april fools, page-2

Hi Slew

Your subject heading caught my eye this morning and I have
spend just 5 minutes doing a bit of reaserch. I think your subject heading is 12 months old. By this I mean that Pat played this joke on us 12 months ago.

As I said before, I have just spend 5 MINUTES researching our "unique" products and came across the following companies

Eco Quest
Pro-Pac Packaging
Sancell

Now I am not an expert in this field, but just a 5 minutes cursory look at the above companies tells me that our products are not unique at all.
Now I know, why we never got an announcent regarding the first trials with the disposable bags. We lost!

Which brings me back to the criminal valuation of the bank rupt company we have taken over and the resulting 1 billion shares on issue, Its all very well to talk about billion dollar markets, but it is criminal to make a valuation of a BANK RUPT company and not talk about the opposition and how much of the market is already captured.
No where in the valuation of this company was opposition and existing products mentioned. When i lodged my complaint with ASIC, I lodged it on the basis that the valuation was self evident absurd. I had not even bothered to do any research.

Sure we have "patents", Pat loves to take out patents, and loves to trumpet them on the ASX. However, they are not worth the paper they are printed on. Look at the list of Patents associated with Aqanox.
We need real information. We need to know how cost effective our products are against existing non green products and against existing green products.



If we are going to break in what appears to be an already
crowded market, we are going to need managers! And I am not talking about managers who are good at making presentations to shareholders. The current management is inept. If it wasn't, the company would not have been bank rupt.Scientists are great to have.In the LABS. We need real managers to sell.

Sorry to be negative Slew and harping back at history. But as I said on a previous post, he who ignores history is bound to repeat it. The burning question I have repeatedly asked is why is Pat doing these capital raisings if sales are imminent? There is no capital expenditure required for manufacturing expansion. Now I understand!

Anyhow, on a more positive, its a 4 day week end. The sun is still shining. I wish every body a Happy Easter, and for goodness sake be safe on the roads.

Regards


Pear