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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 (5714)	11/6/2002 6:20:31 PM
From: ddl	Read Replies (1) \| Respond to of 6016

Gulo, thanks for the reply. Good response to my questions... GLE wants to sell fuel cells primarily, right. End user units like for Enbridge are secondary, imo. If they admit to NOT having a product to sell as yet, I take that to mean a "cell stack". A final cell stack product that works. One that has been tested, proven and is ready for production...No bugs included. Do they at least have this? I don't think so. If so, please prove it to us before spending $25-30MM in production costs. Did they sell a product to Delphi. I think they did, in their own view of the world. But today, they don't have that to sell anymore because something is not working well. IMO, today they do not have a cell stack ready to sell, bug free and of someone offered $1.3MM for some testers, they would be denied. If they want to prove otherwise to their investors, let's see some recent sales. Testing can mean what you interpret it to mean. Imo, if they say we successfully tested a residential unit... then they damn well better have a bug free prototype... still being tested... BUT also being engineered for manufacture. I don't think they have this. Reason is they are now shipping a newer prototype to Enbridge... See a patern here.... Why did the first unit not work that well with Enbridge. I'm sure they didn't ship it without testing it thoroughly. I think it's smoke and mirrors and that's why top heads have rolled, the price fell out of the sky, and IR is slowly breaking the bad news to us.... we don't have a product, just an ugly picture being painted. And they aren't doing anything to contradict this either. Boy, I hope I'm wrong.