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

To: the Chief who wrote (5685)	11/5/2002 10:19:04 AM
From: Vitalsigns	Read Replies (1) \| Respond to of 6016

Bang on Chief!, Perry never opened his big mouth throughout the FC rally and in fact I spoke to him on one occasion and he showed disbelief that we were trading above $7 just before it ran up to $50 in the next several weeks. Even his board couldn't beleive the FC bubble , because as soon as they had a chance to sell , Foundation liquidated as much as they could , didn't even bother to file the proper paper work. So GLE's rise had nothing to do with Perry. Jim was just lucky to have had a market boyant enough to have done a Private Placement when he did and smart enough to know to have taken it. He had difficulty selling the $9 placement 6 months earlier and had to go to europe to fill it. So good luck to ATF , and hopefully Jim can bet on another FC bubble to move that company along . As for GLE, there appears to be a very sombre attitutde at the company ever since they anounced Ghosh is leaving. And did not even try to meet their first self imposed deadline reagrading the timelines to commercialization that Peter touted when he first was swarn in. This does not bode well for future targets and promises. I expect the usual Yada yada yada in the conference call this week about making progress , we are getting there yada yada yada , we will keep you updated yada yada yada , and plenty of other empty promises that this company now is being recognized for. Oh well, Another Canuck company that never had the Brass to do the job.