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I added 41k today. Mean price for all purchases now .0158. I be happy.
Yeah. I sold about .146
Buy another $100 at .005?
What will be the next thing that they will work on?
Yes, I have a bunch but won't say how much. I plan to keep adding to holdings depending on intuitive hunches. I too think we will see some pops soon, but the big jumps will start in the fall...September, October, November, December. I think it will go up even more in 2022 so I won't sell all holdings late this year. I see $3+ late this year and possibly $5 in 2022. I find this company exciting with incredible potential.
Nice! It's sounding like you're rolling pretty heavy.
I am hopeful that we get that next level news some time in the next 2 months. I think it will happen. The company has been too calculated and quiet here in the last 6 weeks.
Added another 30K today. Holding long. Mean at just over .014.
No hard feelings . Good luck in your trading .
Stay safe out there >> M
I'm sorry that you look at it that way. I am glad for you that you were able to get out of this stock in time. It is clear that you were not comfortable with the practices you felt were and currently are illogically taking place.
Fair enough! I can appreciate folks who are trying to look out for others. I would want someone to tell me if there were things going on such as 'Pink - No Information' stocks not being able to be traded on some platforms after September.
I think it is just a natural, and hopefully understandable, response to defend my decision if there are folks that show up to flow negative feelings or information when the feelings road is already rough. Not so much for me, because my mind is made up, I am in this for the very long haul. But I do want new investors not to be easily scared away because bad decisions or occurrences happened 10 years ago.
To wave my white flag on the de-listing item, you were correct that they were not on the NASDAQ or NYSE, but they were once on the OTCBB based on the document that you referenced, which is where they are now trying to get back to. They were bumped to Pinks about a year or so after that reverse split. So I concede that item, never to be mentioned again as them having been on the NASDAQ.
LOL . Taking it from one pocket and putting it in another does not get rid of it ... Again ... LOL
You can do better than that. You guys are throwing lots of things at me and requiring hard answers. You can at least not pontificate on what you *think* they have done with those promissory notes.
Admittedly, those were bad. One could surmise they did that to stay in business. Sounds valid to me. But, they dug themselves a nasty hole. Oh! They are now working on filling that hole and getting back on even ground.
But, those that were burned in the past as a result of the backsheet shortcomings, will never see anything other than what this company did as what this company does. This is a different day!
Or, is it that you feel that they are lying on the recent reports that state that debt has been taken care of? Trust me, I was not happy with the conversion deal that they struck to get out of those promissory notes, but that debt is no longer there.
Ah yes, A trip down memory lane....
You're reading emotions into my comments that I don't have. I've been involved with this company since 2008 and although I sold all my shares in the last run up to .18, I feel I have valuable insights to add to any conversation on BSRC/NEWH....blah, blah, blah... Who am I kidding, I'm still just a little kid that likes to poke sticks at the hornet's nest...LOL
That’s a lot of news stories all in one place. 8-]
The backsheet received its patent, little too late. Still have the patent, but from what I recall they stated they couldn’t achieve the price point that China had already established.
The news stories, yes, that’s tough to answer. Let’s see, on one hand we can tell our investors what we’re “up to” because it looks like it has major promise that it is about to happen. Then it doesn’t happen, so we look like @$*holes to the public. ~maybe they were doing a little bit of that back when~
On the other hand, they can keep things quiet until they know for sure what is going to take place, not announcing ready for shipment announcements until they have actually made the sale and shipped. ~seems like something closer to what they are doing now-
Either way, investors aren’t happy until the stock price goes up. I get that, because I get frustrated dealing with it too. I want those beans to grow.
But I will ask this question, if you’re unhappy with this company and don’t see the upside or honesty in it? Then why come here to be...not a protagonist?!?
Dr Lee just changed the type of "debt" , that's all .
How long will the "green hydrogen" last before he's off to some type of "crypto" or whatever ?
A leopard never changes its spots .
Those promissory notes don’t exist anymore (see 10-Q from end of March). Good to see you’ve decided to join the discussion.
It’s been awhile.
Remember this? What happened???
https://markets.financialcontent.com/stocks/news/read/23677030/biosolar_receives_first_commercial_order
How about any of this? There were so many positive press releases about the backsheet up until 2013. Looking back at all of them, one would believe it was a success...LOL
https://markets.financialcontent.com/stocks/news/releasedby?ReleasedBy=BioSolar%2C+Inc.&CurrentPage=3
https://markets.financialcontent.com/stocks/news/releasedby?ReleasedBy=BioSolar%2C+Inc.&CurrentPage=2
"As the company moves into commercial production." ... LOL Yeah , how's THAT workin' out ???
The only "production" all this time has been "promissory note" production ..
From a "realist" ...
I owned shares then as well. I was a protagonist back then. LOL
BSRC was never listed on any exchange other than being on multiple levels of the OTC and was never in any danger of being "delisted". Take it from here Dr. Lee...
“The main purpose of our reverse stock split is to satisfy the minimum share price requirement to trade on a senior U.S. securities exchange,” said Dr. David Lee, BioSolar’s Chief Executive Officer. “A typical minimum market price required for initial listing is as high as $5. Another important benefit is that a higher share price is likely to attract a larger pool of quality institutional investors as the company moves into commercial production.”
https://markets.financialcontent.com/stocks/news/read/19053473/biosolar_announces_plan_to_uplist_its_shares_to_trade_on_a_senior_u.s._stock_exchange
https://markets.financialcontent.com/stocks/news/read/19079878/biosolar_proceeding_with_reverse_stock_split
https://markets.financialcontent.com/stocks/news/read/19132969/biosolar_successfully_completes_reverse_stock_split
By the way, with regards to the 1:30 reverse in a “failed attempt to uplist”, it didn’t *quite* happen that way.
They were actually already listed, and they did the reverse split in an effort to keep from being de-listed. I know this because I owned shares at the time, and remember the press release, etc...
Not a major gotcha, but just clarifying what really happened.
I like this outlook. :)
Tried to add 35k today but wouldn't take my bid at .029. That's ok as I'm sitting pretty now. Not worried about latest 8k in favor of hydrogen and it does not meaan failure re: batteries. Remember facts are one thing, interpretation of facts and opinions is another. Batteries not a primary focus is a fact. that it means failure is an interpretation.
Not sure what a antagonist has to do with the definition of words...
I trust they used the proper words and their meanings in the 8k they filed with the SEC and will do exactly what they say they are doing, "suspend its outsourced silicon battery technology development program and focus its financial resources SOLELY on the development of inexpensive catalysts for electrolyzers to lower the cost of Green Hydrogen production".
Fact 1, outsourced means obtained from an outside supplier or to contract work out, which defines Top Battery, Ferroglobe and 100% of NEWH silicon battery technology development program.
Fact 2, solely means to the exclusion of ALL else, synonyms being exclusively, only or entirely.
So they're spending their money ONLY/ENTIRELY/EXCLUSIVELY/SOLELY on the green hydrogen tech development and suspending 100% of the battery tech development.
Wait on the 8k filings for TopBattery and Ferroglobe if you want, but the writing is in this 8k. Specific words have specific meanings. Protagonist or Antagonist, it's extremely hard not to call their battery tech D...E...A...D...
They definitely could have done a better job of clarifying exactly what that means.
But an antagonist will have a field day with this, so this is their day. In the meantime, I will trust that just because they've chosen to sever the partnership with Soelect that there could still be something brewing elsewhere.
There are still partnerships with TopBattery and Ferroglobe. Because they didn't do the best at confirming those partnerships are still strong, it leaves rooms for speculation that (as you say) they are abandoning battery tech.
But until I see that in a report that they've severed those relationships too, then their battery tech is not dead (as you say).
Somebody needs to update the NEWH IHUB page.
Get those dead batteries out of here!!!! GREEN HYDROGEN is what it's about now!!!
Battery Tech is dead....
If the new website didn't do it, the latest 8k makes it very clear now...
Board of directors has determined that it would be in the best interests of the Company’s shareholders to suspend its outsourced silicon battery technology development program and focus its financial resources SOLELY on the development of inexpensive catalysts for electrolyzers to lower the cost of Green Hydrogen production.
First it was thin film solar cells for PV devices...failed. Then it was solar panel backsheets. They did complete the Bio-Backsheet, but never commercialized or generated 1 penny of revenue from it...failed. Then it was anodes and cathodes for a super capacitor, and then for a super battery...failed and failed. And now it's catalysts for electrolyzers for green hydrogen....
Add in 100M shares of dilution to fund their dead solar cell/backsheet development. Followed by a 1 for 30 reverse split in a failed attempt to uplist to NASDAQ while trying to commercialize the Bio-Backsheet. Followed by, AT LEAST, 3B shares of insanely toxic dilution, of which 99% of the shares were issued in the last 2 years to fund their now dead battery tech. And now, more dilution to fund their green hydrogen electrolyzer catalysts development. And that pretty much sums up the history of BSRC/NEWH since it's beginning in 2006....
Definitely disheartening to hear. It would also be good to hear more details behind the decision, not just the idea that they are terminating the agreement to focus on the Hydrogen side.
If that is the case, will this mean that we will hear the same thing regarding TopBattery and Ferroglobe? I would hope not, but maybe that pressure can be put on the team to help answer those questions.
Not sure what to make of latest 8-k terminating deal with Soelect to focus on hydrogen.
Yes, who knows what this could go to in 2022 and beyond. I plan on selling significant amount end of year hopefully and then holding more long term. Still very optimistic!!
Nice! I added a few weeks back, and have gone from .016 to .02 to .023. But if the stars align I will have enough shares that I can profit very comfortably and still have plenty of shares stored in the event that it really blows up.
Decided to add 30K today. Mean now .014. Waiting and holding long.
Hmmm. I see and that makes sense. I think what you are saying is insightful. Thx. You sure your handle should be obtuse?
I hear you. The unfortunate part is that we haven't really had a lot of positive sentiment on this board. So for the time being we are both kinda waiting on some wise words.
From the encouragement side of the house though, I can say that there is a bit of information coming out that seems to have 2-degrees of separation for NewHydrogen on the battery front. It seems that our three known primary partners (Soelect, TopBattery, and Ferroglobe) are all close to or in the midst of announcing deals to manufacture batteries.
If NewHydrogen is tied to these in any way that very well could be the catapult that moves this train.
Can't get over the low volume but stable around .03 Is this about waiting for news? Again, I am in no hurry as I think the really big bounce will come in October - December. Would love to hear from some wise people.
Got it. Thx for the clarification.
For reference regarding the Series D shares:
From the 8-K dated April 15, 2021
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
On April 15, 2021, Biosolar, Inc. (the “Company”) filed a certificate of designation of preferences, rights and limitations (the “Certificate of Designation”) of Series D Preferred Stock (the “Series D Preferred Stock”), with the Secretary of State of Nevada, designating 1,000 shares of preferred stock, par value $0.0001 of the Company, as Series D Preferred Stock.
The Series D Preferred Stock does not pay a dividend, does not have any liquidation preference over other securities issued by the Company and are not convertible into shares of the Company’s common stock.
For so long as any shares of the Series D Preferred Stock remain issued and outstanding, the holders thereof, voting separately as a class, shall have voting power equal to 51% of the total voting power of the Company’s shareholders. Such vote shall be determined by the holder(s) of a majority of the then issued and outstanding shares of Series D Preferred Stock."
No! It is not that simple. You are simplifying WAY too much. The Series D shares takes care of the majority vote idea. Those shares along with the shares Dr. Lee already own carry 51% of any voting power. It was stated in the filing.
I know the math on the Series C shares. They said they needed to increase the Authorized Shares pool to allow for the potential that the institution may seek to convert and they would not have enough shares even authorized to cover the conversion.
I can appreciate that you made money off of the company and you are ready to retire, but that doesn't mean that you are reading these things thoroughly. You're coming at this as if it were the things they did in the past. They're not doing that. It is very clear in the filings.
Your on the right track, but you need to do the conversion math. The math explains unequivocally why they had to raise the AS and create the Series D shares. Whoever owns the Series C shares would have, by far, owned the majority of the outstanding shares(and the company) had NewHydrogen not done those 2 things. It's that simple. They're covering their own mistakes with one hand and continuing the share selling game with the other.
No one on Ihub knows this company better than me. I've been playing this highly profitable game with with this company since 2008. Retired at 51 this year with BSRC profits playing the biggest role in making that possible!!!
It sounds as if you’re due to commit to some more DD.
You should probably read the 10-Q for yourself if you feel that I am misstating something. I am not a lawyer, so I can’t break these things down completely. But I am pretty sure I read it right as I read that all of the toxic loans were now paid down to $0.
As well, I believe I stated that that it was an agreed upon conversion rate. So the higher the share price goes, you tell me what happens if the investment institution wants to convert some of their Series C shares. I already know, the number of common shares jumps dramatically as they are converted. It was not one of my favorite elements within the agreement, but it does get them out from under the loan. It’s all in the 10-Q.
As for the Series D shares, they’re not even convertible to common shares, they only bring voting power. So what does that tell you? It tells me that they’ve put protections in place to make sure no one comes in to soak up a ton of shares and take controlling or influential interest in the company. Not a poison pill, just protection. ;)
Makes sense to me. Thanks
The only thing you said that is correct is that they saved the 10% interest. Those Series C preferred shares are convertible at a fixed price of .0014. The EXACT same conversion price as the toxic convertible notes.
https://google.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=14796260-921-8747&type=sect&TabIndex=2&companyid=727302&ppu=%252fdefault.aspx%253fsym%253dBSRC
Go ahead and calculate how many shares have to be issued at .0014 to cover that $3,484,638 worth of "non-toxic" series c preferred shares.....
Oh, and don't forget the 1000 Series D preferred shares of which ANY AMOUNT OF SHARES OUT give the holder, Dr. Lee at this point, 51% of total shareholder voting power....what a joke....
https://google.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=14878074-863-7975&type=sect&TabIndex=2&companyid=727302&ppu=%252fdefault.aspx%253fsym%253dBSRC
On another note, Tom Becker in IR told me via email they were going to use the $5M they raised, selling shares of coarse, to pay off those toxic convertible loans. That obviously didn't happen. If I didn't make so much money off their scam and the suckers that believe their BS, I might actually care they lied to me.....LOL
The only reason they increased the AS is to continue the game. PERIOD!!!
For more clarification on that. This is correct, that they need it to cover to convertible preferred shares. But this is not the type of convertibles that they were being made fun of in the few years past.
They are now clear from the toxic convertible debt, the kind that was costing them 10% on top of their loan value. Their 10-Q back in March, and the most recent 10-K stated this about the preferred shares and the "toxic" convertible loans.
But part of that deal was they gave up 34K shares of preferred 'C' shares. These are able to convert to common shares based on a formula that they agreed upon with the lender (institution). The higher the stock price goes, the more shares conversion works out to be. BUT...if they fail to deliver the converted shares (I think they have 10 days to do so once requested) they will be penalized a fee.
So to make sure they never subject themselves to a situation that they can't meet their obligation, they said they would need to increase the Authorized Shares (AS) pool. As we see, it takes about a month for them to file the paperwork, then have it approved and added to the AS pool. So the increase in the AS pool is precautionary.
They had no choice. After the 2 latest offerings, they need more shares to cover all the convertible preferred shares now.
Volume is staying rather low. Don't know what that means and if I read it correctly it appears they are now authorizing up to 6B shares? That's a bit scary.
I'm not in any hurry to add shares at this point. Sitting on 2M and I think this will take of after September. BTW twits is interesting.
Nice!
I picked up a few more yesterday and today.
Hopefully this will see its bottom soon. But either way, this is one of those that I am more than happy letting it bake in the proverbial oven for as long as it needs to.
Glad to see that you found StockTwits too.
Added 5k @ .03. Mean now 014 cents. Holding long.
I think one of the next big breakthroughs will be when they start working with graphene. An amazing material that will out do graphite. Dr. Lee is aware of it and its potential but apparently they are not now developing it, at least not publicly.
I check the board regularly but just not much going on with newh right now. My guess is insiders holding steady. Plus I have discovered stocktwits posts there are usually more informative.
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Contact:
27936 Lost Canyon Road, Suite 202
Santa Clarita, CA 91387
Tel: (661) 251-0001
Fax: (661) 251-0003
Email: info@biosolar.com or
http://www.biosolar.com/contact.html
http://www.biosolar.com/index.php
BioSolar is developing breakthrough technologies to increase the storage capacity, lower the cost and extend the life of lithium-ion batteries for electric vehicles. The need for such breakthroughs is critical to meet the expected demand of the rapidly growing global electric vehicle battery market, which is forecast to exceed $90 billion by 2025. A lithium-ion battery contains two major parts, a lithium-filled cathode and a lithium-receiving anode, that function together as the positive and negative sides of the battery. BioSolar is developing innovative technologies that will enable the use of inexpensive silicon as the anode material to create next generation high energy and high-power lithium-ion batteries for electric vehicles. Founded with the vision of developing breakthrough energy technologies, BioSolar's previous successes include the world's first UL approved bio-based backsheet for use in solar panels.
http://www.biosolar.com/news.php
Partners
Joint efforts with BioSolar will focus on developing and joint marketing of silicon anode materials for high power, high energy lithium ion batteries
LONDON, June 19, 2018 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ:GSM) (“Ferroglobe” or the “Company”), the global leader in the supply of silicon metal, through its subsidiary Silicio Ferrosolar SLU, announced that the Company has executed a joint development agreement with BioSolar, Inc. (OTCQB:BSRC), a leading developer of breakthrough energy storage technology and materials.
https://investor.ferroglobe.com/news-releases/news-release-details/ferroglobe-signs-joint-development-agreement-biosolar-leading
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