Archive for June 11th, 2009

Official FUEL Trailer (2008)

Sundance Winner.   http://thefuelfilm.com/

more about “Official FUEL Trailer (2008)“, posted with vodpod

1 Comment

GM Blog. A potential green story. Let’s hear from the workers.

 

What I would like to see is workers designing and building new green cars and trucks. That is the GM Blog I want to be a part of and support.

http://fastlane.gmblogs.com/archives/2009/06/im_not_ambivalent_about_ambivalence.html

2 Comments

NRDC.org, Onearth.org, & TERI.org

http://www.onearth.org/article/india-enlightened

Solar Lantern cost to much but could be rented for less than current sources. How do you reduce the cost of the lantern?

Leave a Comment

DayStar Technologies: DSTI

DayStar Technologies: DSTI

 

From the 3/31 Q 
      Liquidity and Future Operations:            

The Company’s financial statements for the year ended December 31, 2008 and for the three months ended March 31, 2009 have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. The Company is in the development stage, and as such, has historically reported net losses, including a net loss of $7.7 million for the three months ended March 31, 2009. The Company anticipates it will continue to incur losses in the future as it commercializes its product. As noted herein, as a result of the Company’s current liquidity, there is substantial doubt as to its ability to continue as a going concern.

Commercialization efforts, including the completion and ramp-up of the Company’s initial module production line requires significant additional capital expenditures as well as associated continued development and administrative costs. In order to continue operations, including its development efforts utilizing its pre-production line, fully build-out its initial manufacturing line and commence commercial shipments of its product, the Company requires immediate and substantial additional capital beyond its current cash on hand. In order to address its financing needs, the Company has engaged a financial advisor to assist in securing a relationship with appropriate strategic investors or partners that can provide the funding necessary to continue the Company’s operations. To date, the Company has been unable to raise additional capital or complete an agreement with an investor or strategic partner. Although the Company continues to seek strategic investors or partners, in light of its current cash position, the Company may in the near term be forced to substantially curtail operations, file a voluntary petition for reorganization under the United States Bankruptcy Code, liquidate assets, and/or pursue other such actions that could adversely affect future operations. Given current market conditions and available opportunities, there is substantial doubt as to the Company’s ability to complete a financing in the time frame required to remain in operation. A wide variety of factors relating to the Company and external conditions could adversely affect its ability to secure additional funding and the terms of any funding that it secures.

 

P/s & P/B should mean something at some point in the long equation.

 

 

Leave a Comment

Follow

Get every new post delivered to your Inbox.