Kursziele von Focus-money sind IMHO ziemlich irrelevant. Auch bessere Leute tun sich schwer, WWAT und das Potenzial realistisch einzuschätzen (differenziert nach theoretischem, technischem und Martktpotenzial und den Chancen und Quoten, die davon zu realisieren sind. (siehe punkt 9 und 10 der Notizenliste unten) Ich hätte mir insgesamt etwas mehr "Butter bei die Fische" gewünscht, speziell zur Entech-Übernahme wäre was fällig. Trotzdem insgesamt sehr positive Aussagen und besonders die Anzahl und der Umfang der laufenden Bids haben mich positiv überrascht. hier erst mal die Präsentation von QK von gestern: http://www.worldwater.com/PDFdocuments/WW&ST_2007_Annual%20Shareholder_Meeting_Presentation.pdf und dann noch einige Notizen eines Teilnehmers (entliehen aus Yahoo) 1. There will be a "Special Meeting" in July to do what could not be done today because the company did not have a quorum. They were 10 million shares "short" because of a technical glitch (my undereducated opinion) apparently caused by holding back the 10K when the proxy was mailed. The 10K was held back to remove the "going concern" language. The language was removed. So, we have what we here in New Jersey call a "do over" at the request of their servicing agent, ADP.. Returns of stock voted showed approximately 90 percent in favor vs. 10 % negative. 2. QK said we face 2 crisis: energy and water. At this point in time, the primary focus has been on the energy crisis while the water crisis has not been fully recognized. QK reiterated what he said in the Jeffries presentation that in 2, 3 or 4 years, "water will be what energy is today". Of course, WWAT is uniquely positioned to offer solutions in both areas. 3. QK said they are adding engineers, project managers and contractors every week to keep up with business as it is ramped up. 4. One of WWAT's strategic partners is NAI Global. NAI brings 3000 - 4000 sales people in 400 cities around the world with 100's of millions of square feet in roof tops and parking lots... all potential consumers of WWAT's services and products. 5. There will be a meeting in July of all "airport managers" to see WWAT's solar arrays. 6. In the past there were fears that solar arrays would "blind" pilots with bright reflections. This is an unfounded fear because array panels absorb light instead of reflecting light. 7. WWAT held meetings with two major buildings' managers in the New York area. QK said "what we can supply, no one else can supply to them". 8. Ten percent of all energy in California is used to pump water. WWAT is one of two preferred suppliers. Powerlight is the other and WWAT's main competitor. QK said Powerlight cannot do what we do.... 9. In California alone, there is the potential of 5000 megawatts. In the next 24 months, WWAT's aim/goals are to go after 25 systems worth $150 million. Thereafter, their aim/goal is to after 75 more systems worth another $450 million...and, this is just in California. 10. QK discussed "PPA's". QK said WWAT developed PPA's for project financing for WWAT's clients. This is another advantage that WWAT has over other companies. QK said we have large pools of money available. There are 4 PPA's in particular at this time. This allows WWAT to bid on multi megawatt jobs NOW... QK said they have a 15 megawatt bid out there right now... and they have another 2, 3 or 4 FIFTY megawatt bids out there... QK said they have bid on a $100 - $250 million dollar job with "Site Global"(Phonetic spelling) ... "our big brother". As cash flow improves, there wil be a point when WWAT can bid those large jobs without "Site Global". 11. I have no personal doubt that Entech is a "done deal" but for the final exchage of money and stock after the company is authorised by shareholders to raise the number of shares to 400 million. The delay does not bother me. Sure, I'd like to see it finalized, but I appreciate the fact that sometimes we have to wait for good things in life... When questioned about Entech, I believe that QK said something that they are in the final stages...or words to that effect. Reading between the lines, it seems to me that additional shares will put the ink on the contract. QK described the relationship of WWAT, Emcore and Entech as being a three legged stool. QK said "We work very close with Entech.... that Entech's optical lenses applied with Emcore and our technology... we will be able to opperate...for large communities..." or words to that effect. (I wish this meeting was recorded) QK also said they bid now with contemplation of Entech.... 12. QK discussed WWAT being in a period where they are moving away from small jobs, and segwaying into larger jobs. 13. We will see Fresno Airport money in Q3 & Q4 this year. I do not know what percentage QK was talking about. 14. Today's gross margins are 15% to 20%. WWAT's goal is to raise gross margins to 25% to 30%. Their margins will do better when they use Emcore and Entech concentrators. 15. QK said WWAT now has a "Blue Chip Accounting Department". 16. WWAT has outgrown its 12,000 square foot office space with an annex building, and will move into a building in Ewing New Jersey with 30,000 square feet out of 150,000 square feet...potential to continue to expand on site at the new building...???? Emcore's R&D to share space with WWAT as part of the 30,000 square feet. 17. QK said they have a great relationship with an investment bank that will raise money for WWAT. 18. QK said they plan to move to the Nasdaq, probably to the "small caps". The plan to move to the Nasdaq is because of increased dialogue with institutional investors. 19 On display outside in front of the clubhouse was a "MobileMax" portable solar powered water pump... Look at WWAT's website to see its picture and specs. I believe this is the same or similar unit that was donated/loaned to Katrina relief workers in September 2005. I asked one of the WWAT employees at the unit why the US Government has not purchased a number of these units for responding to future emergencies. He said it has taken a year and a half to get approvals from the government to be a vendor to sell to the government... He said they should be approved in another two weeks... It sure would be nice to see thousands of these units around the country to cope with power and water issues after hurricanes, tornados and other natural disasters..... Also, how about thousands of these units for our troops around the world... 20. Finally, an observation... The people of WWAT seem to be true professionals. I was pleased to meet some of them today. I am impressed with them, their resumes and the feeling of confidence they conveyed to me. in diesem Sinne allen ein schönes Wochenende,
Nussriegel 
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