Go to facebook - Go look at Green Force Electric (colorado) they are installing systems and show the electrical output graphs as well
Sales
2012 11,400
2013 895,561
2014 1,764,000 <---Spring of 2014 is when Penny Promo piece came out
2015 2,821,000 (for 9 months, reporting ended with that statement)
most likely did about 3.5-4 million for the year
Oil price decline, solar companies were decimated across the board.
I do understand what you are saying that the Jamaican project was supposed to be 14 million in orders in hand and when they extrapolated out the potential market they were talking about 120 million. But the company was also running out of cash and solar was getting crushed.
Bates might be an idiot but I give him credit for continuing to try. He could have folded this tent a long time ago.
I have talked to the people monitoring the JPS sites which are performing well and as expected. I talked to a guy in the Middle east putting in towermills, talked to Green Force and others.
Do I think 160 million valuation for this was crazy and pumped? Sure, but when I found it the market capt was 220k or so now its 400k (given the outstanding shares x the .0001 price).
I think Bates is not out yet. I have heard this from
1- The Indiana town meeting
2- A person close to management
3- People working with the product.
Stock might very well be worth nothing or bankrtupted at some point but Bates is not a rich man because of Windstream.
In my mind his way is the same as our way. He gets shares where they are now, recapitalizes this with money and rides the return to normalized market value of say 1/8 of the former value.
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