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Yeah except we were supposed to hear in Q4 2015 about 6 million dollar funding ( heard nothing ) , then in Q1 2016 ( heard nothing ) then in May 2016 ( heard nothing ).
Now in June with the stock price at just about WORTHLESS, the story shifts to "we just do Batteries that's our new route" yet RWFZS touts national labs that do "fuel cell testing" , which is it?
Hmmm lets look at what would be possible at the end of June even if there were a positive outcome.
Possible yes on Funding - we may find out which lab actually will collaborate with NEAH and how much development dollars would be granted for development. Grant money is for that specific purpose not generating revenue yet, just government aid in completing development of a product. A product of which there are many other competing products also funded by the DOE. No victory dance yet..just the validation of an idea.
Possible no funding...death toll, however I am sure in accordance with NEAH protocol we would then hear of "FUNDING" in september.
This stock has survived not on accomplishments but on possible "FUTURE" wins "SOON" speculation for the last three years. The story constantly changes due to the inability to follow through by this company on any of its strategies/business plans.
The pisspoor pumps orchestrated are one to two day affairs with heavy volume, a small price pop accompanied by a large amount of selling which the results in a stock price lower after 3 to 4 days then the stock price before the earth shattering news.
The chart tells it all.
JMHO
Bill
Another puff piece with things that never happened or led anywhere for this company.
It appears that companies were interested, did D'Couto do something that screwed up so many possible deals, who could fail that many times ?
JMHO
Bill
Yup an article / Puff piece from 2014.
FACT: Nothing came of this no buzzcells, no samsung, no nothing, this just proves that nothing D'Couto says comes true.
No explanations on what happened just forward looking statements then silence on the matter. Not the way to run a company.
JMHO
Bill
The prices today just illustrate that no matter how low you get in at, the price will go even lower.
Those geniuses who bought at .0008 and .0009 with the idea that there is not much downside are now upside down.
D'Couto is now squeezing water molecules from the NEAH sponge...he's not gonna leave anything.
Jmho
Bill
RWFZS,
Not to be disrespectful but I don't think D'Couto reads these boards and if he does, then he probably drinks a 5th of Canadian whiskey to cope after reading what his shareholders opinions are.
The third party battery testing company is most likely in development stage if they exist at all. Many companies are currently developing "super batteries" NEAH does not have the "Magic Bullet" because if they did they would not have a problem raising funds.
If you want to connect dots connect these dots....
1) Stock price/Capitalization
2) lack of funding besides dilutive share selling.
3) lack of an office/lab
4) ZERO finished contracts for technology.
5) ZERO revenue over the life of the company. 1 PO from DRDO most like to cover costs of DEMO does not count.
I mainly wondered how a very technically savy and successful individual as John P. Neufville invested 500,000 dollars in this company. I thought that his involvement would solidify some plans and execution by this company but it has been years and nothing has happened, so maybe really smart guys can make mistakes also.
Other than unrealized PRs nothing has ever happened at this company in the years I have been invested in it.
JMHO
Bill
Most of these innuendo posts are laughable. This one is the best. NEAH had an MOU or was it an LOI ? With a sub company and NEAH threw that one away was supposed to be for 80 plus units...what did they say on that one ?
" We don't have the financial capability to develop/build these " What ? I thought they are always bragging on fuels cells that don't need air. And they were going to have to develop these when they already claim to have them.
This one did not smell so good then it kept getting worse as time went on .
JMHO
Bill
Look who's clueless ! Sorry bubba but this company and its officers do not have the capability of developing or following a focused business plan, oh yeah or the money,it's in every filing.
For all of this company's history this CEO has been all over the map with business plans , teaming agreements , LOI's, MOU's. This CEO throws crap at the wall to see what will stick..too bad nothing has EVER stuck.
Keep trying to convince people to buy this junk stock with fairy tales.
The stock price says it all.
JMHO
Bill
So you are saying an office manager is all you need for a factory ? Is there a filing or any registration documentation supporting a NEAH office in Pittsfield ?
I don't think so. Connecting dots that don't exist doesn't work for this co. You can't even reliably connect dots that they have PR'd.
Jmho
Bill
Not really. April update looked like the march update...in May NEAH didn't even bother with an update..most likely because there was nothing to report.
No financing probably nothing ever.
Price tells the story.
Jmho
Bill
The fuel cell company that didn't sell any fuel cells is out of the fuel cell business. Not a bit of accomplishment in 10 or more years.....
I hope he doesn't think he can get 10 more years out of a batt scam.
But hey D'Couto got to have lots of meetings and fly around all over the place as if he was really trying to accomplish something.
This company is a big joke...
All those buys today nullified by the huge sell at the end of the day. Par for the course at NEAH.
I bet that busy guy D'Couto never filled out any DOE grant applications either. The lab escaped out of his yard...so no deal with the lab.
Jmho
Bill
Unfortunately no interest from the supposed financiers. Almost end of may 2016. No money....pr'd by D'Couto for Q4 2015...and continuously till announced for may 2016...whoops not here yet.
You talk about an almost complete wind down of this company as if it is a positive thing.
Now the fuel cell company is a battery company. Never sold one fuel cell. Sad sad little do nothing company with only the last man standing.
Jmho
Bill
Reverse splits without Dilution may or may not result in losses, in NEAH's case we have taken about as much loss as we can take short of Bankruptcy.
A reverse would allow the company to steal the last dregs of monetary value from the existing shareholders.
First by decreasing their share counts, then the second part of the one two punch by diluting the artificially increased price/sh back to nothing.
Looks like they stopped the dumping shares, hoping some suckers will start buying so they can start dumping again.
JMHO
Bill
That company completed a reverse to stay on its exchange , not because it had exhausted the monetary value of its current shares like NEAH. It also actually sells fuel cells and has a wondrous thing called "revenue" that NEAH has never heard of.
NEAH has too low of a market cap and too many shares in the float, if they reverse they will just start issuing and selling stock and keep cutting the retail shareholder's share down and driving the share price down.
NEAH stays in business ( if you can call it that ) by selling stock , not by selling its tech ( if it actually has some to sell )or adding value in any other way.
Pretty soon we will hear about a vague LOI with another vague company in a vague country that is extremely excited about NEAH's tech.
Earth to D'Couto !....that one stopped working a while back, how about a TRUE ACCOMPLISHMENT for once ?
JMHO
Bill
D'Couto never announced whether he applied for the DOE grants or not.
Most likely another lie to sell shares, this company is pretty much done, nothing being accomplished, no funding just stock selling which is eroding the stock value.
Sorry I ever bought into this BS.
JMHO
Bill
Once again high volume however today its mainly sells not buys and by quite a bit more. Seems like someone is trying to create volume to make it seem as if something is happening.
A huge buy at the open coupled with a late buy yesterday as if something is amiss then a little more buying and then the heavy dumping to the tune of 40 million shares...
I'm gonna side with nothing is happening except maybe some stabs at manipulation.
Stock price at its lowest.
JMHO
Bill
Possible as buy volume was 18 million and sell volume was 2.3 million.
However the price went down with all the buying as the ask started at .0008 and ended at .0007. Maybe MMs are playing games. Very strange.
Bill
Yup. That's what I was thinking and wondering why D'Couto would even go there for funds.
If you look at the companies they claim to have invested in on their website, some are not in business any longer.
It definitely does not look good.
JMHO
Bill
NEAH has been playing the "FUNDING" card for almost 17 months now. They started that line of BS with the "supposed" purchase of Shorai.
Here is a snippet of a warning to HVAULT employees about Bart Stuck from Signal Lake and "FUNDING".
"hVault employees - If Bart Stuck asks you to take a cut in pay because the money is coming "in just a few weeks" run as fast as you can. Month after month he stood in front of dozens of desperate InPhase employees whose pay had been slashed to minimum wage promising the same thing. There was always just one more hurdle until the papers were signed by a mysterious overseas conglomerate. At one point, the lawyers were on the plane back from Europe with the signed papers. Nothing ever materialized. In short, he lied. Over and over. Do your research and due diligence and see for yourself how trustworthy Bart Stuck is when it comes to employees whose lives he ruined. Can *you* stomach 11 months at minimum wage?"
If I was D'Couto I would be worried...at least he is not excited anymore , now he is just "enthused".
JMHO
Bill
By all means read the 8k and see who the supposed financier is. Then simply google "Signal Lake", google "Bart Stuck" and google "InPhase". There are some articles in " The Register " about inphase, hvault, and then go to the readers comments to see what some have warned about Signal Lake.
http://forums.theregister.co.uk/forum/1/2012/04/17/hvault/
Whoops , this is what we have been experiencing for the past year " Financing coming soon "
The fact that D'Couto clearly named this company as the Venture Capital Fund that is going to lend "THE MONEY " and that we can easily find information on Signal Lake leads me to wonder whether D'Couto did his due diligence or simply does not care.
I hope D'Couto has filled out his DOE grant applications, or found financing elsewhere cause this is as I suspected, not going to go anywhere.
I don't know who is buying this stock other than someone with a death wish to their 401k or just a market maker.
The "Term Sheets" piped about since last year never happened and still not happening, Here we are almost in the middle of May and D'Couto is quiet as a church mouse.
JMHO
Bill
Those things are steps which when followed thru might lead to success, they are not success themselves.
NO business plan or execution without the "LOAN" and no loan in sight, apparently the "INVESTOR" already supplied the money to the "LENDER" but the lender does not want to give it to NEAH....it takes 3 months to sign some papers apparently.
I am being sarcastic, I suspect there was no loan..I suspect that that the PR was put out, a small loan was cut by the same said lender and this was supposed to lead to frenzied buying but it did not. Nobody trusts D'Couto so the plan did not work.
Same type of scam happened last year when they were going month to month with the Shorai deal, they filed a SEC form on a loan for 1 million dollars and this spiked the price for a day or so as people connected the dots to a merger which never happened.
Par for the course with NEAH, issue press releases, throw in some insinuation and then follow though with NOTHING.
Sad situation and really not the way to run any company.
JMHO
Bill
Yes, wouldn't it be nice if it was possible to speak about an actual success by NEAH, unfortunately there are none.
Jmho
Bill
And get an honest answer from the source of sh problems ?
Good luck !
In the past I was in the Seattle area, called NEAH for an appointment to see a full buzzbar suite and was curtly told that they did not have any demo units at the office/lab. I was pretty thoroughly discouraged from visiting the office.
That is when my outlook on NEAH started to change. sold millions of shares at that point.
Now none of the current situation surprises me.
Jmho
Bill
By your definition NEAH will be the worlds first 20 year startup....
Cause at this rate .it will be that long with a few more reverse splits before revenue, if ever. More than likely BK, just paying off the ex CFO....
Jmho
Bill
Its an exhibit with the edgar filings. Just go to the NEAH sec page thru the NEAH website.
His "take this job and shove it " letter says NEAH owes him a quarter million ( approx ). With his wonderful track record who would hire him ?
Maybe he is taking advantage of Seattle's higher minimum wage.
Either way it does not look like D'Couto is getting his 6 million dollar loan, why would the CFO leave if there was money coming ?
Maybe being an insider he knows this is all make believe and wanted out before the final crash. Or we can believe it's all true and money is coming and he wanted out before everything was successful.
Which do you think is the situation we have here ?
If he hasn't already, maybe D'Couto should be frantically filling out DOE grant forms, or making a deal where he gives up a significant portion of his ownership in order for the company to survive.
JMHO
Bill
Hawke,
Yes NEAH is what it is. I am not saying different or making things up, just calling it what it is, saying what it has done.
If NEAH accomplishes something measurable I will laud them for it, however they have not, they only attempt to spin nothing into something.
They play to the future possibilities, yet never make a time deadline, they don't accomplish late, they just never accomplish at all.
JMHO
Bill
Yes, lets compare.
PLug bought Relion, they have sold fuel cells for telecom to Sprint, however it was under a DOE funding arrangement but they do have fuel cells that power telecom towers.
They sell to big companies like Walmart for forklifts, this is because fuel cells keep the lift working 24X7 vs batteries which have to be charged. In closed environments emissions are critical.
So Plug sells fuel cells, Ballard sells fuel cells, NEAH does not.
Neah goes into another category along with Mantra and Dominovas which have pictures of fuel cells but do not have one they could show you if you stopped by. Mantra may have some but they are Lab
experiments.
To claim NEAH is comparable to companies with revenue is a huge stretch, NEAH does not make and has never made revenue. They burn loaned money, that's all they have ever done.
Years ago they claimed to be at an inflection point, they inflected up for a short time as investors believed their PRs. Very big mistake to believe them. They have since inflected downward and have stayed on that course.
JHMO
Bill
Simple difference.
Ballard sells fuel cells, they may not make a profit doing so but they actually sell fuel cells, the stickler ? Platinum catalysts are very expensive.
NEAH also uses platinum catalysts ( they say ) so if they ever manufacture and sell a fuel cell it probably won't be profitable either, however they only consume electricity , rent space, buy airline tickets, pay D'Couto's business expenses, and salaries. That's where they make their losses.
Big difference and hence the big difference in MARKET CAP and therefore stock price. Run a one year chart you will easily see it.
JMHO
Bill
Cry Much ?
Don't blame me or others who are unhappy with the non-performance here, blame this companies management.
JMHO
Bill
Let's not call it failure...lets call it a complete lack of success.
I don't remember them saying not to expect anything for 3 to 5 years.
I remember them saying they were ready to commercialize "POWERPLAY", then they had a copyright problem so it became the "BUZZBAR", then it turned out the "BUZZBAR" was a battery not a fuel cell. The fuel cell would be the "BUZZCELL" and they were taking orders, but they never filled those orders , however the winners of the contest to receive "BUZZCELLS" received mock ups not actual fuel cells, the mockups were well received according to NEAH, however they were mock ups and did not work uhhh.
Yeah no lies. just a lot of shifting around and some omission and then misdirection, some zigging then zagging, all the while the price is declining continually. Nothing to be proud of here.
As for the "not much downside from here" it can always go to zero.
JMHO
Bill
From the 10Q.
"The deployment of our business strategy has been delayed during 2014 and 2015 by the availability of capital and our inability to raise sufficient capital to fund ongoing operations, sales and marketing and production."
OH YEAH ! EXTREMELY BUSY BEHIND THE SCENES !
JMHO
Bill
That's laughable, as if NEAH is a threat to anyone and needs other companies against them.
NEAH is NEAH's worst enemy. No execution and no revenue , that is a fact. If you want to get a rough calc on where the stock price is headed, factor in ZERO revenue, and then just cut the 2 million dollar market cap into 5.4 billion shares.
Funding ? Nowhere to be seen.
Contracts ? none
DOE grant submission ? Should have been in feb according to their first PR on the matter, then later in the march update, its not like they are busy doing research or handling contracts. The least they could have done is completed a submission.
The mythical super battery ? Meh, its just a myth at this point.
Buzzbar Suite ? Old myth
Buzzcell ? a rumor of a myth
Silent Falcon ? A quiet Myth, silent almost.
DRDO ? 2 year old Myth
JMHO
Bill
Since NEAH has not announced a licensing deal with anybody. We can assume they don't have one.
Difficult enough to get follow through when they announce teaming agreements , much less connecting dots when they haven't announced anything.
Jmho
Bill
Since NEAH has not announced a licensing deal with anybody. We can assume they don't have one.
Difficult enough to get follow through when they announce teaming agreements , much less connecting dots when they haven't announced anything.
Jmho
Bill
And that is the key aspect to all of what you posted.
All of that and no loan, and a repeat every quarter/year of "NEAH could not execute their 20xx strategy due to insufficient capital"
Q1 2016 down the drain.....
JMHO
Bill
I agree, they keep repeating the same forward looking news as if different people will see it.
Maybe that is their attempt to market themselves. Follow other companies and maybe get different people looking at them then re-tweet own news to the new observers. EPIC fail so far.
Sad that they think they can get more traction from old news, they worked the heck out of the white house visit and the price was up for a day. So far updates are always a re-hash of the older updates so not really new.
Q1 2016 is over in a little over a week and another missed NEAH timeline.
They plan to apply for DOE grants, WOW what go getters !
When they announce they have 4.5 million dollars in hand I will rethink the potential here, until then, this is a vaporware share selling scheme to me.
JMHO
Bill
You are correct, no investor who has paid for shares would sell at this price at that level of loss.
Only ones who can sell at this level are NEAH power who just create shares out of thin air, no cost to them just another vote to open the A/S and then to put them into the float.
Keystroke manufacturing, why sell fuel cells when stock is easier to manufacture and sell ?
Price goes down ? No problem just sell more.
This can't go much lower ? It can go to ZERO.
Why buy this when all it does is go down ? You say the market is not ready , well that seems obvious. May as well not buy any more of this garbage stock until the market is ready.
You make the biggest argument of all not to buy this stock.
JMHO
Bill
Here's one, take from it what you will.
venturebeat.com/2016/03/02/watch-out-tesla-new-batteries-from-hi-tech-energy-agency-coming-fast/
Bill
I am not against NEAH and I hope you are correct.
Bill
I would say patience is advised due to the fact they have only two employees. D'Couto and Schmidt, No development staff and no funding to move forward.
I would also guess that they may reverse split this to wash out all current investors, because as soon as they reverse split, they will start diluting again as they have in the past.
How they would fulfill any actual contracts would be interesting to say the least.
Like I said about the invitation to the White House you ask to get invited because you want to help fix the country. That's the premise of the Business Forward Group.
"To date, the organization has also brought more than 3,000 business leaders to the White House"
JMHO
Bill