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.
Just as I predicted. The big sellers with huge positions come in as the stock reaches $.04 and start selling then keep dumping as the buying dries up and bingo.. back to $.02 we go.
I love how there is always a 55,000 print. seems as if there is one seller that just loves to sell that many shares.
This stock is as predictable as the sunrise or the tides. Great to trade.. awful to invest in.
Well I don't think I would want to invest in a company that can't book a completed sale (the only sale made in the quarter) within 52 days of completion.
Talk about total incompetence... or worse. I still think there was no income reported because there was no revenues generated for the company. Notice there were no expenses either. What.. did they also not get billed for any of the parts they installed and did they also not pay anyone to do the installation? PULEEZE!!
They finished the installation on or before Feb 7th. Are you suggesting it's normal for companies not to invoice a completed sale within 52 days of completion? I would think a company with limited cash would bill right away. Also, are you also suggesting that the suppliers decided not to bill them for the product and no employees were paid to do the installation? All those things go into "Cost of Goods" and there were none in the filing.
I am suggesting that this is a question everyone needs to be asking themselves and the company. The company knows the question is posted here. They are the ones choosing not to respond. They could not respond privately as it would require their divulging non-public information.
The canvas blade design was a novel concept and makes sense in the context of high winds but it also means they will need to be replaced regularly because canvas does deterioriate in the weather. Obviously, maintenance affect the ROI. But as I have said before, the unidirectional design is the turbines biggest drawback since the wind only blows in a direction that will turn the blades part of the time.
And.. on the subject of LED contracts... you are correct in saying that the company already completed one project but you failed to mention that it was a mystery project because it didn't generate any revenues nor did the company incur any costs in completing the job. I wonder how that happened??
Finally, the charts dispute your theory that the stock is going much higher. Big sellers always show up as the stock moves beyond $.04 and it comes back down.
Still, if you're looking for great stock to trade.. buy this at $.02 and sell as it gets close to $.04. Closest thing to an ATM machine you'll find on the pinks.
The company can't give out non-public information but come on.. the whereabouts of that revenue should be publicly disclosed. They announced the sale.. and they announced the completion of the sale.. heck they paid a lot of money to promote both for that matter. So... once again I ask.. Where's the revenues?
I think the company should issue a press release explaining exactly what's going on because they owe everyone an answer.. and let's face it.. if I did ask them privately and they responded... I wouldn't blame anyone for questioning the veracity of my post when reporting it here.
Or perhaps I am the only one wondering what happened to the revenues that came from that sale.
When? Everyone here keeps saying what BLDW will be in the future. They installed those two turbines (their only sale) on Kohl's back in 2011 and have installed nothing since. Why does everyone keep talking about how much they will make in the future. The future is now.. if they had a decent product and competent sales people, they would be closing deals left and right today. There is nothing evident on the horizon that suggests things will be any different tomorrow than they are today.
As to that alleged sale to the physicians building... well we've already seen the LED part of that business be exposed as a load of hog wash.. sale made.. installation complete but no revenues. No reason to imagine that supposed turbine sale is going to have a different result.
The company owes us an explaination about the first quarter sale and installation that wasn't booked and everyone should be asking themselves the most important question of all. Why can't they sell those turbines? Awesome subsidies and tax breaks and yet no one's buying.. Kohl's hasn't reordered more turbines either. They've got more room on that roof for plenty more turbines. If they're doing the job... why aren't they putting more up there?
Bottom line the books don't support investing and the company lacks the transparency to earn anyone's trust. This is a stock that's great to trade but not to invest for the future in.
Speaking of trading.. It looks like there was some selling late Friday.. I'd look for it to continue today and this week as those big shareholders once again take money from the market and drive the stock back down. Of course, smart traders will also start taking their profits off stock they bought at $.02. This is one sweet stock to trade.. that's for sure. Easy money.
(there.. i said something nice about the stock)
The company can't disclose more information than they have made available to the public. But the company isn't good about answering questions anyway. I asked a bunch if times here about that R&D Study they were bragging about completing and their response was that it was none of our business... LOL...
http://ih.advfn.com/p.php?pid=nmona&article=53768115
The company owes the public an explaination as to how it can have completed its first sale and installation of LED lighting and yet not generated a single dime of revenues or incurred a single penny of costs in the process. They shouldn't answer it to someone inquiring.. they should announce it publically.
They should also update us on what the heck happened to that audit they said they announced back in January. It doesn't take 6 months to conduct an audit on a company that has almost no revenues and such a simple operation. I'll bet they signed the engagement letter and didn't do anything further. Just more smoke and mirrors. Where is the update??
Instead they give investors fluff like that last press release.. a bunch of irrelevant crap that has nothing to do with BLDW.
Where's the revenues they supposedly generated? What's up with the audit??? or as Clara Peller would say.. "Where's the Beef?"
As time goes on this company is looking more and more like a joke and a scam and less and less like a real company trying to actually accomplish something.
If the product is so darned attractive what with the tax advantages and all, why can't BLDW sell any of them?
The only sale they have made since Kohl's and it's questionable in my mind since no revenues have shown up following announcements that completed sales to the same client have produced exactly no revenues and based upon costs reported in previous company filings, they sold them at a miniscule profit at best or a loss. In the interim, other alleged "almost sales" like to that apartment building have been bragged about but never closed. Doesn't sound like much of a profit to me.
If Kohl's liked these turbines, after trying them for a couple of years, why haven't they purchased more?
Don't have most of the answers but here are the one's I do have
1...What was the cost of those 2 units to Kohls'?
According to BLDW financial statements, they got $50,000 in revenues during the time period those two were installed... It also reveals they spent $60,000 installing them. (Makes the recent alleged sale of 10 @ $27,000 each a bit of a question mark)
5. I don't know actual savings and the company won't tell us but we do know the MAXIMUM savings (not possible to achieve) is 15,000 kwh per year which works out to 1250 Kwh per month at 100% output 100% of the time. At $.06 per kwh that works out to $75 per month per turbine. So.. two turbines working at capacity 50% of the time (doubtful if they are doing that well) both combined would save Kohl's $75 per month on their $50,000 gross investment. I would guess they are probably getting more like $40 or $50 per month totalworth of electricity off the two turbines. (You can check current electricity rates in Corpus Christi butI know it's pretty competitive. Obviously, the amount of comparitive savings would change based upon what Kohl's is actually paying for their power.
6. The savings will end when the cost to repair exceedsor doesn't justify the amount saved and Kohl's takes them down.
7. Off the company disclosure documents, its website, press releases and news articles.
8 Agreed.. talk is cheap. Especially when it's all hyperbole. It's nice to finally be able to have a substantive dialog here. Thank you for that.
Glad you asked. Here is a news report that the company didn't tell anyone about (unlike the one they promoted ahead of time thinking it would be awesome.. but turned out not to be)
http://www.kristv.com/news/are-kohls-wind-turbines-worth-it-/#_
The script is below the video.. Here is an exerpt
An announcement regarding increased sales? What's the point when they already announced a sale.. then announced the completion of that sale and the installation but didn't book a dime of revenues or even cost of sales? They could announce a billion dollars in new sales but if it didn't result in any revenues, what good would it do? Something's fishy and it's distressing that no one here but me even seems to care.
Uplisting??? How can they uplist? They claimed to have hired accountants to audit the books but there is no evidence of any such thing on the financial disclosures.. again something very fishy here.
More patents would be good since their current technology is pretty much worthless since no one is buying it. Kohls bought two turbines.. found out it's only saving them 2% and haven't ordered any more and they are one of the most aggressivly green companies in America. The unidrectional quality of the turbines makes them pretty useless compared to other wind generators since they are only spinning when the wind is both blowing and blowing from the right direction.
Still asking what happened to the revenues from that big LED sale they announced back in January and February? Anyone else wondering what happened to it?
That press release would be laughable if it wasn't so darned pitiful.
A press release, not about BLDW at all... bur rather about companies that are investing in technologies that could improve the efficiency of wind powered energy generators while BLDW produces one of the least efficient wind turbines around due to its unidrectional construction.
But even more pitiful is the fact that they didn't even spell check the release before publishing it.
The company can't reveal more than it has released publicly. But based upon experience, if the company had something that could be spun to look like good news, even if it wasn't, it would have been issued in a press release.
The company reads this message board. They know there is a problem with the discrepancy between the press releases and the financial statements and they know we know about it. They also know that I am the only one who is discussing this problem so why should they respond?
Yes.. the company should update you on the results created by Paul Getty. Let's see what we know so far. Well, we know the company paid him over $400,000 in stock up front back in November and so far, he has supposedly produced this contract with the doctor's office building. The only problem is.. here we are 6 months later and there is nothing shown as spent on the project in the disclosure docs.... unless they hid it somewhere and didn't tell us. Nor is there anything in the disclosure documents about this alleged contract.
PLUS... as previously mentioned, the company proudly boasted it had completed its first sale and installation in the first quarter but never booked a dime of revenue or, again, costs of sales.
And of course, we musn't forget that the contract Paul allegedly sold was for 10 turbines at a sales price of about $27,000 each. Given the Kohl one's cost the company $30,000 each to install, at best.... if it completes, which at this point is highly doubtful, it won't be very profitable and I predict it will be done at a loss.
So... what does the company have to show for the $400,000 it paid Paul Getty after 7 months? Nothing but a questionable press release about an alleged sale. No progress on the sale after 7 months.... No follow-up sales... no great deals... sounds to me like BLDW made a pretty bad deal.. but paying someone up front usually works out like that. Give a lot and get next to nothing back.
5 more months and Paul can start selling his shares. At a cost basis of ZERO... I wonder what the lowest he'd be willing to dump them at is??? If he's smart, he will take what he can get since the company keepd issuing more shares and diluting shareholders.
Yeah.. here's hoping the company comes with that update on the wonderful things, as of yet hidden from view, that Paul Getty has done for the company because so far, it's living up to my expectations... but then I had the bar set pretty low... lol.
They didn't announce they were working on a contract. What they announced was the
There is an issue that badly needs to be addressed. It's far more important than theoretical conversations about what might happen in the future.
I would appreciate someone responding to this in a substantive way instead of ignoring it.
In January, BLDW announced a $250,000 LED contract. On February 7th, BLDW announced completion of the first part of the project yet the quarterly report discloses no costs related to this alleged project nor does it record any income... something that would naturally occur upon completion of a project.
Where is the income from the finished job BLDW announced? Where are the expenses attributed to the job?
QUESTION: What do people call a company that makes announcements about revenue generating contracts... then announces and promotes the completion of at least some of those contracts but then produces financial statements that don't reflect anything at all relating to those alleged contracts?
ANSWER: A scam.
What else can we call this given this reality?
How can you say this given the reality that's before us?
WHERE THE HECK IS THE INCOME FROM THE JOB? While I'm not surprised by the fact that BLDW reported $0 revenues during the first quarter, I AM surprised that none of the believers expressed concern that the company lied through their teeth to you back in January and February about a contract worth $250,000 for the sale and installation of LED fixtures in that Doctors office.
http://finance.yahoo.com/news/building-turbines-partner-atg-led-123000991.html
http://finance.yahoo.com/news/bldw-completes-first-led-project-132100628.html
Here's what BLDW said on Feb 7th.
Ya know.. you may be right... so this will theoretically help turn those blades a little better in low winds when the wind is blowing from the correct angle.
Think they'll help them turn when the wind isn't coming from the correct direction? I guess not.
Without making them spin when the wind isn't just perfect, I doubt that is going to make them more affordable. It's not that they can't use the vortex to turn well at low wind speeds when the wind is coming from the right direction that makes these turbines suck as an investment. It's that they don't turn at all when the wind isn't coming from the right direction that makes them less than desirable.
Agreed... and if you doubt this company's ability to blow investor capital, just follow the history of the company's founder and CFO. He managed to blow through nearly $60 million of the public's investment dollars running his previous company before his board "accepted his resignation."
http://www.sec.gov/Archives/edgar/data/1052257/000101376207002254/form10qsb.htm
Never did turn a profit the entire time he was running the company.
Any reason to think things are going to be different this time?
Interesting discovery: I checked the webcams and noticed that, although Corpus Christi still isn't working, they have gotten the Austin one active again and there is a change in the works. One of the turbines has the blade material removed and there are elevated inclined platforms added to the structure between the blades. It looks to me like they are seeing if they can make them more marketable by adding small solar panels to compliment the occasionally spinning turbines.
After learning that Kohl's is only realizing a miniscule 2% energy savings, it's obvious these things offer potential users an unacceptable ROI. If these new things are for solar panels, this really demonstrates how dumb management is. Right now solar panels cannot improve the ROI because the cost of adding them to the installation won't be offset by the amount of electricity they produce. Like wind turbines that run no matter which way the wind blows, solar panels still haven't reached parity even with generous government subsidies.
These turbines will never be accepted for the simple reason that they only work when the wind is blowing from the right direction. The rest of the time they sit still doing absolutely nothing but negatively impacting the architectural design of the building.
Anyway... it will be fun to watch the folks at BLDW try to promote this new twist. Maybe they can get enough buying to allow their supporting shareholders to dump more stock so they can fund the company for a few more quarters.
Of course... we may find in the new quarterly report... after this big LED project was completed last quarter that the company is in the black and enjoying substantial cash flow... anything is possible. We'll all know on Tuesday. I know I'm on pins and needles and absolutely giddy with anticipation.
Oh darn! This means we will all have to wait another week until we can learn just how much $$ BLDW earned and how much profit resulted from that big announcement they made back on Feb 7th when they said that the company had taken another big step in becoming a full service company with the completion of "its first LED sale and installation, through its strategic alliance with ATG-LED"
They were so proud of this relationship... still shrouded in mystery as we still don't have a clue who this ATG-LED is... but the numbers on this financial statement are going to be most revealing. Remember, they announced that the value of this sale was $250,000. Will they show this much in revenues for the quarter? That will be huge if they do.
I'm so excited... I just can't wait. This is going to be good... unless....
What in the world are you talking about? Those web cams have not been operational for months. They've got these graphics saying they are updating the system but of course, they're not. I can't help but wonder what they don't want us to see. They are obviously not upgrading them because they went down and never came back up.
As to this volume... some big shareholders are probably dumping to get more money to give to the company in return for even more cheaper shares.. The company's probably selling them for under a penny now. It's the same old thing every month they dump with or without an attempt to pump the stock... and it keeps drifting lower and lower. Soon it will sustain in the 1 cent range then we'll see it trading under a penny...
In two weeks the quarterly report is due... not that they'll produce it on time but when they finally do file it we will be able to see just how much the company made on that LED lighting project they completed back in February. I am predicting it will either show no revenues or nothing worth talking about... but that's just my opinion.
Are you sure these prices are truly cheap? Or are they just lower than previous trading levels yet still too high in the long term? At $.02 the company still has a market cap of over $4 million... which IMO is about $3.5 million over it's actual value (if that).
They are printing shares like crazy... 145 million last December and now over 200 million.. selling tens of millions of shares at $.01 to keep cash in the till. (and that was when the stock was much higher). I expect we will begin to see stock being sold at sub penny prices.
May 15th or thereabouts will be important as that is when we will see exactly how much BLDW made (gross and net) from that LED installation they completed in February.
Here's something I have been wondering. A couple of months ago, the company turned off the webcams for their corp HQ and the Kohl's site in Corpus Christi. It says the systems are being upgraded but that would only take days.... not months so here's my question. What doesn't BLDW want us to see?
Oh.. and on the subject of Kohl's, can anyone guess why BLDW did't brag about this news story about the wind turbines on Kohl's roof?
http://www.kristv.com/news/are-kohls-wind-turbines-worth-it-/#!prettyPhoto/0/
Perhaps it's because they reveal that Kohl's is only saving 2% off their electric bill.... LOLOLOLOLOL... and Corpus Christi is about as reliable a wind place as you are going to find... no wonder they haven't ordered any more.
Looks like what I've been saying all along is correct... being unidirectional with a maxamim potential of only 15,000 Kwh creates an impossible situation and ROI's will NEVER get to a point where they make economic sense.
I agree so let's see exactly what Paul Getty has done for the shareholders of BLDW.
The day before it was announced that he had come on board, the stock was at $.06. Following the announcement, the stock closed that day at $.05 down 17%.
Today the stock is trading at around 60% less than the $.06. Same kind of results he delivered to his previous penny stock partner.
Additionally, his coming on board instantly diluted (devalued)everyone's equity by around 15%.
Oh.. and according to press releases, he's responsible for the alleged sale of 10 turbines for $270,000 total when historically they have cost around $30,000 each to install so he may have created a $30,000 loss there or, in a best case scenario, sold something for no or almost no profit.
Based upon actual results, I'd have to say he hasn't earned the nearly $400,000 he was paid in advance for his supposed contributions to the company and its shareholders. Certainly any person holding shares on the day he was announced has far less to show for their investment than they did before he showed up on the scene.
PS: I wonder how long those 26 million shares are good for. Will his loyalty last beyond the day he sells the last share starting in November?
What say you?
"In the current quarter the company issued 26,294,998 shares for services valued at $394,425."
Doesn't say who but I'm putting my money on Paul Getty. They gave him 14% of the company just to associate his name with it. Heck of a deal if you can get it... especially after how badly the previous company he sold his name to did once he joined it.
IMO, that's a heck of a lot of dilution at $.015 a share. Can't wait to see what happens when the 12 month waiting period is up. Bet our boy cashes in big time and since he paid nothing for them, it won't matter what he sells them for... it's all good.
I know some will say it was worth it but IMO paying that much up front is proof of bad and inexperienced management.
Of course, if it wasn't him.. then who the heck got the big payday?
It should be noted that BLDW has still not filed its quarterly financial statement for the quarter ending 12/31/2012. It was due February 15th.
Furthermore the company has not commented publicly on this serious failure.
This is a dangerous warning sign and shouldn't be ignored as "no big deal." This is particularly true for a company that brags and promotes the fact that they have hired the CPA team to audit their books based upon their plan on becoming fully reporting.
If they can't even get their books done on time with nil income what does that say for the quality of management? I think it says these guys are more attuned to be running a privately held mom and pop outfit than a public company.
If I had more than "throw away" money in this hoping for the long term, I would be very nervous indeed. JMHO
Read the year end financial statement. Page 12 says
"In the fiscal year of 2011, the Company sold 18,765,689 shares for $135,223. That works out to $.007 per share.
http://www.otcmarkets.com/financialReportViewer?symbol=BLDW&id=97970
Currently investors have to hold those shares for a year before they can start selling them (like they did today I assume).
After they become fully reporting, they will be able to start dumping them after only 6 months. No wonder the company is spending (wasting) all that money to get audits and start filing with the SEC. Faster turn around times means more easy funding. Issue cheap stock... free up cheap stock... dump cheap stock into market for a 100% - 400% markup... repurchase cheap stock.. rinse .... repeat...
then.. every once in a while.. reverse split and start all over again.
What do you expect when the company is selling shares privately for $.01? A person would have to be crazy to hold cheap shares for a year and then not dump them for a 100% - 400% profit.... especially when you can buy more shares at $.01 or maybe even cheaper.
NBT got paid 250,000 shares to say nice things about the company. This is just another stock promotional scheme.
Hmm.. for $75,000 what are the chances they are going to say something negative... or even neutral about the company?
Actually, Paul Getty appears to be one of those "rent-a-penny stock-director" kind of guys.
Before coming on board at BLDW he previous was named to the board of advisors of Sionix Corp back in Dec 2010 when the stock was at $.05. It's now at $.02. It ran in between but not because of anything Getty did. Hard to say when they dumped Getty but it appears they did. Or perhaps he bailed because they quit giving him stock or something. Of course, no one will bother to investigate this but here it is anyway.
http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=SINX:US&sid=ah47MvAjIZrQ
Perhaps, but before you do, you should consider this important fact.
in 2011, the company sold around 8 million shares for $.037 per share for cash to raise capital.
In 2012, the company sold more than 18 million shares and was selling them at $.01 per share. My guess is that the strategy is this. Convince an investor/shareholder to sell his free trading shares into the market for between $.02 and $.05 depending upon how much buying they can create using promoters. Then buy back the shares you sold from the company for $.01 per share and keep the profit. Then in 12 months, you can do it all over again. Good for the company... good for the shareholders playing along but highly dilutive and very very bad for any foolish shareholder who are actually holding the shares in hopes of seeing some upside down the road. As of September 30 there were already over 210 million outstanding and the number is climbing very fast.
If only they could sell turbines at the rate they are printing and selling shares......
The problem with that theory is that there are large shareholders who will start selling when the stock hits $.04 and continue dumping until it's back into the $.03's and below.
That's why it won't ever get over $.06... if that. It appears to me that the only reason this stock is promoted is to faciliate large shareholder selling.... not to increase shareholder value.
NOTE: I notice the company is once again late in its filings. Not a good sign when you can't produce financial statements when there aren't even any revenues to account for. Given the bulletin board will toss a company who is late in their filings, perhaps BLDW is planning to become fully reporting but remain on the pink sheets. That way they can be late as they want with no penalty.
Trading hint: Buy in the $.02's and sell in the $.04's
Sorry, but this is a sorry excuse for the company's decision to hide data.
Look up other energy devices. Geothermal heat pumps.. solar energy panels.. wind generators... you name it. None of them publish proprietary data or secrets but they all publish data that allows customers and the public to compute the products ROI. Many even talk of how long it takes the product to pay for itself as a means of enticing more buyers.
Data as to how effective these things are is not something that the competition needs and if what you are suggesting is true, then anyone can get it simply by pretending to be a potential customer.
There is only one reason, IMO, they won't tell you how effective these horizontal unidirectional wind turbines are and that's because the data would prove my point... that unless they were free, they wouldn't pay for themselves in a short enough time to justify installing one on a building.
This is a joke... right? He's keeping shareholders up to date on progress?
In their response to investor inquiries they just told those investors that ALL the results of the studies were none of their business using proprietary secrecy as the excuse. Excuse me... but telling shareholders how much electricity these turbines actually produce whether in test conducted by the AGEG or on their own rooftop is not proprietary information.
If I was a potential customer, I would demand to know exactly how much electricity they actually produce on average in existing installations. Does anyone think that the sales person could get away with saying "Sorry Mr. Customer but that information is proprietary so it's none of your dam*ed business." Hardley.
The reason they won't tell you how much electricity these one directional wind turbines actually produce on an annual basis is because if they did, no one would buy the stock.
They avoid the truth and instead issue fluff press releases like the one they just put out. They brag about research reports about to be completed then they avoid the subject for 6 months and finally declare that it's none of your business. Why tell you about the reports then?
Of course they shouldn't publish actual proprietary information but average output is no more a secret than how much the turbines are "capable" of producing. Performance data is an essential sales tool just like the study on top of 21 Rio was essential before they failed to get that sale.
And this so called strategic alliance with ATG-LED. We still don't know anything about this mysterious company.. who is behind it.. how the revenue generated is being divided up. I'd be willing to bet that BLDW is nothing more than a subcontractor doing the installation work while ATG-LED is getting most of the profit. But who is ATG-LED?
It's doubful that the Doctors office would buy from an unknown so my guess is it's someone associated with Stone Capital Partners or it's Paul Getty or someone associated with him and they created ATG_LED to siphon off all the meat off the deal for themselves but let BLDW do some of the labor so they could use it to help pump the stock.
That's what I think is going on anyway. We'll find out when the financial statements are published and we see how much BLDW didn't make.
Transparency.... NOT!!!
Major dumpage going on. Here's what I think is happening. The big shareholders (or the company) hired a new promotion group. That's obvious. Either they paid them with stock and this is the promoters dumping before pumping or the big shareholders got tired of waiting for results and decided to dump even though the new promoters hadn't gotten the hoped for buying activity.
Confirms what I have been saying all along. Buy at .025 and start selling at .04 - .045 as it moves up.
As far as investing in this POS goes.. fuhggeddaboudit.
Thanks to you and Grip for providing such a substantive description of how the vortex works.. and especially the illustration. It's true the vortex widens the degrees of wind direction that will spin the horizontal unidirectional BLDW wind turbines. As you can see in the drawing, with the added advantage of the vortex itself combined with the roof mounted blade to direct the wind, when turbines are placed on one side of a building, they will spin if the wind is coming in at a 45 degree angle from either direction and all points up to the direct 90 degree position. That's basically a range of about 90 degrees.
However, as the illustration clearly points out, there are another 270 degrees or potential wind direction where the vortex effect won't occur and the turbines will remain dormant. This is not the case with verticle wind turbines that turn into the wind.
We also agree that placement of the turbines is crucial to capture the most advantageous prevailing wind, but that being said, with very very few exceptions, winds vary from season to season. This website discusses Corpus Christi in detail and points out that while the prevailing wind is from the SE, it is only one wind pattern and the area has many weather patterns that are from a variety of northerly points.
http://www.corpuschristiwindsurfing.com/weather.html
And being coastal, the wind is more reliable here than many other places in the US where the wind is far less dependable.
Since the BLDW turbines produce a MAXIMUM of 15,000 kwh if spinning at optimum speed 24/7/365, the one thing we can be sure of is that, with them only spinning when the wind is coming from a 90 degree arc but not spinning when coming from any of the other 270 degrees, the turbines will not produce anything approaching maximum potential.
Of course, like all wind turbines, these will only work when the wind reaches a minimum velocity... even with the vortex effect.
The $64,000 question is what percent of the maximum potential do these things produce in actual use? Is it 25% of the potential or is it 50% or more? The real problem is that BLDW knows but won't tell us. They have been monitoring the turbines on their roof for quite a while and they know exactly how much electricty they produce month by month but will they tell us??? HECK NO!!
Kohl's for that matter also knows how much their turbines have been producing yet we don't know that either. The only thing we know for sure is that after about 1 1/2 years of use, they have yet to order more despite the fact their roof could probably fit another 10 or 12 turbines. To me that is a very revealing fact because if those things were living up to or exceeding Kohl's expectations, they would already have bought more. They have the will to buy as many as makes sense... so the only reason to not buy them is lack of justification.
Don't look for BLDW to release their studies any time soon. They had their chance and decided against it. You can speculate all you want as to why... but to me the reason is pretty clear. Bad news doesn't move stocks upward.
GLTA
Correct! And you can't produce electricity from the wind with a BLDW wind turbine when the wind isn't blowing OR.. when the wind isn't blowing in just the right direction. A big failing since most buildings don't have the wind blowing from the same direction all the time. Normally wind shifts direction based upon the season so BLDW turbines will only be producing meaningful energy a fraction of the time and will be sitting idle the rest of the time.
I'm convinced that's why the company has NEVER produced a single study or document telling us how much energy the turbines on their office building is producing.
The unidirectional wind turbines are fundamentally flawed in their design.. that's why they aren't selling.
Oh.. and while we're at it.. check the annual report for last year. You'll see that the turbines they installed in Corpus Christi cost over $30,000 each to build and install. Why then are they selling them now for $27,000 each? Sounds like a loser to me.... just like this stock.