Hi Big Tex and POB!
Unlike you two, I believe that Lee Balak and the others are doing a great job of moving Power Tech ahead. You have to remember that this is (a) a tiny company with very few employees; (b) a company with little capital; (c) a start up company trying to get the attention of established multinationals; (d) a small company trying not to give away the shop in dealing with powerful market players;(e) a company trying to sell new and innovative technologies in very traditional and change-resistant markets; and (f) that this is the worst possible time in years to try to raise capital and market new products.
In other words, give management a break! From what I can see, they are thinking strategically, working hard, and trying to get as many breakthrough deals in the pipeline as possible. Things take time, and in this market, lots of time. A CNBC financial commentator was saying yesterday that two years ago, major tech deals were signed in two months. Not now. Now everyone is cautious and business people have gone back to making deals in the old way: lots of due diligence, lots of consultation, lots of testing, lots of legal advice, etc.
I'm as concerned as everyone else about my high risk investments. But I'm not paranoid insofar as I don't think anyone is trying to lie to me or skam me. You place your bets and you take your chances! I still think PWTC is one of the best bets out there.
Graeme
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