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Old 12-08-2009, 11:56 AM   #46
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Lucy,

If you have a product that's not a test model, tell us where it's at. On your website blog, you mention that it's part of the Thealby Grange Development and installed. Can we see some images of the installation? If Disenco is so "delighted to be involved in the development" why don't you announce it to the world and not just restrict such important news to a company website? Couple of other things Lucy. If the company is so alive and well, why don't you update your website and take Doug Hunter off the board of directors? Like many before him, he walked. Can you also tell us who is now heading up Disenco North America after his departure? Yup, I think Nap hit it just right - BS. Disenco have been milking investors for years to fund its fairy story. It's a dog of a company with no product, no money and a shareprice that tells the real story.

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Old 12-08-2009, 12:05 PM   #47
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Nap,

Maybe we should contact the utilities they claim to have agreements with and ask them for product data and images of installations. We can also ask why they enter agreements with Disenco with no upfront payments, yet place orders with Ceres with a few million $$$ upfront.
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Old 12-08-2009, 12:15 PM   #48
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http://www.thealbygrangedevelopment....ails.php?id=14

Dammit, the Thealby Grange Development website is down. No way to contact the family behind the development then as the Disenco blog says. How fortunate or unfortunate depending on where you're coming from
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Old 12-08-2009, 01:28 PM   #49
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I've spent enough years working at startup to come to my own opinion based on what little I can find on this product.

1. The product doesnt exist. If it did, there would be TONS of photos of systems in use, many detailed data sheets, lots of personal feedback about how much money it saved them and how they plan to name their first-born Disenco. I dont see any of that. What I see is the typical hype a startup propegates when their board demands progress. They are doing their best to stay alive
2. NDAs are useful in two cases. First: when you are still in development and need to protect your knowledge while working with somebody you HAVE to work with. or second: when the use of your product requires a level of integration that forces your customer to fully understand details that expose your company. Neither of these should apply if the product is ready. Its a power source, not a microprocessor assembly line. I just bought a generator for my house, didnt have to sign an NDA and had tons of details at my fingertips because the generator company gave it freely. i bought a furnace about 10 years ago. Same deal.
3. The whole 'give us a call so we can explain' thing is what you do when the sales and marketing group of your copmany (which often includes senior staff) is all you have. If you dont have a product or data to support a product you tell them to call and hope your smooth talker can keep people happy.

Lucy, the bottom line is that we WANT to be able to buy your product. We WANT it to be real. We really do. We are your future customers in the residential market. But if you lie to us, or misslead us then there is no chance we will use or evangelize your product even if you do eventually bring it to market.

Until and unless I can download a datasheet and/or order by part number your product is just fantasy. If you tell me each installation is custom... fine, but you shoudl still be able to product datasheets.
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Old 12-08-2009, 02:39 PM   #50
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So, product update from a utility. It doesn't work. It rocks, rolls and leaks. Yeah, put it in your kitchen
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Old 12-10-2009, 07:42 AM   #51
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Lucy, we need you to come clean about the Qwatee News Release on Disenco's Website (May 15)

It reads: "According to the terms of the agreement, which is subject to TSX Venture Exchange approval, Qwaee will subscribe for approximately 40,666,667 C Ordinary Shares at a price of CAD$0.15 per C Ordinary Share, for a total investment of USD$5,000,000.

"On or before May 30, 2009, Qwatee will subscribe for an additional 40,666,667 C Ordinary Shares (subject to adjustment based on the exchange rate at closing) at a price of CAD$0.25 per C Ordinary Share, for an aggregate investment of USD$10,000,000."
But in Your MD Analysis for the period ended September 2009, the company reports

"In April 2009 the Company signed an agreement with Qwatee AG Zug of Switzerland for Qwatee to fund the company initially USD$ 5 million at CDN $0.15 per share by May 2 2009 and a further USD $5 million by May 30. To the date hereof Qwatee has not provided any funds."


So, when the Q3 period ended, Qwatee were 4 months late in paying Disenco for its kitchen ready appliance.

More than 2 months on since the Q3 report came out, have they provided the $15 milllion (adjusted)? Or, if not, is it because they since found out you're firing on empty and, likethe utilities, have only an untested prototype to hawk?
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Old 12-10-2009, 09:23 AM   #52
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This has gone beyond any type of Green Home Improvement topic into the financials of a start-up company
That is not what this site is for

When this product is in the marketplace I'd hope to see a new discussion opened about how it works
But not until then

Thanks

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