1.Are you part of the Spirit Bear company?
I hate Spirit Bear, what a stupid company name, not to mention they seemed to want to hurt the company with sales prior to reaching a resolution on the lawsuit (just a obviously biased opinion). So no I am not associated with any insiders. If I were I wouldn't be driven crazy by their exaggerations and incorrect revenue estimates. I'm an average investor, who has obviously become to involved with this stock.I have no inside information so I don't "know" anything.
2. how do you know that they have not been able to convince customers, or they have abandoned the pump market.
I used the word abandoned to describe the situation of their pump market because I feel that to announce more than 1.5 years ago that
"With our manufacturing partners and pump OEM partner or partners, this product will come to market. ......coming very soon, I will expand on the timing of this product in 2016 as well as have our business leader make comments on this product and give you the opportunity to ask questions."
then never provide an update or explain what happened that it is fair to consider that is abandoned. That is not to say they can't or won't every restart it, but obviously something went awry and that event is a negative.
3. Whether they have corrected or not the variation measurements
I don't now whether they have, but they haven't told us whether they have. Therefore we should consider that has a negative. They put that in their 10K, if they have addressed it and not followed up in a 10Q that is still a negative due to poor management.
4. and the guy in NY
I said "who we have no idea about when or how he will begin dilution. " I say that because I know nothing about him but he has invested in other penny stock companies which have not done well after his investment due to dilution. I do not have time to pull up the links on this search on his company name then go through all the returns and then follow up on the companies that announce funding with his company then go look at their stock price since the announcement. Do you own DD.
5. t insiders own 66% of the company and they continue to buy
That number includes Spirit Bear and KHIC who I do not believe have the same investment in the company as the founders and individuals on the board. They are in it to make money. So that number doesn't give me any comfort.
6. they continue to buy
There are two occasions since I have been an investor in this company that what I term insiders (versus people loaning them money for a bunch of shares at a cheap price) have bought, early 2016 and just recently. I had hoped that the insider purchases in early 2016 (which were more shares than recently) was an excellent sign for 2016. Look at how that turned out. So I am nervous that the insider buys this time will equate to big dilution and decrease in price again. So concern has so far proven to be founded (look at price and volume since their buys). This could mean that when they see a need to dilute they make a big buy in hopes it will make investors think it is going up to shore up the price a bit. I don't know, its a guess. But I think I should of put insiders buys as a positive. Even if they are buying to support price it shows they still believe in the company. That was an oversight.
7. I understand your frustration and you come across as an anger person. You make a lot of assumptions that are not FAIR to the company. Missteps and poor decision making in their part I agree. SB is the worst decision they have made in my opinion. These guys Tim and Mark spent their life time working with generators, be fair to them. You might lose few dollars, they lose their life time dream of building something new.JMO
I have to make assumptions because they frequently do not keep us informed. They got a lot of people to invest with PR announcements that didn't pan out, yet they never followed up to say why. Its not bad to run into problems, but its misleading to only tell half the story all the time. You do that enough and people stop believing you and feel the need to counterbalance any future PR announcements with a reminder that investors should consider that whatever was said in the PR should be taken with a grain of salt and to read between the lines.
People who make posts saying this is an amazing stock and you will definitely get rich off it do make me angry. They poster who is warning everyone not to consider investing in this stock at all likely fell for a someone giving him this type of line. I am not saying no one should invest in it, I'm saying be careful.
I continually say Tim and Mark are good engineers, but I also think they have been in desperate financial situations and made decisions that were morally questionable (we will see based on Wang lawsuit whether they were legally questionable also...I hope not).
I am invested because they are great engineers (especially Mark), have the background in the industry and the contact in related industries needed, and the product is marketable and I want to ride their coattails because I couldn't found and make a company myself.
Sure I'm not forgetting their mistakes, but I'm also calling out their positives without sounding like a used cars salesman. Frankly I think any investor who is going to fall for the 'your going to be rich, trust me' line is not going to listen to me, but it makes me feel better to push back on those type of posts.
8. The other company question.
I posted about them some time ago they were a the auto show. The 10Q also describes them in the competing technologies sections. Go look that up, I don't have time.