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Westbridge Renewable Energy Corp. V.WEB

Alternate Symbol(s):  WEGYF

Westbridge Renewable Energy Corp. is a Canadian renewable energy company. It originates, develops and monetizes solar photovoltaic (PV) projects and battery energy storage system (BESS) projects. Its projects include Accalia Point Solar PV, Dolcy Project, Corry Solar and BESS Project, Eastervale Project, The Red Willow Project and others. The Accalia Point Solar PV is located in Cameron County, Southern Texas, United States. The Dolcy Project is located in the Municipality of Provost, in east-central Alberta, Canada. The Corry Solar and BESS Project is a 325 MWdc solar photovoltaic project with a 400 MWh battery energy storage system, located in Hale County, Texas. The Eastervale Project is located in the Municipality of Provost, in east-central Alberta, Canada. The Red Willow Project is located near Stettler, Alberta. It also has two new projects in Europe, comprised of the Gierre Solare Project, located in Lazio, Italy, and the NM Solare Project, located in Lazio and Umbria, Italy.


TSXV:WEB - Post by User

Comment by okaynowon Dec 12, 2000 8:09pm
198 Views
Post# 2978218

RE: News Out DBG

RE: News Out DBGDGB, do you realize that Bill Fogg has just received $670,000 fully vested for taking on his new responsibilities? (This is called a signing bonus). He is obviously a good choice for the challenge, but this is a tiny, struggling, accelerator. Also, if my memory is correct,(may not be, so somebody can check details if interested) NSI's option plan allows for 20% of their options to be vested on an annual basis after first anniversary. Basically this would allow Bill Fogg to convert 400,000 options per year for the next 5 years. Thankfully, the ever-astute (hardly) board of directors didn't agree to an actual salary as well. Mr Fogg also remains on the payroll of Answers, which he deserves. Mr. Fogg also receives an additional incentive if he can somehow convince the investment community to buy the stock up to $3.50 and $7.50 benchmarks for the TEN day duration period. The announcement that NSI has accessed their remaining operating line of ~$1.5 million would suggest that they will need to start looking for additional sources - today, for their line will be exhausted in less than 3 months. The announcement that NSI has accessed their remaining operating line of ~$1.5 million would suggest that they will need to start looking for additional sources - today, for their line will be exhausted in less than 3 months.
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