Ann: ISRAELI BREAKTHROUGH WITH CO2 TO FUEL TECHNO, page-105

re: Ann: ISRAELI BREAKTHROUGH WITH CO2 TO FUE...
Thanks for your efforts pac23, but nothing has been clarified - in fact it has just got worse.

The page from the AGM Presentation of 27 NOv 2013 titled
"Long term potential revenue scenarios for Greenearth from NCF"
shows figures such as: Revenues per year - $280m coupled with Est. Royalties from Sales per year - $2.80m.
Now I think a ten year old could tell you that $2.80m is 1% of $280m! If Sam Marks said to you that this entire page (all showing 1%) is just an example, then what is to stop him giving examples of 2%, or of 5%, or of any other percentage for that matter? Should the presentation not accurately reflect the correct percentage of the royalty?

As to the "correct royalty being 42.5%" - I certainly hope that investors aren't thinking the the royalty is 42.5% of revenues. For example if the revenues were $280m, then 42.5% of that is $119m!

Percentage is relative. 42.5% OF WHAT? You must specify - you cannot just leave it hanging. Is it 42.5% of the square root of the profit after tax made on the sale of the first 3 reactors - or what?

I think if you speak to Sam Marks again pac23 you should ask him to spell out exactly what the royalty is... because from the GER presentations and from your discussion with Sam, I now have no clue whatsoever!