Russel wrote to me and stated that the JV is still in the works, he was working on the paperwork and plan this weekend. John & CJ were out of town acquiring financing. By mid week everything will pop. I am going to buy more shares this week. Take a chance.
Armorworks of Phoenix went from basically nothing/encorporation in 1996 to over $100 million in contracts in 2008. I think they lost out on a $billion contract in 2009. Pretty good potential growth for the armor business!
So this is encouraging for GPGI/JBIT. To be located near Phoenix is ideal and with a near empty building designed to be expanded with over 100 acres to expand & for use as a test range.
Assuming by Avintage update Russell & owner-of-JBIT have now committed to a GO for JV/merger.