Not true.
The products work and the technology works. The problems are as follows IMO:
1. Penny Company - A penny company has little to no credibility with the public. Penny companies have limited resources and constantly watch opportunities pass them by because they don't have the market cap to adequately fund the project.
2. Too many opportunities - This may sound ridiculous, but it really has been a problem for this company. Rather, than center on one project alone, and see it to fruition, the company has a history of attempting multi-tasking and pursuing several large projects at the same time. The few resources then become fewer when spread among several opportunities.
3. Failure of the company to create a reliable and reoccurring revenue stream - The company should have, as noted above, settled on one product, pushed it until it created dependable revenues, and then expanded. It didn't. Rather, it came into possession of several different products and technologies and attempted to market them all at the same time. Even for a good size company that can prove too much.
4. Sounds too good to be true - The company has demonstrated the effectiveness of its water cart and IMS1000. But the tendency is too believe that such a simple, and relatively inexpensive solution, must be too good to be true. Sure it worked in a controlled setting, with company personnel present for the testing, but will it work in some remote area of the world with untrained individuals in charge of the operation? Those are questions that potential customers raise and GLEC doesn't have the means to go to remote areas of the world, set the operation up, and then stay to prove its effectiveness.
5. The most likely purchasers of the water products/technology are 3rd world countries - These countries do not have the economic wherewithal to purchase the products/technology. They rely on large charitable foundations to address the issue and those large foundations see the company as a Penny stock company, with no track record and therefore is unwilling to throw money their way. In other words, see 1-4 above.
A lot of this is being corrected. Dr. Corrado's money has enabled the company to adequately fund the soil operation. The Alabama soil location is real, it will produce hundreds of thousands of pounds of good grade fertilizer and this will create the revenue stream so essential to everything else.
AI
