"In 2011 Greenearth Energy secured an exclusive worldwide research and licence agreement via NCF for a revolutionary technology that has the ability to convert CO2 emissions into fuel.... The groups investment is represented by a 50% ownership in NEWCO2 Fuels Ltd Israel(NCF).... As described in the 2012 & 2013 annual reports, an option deed was entered into which grants Erdi Fuels Pty Ltd the right to aquire Greenearths 50% ownership of NCF in return for providing the investment into round A funding of NCF.... If the option is executed, a royalty stream will be granted to Greenearth.....HOWEVER, The current ownership structure of the investment in NCF is currently in negotiations"
refer announcement dated 11/3/14....
and we are in a trading halt awaiting announcement of a material transaction and capital raising...
The lighting business sounds good but a technology that turns CO2 emissions into fuel... that's not game changing, its climate changing.
"In 2011 Greenearth Energy secured an exclusive worldwide...
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