Ok I just looked over MKBY a bit.. it sounds like there is a lot of promise here. The whole idea of acquiring rights to renewable energy technologies and then licensing them to companies that will create, market, and distribute the products is a great one. It is easy to see that.. the issue to me is a lack of clarity regarding what the company is currently doing.
In their April 16th PR, it said: "MTI to own the Pioneer Bluff, Ishpeming, Michigan WindStor® installation." Clean Green Energy LLC (CGE), a subsidiary of MTI, is the one that would be making the Windstor turbines come to life as I understand it. However, what has happened since that point? MKBY has released no PR's that I can see to update the shareholders/investors as to what progress has been made.. another issue is what other renewable energy technology licenses are on the plate.. Windstor alone sounds great if MKBY really got $25,000 per turbine installation from MTI. But how many installations will there be? When are they going to happen?
I went on the Clean Green Energy LLC website and it is not that frequently updated and I actually did not see a single mention of MKBY, even in their press releases, which of course mentioned the Windstor technology. It doesn't matter a ton, but the extra attention to MKBY would have been nice to see.. personally if I worked for MKBY doing public relations or marketing I would have asked CGE to include a small section about MKBY on their website, but whatever lol.
In short, very nice find.. I like the potential of MKBY as a green technology holdings company. I just see many of the issues that hurt pink companies: lack of updates to the website & lack of PR's. Sometimes pink companies release TOO MANY PR's (i.e. fluff), but no update since April is just too long. If MKBY is to be a serious player, management really needs to do a better job with PR and taking care of INVESTOR RELATIONS.. a more clear pipeline needs to be established (what other technologies are in the works beyond Windstor) & a series of updates as to what the company is doing and how their installations for MTI are progressing. All IMO of course, I hope this was insightful.
I will add MKBY to the list here but with an asterik that says RADAR -- I will be more excited when there is an update. have a great night!
