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It calls it revenue and not investment, so possibly payment for demonstration batteries and or spread out payments on initial licensing agreements with Cross Border Power.
Assuming that revenue will increase when units are actually sold by Cross Border Power to their customers or maybe other unknown license holders.
Most interesting to me was the visitors to the page from some major telecoms. I wonder if they are attempting to market to them for cell sites.
jmho
Bill
I am not sure that I have been complaining about sales.
Maybe way back when the CEO was claiming commercialization, well because that is what you expect when in a commercialization phase. That was fuel cells which never took off.
I am here because I am a shareholder, you were the one complaining about my post favoring Petrovic's side.
Too often, an inventor has the result of their hard work "taken" by a corporation and that to me is just theft. An inventor should always receive a proportional percentage of income from their invention.
My ultimate hope is that they will work out the ownership issues and move forward.
Sales will come when they have product manufactured and performance is verified, the hype will increase and more customers will want the product.
Now they need to settle another issue in order to clear the path to commercialization.
Jmho
Bill
There are many Ifs here.
If what XNRGI says is accurate, then the batteries are that good, that economical, that safe and that recyclable, then everyone will want them.
The issue is that it takes more then claims, it takes proof that everyone can see, about all the advantages claimed. If we see more of these in 2020 in various devices, then the proof will be there obvious for everyone to see and demand will explode.
The new crux being that something has happened between the company and its former VP of Technology. The rift being large enough to spur a lawsuit over the patents which the inventor claims were not assigned to NEAH/XNRGI.
The company of course claiming ownership due to IP developed while the inventor was employed.
What we do not know is if the two parties are willing to work out a deal to avoid stopping forward progress. I certainly hope the inventor can get proper remuneration and a deal is struck to benefit both parties and ensure development and forward business momentum continue.
Both parties have removed most if not all references to a business relationship with each other on most websites that I could see.
The main question being, what could have caused this and how big are the repercussions.
jmho
Bill
The fact that you expect to have credibility confounds me, your lack of experience is evident in your lack of logic.
A medical clinical trial and battery R & D are very different things.
If you knew anything about this company you would know they have been a Fuel Cell company and not a battery company, the shift to being a battery company can be attributed to Slobodan Petrovic and his developments.
Your opinion on business processes you know nothing about, involving a company and practices you know nothing about is meaningless to those who have been here for years.
Research this company, research the CEO, research past announcements made by that CEO and the failure of all commercialization efforts before you comment on the complaint of time.
You have come into a subject that posters here have followed for years, knowing nothing and making comments about having credibility while having none.
jmho
Bill
Wow, you just claimed no knowledge and experience in a process then want someone to take your point of view as credible.
That's a new one.
Bill
Well, he is not on the XNRGI TEAM any longer.
The website has been updated and faster than at any other time in history.
Yes, the patents have to be unencumbered in order for XNRGI to monetize them through licensing or at least to keep that money.
This may be a way to secure payment of a percentage when he could not get XNRGI to agree. Letting the courts decide and not the greed mongers at XNRGI.
You are correct that this indicates a value in the technology, and an insider view of future potential, otherwise, why sue ?
I would hope they would come to an agreement and move forward, although that may have already been attempted without success.
Applying leverage at a crucial time can do wonders for his chances at success.
jmho
Bill
D'Couto is that you ? 1st post, big accomplishment.
Either way, your attitude spells out that you are an XNRGI employee most likely in the Corporate side or related to one.
It doesn't feel good to have someone twisting the short hairs does it ? OUCH !
D'Couto's bio never sold a Fuel Cell and since the battery development was happening in Oregon and not Bothell, who was leading the battery development?
Petrovic was employed by the Oregon Institute of Technology while also working for NEAH / XNRGI. Since NEAH Power sold all of their lab equipment in 2014, Where oh where would a good bit of research happen ?
I will say, in a lab owned by an institute of higher learning. It is also quite a coincidence that quite a few people who worked on the battery also had pedigrees from OIT. OIT Team effort looks like.
Petrovic most likely had something written in his employment agreement about IP developed at OIT also. Wonder which takes precedence ?
The crew at Neah/ XNRGI have always been sloppy with the paperwork, seems like an employment disagreement may turn into having to pony up some IP royalty rights to make it to first base, otherwise game over in the EV wars.
Yup, I may have hit a nerve that was already beat to heck by Petrovic.
IF XNRGI drones hate my opinions, I must be doing something right.
jmho
Bill
If what they say about these batteries is true and they are a paradigm shift in performance , who would you credit with that accomplishment ?
D'Couto who runs around the world trying to get funding ? This is important but not the critical piece.
Sidlo ? Who makes nice videos but doesn't truly have a handle on the battery theory.
It is Petrovic, he and his College have contributed the most along with Polaris Battery Labs to the actual battery development.
He should get a bigger piece of the pie, if he is unsuccessful the next stage hits a wall without him and this company ends at the Lithium Metal Battery and no EVs.
He will end up somewhere else developing their Lithium Air battery.
In the bigger picture, XNRGI needs to give him due consideration, because the rest of that crew are certain to fail .
So yeah, if you want the future to hit the wall , root for XNRGI to successfully steal his accomplishment but what they have now is all they will ever have.
Jmho
Boll
Right now is when Petrovic has the most leverage with the company , as they are finally on other company timelines.
They have Cross Border Power licensed and hopefully looking for and finding projects to deploy to.
This means they need the patents un-encumbered asap.
Especially if XNRGI is in the process of signing more licensing agreements.
I think if the greedy folks at XNRGI want their business moving forward they will more readily come to the negotiation table.
Any forward movement on the Lithium Metal Air will also most likely be killed if they drag this on.
Best of luck to him in his fight with XNRGI.
Jmho
Bill
That may be the case. Being rewarded / paid as others were in NEAH stock then getting the "Reverse " happen most likely made him as happy as the rest of us.
I would guess more of a royalty share on what XNRGI collects through the licensing vs stock would be advantageous to him and may be what he is angling for.
D'Couto can keep us in the dark and wondering, however this guy was in the know about everything and in the know about what it may be worth.
The best time to go after them is at the inflection point, that appears to be what he is doing.
Best of luck to him dealing with those greedy people.
Jmho
Bill
Since he is suing them, I wonder if he still works there.
Maybe they took his IP, and tried to flush him, seems like a DCouto thing to do.
Companies always use employment contracts to secure any discoveries and inventions by their employees.
Jmho
Bill
The article itself is not old, however the news of the collaboration was known a while back.
This is a project to increase density of 3D Lithium Ion batteries built on XNRGIs model using Porous Silicon
That Trial and or Funding was set to begin in Sept 2019.
This may be a gambit by XNRGI to be able to produce a high density Lithium Ion battery vs their current Lithium Metal battery.
On Amobi we have seen a high temp Lithium Ion option, maybe they want to have a high density , high temp battery.
Not even a humble opinion, just a wild guess.
Bill
Cross Border Power will be deploying batteries before the foundations get poured for the new research facility.
The government run labs tend to run slow due to the red tape, etc.
The market will validate the batteries long before these guys have their labs up and running
Jmho.
Bill
Maybe you didn't get the memo.
DNRG failed years ago.
The SEC is just barely catching up.
Bill
NEAH changed their name and went private. They are now XNRGI.
They just licensed their battery tech to Cross Border Power a new startup out of Canada , this is just for Grid Scale Batteries.
Their CEO was quoted as saying they have other agreements and their batteries will be in a lot of products in 2020.
If what they say is true, they have the Holy Grail of Batteries ready to go and a next generation Lithium Metal Air in development
A lot of recent articles on them and their battery tech.
They at least caught up their filings up to the point where they filed form 15 to go dark.
That " SCAM" currently has the potential to be the best stock pick I ever made.
Unlike my worst which is DNRG.
Jmho
Bill
What I received from Corporate Stock Transfer ( The Transfer Agent ) is titled as a "Book Entry Account Statement " is has an account #, the stock name, # of shares and year to date activity for that account which shows the number of shares. Shouldn't be too hard to find with that info, I would think...uhh maybe.
After stating that the shares represented are fully paid and non-assessable it goes on to state that the statement is a record of addressee rights at the time of issuance.
Then it goes on to state that "delivery of this statement conveys no rights to the recipient."
"The statement is neither a negotiable instrument nor a security. A full copy of any rights, privileges, restrictions and conditions which may be attached to the securities covered by this statement can be obtained by writing to the Secretary of the Company."
So I guess I am writing a letter/ email to see whatintheheckisgoingon.
Yes that's a word.
jmho
Bill
Remember DCouto said in a 10k,
"I had no idea accounting was so frikken important in a publicly traded corporation "
Then he went private.....actually was already in the process, so it was more of a late excuse delivery.
He did not say it in those exact words, however the general idea was conveyed.
Good luck with that CFO. They will want one who can't count and can't keep them honest.
Jmho
Bill
The SEC describes DNRG as a "REVOKED Nevada Corporation "
Nothing more to say than that.
Jmho
Bill
The only thing I know is that I lost a couple of thousand on this garbage stock a few years ago.
It's been on my watchlist since then.
All the stock owned by the company has been sold to bagholders.
No way forward, even as a stock selling scam without a hefty reverse split. Legacy shareholders would be wiped out in that scenario.
Jmho
Bill
It's just the Fidelity accounts that have had shares moved to be held at the transfer agent.
Fidelity blames the company and DCouto blames Fidelity saying they will not hold a stock that is not public
Who knows ?
Bill
Most likely a wrong interpretation of the claim in the white paper of 600 samples, at least that was how I read that.
Bill
Everybody just quoting the other articles.
I'll get "excited" just like D'Couto when I see an article about these being manufactured And customer reactions to performance.
Not to say I don't like the claims.
The potential is massive. Even if another battery comes out with a competing performance, it goes back to , is it just as cheap ? If yes, is it 100% recycleable ?
Many differentiators here, hopefully they count for something in the real world in the future.
The hype is good in that more potential customers will inquire and possibly order to test.
Makes me wonder which of the rumors we heard in the past 2 years may have been true.
Jmho
Bill
I think he is posting that thing, uh what is it called ?
OH yeah ! THE TRUTH !
This company did nothing but sell stock.
Oh yeah, and tell some stories.
Bill
There was no demo of any live Fuel Cell.
Nothing to turn on or off.
Your website link doesn't even have a picture of a fuel cell.
This company never moved past rumors to sell stock.
Jmho
Bill
You should get a letter from the transfer agent, that shows your shares being held there in your name.
The transfer agent is Corporate Stock Transfer.
You should have received a letter from Fidelity about 2 months ago.
You should have received the Letter from Corporate Stock Transfer this week.
Bill
You actually think that DNRG actually owns an operable fuel cell ?
If they had one, it would be running 24x7.
This is about selling stock when you are not a viable business .
They have to prove they are actually doing something other than opening a Twitter account and running a pump and dump.
It will be very difficult to prove activity when there has been none.
Jmho
Let me guess.
They are all C-Suite employees. Nothing like another VP to make a company really efficient and productive.
Bill
C'mon guys !
Sounds like we have the makings of an auction.
Throw out some real Believable numbers.
Bill
So you expect a 1.5 billion share company to be worth 75 billion dollars because they file some late paperwork.
Go look at Fuel Cell, Ballard Power , Plug and see if companies with actual IP and that have built lots of fuel cells for actual customers are profitable and worth any billions of dollars.
Bill
Or, the SEC could start taking an even deeper look at this scam all the way back to Neal Allen's false claims.
Bill
The videos shows availability in 2019 for this generation of PowerChip.
That could mean that this generation of battery is available for licensing and manufacturing.
As in the case of Cross Border Power, the technology was available, they secured sales and distribution but will not be delivering the first product until next year.
This means manufacturing the batteries this year. CBP still needs to put together a Battery Management System for the Grid Scale System.
XNRGI had hired a guy who was working for Powin Energy so they may have a head start on that aspect.
It would be good to see the smaller scale batteries start to show up this year. The companies who license the smaller scale batteries may not announce until they start seeing the performance and want to increase sales.
One of XNRGIs employees had referenced "mass production of batteries in Africa" so they may have production in place.
I believe it's all finally coming together so all we have to do is wait.
We are locked in to our share positions. But at least we can honestly say we got in on the ground floor with this tech revolution.
Jmho
Bill
Depending on how well they monetize with the licensing agreements they could generate quite a bit of income.
I think DCouto has always wanted to have NEAH / XNRGI be like a Qualcomm.
The main reason to IPO would be to finally give themselves, core employees and most importantly their direct investors the "promised" payday.
It would also give them money for research Labs and more research which is what appears to float D'Couto's boat.
Any one factor of these batteries if true is a paradigm shift over current battery tech.
1. Energy Density
2. Battery Life
3. Charging times
4. Safety
5. Recyclability
If these go into production and these claims are accurate, who would not use them if they are available ?
Production needs to happen, the performance needs to be proven and then they just need to grow big enough to make it worth their while to IPO and fend off any hostile takeovers .
Jmho
Bill
It is and I think they had multiple white papers.
Bill
More like 1.3 billion float. Call the transfer agent and get them to update.
Do you really think the float has stayed at 190 million while the outstanding shares are almost matching the authorized shares which are at 1.5 billion ?
Bill
It should be valid as they reported a deal with that company FZC Securities or FCZ , I don't remember the name.
They reported the investment Deal in the updates portion of the last 8K and 10K.
Bill
A moderator ? Don't know, a link to a blog was posted here on Ihub.
That blog post was on XNRGI and had the stock purchase contract by Indian investor for NEAH shares.
Totally independent from IHUB.
Bill
I think that whole page on that blog got taken down a while back. I went to look at it and it was gone.
Bill
Yeah, not sure about the foreign ones but the articles in the US are running in the the tech magazines, not general exposure which is good initially.
The real home run will be when the small unit batteries come out for products D'Couto stated should show up in 2020.
Those will be the real world examples that will put the proof in the pudding because they will be directly comparable to standard lithium ion in energy density, and charge times in many of those same products.
The Grid Scale, well the only thing to compare there will be the foot print of the XNRGI vs the Tesla and the other manufacturers for the same storage capacity and of course the price tag.
jmho
Bill
I wondered the same things when I saw that on the website also.
I mean really, why market a standard lithium ion when you supposedly have a better solution.
Then, they show a UPS and go to use the selling point of pushing that standard lithium ion battery as a high heat solution.
That was when I started thinking that they were still not anywhere ready for primetime and we were totally screwed.
I was really taken by surprise with this latest set of events because of that introduction of the "high heat" lithium ion battery.
Now with the hype, they claim that heat does not affect their lithium metal batteries.
They also have a grant for some research on increasing energy density in lithium ion batteries with a European University that is supposed to commence in September of this year.
Say one thing and do a different thing , that's XNRGI I guess, it should I say that's NEAH.
Jmho
Bill
No it's not something new, neither is the fact that Amobi organized Helios Royal Energy which is showcasing XNRGI battery solutions on it's web page for solar grid storage.
They issued some PRs over a year ago about building Solar Energy installations in the Ukraine then not a peep since.
This is the website that had an interesting chart showing the cost of 1GW/Hr of storage capacity for XNRGI and some of its competitors.
It also valued XNRGI at 450,000,000 at the time, and 3 months later fractional shares were paid out at .00045 or a valuation of 1.5 million dollars MC.
Funny, but not ha ha funny.
Jmho
Bill