Well Thunder, I feel rightfully rebuked. My statements pertaining to Tom were strong, but nevertheless, the proof is in the pudding. You're right, I have no proof, but Tom's MO for many years has been pure hype....not so bad if he has a real business plan, but at this point his credibility has been strained.
All of those of us that have been here for a while invested in a technology company....Tom sold half a billion shares of stock....what does he have to show for it? A nice house? He's either a terrible businessman, hopelessly unlucky, or a huckster.
If you think back to the marketing of his solar glass, (what hooked me) he was touting patents (which he still holds) and went through a lot of hoopla with a new building and a fancy sign.....what ever became of that project? In retrospect it sure seem fishy....like the whole thing was a scam.
About the time myself and others began complaining in earnest he pops up in California with a plan to create an manufacturing system for CIGS solar cells.....best new idea since sliced bread. But in a falling market he never made even a single cell in the actual machine...again, in retrospect it sure seems more designed to separate fools from their money.
Now we are invested in a contracting business that no one in their right mind would invest in today....especially if they were told that half a billion shares were to be sold! So at this point, if Tom's not a shyster then he's going to have to prove it. Let's see what the second quarter financials say. No matter what, Tom needs to name his customers if he's to salvage any credibility in my eyes.
Keep in mind that even sales of several million a year will not be a lure to any real investors (I do that and barely make ends meet). When one invests in technology he is gambling on market share gains due to innovation....as a contracting company XsunX brings nothing new to the table and is attempting to enter a market dominated by established integrators. If Tom is to salvage XsunX and if we're ever to see a dime, he will need a new product.....this foray into contracting is futile.
