The 10K and the 10q were supposed to be filed before going dark.

The only valuable info are the 2018 updates.

7 Million in funding verified. Actually a bit more.

The rest of 2017 falls under the "being dark "

Jmho

Bill

They look pretty biased to me.

The only good thing about that site is the central location for some good links.

Unless of course someone was looking for ammunition and a set of stocks to short.

Everyone involved in stocks and money has an ENDGAME. Anyone who thinks that there are groups of people spending free time for their benefit is deluded.

Just my opinion

Bill

The IP

"Our Proprietary Rights and Intellectual Property
We rely primarily on patents and contractual obligations with employees and third parties to protect our proprietary rights. We continue to seek appropriate patent protection for our proprietary technologies by filing patent applications in the U.S. and in certain foreign countries. As of the date of this Annual Report on Form 10-K, we own or control 13 issued patents, 3 patent applications pending issuance, and 13 additional patent applications in process. Listed below are Neah’s patents and patent pending applications. All intellectual property is wholly owned by Neah and is not licensed to, or otherwise owned by, any third-parties.
In addition to the patents listed below, we have filed two patent applications and six patent disclosures related to the silicon based lithium battery. We have requested confidential treatment on these applications / disclosures"

The original battery patent application.

"Devise and related method for assembling a battery using porous, structured silicon"

Bill

This filing is just D'Couto covering his fails at the time of going dark.

By law he owed shareholders and the SEC the 2016 10K and in my opinion he also owes the 2017 1st quarter 10Q.

"Note 13 – Subsequent events

Due to the capital constraints and the costs associated with being an SEC reporting company and maintaining its public status, the Company chose to file a Form 15 on May 15, 2017, terminating its obligation to file current, quarterly and annual SEC reports. The Company intends to maintain its non-reporting status for the foreseeable future, and will evaluate its various options based upon future business development. At the request of the Financial Industry Regulatory Agency (“FINRA”), the Company is filing this Form 10-K and the Form 10-Q for the following quarter to make our filings current as of the filing date of the Form 15.

Is all this in preparation for coming out of the dark ? Could be, why else would he be dotting the "I"s and crossing the "T"s. The re-structuring of the stock would require buy in from FINRA and they could have demanded this as a first step.

He would not need to re-structure if he did not have a prospective new major shareholder in the wings.

This is all falling in line as Rediculousd had previously stated, from the 5 million to the additional 2 million, so he was obviously being accurate. makes me wonder about the other things he said.

JMHO

Bill

No significance other than just another conference and more exposure for XNRGI. They appear to be trying to get the word out on their product.

The Abstract itself has some good information on the their battery and how they are touting it.

JMHO

Bill

I don't know about that. They may be cleaning up the books to appeal to a larger investor.

The 10k say they are planning to stay dark.

They may RS and hire accountants to satisfy a new major owner and still stay dark.

Very tough to say. The whole accounting thing is very " un D'Couto " he liked it muddy. A very large prospective investor most likely would not.

Jmho
Bill

The class A may already be split adjusted, although the prices they have sold it for are all over the place, from a dollar a share go over 4 dollars.

They appear to be setting up the "massive reverse"

Jmho

Bill

So some of the rumors were very true. More from the 10K.

" In April 2017, the Company entered into a securities purchase agreement with Image Securities FZC to sell 370,000,000 shares of the Company’s common stock for a total of $5 million, beginning with an initial $1,000,000 followed by $200,000 per month for 20 months. In May 2018, the Company entered into an amended agreement with the investor to instead purchase 1,162,000 shares of Class A Common Stock for the $5 million investment. As of the date of this report, the Company has received $2,200,000 from this investor for 511,280 shares of Class A Common Stock."

Here's a woo hoo statment !
" In September 2017, Jeffrey May resigned as Chief Financial Officer and principal financial officer."

"In February 2018, the Company entered into an agreement to sell 1,622,400 shares of its new Class A Common Stock when authorized to an investor from Dubai, United Arab Emirates for a purchase price of $2,000,000. In May 2018, the Company and the investor agreed to an amendment committing an additional 597,100 shares of Class A Common Stock for a purchase price of $716,520. As of the date of this report, the Company has received $700,000 in proceeds from this investor."

"In May 2018, the Company entered into an agreement to sell 71,429 shares of its new Class A Common Stock to an investor from Dubai, United Arab Emirates for a purchase price of $100,000. As of the date of this report, the Company has received the $100,000 in proceeds from this investor."

Bad news Sierra and Summit still own and will own a large portion, They killed this before and will kill it again. "In May 2018, the Company entered into an agreement with Summit and Sierra to convert all shares of Series B to shares of the new Class A Common Stock. Summit holds 592,542 shares of Series B to be converted into 228,571 shares of Class A Common Stock. Sierra holds 629,695 shares of Series B to be converted into 265,637 shares of Class A Common Stock."

So while some of the money rumors were true the big money rumors may not have happened. They appear to be waiting on 4 million still not paid out by the lenders.

D'Couto has a lot of NEAH stock.

What can I say, looks like the same old NEAH.

JMHO

Bill

Anybody notice that they filed the 10-K for 2016 yesterday ?

"To the Board of Directors

Neah Power Systems, Inc.

Bothell, Washington



We have audited the accompanying consolidated balance sheets of Neah Power Systems, Inc. and Subsidiary ("the Company") as of September 30, 2016 and 2015, and the related consolidated statements of operations, stockholders' deficit, and cash flows for the years then ended. These consolidated financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these consolidated financial statements based on our audits.



We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement. The Company has determined that it is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the consolidated financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall consolidated financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.



In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Neah Power Systems, Inc. and Subsidiary, as of September 30, 2016 and 2015, and the results of its operations and its cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States.



The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern. As discussed in Note 3 to the consolidated financial statements, the Company had an accumulated deficit of $69,150,040 and a working capital deficit of $2,614,501 at September 30, 2016. Additionally, net cash used in operating activities was $878,548 for the year ended September 30, 2016, and the Company has experienced recurring net losses since inception. These conditions raise substantial doubt about the Company's ability to continue as a going concern. Management's plans regarding this matter are also described in Note 3. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.





/S/ PETERSON SULLIVAN LLP





Seattle, Washington

August 8, 2018 "

I don't know if this is good or if this is bad...they may be setting up for the big pocket pick. We will see of they catch up on any more of the past 2 years.

JMHO

Bill

Yeahhh..the rest of the board saw this back in May or June, don't remember.

#1 - We already know about the existence of the NEAH XNRGI private company in India, it most likely has to exist in order for them to do business and especially land government contracts in India. There is a picture of the guys at a defense conference on the intro to this message board.

#2 If D'Couto was planning to privatize Neah/XNRGI and stiff NEAH shareholders why would he name the new company the same thing as the old company ? I mean yes let's leave a LARGE breadcrumb trail for the shareholders of means with lawsuits.

#3 This was not written by D'Couto, he was interviewed and what was written was his answer. Basically, 3 questions asked of the leaders of 3 companies in India.

Question 1: "Tracing the Technological progress of Energy Storage in India, could the next Big technological revolution be in the storage of solar energy? "

Question 2: "How are you gearing up for this technological revolution? "

Question 3: " what are the challenges the sector is confronting? "

This is about the energy storage industry in India. He is the CEO of the private company licensed in India, so why would his title be an issue ?

He expounds on the advantages of the XNRGI battery which is the reason any of us are still here.

No where in this article does he state "And then I'm gonna steal the IP from NEAH and take this private without paying existing shareholder's for their stock"

Much interpretive latitude taken by some here, for no reason.

JMHO

Bill

I think he meant, what vendor would want to get paid in NEAH shares ? After all, then they would have to sell them.

Bill

Is there a reason you expect to find a link between Tesla IP and NEAH XNRGI IP ?

Currently the only public patents NEAH has are Fuel Cell patents.

XNRGI has nothing...just run a search on Patents and Patent Applications nothing comes up for XNRGI.

Jmho

Bill

The abstract itself has interesting information.

However, the tried and failed NEAH method of pumping white papers with theoretical applications to "sell" their technology will result in failure just like the fuel cells.

Jmho

Bill

0 volume yesterday and 8,200 sh today.

Nobody interested in buying, now D'Couto is off to another conference, go figure.

Bill

The post is an abstract that was submitted in preparation for the conference below.

https://ecs.confex.com/ecs/aimes2018/webprogram/Paper115485.html

Looks like D'Couto wants to go to Cancun on vacation and is also still looking for a whale.

I wonder who C. Diaz, and M. McGee from XNRGI are.

JMHO

Bill

That is not Argonne's site.

It is the DOE SBV and they apparently do not update it.

2 years later there are companies still showing "negotiation ongoing".

As you know it took almost a half year from the start of NEAH's project to the update showing them "in progress" which is a different designation than all the other companies listed as they show "active".

Jmho

Bill

I don't think we have to worry about that hand feeding us anytime soon.

Whats a decade between the fiduciary and the victim of the fiduciary failure ?

That should be NEAH's motto " ONE DAY MAYBE ! "

Heck of a trading day today, the hand must have been busy.

JMHO

Bill

No more XNRGI twitter , No more XNRGI Facebook not that they ever tweeted or posted but they aren't even pretending they are a real company with a new fresh look anymore.

I wonder if thats a record, having a twitter account for X amount of months with absolutely 0 tweets, and a Facebook account for a company with 0 pictures, 0 posts.

JMHO

Bill

Most likely went quiet because there is no need to unload massive amounts of stock by that individual's employer.

Which one of those "dilutive lenders" did he work for? I wonder.

JMHO

Bill

Those are the buys, whomever is servicing this stock does not have any in their possession to sell.

Your buys and anyones buys are covered by the broker with a Naked short, as I said before, then there is "selling" that occurs to allow them to actually cover.

They are getting stock from the "endless fount" most likely why Neah has stopped reporting the AS and OS. We may be higher then 3 billion in the OS, but we will never know, you call the transfer agent and a receptionist will tell you that you need to send a request by US mail for any information.

I'm sure those US mail requests will somehow get "lost".

Yeah, this is a company with nothing to hide.

JMHO

Bill

Yes they appear to be.

A couple of posters on the yahoo board want to throw DCouto under the SEC bus, and nobody would deserve it more.

Jmho

Bill

That post was a joke. Hoping new guy wasn't showing up to hammer the SH.

That linkdIn profile of
Garfield's states that he wants a job as a CFO for a 100 million to 1 Billion dollar company.

Is that a plea to D'Couto to give him the XNRGI CFO gig ?

Bill

No he is not listed as CFO at XNRGI.

He is listed as a CFO at Monte Nido from Dec 2012 to present.

In the XNRGI job experience listing he shows as May 2008 to Present.
Currently the Chairman of the Audit Committee and a Board member.

Not new to NEAH/XNRGI.

Bill

I just hope his nickname isn't "THE HAMMER "

The two "exits" are a hint and most likely why we are being held at these bargain basement prices.


Bill

I know MAFF is hard for some, but are we close to .03 today ?


Bill

Yup. I feel sorry for the one who bought at that price.

Yeah, I didn't sell, no one really got a chance to. I went the opposite and averaged down so here I am like everyone else.

This is Neah. You average down and it goes lower than your average.

In those days D'Couto had a twitter contest or some such and the winners were supposed each get a "powerplay" micro-fuel cell. Way later it was claimed by one of the winners that they got "mock-ups". That's D'Couto.

Here's hoping the leopard has changed its spots.

Jmho

Bill

I can find that one through the search on twitter. The one I no longer see, is the one that was set up when the Facebook acct was, with the same color graphics as the web site.

Probably pulled due to non-usage in the latest twitter sweeps.

They never tweeted anything so no big loss.

Bill

WHY ? I mean really, WHY ?

"Patrick Pharris, Director of Corporate Communications

Mr. Pharris has been involved in marketing communications for more than 25 years. He has amassed 26 national and regional marketing communications awards. The publicity campaigns he has created and implemented for hundreds of the world’s largest brands, breakthrough-technologies, and governments have generate more than 6-billion media impressions. His experience spans public relations, social media, digital marketing, sales promotion, media sales, sponsorships, and business development. Mr. Pharris is also a published author and former TV news producer and reporter."

I want this guys job !

" uh Yeah, I'll be at the beach...then the gym, and then I'm going hiking in Nepal, Europe after and I'll start thinking about communicating with someone in October, for a PR in 2021..uh make that 2022 I'm tired"

JMHO

Bill

Yes that "Seven Cent wonder Hour " it has been touted often, please remind the board of the price at the beginning of the day and at the end of the day.

Some of us have jobs that prevent us from keeping a minute by minute view on this little pig. I also might have blinked my eyes and missed it. Definitely not close to 7 cents at start or end of the day or for more than a few trades if that.

R and D lots of it, by all those Executives on the XNRGI payroll ?

Most R and D companies have departments with engineers, scientists and the like. Oh yeah, they hired ONE last month straight out of college.

After all, you can't have an R and D startup without an engineer.


Bill

Has there been a share selling opportunity that I was not aware of ?

I notice you do not comment to the fact that Massive amounts of new money are needed to take NEAH/XNRGI to the next step, yet you somehow expect everyone to believe that they will have the same percentage of ownership after the new money buys in, as they had before.

But then your the same guy who denied that "dilution" was going on as we went from 300 million shares in the OS to 3 billion.

This stock has gone from "pumps and dumps" to just dumps. Its a little difficult to sell in a continuous never ending slow dump.

Bill

I think you were saying that 5 years ago.

7 employees mostly executives.

The mistake many startups make before having a product or customers.

Bill

Don't worry even though Daimler had announced working with different battery companies and Universities on EV battery solutions they are keeping their deal with XNRGI secret. That's quiet confidence.

The M size batteries might be able to run a RC vehicle, I guess that is progress over a white paper.

And don't forget that XNRGI solutions LLC sitting in New Jersey waiting to legally absorb The NEAH assets and give us 15% of the whole for our patience.

JMHO

Bill

You say quite, I say quiet. However, I don't read quiet confidence in what they are doing.

They have stopped the reporting of the AS and OS by the Transfer Agent. That is hiding information.

They have never updated the # of SH since 2016, that is hiding information.

Their social media accounts remain quiet, I think their twitter was jettisoned in the latest cleanup. Seriously why create them if there is not intent to use them.

What I don't understand is all the innuendo, which is really unsupported by anything concrete.

Seriously, some here making much ado about a tweet that was not even made by anyone at XNRGI.

Its getting deep here and seems to get deeper when the price drops, as it did on Wednesday. Not sure what people are upset about, if you believe this will be a wild success then its a buying opportunity.

JMHO

Bill

Uh. Yeah. All the companies at the Advanced Automotive Battery conference are linked to XNRGI in one way.

The Tangents here are getting wilder along with the apparent desperation or something ?

Bill

Not really anything close to XNRGI.

Fisker had a sample of their 3D material at CES 2018 in Jan.

Not a Microchip wafer or even close.

Bill

That was a whole lot of effort to make nothing seem like something.

If XNRGI ever does make a vehicle battery pack to test, I am sure it will be because they have a customer to test with.

Tweeting about something that does not exist to gain "exposure" just gives more people the wrong impression about this co.

Some users here, one in particular appear to prefer the smoke and mirrors method of promotion to sell stock.


Jmho

Bill

Musk tweets to the world. Some nobody tweets back about a non-existrnt truck.

This doesn't help XNRGI do anything.

Bill

No.

Someone named Tehnolog ( @tehnolog14 ) who just joined in June of 2018 apparently does not want to wait for XNRGI to develop some EV batts, tweeted to "Elon Musk"

"New pick-up with XNRGI batteries
Quote:
...high energy density demonstrating (> 1600 Wh/L) 405 Wh/kg 6X the energy density of a traditional Lithium Ion battery. The next generation Lithium Metal Air (4400 Wh/L), 680 Wh/kg..."

of course there is no pick-up with XNRGI batteries, so it was for nothing.

My Question: What happened to the XNRGI twitter? I cannot find it anymore.

Not that it was worth anything, they never tweeted to it, so it was basically just like the NEAH twitter, maybe that dude wanted to get paid 20K also.

Bill

No mention of XNRGI at all.

https://www.autoguide.com/auto-news/2018/01/mercedes-working-toward-solid-state-batteries-applying-48v-tech-across-range.html

"Among those start-ups Källenius referred to is StoreDot, which Daimler Trucks partnered with back in September of last year. The Tel Aviv-based company has developed a nanotechnology material for lithium ion that will eventually enable a commercial electric vehicle’s battery to charge from flat to full in five minutes, it says. Daimler has also entered a partnership with Solid Power, a Colorado-based start-up that is looking to develop and scale solid state battery tech. "

Bill

If you believe that is the scenario they will follow, why would you be buying shares ?

I have no idea so I am not currently buying.

Bill