York is a green power producer with wind power plants 40 mw in Texas
cogeneration at Brooklyn Navy Yard 286mw,Warbasse 38 mw and 225mw in Trinidad. They also have a solar patent to improve electrical power
from large utility plants. Stock is depressed due to $66 million loss
of which $37 million is guaranteed from YORK's 85% formerly owned NAEC
subsidiary.After sale of NAEC YORK 6 month revenues jumped from 6.6 to
17.1 million and eps from .26 loss to .09 profit.
YORK is presently in negotiations with NAEC creditors to offer stock
at higher prices and with sales restrictions to resolve NAEC liability.
If completed this will enable YORK to concentrate on adding additional
green power projects which have been very profitable.Based on present
shares YORK's current book value is estimated at $4 per share. They are also attempting to refinace debt used to finance Trinidad and Texas
projects which have appreceated greatly since built.
When YORK resolves NAEC debt problem they will emerge as pure green energy
producer and be able to develop new projects and they may soon reap
additional revenues from their solar patent to Arizonia utilities which
now has green power tax credits