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Hoping this patent could be what we have been waiting on. Wishful thinking on my part. Maybe now that patent is secured, a buyer for the company will appear. I had just kind of written this investment off as a total loss, now once again (for the umpteenth time) I am wondering about what might be possible.
Pink, I had pretty much given up on this. Maybe a silly question, but can you tell us how reliable the source has been for you. Still won't mean it is gonna happen but would be nice if the source is somewhat reliable. Even if it is reliable info, in the DD stage, anything and everything can go wrong. Trying not to get excited.
Your were right to be skeptical. My hopefulness was ill founded. What can I say.
Pink,
I am just in foul mood. I guess I felt like if you are gonna show me a new prototype then tell me something about it. Does it really exist or is it just a animation? What makes it great? Can it still self erect? Where is it likely to be installed and tested? I definitely would not be bragging on the ishpeming prototype which only proved we could produce a failure. Failing is ok. Part of developing something new. But don't think you want to put it up in your video right next to your brand new shiny prototype. Just me and as I said, I am in a foul mood, so feel free to disregard my bellyaching.
Have not seen any of those magical mystery shares. Have you seen the latest video that Larry put out on his Linkedin? Brags about two existing prototypes. One is the ishpeming prototype that has not spun in about 15 years, so we have that to be proud of. The second is a never before seen model. I have not been able to get any clarification on where it is located or if it is a magical mystery prototype that exists only in the pretend world of video animation.
I was served with divorce papers on this date 16 years ago. You know how divorces go, lots of reasons they happen, but for me certainly the straw that broke the camel's back was the mackenzie bay debacle. I think the word used to describe me was "idiot". I had hoped by now to be able to point to my investment and say "wrong!. Investment GENIUS". But we start out this year with "IDIOT" as a fully accurate description. I think we can now be somewhat more descriptive and say "MAJOR IDIOT".
If anyone sights the magical mystery prototype please pass on your findings to MAJORIDIOT@NOONEISASDUMBASYOU.COM
Larry posted an excellent video on his Linked in. Said he is going to try and send updates while in in France. They leave tomorrow. They are hoping to do business so not JUST going to man a booth at vivatech. We might be on the cusp of some outstanding news. We shall see. Good luck to us all.
Larry posted an excellent video on his Linked in. Said he is going to try and send updates while in in France. They leave tomorrow. They are hoping to do business so not JUST going to man a booth at vivatech. We might be on the cusp of some outstanding news. We shall see. Good luck to us all.
Think they should be there at least by the 14th. Other than that I don't know.
Hoping this trip will bring a lot of good news about a relationship with Orange. Funding and/or planting a tower. We need some good news!
This is fantastic news. Way to go guys. Looking forward to hearing more good news after the trip to France. Hope this moves us to the launching pad.
This is fantastic news. Way to go guys. Looking forward to hearing more good news after the trip to France. Hope this moves us to the launching pad.
Bust a MOVE on thoe guys Larry! Best of luck to Aradatum and all of us Longs. Hoping this the break thru the team needs.
You made me LOL Pink. Good response.
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. :)
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.
I am with you Big Yak. Nothing else we can do. Just have to wait.
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
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.
Pink, I didn't mean BZ is free from criticism. Maybe his cell phone number was published to the public. I have no idea. I assumed it was a private number and it seems out of bounds to publish a private number. Feel free to criticize all you want. It's a freee country. I sure have done my share of it over the years.
I am with you on the "we are stuck" part of your post. I think we differ on the part where you feel they have given us no reason to hope.
For me the FORBES article is a reason to be hopeful. Also, the raising of 7.5 million or whatever the number, gives me hope. To me that shows others with 7.5 million don't find the idea of our tower ludicrous. Lot's of reasons for concern too. Certainly this is a risky proposition. Not for the faint of heart.
I think you are out of bounds on this cell phone number thing. Lets step back into the world of treating others the way we would like to be treated. BZ makes me a little crazy sometimes, but without out him I am sitting in the poor house with zero hope. He has kept this thing afloat. He deserves more respect than this.
I am in the "moons" camp. My confidence wavered there for a bit, especially with Mag's initial report. But I am back on board the "moons' boat.
This is NOTHING more than wishful thinking on my part but I am down for IPO of 5 bucks and ultimatel 100 plus. I do have to admit a while back I had us at the multiple dollar level here in March. So take my guesses as just that, guess. But I think it's fun to guess and I think we could all do with some fun and less anger.
The great SWAMI (wasn't that johnny carson's character???)
good info Big Yak. I just thought it turned out to be unsuccesful effort. Had no idea it was too early to expect an outcome. Fingers crossed. Hope they get the money they need and we can watch a moonshot. Just wishful thinking on my part. Sorry to be hopeful (just kidding).
Thanks for you input. On the lawyer, I have no doubt he would want everyone to stay quiet. That makes HIS life simple. Glad BZ realized that while silence is great for his LAWYER it is not a realistic approach to dealing with people that have put their trust in his best effort to bring this to fruitiion.
Welcome to the board, I don't remember having seen your handle on this board before.
Very well said Big Yak. That is where we are at.
Just hold the dang phone a MINUTE! I am hearing from someone that attended that there was like a 2 hr q and A session aftter Mags stormed out. He may have inspired it , I don't know but apparently they spent time trying to address questions. I did not get a report on those questions and answers but the respect shown to shareholders was vastly needed. And they should get appreciation for taking the time to do it. I just cant believe after all these years I was too sick to attend...I just can't believe my luck.
Mags,
Up until today there has been so little to go on. But you presence at the meeting is a FIRST HAND observation, and good one to boot. Your report on this meeting probably was the most valuable post. Everything else has been us wishing that success was close around the corner sometimes, and other time griping about 100 things that are so frustrating. But today you went out and got the facts for us and I tend to agree with you, your post may well have been the most valuable we have had. Thank you for making the effort.
,
Thanks for sharing. I have been sick, so glad I did not drive the 9 hours for a 27 minute meeting and then have to drive home with all that disappointment. Seems like if there was ANYTHING to be excited about this would have been the place.
I guess I was somewhat surprised that Roush had anything to say.
I understand your disappointment, and frustration with those of us who have tried to keep hoping for the positive which never gets here.
Excellent report and I personally am very grateful to you for sharing your insight on the meeting.
i got covid a two weeks ago and have had a hard time getting rid of it. I hate that I was not able to come to the SH meeting. So anxious to hear everyone's reaction that was able to attend. Please post your reactions as soon as possible.
Pink, How were you notified? In the mail? Email? Thru your broker?
Mags, I tend to agree. If there was great news seems like we would be hearing it. Don't know if this is unrealistic or not but my wish woud be that at the shareholder meeting, they would give us the same presentation they gave to the the folks that gave them the 15 million. Those folks had to be convinced that there would be a ROI in a reasonable amount of time. Whatever they were told to convince them, I wish they would tell us. Do you think that is a pipe dream? Is there a good reason to withhold that information?
Prof, welcome to the board. Great post and right on the money! How can communication be so hard??? Hoping the SH meeting in March will mark a new direction and better communications for shareholders.
Magnetics I got the news second hand from a friend. He had complained about not having shareholders meetings. Got a response from the tranfer agent informing him of the jan 20 shareholder's meeting. To my knowledge he has not yet been informed of the cancellation.
It has been 15 years since they had one I think. It seems very odd that we are now inside of 2 weeks and not a breathe from the company. Based on that, I am not really expecting much. I am biding my time before making a final decision but leaning towards making the trip.
Is anyone planning to attend? Is it by invitation only? Some reason it has not been announced to all shareholders?
Happy New Year to everyone. Hope this will be the year where all this takes off.
Merry Christmas Big Yak and to all others. When I saw that I thought we had some connection with Resound but was not certain. My very vague memory was that maybe the connection was mentioned in the FORBES article. Anyway, fingers crossed for some good news soon.
absolutely!!!!
Thanks for posting this YAK. Good presentation on the gap they are trying to bridge. Like everyone else wish we had a bright shiney new tower to show. Hope they get a good response. Would it be expecting too much to get about 300K pre orders??? LOL.
Gee, it seems not everyone is in agreement in their outlook on the future of Aradatum. I am in the bright outlook camp and don't feel a bit stupid for feeling that way. Having said that, a bright outlook is far from a done deal. So I keep waiting and watching with interest.
To those who don't share my optimism, I am not interested in a food fight. There are valid reasons for skepticism. I would encourage everyone to watch their tone. Let's let this be one place in the whole dang country where people can disagree and not insinuate that those with a different opinion are stupid or immoral.
Sometimes you may need to remind me of my plea for civility. Sometimes I get riled too.
My marker in the sand is March, give me grace to say March 31. If we don't have a tower in the ground by then....well gee, what am I going to do. Guess I will have to admit to having been overly optimistic. I imagine the world will keep spinning, even if my wind turbine is not.