I would assume some of them must have toured the SETS manufacturing facility. But reading this where that might be is unclear to me. CPST did say SETS was an OEM, RIGHT?
Maybe the share price is taking a beating because the OEM some were considering was ....like.... A truck maker.....or say, Ford..... and the investors are a little disappointed? Just a guess. If SETS does not make stuff it could make CPST management seem stupid or.....??? I would like to see where they make the stuff.
But not to worry, it's BONUS TIME!!! Still losing money and projected to lose more. I'd kill the bonuses for these managers until they prove they can make a profit. It's in the hands of the comp committee. Let's see if they have shareholder interest at heart. Enough with the GIMME--GIMME---GIMME! How long they been running the Company? Four years? They get a salary to make progress. IMO bonuses and stock options are to be awarded after progress produces....PROFIT!!
Your an idiot... from last quarter's conference call:
"Capstone will hopefully finalize negotiations with one of our two potential automotive partners on developing an automotive version of our C30 product."
Bashers always distort facts.
Phew!! I thought you were my wife. But then I remember she always calls me a stupid idiot!
"Bashers always distort facts."
and I find it hard to call "hopefully finalize negotiations" a chisled in stone "fact".
I'm long, holding and trading and my point is, if and when they announce an automotive partner it should have a more positive effect than the SET agreement. So I guess we somewhat agree. Automotive=Good.
There are no products being mfgred by SETS at this time as far as I can see and no real estate property of any kind, never mind factories. Looks like they are cobbling together OPT - other people's technology, but only on paper and in theory. Capstone will purportedly be one of several OEMs in this arrangement, not the other way around. BTW SETS is the third or fourth reinvention of this shell corporation and has next to zero money behind it according to Yahoo. At one time it was a juice company. These people have been running one investment scam after another for yrs IMO. Check out the BOD members' ties to the Vietnam Opportunity Fund among others. I have no idea why Crouse got in bed with them. They have no track record as an electrical equipment manufacturer. Why do something as odd as this just as Cappy's about to break out and flourish?
The new C370 design is a brilliant new product that by my calcs will give them a single unit with 1000 amp output at 208 volts 3 ph or 400 amps at 480 volts 3 ph, singles or multiples of which are commonly employed in the electrical distribution industry. The C370 is also a solution to getting out from under the previous commitment with UTC regarding the C200. It could force UTC/Carrier to decide whether they truly want a working relationship with Capstone, it will give Capstone a big advantage in widening their offerings and reducing costs and improving efficiencies, and it provides an in with the DOE. Still, it could take almost ten yrs to come to fruition. I assume this is why they hired Gleason; he appears to be the perfect man to front the C370 program. IMO they should dump SETS as fast as they picked them up. If anyone has any hard facts to contradict my personal take I'd like to hear it.
Re: "Maybe the share price is taking a beating because the OEM some were considering was ....like.... A truck maker.....or say, Ford..... and the investors are a little disappointed?"
Why would anyone be disappointed at the SETS PR? Capstone has said that they are close to closing a deal (possibly 2) with Fortune 500 drive train manufacture(s). One could be announced at any time (as per what was said at the last CC). You either believe the Capstone exec's or you don't. Anyone selling now obviously does not! The SETS news is not like it replaces the hoped for drive train deal or anything! It has nothing to do it. It's a new business partner and the fact that SETS initiated this deal with a first order means they are series about things. Capstone current markets are growing every quarter (and they have been every quarter now for a couple years). Deals like the SETS one is why. On top of that, the chance of a drive train deal at any time (a true game changer) is still here.
First...-- Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST - News) has signed an OEM agreement with Sustainable Environmental Technologies Corp (SET Corp) (OTCQB:SETS)
Capstone has received its first order from SET Corp and will supply microturbines and accessories used in the manufacture of SET Corp's high efficiency MultiGen cooling, heating, power and water generation systems.
"used in the manufacture of SET Corp's high efficiency MultiGen cooling, heating, power and water generation systems."
Who is going to manufacture the MultiGen if not SET?
So let me rephrase the question. Where is the MultiGen going to be produced and when will they take deliver of the order that CPST pr'd?