xy:
Thanks for the reply. I followed up with my friend who was at the meeting on your Intertek question (as an aside, I asked him for a overall summary of the meeting that he's putting together).
He said Intertek testing WAS addressed by Schmitz in his speech. He said that they have been working with Intertek to be sure that they meet the specs when the turbine is put up in the Fall. So, I don't love that answer because I'd much rather them say that the turbine is up and being tested. But, they did address the issue with a current status and it makes sense that they want to be 100% sure that they will pass the test before they just throw the turbine up (like prior management would).
To my knowledge, they never gave a project for 2010. Anyone else ever hear of one? If they did, I think someone would have heard and posted it.
No company EVER guarantees estimates. Project/estimate is the common language.
Great question on dilution - wish that were asked at the annual meeting (if it was, my friend missed it). But I think just about any company with a $20 million market cap that shows tremendous sales growth like $.5 in one year to $15 - $25 million in the next would really have a stock that could pop up significantly. I guess there's a chance that it wouldn't, but I'll take that chance. ASPW does not have any funky capital structure, just a lot of shares, so it's fairly easy math. Downside is 100%, upside is limitless (ok, reality is around 10x, but that's still pretty darn good).
And I'm hardly have blind faith. Other than Intertek, which I agree isn't really what I expected the Schmitz team has delivered on all prior projections. I find it hard to believe that Schmitz AND Matthews, two credible guys with documented histories, would be giving projections that they don't really, really believe in.
But, time will tell. And they better start announcing some bigger deals in the next month or two, or I'm gonna get really "curious" (ok, tough for Schwing's sake!) about how the heck they'll get to $15 million.
