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Technology Stocks : Energy Conversion Devices -- Ignore unavailable to you. Want to Upgrade?

To: brian h who wrote (8082)	1/1/2006 1:29:07 AM
From: Allen Bucholski	Read Replies (1) \| Respond to of 8393

Brain, Stan has said at share holders meeting the company was very important to him. My understanding and my OPINION some information I got from local newspaper articles over the year's. He's build this company from selling $48,000 (most of it start up money)thousand for selling a automatic lathe type of patent in 1948. Stan and his brother were Tool and dye men.(took part in making machines)I believe Stan is still in good standing with tool and Dye although retired long ago. He started his company with a small lab on Woodward Ave. the main street coming from downtown Detroit in about 1960. I believe his wife Iris was their from start. In 1960 48,000 was worth a lot more buying power than today. Stan is 82-83 years old and has more patent's than I care to name. Stan would have sold off a division or two years ago if he was only after money. Again, my OPINION stan is not doing this for money he believes in company's technology making a difference in the world and culture of company or he and Iris wouldn't be their now at their age.(Having said that the facts also show Stan and Iris and brother Herb have made a good living but also worked very hard while long term share holders have waited no dividend and some died waiting. Stan with all his power could have bled company of money and than quit. The Ups and Down's of this company over the years would make one hell of a book with more chance of making money then the ECD's stock. A book is in progress it was mention in a Nature magazine a while back some day It could be a great book and it doesn't have to be fiction. In answer to your question? Stan has gone to court with Manning when Manning demanded he name the board members. The story is long Stan lost case but judge gave ECD and out if he paid Manning about 20 million (appox.) his investors put in. Stan did not want to give up control the company all most went bankrupt. ECD lost super mirrors, x-Ray technology, magnetics and had to sell off his flat display division at the time. A disaster for ECD it when on Pink sheets off the Stock Exchange but Stan did not give up control. My friend Don Shorling and I when through this at time the stock under 4.00 dollars a share and looking like it was going under. I don't want to go into my wild speculation on the protection from take over ECD has but I believe ECD has thought about the problem and has taken some steps. within limits. The one word answer is "NO". My Opinion again the following SOLAR,OUM,COGNITIVE COMPUTER and HYDROGEN technology are the future disruptive technology's(although you could say solar is not disruptive anymore.) that Stan has put his blood sweat and tears in to developing for 46 years. Now that it is close to happening do you think he would want to sell?