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jonesieatl

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jonesieatl

Re: jonesieatl post# 626

Tuesday, 05/20/2008 6:24:11 PM

Tuesday, May 20, 2008 6:24:11 PM

Post# of 853
.<font color=red>POTENTIAL NEW CLIENT : HYEG

From their recent 10-Q

http://www.sec.gov/Archives/edgar/data/1272703/000114420408031204/v115325_10q.htm

"On April 11, 2008, we entered into a Standby Equity Distribution Agreement with YA Global, which provides us the opportunity to access additional capital in the maximum amount of Four Million Dollars ($4,000,000) in increments not to exceed $350,000 each. We will have access to these funds over a two-year period beginning on the date on which the SEC first declares effective the registration statement to which this Prospectus is made a part, registering the resale of our shares by the YA Global. We plan to access the SEDA funds in August and will only access the SEDA funds thereafter to the extent necessary."

From the recent S-1:

http://www.sec.gov/Archives/edgar/data/1272703/000114420408031091/v115179_s1.htm

"This Prospectus relates to the resale by a selling stockholder of up to 3,289,135 shares of the common stock, par value $0.001 per share (“Common Stock”) of Hydrogen Engine Center, Inc., a Nevada corporation (the “Company”, “us”, “we” or “our”). The Company is not selling any shares of Common Stock in this offering and therefore, will not receive any proceeds from this offering. However, the Company will receive ninety-three percent (93%) of the proceeds from the sale of its Common Stock under a Standby Equity Distribution Agreement (the “SEDA”), dated April 11, 2008, by and between the Company and YA Global Investments, L.P. (f/k/a Cornell Capital Partners, L.P. and hereinafter, “YA Global” or the “Selling Stockholder”). YA Global will retain seven percent (7%) of the proceeds raised under the SEDA."

Worth noting:

"On April 29, 2008, the last reported sale price of the Common Stock was $0.48 per share."

jonesie

Yorkville / Cornell Tracking Board #board-9964


"I can think of no more valuable commodity than information"

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