re: i want an invite to the 0c party...lyns From Wasabi Energy...

re: i want an invite to the 0c party...lyns From Wasabi Energy Ltd (WAS) qrtly report.....

"Exergy Inc. Investment
Wasabi currently owns approximately 46% of the common stock and 100% of the preferential stock
in Exergy Inc. (“Exergy”). Wasabi also holds outstanding promissory notes in Exergy of
US$682,924. Exergy is a California-based energy technology corporation that owns the Kalina Cycle
technology, a patented process that significantly improves the efficiency of conversion of heat to
power for generation of electricity from low temperature geothermal and waste heat.
Wasabi advanced US$1.2 million to Amp Recurrent LLC on behalf of Exergy during the quarter.
Amp Recurrent had advanced funds of US$500,000 plus interest at the rate of 5% per annum to
Exergy, together with additional funding to maintain Exergy’s extensive worldwide patent portfolio.
This advance became payable as a result of a definitive merger entered into between Amp Recurrent
and Raser Technologies, a listed US based energy technology company. Wasabi has advanced the
funds on behalf of Exergy pursuant to an existing revolving credit note agreement with Exergy. The
balance of the advance accrues interest at the rate of 6% per annum. The revolving credit note is
secured against certain patents held by Exergy.
Wasabi is continuing to work to realise a suitable return on the Exergy investment"


And lo and behold, Tim Wise is a director of WAS - must be related to Ron Wise. Enough to keep me away from it.

Can you beleive that CAG was once over 70c? Contracts and hundreds of $millions were just around the corner Ron said over and over and over, and to this day CAG has no income. Makes one very sceptical of the truthfulness and value of Company Annoucements. CAGs were a joke. IMO of course.

Nick D