IS IT TRUE May 4, 2012
IS IT TRUE that 3rd Ward City Councilwoman Stephanie Riley tossed cold water onto the plans of the never vet, rush to vote, and now rush to fund crowd with respect to the Earthcare Energy loan?…that the people of Evansville are lining up in support of Councilwoman Riley’s courageous call to put a fork in this deal over material misrepresentation, withheld material information, a record of failure, and the obstinate way that a small number of people in authority have dug their heels in to protect this monumental mistake?…that as of the time of this writing there have been 125 comments posted between the CP and the CCO and that there IS NOT EVEN ONE COMMUNITY COMMENT IN FAVOR OF MAKING THIS LOAN?…that some members of the Evansville City Council are digging their heels in very vocally with the argument to “STAND BY THE VOTE AND MOVE ONâ€?…that such a statement is one of the most incredibly ignorant things ever uttered by members of any City Council
IS IT TRUE that the three most vocal are Connie Robinson, Missy Mosby, and Jonathan Weaver?…that both Weaver and Mosby have dabbled in real estate and know full well that a bad deal will not go through the vetting process of a home inspection and a loan process?…that if Weaver and Mosby think that if mold is found in the basement and a leak is found in the roof after the contract is signed that there will be changes to the contract to accommodate those new pieces of information?…that if they do not know that then they are as misinformed in the world of real estate as they are as City Council members voting on making a loan?…that Robinson is a businesswoman and knows that deals change when new information is available all of the time?…that it is time for Councilwomen Mosby and Robinson along with Councilman Weaver to have a “coming to Jesus†meeting with their constituents regarding the Earthcare Energy loan?…it is time for these lazy voters who must be dancing to some puppet master’s cadence to reverse their position and prepare for life beyond elected office?…that what needs to happen is that these three elected officials need to MOVE ON?
IS IT TRUE that GAGE president Debbie Dewey needs to send Councilwoman Riley a month of her salary?…that Councilwoman Riley did Dewey’s job for her while raising 4 children, sitting on City Council, and holding a full time job as an attorney?…that just as a reminder the things that Councilwoman Riley discovered during her vetting process are that among the management team of Earthcare Energy that there are bankruptcies, failed companies, over $2.2 Million of tax liens, an arrest, and no experience to speak of running a start-up technology company?…that anyone who thinks that is not material information to making this loan is either completely incompetent or has consumed so much of the Earthcare Kool-Aid that they have no business being a part of the process?…that we must wonder if Ms. Dewey did her job and knew all of these things and withheld this information or if she neglected her duty to vet and was surprised when Councilwoman Riley’s article came out yesterday?…that either way the vetting that was made available to the City Council prior to the infamous vote was grossly incompetent?…that this deal needs to be revisited using Councilwoman Riley’s information along with information from other sources that has not yet been revealed?
IS IT TRUE that the statements that Earthcare has no competition made by the founders of Earthcare and repeated by Ms. Dewey are also either blatantly false or incredibly naïve?…that there are as Councilwoman Riley pointed out a number of companies with a long history of competing in the gas letdown business with turbo expanders?…that the turbo expanders have on inlet for a high pressure gas stream, one outlet for a low pressure gas stream, and a generator that produces electricity?…that these devices do the EXACT SAME THING but do it in a slightly different way?…that the statements made by Haney and Dewey make about as much sense as saying that an SUV does not compete with an automobile for market share?…that Langson devices have been marketed by multiple companies for over 2 years without a single sale?…that maybe there is really no market for this device which essentially makes the competition moot?
Finally, IS IT TRUE that the published World Headquarters of Earthcare Energy is rental mail box #132 in a PostNet packing and shipping center in Humble, TX?…that it sits between a Starbucks and a Radio Shack?…that given all of Councilwoman Riley’s findings that people are beginning to wonder if there is any qualification procedure to get a $4.8 Million loan from the City of Evansville?…that it seems like the only qualification that is consistent with other credit qualifications is a pulse and a fantastic piece of fiction?