I smell news... and I like the chartI like the way this company is doing business...... picked up some at .11 and a few traders today.....
Maple Leaf is expected to sell the Whitebark pine seedlings at aminimum price of approximately 19 Canadian cents per seedling,providing a total value of a minimum of approximately $950,000(Canadian) for the guaranteed five-million-per-year seedling order.Astro-Wood presently requires approximately 30 million Whitebark pinetrees per year to meet its needs, which means that if Maple Leaf canexpand its cultivation capacity, then the value of the Whitebark pineseedlings purchased by Astro-Wood annually could increase to as much asapproximately $5.7-million (Canadian).
Raymond Lai, president and chief executive officer of Maple Leaf, whorecently travelled to Shanxi, China, to attend the signing of theletter of intent between Astro-Wood and Maple Leaf, comments: "We areextremely pleased with the progress made by the Inner-Mongoliaoperation. If this letter of intent turns into contract orders,hopefully by September, our seedling orders will exceed our greenhousecapacity. As a result we will inevitably need to access additionalgreenhouse space next year, which we believe is a very significantoperational achievement. We are very excited about partnering withAstro-Wood given the vast footprint that it has in China's agriculturalindustry."
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