Marketcap of 225 million and 100 million in cash on the bank.
When GE, Dominion, or ?? is interested to buy a complete technology with a market of more then 10 billion a year one should place a takeover bid now. Ramp up production to 150MW and sell worldwide at grid price and you have a hugh new industry. Who is gonna do it?? It is like cellphones, PC and all new industries, mass production will
make the product available for everybody.
This 38 million debt offering is for growth, there are some orders around te corner or they have to develop something. My guess is that you will hear news from the company within a couple of weeks.
Buy buyout is best for all of us and for a clean world. Deep pockets should roll this out around the wold.