Green St. Energy Inc (fka GSTY)

[bloodhound99]

Due Diligence

We all know of Cataldo's record of stock prices dropping radically at all of his past companies.

Now here is some info on only other employee Gerry Dameron

http://www.dailycamera.com/news/2008/apr/13/wind-broker-clean-and-green-goes-belly-up/

Now lets compare and contrast that info with statements made on Green Street website in the operating business section at

http://www.greenstenergy.com

First statement in the Challenge paragraph I find hilarious

"Strong management team... multiple enterprise successes"
I know Cataldo has no successes in last 10 years and article above on Dameron doesn't indicate he is any real "find" either. Is there an invisible management partner with multiple successes?


And then there are the "dirty dozen" Advantages . 12 unabashed statements about the advantages of the MWave, Green Street and Patriot Wind group


1. 5 high yield wind sites in Tehachapi CA.
(Well GSTYE owns one 160 plot and has paid a $ 16,260,000 option fee on one other 4840 acre plot, so Patriot Wind (PW) must have 3 sites they have "thrown into the pot".)

2. 3 wind sites in New Mexico in a early development.(Hmm this is new, is it PW?)

3. $ 300,000,000 in equity/debt financing available from finance partners . (Can't wait to get the "skinny" on this new development, can you?)

4. PW brand identity already established in less than 3 years. (How different is its brand identity from article posted about Dameron at beginning of this post?)

5. Recognition from major public power and wind industry associations. (Why do tell, details PLEASE.)

6. 20 PPA energy contract now well accepted. (By who do tell, details PLEASE)

7. PW is the first company to offer unique PTC finance model for munis. (Can you give us a couple of examples of where this was instituted?)

8. Consolidation of wind project talent into a flagship company.
(Oh please Cataldo and Dameron, you gotta be kidding)

9. Key governmental relationships in place and expanding. (How about some examples. Then again maybe they were including the bad relationships in the statement)

10. PW supports letter from Governors Scharzenegger and Richardson. (Hey,lets see them; and who is Governor Scharzenegger anyway?)

11. Low overhead and use of expert wind consultants keeps PW ROI high. (Do tell. details PLEASE. What is PW's high ROI anyway?)

12. Low cost of site control on key high yield wind sites in CA market. (Only because they haven't spent any money to put in any infrastructure yet on the GSTYE sites. And shouldn't that be "potential high yield wind sites" or are some of the PW sites in California already operating?)

Tony and Gerry have some serious "splaining" to do to show justification of the above statements. I truly hope they are up to it and the 10Q truly enlightens everyone with the explanations and details of these new developments.

Wonder who the $ 300,000,000 financial partners are?
Surely they wouldn't put that on the website if it weren't in place, would they?

Its 10Q time Tony and how about some press releases on the financing partners and the Patriot Wind acquistion. Hey they deserve an 8K or have you used all those up announcing the resignation of directors and accountants?

Cataldoisms:

"Thank you for not bringing weapons"

"Urine you could bathe in it, you could even drink it.."

"See you in Wilmington in June"