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Fascinating discussion topics on Yahoo Board

There has been a series of discussions on the Yahoo board about the current share structure and the people who own, and potentially influence Neah Power.

Besides Michael Selsman and Shayne Heffernan's skulking about, there is the question of how much of NEAH is owned by the original owners of Growth Mergers, the shell company that NEAH was folded into to become Neah Power Inc. It seems that Charles Arnold and Richard Fixaris (the owner of Summit Trading, the "consulting firm" that just got 1,650,000 shares to offer up PR's and "consult" for NEAH have very checkered pasts and own many the shells that sheltered many other startup companies, some that were accused of stock manipulation. According to most recent annual report, they may own up to or exceeding pre-split 68,616,667 common shares (31.1 %) and 1,250,000 Preferred A shares (which were converted to preferred B shares recently?) which could go a long way to explain the sweetheart deal they got from NEAH recently.

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Article Excerpt:
This has been a wintry market for technology firms large and small. While big firms can afford the help of the bankers and analysts at a Merrill Lynch, some small fry have begun turning to Chuck Arnold, a Florida stock promoter who earned notoriety a couple of years back when he touted stocks like Ivana Trump's Fifth Avenue Channel. While Mr. Arnold encouraged buyers in the shares, folks suspected of selling the stock received visits from unfriendly fellows who were still on probation for organized crimes.
In recent months, Arnold has been back plying his brand of investor relations on behalf of such small tech companies as Commercial Consolidators and Wireless Synergies . Filings by these firms at the Securities and Exchange Commission show them hiring Investor Relations Services, the New Smyrna Beach, Fla., consulting outfit run by Arnold and his chief associate Richard J. Fixaris. The firms also give hundreds of thousands of their shares to a Bahamas corporation controlled by Arnold.
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I am beginning to have reservations about the way things are going at NEAH... too many shares being passed out, not enough news of contracts to follow up on the glowing predictions, the odd choices of where to put their empahsis on new products and alliances with known stock manipulators, and possibly organized crime members. I would appreciate anybody chiming in with more research and opinion... Here are some links I have selected.


Formation of NEAH in 2006 from Growth Mergers...Neah Power Company Shares breakdown
LINK: http://www.secinfo.com/dScj2.v72r.htm

NEAH Power 2007 Annual Report detailing construction of Neah from Growth Mergers
LINK: http://sec.edgar-online.com/neah-power-systems-inc/10ksb-annual-report-small-business-issuers/2007/03/19/Section7.aspx

Most recent Annual Report (2/13/2009) detailing shareholders' details
LINK: http://yahoo.brand.edgar-online.com/DisplayFiling.aspx?dcn=0001144204-09-008267

Summit Trading sub-contractor,Investor Relations Service (same address, owned by same guy, namely Richard Fixaris)
LINK: http://www.invrel.net/main.html?src=http%3A%2F%2Fwww.invrel.net%2Findex2.html

Some of Charles Arnold's questionable actions in 1998
LINK: http://www.citronresearch.com/wp-content/uploads/2007/03/casertabarrons.pdf

Charles Arnold's Stock advice publication:
Personal Investing News
Personal Investing News is a monthly newsletter on mutual funds, growth stocks, asset protection and other related topics.
Frequency: 12xY
Price: $24.95
Organization: Sound Money Investors Inc.
Editor: Carl Surran
Publisher: Charles Arnold
Address: 531 Versailles Dr. 110, Maitland, FL 32751