My buddy whispered this in my ear.......but he made one little mistake.....SP is 54 cents now.NOT 53!!!!And i had to post coqtail...Sh wouldn't allow me the proper spelling?????
AGM 2013.....9 offtakes prospects
Pennybags - you posted this after 2013 AGM on Stockhouse May 12 2013
AGM Summary
I hesitate to provide timeframes because I know that if they are exceeded by 5 minutes the naysayers on this board will step up their usual incessant howling.
According to Gary, financing will be closely follow offtakes (as I believe has always been the general belief). There are 9 offtake prospects with whom Focus has had extensive discussions. Bulk test material will be delivered top them within the next two months and it is expected that their testing will require about 1 additional month thereafter. So, if things proceed according to those ESTIMATES, I expect offtake(s) to be in place by late August with financing announced within weeks of that. It was confirmed that the CAPEX requirement will be in the $150M range.
Regarding Grafoid, a private placement is presently underway (@.50/share) closing at the end of May. I received a subscription package from Focus following the meeting. If any shareholders are interested, please advise and I'll speak with my contact at FOCUS to determine the best methoid for requesting the details.
The process involved in extracting graphene directly from graphite involves submerging graphite ore into a chemical coqtail. The coocktail facilitates the liberation of the graphite directly from the ore without the need for crushing. Left in the coqtail for a sufficient amount of time, the graphite expands and separates into single, dual, and tri layer graphene. I don't have specific numbers, but the overall process is expected to be very inexpensive and will revolutionize the process of producing graphene. Lac Knife gaphite is particular suited to the process due to its expandability characteristics.
The Grafoid patent is pending and it is impossible to predict when the actual patent will be granted however the process is protected by the patent process while it remains in the pending state.
It is expected that Grafoid and HQ will jointly announce a patent filing within the next few months associated with greatly enhanced Lithium Ion battery technology.
Focus itself will be filing patent(s) related to graphite processing to reduce the damage to the morphology of the graphite caused by existing crushing techniques.
Wow...$450,000 cash bonus for just 1 fuzzy worded offtake? What happened to the other 8?
5 minutes delay ? how about 5 months? For just 1 fuzzy worded offtake ? That results in Focus guidance "will not be generating significant revenues from operations for a significant period of time" pg 7 AGM MIC
SP was 60 cents then, now it's 53 cents,
Compensation committee must have a pretty low bar for awarding bonus to mngmnt...if 9 promises made at 2013 AGM don't result in at least 5 offtakes...who can't deliver?