-->G<-- and his compatriot PFujimoto.
First, the good news. Zenn's management has been fighting over how to best maximize their EEStor investment. We would all be in big trouble if Zenn's enterprise weren't serious enough to occasionally generate this kind of situation. My partial first clue that this was going on was the distinct lack of communication from Zenn to the public for the year leading up to this AGM: very strange indeed for a little company who seemed to be in every newspaper, magazine and television program in North America the year prior.
Now the bad news. Zenn's management has been fighting over how to best maximize their EEStor investment. Even though it's also good news, it represents a risk of uncertainty that no one following EEStor wants to see. What is the bone of contention? Most importantly, what caused new board member Roger Hammock to become involved is the burn rate at Zenn and not understanding what exactly the money is being spent upon there. Hammock & his business partner own over 1 million shares of Zenn and as he mentioned recently, he has visited EEStor. In plain English, investors like Hammock worry that Zenn is spending money too rapidly requiring a new round of financing which would dilute the value of shares owned by fellows like Hammock. It's typically easy to have conversations about such things but when one of the parties shows up with an army of attorneys threatening a proxy fight, there's more than a small disconnect in force.
Thursday, March 24, 2011
Young Dick Weir receives first clue
from God concerning energy storage.
|Dr. Pettey hand modeling paramagnetic|
& paraelectric properties.
Wednesday, March 23, 2011
Personally, I definitely believe there are sufficient motivations out there to bash EEStor for a variety of competing interests. I have my own pet theories about who may be gaming the system but I don't put a lot of stock in them. One of the more intriguing possibilities is whether it would be worthwhile for a government to play a role in manipulating EEStor's image. I doubt it but can't rule it out. If you google it a bit, you'll find ample evidence that China employs sock puppets to control opinion about the Chinese communist party. But now we know too that they are not alone in this as the US Dept of Defense has apparently invested in some technology that makes it easier to create sock puppets and control them from a central place. The story appears to have been broke originally by the Guardian.
As for the various EEStor doubters who have made it their life mission to trash EEStor, I doubt any of them are compensated for their work. I think what we see there is mostly disgruntled former Zenn investors hell bent on making current Zenn investors pay.
What's your sock puppet theory, Mr. Sock Puppet?
Posted by b at 11:29 AM
Thursday, March 10, 2011
|James E. Kofman|
Inbound board members include long time M&A expert James Kofman, well known Canadian TV personality & journalist Allan Gregg and Roger Hammock, a Zenn shareholder possessing over 1mil shares of Zenn stock.
|Image: Starships.com? WT?|
Any way, you probably miss your friends at TheEEStory so go ahead and make use of the comment section to talk to your buddies OLD SCHOOL style. Remember the early days on this blog when Y_Po would post like 85 comments in a day and battle Steve and others? Wow. What a long time we've been sitting around waiting for Godot.
UPDATE: Site is back up!