Message #33 From:
allagher Date: February 22, 2009 03:13:53 PM
News
I recieved this email on Thursday
Dear Shareholder;
NACEL Energy's stock price has declined. This week, Mr. Dan Leach, the Company's former President, has sold a signficant percentage, perhaps nearly all, of the 250,000 shares he received in compensation from NACEL Energy last July, 2008. Mr. Leach resigned from the Company shortly after receiving his 250,000 shares. At the time, the 250,000 shares issued to Mr. Leach were restricted shares, but recently became eligibile for resale. Mr. Leach's reckless liquidation of his shares regrettably places him among the senior executives in America, who demonstrate a callous disregard for the interests of shareholders. Mr. Leach's actions are in stark contrast to the founders of NACEL Energy, and its current management, who have not sold any of their shares since the Company's inception more than two years ago.
We believe the impact of Mr. Leach's selling spree has nearly run its course and we thank all our thousands of shareholders for their continued support and belief in NACEL Energy.
Sincerely,
Murray S. Fleming Director, Shareholder ServicesNACEL Energy Corporation600 17th Street, Suite 2800 SDenver, CO 802021-888-242-5848
