Environmentally friendly locomotive called the Green Goat. Great product. Had trouble manufacturing through outsourcing but now have it in-house. Wait to see if it turns around. Some competition. Very speculative.
Have special energy efficient technology for locomotives. Did well on the story, but the company failed completely to deliver on any kind of expectations.
Loved the company 2 years ago. Had great technology, green power on locomotives. Signed a lot of contracts and then couldn't build them. Ran out of money and the Teachers Pension Fund gave them enough to survive. It will be a long time before they make any money.
Almost went bankrupt. They are trying to get an electronic version for the rail lines. Had high debts and were burning a lot of cash. Were losing money on their first 2 projects. Recently found some financing with convertible debts from Teachers. Needs to see some contracts being signed.
Changing power systems of rail changers. Technology has been good but weren't able to make any profits. Have been selling at a loss. Trying to restructure and now that they have a financing in place they possibly can be more successful in getting sales. Would like to see some sales ramp up.
Amazing how companies can lose so much money and stay in business. Teacher Pension has moved in with a lot of money twice otherwise the company would be toast. If you are looking for a long-term, relatively speculative play, this might be for you.
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There is not too much company specific. It is trading in line with gold generally.