Friday, February 08, 2013 10:04:08 AM
In their response to investor inquiries they just told those investors that ALL the results of the studies were none of their business using proprietary secrecy as the excuse. Excuse me... but telling shareholders how much electricity these turbines actually produce whether in test conducted by the AGEG or on their own rooftop is not proprietary information.
If I was a potential customer, I would demand to know exactly how much electricity they actually produce on average in existing installations. Does anyone think that the sales person could get away with saying "Sorry Mr. Customer but that information is proprietary so it's none of your dam*ed business." Hardley.
The reason they won't tell you how much electricity these one directional wind turbines actually produce on an annual basis is because if they did, no one would buy the stock.
They avoid the truth and instead issue fluff press releases like the one they just put out. They brag about research reports about to be completed then they avoid the subject for 6 months and finally declare that it's none of your business. Why tell you about the reports then?
Of course they shouldn't publish actual proprietary information but average output is no more a secret than how much the turbines are "capable" of producing. Performance data is an essential sales tool just like the study on top of 21 Rio was essential before they failed to get that sale.
And this so called strategic alliance with ATG-LED. We still don't know anything about this mysterious company.. who is behind it.. how the revenue generated is being divided up. I'd be willing to bet that BLDW is nothing more than a subcontractor doing the installation work while ATG-LED is getting most of the profit. But who is ATG-LED?
It's doubful that the Doctors office would buy from an unknown so my guess is it's someone associated with Stone Capital Partners or it's Paul Getty or someone associated with him and they created ATG_LED to siphon off all the meat off the deal for themselves but let BLDW do some of the labor so they could use it to help pump the stock.
That's what I think is going on anyway. We'll find out when the financial statements are published and we see how much BLDW didn't make.
Transparency.... NOT!!!
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