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Message: Re: Ready to rock!

Oct 23, 2007 08:07AM
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Oct 23, 2007 06:46PM
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Oct 24, 2007 04:32AM

With all due respect, I'm one of those dreadful short-term investors (7 months) who could have just sat on the shares I bought at 4.5c, sold 2 weeks ago and made a tidy profit. I have sold a single share yet so I haven't shown a profit. I bought more all the way to 20c because of my DD and belief in the company/product/market. I 'averaged-up. The long-term shareholders bought in the outset (where the opportunity for true DD was very limited) at the IPO price and down, and they have hopefully 'averaged-down'. My average is slighty below where we are now and I am told by others that most 'longs' are within sight of break-even, 50c would certainly cover most instances from what I understand. Tough as it may seem right now with the UBS nonsense, I truly believe that we are in a position to see most longs cover very soon.

I'm in this for the long-haul, so I'm not selling at 50c, 75c or a $1. When we hit these epic 'price-points' there will be floods of shares appear for sale (IMO) and that will create walls just like we have right now, albeit more sensible plays that 500 & 1000 batches dumped on the bid at close. It is easy to see why the longs will possibly see these financial landmarks as exit points given the jaded history. The history is what it is and can't be changed but it does give a great point of reference for the future. I attended the AGM and here is what I see as improvements since that day and what is outstanding:

Communication: Great improvement in frequency, content, transparency and factuality.

Management: Well, it's not just Tom calling the shots now (I have been reminded that he has final call) but there seems to be more focus now and they are moving forward. Great improvement.

Sales: Over 200 units comfirmed in one order plus other contracts pending - looking good.

Distribution: Expanding weekly.

Exposure/NRs: News is now hitting most media sites as it is released and positive PR is sometimes forthcoming. And IR firm would see that this is handled much more efficiently and the company need to get this in place ASAP.

Website: Still not available apart from the current page with photos. Apparently available next week at the latest, fully functional.

Advisory Board: Soon to be announced - apparently. Industry vetrans, experts in engineering, business etc........

Financials: Debenture resolved, debts reduced, interest reduced. Operational overheads covered by the JHK contract, expansion of this contract could significantly increase stead-state cashflow (money for nothing almost). We are in a great position with sales revenue in Q3 and Q4. WIP is being converted to AR.

Production: Has been ramped-up to fill current orders with recruitment and training ongoing.

Development: Minor issues have been dealt with to cover compatibilty with newer engines (apparently). Smaller units in the pipeline (as per The Neighbourhood Mechanic Show).

Approvals: Still waiting on the carbon-credit issues but the government is involved so it's bound to be slow. EPA results due soon and if we can get a 1998 engine to 2014 emmision standards ("Not only are we getting the emissions (level) for 2014, we're using 1998 engines," Controller Dan English said - see "Equity Transport" post Oct 22nd) we should see positive approval. This would be so major all shareholders should see positive portfolio value!

Best leave it there, this has turned into a long post! Thanks for reading, just my persepctive from the 'newbie' shareholder side.

GLTA, we're on the move IMHO.

1
Oct 24, 2007 05:59AM

Oct 24, 2007 06:36AM
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Oct 24, 2007 06:38AM
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