Gulf Alternative Energy Corp. (GAEC)

[zekel]

I am unsure why Kathleen made this announcement as it was already evident that she had taken control as early as over 4 weeks ago on March 27th press release announcing the name change (http://finance.yahoo.com/news/Gulf-Ethanol-Evolves-to-Gulf-bw-14726267.html?.v=1) as well as knowing that William Carmichael had fled the coop for a new company literally a block down the road with "Proven Technologies" (http://www.proventechllc.com/managementteam.html). Curious statement by Kathleen stating that the corporate website is "updated", when it is still lacking any meaningful information on what exactly GAEC does, and also still contains numerous errors, like the glaring one for the symbol name being incorrectly shown as "GEAC".

Maybe details of the companies technology being less than elaborated on is not so surprising, as it would appear William has replicated the same at his new company: http://www.proventechllc.com/shredders.html

Maybe it is instead the fact that the latest financials indicate that the technology isn't quite ready for commercial applications and is needing further refinement/modifications.