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Zongshen Pem Power Systems Inc T.ZPP



TSX:ZPP - Post by User

Comment by lr7on Aug 12, 2008 12:13pm
536 Views
Post# 15376880

RE: News - Amendment with ZIG for Gas Bikes

RE: News - Amendment with ZIG for Gas BikesThis is quite the sweetheart deal for ZPP.  They don't sell as much of one product as targeted so they simply given another product to make for it.  I've never seen anything like it.  And the arrangements with ZIG were a real sweetheart deal to begin with.  Evidently ZIG and its CEO are doing everything they can to make ZPP a success regardless of the short-term cost to them.  Remember, these sales of gas bikes are coming directly out of ZIG's potential sales.  And the CEO (who I believe is unpaid) has not been selling shares.  The selling has come from an outside director (I'd probably replace him at the next AGM if I were running things).
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