ip patent, page-17

Carl,

No, not frustrated really, I just hit an 'e' intead of a 'w' due to a sore wrist over last months or so.
I keep hitting the ; instead of commas too! lol.

Anyway, onto the post response now, about ESI.

I think what you believe about the importance of the smal deposit is just that - it is actually a matter of perception.

Some feel that Tincoms level of commitment has already been indicated with the pomp and ceremony, signatories and ministerial attendance from the last agreement signing.
I am in that bracket.
And some feel that the signatories and ceremony didn't provide enough evidence of Tincom's commitment.
I am not in that bracket.

I feel that the only thing this deposit is there for is to shore up the agreement that ESI have a hand in the marketing of Coldry - that is what the payment was for, for the issue of shares in return for $1.5mill, in the name of the Victorian Coldry relationship.

For ESI, more money will be needed than that and it will be via a cap raising!

In my opinion, after reading the announcements, the $1.5 mill we are discussing (thereabout figure) is not coming as a gesture that in anyway reinforces Tincom's commitment to wanting Coldry.
Nor do i believe it is coming to reinforce Tincom's desire to build a plant with us and to use our product to get Vietnam out of a massive fuel shortfall that would span 20 yrs without our help.
The money IS however, simply coming to reinforce and pay for the rights relationship for Coldry's marketing. That is a separate thing altogether when you look at it closely outside the context of the Coldry Production Plant - ie, the bigger picture

So even when $1.5 Mill does come, from Tincom, to ESI, it won't get anything moving along as such with regards to the plant or production - its to close an agreement for marketing rights and little or nothing more!

Tincom will still have to do their own side of business and DD, even if we are ready. So effectively, we will still have to wait for them and getting the money is a mere compliment, but is not vital to anything other than our marketing relationship.

And yes, many are waiting for this money, and i think that if they are assuming that the receipt of the money will move anything, they are going to be playing into their own disappointment. I'm also waiting for the money, but for very different reasons and i am not worried about it as it is very minor in the scheme of things.
I think a lot of people are simply frustrated with waiting and they are taking it out on the the 'next thing' that they thought was on the list!

At times, it has been demonstrated that some posters from HC have a tendency to set-up disappointments by misinterpreting what is that is holding up their stocks progress (in general, any stock and no particular posters).
Then, when the time comes that there is no hold-up for their stock, a new hold-up is invented, imagined or a new question mark is placed over a subject.
Its a result of frustration normally, about not knowing something and assuming the worst.

So in the absence of logic and a thorough interpretation of the actual mechanics of any given deal, one can be easily mislead by a few opinions that frustratedly beat up the importance of something that has a relatively minor bearing on the underlying issue of a stock.

And in this case, the underlying issue is Tincom getting a move on, not their commitment to us, which IMO has already been thoroughly exhibited via ministerial signatories and international confirmations.

So when the $1.5 Mill money comes, i will say 'big deal' it was always coming, in Tincom's time.

The next significant stepping stone is something else, that will be discussed in due time, regarding a FS.

And one way to look at when we will receive the $1.5 million is to know that today, we are closer than yesterday and tomorrow will be closer again to the day it comes. Sit with that and wait is what i say and then if you can, try to look beyond it, bearing in mind it is fairly insignificant.

We know where the real big money and progress will come from and it's not this $1.5M figure.

Cheers

L