Facts!!! You guys are a comical bunch, the bashers that is!!
Facts:
-Fvr has been crushed via a Jitney, it is well documented and the concerns were expressed in Mr. Baks latest PR. It explains our current valuation. Explaining that a short term hedge fund is deliberately holding the stock down, likely a firm that participated in a previous financing.
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-Our debt level is app 15 million, that includes all short term liabilities, warrants, as well as cash burn.
-60,000 per MW is the minimum paid for undeveloped and un-permitted wind towers.
-Phase 1 of project 1 is fully permitted and ready to build, aka Tumbler Ridge. This will seek a premium in excess of 285k per MW.
-Phase 1 of project 2 is nearing completion of permitting, aka Wildmare. It has already been offered 285,714 per MW, which we've declined, with in our 60 day limit, agreed via both parties. It's stated in the press release!
-Phase 1 of project 3 is the largest of all and is considered undeveloped and un-permitted . Yet worth a minimum of $7,020,000.00.
-Phase 1 of project 4 is considered undeveloped and un-permitted. Yet worth a minimum of $3,600,000.00.
-Cloosh Valley is worth $11,300,000.00. Which will be received in 2013.
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All 4 projects are expandable. The 301 MW structure is Phase 1, all of the wind projects in the 2010 Power Call put forward have a larger name plate potential. Look it up!
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Outstanding shares, 38,000,000 since I included warrants in the debt structure above.
$35,428,536 for Project 1 and 2, at least! Since Project 1 is worth more then the offered rate of project 2!
$10,620,000 for Projects 3 and 4 as a starting point!
$11,300,000 for Cloosh Valley in 2013!
=$57,348,536 as our lowest potential valuation. Divided by OS equals $1.50 per share, minus our debt of $0.394 cents a share puts our very least offer at $1.10!!!!!!
But hey, don't take my word for it, the analyst said $1.15!
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The offers are between $0.90 and $1.05, which myself as a substantial shareholder will decline. The 2nd proposal might have us all say yes!
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The company has been eluding to this transaction for over a year. Sell 5 projects for 57 mill on the low, with 15 mill in debt, with revenue of 100 mill per year when operational, and you call them crooks and scum bags? 15 million in debt is chump change to 100 mill a year in revenue! 800 mill to build it, 2.5 billion to collect, 1.7 billion in profit and you guys complain about their debt?