Steve, isn't it apparent that hasher, e-y, and peep were right about PWTC management? Walter and Connolly were self serving and there's nothing left of PWTC except bagholders.
PWTC owes Cornell about $1.5 mil of which all assetts (patents,equipment)were to revert over to them from a default.
PWTC owes CSI (Connolly) $.5 mil.
It's my understanding that the pilot plant equipment has been confiscated due to non-payment of the rent.
"We are establishing our pilot plant facility in Richmond, British Columbia, Canada. We have leased from Sun Life assurance Company of Canada approximately 3150 square feet of space located at 5600 Parkwood Way, Richmond, British Columbia, Canada, for a minimum term of three years, beginning August 1, 2006, at the rate of approximately $2,951 per month."
Joey Jung, co-inventor of the battery, left the company due to non-payment of wages.
Walter's last two lies:
Power Technology to Move to Pink Sheets in Cost Saving Action
AUSTIN, Texas, Sept. 14 /PRNewswire-FirstCall/ -- Alternative energy
company Power Technology (OTC Bulleting Board: PWTC) announced today that
the Company intends to voluntarily list on the Pink Sheets in the near
future. The purpose of the company's action is to save the significant
costs of reporting on the Over The Counter Bulletin Board and to avoid the
additional costs of complying with the additional outside audit
requirements of the Sarbanes-Oxley Act in 2008. Power Technology intends to
post unaudited balance sheet and income statements on the Pink Sheets on a
quarterly basis to keep shareholders informed of it's financial condition.
Power Technology CEO Announces Plan to Retire
AUSTIN, Texas, Sept. 17 /PRNewswire-FirstCall/ -- Alternative energy
company Power Technology (OTC Bulletin Board: PWTC) announced today that
the company's CEO, Bernard J. Walter, has announced his intention to retire
as CEO when a new successor is found. The Board of Directors will begin an
immediate search for a new CEO on behalf of Power Technology.
What's left to invest or trade on?
I still own over 800K shares (not a lot anymore considering the price) and would love nothing better for the price to go up. But to let someone who's only posted here a few times come in and take over the ibox doesn't make sense.
Not that it's my call, but I would think if there's some consensus as to what info most would like to see in the ibox, I'm sure logman would likely acquiesce to it.
