IS IT TRUE that it has now been 24 hours since the City County Observer offered Earthcare Energy a free supportive story if they will send us a third party assessment of their proposed technology that was conducted under real operating conditions as set forth in the report from Concurrent Technologies where they recommended to the Air Force that they should conduct such tests if they really wanted to consider implementing a solution utilizing the Langson device to capture step down pressure from gas transmission lines and turning it into electricity?…that we will extend this offer indefinitely as the financial projections in the “Investment Summary” do not even merit being read for anything but consistency until a real world 3rd party validation by a recognized testing company like Concurrent Technologies has been completed and made available to the people of Evansville?…that between our two 4 year universities, a decent number of companies, and wayward engineers who want to see Evansville do the right thing that there really are a fair number of people who will understand such a report?

IS IT TRUE that it seems as though there are six acceptable ideas for what to do about Roberts Stadium that have come from the committee that Mayor Winnecke put together to make a recommendation?…those six ideas were gleaned from 600 submissions that were made by the people of Evansville?…that the wrecking ball advocates will now start raising a ruckus about the cost of keeping it open and demand that the wrecking ball start to swing soon so as to stop wasting money?…that these same wrecking ball advocates were among a small minority who last year wanted to spend $18 Million on 8 ballfields that will have costs associated with them to save the cost of the pumps of Roberts?…that these wrecking ball advocates were completely self serving and disingenuous by putting such a proposition forward?…that aside, whatever happens at Roberts will cost some money?…that these six ideas are hopefully coming before us with a price tag attached to them?…that as long as that price tag is under $18 Million that the wrecking ball advocates will need to shut up about the money as that was what they were planning to spend anyway and get on board with doing something positive with Roberts?…that if the real cost of doing something with Roberts is out in the stratosphere that there is always that wrecking ball option or even the sell to a private investor option?

IS IT TRUE that someday soon the people of Evansville will be able to buy shares of stock in Berry Plastics?…that the folks that have been holding shares of Berry for a long time now will be in a position to sell some of them off at will as Berry is planning an IPO that will make its stock available to trade on a public stock exchange?…there may just be some discretionary funds available to be spent at home when this goes through?

IS IT TRUE that Republican hopeful for President of the United States Rick Santorum last night shocked lots of people by making a statement that voting for Mitt Romney is pretty much like a vote to re-elect Obama as there is little difference in them?…that he said that Romney (like Obama) would be an Etch-a Sketch president changing his views as quick as the picture on an Etch-a-Sketch can be shaken erased and then a new opinion drawn?…that many polls show that the one sure fire way for Republicans to assure the re-election of President Obama is to hand their own nomination to Santorum?…that the Republican candidates are already getting into mudslinging mode that will be reminding us of Barack vs. Hillary 4 years ago when they went at each other’s throats for the Democrat nomination?…that there will be much popcorn consumed if the Etch-a-Sketch comment is any indication of things to come?

IS IT TRUE that the first paragraph in a market validation primer on investing in technology based businesses distributed to universities with tech transfer programs reads as follows;
“Moving technology from the lab to the market is a costly process, and determining which innovations to support with your limited resources is arguably the most critical task for your TTO. Make your investment decisions wisely, and your return on those budget dollars can bring years of financial rewards. But backing technologies that never make it past the drawing board can leave you with poor returns as well as lost confidence among administrators, faculty, and other key stakeholders. That’s why understanding the dynamics of the target market and the target buyer or licensee are vital elements of every assessment.”?

IS IT TRUE that it seems as though there are at least a few people on the Evansville City Council who are taking the verify first approach with respect to supporting a loan from the City of Evansville to Earthcare Energy?…that the document claimed by Earthcare to be a DOD document is not a DOD document at all?…that the Earthcare claims that this document that was subcontracted to a private non-profit to write did seem to verify a potential to harness some lost energy but explicitly recommended a series of tests to verify that the Earthcare proposal was feasible under real world conditions?…that Earthcare Energy has stated in its “Investment Summary” that this testing will be completed by the end of March which is now only 9 days away?…that to make an affirmative decision to make this loan before a third party test of the technical solution has been issued will take the prize of the decade for taking an unnecessary risk with the people of Evansville’s money?…that taking such a risk will be exactly 6 times more risky that anything that the Weinzapfel Administration did down at the McCurdy or with the hotel that never happened?

IS IT TRUE that the “Investment Summary” while being a decent start at a business plan fails to address the potential for future competition and to delineate the non-existing barriers to entering this market with a different solution?…that the “Investment Summary” calls for the sale of $10 Million of stock and taking on debt of $34 Million before reaching the 38th month that is called for as the first breakeven point?…that in terms of business plans this one has been released quite prematurely and as a private placement memorandum (private stock sale required document) it is not even a decent start?…that Earthcare may someday have a proven prototype, a comprehensive business plan, and a real PPM, but right now the people of Evansville have not been shown any of those things?…that until these things are made public the Evansville City Council should defer this vote and if these things take more than 60 days to complete the Council should forget about this and find another contestant in their game of municipal SHARK TANK?

IS IT TRUE that one of the things that has to be in a PPM is a form to be filled out that every investor states that they are an “ACCREDITED INVESTOR”?…that this is government speak that means either “I earn at least $200,000 per year OR have a net worth of $1 Million excluding my personal residence”?…that some of the people who have recommended that the City of Evansville loan $5 Million to a start-up that has yet to show that their technology is proven meet the criteria to be an “ACCREDITED INVESTOR”?…that we wonder if any of these “ACCREDITED INVESTORS” have subscribed to any of the shares that Earthcare Energy is proposing to sell during their first year of operation?…that it would speak volumes about their real belief and confidence in this company if the entire $10 Million private offering were being purchased by local people of wealth who have been pushing the City of Evansville to be a bank?…that no one will ever confuse the Evansville City Council with the Silicon Valley Bank?…that one of these places has the experience and knowledge in place to make decisions with respect to start-ups and the other unfortunately does not?…that maybe a loan committee should be formed to evaluate whatever “loan application” that Earthcare may have submitted to GAGE?