Is Paul working on the engine yet? What's happening with the Chinese group? Why no updates???? Why is management keeping us in the dark? IMHO, just shows how unprofessional this management is in regards to its shareholders! I believe they need to step aside and let the Chinese take over!
Hi Homer, Yes, Paul began work two weeks ago, and is still in the process of individually testing each seal to be sure it is properly made and will not damage the engine. Progress was stalled for most of the past two weeks on this because Paul has been over in China talking with various groups about the RadMax engine. The meetings were arranged by Jina Liu, the new board member. This trip has also stalled any press releases. And, there may be a delay in the Vancouver Exchange's approval of the additional shares and payment because if Zhongling exercised the associated warrants, it would give them 40% of REGRF. Vancouver would not stop the transaction for that reason, but it wants reassurance that Reg management and shareholders are aware of that fact. Jimmy