lurking
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Next up I think, after failing at solar and batteries and about to fail at hydrogen, should be offshore wind energy. The con man in the rented broom closet, paying himself 1/4 mil, is pretty good at making the wind blow harder.
Potential investors ought to consider the reasons NOT to invest in BSRC, as well as whatever speculative set of "IF this happens ..." are put forward by the bulls. OTC stocks are HIGHLY speculative, and BSRC is no exception.
Huge multinational corporations are actively working on Green Hydrogen, as I posted. There is zero logical reason to believe that David Lee is smarter than all their engineering and R&D departments put together.
This company is good for day trading. Buy low, sell high. Buy and hold if you love roller coaster rides, but the big payday is never, ever coming.
Amazon, Apple, Ford, and Plug were never traded over the counter. Sorry if facts offend. Yes, Biosolar is one guy working in a 140 sq. ft. rented office. Sorry if facts offend.
The battery tech worked out about as well as the Bio Backsheets. You know, the failed product that the company is named for.
Fuel Cell Energy is working on Green Hydrogen. They are one of the biggest publicly traded fuel cell manufacturers in the U.S., and operate over 50 power plants all over the world, including the world's largest fuel cell plant in South Korea.
Bloom Energy, total assets of $1.4 billion, 600 megawatts of installed fuel cell plants, is working on Green Hydrogen.
Ballard Power Systems is working on Green Hydrogen. They're a Canadian company with a market cap of $6.5 billion, focused on fuel cells for cars, buses, and trucks.
These are all real companies, publicly traded on real stock exchanges, with facilities, employees, products, customers, and revenues. Not some guy in a 140 sq. ft. broom closet writing forward-looking statements.
Who else is working on Green Hydrogen? Siemens, for one. Siemens has 290,000 employees (although its subsidiaries add another 100,000 or so,) an annual revenue of $68 billion, and a market cap of $133 billion.
Due diligence, and facts. They're readily available to anyone with a computer.
So who else is working on green hydrogen? A consortium of real companies, for one. See this article.
https://www.greencarcongress.com/2020/12/20201209-catapult.html
Here are some interesting stats about the members of the consortium:
ACWA power employs 3500 people.
CWP Renewables is installing the world's biggest renewable power plant project, backed by Australia.
Envision has a global network of R&D and engineering centers across China, United States, Germany, Denmark, Singapore and Japan.
Iberdrola has 34,000 employees on four continents and serves 31 million customers.
Orsted is the largest energy company in Denmark, employing 6500 and with an annual revenue of Eight Billion U.S. dollars.
Snam, an Italian energy company, 3000 employees and a market capitalization of $18 billion, again in U.S. dollars.
Yara, a Norwegian company, has 17.000 employees in 60 countries.
I do not believe that one guy, in a tiny rented office, throwing OTC pennies at a single researcher at UCLA, is going to out-innovate this group.
BSRC failed at solar panel backsheets, they failed at batteries, and they'll soon fail at green hydrogen. What will be next? Condominium developments on Mars? This is not a real company. As good as any other for day trading, though.
On the way back down to sub-penny range. Technical analysis applies to real companies, not shucksters paying themselves 1/4 mil. and operating out of a broom closet.
There are quite a few big players in the "green hydrogen" game, just as there are in the battery game. Here's a sample of what's currently in play:
https://www.greentechmedia.com/articles/read/utilities-on-both-sides-of-atlantic-follow-oil-majors-hydrogen-lead
So for the bulls here, please, explain how ONE GUY, working alone in a room the size of a bathroom, is going to offer any credible competition.
Yes, I'm surprised by the recent run-up in price, and hopefully the day traders here are laughing all the way to the bank about now. But the long haul? The BIG payout? Not gonna happen in a million years, sorry. Sell battery technology to Tesla? Please. Solve the green hydrogen riddle better than the biggest corporations on the planet? Seriously?
Institutional investors consider fundamentals. They don't throw money at pie-in-the-sky penny stocks, no matter how many trendy buzzwords get peddled.
Peeking behind the curtain? BSRC is one guy. He's the founder, the president, the CEO, the acting CFO, the director, and the sole employee. He pays himself $144,000 annually and works in a 180 sq. ft. rented office. The company isn't big enough to own a curtain to peek behind.
Musk doesn't care about making money. He did once, but now that he's filthy rich, he doesn't. The sentiments I've attributed to him are from his own mouth, repeatedly over the years. His ambitions WRT EVs are indeed altruistic. His ego might be involved in his many other endeavors, but here he's just trying to save the planet. And he's pretty far ahead of the guy working alone in a 180 sq. ft. rented office in Santa Clarita, in battery technology.
As far as Tesla "keeping things to themselves," that isn't what they do. All of their patents are free for others to use, including battery technology patents. They're even planning to sell batteries to other car manufacturers. Musk hates making cars. His objective has always been to hasten the transition away from fossil fuels, and he's succeeding quite well in forcing other companies to start making the switch to EVs. The "million mile" lithium-iron battery isn't just a pipe dream, forever off in some theoretical future.
It seems to me that lithium-ion batteries are already obsolete. Lithium metal is next, and anode-free. Tesla and every other serious player are already years ahead of this little hobby shop.