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Post by Guest #2 on Sept 6, 2014 12:20:25 GMT
Guest, What a stupid topic, there are many more important things to consider.
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Post by Car Guy on Sept 6, 2014 12:53:40 GMT
Once we file our S-1 this quarter (as allegedly stated by Our CEO) I can't wait to see what the speculation is on our IPO price. At the last meeting I attended, someone asked about the value of the company. The response from the podium was that it was last valued at $800-$900Million, but that was years ago, so it's higher than that now.
What will our shares actually be worth at IPO?
I do not believe it's too soon so speculate because, as allegedly stated by the company, S1 is coming soon with IPO to follow. Hell, I'd hazard to say people may still be investing based on such statements, but I'm just hoping my kids will be able to afford to go to college at one of the world renown Universities that were allegedly jumping on board the consortium train. Or perhaps I'll make enough to buy one of those German cars from the company they were allegedly finalizing a deal with.
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Post by Christian on Sept 6, 2014 14:43:22 GMT
The probability for the company to be an IPO is a statistical outlier. The chances for Sal et al to spend some time in jail is significantly higher.
The court hearing Sep 23 should offer us some more insights!
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Post by Guest 3 on Sept 6, 2014 15:23:30 GMT
Guest 2: What other important things should we be considering? The idea of Sal and clan going to prison?
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Post by MHamil on Sept 6, 2014 15:52:32 GMT
Car Guy,
Honest question, what makes you think it is higher now?
I think the rejection of most of the OEM's has devalued the company. I think the business plan for power gen. has increased the value. Having to close the German office has devalued the company. Everyday that passes the old patents lose value. (But I think we still have 15+ years on most patents) The SEC shenanigans has devalued the company. Losing Paul as a cheerleader has decreased their value. The signed PPA's has increased the value. The HINO agreement as increased the value. Consortiums have increased the value. Burning through much of their cash on hand has devalued the company Lawsuit has devalued the company. Offering 40 million in new shares + warrants has diluted our real value. As of today...from what they have displayed externally, I would argue the value has decreased from the time Sal got on the podium. But that can change very quickly.
Wait a month and things should look up if Sal executes on his plan and the case goes their way. (or even if it gets settled) Plus, Paul might come back.
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Post by Truthy on Sept 6, 2014 15:54:56 GMT
The probability for the company to be an IPO is a statistical outlier. The chances for Sal et al to spend some time in jail is significantly higher. The court hearing Sep 23 should offer us some more insights! There aren't even criminal charges. Why would anyone go to prison? I'm not saying nobody deserves prison. But it's easy enough to play dumb.
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Post by Guest on Sept 6, 2014 17:18:54 GMT
"Wait (YET ANOTHER) month and things SHOULD look up IF Sal executes on his plan and the case goes their way. (or even IF it gets settled) Plus, Paul MIGHT come back. ". HAHAHA.
No criminal charges yet be patient. Once evidence is entered into class action (civil) suit the cards will come crashing down on the Scam house. Tick tock...
Opinion only no facts.
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Post by Guest on Sept 6, 2014 17:59:55 GMT
Sept. 5, 2014 Dear Investor, As you may know, we have been bolding webinars over the summer that include a step-by-step explanation of how the whole power generation market will work for us, how the projects will be financed, and the estimated revenue for just some of the projects for this year, along with an update on the mobile markets and options for accessing the public market. Many of you have already attended one or more of our webinars. However, we feel that it is very important for all of our investors to have the information from these webinars. If you have not already attended one of our webinars, I strongly urge you to take the opportunity to attend one of our upcoming web meetings. Our next series of meetings will be held at 7 pm EDT on the following evenings next week: Monday, September 8 Tuesday, September 9 Thursday, September 11 Let me know by email which meeting will work for you, and I will send you the link to register. Sincerely,
Ruth J. Scuderi Director of Investor Relations
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Post by Car Guy on Sept 6, 2014 21:03:34 GMT
MHamil, I draw no conclusions. I'm just reporting the last thing I heard.
Absent The company recanting past statements, I have no choice but to continue believing that the company is worth more than the initial valuation, we will have a google-like IPO, and we'll get (immediate) revenue from multiple consortiums, Mexican Casinos, Puerto Rican Nursing homes, and a development company in Lancaster. Exactly what else should I believe? This is what they communicated to me and others, and they've never gone back on these words.
Am I just supposed to stop believing we're going to see audited financials sometime around February of 2014?
Geez! You need to all stop being so negative and give Sal, Ruth and company credit for their prudent and judicious use of investors monies!
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Post by Lilly on Sept 6, 2014 21:09:10 GMT
I don't know for sure what noncompliance to sec settlement means but I have once heard it is considered criminal offence.
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Post by Jackson on Sept 6, 2014 21:41:05 GMT
Lilly-The S.E.C. settlement was not a criminal offense in any way otherwise someone would of been arrested. I thought Sal Scuderi agreed personally to pay the fine and the SG did not have to admit to any wrong doing. The SG could of continued to pursue a better outcome, however it was no longer worth burning any more cash with an extended legal battle and the SG wanted to put the investigation behind them.
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Post by Guest on Sept 6, 2014 21:51:24 GMT
Loving the Car Guy. He is on target!
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Post by Car Guy on Sept 6, 2014 21:53:44 GMT
Who ended up being on the board of directors? I forgot to check myself. Maybe someone could help me.
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Post by Guest on Sept 6, 2014 22:04:54 GMT
Lilly-The S.E.C. settlement was not a criminal offense in any way otherwise someone would of been arrested. I thought Sal Scuderi agreed personally to pay the fine and the SG did not have to admit to any wrong doing. The SG could of continued to pursue a better outcome, however it was no longer worth burning any more cash with an extended legal battle and the SG wanted to put the investigation behind them. CORRECT: the SEC investigation and settlement was not criminal. What Lilly is saying...by not honoring the settlement agreement (i.e. not publishing audited financials, booking loans...,etc.) may be criminal! SO, where did Sal get the $100k to pay the fine? Gee, steal (I mean misappropriate) $4 million of investor money, pay NONE of it back, and only write a check to the SEC!? Wow! Don't say attorneys are not smart they are and the investors are finding out hardcore how the game is played.
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Post by Guest on Sept 6, 2014 23:01:40 GMT
There was nothing in the settlement that says anything about audited financials.
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