PT Garda Persada must secure firm orders for at least USD$5 million worth of batteries from its military clientele to supply via the joint venture in order to proceed with the JV. UltraCharge will then be required to contribute up to USD$3 million to establish a new production facility near Jakarta.
The above is a great catalyst but some material terms need to be ticked off.................What I find very interesting indeed is that the largest Muslim country in the world is doing business with the Jews. Love it
Holding out for more boxes to be ticked.....................doing business in Indonesia is never as clear cut as suggested IMO
GLTAH
UTR Price at posting:
1.3¢ Sentiment: Hold Disclosure: Not Held