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clock Created with Sketch. 30/08/22
16:57
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Originally posted by beaches811:
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Well said there would be no issues and no disgruntled shareholders if we had a reasonable understanding of the companies actual true position which management is careful to ensure that no one has a clear picture of. The majority of the management is old to say the least which means they are likely not technically savvy at all as is evidenced by their complete reliance on third parties for designs this is shown in their outsourcing of anything engineering. So we know they do not have much internal technical know how at all. We do know they got the environmental approval and we do know they are struggling to get Saddle Hills financed and are now trying to make it work by redesigning things to make them more cost effective as per their carefully worded Ann, remember also they have had 18 months prior to this to do all this and about 4 years before that as well. We do know the tech is over 20 years old and patents only last 20 years so the primary patents have expired, we know that no one else has bothered to build anything using the Kalina cycle despite the patents expiring. We know they have not made a single deployment of any Kalina modules in the past 6 years. I have not seen or heard of any test units, not seen anything to do with specifications of the efficiency of any test units or trials that have happened. All they do is make vague claims like, claim to bid on Geothermal projects even though they have no modular geothermal unit that has been announced, claim to be bidding on sands projects even though there is no modular unit for that released, claim they have near term drivers but never define what near term actually means because no dates or deadness exist. etc etc. Never anything concrete to show they have actually made any technical progress at all, its like it does not exist.
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Hey B... You know I do give a few of your posts the thumbs up every now and then, even if they shine a spotlight on the shortcomings of KPO.
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