A point of clarifiicationHi all,
I was a bit sad at how the market reacted to the great news this AM. I think it came down to the perception that the JV was reached by "giving away" 40% of NBM (for $3mil)...it wasn't really clear to the immediate reader. But I note that the deal was really reached with NBMSide (not NBM). This gives them the cash to proceed on production plans...and an established and great distribution system - fantastic!
But the part that people really didn't get was that while the deal was reached within Korea (and I reckon...but am not clear about...China) - what they missed was that NBM still has the ability to pursue the N. American and European markets.
The markets are fickle at this moment - and many companies are being unjustly punished.
I should think that this issue will be further clarified by the company shortly.
Hold fast - and persevere! And stay tuned!
best,
el d