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Bourque Industries, Inc. Message Board

  • avintage1956 avintage1956 Aug 30, 2009 9:05 AM Flag

    Russel Email JV

    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.

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    • Avintage, thanks for the update!

      So far it's always next week.

      A go/nogo decision was to be made on this JV/merger by Saturday. So by your update: the decision is a GO.

      If .. if .. if this actually happens - who knows the stock price may actually touch $2 sometime within a year.

      I still think a merger makes more sense, but ANY deal would be fantastic.

      Thanks again Avintage for the update.

      • 1 Reply to mdbcolorado1
      • 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.