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Re: Follow up (Score: 0)
by Anonymous on Sunday, November 16, 2003 @ 17:47:45 EST
"the investors should demand more solid proof that it can run for 20 years than seeing it run for hours."

Again, this is easier said then done. How would you suggest they go about demanding information from a company/individual as illusive as UFCT/Patrick Kelly? What leverage do they have, other than an insignificant piece of paper saying they own shares in a company that has no address or phone number?


| Parent

Easier said than done (Score: 1)
by chipotle_pickle on Monday, November 17, 2003 @ 07:08:33 EST
(User Info | Send a Message) http://freehydrogen.blogspot.com
I know what you mean. But remember, they work for you. Go to other shareholders, tell them that you want a full accounting of what funds have been spent and for what. It would also be worthwhile to see the contract between GWE and you guys stating what portion of the revenue you are to get, and the contract between you guys and the people who developed the technology showing what you owe them. Just get the basic paperwork and financial story out in the open. Also tell them you are worried the cGells will not last years at all, and want to see the Edison running for a few days and to check if that depletes the gCells substantially as I have predicted. You don't need to bring in an outside expert (it wouldn't hurt) as you can weigh the gCell and check the water for oxide flakes yourself. Tell them you just want to understand what the situation really is.

I bet you find other shareholders who agree with you that these things should be spelled out to you. Then go to the company and tell them to provide the information you need or to buy back your shares.


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