InvestorsHub Logo
icon url

zekel

10/02/08 1:35 PM

#6 RE: LYCFYG #5

"Very Smart buy.... this will fly." - why??

The company has no assets, has only $200 in the bank, is run by Eddie Austin and Thomas Cloud, two guys who admit in their financial filings that they have absolutely no experience in the industry. These guys helped orchestrate a press release claiming to sell an ethanol plant to their cousin company, GFET (ref. to cousin and father JT Cloud), when they knew it was under litigation with encumberences with Cargill, and now in their latest press release claim to have "final negotiations" with an undisclosed "foreign capital city" for $30 million to build a solar city of sorts. The company plagerizes other peoples products on their web site, and gives the impression that they have an R&D department developing solar products, when in reality, every product shown on the website, is produced by other parties - they are simply a middle man, trying to distribute them.

How can anyone take this company seriously. Give us a bone as to why you think this is a smart buy and that it will fly??!?