A very sober warning, and not one to be ignored...

(note: I just finished reading "No Hands" the story of the rise and fall of the Schwinn Bicycle Dynasty yesterday - this is not a new theme to me.)

Here are some reasons why I think that FTEK is the right company in the right place at the right time in the PRC:

1. This has been going on for well over 2 years! The process has involved the US government as well as PRC regional / industry and other committees.

Committee members will just have much to lose and little to gain with "wild cowboy" chance taking... who is going to risk their face / their job to try to bypass the status quo?

2. FTEK would not be taking the Labor out of the country. Much of the money spent will go to PRC fabricators and such.

3. The world will be watching - this is part of a big thing that has been going on for a long time.


NOTHING should be eliminated as a possibility from our outsider shareholder perspectives.

Back almost 2 years ago I was careful to not put the odds over 50:50 that this would happen but as an investor that seemed interesting enough.

With time I have become more comfortable than that because I think that FTEK partners would have gotten hints by now. There was that "standing room only" presentation that exceeded their own estimates of interest....