RE: RE: RE: Axel Hartung
I too have confidence in the ability of Axel Hartung.
Some forget that the Sunergy was only in Spain before this year and that was the Sunergy I. The Sunergy II is certified in all of Europe now and the Changetec agreement and much of the progress made in Europe is the responsibility of Axel. A lot has been accomplished this year in a very short period of time.
SET has streamlined its' operations in Europe with Salicra and Changetec and cut back expenses bringing David Carten home and bringing their best asset now from Europe to concentrate on the North American market as promised by the company in their MD&A.
I have no qualms about it but as VDSquared has noted, we will find out in time.
As far as Michael Carten and the company being a fraud, I resent that comment from my knowledge of this company for the past 10 years and its principals. I am sure they will resent it even more as I know they do read these posts.
I haven't met Michael Carten so I can't really vouch for him personally yet but I fully intend to meet him. I haven't seen eye to eye on some things and I have expressed my disdain on more than one occasion with him by email to the point he must cringe when he sees my email but he has answered them, sometimes slowly. I understand he is very prompt lately.
I have met 3 of his employees including Brent Harris and I can assure everyone here that Brent Harris is a very intelligent and knowledgeable man and is no fraud nor are the other two. All hard working individuals that are working diligently to make this company a winner. I do know very competent and influencial people in Calgary who speak highly of Michael Carten as well. Professionals that first got my interest in this company as one of my investments.
The one individual who has the most to lose if this company doesn't make it is not D&H but Michael Carten. D&H is a company that can absorb the loss. Michael Carten is not. His future retirement is totally based on it. He does not live a luxurious life as some might envision and started this company working out of a garage. I have no doubt he is striving to get this company to a $2 level.
Although it has been 10 long years that I have invested in S.E.T. with many set backs and ups and downs, this is the first year for the company to gain true momentum and Ontario hasn't even started in its' solar power.
All that is happening in ONtario so far is companies are getting ready for the coming market, as the U.S. is and Alberta and B.C. are and SET is much further ahead with their footprint here than many others.
But time will tell. I know I will still be here for another 6 months and then???? Now is not the time for getting out. IMHO. A company that has achieved so much in the last year?
There are many articles on what a shortage there is of inverters and as this market developes there is no doubt SET will sell everything they can produce. That is my only reservation, that they cannot produce enough to satisfy the demand.
My feeling is that the largest problem for our SP was the grand performance by Robert Bucher with the factory and 300 jobs that he made the big release on. That really peeves me and I have no doubt it is one of the reasons why he is gone. When that didn't appear to be the case, it hurt us badly. Unethical activities with that one? Perhaps. Not as sure as I am with Micheal Carten.
On a brighter note, it appears the flow through sell off has quietened down and some have picked up a neat little pile. Hopefully the couple of entities who have sold off are through. Not much in the scheme of things. Just enough to lower the SP in this economic threatened world approaching Black Monday. Actually it hasn't done bad all in all considering the lull in production before ramping up.
GLTA