Phosphate monomers were used at a level of 1, 2, and 4% BOTM, respectively, to compare with the control that did not contain any phosphate monomer.
A wet adhesion improvement from 0B to 5B was obtained in the paint with 3% BOTM phosphate monomer on the aluminum substrate and with only 1% BOTM of the same monomer on the zinc phosphate-treated steel substrate.
Up to 4% BOTM of PAM-100 and 10% of PAM-200 were successfully incorporated into the polyol systems without difficulty.
The charge has been registered by BOTM, as agent for the secured lenders, in Bermuda, the Company's country of domicile.
On November 27, 1998, the Company received a letter of demand from BOTM, on behalf of the secured lenders, for repayment by the Company, as guarantor, of the total amount of US$47.
Following the Board of Directors meeting held on November 30, 1998, the Company notified BOTM and Hongkong Bank that it is insolvent and unable to pay the amounts demanded.