RE:RE:RE:Test work completed at the University of Colorado ...Based on the Januray 17, 2017 PR, I have to conclude that ScanMag did not pay for the alternative redunctant testing. This observation is based on the PR statement:
"After discussions with NCM's technical group, ScanMag offered to pay for Nevada Clean's advanced testing on the alternate reductant. This work was finished and the results were very successful.
It's one thing to "offer to pay", it's another thing to actually pay the Colorado University invoice for services rendered. Yet, in a July 19, 2016 PR it states "
Meloy Innovation and Technology Centre AS (MITC), is responsible to pay for the new reductant testing program to be completed by the research lab of the University of Colorado, for the salary and travel costs of James Sever to oversee that testing, and contribute $20,000 CDN toward the planning and fabrication of NVM's bench scale furnace currently being built in British Columbia." With MITC being 25% owned by NVM, did NVM actually pay 25% for the CU testing? This is assuming the testing was actually done.
On aside: The July 19, 2016 PR is one of the ealry red flags that the ScanMag relationship is heading south. This leads to the following questions in the absence of the "signed" test report issues by CU:
1) Was the testing actually conducted?
2) Which CU department perfrom the testing?
3) Was a invoice issued by CU?
4) Who paid the CU invoice because it doesn't look like ScanMag given their ongoing mysterious financial woes?
WHO THE THE F__K PAID FOR THE CU TESTING of the alternative reductant material?????? It such a simple question to answer but the investors want to see the accounting records posted on the Web site.
You know who I am WA - send me the CU test report, invoice and payment records. Or is this turning into another mysterious Belcan report that RRE investors
have never seen but paid for it. Walks like duck, quacks like a duck, is it a RRE duck?