Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Dano, there's nothing wrong with being hopeful about a long shot stock. It still, in my opinion, is weird to constantly rag on something that you're apparently invested in.
As I've said before, big risk brings big rewards. Right now, it's not looking great, but who knows they might pull a rabbit out of their hat. We all knew the risks of investing in something of this nature. Regardless of what happens, the idea is still a good one, and I'll stand by that. Whether or not that idea is brought to reality, is another thing.
Do you have a link for the stuff you're saying, or is that just insider information? CGEI being listed for all that time with Aradatum as its subsidiary did a whole lot of good, huh? This company will go as the tower goes. Until a tower is erected, there is no proof of concept, and it will not do anything. So why bother to keep it listed? It's the same sentiment I've kept all along. Working tower=huge success, failure to complete the tower=huge failure.
Nothing was spouted off randomly, on my end, at least. I posted about, and linked it, days earlier. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171645718
I don't think they would benefit from marketing that would reach average Joes like us. They're seeking, what appears to be, a very large investment. I doubt any of us have the amount of capital they require. They're in the appropriate space to get what they need. I regularly see Leete interacting with several large players in the right spaces on LinkedIn. That, combined with the events they've been involved in, shows me they're doing the right things.
Look, I think we all want this thing to succeed and I think they do to. I understand the frustration, and I would wager that all of the guys in the company would tell you that they wish they were farther along. You think they're excited about having the rug pulled out from underneath them when they thought they had funding secured? I doubt it.
We should know within a week, I believe, if they advance or not.
All my information comes from LinkedIn, which really isn't that hard to find. Although, I guess it's just easier to spout off random things.
https://www.linkedin.com/posts/larryleete_accessabsolutelyanywhere-activity-7054828660456906756--trm?utm_source=share&utm_medium=member_android
Larry and company go to San Fran tomorrow to pitch the company. Here's to them knocking it out of the park.
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.
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.
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
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.
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.
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.
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.
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.
Do you think that more money would increase the rate at which the tower is completed?
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?
I have concerns. They seem like they may be hurting for money. They make it sound like they could stay afloat until the tower was done, but is that the case? I bought shares of CGEI with the understanding that I would be getting an equal number of Aradatum shares, this sounds like they're trying to warm us up for something other than that.
Early 2024? I was really hoping for this year.
I've always been very supportive of the company, but it seems like we're headed in the wrong direction. There are some silver linings, though. It seems like we have MANY suitors who are interested in allowing us to implant a tower into their land. All of these guys are shareholders, all the same as us. If we lose value, so do they. Finally, and some of you may not agree with this, but I still believe in Leete. Whenever he speaks on something related to Aradatum he always has the right answers.
All in all, this is not where I wanted to be this year. However, I'm not going anywhere.
Email from CGE
Q. Where does Aradatum intend to install its first system?
A. CGE’s subsidiary, Aradatum, Inc. (“Aradatum”), has been exploring several different locations to use as the site for its first telecom-anchored microgrid system (the “System”). Potential sites, with interested parties, literally are spread from Alaska to Maine. The site actually chosen will depend on a number of factors, including, but not limited to: the timing of the first installation; the local/State incentives being offered to install at that location; and the requirements of potential tenants (network operators/wireless access service providers/etc.).
Q. When does Aradatum intend to install its first system?
A. Depending on the availability of additional capital to complete engineering and manufacturing for commercialization, Aradatum plans to install its first System in early 2024. Aradatum is working to accelerate installation timing, but this schedule is constrained by existing capital limitations.
Q. Has CGE received or applied for grant funding from the government?
A. CGE’s subsidiary, Clean Green Energy, Inc., has previously received grant funding from the government for renewable energy-related projects. Aradatum, Inc. currently is in the process of developing for commercialization its telecom-anchored microgrid system. Given that this system has not yet been tested commercially, and based on the advise of its grant consultant, Aradatum has not yet applied for government grants.
Q. What is the relationship between CGE; Clean Green Energy, Inc.; and Aradatum?
A. CGE currently owns and controls Clean Green Energy, Inc. and Aradatum, which are CGE’s wholly-owned subsidiaries. For a visual representation of the current corporate structure, see below:
CGE Structure
Q. What are CGE’s plans for enhancing shareholder value?
A. CGE’s management and directors include the largest shareholders of CGE, collectively holding (directly or indirectly) over 80% of the total issued CGE common shares, so enhancing shareholder long-term value will continue to be a primary goal. CGE’s preference for enhancing shareholder value continues to be a future spin-off of its Aradatum subsidiary. Aradatum’s stock structure has been implemented to continue to allow for CGE shareholders to receive one share of Aradatum common stock for each share of CGE held at the time of such a spin-off. However, as Aradatum raises capital directly and its requirements and ownership structure change accordingly, Aradatum may adopt a different structure or going-forward plan that varies from CGE’s current preferences.
Q. What is the planned spin-off timing?
A. To the extent that CGE proceeds with a spin-off, the timing of any spin-off or other liquidity event will depend on a number of factors, including, but not limited to: the timing of Aradatum’s commercial installations; the success of third-party testing at those installations; Aradatum’s projections on growth and valuation; and general market and regulatory conditions.
Q. What happened recently to the share price for CGE?
A. CGE does not comment publicly regarding the value of its common shares, and it is up to each shareholder to determine whether to buy or to sell and, if so, at what price. On October 11, 2022, CGE issued a press release stating that it had ceased to support the OTC Pink market as of the prior year. CGE had made the determination not to continue to pay for a listing on the OTC Pink market, as CGE did not believe that the quotations provided by brokers in that market accurately reflected CGE’s actual value, and CGE was concerned that its reported share price was being manipulated by small volume transactions. On February 22, 2023, CGE reported that, as a result of it no longer supporting an OTC Pink listing, trading in CGE Shares apparently was moved to the OTC “Expert Market”. CGE does not support this “Expert Market” either, and CGE believes that low-volume trading may continue to be used to manipulate share pricing. For example, on February 22, 2023, the last published sale price of CGE common shares trading under the CGEI symbol was $.0004, reflecting a sale of 690 shares at that price. Assuming that this reported transaction was correct, it appears to have involved the purchase/sale of CGE shares for a payment of only $0.27 (690 shares x $.0004/share). Especially considering the cost and fees commonly involved in buying and selling securities, CGE believes that this kind of trading confirms that market manipulation based on low-volume transactions may be occurring.
Q. Is the symbol tradable or frozen?
A. CGE has not received any information suggesting that shares trading under the CGEI symbol have been frozen. According to OTC Markets, CGEI-traded stock on its platform is “eligible for Unsolicited Quotes Only” and “reflect unsolicited customer orders.” In addition, OTC Markets states that “[t]he Expert Market® serves broker-dealer pricing and investor best execution needs. Quotations in Expert Market securities are restricted from public viewing.” Please contact OTC Markets directly () for any questions regarding its platform, including the process for trading shares on that platform.
Q. Why might my Fidelity/TD Ameritrade shares not show up on CGE’s records?
A. The SEC adopted certain rules in the mid-1980s that govern when an issuer, such as CGE, may obtain a list of its “street name” shareholders who have not objected to such disclosure. “Street name” shareholders are those shareholders who hold their shares through a broker or bank custodian, such as Fidelity or TD Ameritrade. Under this form of ownership, shares are “owned” by the broker, bank or other intermediary, so that only the broker or bank knows the identity of its client, the true beneficial holder. If you hold shares beneficially through your broker or bank, we can only obtain your information if your broker or bank provides it to us. Please contact your bank or broker for more information.
Q. Is there anything I need to do to maintain my status as a shareholder of record?
A. Please ensure that your broker or other intermediary has your up-to-date contact information on file. This will help ensure that you receive any notices or other important documents related to CGE.
Q. How do I remove a restriction on my shares?
A. To attempt to have a share restriction released, please contact CGE’s Stock Transfer Agent, Signature Stock Transfer. Jason Bogutski at (972) 612-4120 and he will walk you through the process. Generally, the process involves providing stock ownership information, a formal request that you would like the restriction released, and sending the original paper stock certificates to Signature Stock Transfer. You may be asked to provide additional documents or information. If the legal requirements of lifting a restriction are met, and once the fee is paid and the paperwork is processed, a new certificate of ownership without the restriction in place will be issued.
I'm not saying anything in regards to the present. I'm invested in this company for the future. All I'm saying is, if it moons, we all better be handing out the compliments as fast as we're handing out the criticism.
Next Segment of that isn't held until March 21st and Launch Alaska hasn't released anything regarding any of the candidates, to my knowledge, and probably won't until April/May when they invite companies into their portfolio. If/when this thing pops off, I hope you all will put as much effort into giving these men credit as you have ragging on them. The material we've seen from Paul, so far, has been professional and entertaining, in my opinion.
The guy is beyond frustrated. The reason he is met with that response is because of his behavior. He is, in my opinion, always unfairly negative. Also, when was the last time you called someone a "c*cksucker" or "p*ssy" when you didn't agree with them? I would hope that answer is never. That's why it's hard to take any of his information as "viable."
The problem is, no reputable source actually went. The thing is, I trust these guys, especially Leete. Even if you don't, you have to agree that they share a financial interest. Honestly, what could have been said at the meeting that would have changed anything? They're either going to get this done and this thing is going to go to the moon and we can all have a good laugh at this, or it won't happen and the stock will go to zero. My money is on the former, but I can tell you this, they can't linger in the twilight zone forever, because money will eventually run out. If you don't agree, what are you going to do sell? That would be idiotic, at this point. For two reasons, the share price is awful, and because we're on the peak. We'll all know if it's boom or bust before too much longer.
Start-ups do not have to sales to be a "real company." Say what you want about CGEI, MKBY, I'm here for Aradatum. They've had millions of private money invested, been in legitimate programs, featured in a forbes article, and are partnered with some big name companies. If one can't see the potential that this product can fill, they must have more impatience than brains.
Then what's your take on this company?
New account created with just one post, the post on here, after Magnetics was suspended. Burner, anyone?
Dano, it is unfortunate that you or I could not attend, or anyone besides the eternal bear, so that we could have an unbiased opinion of what happened. Unfortunately, I worked the night before, 5 hours away, and making it was going not going to be a possibility. I'm going to put my trust into Larry and company. That may seem illogical, but they obviously have a plan and as I've said they're all invested with us.
So Magnetics wasn't happy with what happened? Shocker! Lol
I, too, was unable to make it due to work. I hope someone went and can give a clear picture of what was said. Hope you feel better, Dano.
"As a point of clarity concerning the future ownership of Aradatum by CGE Energy Shareholders, when the spin-off occurs, the intent is that every CGE Shareholder on the date of the spin-off will receive Aradatum Shares on the basis of one Aradatum Share for every one CGE Share owned, as of the last trading day prior to the spin-off. Only CGE Shareholders at spin-off will receive Aradatum Shares."
https://www.globenewswire.com/en/news-release/2021/04/22/2215199/0/en/CGE-Energy-s-Subsidiary-Aradatum-is-Making-Next-Moves.html
I don't know how much more cut and dry this can be, 1 to 1. As Pink pointed out, the people steering the ship have every interest for us to do well. They are shareholders, just like us.
I don't know what legal action you could pursue. This is about as speculative a stock as they come. The only way anything could legally take place is if they failed to honor their 1:1 share ratio. I've said and will continue to say that I'm not sure how much value CGEI has, The Golden Goose here is Aradatum. I think they may be biding their time to list Aradatum when all the right pieces are in place, then let the stock hit the ground running. Just my two cents.
https://aradatum.com/powerandconnectivity/
New video, seems like things are moving along to me.
Would you stop acting like you wanted anything but this company to fail? "I'm trapped." Lol. I, for one, am not ready to throw in the towel. No, I did not want to see a massive chunk of my portfolio wiped out. However, instead of going to panic town, I thought to myself "who is going to sell at that price?" No logical person would do that, not at this stage. There were buy orders in well before that mark, it doesn't make sense. As I've said before, price movement on such little volume means nothing. The company has acknowledged it, and has a plan in place. I will be waiting to hear what's said at the shareholder meeting.
Grbo posted this on the 8th. "This security has entered a 15 calendar-day grace period before it is downgraded to the expert market" I'm wondering if it may have something to do with this. I really don't think the price could've dropped that low naturally, and considering no announcements, I'd be surprised if they just packed it in considering Leete is still active on LinkedIn.
An explanation is obviously warranted here, but not sure that is coming until the meeting.
Massive Power Outage in Oakland, right now, it has the airport at a standstill. Aradatum can help here.
It would be highly disappointing to see that happen. As you said, management owns a majority of the shares, so I think it would be difficult to stop, but anything less than 10x would be a disappointment in my eyes. I don't know if 10x buyout has ever happened and even then I feel like the potential is so much greater that, even if we did get 10x for our shares, I would be sad.
And that is a very valid point, but I will retort with this. Do you know how long Starlink took to develop? 2015 was the start and 2018 was when prototypes were just being launched into the sky, prototypes. That was just one article, another article said a decade is how long it took to develop.
This stuff takes time, we're doing something that hasn't been done.
The problem with satellites are numerous.
1.Cost for the consumer. It costs 600 down just to get started with Starlink. There are a lot of people who can't do that.
2. Speed fluctuations. I've seen several people report that Starlink has gotten worse over time and this backed up by Ookla speed tests.
3.Latency. Think about how long it takes for signal to reach a satellite in space. This is not acceptable for things that need low latency, think self-driving cars, autonomous tractors, remote surgery.
4.Congestion in space. I know some people write this one off, but there is only so much room up there and starlink uses premium satellite real-esate. It's just going to get more and more congested leading to slower and slower speeds.
5. Aradatum is not just about internet. Starlink just takes takes takes. Takes the materials for new satellites, they only last 5 years, takes the energy to send them into space, that doesn't sound environmentally friendly. Not only do Aradatum towers last significantly longer, power themselves, they actually produce excess power to create a secondary grid to alleviate the stress on our primary grid. Starlink could never!
Who would take a Starlink satellite over an Aradatum tower? Maybe Musk.
It's like talking to a brick wall, as mean as that is to the wall. The time frame for the tower was March. Do you want an update that the tower is still being worked on?
Isn't that the purpose of the meeting?
Our design obviously kicks the dog crap out of that. Ours produce way more electricity, has a lower footprint, is more weather resistant, and I'm not sure how much it counts for, but in my opinion is much better looking. I would go as far as to say it enhances the look of the area it's placed. Now, they do have one pretty significant advantage, their tower is in the ground and working. I'm hoping that is only a temporary advantage.