Ann: FY18 Earnings Guidance Update, page-38

. Ah ha! at last we agree on something, we agree - we will never see an SP of much more than 10 cents... which by the way is 1 cent (pre consolidation). In the old days you should have seen the panic when the SP was below 1.3 cents.  Ask Gotta,I’ve, he will remember.

A future short term SP of 10 cents clearly shows that the manufacturing licence is worth exactly as I said... zilch.

Suoer Soco is using VMTs facilities because they’re empty, unused and available. Plus with the opacity of the agreement, one gets the feeling that a lot of VMT staff resources are being supplied FOC to SS. The manufacturing licence is neither here nor there. 

There is no way the Chinese government would prevent a new export manufacturer starting up. Manufacturing and export is China’s life blood.

If someone with “guanxi” in China wanted a manufacturing licence, they’d print one up in a heartbeat. I’ve worked too long in China to learn that the impossible really isn’t.