japan

I am a first time poster for this stock, but a shareholder of almost one and a half years.

For me the Algae.Tec story started to become a reality with the Worley Parsons MOU for the simple fact that Algae.Tec wouldn't have attracted the attention yet alone sign an agreement with an entity such as Worley Parsons unless what they were proposing to do was a real goer.The same can be said of the latest announcement regarding MacGen and Lufthansa et al before them.

Something that appears to have gone under the radar is the apparent fact that Algae.Tec are now in discussions with a Japanese group for a joint venture. What I found interesting about this is that it is the first time I have heard Japan mentioned in relation to Algae.Tec and that Roger Stroud didn't refer to a Japanese group in Japan, but a Japanese group in Asia. There are some very big multi-national/global companies in Japan that operate throughout Asia and around the world as a whole, so I find this to be a really exciting development if they can come to an agreement with the as-yet-unnamed Japanese party. Very few countries in the world are as resource-starved and yet resource-hungry as Japan is and even though it is much weaker economically than it used to be, it still has a population 5-1/2 times greater than Australia's and it remains home to many of the world's biggest companies and it is still one of the world's largest economies (3rd behind only the US and China).

The 2GB interview which was briefly touched upon by another poster can be accessed directly through the following link http://www.2gb.com/audioplayer/10083 with the interview kicking off 1:07 into the audio clip. The reference to Japan occurs one minute from the end of the recording in which Roger Stroud also mentions that they are in discussions with a group in Brazil in addition to the group in Japan and that in both cases Algae.Tec would be looking for joint ventures rather than outright ownership, an indication of the signifant size of the likely agreements in comparison to the smaller-scale opportunities available in Australia in which Algae.Tec prefer to own in their own right, if the MacGen deal is anything to go by.

As for the perceived slow progress of the company, it is nothing that Roger Stroud hasn't said and hasn't been saying for years. Investing in this company was always going to be a long-term proposition and so it is proving, just the way he said it would when I first started following this company two years ago.I am very happy with the progress that has been achieved thus far and I am looking forward to hearing news out of Brazil and Japan either later this year or sometime early next year.

Out of all of the stocks in my portfolio only one or two others can challenge Algae.Tec for the title of being the most exciting and having the greatest potential for doing something truly amazing for a planet in desperate need of doing things smarter, better and cleaner for the benefit of all of its inhabitants.