The last time there was an extended period of silence, we were handed the bad news that the JVs were canceled. Delays are rarely good news! Every time management has a chance to prove they run a company, they screw it up.
The wind energy sector is strong in China, Canada and the USA, we all get that. Can WWEIE get their head out of the sand long enough to take advantage? I doubt it. A better question is: did they ever intend to really build wind farms? On this question I’m not entirely sure.
Can anyone defend the actions of management over the last year?
(not delivering promised updates, unable to close a single deal, producing bogus fluffy PRs, unable to complete SEC required updates....etc...)
My point is, regardless of a robust wind market, WWEIE will probably fail, because of management.
Who would lend these guys money? Who? Any potential lender who did the basic DD on WWEIE management would walk away in a heartbeat.
I fear the company is done!
As always, this is just my opinion. Good luck all.
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