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CEO

Infrastructure Bills Will Fail. Why?

May 7, 2021 9:05:58 PM

Insider Briefing of 6 May 2021

Multi-year programs don't happen with runaway inflation! But there is a solution: local initiatives funded by investors. And it all could end up as a global water marketplace...with NFTs. Find out why I said this may be my most important briefing yet!

 

 


FEATURED OR COVERED IN THIS BRIEFING — QUICK LINKS


 

Transcript from recording

20210506 WITNG title

 

Introduction

Riggs Eckelberry:

Good evening everyone, welcome to Water Is the New Gold, "Helping you thrive in the world's ONLY vital, scarce and recession-proof market." Today is May 6th and it's briefing number 108.

 

Safe harbor

 

Forward Looking Statements

As always, remember that what we have here are forward-looking statements. These are things that, in the end, what we do could differ materially and is very, very important for today's subject because we're going to be talking about some very exciting stuff. And you need to know that what ends up happening down the road is likely going to be different from what we're talking about here but we do our very best to tell you exactly how it is.

 

Are donations popular?

 

#AIShowBiz on NFTs

Okay, now, before we get onto the main course here, I wanted to talk to you about a couple of topics. The first one is, "Are donations popular?"

Now my friend, Molly Lavik and friends organized an online event a couple of days ago on NFTs. What is an NFT? It's a non-fungible token. Fungible means you can swap it, meaning two $1 bills, they have different serial numbers, but you can use them interchangeably. Non-fungible means it's not interchangeable.

You're hearing a whole blow up of the NFT space. We'll be talking about that some more in future weeks. It's very, very important not just for baseball cards and I don't know, cat memes or whatever it is, but also to industry as you will see.

But how do aid recipients feel about donation? And this is a very interesting topic. I caught this on my iPhone, so excuse the quality, but I think you'll find it interesting and it reinforces really why we want to do, "Invest with a purpose," in other words, do well by doing good. Let's take a look here. I have to re-share screen with video clip optimization. Here we go.

Start of video presentation

Transcript from recording

#AIShowBiz on NFTsGetting Away from Donations

R Scott: The other thing that we saw as well is that actually in a lot of these countries, they want to get away from the concept of donations and nonprofits and those types of things.

They've kind of recognized that for profit for good is a business model that they want to interact with, and actually in three of the countries that we're in the process of working in, they specifically asked us and said, "We don't allow nonprofits or NGOs to even touch the sector."

And so a lot of people ask why they have this sort of profit mandate and it's that anything that you give away for free destroys the local market. So the example that they gave to us obviously are basic things like food and clothes, so donating food is bad because if I'm a farmer in Africa and I can get this amazing American canned good food for free, what incentive do I have to continue farming?

 

#AISghowB iz host

 

Clothing Donations Destructive

Same thing with clothing. Actually they normally point to clothing is one of the main things because, by all of the free donated clothes that's absolutely destroyed a lot, especially in Africa, a lot of their ability to build garments and those types of things.

So really in approaching this problem, as I mentioned earlier, we were like, "Okay, how do we do this in a profitable manner?" And what we came to are two ways to subsidize our revenue.

So taking a step back, what does Local Support do? Our main focus is providing rentable batteries powered in these way points or 20 foot long shipping container that have solar panels kind of retrofitted to the top to charge the batteries. And people in these communities can come pick up a battery, take it, use it to power TV, computer, cell phone, lights, pretty much anything that, that, that uses electricity.

End of video presentation

 

Implementing NFTs

Riggs: So that's a really interesting this, this gentlemen, and he has a startup that provides solar powered, shipping containers, full of batteries that people can basically put in, I guess, plastic card and get billed a small amount of money and they pull it out and they, and they use it in their home, bring it back and so forth and it's working well.

And the important thing is it's meant to make money. Now, he went on to discuss how they're, why is he talking in an NFT online event is because they are beginning to implement NFTs, non-fungible tokens to eventually distribute profits to the users.

In other words, they might get 30% back of their usage for the year. I don't know if you've ever shopped at REI, which is a sporting goods store and they have this, if you're a member, then you get these dividends back.

No Back Office or Overhead

And it's kind of cool. Very similarly here, these, these, the use of NFTs, you can just take, you can take like our, yeah, it does send it, credit and account and so forth, but there's back office, there's all this overhead. And so what he's doing here is saying, well, we can just deliver an NFT and then has inherent value. And we'll be discussing that in further detail. Fear not, my friends. There was a reason for all this good stuff.

 

Banks stop lending


Non-Bank Funding

Now banks are stopping lending. This is a major, major issue. And we saw this on a show and let me pull it up. I'm having to go from text optimization to video optimization, back and forth. Bear with me. Here we go.

So Glenn Beck tells us about how banks are no longer lending. And that means that local businesses have to find non bank funding sources sometimes very high interest. It's not a pretty picture. And this is why this whole idea of funding machines upfront is so interesting to businesses. 

Start of video presentation

Transcript from recording

Glenn Beck image


Banks are Making Money

Glenn: The rate of loans is now down more than during the crash of 2008. Do you remember when you couldn't get a loan? It's down now, lower loan rate, than during the crash. So how is JP Morgan and all these companies making so much money? All of this money that the fed printed is going into the stock market and the recipient of that money and all the profits are the big banks. So they are making money hand over fist.

 

Not Lending

Banks aren't lending to small businesses. In fact, Chase Bank recently announced it was going to cease, listen to this, cease all small business lending until the PPP funding that is part of the $1.9 trillion Biden plan is exhausted.

So you go to the bank as a small businessman and you cannot get a loan from Chase. They won't loan it to you. They say, "Just go to the government and get it from them."

 

Working Capital Drying Up

Commercial lending now has dried up all across the board: working capital, commercial lines of credit, rotating credit. You know, every company needs credit so they can make payroll. And until they get all of the invoices paid for and everything that they, that they had billed other people till all that money comes in, usually 30 to 90 days, you need a revolving loan to be able to pay your monthly bills and to pay your employees. All of that is gone.

Working capital, commercial line of credit business is almost gone. It's normally a trillion dollars a year. It will be less than $100 billion this year. Why? The banks are guaranteed six percent rate of return for making PPP loans. So why are they not making any personal loans? Because they're guaranteed 6%, 6% return. And if somebody doesn't pay them back, the bank's not on the hook. The American government is.

End of video presentation

 

A Proof Point

Riggs: So once again, it's a really interesting situation here where, we were wondering why the heck are the tens of millions of dollars worth of deals taking so long to percolate through. And that's when we, Ken and I were working on this all last year and we concluded, "It's a funding, stupid. It's the funding."

So we really, this is really a proof point for us, that Water on Demand™ is not only needed, it's life or death for businesses who otherwise just don't have the option of going on with their regular business, let alone something non-core like water as a service or any kind of water treatment for that matter. Water as a service they can do.

 

Annual Repoert - last update

 

Last Update

All right. That's it for videos for now. Now, I wanted to just bring you up to date about the annual report. This is our last update. Beyond that, I can tell you no more, but the fact that it is our last update should tell you something.  So we should be out of the woods soon. I like to use the word imminent, but beyond that, I really can't say more.

 

CFO Recruitment update

 

CFO On Track

The solution, of course, is to get a CFO. We've now interviewed three qualified candidates, fabulous world-class candidates. Any one of them would be great. So it's good to have a choice and we've got about five or six to go still. And so we're definitely on track for bringing in a CFO on the job. Not just this summer, literally I'm really saying as early as late this month, early June.

 

commodity prices

 

Inflation

Okay, now, I teased you about inflation. What the heck is going on with commodity prices? Well, the table that I had was for the last few months, but in fact, if you look over the 12 months from Legacy Research Group, we have corn 135%. Think of a place like Mexico, which lives on corn based products, for example, and we do too with all the corn in our foods.

Heating oil, gasoline, you name it. Now, the gasoline and so forth had been really, really low, so that's understood, but everything else, there's no reason for these things to be driving so high. And they're way, way above. We think the stock market's doing great. Commodities are going way above that. So, that's what's going on there.

 

Theyre talking about it

 

Chain Effect

Now, comments, Warren Buffet "We're seeing substantial inflation. We're raising prices. People are raising prices to us. It's that chain effect."

Sam Zell, who is a huge real estate billionaire, "Oh boy, we're seeing it all over the place. You read about lumber prices, but we're seeing it in all our businesses." Keyword, inflation, "Biggest jumps since BofA started tracking it in 2004." So inflation on earnings calls.

 

Its far from over

 


Here's what's wild. It's far from over. If we went back to 2008 peak, we'd still have to go another tripling, triple more from here, which is really scary.



Will the Fed reform

 

Rates Will Stay Low

Will, the Fed reform? Well, Bill Bonner has a daily diary, which, it's lot of fun to read because he's a very grouchy guy. He writes from Ireland,  "As price begin to rise, the Federal Reserve will be under pressure to taper off."

And so the Fed is going to taper off? Not going to happen. I don't know if you remember what happened in late 2018 when the Fed tried raising rates and everything went upside down, and in fact, the Dow Jones dropped for weeks after that. So it's not going to happen.

The Fed is stuck with low rates. Inflation will occur because there's just no other option. You raise rates, the markets will crash, and we will have disaster. And then, of course, they'll turn around and bring them back down. So there might be some ups and downs, but I think pretty clearly rates are going to have to stay low.

 

Local action

 

The Solution

So what is the solution to all this? What is our solution? Because I'm not here to make a political comment. I'm not particularly a Glenn Beck fan or a Bill Bonner fan or whatever. I'm talking about, here's the situation? What are we going to do about it?

Local action by local business. All these billions and billions of dollars that are being thrown at infrastructure, it takes years and years and years to do an infrastructure program and if the prices of things keep dramatically rising, you never get ahead.

You keep doing over on some overruns and overruns. There's already estimates that the $2 trillion stimulus infrastructure bill is going to be more like $6 trillion. But that's nothing compared to what inflation will bake in. So, basically, it's just they're never going to get there. They will never get there.

Decentralization

What does that mean? Well, it means that if local businesses just take action right there in your small environment, they can get a reduced expense because you can save on water rates and so forth, all kinds of reasons why you would do it. And they make things better one by one. It's called decentralization.

 

How we get to scale

 

How?

Now, if we're going to do this, we need to think about going to scale. I don't want to do 12 businesses over the next two years. This is not our plan. We want to rock and we don't want to just help our water company. We want to help across the boards. So let's take a look at how this can work.

 

Scale 1

 

Conventional

All right, first of all, conventional design and build project. You've got the customer. The designer builder, in our case, our Texas company, Progressive Water Treatment or the Modular Water Systems Division puts out a quote and then gets a purchase order with a payment, delivers and commissions the water treatment. Thank you very much.

Wastewater in, optional reuse and treated water out. There's a whole bunch of other players in there I'm not going to show. Sales reps, consulting engineers, general contractors and, of course, the department, local Department of Environmental Quality, the local zoning district. You name it, there's a bunch of players. But that's the basics of it.

 

Scale 2

 

Revenue Sources

Now, revenue sources, selling the hardware, and then selling the consumables. Now, unfortunately, we do well with consumables. We sell a lot of them, but you can get undercut by anybody. They don't have a contract to the consumables. And what's weird is that a lot of times there's no service contract because that's handled by a local water company, not a central fabrication site, like Dallas, Texas. It's weird, but that's how it is.

 

Scale 3-d

 

Water on Demand

Okay. New, of course, is what we've been talking about, Water on Demand, which is design, build, own, and operate DBOO. And I'm already giving you a little flavor of what's coming, tokenized payments and global marketplace development. Let's see where this goes.

Scale 4

 

SPVs

First of all, revenue sources are equipment sale funded by, on the top left. You have these investors on the right, putting money into what we call a special purpose vehicle, an SPV, a subsidiary, which we've already created. We've created our first one called Water On Demand Number One and we're beginning to receive money into that, just like I'm showing you here. So that's happening right now as I speak. The stakeholders are various players who are helping to make it happen.

I won't go into that in too much detail, but now Water On Demand Number One buys the equipment. And then there's an operation and maintenance contract. We get management fees on the Water On Demand company, and there's profits from the paper gallon billings. And we will explore a potential development. Okay, let's build it.

Scale 6

 

Indexed Pricing

So over here we get, now this is DBOO, so water as a service essentially. So the Water On Demand gets the money investment and sends a purchase order to a designer, and there's an operating contract with price indexing. This is very important.

These contracts, 15, 20 year contract, you're not going to make it at static prices. Why? Because we're going to have huge runaway inflation. So we're going to index these contracts to the local water rates, which we know are inflating faster than general inflation. And the customer makes payments and everything's good. All right, so far, so good.

 

Scale 7

 


 Now, delivering commissioning of that Water On Demand treatment system. And now we install a sensor array that is internet connected. That's important for the next step, which is boom, the data goes into a database and goes to the firm that is doing the operation maintenance that is running the show.


 

Scale 8

 

O&M Contracts

Now, it could be the same as a designer builder, or it could be farmed out. For example, right now, we're in talks with a company that is already doing large O&M contracts, and they would do it under contract to us because it takes a while to build that capability. So OM operates the system, using the data from the sensors and does billings based on the amount of water going through to the quality that's required by the treated water contract.

 

How to scale 2

 

How to Scale

The next big problem is we have payments to investors and stakeholders, and paying these profit shares or dividends or stakeholder payments like, for example, that operational maintenance vendor could be paid. They want to be paid as dollars per gallon. Well, wait a minute, how many ways are we going to split that gallon? And that becomes a complexity and it becomes worse and worse.

Currently on, for example, our crowdfunding, we pay out dividends, and they're as little as $4.18 cents a month. And it's like, please kill me now. Fortunately, it's not in the tens of thousands yet, but this could very well go there. So let's take a look at the potential solution.

 

Warning - Disclaimer

 

WARNING!

Now, I'm going to give you a big fat red warning. This is conceptual. We've worked hard on this idea, but we have not written a white paper, which should give you a clue about what's going on here, and we've not developed the technology. So do not count on our executing on this. Because we intend to solve it one way or another, but this potential, this particular solution, may not be the one we do. But let's go into it because I think it's, by far, the best way to go.

 

Scale 2-2-d

 

Smart Contract & NFT Platform

All right. So we were here, as you saw, and now what do we do? Well, let's adds something, a smart contract that says you're going to pay out. For every X worth of performance, you're going to pay out Y worth of dollars and cents to Bob, Jim and Jill.

So the smart contract basically automates all of the issuances of these slices, these micro-payments on these gallons being charged for and, of course, it goes into an NFT platform.

Now, we could have chosen to create a whole big utility token. I did that in 2018. For a water company, it's ridiculously hard. We were not a crypto company, and we found it to be something we could not do, especially in the midst of crypto winter. Remember that?

Built in Functionality

NFTs are great because all you have to do is issue it. It's like me paying something with dollar bills. The dollar bills already exist. I don't have to create a currency. Currency exists. NFTs exist as a way to create unique, as I say, non-fungible, non-swappable tokens that have... And here's what's cool. They can carry royalty payments built in.

Now, what happens is you get an initial coin issuance. That is, let's say that an investor invested a hundred thousand dollars and the profit share from that hundred thousand dollar's face value is $20,000. So the face value of that initial coin is $20,000.

That NFT carries the face value, but also the entire lifecycle of profit shares of that system, which could go as long as 50 years, although realistically, it's more the 2025 range as you'll see shortly.

So all the built-up profit shares, millions and millions of dollars really in the end, is all attached to that NFT. And, of course, you can slice them up. You can take out a hundred thousand dollar NFT and slice it up into pennies if you want.

Price Indexing Control

Now, in addition, you have the inflation. The price indexing is built in so you have a future value that's huge. Remember that over 50 years, 10% makes a hundred dollars turn into something like $11,000, a hundred dollars to 11,000. So all that is built into this coin so it has a built-in value. So it goes to the investor and the stakeholders. Like I say, the operation and maintenance people might get their little sliver and so forth. It's all good.

 

Totally Automated

Now, what's great about it is you're sending it to a crypto address, one of those long digital address that you better not get wrong. So it doesn't matter. I don't have to know the person's bank account or their address or anything like that. I'll have to do the know your customer and anti-money laundering, KYC, AML. But you do that once and that's over. Then from that point on, you're good. So we go ahead, we issue it and the money just flows and is really zero. It's totally automated. This is the beauty of it.

Water Gold Coin

Now, let's take it to the next step. People can resell these. NFTs can be swapped, right, and they have the built-in profit shares with it so they have this huge potential value, future value. They get thrown into what becomes, and this is the name of the coin, the Water Gold Coin. If you go to watergold.io, you won't see anything, but we have that domain, of course, and we have water gold coin.com and all that good stuff.

NFTs Grow Organically

But just to let you know that NFT marketplaces grow organically. Last year, we're like, "Oh my gosh, we're going to build an Airbnb for water. Blah, blah, blah, blah, blah. Oh, that's a lot of work," and what Airbnb went through to build that is ridiculous. But NFTs take care of themselves. There's no services related to them. People swap them and it's supply and demand. Okay. Now there's one more big step. Two more steps, actually. Let me show you.


Virtuous Cycle

Re-investment. People would be able to put those tokens because water demand company would accept these, right, so they come back in as investments. Now they go to the reinvestment, then can go back into the loop and you get, what I call, a virtuous cycle, where money is being made on top, money is being made on top and the thing can cycle round and round and round and round.

Subsidized Reinvestment

All right. Here's the final piece of it, subsidized reinvestment. That's where we talk about those things in Africa and South America or even, guess what, in America, where we're trying to help underprivileged or poverty-stricken areas, stressed areas, and we're able to do subsidizing, which is why we have a watergold.org, and that, of course, will eventually come, we believe.

Scaling, Legitimacy and a Global Marketplace

So, that is the total picture. It's very, very exciting because it has, first of all, the Water Demand breakthrough, which is itself huge. But it's not something that the water industry doesn't do already because they call it DBOO. They're doing it. Now they're not doing it in a smaller system. They tended to do it like the original Water-as-a-Service® people, AquaVenture Holdings, were doing huge saline desalination systems for islands.

Well, we're talking about doing it for quarter million dollar systems for a brewery. That's hard to scale down, and that's why we have the Modular Water Systems. But it's not science fiction. What has been science fiction has been this whole tokenization thing, but it's changed really, really fast. There's been something like $2 billion has been transacted in the first quarter alone. So NFTs are big business already. There's people making NFTs out of houses. I mean, you name it.

So this is legitimate, but it also creates, I think, the first global marketplace for water, and it grows organically. We don't have to feed it. We don't have to host it. We don't have to be the customer service people for it. It all happens at the edge with people doing their thing. NFTs are issued, they end up in a marketplace and that can grow, as I say, to a global marketplace, the very first, and that has got me so excited.

Participant Chats

JRW says he's in a TRX smart contract, TRON coin. Yeah, they're smart contracts. Why is ethereum taking off? Because it is the sort of parent smart contract coin. The people who are geeks in the token business will tell you that it's not the ideal one, but it's getting better all the time and, of course, there's all these variants I'm not going to get into. Rick Garcia says, "Thanks for explaining this so clearly," and Mr. Dickerson says, "Love the crypto idea, NFTs with all kinds of cool emojis."

PWT-MWS Outsourced projects

 

Outsourced Projects

Okay. Let's continue because there's more because I always want to report to you on what's really, really happening. So status update on the outsource projects that Mr. Dan Early has been working on, so let's take a look at what he's got going.

 

Mobile Home Park

That mobile home park that we were talking about, let's take a look at the updates there. Okay. A lockdown price that can be extended for as long as possible. This is what's going on. People are looking for lockdown prices and that's the big fight. How long can you guarantee the price? Well, these days, you can't guarantee it for much longer than about three weeks. Anyways. So this is accelerating, it looks like. Timing for the turnkey DBOO contract execution, one to two months. So that's moving along nicely.

 

Brewing Company

All right, let's continue here. There's the brewing company, very interesting project, and what do they got going on here? May 7th, tomorrow, further evaluate the equipment price about $20,000, $25,000. Then, of course, the operation and maintenance costs are going to be discussed.

 

Commercial Park

Okay. Continuing here, commercial park. This is in the final vesting rights stage, meaning that it's been approved by all the parties concerned. This is an expensive one, retail value 350K, unchanged status quo. That's fine because I'm not yet ready to fund something at that price point.

 

Other Opportunities

Here are some that are further down the pike. There's a camp, an upgraded wastewater treatment plant in Pennsylvania, and that's moving along, just kind of moving along, unchanged. There's another camp, there's a housing development unchanged, and then there's another mobile home park. This is much lower probability and also the delivery model with a resource and adventurous location. Okay. That is a report from Dan and that's moving along nicely.

More Participant Chats

Ivan Anz, our wonderful Ivan says, "We are definitely going into the next level. This is water philanthroinvesting on steroids." I so agree. And Keith Roeten says, "If inflation is built in, this seems a very powerful idea." Keith, you are so right. We're not going to get ourselves caught with a fixed price deal. Excuse me. I've had my foolish moments, but hopefully it's not this.

 

Participating

 

Testimonials

Okay. Let's continue with... So, let's talk about this. I've got a couple cool testimonials that I recorded this week. You're going to enjoy these. Let me go ahead and optimize it for video. I think you're going to enjoy this. Some of you know the people involved, so that's kind of cool, kind of home hometown thing.

 

Start of video presentation

Transcript from recording:

 

6 May 2021 Briefing Eugene Greenstein

 

Better than a Bank or the Stock Market

Eugene: I've been watching Riggs' presentations for a while, on and off. The concept that's being talked about makes a lot of sense. It's clearly an issue of having staying power to pull it off, and that's the issue. If you can stay around long enough, then you can be successful. If you've got a product that has a need. Now it's an issue of sales and delivery.

A year ago, I watched one of your videos seminars, and I gave Ken a call. I said, "Well, I can risk a little bit of play money." That was a lot better than I could earn in the bank, or basically earn in the stock market without worrying about capital appreciation, which in my position as a retiree, I really care more about the annual return in cash, not the value of the stock.

The recent offering that just closed was certainly very financially attractive, and again, a small investment. I decided to invest again, or double my investment because the terms were so good. What you're doing is very interesting and clearly there's a big market. All you got to do is listen and we hear about the water shortages, water shortages. The ability to reprocess water is critical. The issue is all about landing sales.

Riggs: Eugene, I want to thank you for your investment. It was really, really appreciated. I'm glad that you're a regular on our show and I look forward to maybe even drop a chat one of these days on the briefing and give me your thoughts. Here's to our future.

Eugene: Thank you very much. My pleasure.

End of video presentation

Riggs: So that is Jonathan Greenstein and I'm also going to play another fine gentlemen.

 

Start of video presentation

Transcript from recording

6 May 2021 Briefing Larry Kogon
Need to do Something About it

Larry: I suppose the idea is to make a little money and keep up with inflation. I have been a proponent of things like healthcare, water, solar, wind, all of those are my pets. We're spending way too much money on post climate problems, hurricanes, fires, drought, tornadoes. We're spending a ton of money on cleanup of all of those things and we need to do something about it. So anyway, that's my investment rationale.

Riggs: We think that, do well by doing good. America's water is in a terrible state and getting worse all the time. It's a scandal really. I love that we now have a head of steam, with the support of guys like you, and gals. We're really all about helping the people who are stuck with the problem, brewery, housing development et cetera. They don't have the money to throw at these things.

Larry: We've got a lot of Ohio breweries, right here in Cincinnati, too. I go around and tell them, "Hey, we can clean up your water." I like what you're doing. What you're doing is good. I'll tell you one more thing.

When I had originally invested, I talked to my financial advisor. He said, "I don't know about this Riggs guy." Then, of course, I invested anyway. Not too many CEOs do a weekly briefing and are willing to talk individual investors, but I kept investing and I'm still with you and happy to be here.

Riggs: Larry, it's been a great pleasure talking. Thank you and I really appreciate all your support. Don't hesitate to drop a line to me.

Larry: Okay. Will do.

End of video presentation

 

Investing Options

I just love doing these interviews. It makes it all worthwhile, frankly. Just super cool. All right. Just to recap really fast, I love how so many of you are hanging around here. And by the way, what was it that Larry was talking? No, no, I think it was Gene talking about the round that was just closed. Well, actually there's a couple more days because some people were told that it was still good, so we're honoring that. People could slip in still, but it's still really just a couple more days.

 

Investing Options

 

Private Placement

Anyway, there's the basic private placement that we do, that builds our capabilities and staff and so forth. Then there is the investment in a Water on Demand unit. There's one that I was showing you in that diagram. That's basically a million dollar investment in special purpose entities.  We just opened a $20 million private placement for that.

Then crowdfunding, we're talking with a portal about these investments. We thought it was going to be unaccredited, but it's not going to work to be unaccredited. I'll tell you why, because tokens are still very difficult to put through in a registration. Regulation D, which is for accredited investors only, experienced investors is the way to go. Okay.

Then finally, we are going to have an unaccredited round to succeed the previous one that we had. It's pretty much the same, but with an opportunity to redeem into double your money with a stock. The legal team is now working on this and we'll have it soon. Ken, how did you like this?

 

Call Ken

 

Call Ken

Ken: Is it okay to speak?

Riggs: It's okay to speak.

Ken: We usually get a few comments on chat. They are blowing us up, so you don't need my opinion. We've been excited about this since we started doing that rapid fire strategy session the other morning. This has been very, very exciting. This finally ties everything together. I really, really, we can feel the energy change. I'm loving it. I really am. I'm excited. I'm sure I'm going to get one or two phone calls tomorrow, just one or two.

Riggs: If you're interested in talking to Ken, to get more data, Ken is actually co-inventing with me on this, so he is absolutely doing the important work. JRW, "Please reach out to me if I can invest currently as non-accredited." No. The last round, which I'm saying is still open a couple more days, is only for accredited investors. Mr. Dickerson says, Good all." Thank you very much. Go to oc.gold/ken to get the nitty gritty on what's going on and he'll be happy to tell you,

 

Thank You
Riggs: Well, it's been a wonderful briefing. I think we have really, really stepped into new ground here. Expect more. You'll see a press release on what's going on more specifically, that I kind of talk about. That's going to be coming along. I can't say when. I can't say what's going to be in it, but good stuff is coming.

See you next week. There will be more great stuff.  Thank you all. It's been great having you tonight. Please join us next week. I'm so excited about what's happening.

Ken: Yes sir.

Riggs: Talk to you guys soon.

Ken: Bye.

Riggs: Thank you, Ken.

Ken: Bye.

Riggs: Oh, Dave Williams, "Am I right to say if I invest from outside the USA I'm accredited? I'm in Canada." Yes, you are and you will talk to Ken. We'll take your name. Just go to oc.gold/ken. Thank you.


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