dragon
The fact is that no one knows how many shares will be outstanding at any given point in the future. When the ceo and board members get stock for free based on diluting shares, then why would they care what price they make financing deals at? Credit is tight. You started out saying GE Capital was backing this. I pushed you to give proof. You said it was in the filings. I can't find it, nor have you been able to either. Now you say they will be paying the bills with shares.
I told you to be careful if the employment contracts contained anti-dilution clauses as Tony's have in the past. Low and behold, only a few days later we see that's exactly what is taking place. At least 14% dilution on top of any purchase made with shares. We see a PR on a convertible note to buy land with a floor at .51. Then what do we get...a land purchase at .25 per share. 1 million shares for land, 100k shares for Tony, 40k shares to 2 directors we know of, and who knows if there will be a new filing monday for another director. I have no idea what o/s number ends up. If the entire convertible is used on land then its 30 million right there, plus another roughly 4 million shares given away for FREE to the management if my calculations are correct. Now you're looking at 40 million o/s without ever buying or installing any wind mills...and still nothing to generate any revenues at that point.
Just pointing out the uncertainties here. I'm not sure I like your idea of hiring pumpers to inflate the stock price when no one knows what will happen in the long run. JMHO of course but I don't see any way a value can be placed on this. I know of another wind farm company that has gone through this entire process, is producing power, yet still trades at a nickel on less than 200 million shares o/s. GLTY
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