OK here is what I gleaned from the Vegas trip that I can share. First - For those who feel a need to argue or question the information here. I am a messenger. I understand you don't know me or anything about me. If you choose not to believe what I share that is your perogative. I really don't care to get into a discussion or duel over the information. If you don't trust this stock don't buy it. If you own it but don't believe (well?) I really don't know what to say. For all others here it is.
After this last visit I will say this - If I had $400,000 I would hand it to Mr. Snaper today. I was able to see test results and photos showing the history of the process. I now have a very clear picture of what they can do and what they need to do. And yes money really is the key to the hold-up. For those who wonder Mr.Snaper does not have the means to fund it. He has some assets such as his warehouse but that does not translate into cash. He is footing the bill to keep the company afloat including paying Tina, the accountants, the legal support and cost of required filings. That may not sound like much but it means the company continues to be debt free.
From a history stand point the company actually ran two sets of test. In the first set of test they were able to produce large stones (like the one tested by GIA). They got the $600,000 funding which you are all aware of to run further test and establish the "recipe". When they ran the second set of test (in Rhode Island) they used different sized vessels and a different type of carbon granual. In these test they got smaller more grandular diamonds (which are actually perfect for industrial use). They did not have enough funds to refine the formula however.
The machine makes diamonds but they need to run additional test to "nail" down the recipe. The recipe would be a combination of vessel size, vessel wall thickness and carbon composition. With the recipe in hand they can change the temperature and pressure settings on the machine to vary the size of the diamond.
Based on this information the company actually needs two stages of funding. The first to fund a 3 to 4 month process to finalize recipe (measuring of temp would be included in this). The second stage would be to take the company into production.
They are working with a few groups on funding and I am working with a few different groups also. When they realized that the funding they were expecting was not going to happen they got busy and are now aggressively working to solve that issue. I don't know how long it will take. I have a lot of good contacts and some real possibilities but there is some work and education that has to be done. So again it will take a little time.
There are some other developments and possibilities which I can not share. What I have shared here is really common knowledge. I just got to see it first hand. I have no doubt the company will eventually secure the funding it needs.
They are aware of the upcoming Q report and will probably include some new information in it.
Again for those who are holding shares. They are working aggressively to get funding. Of course they cannot guarantee they will be successful. Once the smaller funding package (the first) is in place things should begin to move fairly quickly. If anyone has questions I will try to answer them. I may have an answer or I may not be able to share but I will tell you whichever is the case. GLTA
Final comment - After seeing what I have seen I am continuing to add to my share totals. I know there have been some people on this board that shouted from the roof tops about how great this opportunity was and then they left. I have probably seen more and know more about the company than any of them. I see the problems. But they are all correctable and some have already been corrected. I am not going anywhere.
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