I can see what our doubts are. I have the same doubts myself.
But here are the facts, or at least the disclosed facts:
The Company has 6 PG&E contracts. I saw the RTR projects on the PG&E website. I think this should be real. They are a good start for a start up company.
Also, there is an execlusive worldwide patent. Does anyone know how to check this validity of this patent? I could not. It is disclosed in the financial statement, assume auditors did a good job and verified it. Then it is real.
Given these facts, I believe it is management responsibility to properly manage and run this business, if they can't do their work, majority shareholders should take an action and get more serious people.
Also, management has shares there too. These shares are not considered enough for retirement at their current value and are not even sellable. I am positive that Mr. Reda would like to make his shares worth much more than what they are now for his retirement plan, unless you know that he does not care being rich enough. Creditors won't let their money been wasted, they can take over the Company and get all the profits themselves, if no real actions were taken and I am positive too that they can run a business or have money to hire people who can run it.
Anyone has other inputs?
