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Re: wakl post# 1713

Thursday, 06/03/2010 2:31:15 PM

Thursday, June 03, 2010 2:31:15 PM

Post# of 6256
Have you forgotten the last news releases? There is a serious problem, you think they demoted Brock to company janitor for nothing? You think Brock went to the bank and secured 1M credit line with his own shares over an inverter issue? I think not.

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