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Friday, January 24, 2014 11:59:53 PM
The secretary replied :"The relationship is simple, GHT has granted Kleangas the rights to private label the Electrolyzer, a hydrogen on demand cell and system, for marketing and sales. Both companies are poised for great success independently of each other in a supplier/sales relationship."
So, my guess is that--pure speculation here--Kleangas is doing the same with these pellets, though they are likely pulling some RFD production out of GDTK, but certainly not enough to meet demand. Kleangas mgt. has likely sold itself to wood pellet suppliers as a sales agent, i.e, they sell the products, set up logistics, etc, and the pellet producers can d what they do best--factory work.
Now, my guess is that the pellet factory addition was just a matter of seizing the niche market. However, there is NO way KGET can meet demand all by itself; however, that said, the 2% profitability is a hedge. If Bo says 5-7%, then wood pellet producers might engage in cost/benefit analysis discussions and might seek to deal with the market buyers internally.
I sold off half of my position today, somewhat recalcitrantly; however, I will buy again in the .0175 range, which I think is an appropriate valuation at this time. Nevertheless, I am long at .03 and.04, because I, obviously, did not do my DD as I should have.
Nad, from now on, I hope Mr. Wylie speaks on behalf of the company. I have a feeling that Bo is the wheeler and dealer, but Wylie has "geek cred."
I still think KGET is headed to $1.30--just not for a couple of years. Regardless, it would still pay off the second mortgage for me.
Best wishes to all.
Michael
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