A very balanced and well said post, your perception is valid and has a lot of support behind it. The key interpretation of yours is the change in investor sentiment, I have said this many time that people read way too far into PR’s and created expectations that were not realistic. I remember the first PR with this company that I have experience with and that was the prototype PBR being activated for the first time. It really puts things in perspective when you constantly hear that not one single PR has been validated, and yet we all know the PBR existed and many investors actually visited the site and took pictures during the entire first run.
As DD goes that was the selling point to me, it was in fact a legitmate business, the location existed physically and could be confirmed, and the actual product was operating for you to observe that it works. We were told about buying the SJC site, we were told that our offer was rejected, we do know the SJC was foreclosed upon and that we have to move our operations. Thankfully we never setup a permanent PBR on that site, that was a good call. The San Diego convention rewarded us with a JV that has helped us significantly, without RWE we would be a sitting duck. We know through correspondence with RWE, it is in production of the initial order and working on the 6M contract.
Some concerns I have noticed, although we saw DF petition and we got confirmation during the CC that the city council approved the zoning change, it is still far from over, as I have checked the agendas and this has yet to come up in front of the final two boards for approval. It is pretty certain that we are not going to see anything this month and I would say it could possibly be late January before the site becomes a active environment for construction.
I also notice that the float has increased, as to be expected since we have to build and move, and also pay for production through another company. We are also paying employees and we have increased that number slightly by 4 from the latest filings. I suspect we will continue to see the float increase to the maximum authorized 750,000,000 shares. Just no way around it until revenues are generated, at which point the company can sustain their own operations.
The CE removal is coming off, I think the correspondence we have had with Pinksheets clearly points to everything being good just the normal routine of such documents requiring refinement. Just to make it clear, Pinksheets is the entity stating 1 to 3 days, it is being reiterated by those who have called to check the status and DF. They are only stating what they are being told by Pinksheets which is the finalization entity. No one is misleading time frames here for the extension of holding.
This site is much more enjoyable to read such posts from people who take the time to analyze and research information, including supporting such research with actual physical visits and getting third party information to verify. The first couple of months I read this site I really could not stand the pumping and the cheerleading, it was irrelevant crap based upon nothing substantiating other than a couple of poster who were posting their visits. Those people are gone now, pumping their newest stock in hopes to breath life into for a quick run and go on to another circus.
This forum has become rather neutral in perception and as long as people keep their thoughts away from emotional decision making it will continue to get better. The PPS will right itself, it always does, which direction that will be is not well known, we are invested in a possible future business, it seems to be coming together, I hope our decision is right.
AI
