Why would the CEO and his father and chairman of STLK who used to run the electrical utility government company in Costa Rica take over a company and go public?
The answer is simple, to create a 300 million revenue generating wind farm project over 20 years.
Yes, there have been delays and people must understand, this is Costa Rica, and the way things work in non-North America is a little different. This company has always been honest, always been transparent, and these unforeseen delays has caused them to eliminate debt and whether you agree or disagree on how they went about doing so that is your opinion.
We went from a penny trading on the pinks to a SEC filing OTCQB company with AUDITED financials and this costs money. There are two things that can happen here:
1) PPA is signed soon, hopefully by the ETA of May 2014 2) PPA signing is delayed, and STLK is either forced to find some revenue generating income or give up completely and shut its doors. Please remember, Jose is a smart guy and there was a distributor arrangement last year that they cancelled as they wanted to focus on the PPA.
Did you guys even notice this comment on his email response to me?
I personally am not selling, the PPA will get signed, maybe not today, not in May, but it will get signed, Costa Rica is in dire need of reducing their power costs.
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