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GWE license application period is over
Posted on Thursday, April 03, 2003 @ 01:27:59 UTC by vlad
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"Change has a considerable psychological impact on the human mind. To the fearful, it is threatening because it means that things may get worse. To the hopeful it is encouraging because things may get better. To the confident, it is inspiring because the challenge exists to make things better." -- King Whitney Jr.
On behalf of Genesis World Energy and World Energy Management, we would like to thank everyone who took his or her time to submit a proposal or expressed interest in the "EDISON DEVICE". We have had an overwhelming response from every corner of the world. Your responses were passionate, enthusiastic, supportive and creative.
As posted on our website, March 31, 2003 was the deadline for submitting preliminary licensing proposals for the Edison Device. We will re-open the opportunity to apply for licensing of this technology in 2004.
Many of you have expressed interest in a variety of other opportunities and we encourage you to check the GWE/WEM websites for updates to be posted after April 1, 2003.
We will be contacting those of you who submitted proposals on an individual basis once the review process is complete.
Once again, thank you for the tremendous response and sharing our vision for the future.
Best wishes,
Genesis World Energy and World Energy Management
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that update was made (Score: 1)
by chipotle_pickle on Thursday, April 03, 2003 @ 10:45:00 UTC
(User Info | Send a Message) http://freehydrogen.blogspot.com | If you go to the proposal submission portion of the page, you get an error notice as well. So they did make an update to their page on the 31st or 1st. But this update was not made.Upcoming New Technology Announcement
In March of 2003, Genesis World Energy will announce the availability of a new version of the Genesis Technology that will address another major world energy segment.
I also noticed that the form letters used to be "signed" by someone named Shaw but I've not seen the Shaws mentioned in a while. This letter to Sterling Allen was "signed" by Darren Shaw. I guess there must be more than one person who writes their copy.
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Re: GWE license application period is over (Score: 0)
by Anonymous on Friday, April 04, 2003 @ 09:00:20 UTC | So whats next? Now that the licensing submittal period is over, what are the next steps? I dont think we will see a device on the market untill well into 2004. If they are still looking for manufacturing sites and stuff. What about this new announcement? Im very interested to hear what this new energy market is that they are announcing this new device version for. If they announce a new version of the device for automobiles they better brace for an even bigger barage of skeptic comments and slander. Would auto's be considered an energy market? I guess it would be but they should settle all the comotion over the original announcement before they add fuel to the fire.
Im also interested in seeing the bill of materials thats supposed to be listed on the site LAST MONTH!! |
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Re: GWE license application period is over (Score: 0)
by Anonymous on Tuesday, April 15, 2003 @ 11:49:41 UTC | What the hell is GWE waiting for with the updates to their web site? I am dying for more information.
Also, Chipotle_pickle, when are you going to post you assumptions on the estimated price per share, outstanding shares, etc?? That could be an interesting read.
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Re: GWE license application period is over (Score: 0)
by Anonymous on Tuesday, April 15, 2003 @ 11:52:26 UTC | | Where did the "on behalf of.." message come from. I dont see that on GWE's site, point me in the right direction pease. |
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So how big is this scam? (Score: 1)
by chipotle_pickle on Wednesday, April 16, 2003 @ 14:54:18 UTC
(User Info | Send a Message) http://freehydrogen.blogspot.com | I can think two ways to estimate this. If anyone has another estimate, I would be happy to steal it and post it as my own I mean post it along with mine at Genesis World Energy Watch.
1 - Use the number of investors and assume a distribution of investment
2 - Use the projected "unit" sales to estimate profit, assume a PE to get market cap, assume price-per share estimate to get # of shares, assume share price to get investor equity.
From Investor Data
Investors have reported that there are approximately 300 of them. The min investment was $1k. Assume that the smallest 80% of the investors put in an average of $2k, and that the largest 20% of the investors put in 80% of the investment. That would provide a low estimate of $3M. If we assume that the smaller investors put in an average of $6k, and that the top investors put in 90% of the investment, and we get $16M. So it's a $3m - $16M scam.
From sales estimates
1 million units per day = 250 per year
Assume $100 profit before tax per "unit". $1000 would be too high. $10 would be too low. So $100.
Now profit before tax = 25 billion per year
Profit after tax = 15 billion per year
Now there is not a lot of growth potential here. The price of energy would fall through the floor accross the board. So we have to use a P/E ration for a low growth industry, not high growth, 8. So the market cap would be $120 billion.
Kelly had told the UFCT investors that the stock would be worth $300 per share before the end of 2003. Since units wont ship till 2004, the stock price would have to go up in 2004 when there are actual sales. Lets say it would be expected to go up to $1000, since that makes the division nice. So there are 120 million shares. They sold for ten cents, so we have $12M in shareholder equity.
Bottom Line
Between 3 and 16 Million. Any more would put them in the same class as actual companies with employees, offices, phones, and spokespeople who will appear in public, such as BLP. They can't be that big. |
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