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

To: Gulo who wrote (5608)	9/16/2002 1:47:58 PM
From: the Chief	Read Replies (1) \| Respond to of 6016

I will answer this one post only. Point 7) Jim Perry, did not follow the business plan, allienated 90-95% of the brokerage/analysts. Went out of his way to treat the financial community as underlings. Failed to motivate his staff. Was unable to visualize appropriate milestones for the FC build. Could not identify the market under which he first should attack. Could not motivate people to work, and allocated "options" incorrectly. Idon't expect GLE to greatly increase in price anytime soon, but am intrigued by the discount and by their technology. Good, because it likely won't reach much more than 2.20-2.40 over the next 6 months. They do seem to be behind Siemens-Westinghouse as far as commercialization goes, but the markets are different. Not true, Siemens has a fuel cell workin in a home now. Fuel Cell Technologies of Kingston(uses Siemens) has a 20KW working now and are placing some in a european community assuming my memory serves me correctly. I don't post here for the same reason I don't post on DMX board anymore, people got tired of me telling them the company was mismanaged. I sold 90% of my GLE at $28.50-$31.00 and the last 10% at $18.60 for those reasons.