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Ashish Nanda's executive profile on Bloomberg has him as a promoter and managing director of Image Securities FZC in --- Dubai.
How current this is, I'm not sure.
They are not naked short selling then, right ?
Naked short selling is selling stock you do not own. Correct ?
Naked short selling and price manipulation are illegal, are they not ?
These are sincere questions, as I'm on shaky ground here.
XNRGI is probably giving out the password to their website at the convention to those who ask.
Anyone in the area ? Maybe we could hit the light switch ourselves .
Yes, it probably won't. Just how it will take place ?
Well, we're still in the dark and any projection, how ever well it is thought out, is just a shot in the dark.
That's what it appears to be to me, a name change and that is all.
That might be wishful thinking.
You mentioned before that these new investors are in the same boat as us in regards to Neah shares , acquired at an inflated price. This supports the idea that the share value may not be fiddled with too much.
If this is the case, why bother to register a new Trade name,XNRGI Inc. to do business in Washington and why update his Linkdin profile with an obvious connection between Neah and XNRGI ?
Registered Trade Names
Registered trade names
Status
First issued
XNRGI, INC.
Active
Mar-02-2018
From the state of Washington, Here is the link :
https://secure.dor.wa.gov/gteunauth/_/#7
New Registered trade name for Neah Power Systems in Washington is XNRGI Inc.
That's how I read this.
No Neah ? No XNRGI ? Washington state business licence issued on March 2, 2018. Note the name at bottom of registration.
My DOR
My DOR UnauthenticatedBusiness LookupNEAH POWER SYSTEMS, INC.
Location:
License Information:New searchBack to results
NEAH POWER SYSTEMS INC
Entity name:
Business name:
NEAH POWER SYSTEMS, INC.
Entity type:
Corporation
UBI #:
604-228-610
Business ID: 001
Open
Location ID: 0001
Location address:
227223 29TH DR SE
BOTHELL WA 98021
Mailing address:
227223 29TH DR SE
BOTHELL WA 98021
Excise tax account and reseller permit status:
Open (View)
Secretary of State status:
Click here
Governing People May include governing people not registered with SOS
Governing people
Title
D'COUTO, GERARD
Registered Trade Names
Registered trade names
Status
First issued
XNRGI, INC.
Active
Mar-02-2018
Information current as of 3/23/2018 8:44:04 AM
The continuing penchant for secrecy coupled with the ever more apparent developments occuring with XNRGI as the flag bearer, has changed my outlook.
This, along with the change in tone from Rediculoused's posts (he seems to have some inside track on info.) from post # 25827 on January 29 to #25897 on Feb 2. "DC's ambition is to have a private company. -- rather than respond with an open discussion to the marketplace of the encouraging events of the last 12 months, and respect the intelligence of their shareholders (which would certainly adjust the public valuation, and save a lot of legal fees) D'C wants to absorb the public shareholders into a private model where "HE THINKS" he can control the valuation."
Going dark , it seems to me, in this instance, is a form of stock price manipulation and a basis for a complaint to the SEC, withholding information is just as manipulative as giving false information.
Xnrgi Solutions LLC can be found in the State of New Jersey Business Records Service.
All this information has been posted on this board already.
It certainly appears that D'Couto and the directors are proceeding with XNRGI and ignoring Neah. AS has been posted several times, Neah's press release on May 17,2017 states we will ," escape the "penny-stock" oppressive share price of the OTCBB capitalization and build real value."
Glad to hear they have resubmitted their business license in Nevada and I hope this scenario plays out differently than it appears it is heading.
It appears the directors and Dr. D'Couto have abandoned Neah Power Systems and formed XNRGI Solutions LLC with private funding to continue the development of the Powerchip Battery.
XNRGI is using the intellectual property of Neah Power Systems to further this development, the very same IP that we invested in thinking it showed promise.
Surely this can't be legal.
I am in the process of filing a complaint to the SEC. If anyone wishes to follow suit the link is :
https://www.sec.gov/reportspubs/investor-publications/complaintshtml.html
I think the SEC still has some jurisdiction over companies operating in the dark on the OTC.
A copy of this is also being sent to Chris d'Couto, his old email address still accepts emails.
cdcouto@neahpower.com
It has come to mind that during that long ago phone call I had with D'Couto, which I got throughly, and justly, tar and feathered for, he did say that Neah would come out of the dark, "when the time was appropriate "
That doesn't really mean anything I guess, just rerporting what he said.
And no, I don't have any insider connection or special consideration with Neah , or XNRGI.
I called the XNRGI number and D'Couto answered.
Any one else want to give it a try?
425-272-2703
That is simply not true. The success of the battery has always been an issue.
The scenario where Neah changes it's name to XNRGI is still a viable one, where Xnrgi is absorbed by Neah and becomes public.
As you have stated before, all the patents are in Neah's name.
I don't think d'Couto can simply steal all Neah's IP and walk away.
XNRGI. USA is on the select preview Attendee List for International Battery Seminar and Exhibit. Keeping some very awesome company.
Top Global OEMs, Battery Manufacturers, Materials & Component Providers, Leading Academics, National Labs, and Key Government Agencies to Attend International Battery Seminar in Florida
Exhibit.http://www.internationalbatteryseminar.com/content.aspx?id=117
International Battery Seminar & Exhibit , Fort Lauderdale.March26-29, 2018
Look who's presenting on Battery Safety ---
March 27
XNGRI 11:45 High Power and Safe Li-metal Batteries Part I: The Mechanism of Li Metal Growth in Porous Structures
Slobodan Petrovic, PhD, CTO, XNRGI
Co-Author: Juergen Garche
Lithium metal batteries with liquid electrolytes are not safe because of dendrite growth. A new electrode structure consisting of porous silicon is shown to suppress dendrite growth, enabling high-power and safe battery. The results, supported by the study of reaction mechanisms, demonstrate excellent Coulombic efficiency and high volumetric energy density.
EVE-Sponsor12:00 pm Networking Luncheon
475 as of 01/13/2016. according to OTC. security details
In fact, that press release reads like it was written by a lawyer.
Yes , I agree. He had some one write it, or the directors did.
He is responsible.
I mention this because it suggests he is not the only one actually giving the company its present heading.
Paul Sidlo comes to mind , with his Linkedin profile "Co-President and Chief Marketing Officer " of Neah Power Systems
Co- President ?
Just a refresher of that May 17 press release.
"As previously noted, the Board of Directors determined that it was in the best interests of the Company and its shareholders to cease being an SEC reporting company. Shareholders maintain their share ownership and retain their rights as shareholders. If shareholders have any questions about their free-trading shares they should consult with their brokers. The Company shall devote its resources to its core business, escape the "penny-stock" oppressive share price of the OTCBB capitalization and build real value.
As part of the effort to focus on the core business, the Company will also minimize and shortly cease its social media presence as well as take down the Company website http://www.neahpower.com.
As previously communicated, as a result of the filing of the Form 15, there can be no assurances that any trading market for the Company's common stock will develop or be maintained after the Form 15 filing."
-------------------------------
Some thoughts on this.
How can "no assurances that any trading market for the Company's common stock will develop ---" benefit shareholders ??
What is meant by " " escape the "penny stock" oppressive share price of the OTCBB capitalization and build real value " ?
Also, in my opinion, this was not written by Chris d'Couto. If you are familiar at all with his style of writing you can see this.
It is way too concise and well written.
From Lomiko Website
#439 - 7184 120th Street, Surrey, B.C. V3W 0M6
LOMIKO UPDATE ON TRADING HALT AND CTO
Vancouver, BC – February 19, 2018 – On February 16, 2018 the British Columbia Securities Commission issued a
Cease Trade Order until the Company files its annual audited financial statements for the year ended July 31, 2017,
accompanied by an auditor’s report that expresses an unmodified opinion. The Company advises shareholders that
they are working closely with its auditors to rectify this matter and anticipates having the required documents filed in
a timely manner.
For more information on Lomiko Metals, review the website at www.lomiko.com, contact A. Paul Gill at 604-729-
5312 or email: info@lomiko.com.
On Behalf of the Board,
LOMIKO METAL
So at 7 billion shares, market cap at 1 cent would be $10 million, not beyond the range of possibility, and many would be happy with a .01 share price.
I am somewhat encouraged to see that Neah Merger Corp. is still an active Nevada Corporation, relisted Dec 28, 2017 and good to Dec. 31, 2018.
http://nvsos.gov/sosentitysearch/PrintCorp.aspx?lx8nvq=qgIp7dHsallvjq81BESzsg%253d%253d
Google Law Insider. Search for Neah on Law Insider. Sort by Date.
Or try this link.
https://www.lawinsider.com/?q=neah&sort=filing_date_desc
The last convertible notes due that I can find had a maturity date of Dec. 16, 2017. That was with Union Capital for $170,250.00 and $388,427.77.
Done with now I assume.
Does anybody understand the trading going on here? 30 shares sold for .0004, that's a one cent profit, less commission. Even 100000 is $4.00
I know there are market makers and so on, but I really don't understand what is going on .
This company is current with the SEC and has a good and active website, Copyrighted in 2018.
It has and is improving great product for enhanced security for company mobile and computer systems.
I see companies with no information and stop signs on the OTC. and they are trading in penny stock range. I don't understand the present no bid, .0001 situation and think it will change soon, and drastically.
Companies can operate in the dark for years. I saw one the other day deregistered in 2007.
Also, things can still happen in the Dark, check out Sanwire Corp. SNWR .0006 on Sept 7, 2017, .04 on Sept 13, .065 on Jan. 9 2018. Right now .014.
It still has a stop sign.
Oh, right.
The point being, if this is true, accounts receivable as of Sept 30 , 2017 is $ 3,600,000. compared to $0.00 in 2016 and total assets are $3,860,189.00 compared to $185.279.
This is huge, if true .
Neah has actually sold something !
I'm saying look at the two signatures.
Does it look like they are written by the same person?
Just asking. I have my opinion, others can decide on their own.
Check out Chris D'Couto's signature on this "Strange Document" with
a signature from a 2015 agreement. Hmm.
https://www.lawinsider.com/contracts/6YAkDKGFbQISoTQZCNBjUX/neah-power-systems/1162816/2015-11-10
Just stating facts, not defending.
Neah did the same thing last February, then applied for revival of the application and got it. They have two months to do this.
https://trademarks.justia.com/866/44/powerchip-86644646.html
In any event "PowerChip" on its own is a Registered trademark of Neah Power Systems.
https://trademarks.justia.com/859/33/powerchip-85933230.html
A basic search of Canada.ca revealed the following,
Government of Canada
Search
Search website
Search Canada.ca
Neah Power Systems
Search
Expert Assessment of Advance Power Sources
http://cradpdf.drdc-rddc.gc.ca/PDFS/unc61/p527732.pdf
A Laminar Flow Direct Methanol Fuel Cell. 27. 11. Silicon Nanostructured
Electrode Manufactured by Neah Power Systems. 27. 12. MIT Designed MEMS
Turbogenerator. 30. 13. Concept of a MEMS Turbogenerator Packaged as a
Military Battery. 31. 14. Principal Elements of a Pulsed Power System. 32. 15.
Comparison of ...
Explore this department of defense research report, from 2001 I think.
The point being, many things are going on in the background that we may not know about.
When progress is made I assume we all will be informed.
"Lots of activity, no progress" Which part of that don't you understand ?
Boy, that mud sure splatters around. I'm just an investor like everyone else. No special info for me.
Actually I think he was quite candid. Lots of activity, no progress towards a deal. Staying in the dark until it is appropriate to come out. Not one excited or enthused in the conversation. So, no, it was not verbatim what we are used to hearing.
No he didn't. I did not really expect an answer to my call and wasn't prepared with good questions.