CF LaceyI was just doing a little digging into just who CF Lacey & Associates are and it seems that they specialize in fund-raising for companies and projects Now the CEO, Carl Lacey, appears to be running another company called VE Clean Power Inc. which seems to be focused on ethanol production. (see
https://www.vecleanpower.com/equipo.html)
Both CF Lacey and VE Clean Power seem to be pretty small time operations, which begs the question of how they have access to $60M in funding to commit to this joint venture.
It's unfortunate that the share price for MPE is still floundering at these levels. As a shareholder, I am deeply disappointed as I really believed that 2010 was going to be the "make it" year for MPE. In more recent months, things are a little brighter with news of funding, joint ventures and projects. However, as investors and the market have signaled, the credibility and ability of management to deliver on these deals remains in question. If that was not the case, we would have seen a significant run on the share price from the NR.
We really need to see a substantial rise in actual revenue earned, and not just the promise of larger revenue. This will be key to restoring some confidence and trust lost by investors. Only then can we move from these dismal share price levels.