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goob83

07/27/10 11:01 PM

#30697 RE: KennyPro #30696

they have only said they did these things no one has verified it personally. One share holder here live next door and went to the office but did not ask to see anything nor did he see or say he saw a place where they are manufacturing this unit. when ask if he ask to see the converter or shop there was no reply. I cannot remember his name but he is our best asset should he choose to personally drive over weekly and get status updates.
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TORPEDO

07/28/10 12:57 AM

#30701 RE: KennyPro #30696

Kenny, if they are in fabrication, they'd contract that out to a machine / assembly shop. Not something they'd do at the office, so no point in sending someone over to the office.
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SGT ROCK

07/28/10 4:25 PM

#30706 RE: KennyPro #30696

KPRO:

When you say "they were going to get funding for the converter and then they did" - was this in the form of a PR, or have you been able to pull up the financial documents that reflect that? I am somewhat of a novice with regard to looking up these type of documents, but I don't see anything posted in my Fidelity Site.

What about the statement of "they would get consultants in for fabrication and they did that." Is this more PR, or is there some other data that I have overlooked?

I would feel a whole lot better if I had some "visible proof" - and how much effort would it be to update their web site? What about the posting of their management team's info with photos? What about shareholder updates vice fluffy PRs?

I, too, am holding long - but only by necessity at this point. If I could get out without taking a loss I would. But at this juncture I am better to hold out by chance something does happen. If I lose by holding long, then it would be the same as if I took the loss now.

Tell me if I'm wrong in my thinking....