Much, much better shape with Dr. Jones! Based on the news TNL brought to the board I re-read the PR below. Even if this Converde/iKingdom partnership were legitimate, they were probably a year or two away from developing and prototyping a machine capable of extracting products from hemp and cannabis plants of which Dr. Jones already has a patent pending. The GRCU BOD did an excellent job of turning a bad and destructive situation into what could become a very positive one. If this is the "Universe project" Calkin was speaking of then he is light years away from catching up with Dr. Jones and team. I'm a mechanical engineer and developing and prototyping a working machine with this much complexity is not accomplished within months. What development team of engineers and scientists did Converdi/iKingdom have in place to bring this machine to market? A $250K budget? LOL! Who reported they could engineer and prototype such a machine for $250K? I assume a machine like this requires grinders, sophisticated filtering, pumps, separators, valves, holding tanks, possibly evaporators, controls, software, etc. What a hoot!
Converde Energy Inc. Formerly W2 Energy Inc. Receives Purchase Order and 20% Deposit from iKingdom Investments
CAMBRIDGE, ON(Eteligis Inc.)
CAMBRIDGE, ON, Canada, via ETELIGIS INC., 11/24/2014 - - Converde Energy Inc. formerly W2 Energy Inc. (OTC Pink: WTWO) (PINKSHEETS: WTWO), is pleased to announce that it has received a $250,000.00 USD purchase order and a 20% deposit to develop a simultaneous grinding and extraction machine capable of extracting products from hemp and cannabis plants. The company has entered into a Memorandum of Understanding (MOU) with Delaware based iKingdom Investments Inc., www.ikingdomii.com for the creation of a Joint Venture (JV) that will specialize in the extraction of Terpenes, Cannabinoids and Fatty Acids from Hemp/Cannabis Plants. This system will differ from other extraction machines in the market, as it will be able to remove the products from the plants without high temperature or pressure. This method will allow the active ingredients in the plants remain in a more natural state without the extraction process denaturing the product.
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Green Cures & Botanical Distribution Inc. (GRCU) Stock Research Links
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