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DEAD???
Yes, the design looked great. Although after doing a bunch of research it was obvious that the turbine wasn't going top replace horizontal wind trubines, at least it looked like it had a niche. Pisses me off that these crooks are in charge now. . .
This was a painful learning experience. . . .
Reverse split, they have to keep selling those shares. . . and then some bump somehere due to Eagles or somebody elses contract that they ride the press along with . .
I got that one, but nothing about the forward split. not like it would help anyway!
i am 100% out. sold the last 2M this morning. lost about $6K on this. what a joke of a company. how is it legal to keep the website up and increase the A/S to 100B when there's no actual intent of doing business as a wind company.
great design, i hope someone makes use of it someday.
check the background on this new management and you'll find lawsuits and a history of stock fraud. do your research is all i can say. . . .
I just got the official paper notice on the 100 B shares at a par value of .0001. Welp, so chashed out all my holdings at 0.0004 and 0.0003. I had no problem selling the 0.0003's.
My question is-who's buying them?
http://www.latimes.com/business/la-fi-wind-power-sidebar-20110724,0,7458534.story
Helix gets a mention here.
I think Cowboy has been right about everything. It's just a shell. No products, no capability. I thought with this latest change that the new management would be making a go at being a alternative energy company. But if you research his background, he has been in trouble for publishing misinformation to boost the penny stocks of his companies.
This is sad because. As a rural homeowner. I would have bought one of these systems. In fact I'm wondering if I can make one on my own. And if I'm thinking like this then I'm sure alot of other people are.
Tried to sell at 0.0005 yesterday and nothing. Hoping for a bump based on some news but with all the A/S out there it seems kind of pointless.
And I'm wondering, is it legal to keep the website up and bill yourselves as a company when there's no actual company or product?
We need news
Just put in a bid for 5M shares at 0.0005!
That would be awesome news.
I'm holding but I'm willing to lose everything I have in it. It's a longshot bet.
It's common for a start-up to overvalue their technology, blow all the money on marketing and high salaries, lose their shirts, almost go bankrupt, and then start over again with a new plan and management. the key is to have technology with value. . . they will find their niche. just a matter of time.
Obviously the technology is so compelling that people are willing to put there money at risk for it. I'm in for an original investment of $10K and i'm going to stay in. . . this is my riskiest investment but I still believe that there's a market for this turbine.
this baby is gonna fly you just watch and see.
based on what data you ask?
based on no data at all
A little PR on naval installations won't hurt
cricket cricket
Patience, patience.
Gas prices are going to go sky high. Oil is running out. Nuclear power is in question at least for a while. Wind and solar will be back on the forefront.
A solar panel and a helical turbine on every house in the US would help!
Put order in for 1,000,000 more at 0,0007
thanks for the posts. i hate to sound obtuse, but how much do think they actually owe their creditors? if it's $43 million then why aren't they declaring chapter 11? thx, rob
Where do you get $43M, i thought they were about $1M in debt
Looking good. Nice trend. Something good is happening somewhere. I wish we knew what it was. .
0.0009s!
It held at 0.0007 throughout the crisis and downfall of the markets. I have had 0.0007 orders in for 3 days and they haven't been filled. I think this say something about the price. Something is propping it up at this level.
Hopefully some kind of statement soon from the new CEO!
I'm having trouble buying at 0.0007
Becuase as Gekko said, speculation is the route to all evil
I have $7K in and am in for the long haul. This is my longshot, the 100 to 1 odds, and the riskiest investement in my portfolio. But I have to say it is also the most interesting!
Yah, I don't know why everybody thinks it's going to tank on Monday, it's business as usual it seems
If you mean that it can't compete efficiency wise with traditional propellor type turbines, then there's no argument. However, for urban applications where quiet wildlife friendly turbine are needed, then there's a niche for this. IMHO
They have to sell the technology to another company. So the real question is: what is the technology worth?
Say someone (i.e. SolarBlue) can sell 200 turbines per year
200 x $20,000 = $4 M sales. Assuming a 50% GP that's $2M profit per year.
Typically a company will pay for 3-5 years payback. So if they get bought for $6M then the buyer can expect to recoup the investment in 3 years.
$6M - debt - closing costs = approx $5M.
$5M / 1,750,000,000 O/S= $.0028 PPS
I think a realistic goal for this stock is .003
200 turbines per year may sound like a lot but the OK deal would have been 24 and Philly would have been 85. Then add on homeowners that want to go green. It's actually very achievable.
The problem is now that they can't deliver. It's time for a buyer! I've worked in high tech for a long time and I see it again and again. Small companies with a good technology that can't get the sales channels. They flounder and then get scooped up for cheap.
Not on the Solar Blue website that they advertise wind energy but they do not have a product. And they featured Helix on their rendering for Eagles stadium. I think this is a fit.
I bought on Friday another 2M of shares at 0.0008.
So, then I read the news about the change in CEO. Here's my take.
All this upper management leaving is not a good sign. People don't leave a good company if there's hope for a turnaround, unless they are forced out. But it looks like Scott and Kevin just bailed.
This new guy, Tilton, has no experience in alternative energy, or engineering. He was in mobile technology and he's a finance guy. My guess is that he's here for two reasons:
1) To help pay back the debt
2) To sell the company.
So in that case, manufacturing is shut down, there's no workforce. No orders. No placements. That would be consistent with what we have seen in the news (nothing).
BUT, selling the company is not a bad thing. Say they sell for $5M. That's a stock price of 0.0028. Lower depending the low repayment, better than where it is today.
A great product and poor execution begs for a buyout. They need to be taken over by someone with sales and distribution channels. Solar blue seems like a ideal buyer but there must be others.
So hang tight I say. If the product is good and they have patents, then there will be a buyer IMHO.
-roebear
I don't like the fact that this new guy is all finance. . . where's the visionary that can talk about and sell the technology?
What is the heck does this all mean?!
sorry 0.0006
BAH it's back to the 0.006 without news
BAH it's back to the 0.006 without news