Saturday, April 21, 2018 11:30:15 AM
If you did your due diligence before you took the job, you would have seen that this company has been signing MOU's since 2011 and not one of them has come to fruition. The company does not have one working site nor has it made any money.
The financials as of 12/31/17 reported a loss of $14.5 million, liabilities of $11.8 million. a retained deficit of $67.7 million and a negative stockholders equity of $10.5 million. Without continually raising money they would be insolvent.
I am aware of the reports that the world is "running out of water" as well as global warming (which has been disputed by many). Unfortunately, if the world is depending on OTEC to save them you can start praying to Posideon now.
NASA at least has a working model which might actually help the situation no matter the cost. Can OTEC say the same ? Can OTEC produce a video of a working plant and not just a power point with theoretical design ?
Before you and your buddy EnergyMJ (the stock pumper) criticize my thoughts and opinions maybe you should have checked out the Ripoff Report on your boss that was filed in 2017 before you show your ignorance.
https://www.ripoffreport.com/reports/jeremy-p-feakins/lancaster-pennsylvania-17603/jeremy-p-feakins-jeremy-p-feakins-liggett-and-webb-jpf-venture-funds-tetridyne-soluti-1377903
For your sake I hope no one reports his continued scamming to the SEC Enforcement Division or you all will be lead out in handcuffs.
Good luck and I hope your next paycheck clears.
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