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BBVA Banco Francés S.A. Message Board

charlesjjkelley 1 post  |  Last Activity: Jul 7, 2016 11:00 AM Member since: Jul 11, 2002
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    the only profitable solar company...

    by option_flyer Jul 2, 2016 3:08 PM
    charlesjjkelley charlesjjkelley Jul 7, 2016 11:00 AM Flag

    Just wait until the "proven reserves" can't pass the new proof test. Reserves aren't "proven" unless they can be extracted at a profit in the next five years. Profits are pretty slim lately. Lots of big and small bank-loans are based on "proven reserves". That's why we have had such an explosion in proven reserves lately. Frackers and drillers can't get a bank loan unless they have "proven reserves".
    So which is better government supporting solar or the banks loaning on the collateral of "fraudulent" reserves. Methinks the banks will lose your money faster than the government. The solar panels will still be producing electricity while the holes in the ground will be closed, because there won't be any profits in them.

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