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The point of this thread was that you started of by saying there is no "proof" that there are more panels than there are people, whereas I "know" this to be the case.
You would do well to take on board the saying that "the absence of proof is not the same as the proof of absence" because otherwise your posting style becomes extremely tedious.
As for why I have two IHub id's, I bought a house in July, which needs complete renovation including total rewiring. So during the time that I had no electricity, I had to use the computer at a friend's house. I couldn't remember my password so it was easier to set up another id. I can't get Dropbox to work on my PC, so I sent the link the other day from my friend's computer which obviously had the other id in cache. I don't see that it's a big deal as I am not pretending to be two different people, but you had to make out that it was underhand to detract from the main issue of the thread.
For the nth time, "participants" is the number of panels and not the number of panel owners, and anyway, does it really matter?
You should perhaps bear in mind that English is not the first language of any of the management of either WDAS or Powerclouds and make allowances accordingly.
Having said all that, the link didn't work as I intended, so I will try again.
https://www.dropbox.com/l/uEd9AYzwXRG2wgFrMPZBhr
This shows 11 panels on 3 accounts so QED to the original argument.
For the description of what all the numbers signify, you can refer back to my post of last weekend.
Hi Jack30. I just got back to England on the overnight ferry from France and am due to fly out to Romania tomorrow morning. I don't know exactly when I am coming back but will let you know what I find out when I do.
I shall try to take some meaningful photographs and put them on here as it's not a "paid to publish site" lol
I shouldn't think so. He'll probably say it doesn't count because it is only an internal document and didn't come from CNN's website!!
Hi Smack1114. This is the "proof" that I have got for the first panel I bought.
http://www.dropbox.com/s/wt0wrztwzadl1ey/PSHARE-8.pdf
Yes, apparently she has been on Interpol's most wanted list for 62 years now.
Actually she is called Raymonde Vallais. If you go to www.worldgmn.com and then Lifestyle and then Recognitions she is on there under the section "President Gold"
Also in my picture are Patrick Lesot (far left), Marcel Lepauvre (on his knees), Richard Alan Banaskiwitz (directly under the number 10,000) and Jean Claude Bouvier (in the white shirt) who all feature somewhere on that recognitions page. Thay are all pretty ordinary every day people rather than slick marketing gurus.
Yes the number of attendees can vary quite dramatically. The day when there were over 200 people was immediately after the trip to the Dominican Republic and people came from all over France to get the latest news. The day when I took that picture was (yet another) bank holiday weekend and so there were only about 35 people in all.
Yes, it starts with the standard presentation which takes about one hour. Then there is a break at which point those newcomers who so wish can sign up there and then, but there is no obligation. I didn't when I first went in December. I joined up the following evening on my own computer after I had had abit of time to think about it.
After the break there is an update on the latest news and then there is usually a session on marketing "training".
I usually leave a bit before the end because I have to go to work.
Hello Naj1Naj. No, I'm sorry, I don't know what the situation is in the UK. I don't get the impression that it is being marketed on any serious scale but I am sure it is only a matter of time.
Sure, I can try and do that the next time I go back to Rennes.
In the meantime you can have this one (if it works as I am a bit of a technophobe) taken on the 3rd of May which was the day that France got to 10,000 panels.
www.dropbox.com/sc/m555gyktx5yr5fb/AAAprp9n8XCxMrDcwsfItAxVa
You say "glad you are back" but I haven't been anywhere - I just ran out of things to say.
It is cricket season now in Europe so I haven't been to the meetings in Rennes for quite a while, but we don't have a match this weekend so I might go along on Saturday to catch up on the latest news. I will ask the question as to where we are with regards to buying panels in North America and I'll let you know what I find out.
I haven't got the exact figure to hand because some I bought in euros and some in pounds at different times with different exchange rates but I would estimate that the thirteen panels have cost me a little less than the equivalent of $15,000. As I said earlier, if I do nothing more, I will ultimately receive $230 per month. On $15k that equates to 18% revenue per annum.
You are correct.In fact I have thirteen panels now, six in Romania and seven in Japan. I am trying to buy as many panels as there are clouds and so far I'm managing to do so. I will get $60 of "rent" on July 15th and when all my existing panels mature I will get $230 per month. I think you would have to have quite a lot of money in the bank in order to get the equivalent in interest.
A nice idea indeed. Unfortunately, as far as I am aware, you have to be over eighteen years old to open an account with Wor(l)dGN and thus be able to buy a panel.
I read that post from Rain as well and I don't agree with it. I don't think Wor(l)d is worth ten times WDAS.
What WDAS have got is the right to effectively turn 10% of Wor(l)d's gross revenue into net profit (minus some pretty inconsequential Head office costs).
Try the same exercise with say, Apple. Take the 170 billion of revenue and turn it into 17 billion of profit and you have nearly half of Apple's actual profit.
Do the same with Exxon and take 420 billion of revenue and turn it into 42 billion of profit and that is a third more profit than Exxon makes itself.
I know that there is more to a share valuation than that (assets etc.) but just thinking in pure profitability/cash flow terms, I hope you get my point.
Hi there HandyAndrew. I had thought it would be possible to do so very soon but I was told last Saturday in Rennes that it won't be so for another 6 months.So I don't really know.
I suppose the only definitive way to find out would be to try it!
When you first sign up, you arrive on a web page which asks for your name, address, cellphone number, e-mail address, gender and date of birth. In the address part you have to select your country from the list of all the countries in the world that you see on a lot of websites. I thought that maybe they had removed Canada and the US from the list but I checked on my account this morning and they haven't.
However, you have to be over 18 years old to participate, so presumably, if you enter a date of birth which shows that you are under 18, you must, logically, get a message which stops you in your tracks and so possibly, a similar thing happens if you select Canada or the US as your country.
I would add that I wouldn't recommend signing up without speaking to someone who knows what they are doing first as the Wor(l)d website is pretty complicated - I have been using it for nearly 4 months and am still finding out new stuff all the time.
Best Regards
Lecastel
November61, that is not quite right. Clouds 1 to 10 pay $20 per month, Cloud 11 will pay $14 per month and when the "new system" is introduced, presumably from Cloud 12 onwards, although this has not been confirmed yet, it will be $42 per quarter.
I know this to be the case as I bought 3 panels this morning on Cloud 11 to go with the 8 I already have on Clouds 5,6,7 and 8.
But as you say, it seems like a good investment in this day and age as it works out at a ROI of around 9% per annum. It is however, taxable depending on where you live.
Best regards
June63!
Did you even read my post?. It's 300k per Cloud currently, not 600k. Additionally, as I explained in a previous message, the commission on the electricity will be relatively inconsequential in 2014.
There are currently only 3 producing Clouds and there is a roughly six month wait between purchase and production.(E.g. I bought my first panel on 30th December and I won't start getting paid until 15th July) I would estimate that the 3% commission currently only represents of the order of 10k per month to WDAS.
Anyway, it doesn't matter as I am pretty certain that they will sell out many more than 24 Clouds this year.
I don't see how 24 clouds even at 600k each would equate to between 15 and 20 million, unless you are throwing in a bit for the electricity production. In any case, as Edesheim and I have already pointed out, it's not 600k per Cloud, it's 120 dollars per panel, so the current clouds only bring in about 300k, because they are only half the size of the Clouds in Romania.
I went back to Rennes yesterday - wow, what a difference a week makes. Last Saturday it was standing room only with about 250 - 300 people in the room. This time, there were only about 30 people. This however, was better for me as everyone was less busy than usual and I got to chat with some interesting people that I hadn't met before. Some of them were interested that I had bought shares in WDAS and wanted to do likewise. I asked if the otc listing was instead of or as well as a listing in London. I was told that they are still intending to list in London, hopefully by June.
There will be a minimum of 10 Clouds in Japan, which will take us up to Cloud 16. They are all being built very close to the sea, on land which can't really be used for much else.
I did forewarn (on Thursday, I think) that Cloud 11 would sell out much slower than 9 and 10. There are a number of reasons for this, not least that people do other things over the Easter weekend.
Also, although I can log in and navigate around my account with no problems, there is still something wrong with the payments system, and my various credit cards are refused systematically. There is a way round this but it involves me actually going into my bank which of course, is closed until Tuesday. I will not be the only person affected by this situation. Things should pick up again when all the IT problems are completely ironed out.
I had thought that Cloud 11 was a less good deal than Clouds 12 and onwards, but it turns out not to be the case. My sponsor is a terrific salesmen but unfortunately, not so good with numbers and details (I am the other way around!) He told me that the "new deal" was 14% with no loss of capital. It turns out that this is wrong and that it is actually 14% including 5% of loss of capital per year which equates to a net return of 9% per annum. So this is essentially the same as Cloud 11, except that going forward the payments will only be made quarterly whereas with Cloud 11 they are still monthly.
So 15% is finished and replaced by 9%. I am kicking myself for not having bagged more while the 15% was on the table, but 9% is still a lot better than I get from any of my banks. In some ways, it might paradoxically make the product easier to sell as a lot of people are suspicious of 15% as it falls into the "too good to be true" category. Indeed, in the UK, any product offering more than 12%, is given the equivalent of "junk bond" status, and looked at rather sceptically. It will also be easier for Powerclouds to be able to find more projects capable of providing 9% rather than 15.
I did also ask what the situation was regarding customers in North America. Apparently the "new deal" doesn't resolve all the problems, and so the situation is still not unblocked. The lawyers are still in negotiations with the authorities and I was told that it might take another 6 months.
That's all for now. If I think of anything I forgot to mention I'll post again later.
I can understand why they want to change it, but what I don't understand is this sort of intermediate step.
The problem with the original set up was that the 15% was not guaranteed. They want to replace it with a 14% which IS guaranteed. Now for Cloud 11 we have 9% which is also not guaranteed so seems a bit of a backwards step.
Now, the site has been down for over 4 hours so they are not selling anything. It all seems very strange. I think they have just been overwhelmed by the pace of sales over the last three weeks.
For Cheezed - you have already seen references to the buying site - it is where the "lifestyle" articles and videos come from. You have to log on to buy anything, but anyone can look at the public information contained in the various menus.
The site is www.worldgn.com
For Wilson12 - we are only involved in the panels for now. My sponsor is going to buy a Wor(l)d phone soon and see what it's all about. If he thinks it is worthwhile, I might follow suit, but from what I understand, it seems pretty small beer compared to the panels. What is probably more interesting are the future products, some of which they haven't even thought of yet!
No, Cloud 11 is not giving a 14% return. Things have happened so quickly, that some of the articles in the Internal News section are not correct.
Clouds 1 to 10 pay $20 per month which is made up of $5 of capital buyback and $15 of "interest". On a $1200 panel, $15 per month makes 15% per annum.
Cloud 11 is offering $14 per month, also including $5 per month, which only leaves $9 per month of interest and so is only 9% per annum.
Once the new deal is set up, it is supposed to be $14 per month but you don't lose $5 per month of capital.
This is why I don't think that people who understand this will be in a great hurry to be on number 11 rather than wait for number 12.
The difference is so great that I am wondering if somebody hasn't made a mistake.
Now, the site where you buy the panels has gone down - I can't even log in, let alone buy a panel, so maybe they are having a review about what they have done. It's all a bit of a mystery at the moment.
No problem Cheezed. By the way, did you managed to find the map. It might depend on what browser you are using. I usually use Firefox, where the map is indeed a quarter to a third of the way down the home page. The other day I happened to be in Google Chrome and it is at least half way down. Also, in Chrome, there is a counter showing the percentage of the current installation that is sold. You don't get that counter in Firefox. I didn't realize that the appearance of a website could be so different from browser to browser, but there you go, we live and learn!
The financial returns on Cloud 11 are dramatically reduced compared to those for Cloud 10, so don't be surprised if the rate of sales drops significantly.
I myself wanted to buy 4 more panels on Cloud 10, but there were so many people buying in such a hurry, that the normal payment system got overloaded and I couldn't do so.
I do not feel inclined to buy now. I will wait to see what the deal is on Cloud 12. I would imagine that many other buyers will feel the same way, and so Cloud 11 could take much longer to sell than 9 and 10. We'll see.
I think Wor(l)d may have done this on purpose to give them the time to put in place the new system they have been talking about since Cloud 8!
I hope it doesn't backfire on them.
No, I have not met anyone who has bought shares or has even expressed an interest in doing so. In fact they generally give me a funny look when I tell them that I have done so.
I wondered whether it would be possible, but it turned out to be quite straightforward. So lots of people could do it. What we don't know is whether the otc listing is instead of, or as well as, a London listing. Maybe people in Europe would prefer to buy in London.
I also don't think there are many people who have opened up Wor(l)d accounts who know a lot of the stuff that I know, because I have the good fortune to have access to the top of the network in France.
Thanks. Yes, another very good question and one which I have asked myself, i.e. the matching up of the "virtual" and the "reality". To be honest, I don't know the answer. What I do know is that Power Clouds don't actually install the panels themselves. For example, in Romania they bought out a local contractor, who then built the installations and now maintain them on behalf of PCs. I suppose they will do the same thing in Japan, or if there isn't a suitable such company, they will create a Japanese subsidiary themselves. They will not build any more in Romania because the subsidies have been reduced but their method does mean that they can be building in several different countries at once if necessary to catch up with the online sales.
I think the planning forward evolves on a virtually daily basis, and is very flexible. For example, after Romania, they were going to go the Ukraine, but, luckily, they found out just in time about the political problems and put it on hold. Instead, they did another one in Romania while they decided what to do next. They then started talking about Thailand, but the politics there aren't terrific either and then along came the opportunity to go to Japan.
I think they might do quite a few in Japan, because there is supposed to be a plan by the government for 80% growth year on year in renewables, as they try to replace nuclear.
Some of this is factual, some just my views. Somebody earlier congratulated me on my "excellent DD". I am presuming this is referring to "due diligence" as I never see it written in full. I would like to point out that my post about electricity revenues should not be considered as "DD" as I am not privy to the sales price per kWh. I prefer to think of it as "IS" i.e. intelligent speculation.
I think you asked me last week if I had bought any shares. Yes, I bought some on Thursday via my broker in Paris, so not at a particular good price, but then again I didn't buy very many. I intend to buy a lot more soon as I believe that if the potential growth story really does play out as planned, then in 5 or so years' time, it won't matter what price you paid, what will count is how many you have!
Do you mind me asking what you do in Switzerland?
Some more thoughts on future revenues.
I have already mentioned in my previous posts about the "targets" of 600,000 panel sales by the end of 2014 and 5 million by the end of 2017. If this does actually happen, it will bring in some pretty impressive licence revenue as WDAS essentially gets $125 for each panel. This revenue is of course "one off" and might be a bit "lumpy" from quarter to quarter but still, I would think, with an overall increasing trend as the network expands.
There is another source of revenue i.e. the 3% of electricity produced. It doesn't look like any of this revenue has been recognized as yet or maybe it has - we will find out in the full report for Q1 2014. I have guesstimated that it is of the order of 60 cents per producing panel per month. I do not know exactly as I do not know the actual tariff that they get per kWh from the customers.
There are currently 15,000 producing panels which would give 9000USD per month, so pretty inconsequential at the moment.
However, unlike the one off licence revenue, the commission on the electricity is recurring for 20 years, and will only ever go up from one quarter to the next. Therefore, if the above mentioned targets are met, and bearing in mind that there is a roughly 6 month lag between each panel being purchased and its entry into production, this would give 360,000 USD per month by June 2015 and 3M USD per month by June 2018.
The targets still seem incredible, but we have all seen the growth over the last few weeks, so who knows what is possible?
Indeed, I have been trying to buy another few panels before the deal gets modified, but the site is too busy to accept my money!
I don't know why you can't see the map - it is there, about a quarter or a third of the way down the homepage. It might take a few seconds to load. Keep looking and I'm sure you'll find it.
Update to my previous message - I have just got off the phone to my sponsor and he tells me that there was discussion about North America after I had to leave early on Saturday.
What has happened is that the process of opening an account has now been completely separated from the purchase of panels.
So it doesn't matter that the person recommending is not qualified to sell investment products because all they are really promoting is an affiliation to the system.
After that it is entirely the choice of the person who has already signed up as to whether he or she wants to buy panels and no investment advice is given.
It seems such a simple solution, it makes you wonder why they didn't think of it before.
I am going round to my sponsors house in about an hour's time. I'll let you all know if I find out any more useful information.
This post is "as far as I am aware" because it is just what I heard once while I was listening to an online presentation. The story is supposedly that people in North America started buying solar panels (you can see on the Power Clouds map that there are 98 in the US and 8 in Canada). Those figures have not changed at all for the last three months at least. Then, somebody, possibly the FTC, or some similar body, stuck their nose into it and said "hang on a minute, you have got people selling a financial investment who are not qualified to give financial advice, this must stop".
Wor(l)d's response was along the lines of "no, it's not a financial investment, it is an industrial product". The authorities didn't accept this as valid, and so Fabio Galdi decided that rather than have any fuss, they would put a block on any further sales in North America until such time as the lawyers in New York had had time to put together a dossier proving this point. This obviously hasn't happened as yet, and what complicates things further is that now they are saying that from Cloud 11 onwards, it WILL be a bond-backed financial investment. So it is on my list of unanswered questions for the moment.
What I would say though, is, if this is all true, kudos to Fabio for dealing with it in this way. A fly by night company might have been tempted to say that they had no way of controlling the sales and let the money keep rolling in.
I do know why it is not available in North America, but I can't explain just now as I am at work. I will post later on tonight or tomorrow morning to explain, if I have time.
Well, I went to Rennes yesterday afternoon, but unfortunately I didn't really get to find out much - the reason being that there were just too many people.
When I went for the first time on the 28th December I would say there were about 60 people in the room. Yesterday there were between 250 and 300. Can you say the word "growth"? I think they are going to have to find a bigger room soon.
There are seven "President Millionaires" in the entire world thus far. Two of the seven were there yesterday.
To become President Millionaire, your team must generate at least 1000 panel sales in one week, and your reward for that is 50,000USD.
I did manage to have a very brief chat with Toufik Rezig, but about another matter. He is the number one in the world. It has taken him 3 years to make P M, but now he has done so 9 weeks in a row. In fact, this week (which runs from Monday night to Monday night, rather bizarrely), he got to his P M status in one and a half days!
Armand and Jenny Allenbach were also there. They are now number 3 in the world, having only started about 18 months ago. They got to P M status within 2 days. I suppose this makes sense bearing in mind how we all could see how quickly Cloud 9 got sold.
It was confirmed that Cloud 10 will be on the same basis as the first 9 and that the business model will change from Cloud 11 onwards with a 14% ROI instead of 15%, so it is quite possible that Cloud 10 will sell out just as quickly. Indeed, I am planning on buying three panels later on today. Every little helps!
I will go back to Rennes next Saturday. There might well be just as many people, but the difference is that whereas yesterday I had to leave early to come back and open up my bar, next week is Easter and my girlfriend is coming over from England and I am going to give myself the night off and stay in Rennes much later. It will be interesting to see how much of the presentation she understands, because although her French was coming on quite well, she moved back to England nearly two years ago and she has probably forgotten most of it. We'll see.
So, sorry not to have more exciting news. My sponsor was there yesterday and he did stay to the end so maybe he will have found out more details, but I don't think he is up yet. I will try to speak to him later.
I did mention in a previous message the company's internal targets. They seemed a bit ridiculous when I first heard them, but seeing what has happened this last week, maybe they are not. Anyway they were reaffirmed yesterday.
The target cumulative panel sales for the end of 2014 is 600,000 and by the end of 2017, 5 million. They are only targets, but if they get even half way to them, I can't quite see WDAS being a 10 million dollar market cap.in 3 and a half years' time.
Have a good day, everyone.
No, that is not correct - only the first three are currently "producing energy and income" 4 and 5 should be doing so very soon, but not just yet.
Also, they do not begin to build the cloud until after all the panels thereon are sold.
Indeed - a very good question. So far, I only really know what has been written on the powerclouds.com website i.e. that it will be backed by a bond issued by Power Clouds in Guernsey which in turn will be guaranteed by Wor(l)d GN. I have heard that it will offer 14% rather than the current 15% but there will be a better guarantee, so as you say, it should be easier to market as a true financial product.
I am going to Rennes tomorrow so I should find out more. All the French leaders will be there plus the world number one, Toufik Rezig (he who has more than 200,000 people in his personal network and subsequently earns about 100,000 USD per week - lucky so and so!) I will report back over the weekend.
I suppose I had just assumed that everyone else on the BB was based in the US. It is indeed a dangerous thing, assumption!
No problem - you win the prize for the first one up this morning, well, apart from me because I've been up and about for 6 hours now.
Here's one last post before I go and get some lunch.
Wor(l)d's full name is Wor(l)d Global Network. The global bit is fairly obvious, but perhaps the network part isn't so.
Some people might think that it means network as in phone network, because the first product was a smart phone and the first service was a type of "pay per click" arrangement with targeted advertising received on those phone.
However this is not the case. The network part comes from the fact that Wor(l)d is neither a phone company nor indeed a solar energy company - it is a network marketing company. As the network expands, any number of different products and services can be introduced to it. From the WDAS website, you can see that they are already moving into wearable technologies and I have even heard talk about electric cars being a distinct possibility.
I have mentioned before that the 37000 or so on the Power Clouds website is not a number of people, it is the number of solar panels. As many people buy more than one panel (myself included) one might think that there are fewer than 37000 people in "the network".
However the reality is that the network consists of over 200,000 people, but many of those people are only thus far involved in the phone part and have not bought panels. There are for example over 40,000 people in Russia but they only have 7,000 panels. There are very many extremely rich Russians but there are even more extremely poor ones who cannot afford the price of even one panel. But as time moves on any one of those 200,000 plus people will be introducing more members to the network and so on and so on. This duplication is what drives the phenomenal growth.
Anyway, I just thought I'd share that with you. Time for lunch.
Some income projections - income for Q1 2014 is expected to be declared as $3.6M. So I have seen some people say to expect full year income of $14.4M, purely by multiplying 3.6 by 4. I do not believe this will be the case.
Firstly, 2.6 of the 3.6 was actually earned in 2013 but is only being recognized now after the corporate restructuring. So the underling income for Q1 was only between $1M and $1.5M.
Secondly, the acceleration in panel sales is quite significant.
Between March 2013 and December 2013, there was an average of 80 panels per day. The average in Q1 2014 was 164. The average since 1st March 2013 is 190 and the average since the start of April is just under 300. If the 300 per day is maintained until 30/6/14 that would give around $3.7M which would be pretty flat as reported against the 3.6, but in fact would be 150-200% growth against the underlying figure.
However if the growth continues then the 300 per day is more likely to be 5 or 6 hundred per day by the end of Q2 and the income significantly higher.
If the company's internal targets are met, which is by no means guaranteed, then the income for the whole year should be in excess of $60 million dollars.
That would seem unbelievable, but then the growth in sales thus far has been pretty unbelievable. I spoke to my sponsor this morning and he has got somebody buying 20 panels tomorrow so maybe it is possible. We shall find out at the end of the year.
The panels are manufactured by a company called Topray Solar (Stock Ticker 002218) based in Shenzhen in China. They are already a half a billion dollar company so although the new business with Power Clouds won't do them any harm, it is probably not going to have a huge impact on their share price, at least in the short term.
Well, no, you wouldn't have to move to France, but the thing is that you cannot currently invest using an address in the US or Canada.
You have more than slightly missed the point though. The panels I have bought don't go near anyone's roof. In fact, I will more than likely never even get to see my panels. It must be at least a 20-hour drive for me to get to Bucharest and that wouldn't be very "green", would it?
The panels are mounted in a bespoke installation. In the case of Bucharest, there are 5000 at a time, and the electricity produced is sold at an attractive tariff because the price is subsidized by the Romanian government as part of its obligations under the Kyoto protocol. The revenue from this allows Power Clouds to pay me 15% of my investment per annum for 20 years.
By all means, put some panels on your own roof, but as the USA didn't sign up to Kyoto, you won't get the same price per Kilowatt hour. I hope this makes sense.
If there was a World Scepticism Championship, you would certainly be up there among the bookmakers' favourites.
Why on earth would I "claim" to live in France if I didn't, and what does it matter? If you are that bothered then go to www.pagesjaunes.fr and under Quoi,Qui put café bar and under Où put Baguer Pican and see what comes up?
No need for any kudos on my English language skills as although I really do live in France, I am by no means French. I grew up in Belfast, where they have been speaking English for a lot longer than anybody who "claims" to have 2 Mustangs. See what I did there?lol.
As to buying solar panels, it was a reply to DiamondFire who had said that he intended to buy soon, and I explained to him that as far as I was aware he couldn't currently do so with a North American address. You say "why not go straight to the website" Well, if you do that and try to join, the very first thing you have to do is put in your sponsor's pseudonym. I doubt that DiamondFire knows any valid pseudonyms.
I am neither an employee nor a sales person. I am a retired accountant who runs a bar in France - simple as.
I haven't received any "monthly deposits" as yet because I only joined at the very end of 2013, and my earliest panels are on Cloud 5 which isn't in production as yet. I expect to start getting paid on the 15th of June. I have other panels on Clouds 6,7 and 8 but they are nowhere near production as yet so the monthly payments will not start until much later in the year.
I do know other people whose panels are on the first 3 Clouds, and their payments come in regular as clockwork the 15th of every month.
All the best and thanks for the welcome to iHub
Thank you for your reply.
I don't think that the fact that the French have embraced this project with open arms has anything to do with the oil crisis of the 1970's. It is a complete coincidence that it has ended up in this part of the world, but what has convinced people to participate is that if you buy a solar panel you receive 15% per annum at a time when typical French savings accounts are offering between 1.5% and 4%. In the current circumstances of world finances it is an amazing fixed income opportunity.
If ever you really do feel interested in investing in the solar panels, please let me know.
All the best
Lecastel
An interesting misconception. My2Mustangs you are confusing where the solar installations are based and where the purchasers of the individual panels are based. If you go to www.powerclouds.com and you scroll down a little on the home page you come to a map of the world. If you hover your mouse over a particular country, you can see how many panels have been bought in that particular country. For example, my girlfriend, who lives in the UK, has bought panels which are physically in Romania and my friend from university who lives in Australia has a panel which is physically going to be installed in Japan. For anybody who doubts my credibility, hover your mouse over the map of Australia. Today that shows 4. This time next week, it will show 5 because I will have pressed a few buttons on my keyboard in France. You have yet to comprehend the truly international extent of this project.
Incidentally, the total counter on the website which shows the "number of participants" is actually the number of panels sold rather than the number of people. Some people have bought 100 or even 200 panels.
Best Wishes
Lecastel
Thanks for the reply DiamondFire - you were the only one!
But even you didn't answer my original question. It doesn't matter.
It is probable that I actually know more about the Power Clouds project than anyone on this board purely by chance because of where I live.
As you can see from the map on the Power Clouds home page, there have been more panels bought in France than in any other country (France overtook Russia about 6 weeks ago) The centre of the French marketing operation is in a city called Rennes in Brittany which happens to be only about 50 miles from where I live. Every Saturday afternoon, they have a meeting and presentation for new customers. I don't go very often but I intend to go there this Saturday to get more details of all the announcements made in the Dominican Republic last week.
You said that you would be a Power Clouds buyer soon. However, as far as I am aware you cannot currently do so if you have a North American address. Additionally, you cannot access the system unless you have a sponsor, although that part is easy to resolve if you are indeed interested.
Somebody else said something along the lines of, maybe the surprise is that Cloud 10 will be in the USA. This is completely missing the point. The project is aimed at countries who have signed up to the Kyoto protocole and provide incentives to green energy producers. The target countries will always be less developed i.e. not Western Europe nor North America. Japan is an exception because of their change of policy after the horrific nuclear accident.
It is the incentives that make the project viable. I don't know how many they intend to build in Japan, but afterwards I reckon they will move on to the Southern hemisphere. Perhaps I will find out more about this on Saturday.
I am a Powerclouds investor living in France. I have only been involved since December 2013 but so far have 8 panels (mostly bought in the UK and 1 bought in Australia).
I have been to quite a few presentations including Energy Vision 2014 in Rennes. I am still learning about the project and as it is so new, sometimes information can be hard to come by or even be contradictory.
I am thinking about buying some shares in WDAS but it might be difficult for me with my current broker. I intend to relocate back to the UK very soon, so it might be easier from there, or I might even wait for the IPO of Wor(l)d GN in London.
What I would like to know from you guys is how did you hear about such a, thus far, small company. Has it been covered in some sort of penny stock tipping service? If so, what did they say?
Many thanks for any sensible replies, when you eventually wake up!!