From WheelTug PR:


Gibraltar, 7 January 2015 — WheelTug is excited to announce that Air Transat, Canada’s leading holiday travel airline, will be providing WheelTug with access to an aircraft for development and testing purposes. In return, WheelTug will provide Air Transat with a WheelTug® system for that aircraft. WheelTug will have a platform for certification of the innovative WheelTug system while Air Transat will realize between $1 to $4 million in annual savings for their aircraft’s operation. Those savings will be primarily realized through time, wear, fuel and pushback-related costs.

Keith Lawless, Air Transat’s Senior Director of Business Sustainability and Improvement, explains: “The WheelTug system will provide us with phenomenal operational and environmental advantages. This agreement gives us a unique opportunity to get it on one of our aircraft on a preferential basis.”

Isaiah Cox, CEO of WheelTug plc adds, “We are excited to extend our relationship with Air Transat. They provide their 3 million annual customers with a superb holiday travel experience. We are looking forward to enhancing that experience.”

WheelTug will be meeting with airlines, airports, ground operators and other interested parties at the IATA Taxiing Systems Conference in Miami, 3-4 February.

We inch forward.  And by the way?  Few seem to doubt by now that Borealis, through its subsidiaries, has an electric motor so powerful you can put it inside the nose wheel of a fully loaded commercial jet and drive it around the tarmac like a golf cart.  What is a technological breakthrough like that worth?  Could a tiny version find application in much smaller vehicles like, say, actual golf carts?  Or cars?  And if this impossible technological claim they’ve made has proven real (watch it working, here), is there a chance the claimed technological breakthroughs of its other subsidiaries, like Cool Chips and Power Chips, could one day prove real?

Maybe not, which is why BOREF remains a speculative investment to be made only with money you can truly afford to lose.  (And placing “limit orders” if you buy, because even a very small “market” order can move the price significantly.)

But I believe even more strongly now than I did before 20 airlines were signed up as potential customers and airline-industry legend Bob Crandall had blessed the endeavor that this gamble is worth many times the $45 million at which the market currently values it ($9 times 5 million shares).  Or the $85 million it was valued at a year ago, when the stock was $16.50 (as I argued at the time).


A.C. Dorrance III:  “You didn’t include the Dick Cavett quote.”

☞ Well, if you insist:

CAVETT: … You can piss away valuable hours of your life reading Ayn Rand—her wretched appeal to the young, her wretched writing, her wretched person.

She was supposed to be on my show; I was kind of sorry she wasn’t, because I was kind of laying for her. I did not succumb, as a kid, to being enthused by Ayn Rand, and that sense of power, as every kid was at one time until they outgrew it. The old bag sent over a list of fifteen conditions for appearing with me, or for appearing with anyone, I guess. One of them was, ‘There will be no disagreeing with Ms. Rand’s philosophy.’

GREEN: You’re kidding.

CAVETT: No! I wrote at the bottom of the list, to be sent back to her, “There will be no Ms. Rand, either.”


Bob Fyfe:  “You wrote yesterday:  ‘If you do find time to watch the video, let me know what you think.’  It turns out the the video is most likely a hoax.”

☞ Hmm.  Well, if Joe was right yesterday, that’s what a real homeless man would have done with $100.  Now I’m not so sure.  Or maybe the story was true but they added the liquor store scene thinking — wrongly, in this situation — they should be allowed dramatic licence.



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