Local community members are beginning to question the validity of a Texas-based wind energy company after a local news station did a little digging into the company’s specifics. According to the company’s website, their wind farm is located in Elm Springs, Arkansas, but Dragonfly Industries International lists its office address as 2591 Dallas Parkway, Suite 300 in Frisco, Texas.
The contact page shows a picture of the building as well as phone numbers to reach them at, but according to the Fort Smith-area CBS affiliate 5newsonline.com, that’s the exact same address that several temporary office space rental agency’s have listed available for short and long-term office space to rent as well as virtual office spaces.
“When 5NEWS called the number listed of the Dragonfly Industries website the receptionist confirmed she works for an answering service that works with several companies, but would not list the companies citing client privacy,” reporter Zuzanna Sitek wrote.
Though not a crime by any means to participate in virtual office space renting, it does raises questions as to why they would be operating out of a virtual office in Texas when their wind farm, which allegedly has physical office space and operation stations according to their website, is located in Arkansas. It probably doesn’t help that the company’s CEO, Jody Davis, has been convicted of embezzlement before.
The trend of temporary and virtual office space has become popular in recent years. The lease terms are flexible, allowing you to rent for a day, week, month or year+. They are especially useful to the 28 million small businesses in the U.S. that don’t have the financial means or security to commit to a traditional long-term lease.
It could very well be that Dragonfly Industries International simply needed virtual office space and found a deal they liked, but considering the history it’s not a bad idea to keep a close eye on their activity before investing any money into products, services, or stocks from said company.
