My information is that large production volumes are happening ATM of kaocem for bulk field trials with large co's. There are a half dozen co's that want to sign up kaocem and we are collecting orders from here on. There is no problem with the debentures as we only need to redeem $2.3m and that can be pushed out a bit. The only reason the sp is so low is because the financial crisis caused many institutions to just dump all their MSC stock to redeem cash.
I say that announcements will start to spew out from MSC over December/January and as we were told at the AGM good cash flow by March 2009. I hold 32m.
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