What a shambles from PAK and FEC. Is this what happened to...

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kenmrob

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05/09/17

16:19

Post #: 27011637
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Originally posted by contraindicator ↑

I am asking more about this but i want some answers....
This was from Fareast capital and their weekly newsletter. It appears they are divesting our share of the business and then floating it in a new IPO. so we lose all our money in the investment and PAK gets cashed up and spends it on nothing no doubt.

Imagine IM progresses well on geotextiles While on graphene, it is timely to give an update on the recent progress of Imagine Intelligent Materials, an advanced materials company. Having successfully completed field trials for its graphene enhanced geotextiles last year, it is now achieving commercial sales from a production facility in Geelong and it is going through a period of optimisation of production parameters as it is ramping up to achieve profitability. The starting point has been sales to the coal seam gas industry in Queensland, where liners are needed to contain water and fluid storage. The geotextiles coated with imgne X3 have been able to deliver significant savings in design time, construction time, expenditure and environmental impacts compared to traditional regulated dam construction. The free standing, above ground fluid storage tanks can be established quickly and they can be relocated and reused. They range in size from 0.5 megalitres up to 40 megalitres and have a design life of 25 years. They can be made out of either pre-stressed concrete or steel. The addition of graphene facilitates an advanced leak detection system which can include a satellite monitoring system. As we have previously said many times, as wonderful as graphene is, it has to be taken in to industry and commercialised if investors have any chance of making profits. Mere bench scale excitements just don’t cut it. Imagine is doing exactly what is required, with excellent performance in the field. Imagine has been privately funded to date with approximately $5m having been raised. It will have another raising later in 2017, of $1-2m. This will keep the wheels turning and likely lead to an IPO in 2018, which will raise $5m or more. By that stage Imagine should have a number of other products that it is advancing which will undoubtably capture the imagination of investors.
If this type of investment may be of interest, please contact Far East Capital and we can provide more detailed information.

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What a shambles from PAK and FEC.

Is this what happened to Lochtenberg?

PAK Price at posting: 3.4¢ Sentiment: None Disclosure: Held
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