what a surprise....NOT!
it always surprised me that of all the places in the world to seek investment/manufacturing partnership, they 'chose' Cyprus and a pretty obscure partner company there to boot. Having worked there some years ago on major compliance projects, i came to know something of its 'alleged' involvement in money laundering activities, particularly with Russian, Balkan and middle eastern involvement, from the 2nd world war onward. Not impugning any current individuals or companies, obviously, merely a historical observation.
also, this from Rossi's blog:
now, what investor/partner with any sense whatsoever, is going to make important commercial commitments (above board, shady or otherwise), without that seemingly minimum/critical level of transparency? They would have to be mad, or suspect in the first place.
with so may other loose nuts and bolts rattling around, i hazard it wont be very long before the remaining wheels fall off Rossi's shebang. (which might be a shame if there are 'any' truth's in his claims whatsoever).
thoroughly cock-eyed, mishappened and suspicious. IMMPO.