Cannonau Corp (CNNC)

[VETERANTRADER]

I spoke with Luniel De Beer.

First, I would like to say how surprised I was by how nice he was and how much time he took trying to answer my questions. I say "trying" because as he cannot disclose any inside information.


He likes the fact that this sector is getting renewable energy credits and tax credits.
They have a growth plan which they are executing.
They want to make a series of solar farms by acquireing as much land as possible. It's possible to do so with the help of companies that are known building such farms (Patriot Solar).
Then he went on by saying that he would like to see PBEC be a leading company in Solar.
It's an exciting company, and they are continuously looking into new things (didn't specify)
The land they are buying is with CASH and NOT shares. I asked how much cash does the company have and he couldn't say. I should check he financials when they are released I guess...

His restricted shares will always remain restricted as long as he's on the board of directors. He has not sold a single share of TSHO nor PBEC.

About where they are headed, he asked me to call Bame IR for more info.

About Skymark, they are completely independent. They followed TSHO and liked what he was doing with it, and released it as a recommendation. Then they found out that he was part of PBEC and recommended it as well.
The emails/predictions Skymark gives out are not controled by the company therefore everyone should be careful before making an investment decision.

And finally, I asked him if I should buy/sell/hold he replied by saying that he is not a broker nor an investment rep so he is not the person to ask LOL - I thought I could get that out of him but he has been doing this for long enough that he's very careful about what he says - but he seemed to be very excited about the future possibilities PBEC has especially in this sector.



I feel much better about PBEC right now, and I'm convinced that they will execute what they plan on doing.