This was posted on the yahoo board
Per the CC, A/S to increase 300% from 100M to 300M, financing is not in place for proposed projects as of yet. There is dillution but they claim it is healthy dillution. The main theme of the call to me was, they need financing and they mentioned dillution several different times. The partnership with a Japanese company is only a rumor per EZRA. There is no merger or acquisition in the works at this time per EZRA.
Guys, this company is cash strapped. Again, too many times on the call they mentioned dillution and needed financing to move forward. A quesiton was asked about cash on hand quesion was asked and it was not answered.
Deals in Greece and India are still in the works, but the economy in 09 held them back. They have a 4 megawatt deal valued at 12M to 15M that is in the works and in is the engineering stage, but no financing until some further progress is made. This is a promising part of the call if it happens.
Will keep it on the radar for a possible future buy, but I would prefer to get in when they are better off financially.
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