Tuesday, November 17, 2009 11:03:16 AM
The big thing about the carts, however, is what I originally stated. Suppose you have a source of water (river, pond, lake, well) but it is contaminated from bathing, sewage, etc. The buggy can pull the water from the source, clean it, and make it ready for drinking. This, of course, assumes that the water stream is adequate to engage the buggy's pump. The cost (depends on a couple of things) can be lower than 1 cent per gallon. The water will be completely free of bacteria and ready for consumption.
So the metrics really appeal to a third world country that has water, but it is polluted. Continents like Africa, and countries like India, have enormous problems with supplying its people with adequate water. They have rivers, but they are not clean. The impediments to sales appear to be two fold. First, sales to third world countries pose the risk of theft of the company's intellectual property. The company has to be certain that it can protect its technology from design theft and must choose the right partners to penetrate the local markets. Second, the upfront costs of the buggy are considerable. There is some hesitancy in purchasing the units because of this expense. Once the buggies are demonstrated to perform as presented, then that impediment should disappear.
People, I know, I know, your frustration. Hang in there, gang. I'll try to frame why I think the share price dropped later.
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