So many misleading or unfulfilled $CDNL PRs ta
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Posted On: 01/20/2017 2:43:28 PM
Re: islandwide #101
So many misleading or unfulfilled $CDNL PRs
take your pick but you can look at any of them and they are full of hot air and not much else. A lot of the time a later one will contradict a previous one
The only SEC filing in the last 6 months has been to say the Chinese have bailed. Not really inspiring confidence, i hate to say it but the more i dig theless i like.
From May 2015 update
Only the mobile unit installed by the 2nd Kevin was sent as far as i am aware and that was at years end coinciding with the collapse of the Chinese deal, what happened to the other units?
From March 18th update
Wickenburg Arizona: Our integrated services and systems project near Wickenburg Arizona
has been moving steadily forward. As previously reported, this is an on-going revenue
generating contract that includes our services work on environmental permitting, engineering
and mineral evaluations. On the system side of this project is the deployment of two CRB-10
systems for drinking water and process water supply in May-June 2016. Also included is a solar
powered process water treatment and recycling systems scheduled for June-July 2016.
Did this happen? never saw a filing saying the 2 units had been installed, in later update this is now a CRB 40 unit which never got installed as far as i am aware
From March 24th update
Where is that revenue shown? All revenue is shown in our 10Q and 10K filings. We do
not break out the services revenue by customer on the filings. Revenue from systems is
shown by contract because of the revenue recognition rules we us. For HSVW and Vast
Mountain there will be revenue shown in the next 10K and 10Q.
Funny here we are 10 months later and now 10k or 10Q, so no way to see revenue
From the March 31st update
10 months later and nothing
From May 2016 Nigeria update
If you go through any of these updates it becomes apparent it is some Walter Mitty type pipe dream and nothing ever seems to happen.
Not looking like a happy ending to me
take your pick but you can look at any of them and they are full of hot air and not much else. A lot of the time a later one will contradict a previous one
The only SEC filing in the last 6 months has been to say the Chinese have bailed. Not really inspiring confidence, i hate to say it but the more i dig theless i like.
From May 2015 update
Quote:
As a result we will be sending an initial order of three systems, a Mobile Red Bird System, a
CRB-20 and a CRB-40 to the region. Because of the extreme cold temperatures of this region
which split the steel tanks in the existing water treatment system, our Red Bird Systems will be
modified to operate in the -40 degree centigrade range. Because of the time lines involved in
the initial systems will be US manufactured.
Only the mobile unit installed by the 2nd Kevin was sent as far as i am aware and that was at years end coinciding with the collapse of the Chinese deal, what happened to the other units?
From March 18th update
Wickenburg Arizona: Our integrated services and systems project near Wickenburg Arizona
has been moving steadily forward. As previously reported, this is an on-going revenue
generating contract that includes our services work on environmental permitting, engineering
and mineral evaluations. On the system side of this project is the deployment of two CRB-10
systems for drinking water and process water supply in May-June 2016. Also included is a solar
powered process water treatment and recycling systems scheduled for June-July 2016.
Did this happen? never saw a filing saying the 2 units had been installed, in later update this is now a CRB 40 unit which never got installed as far as i am aware
From March 24th update
Where is that revenue shown? All revenue is shown in our 10Q and 10K filings. We do
not break out the services revenue by customer on the filings. Revenue from systems is
shown by contract because of the revenue recognition rules we us. For HSVW and Vast
Mountain there will be revenue shown in the next 10K and 10Q.
Funny here we are 10 months later and now 10k or 10Q, so no way to see revenue
From the March 31st update
Quote:
Today the Company filed a notice that the 10-K Annual Report would be filed within the grace
period allowed by the regulations. Several factors came into play around subsequent events,
specifically the HSVW SPA, and the CAMWATER contract that contributed to the delay. In
addition, I was pulled away from the company on an emergency at the end of the month. We
anticipate filing the 10-K before the upcoming work and meetings in China scheduled for April
11, 2016.
10 months later and nothing
From May 2016 Nigeria update
Quote:Ha ha ha ha, not a single unit so far and no word of when that is likley to happen
Beginning slowly, the target is to still reach 90 system
installations over the next 3 years.
If you go through any of these updates it becomes apparent it is some Walter Mitty type pipe dream and nothing ever seems to happen.
Not looking like a happy ending to me
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