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Re: powerfullogic post# 2118

Thursday, 11/30/2017 10:56:17 PM

Thursday, November 30, 2017 10:56:17 PM

Post# of 3385
Seth is not a "member" of the NRC. No such membership. Areva was paid $140k to play with them. If this company had any value Areva coulld buy 51% of the company for less than $6 mil. They will not put a dime into it. Seth has been victimizing investors for years....punj lloyd, cnl, b&w, all bs. This company has never designed a commercial product and never wiil. Its all about kicking the can down the road and pulling a salary at stockholder's expense. No need for expensive offices but if you think nuclear products are designed in basements I have a bridge to sell you.

It is one sorry scam and the numbers don't work. At the EOY they will have $3 mil in cash. For 2018 they need $5 mil for ordinary expenses, $3.3 to Areva, $1 mil for Halden and $ 2 mil to fund the phony JV. That's a cash deficit of approx $8 mil. They will need to raise a minimum of $10 - $12 mil. Even their phony projections show no positive cash flow until 2027. Good luck getting funding. And that is just 2018 requirements. Multiple that by 9 years. But then again they will tell you that utilities or the gov will fund them. Seth has no credibility on the street due to previous false promises.

If you are an expert in the nuclear fuel mkt then you should buy more. I have news for you but this company is laughed at in the nuclear arena. Areva is in such sorry shape they are willing to take what little cash they have.
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