RE: RE: RE: RE: BS newsVDS''
I too appreciate your frustration. Welcome to the board. Negative feelings or otherwise, I note we are attracting more and more posters which shows interest and obviously you have invested in this company. This company should have the symbol FTN for frustration.
I too have waited for more than PR, decorations and potential market reports for a long time and have too often been disappointed in this company......agreements with China's trade commission re Wind Turbine......made news across Canada not that long ago then nada word mentioned again. Not even an explanation as to what occurred. Sunergy I that was to revolutionalize solar.....then nada. I suspect the remaining stock is obsolete scrap. Never made it into Germany's 50% world demand for solar. How great was it? Such a tremendous product, I would think, would have sold itself and the company would have been snapped up 2 years ago if we could believe what we were told. Then, again, Thin Film was not the big deal it has become and according to the company, that is what this is all about. They have very little interest in the other market at all according to the recent MD&A this year. Sunergy II is all about TF which is only developing but about to take over 50% of the solar market by 2012 according to many experts.
Little to zero sales.One project with a sales discount. Figuratively gave it away. Marketing and establishing itself. I note even now Salicru doesn't list the Equinox (remember all that hallabalu-6.5 million order) on their website as a product or product to come. Not a word about it for months from Salicru. They are a distributor. Are they paying up front or have they ordered the Sunergy II on a commissioned per sale basis? I receive a newsletter email from them frequently and when I enquired about the Equinox (their brand name for Sunergy II--GEN II), I received no answer. I too have a lot of questions. I know. I know. The company says it is 8 weeks behind and no doubt out of courtesy, Salicru isn't going to comment on S.E.T.s fortunes or woes or coming products. And perhaps there will be a big balloon event in the near future to announce it. But I will believe the deal when I see it and the sales figures in black and white. Hopefully paid for upon delivery. ......
Now that I have said that, the DD that I have done recently & extensively, with the forces and people behind S.E.T. involved in the going forward this year, does indicate to me that they do indeed have a superior product with the minimum potential of a $1 buyout. The only other alternative I can think of is that some very International brilliant people have been hoodwinked and I don't accept that at the present. Not with their credentials.
As a result, I have again dipped into it once more last week.
I may have been a kamikazi pilot in my previous life and I maybe going to repeat my ending. I second guess myself continuously on this one. A brutal almost 10 years. This one is my largest investment of several.
I just want it to happen, after a 9 year wait, before new technology makes it obsolete. There is always a better mousetrap to be built.
Meanwhile, enjoy the SP rise which will be coming very shortly IMHO. However long it may last. What makes a difference this time around is the action and exposure and the reputable entities now invested, that give it the credibility. The toughest future decision is at what point on the way up to sell. But it will be based on earnings and not NRs and frillies. Ah, the joys of investing!
Meanwhile, there is definitely an excitement in the air and it won't take much to make the ground swell of interest turn into a artesian well.
Enough blabber. Have a great day.
GLTA