Due Diligence on Working with the "KID"Curlyman, I’ve now done my due diligence about your posts. Just to recap a couple of points made by you, in the first post you say
“Hi I am and have been looking at investing in this company. I found out about it through my work which is the 1st company to purchase this new technology.”
And in the second post you identify IDC as your employer. You specifically refer to “us I.D.C.” Then you go on to refer to your first post by saying
“....I posted this original posting to let others know how the first ever, sold to an actual user, Green kid was performing"
I understand, from an outsider who follows RailPower, that the unit you are describing is an early Protoytpe Green Kid. I understand that IDC was keen to try to put the Green Kid through its paces, so keen that it was willing to try out the prototype even though an actual production unit was not available at the time.
Point number one is that you are wrong in suggesting that your employer purchased the prototype that you were talking about. The Kid to which you refer was leased Curly - not sold. IDC went into the trial knowing this was a prototype and NOT a Production Unit Kid. It knew that the prototype was an early model. Most important it is now clear beyond debate that the prototype that IDC tested was NOT comparable with today's Green Kid. The problems you have described have no bearing on RailPower's new products that are now coming down the line. You and other readers might have noticed that the article just published in Trains Magazine, the link to which was provided by Shakin in an earlier post, says EXPLICITLY that there were difficulties with the early units but that those have been corrected.
What you seem to be forgetting is that RailPower's products have been extensively tested over the last 2 years by major railways in the US and Canada and these railways have ordered or are in the process of ordering dozens of these $700,000 - $1 million units (CDN $). Get a hold of the analysts reports which are discussed in earlier posts, on the RailPower Stockhouse thread, if you want to get the details. I'm talking about the Paradigm and National Bank reports.
So whether you decide to invest in RailPower or not, or are merely trying to get yourself a better price, it seems the Union Pacifics, Burlington Northerns of the world, are investing in RailPower technology. According to the analysts, 18-20 production units, manufactured by Alstom and RailServe, are expected to be delivered to end-users in the next four months. Moreover these same analysts tell us that based on 2005 projections of sales of 50 or so units, the order book is already about half full.
I have no doubt whatever, that the problems which the early models may have had have been resolved. These problems have gone bye bye. You were right in your first post in suggesting that reliability is of paramount concern to all potential users of RailPower’s products. Quite apparently, giving that they are ordering product, they have no concerns in this regard.