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Gold/Mining/Energy : Global Thermoelectric - SOFC Fuel cells (GLE:TSE) -- Ignore unavailable to you. Want to Upgrade?

To: Ruby who wrote (2930)	8/9/1999 8:39:00 AM
From: StockPro	Respond to of 6016

Not sure of the exact number of shares outstanding. There were warrants deep in the money that expired in late April I believe. And there was a series of redeemable preferred shares that were convertible on a 4 common for 1 preferred basis. The preferred shares were recently redeemed by the company, deadline July 20th I think. Check the news releases for exact dates on both the warrants and preferred shares. As a result, my best guess is approximately 20-22 million shares outstanding (with very roughly 30-40% controlled by insiders), someone will correct me if I'm wrong I'm sure. As for the fuel cells, the contract is to supply them to Delphi. What Delphi does with them one can only guess, but knowing that Delphi is a major global vendor of "automotive technology", one can put two and two together to come up with a reasonable guess. Furthermore, GLE with its current customers and products has excellent sales contacts and distribution channels for "stationary power generators". When the fuel cells are in "production", I am sure they they will be very easily adapted to this market as well. Market cap supported by next years revenue? I haven't worked through the numbers (they mean little to me as I am holding this as a "spec stock") but there was a recommendation put out recently, by Sprott Securities I believe, which had a 12 month target of $15. Supposedly the target did not take into account any "speculative value". Although there's a lot of trash to wade through, it would be a good idea if you read through the posts on this forum from April onwards. Answers to many of your questions can be found there.