Sunday, September 11, 2011 3:54:41 AM
PSPW is a horrible investment because the CEO who was bringing the cash is gone. Durrant is a stockbroker not a seasoned energy industry leader. Finding credit now, after one bank already pulled out is a dream. Could it happen? Yes, however at a severe dilution. This is what happens to pennies. You should know this.
Durrant does not need anyone here's approval to dilute. You will be the last to know. I see people here on other boards where the float is less, the Co is making money and the prospects are great.
Solar panels, wind turbines...this is a seriously competitive industry. Tell me this, why would a country choose to use PSPW rather than a large company that has the resources to actually fund itself or has the collateral to get credit? PSPW loses money because right now they are an energy broker, a middle man. In economic turbulence middlemen are as useless as the value they add...they don't add value...but you already knew this.
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