, with these "forests" sitting there underwater. Yes, there is money to be made. The company has to execute there business plan. If they do, the stock will move up nicely.

It is certainly your right to think this is STUPID.

tex