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Thursday, June 03, 2010 2:31:15 PM
They raised funds, garnished themselves with handsome salaries, essentially growing the company "backwards" staffing up with corporate positions and compensation packages/options- all based on the info fed to them by the "founder". Easy to bs people from a battery company with no wind experience whatsoever, but didn't last very long. Now looking like fools in the "no fool zone" trying to figure out how to match a wind turbine to its claimed efficiency, is a daunting task, and very, very expensive.
So any new "good news" this soon would be suspect. The company has a 1kw unit, that's it for now. The market for 1kw units sucks.
At the current salary "burn rate" they would have to sell hundreds of these a month just to break even. The company is being run like the fed gov, very similar characteristics.
MFerraro
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