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Re: Letís set the record straight (Score: 0)
by Anonymous on Wednesday, October 08, 2003 @ 15:32:18 EDT
This is the way I understand things:

1. GWE held the press conference, issued press releases and launched the website so that anyone that might have been interested in obtaining licenses would have an equal opportunity to obtain them. They also wanted to soften the blow to energy related industries when the technologies hit the market by giving them an equal chance to participate.

2. UFCT was issued the first license by the team a couple of years before the other technologies were ready and licenses were issued by the team to GWE. UFCT had committed to original key partners that it would position the company to go public, but later everyone decided not to. The stock was originally sold as part of that commitment in an effort to begin meeting future registration requirements. As you are probably aware, not much stock was allowed to be sold and the price was well below what should have easily been a healthy valuation.

3. Yes and no, I was sent a written update from UFCT in January that explained that UFCT's products would be manufactured and marketed by a third parties. I was told at about the same time that GWE was the third party. I can't imagine why GWE would feel it is necessary to discuss its relationships on the web site.

The thing that surprises me is that this information is readily available to UFCT shareholders. Why are these things mysteries?

Anthony



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