Highlights from conference call:
1) Fully reporting company and will continue to be current and in compliance with the SEC.
2) 500k share float with no additional shares available.
3) Co well funded and in full deployment mode.
4) Talked about relationship with JBL & the ability to mass market the products.
5) Talked about global patents to ensure the co's protection.
6) Explained the bus model going forward. The units will leased and licensed to buying co's that will have to pay a price per gallon, which will be monitored from there plant in CO.
7) They expect that 2012 will be a very strong year in terms of growth and development.
8) State they have no competitors and a product that everyone in the oil and gas industry & mining sector, and Coast guard are now aware of and they have set up sub groups that have the experience and contacts within those fields to negotiate and forge relationships with. I remember 2 of the 3 groups... Ray Harlow, former CEO of Sunoco international, will handle the oil and gas sector, Daunte Lourino is head of the Coast Guard division, and some guy by the name of Ken is head of mining.
9. They are still hiring a vast number of people to handle vast number of positions. They have hired 9 of the 12 external spots to make up the board of directors, including Leon Rose, and are developing training in the field for people to demonstrate the product to potential customers.
10. Since the company is scattered in all different parts of the world, they have formed a communications division, headed by Julie Bloch, to make sure that everyone is communicating effectively with one another.
11. Lastly, Harvey Kaye said they have a tremendous opportunity in front of them and in his 40 years of building co's, he has never been blessed with an opportunity such as the one he has. He said the growth of the company has been amazing and they can feel it ratcheting up every day and that the company is in a very different place than it was 90 days ago. The phones are ringing off the hook and he thanked everyone for there patience.
12. There was one more thing that he touched on and that was people who own restricted shares. He said he has deliberately kept the float low and the stock under the radar while they were able establish themselves and raise money through restricted offerings. He said that he is hoping to have the registration documents taken care of soon and those who have purchased shares 3-3 1/2 years ago can sell some stock in what they hope is about 60 days. He said the total number of shares, including restricted, is 45mm. He said he believes the company is undervalued based on other companies within the field, who do not hold a candle to the technology they possess.
Looks like we are crossing our T's and dotting our I's here...
Thanks malamutus
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