JUGLAR JOSEPH JUGLAR, question for you.
Uness I'm misreading your posts, you are doubtful as to Novo's ability to turn a profit.
You're entitled to your opinion - and you seem to be able to back it up with numbers.
Sumitomo apparently disagrees with you. Why would a company with a reputation such as theirs even be involved with a company such as Novo if it wasn't worth anything?
I have a good friend (elderly) who was CEO of Lithium Corp. years ago. For my own benefit, I pitched Novo's case to him and could tell he was getting more and more disinterested by the minute. But the SECOND I mentioned Sumitomo's name his antennae went straight up - the entire look on his face changed. He said that Sumitomo has a long history of being VERY, VERY conservative in their investments and are SLOW to act, even when it is an obvious winner. Without even discussing substantive aspects of Novo, he gave me his blessing.