Actually, the TV story was supposed to be about how residential wind turbines are not viable in Austin and that's exactly what aired.
Somehow BLDW management didn't bother to learn what the focus of the story and simply assumed it was about commercial applications and them in particular. That was mistake number one. Mistake number two was then creating a press release based upon that mistaken assumption and publishing it in advance of the story.
The bigger problem here is that such this could happen. It is clear evidence that management makes bad decisions, comes to mistaken assumptions and is getting bad advice from their IR guy and it clearly explains why the company continues to brag about more orders from Kohl's that never materialize and have been continuing to work with 21 Rio since February with a sale coming at any moment.
Nothing the company tells is comes to fruition as represented. For example, go back and read that update they put out on Aug 9. Check the events with timelines predating today then ask yourself, what happened with that?
Remember that promising R&D report that was going to be ready in 2 weeks? Well that would have been the 23rd of August. Where the heck is it? Did it turn out to be a bad report just like the TV story turned sour? If it was great, they would have released it wouldn't they? I'll bet it was totally disappointing so rather than tell us the truth, they decided to just put it away and not tell the shareholders. Well, I for one would like to read it. If you are going to promote the fact it's coming, then it should be released when it arrives.
I have always been concerned about management's ability. In light of this missing report, I am beginning to question their character as well.
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