Thursday, March 19, 2015 12:15:06 PM
Their PR today provided no information except that they made no sales at the truck show (which is very important information). They have been announcing they are currently taking orders for their MG and will be shipping product 6 months later since last summer. The target keeps moving. They said the truck show would include a demonstration of their product, but I can see no sign that that happened. The pics on the facebook page were all words. Would you buy any technology or give it much credit if the vendor was refusing to show you a picture of it. That wouldn't be enough for me I would want to see it in person. The showcase center was supposed to be just that.
I wonder if its their NASA culture showing through....meaning it doesn't matter if they are way over budget and years behind schedule. The only glimmer of hope is that when NASA does finally get something out it is very high quality.
I have been rationalizing this delay as a means from trying to shake off Spirit Bear. But if that was the case they wouldn't be putting out meaningless PRs to prop up interest. I have to wonder whether they are having manufacturing issues. And since everything is delayed by over a year (their alternator/generator and submersible pump products were supposed to have revenue the second half of FY14), any such issue if it exists is likely to be with their heat pipes as that is the only technology common to all three.
In an earlier PR they announced they were giving some demonstrations at their plant to potential customers this quarter. If sales do not result from customers seeing MG in action then I think it brings into serious question if their technology is what they are purporting it to be. We won't know the results from that demonstration until mid May.
Recent WARM News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 03:45:48 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/14/2023 09:56:45 PM
FEATURED Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM