India Opportunity, page-4

Chuckle, the other company I'm invested in was also rejected by government (in this case the Victorian government) which caused a lot of shareholder grief and a stagnation in company progress. It has taken some time (several years) and heaps of effort by management, for the India opportunity to present it self and develop.

India want our technology, not like our myopic and extensively lobbied governments.

Maybe just maybe CNX's time has come (but in India). There is still a lot of work CNX needs to do, but at least someone in generally interested in the technology.

In my opinion dealing with China was a mistake as there was never any extensive IP protection available, which is critical to CNX's success, considering CNX's success depends on a licensing / royalty model.

The other company has managed to sign a binding tripartite agreement with two of India's largest government entities (coal and steel). The first time this has ever been done. Maybe CNX can follow in their footsteps. Time will tell.