NIR slammed the door. DD was MIA, nerves were rattled. No,one from my crew dared rock the boat by bringing NIR another deal. Within months we went from having $800 dinners, hosting clients at cigar bars for $500 a piece to not being able to fedex contracts. Not that we had any contracts. The phones got shut off first, then the power. Trying to stay afloat we approached business that didn't need much funding up front.
Approach backfired: these companies were riskier, ah, shadier than the likes of medgen.
Problem: without NIR there was no source of $$$$ to fund a company. I started to think we were phonies. Certainly our only source of funding wasn't NIR??
Stupidity: I asked that question and got pressured into handing over $12k from my personal money to one of the first post NIR funded deals. Company was called Solargy (SLGS) - since delisted but then it was sold as the key to reopen the door to NIR.
Logic: get few rounds of PR going then NIR would take notice and pony up the big $$
Reality: $12,000 only bought 1 round of promo from Paul Allen & Associates. Not nearly enough to generate buzz NIR gave a crap about. The DOOR To NIR remained closed until the next chapter.....
Ended up with deeply discounted stock from SLGS - worthless! & this stupid press release..
(First couple graphs)
Solargy Systems Inc. Begins $120 Million West African Energy Project
Monday November 24, 8:00 am ET
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Solargy Systems Inc. (Pink Sheets:SLGS - News) today announced it has hired Cinergex Solutions Ltd, a Canadian provider of Waste to Energy (WTE) technology and equipment, to begin work on a $120 million energy facility that will be operated by Solargy Systems. The facility will generate over $100 million in revenue and open the door for additional facilities, using the Solargy model of combining solar and waste to create efficient power.
"Selecting Cinergex as a partner was no accident,” said Carl M. Nurse, Solargy CEO. "Cinergex has extensive experience developing modular WTE systems in Africa and throughout the developing world, and with their expertise we will be able to deliver these systems in a timely and affordable manner." The 1,000 ton per day facility will be completed in 2010.
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