On 5/16/2013 Hollund Industrial Marine announced it is expected the current MOU between HIMR and North Cal will soon evolve as executives at both firms now have a much better handle on future expectations, given recent positive developments at both outfits.
The above statement is interesting because it suggests much more is happening behind the scenes than we are currently aware of.
What is meant by "recent positive developments at both outfits ?"
We can only speculate as to what is meant, but based on recent press releases some ideas can be suggested.
Hollund most likely has at least one logging concession right now. I say this, even though it has not been made public, because how else could Hollund pay for a lease at North Cal --- even if the lease does state that payment is not due until some future time? Furthermore, North Cal most likely identified the type of trees available for logging in this reservoir and has determined they have a market for them. This speculation also makes sense because knowing what kind of wood is available, and then developing a market for that wood, is the only way North Cal can benefit from a logging concession procured by Hollund. Think about this for a moment, and try to understand what this all means for Hollund and its shareholders.
If the above is true, that means Hollund has access to a line of credit and the required financing for building the first enhanced version of the TigerLynk. Remember the scoreboard stickied above this board? I suggest that most of the required steps on this list can soon be labeled DONE.
We don't know for certain if a TigerLynk build has begun, but we do know a manufacturer was contacted and one was selected, and we also know the manufacturer has the capability to handle maintenance and warranty needs worldwide , because we were told so not that long ago. So I suggest Hollund might be able to complete the build and deploy its first enhanced version of the TigerLynk sometime in July should all their ducks fall in line.
How will this MOU between North Cal and Hollund "EVOLVE?"
That, my friends, is still unknown. But to me it sure does sound exciting, and it means we have a whole lot more to look forward to.
Peter Meier stated, "Our opportunity for growth and success has never seemed so immediate or as promising as it does today. We are confident that in the upcoming months, we will not be the same Hollund you see today."
And much has occurred at Hollund over the past ten months. There have been adjustments to the executive management, an evolvement of the business model, elimination of debt, launch of underwater project development teams, reduction of outstanding shares, securing an exclusive technology license and entering into an extremely favorable relationship with one of the country's most notable reclaimed wood distributors.
Peter Meier suggested that the real excitement is in the details of these events, stating: "We want our shareholders to understand the progressive thought behind each action we take. For example, what is the actual reason for our aggressively attempting to reduce the outstanding share count so substantially? Why has North Cal directed Hollund to reduce its share structure so drastically? Why is it we believe both Hollund and its shareholders will benefit so greatly if successful – what's the true value?
What a wonderful time to be in Hollund Industrial Marine.
