CGE Energy Inc (CGEI)

[Saving Grace]

I Agree. Enough is enough. File for lead plaintiff and I will follow that lead.

[Pink 2 long]

https://www.sec.gov/tcr
This will help identify type of violations which I /you suspect the BOD of committing if you elect to file a complaint. I have advised them of my intent, and only one had the character to respond in a professional manner.

[Pink 2 long]

https://www.sec.gov/oiea/Complaint.html

[Pink 2 long]

I am contacting the SEC or an Attorney, or both. I am looking into contacting or filing a complaint with the SEC or consulting with an attorney that specializes in cases of this nature. IMO there has definitely been shareholder deception, misleading statements including correspondence to shareholders that would be deceptive as well. We may only hold 20% and the officers have 80%, so to dilute by granting themselves more shares at .0006 cents or another reverse split to wipe us out would not hurt them at all....As it stands right now we have been wiped out from a PPS of .65 to .002 or .006, that is a fact, regardless of what they say about issuance of Aradatum. We have no reason to trust BZ or any of the other players in CGEI at this point. They have failed to keep a single promise they have ever made. We do not know what is going on behind the scene, but again that would be in part failing to keep the promise of transparency and shareholder updates. I will post here the actions which I am taking and if it comes to attorney involvement, I will post contact information for class action. I am sorry fellow forum members, but $100k dissolved in 3 days by the actions of this board is a bit too much for me to accept. I will disclose my identity with contact information after I consult with attorneys. I refuse to be $hit on by this cast of characters after 12 years of commitment! To be clear, this is MY opinion and it may not be correct, but if you agree you are welcome to join. I will be notifying CGEI today as well.

[dano4135]

You made me LOL Pink. Good response.

[Pink 2 long]

Let's hope Leete or Zit bust an informative presidents update to shareholders or maybe bust a tweet, or bust a financial statement or bust a website or facebook update or better yet.....bust a penny!!!!:(

[dano4135]

If I say, I hope Leete busts a move on those guys, am I showing my age? Maybe I will just act my age and say , I hope he is quite successful. :)

[Pink 2 long]

Yak, I am about 200k shares deep here for about 12+ years. They have been arrogant and failed to live up to their own promises. Cannot buy or sell at .006. I watched $100k evaporate with no communication to a very small pool of shareholders. So nobody wants this to succeed more than i, however i have no love or respect for Zaplitny and company. I will continue to monitor and report posts eventually the violations will result in loss of all rights to post

[BigYak]

They can't control investors backing out, pink. More insults from Magnetics, color me shocked. I'll continue to post about the company, like the board was intended for, you continue doing whatever it is that you think you're accomplishing. When the time is right, I will be buying more shares. There is nothing like this in the industry.

[Pink 2 long]

Yak, my expectations were that they would live up to their promises to shareholders and to date they have failed on every single promise ever made. Not a good track record for a Christian.

[BigYak]

They're getting exposure to a very large player in the industry. "The Green IT Challenge 2023 by Orange Silicon Valley is seeking to identify and engage with the most innovative North American startups in Green IT sectors." Getting millions of dollars of funding isn't easy, but they are involved with something that has that in mind. I think they're doing as good as can be expected.

[Not a Real Company]

I've wondered about the marketing guy for as long as I've had this POS. Zacks, Business Wire, Forbes, etc. Can't remember the last piece of decent PR we got. Good PR software to "get er done" costs about $10K. A little hard work helps too. Oh well.

At least they are fogging the mirror a bit with this Orange thingy.

[Saving Grace]

Ask him about the IPO and why that wasn't done before hanging CGEI investors out to dry.
Why couldn't CGEI remain listed? They trapped shareholders on purpose to sell for pennies on the dollar.

[Pink 2 long]

AGAIN! Why does a tech guy like Leete think Linkedin is a great vehicle for communication? Where is our marketing guy???

[PKlogan]

One of the requirements stated is a working unit or prototype. Must be a pretty loose definition for us. The Ish prototype is not working nor is it fully representative of what we are trying to build and sell. That 1/8 scale model is just that, a model.

[BigYak]

Aradatum has been chosen as a finalist for Orange's Green IT Challenge. I believe this will get us the funding and exposure we need to cross the finish line. A maximum of 5 companies are chosen as finalists. Leete and Company will go to San Fran, on the 20th, to show what Aradatum is about.

I believe that Leete will be bringing home the hardware. As, I've said before, I can't think of another person I'd rather represent the company. If we win, the benefits are numerous. Read about the program here: https://siliconvalley.orange.com/en/green-it-challenge-2023/

Here is Leete's post announcing Aradatum's selection as a finalist: https://www.linkedin.com/posts/larryleete_green-it-challenge-2023-activity-7050171435901726720-QCLC?utm_source=share&utm_medium=member_android

[Magnetics]

This maybe be the biggest joke of a "company" in all of penny stock land. Some might even call it a scam. Somebody please sue these dirty scum bags

[Magnetics]

Bid .23 x ask .70 while current PPS = .0062. Doesn't seem like a smart buy. Nobody slapping the Ask?? Maybe they haven't had a look at their ornamental tower that was on display at the meeting..

[whitefishbay]

Pink,
We read the update and quite pleased with the response for which we have two key points we need answered, we believe these are significant events that should have been reported to the shareholders within 48 hours.1. When the funding sources backed out of the full amount, shareholders should have been notified and 2. They announced funding would be used to erect and install a few towers for performance testing and this event didn't materialize for which the stock has crashed. We have no towers, no data and no customers only well-funded Bots.

[Pink 2 long]

are we at .0004 or .0006, I can't keep up on the restoration of shareholder value? Anybody ready for a shareholder lawsuit? FU BZ

[Pink 2 long]

Nevermind i see he is on LinkedIn! The supercharged internet highway of the interconnected in the world of high end tech! Be on the lookout next week Aradatum is doing a mass fax to the big time tech companies! If you ain't watching the satellites you are still driving a ford taurus! Theses goofs are still selling fax machines in the days of email!

[Pink 2 long]

What is Larry Leete’s Twitter handle?

[Pink 2 long]

So did anybody review the meeting minutes and take notice that 11 officers hold 85million voting shares. This doesn't include non-voting shares if these are issued? I have not looked at share structure in a while, but if they hold 80% of the shares another reverse split won't hurt them if they intend to dilute to raise $$$, but it could wipe us out. Just a thought, how did they all acquire so many shares???

[Pink 2 long]

Thank you for updates Big Yak. Wouldn't it be great if they could have just kept shareholders informed with the info they could share?

[dano4135]

Big Yak , thanks for posting the additional itemes of the Q and A. THAT is very interesting information. I was encouraged by the additional news. Thanks for sharing that good news.

[dano4135]

I am with you Big Yak. Nothing else we can do. Just have to wait.

[whitefishbay]

BIG Yak,

Excellent update, we thank you.

[BigYak]

It's not like they were burning through obscene amounts of money, rather they had some people back out. In this economy, with interest rates rising and the fed tightening everything down, that makes sense and is much more encouraging than the former.

Also, it seems that CGE is not the lame duck that we all made it out to be. Obviously, Aradatum is still The Golden Goose, but it's nice to see them doing something on that side of things.

The tower is literally designed with input from people in the business. As I've said before, this thing will go ballistic if/when they get it off the ground.

Finally, it does seem that they are under NDA. I think this signifies that they are either progressing nicely within The Tech Deployment Track, and/or in discussions with some high level players.

After the last bit of news, this round is much more encouraging. I am excited to see what the future holds.

[BigYak]

It looks like they've added to the FAQ.

Q. During the annual shareholder meeting, CGE reported that it was seeking additional capital. Wasn’t CGE’s prior capital raise sufficient to achieve its business plan?
A. Since 2021, CGE has received commitments for $15M in capital from various sources (plus a commitment for $10M in matching capital). Unfortunately, a few of the third-parties that made these commitments informed CGE that they would be unable to timely meet their capital commitments, primarily due to the impact market conditions were having on the internal capital requirements of their specific businesses. Therefore, while CGE has a sufficient capital runaway to allow it to execute on its near-term milestone objectives, CGE has been actively seeking replacement capital to achieve its longer-term goals.

Among other things, additional capital is necessary to support finalizing the commercialization of the Aradatum System, which involved a substantial design change from CGE’s original turbine design (WIND-e20). Specifically, during engineering of the Aradatum System, the Aradatum team spoke with numerous wireless industry professionals, vendors, government officials, and potential customers. These discussions revealed a critical need for additional resilient, three-phase, localized power generation, and greater market potential for a taller tower incorporated into the Aradatum System. Ultimately, telecom demand and power generation opportunities, together with the potential for an additional product line allowing for increased market penetration, drove an increase in scale, and thus a more significantly revised design, for the Aradatum System’s VAWT tower. This increase in System scale has understandably resulted in an increase in anticipated cost per System, requiring additional capital infusions into Aradatum. However, based on projections, the increased capital expenditure associated with this scale increase will yield a substantial multiple with regard to expected gross revenue over the life of each System.

Q. What is the difference between the current Aradatum system and WIND-e20?
A. The Aradatum System is a microgrid solution, incorporating Aradatum’s proprietary vertical axis wind turbine in addition to several other renewable energy generation technologies. The Aradatum System is designed specifically for powering wireless communication networks leasing space at the top of each System turbine. WIND-e20, on the other hand, is a distributed wind power technology that is designed for small-scale energy generation.

While many of the innovative features and ideas of the WIND-e20, such as folding blades, airfoil trim flaps, and sustainable footings, have been incorporated into the Aradatum System’s turbine tower, that turbine has been re-designed from the ground up to meet the requirements of the telecom industry and substantially enhance its power production.

Currently, CGE Energy is prioritizing the commercialization of the Aradatum System, with the standalone WIND-e20 being a potential product line for the future. Overall, the Aradatum System and WIND-e20 serve different purposes, with the former being designed for wireless communication networks and the latter being optimized for small-scale energy generation.

Q. Does CGE have any current projects, other than through Aradatum, that it is pursuing?
A. Independent of its Aradatum subsidiary, CGE is working on several large ongoing microgrid projects, and they are in active discussions with commercial businesses and local governments regarding new opportunities. While the specifics of these projects are not publicly available, these projects showcase the CGE corporate family’s expertise in the microgrid space.

Q. Can Aradatum’s System help corporations achieve their ESG commitments?
A. Aradatum’s system has the potential to help corporations achieve their ESG commitments by providing a tangible and terrestrial solution for decarbonizing high-speed communications infrastructure. Telecom providers worldwide are adopting ESG policies that include Net-Zero carbon emission commitments, such as AT&T carbon neutral target by 2035, Verizon by 2035, and T-Mobile by 2025. Aradatum’s System will enable cell carriers on Aradatum’s towers to achieve their commitments to sustainability at the physical infrastructure level. Aradatum’s solution will also be cost-effective for telecom providers compared to other decarbonization strategies, such as power purchase agreements with wind farms or buying Renewable Energy Credits. As telecom energy demands and the costs of electricity continue to grow over the next few decades, Aradatum’s system should play a critical role in helping corporations achieve their ESG commitments in a sustainable and effective way.

Q. When do you expect to have the next CGE shareholder update?
A. CGE will continue to provide shareholder updates when it has significant developments to report that are not subject to the Company’s non-disclosure obligations and that it can make publicly available without otherwise impacting any competitive market advantage. We appreciate your continued support and interest in our company.

[whitefishbay]

They had 15mill....where did it go? They said each unit would cost approximately $250k. They are not reporting and intentionally not revealing their p & l.

[Pink 2 long]

Q&A is posted on the CGE Energy website and was sent to shareholders if you are signed up for notices. Bots. Lol

[BigYak]

You mean you didn't make it up because you're a shill for Bryan? What?!

In all seriousness, I continue to see Leete being very active on LinkedIn, which is a good sign for me. Do I love where we're at right now? No, but the potential is still immense. I know potential doesn't pay the bills, but I'm just going to continue to believe that these guys are going to get it done.

[Pink 2 long]

PK they had 15mill....where did it go? They said each unit would cost approximately $250k. They are not reporting and they are intentionally not revealing their p & l.

[dano4135]

Not suggesting it should make anyone feel much better. But it does support what I reported that the qa went on for around hours.

Minutes for CGE Energy Inc. Annual Shareholder Meeting
The Annual Meeting of the Shareholders of CGE Energy, Inc. (the “Company”) was held on March 3, 2023
at 9:00 am EST at 7627 Park Place, Brighton, Michigan 48116, pursuant to the Notice of Annual Meeting of
Shareholders dated January 27, 2023, duly delivered to all shareholders of record as of January 12, 2023.
Call to order: 9:05 am EST by Gary Westerholm.
The following CGE Directors and officers were present at the meeting:
• Bryan Zaplitny
• Gary Westerholm
• Larry Leete
• Paul Schneider
• Jason Abel (General Counsel)
Gary Westerholm, the Chairman of the Company’s Board of Directors, presided as Chair of the meeting.
Paul Schneider recorded the minutes as Secretary of the meeting.
Prior to the meeting, Peter Price was appointed to act as Inspector of Election for the meeting. All
shareholders and proxy holders registered their presence with the Inspector of Election prior to calling the
meeting to order.
Shareholders with direct or beneficial ownership of 79,684,907 shares of the Company’s Common Stock
(96,784,522 total shares outstanding on the record date) were present at the meeting or represented by
proxies. A majority of the outstanding shares of the Company were represented and a quorum was
present.
Gary Westerholm introduced the members of the Board of Directors of the Company and its executive
officers who were present at the meeting.
Gary Westerholm announced that there would be a short presentation regarding the Company’s business,
operations and share structure. Shareholders were initially asked to write their questions down and submit
them to be answered by the Company.
Management Presentation: Jason Abel presented regarding the Company’s current structure and its
relationship with Clean Green Energy, Inc. and Aradatum, Inc. He also presented on the current share
structure of those company, and the Company’s future intentions regarding restructuring. He indicated
that future restructuring plans were dependent on a number of conditions, including obtaining future
capital.
Aradatum Update: Larry Leete and Paul Schneider presented an update on Aradatum, including that
Aradatum is working to raise $5-7M for the next portion of its business plan, including manufacturing
and demonstrating market fit. One of Aradatum’s 1/16
th scale demonstrators was operating during the
meeting.
Election of Directors: The next item of business was the election of eleven directors to hold office for a
one-year term as described in the Notice of the meeting.
The individuals nominated for the 2023-24 CGE Board of Directors are: Bruce Bruinsma; Mark Cecil;
Kevin Cook; Craig Hancock; Larry Leete; William Naubert; Michael Pollakowski; Paul Schneider;
Harold Telners; Gary Westerholm; and Bryan Zaplitny.
The Inspector of Election collected all ballots and proxy cards voted at the meeting for tally after the
meeting had ended. After the meeting was concluded, the Secretary to the meeting regarding the results of
the voting. Paul Schneider reported that, based upon the report of the Inspector of Election, the following
individuals had been elected to the 2023-24 CGE Board of Directors:
• Bruce Bruinsma with 7,219,918 votes;
• Mark Cecil with 7,237,083 votes;
• Kevin Cook with 7,242,154 votes;
• Craig Hancock with 7,219,918 votes;
• Larry Leete with 7,282,864 votes;
• William Naubert with 7,242,989 votes;
• Michael Pollakowski with 7,229,918 votes;
• Paul Schneider with 7,221,918 votes;
• Harold Telners with 7,189,919 votes;
• Gary Westerholm with 7,247,083 votes;
• Bryan Zaplitny with 7,330,988 votes.
Informal Question and Answer Session: After all agenda items were completed, Bryan Zaplitny and
Larry Leete answered various shareholder questions regarding CGE and Aradatum from 9:46 am to 11:15
am EST.
Respectfully submitted,
/s/ Paul Schneider
Secretary of the Meetin

[Magnetics]

Oh they had a real nice ornamental tower at their "lack of a meeting" spinning like a cheap Christmas tree for investors to be impressed with?
Speaking of that meeting, whatever happened to the bot here that said there was a 2-hour Q&A session after I left?? Of course that wasn't posted here with any details.. that makes sense. There's nothing to see here other than a father and son BOT duo running this web page and shutting down anyone that speaks the truth.. reminds me of how the government controls Twitter and the media. Thats one way to know this penny is a worthless turd. A Couple real chumps that try to squash any truth that's put up here.. even people that actually attend the meeting and give a detail report.. heck they'll even just try to say that we're disgruntled employees. Then they cry to the principal to have you shut down (you remember those kind in school..real wusses) but thats a whole nother subject.. there is and will never be anything to come of this company.. I'm just lucky I wasn't fooled and owning hundreds of thousands of shares.. have fun with that. I'm sorry I've wasted this much of my time here today.. have fun with this one.. oh, and buy low.

[PKlogan]

What valuable IP do they really have though? They have an unproven design of a vertical turbine? That's it. If there really was some crazy demand or the design so incredibly unique, there would be WAY more interest in this. The fact that they can't raise capital to build even a single prototype is proof.

[Pink 2 long]

danman, I hope so, if you learn more please share.

[Pink 2 long]

Yak, I don't think he is a con man. Anybody that followed this back in the days of the Ishpeming Housing turbine would remember this video. My opinion is that he can be a big blowhard and his mouth writes checks that his a$$ can't cover! With that said I am not real confident that this turbine is a reality! Does anybody believe two spins of the egg beater in Ishpeming was ample testing? They spoke on this and stated it was. I don't know, here we sit with a pps of .004 and no real updates to shareholders, none of the hype they spewed before. I for one kept all correspondence and would love to see a lawsuit by shareholders to get to the bottom of this. I think our only way out is a sale of technology. No financial reports so will we find out where the $15 mill is or went? How do we file a complaint with the SEC? I am going to look into it, as of this moment they are criminals in my eyes!

[Danman451]

Correct me if I'm wrong, but there's a SEC Rule 15c2-11 restriction not allowing this stock to be purchased, yes?

[BigYak]

I appreciate the insight, and while I don't want a buyout, I can see the appeal if the price is right. I don't take BZ for a con artist, that would pretty damn low to use your kid as leverage.

[Pink 2 long]

I think we will wait another year without rebuilding shareholder value or communicating with us in any manner. I believe our only hope is that a tower company buys us out. Investing in this turd so far has been a mistake. Zaplitny stood before a board holding his daughters hand and said “we always keep our promise”. He should be Biden’s press secretary! No conscience it would appear. Of course JMO!

[Pink 2 long]

I think we will wait another year without rebuilding shareholder value or communicating with us in any manner. I believe our only hope is that a tower company buys us out. Investing in this turd so far has been a mistake. Zaplitny stood before a board holding his daughters hand and said “we always keep our promise”. He should be Biden’s press secretary! No conscience it would appear. Of course JMO!

[BigYak]

I'm a optimistic guy. What I will say is that I'd rather them get it right the first time, rather than rush it out and it not work. If we do that, this thing is dead.

[whitefishbay]

YAK

https://www.hiskingdomresources.com/aradatum

This VC firm His Kingdom Resources invested in ARADATUM, where is the $ 15 MM and the 4 towers promised from this investment? note; Bruce B. is part of ARADATUM and Hiskingdomresources. We bet he can answer some questions.

investing in private companies that are high impact, Kingdom minded, disruptor businesses uniquely positioned for rapid capital appreciation. Can't be this company when you promise one thing and deliver ZERO.

[whitefishbay]

Pink

Where's the $ 15 MM funds ? They were to have built 4 towers by the end of this quarter.

The $15 million will finalize scale models that are due March 28, as well as put four functioning towers in the ground in West Michigan, Maine, Kansas and on tribal land in Wisconsin in late 2022-early 2023. Manufacturing and engineering partners include Roush, Caterpillar, Twisthink and MAHLE.

[Pink 2 long]

It is also on the CGE Energy website. What a bunch of BS! Another one year delay. Estimated cost per tower 3 years ago was $250k. What happened to the $15mil of investors $ to build the prototypes? These guys are in the business of manufacturing cartoons and bull$#it! In 12 months satellites will have the dead spots covered! Sorry Aradatum you have missed the window of opportunity and dems push for green! Imagine that a covid delay? I call BULL!

[whitefishbay]

Yak,
All of you remember this statement:
Aradatum, a subsidiary of CGE Energy, Inc. (OTCPink: CGEI), recently raised $10 million in private capital to develop a self-powered macro cell tower that combines wireless communications and electric vehicle charging.

The money will finance the design of the tower, pilot production and deployment. Aradatum has four towers waiting for testing and deployment, heading to Maine, Kansas, the Upper Peninsula of Michigan and another location to be determined.

This statement is materially false and misleading!

[BigYak]

Do you think that more money would increase the rate at which the tower is completed?

[BigYak]

Dano, my take, not that it matters, is that if/when the first tower is working then it's over. The market usually does a good job of looking at the future. It might not be instant 100 pps, but it'll be substantial. Now, obviously, we're a long way from there. A man can dream, though, right?

Who knows, maybe they're under-promising in an attempt to over-deliver?

[dano4135]

My take is that we will have no "shareholder value" till 2027. Nothing in the ground till 2024. Let's call that mid 2024. Then it has to be tested. Lets call that beginning of 2025. Then you have to put enough of them in play to actually have some worth, that puts you out to 2026 and frankly more like 2027.

I will be 68. Sixty eight. the big 6 8. I feel like the moron my wife told me I was 15 years ago.

There really is nothing to say. I feel sick.