Budgeting … Google Finance. Or why such qualifying words like “my instinct says” are included in a sales pitch.There was no basis in fact for Thunderbird and its officers to make any claimsThere was a lot of wind behind their turbines, but not in a good way. Finance. Money Management Template by vertex42.com demo video (3 min) Budget Calculator (Online) and Budget Calculator (Excel) by Financial Consumer Agency of Canada . The company simply could not allow that to happen and had no choice but to sell off several assets to build $2 billion in equity.The next issue of Top Stories Newsletter will soon be in your inbox.“There’s no growth in utilities — it’s a cap rate play,” said Clark. Canadian Utilities Ltd, a subsidiary of holding company Atco, offers gas and electricity services. “So as rates go down, that income is worth more.”Since the beginning of January, the Solactive Equal Weight Canada Utilities Index has grown by more than 18 per cent to 201.15 points from 170.20. He has been president of Thunderbird since May 2015, it says.Such conceit is easy if, as U.S. federal authorities allege, there is no need to have a successful product before making out-sized claims and selling investments in it.Siemens, in fact, had not laid eyes on a PowerStack turbine let alone tested one; the company only did number crunching of conceptual data Thunderbird gave it, according to the SEC.Thunderbird claimed to have developed the world’s most energy-efficient power generating technology, a special wind turbine called “the PowerStack.”Thunderbird’s president, Anthony Goldstein, of Pickering, just east of Toronto, and John Alexander van Arem, 62, who goes by the first name “Lex” and lives in Toronto, listed as a consultant, were charged together with Thunderbird’s CEO, Richard Hinds, 67, of Arizona.Among the claims the SEC said are false or misleading is that Siemens, a huge, internationally known engineering company, had “confirmed that the PowerStack extracts more kinetic energy from wind than any other wind turbine technology on the market.”The scientist who thought up the PowerStack idea previously worked with Goldstein and van Arem at another company and introduced them to Hinds, court documents say.According to the complaint, Hinds, Goldstein, and van Arem misappropriated nearly US$850,000 — more than 40 per cent of investor funds — to enrich themselves and pay the sales agents to seek out more unsuspecting investors.The two Canadians then retained, supervised and paid a nationwide network of sales agents to email and cold-call prospective investors using false claims to elicit investments, the SEC alleged.Goldstein’s age is not given in the SEC’s documents filed in court.A message left at Thunderbird’s phone number, on which a recorded message said calls were returned within one hour during the business day, was not returned prior to publication. Utilities typically offer investors stable and consistent dividends, coupled with less price volatility relative to the overall equity markets. Opinion. 1-800-668-5506. Google has many special features to help you find exactly what you're looking for. Please try againBy October 2018, the company had raised almost US$2 million from at least 60 investors. Google Personal Templates has both annual and monthly budget templates (choose one of those). CU generates 95% of sales from regulated utilities, while the rest come from contracted assets. How to Use the GoogleFinance Function in Google Sheets. Construction is not expected to begin until the second-half of 2020, but when it does, McCoubrey expects the stock to bounce.These days these stocks are widely outpacing the TSXYes, investors are making a play on interest rates plunging in the future, said Veritas Investment Research analyst Darryl McCoubrey, and that’s helped return the sector to prominence, but such a recovery would not have been possible had several companies not spent the majority of 2018 attempting to vindicate themselves.“I think you still want to be long safe income going forward but don’t expect the returns you received to be the same going to forward,” Clark said. Unauthorized distribution, transmission or republication strictly prohibited.Sign up to receive the daily top stories from the National Post, a division of Postmedia Network Inc.Two Canadians claiming to have developed unprecedented utility-grade wind farm turbines told investors their technology was so hot their company could be the next Google, Amazon or Facebook.The investment activity spanned at least from August 2016 through to October 2018, the SEC said.There was a lot of wind behind their turbines, but not in a good way.