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Window shopping ain't buying.
The proof will be when someone buys it, applies it and the world gets to see it.
Right now it's just another rumor.
What happened with the supposed Tectonica demo in October ?
JMHO
Bill
It is not as if I do not want them to succeed, I just don't believe in cheering their propensity for accomplishing nothing, and for substituting that failure with hot air then claiming victory.
If they fail then they fail and my investment goes to nothing ( its almost there ).
It is really too bad that the company cannot give shareholders an actual finished , monetized contract with recurring revenues to be positive about.
If NEAH was a football team, would they have ANY fans ?
JMHO
Bill
The price of this stock is not where it's at because people are saying the truth ( you call bashing ).
It's at the price it is at because every day the company is in operation it spends money, if it does not earn revenue then it gets harder to borrow money, and the deeper in the hole they go, so the cost of money for them goes up and the loans to continue cost more. To offset this they sell more stock which dilutes the float even more. The longer that they go without creating revenue the lower the price goes.
The success of the company has to come from the company, not cheerleaders on a message board.
The fact that the CEO of this co is compelled to use vague interviews is due to not having anything of substance, I notice this last interview was not an update it was the CEO trying to sell his previous PRs.
Unfortunately one of his PRs states that they are ready to close on 6 million dollars in funding in Q4 2015...whoops that didn't happen !
Since nothing announced in 2015 happened what;s a shareholder to think ?
Oh yeah according to you I should follow Bull's strategy. Okayyy..
"This things going to the Moon !"
JMHO
Bill
If this was a done deal the price would reflect the fact. All this phone interview was, quick terse and ambiguous for a reason. So that we connect the dots that aren't really there.
I will wait till they put a completed monetized contract in a SEC filing, all else is just innuendo.
JMHO
Bill
And I quote " We have a lot of detail" uhhh that is the opposite of we have a lot of ambiguity. Which is what they actually have and still not even pictures of these "early adopted" fuel cells.
Oh yeah , they showed a camo painted tin box with a glass jug " granny's best moonshine ", with noise in the background.
D'Couto is reaching and can't organize a well presented demonstration of their products to even convince perspective shareholders that they are legit and have legit products.
Don't worry ! Contracts next quarter, Honest ! and We are Excited !
I mean really !
JMHO
Bill
Do you ever actually use the tools provided on this website ?
Looking at the trades yesterday there was huge imbalance of sells to buys.
Today there was a huge imbalance of sells to buys.
actual buy volume 721,000 then sell volume 3,553,000.
Doesn't seem like the market believes D'Couto.
JMHO
Bill
uuhh Go Shakespeare ?
Only fact that needs to be known is lower lows and no financing as was announced by good ole Chris. More of the same next month, next quarter never realized goals.
Next announcement will either be an update with the same info as previous updates or a different direction in an attempt to sell stock.
jmho
Bill
Wish you were correct, however somebody has been the selling the heck out of this thing the last three trading sessions.
maybe its end of year tax selling maybe not.
JMHO
Bill
Yeah, deep down the only thing pumpers can comment on is the negativity of some disillusioned shareholders.
The sad fact is that they cannot comment on the wonderful achievements of this company because there aren't any, just forward looking statements that are never realized.
Lower lows, can only be blamed on the failure of this co to follow through on any milestone achievements and timelines that they themselves set and announce.
JMHO
Bill
Now we know what he will be pushing in 2016, it didn't work in the last two days so he may have to look for another forward looking fantasy situation to PR.
Nobody believes anything they PR, they will have to come up with something legit to regain credibility.
He set the timeline for supposed funding and while he has a week left before the end of 2015 I suspect like every other timeline he has set it will head into the ether.
All we have to look forward to is lower highs and lower lows and some pretty drastic dilution after they increase the A/S.
JMHO
Bill
Unfortunately when the company in question has a history of failure to complete the commercialization of their product, it tends to be an indicator that they have deeper issues.
While it is possible that they may hit one out of the park, the odds are not with them.
So we will take your main excuse that the "whiners" are impatient and that this industry is in it's infancy, you are basically saying that the world is not ready for fuel cells, they are too advanced. The company has not yet developed the fuel cell that will save the world.
We can also take that as advice that we should probably wait for the A/S , the reverse split the inevitable downfall of the reverse inflated price and buy in cheap in a few years and thus avoid the reverse split compression of our existing holdings.
Okay, that seems more accurate then they will all of a sudden develop HOD fuel cells that can run large drones, vehicles, and have a magically available fuel distribution network.
Those are still not positives for the current situation.
JMHO
Bill
If the past is any indicator, we will not hear anything else about the MOU with the mysterious entity in relation to licensing , royalty payments, a JV or any such thing.
If we do it will be that they are still in negotiations, just like the DRDO ( high level even ) , Shorai ( need money ) the "investor" ( 6 million honest ! ), big box retailers ( they love us ! )
Did we get coal in our stockings ?
Maybe its a coal miner, oh yeah the insinuation is that it is a platinum miner and they will give us money and platinum and make the fuel cells, the best of all worlds.
What happened with the 6 million ?
Why is it always next month or next quarter ?
JMHO
Bill
Lets just call it more of the same, because that is what it is.
Next quarter HONEST ! as if we have never heard that one before.
They are excited ! Sounds like 2013, 2014, 2015.
JMHO
Bill
Lets not forget the one LARGE fact that nothing they have ever announced in the way of potential contracts and licensing deals has ever been finalized and monetized.
The "paid for demo" for the DRDO does not count as it was a reimbursement for a demonstration and not an income deriving contract.
JMHO
Bill
Somebody sold a lot of this stock yesterday and at very low prices, no news yet other than an expensive re-finance of an existing debt.
Stock not acting like a 6 million funding event is happening this year, most likely another NEAH bluff.
Without something actually completed, this stock is headed into the utter depths of valuation.
The time is done for forward looking PRs, need to have some milestone achievements that can be substantiated.
JMHO
Bill
There are actually two notes.
1 for 170,000.00 and one for 388,000.00 I am of course not being exact with the numbers.
I do see the buyout of the Intermountain debt as a positive as they just sell into any buying and destroy any share gains as they were making profit no matter what the price was.
We will see if they release any appreciable news after this to positively affect the stock.
This may be a positive step #1. Not sure, but trying to stay positive in my outlook as there is some potential for this to be good. There is also potential for it to be the same thing but it looks like NEAH is trying to break out of the proverbial rut they have been stuck in for a long while.
Sometimes when a company is faced with complete failure they will do things to survive and buy time such as the Intermountain loan, then as they increment forward they catch a better deal or at least another extended lifeline that buys them more time.
We can only wait and see.
JMHO
Bill
Increasing the A/S to 5.4 Billion and then reserving almost 1.3 billion for this loan is a bit much.
To borrow money to pay off a loan then not leave yourself enough to operate on seems like a waste.
In order to move forward from here they will have to secure another loan.
Maybe this was a first step and then next funding will be another large chunk with the 6 million and 3 year payback clause. This is a Connecticut based investment firm as was described in Letter #1. However the terms described here do not match the ones in the shareholder letter.
I agree about postponing the pain for a year...maybe the stock will finally be allowed to move up. I have my fingers crossed that the intentions for doing this are good.
JMHO
Bill
Interesting, most likely means that they are not getting their 6 million or whatever they announced in their pumping "shareholder update".
After all why would you do this if you were getting 6 million from another source.
"On December 17, 2015 the Neah Power Systems ("we" or the "Company") received a payment on a December 16, 2015 Securities Purchase Agreement (the "Securities Agreement") with Union Capital LLC (the "Investor"), for the sale of a 8% Convertible Promissory Note in the principal amount of $170,250 which includes legal expenses in the amount of $70,240.46, together with a replacement note in the amount of $388,427.77, which retires the Company's obligations to Inter-Mountain Capital Corporation LLC"
"The notes bear interest at the rate of 8% per annum. All interest and principal must be repaid on or prior to December 17, 2017. The note is convertible into common stock at the price of sixty percent (60%) of the lowest trading price in the prior 20 trading days. The Company has the option to prepay the $170,250 note at the rate of 120% of the face amount if repaid within the first 60 days. "
Doesn't look good.
JMHO
Bill
I am pretty sure that's not gonna happen.
However that is what they wanted investors to think so they issue their lame shareholder Letters 1 and 2 to keep the exodus down with a specific Q4 2015 expectation of a funding contract.
The stock price is not indicating that anything of significance is on the Horizon, although they re-tweeted and "welcome to the startup team @ NEAH power" from Kolegraff VC network, yet when I go the Kolegraff twitter page I can't find it.
Things that make you go Hmmm...
JMHO
Bill
Same story different day with this co.
Jmho
Bill
I will write slow so you can understand.
I was referring to the "blinded by greed" comment in that post. As for understanding the bleeding edge..well the bleeding edge spin is referring to was developed and abandoned by Motorola years ago.
That leaves NEAH to find other applications, and while useful they are not the "bleeding edge" , that would refer to developments so far in advance that applications are not yet developed.
This is not the case here, in this case the tech must be ADAPTED and made useful to existing technology, here they must prove to customers that their power source is superior to existing and available sources, whether is in reference to cost per unit, cost of continuous operation ( efficiency ) and cost of fuel.
Another major factor here is the availability of this wondrous fuel, because if it isn't around to power the various devices then it isn't really cheap, its actually useless.
So even if NEAH convinces someone to buy their tech, they also need to be able to provide fuel, just announcing that BASF is the chosen provider of fuel is not enough, someone will have to build a huge distribution infrastructure to ensure fuel is available where it is needed.
JMHO
Bill
I actually agree with you on some points , however your SPIN is a bit off.
The stock is up approx 50% , however lower than anybody but new entrants at the multi year low could have bought in at. Only toxic financiers and "those in the know" could have taken advantage of this fraction of a fraction of a penny increase.
I couldn't as I was not about to wash sale out of my tax loss, very glad about that.
Shareholders dumping would have mainly been at a loss, as the last high was lower then previous lows in most of the history of this co.
The inability of this co to actually execute and finish a product it the reason the stock price so low not the "whining"
The selling of stock in greater quantities and at lower prices is the other reason no one wants to take a chance.
Other fuel companies are also doing the same, I agree, most likely the time for fuel cells has not arrived.
The battery business ? that remains to be seen, as they have not demonstrated the ability to move into any business, they are like college kids playing research their whole lives. At some point you have to monetize it.
JMHO
Bill
I cannot think of any financial adviser who would have recommended buying into an OTC stock as speculative as NEAH with failed mergers, failed commercializing attempts, and moving target goal setting.
They cannot even update a website to remove defunct links to a failed crowdfunding attempt, or even an old defunct investor relations site. If they cannot be bothered to perform even simple housekeeping, how serious can they be ? Professionalism does not happen spuriously.
Yet the pumpers here blame long term investors complaints as the reason why the stock is at a fraction of a penny.
There is a reason why you aren't a stock adviser either Bull.
It is my belief, that the letter to shareholders part I and II were an attempt to slow the end of year tax loss selling and "save ", ha, the pathetic stock price spiral.
I don't think they will announce a funding event this quarter or at least the event they proclaimed in the PR.
JMHO
Bill
No its not true, anyone who has been here for a while bought in at a much higher price even counting averaging down, in case you didn't notice this stock is at its all time low.
This last run if you can call it that ( i call it manipulation ), was a few day run from a low of approx .0019 ish so unless one bought only at that price, their average stock price was higher, it only went up an actual fraction of a penny, whoop de do !
That just speaks to how low in the crapperola this stock is when a fraction of a penny is a high percentage point.
Greed is not the key work here, SURVIVAL and LOSS MINIMIZATION are key words here.
JMHO
Bill
Maybe not ! Most likely not...I already completed my tax loss selling on this stock, we will see what happens in Q4 2015, I suspect nothing, if history is an indicator.
With A/S opened up by multiples of existing which is already high the degradation of this stock price to nothing is guaranteed without substantial news.
JMHO
Bill
I'm thinking you are correct. Maybe they had to pay for holiday shopping.
Well I was only optimistic for a few hours. Much like the vaunted 7 cent NPWZ stock price, it also only lasted a few hrs.
JMHO
Bill
Wow, the past week buys and sells were pretty even..today its mostly buys.
Maybe something is up with NPWZ.
jmho
Bill
Oops that was 5.4 billion not 4.5 billion. What's a billion shares between friends huh ?
What company that expects millions in revenue in the short term to be provided, makes that kind of dilution possible ?
They will nullify stock gains just by selling into any good news as they have already done in the past.
As for the gains so far, we have gained a fraction of a fraction of a penny.
Maybe if they announce they have the financing secured we will move forward at a better clip.
JMHO
Bill
.More like we are steeped in REALITY...
Nothing has changed, the flavor of the Pie in the sky promise has changed but that does not change the fact that it is a pie in the sky promise. They should change the name of this co to WE.GONNA .
And its quietly wrapped up in a nice A/S increase from 1.8 Billion sh to 4.5 Billion Sh.
Gee, that's like printing money! ..except it ain't extra, it comes out of the shareholders SHARE.
That nice fact was not announced in letter to the shareholders was it?
It is however in the Financial update on the investor tab of the website. What A coincidence !
Bull that swirling ride you are on ain't at DisneyWorld. Tell the Tidy Bowl Man I said Hello !
JMHO
Bill
In the 1800s it was called "priming the pump".
I prefer to go to NEAH's past and their penchant for forward looking PRs that announce events that never actually materialize.
This Part II was no different. Part 1 created interest ( which was nil ) and anticipation of the closing of an important milestone deal and the proof was in the volume, part II did not announce any such thing as was anticipated. When you look at it is more of the same forward looking statements.
They never addressed the supposed Oct 15 demo to the Australian Army the Quality stocks had announced back then. Another one into the ether.
This time they announce the negotiation of a deal for a demonstration with Clear Path..."who's gonna pay for lunch at the 100th showing of the same youtube video ?"
A non-binding MOU with some guys somewhere for a LOT of money. OKay.
Relating to Shorai, just what we thought.
Somebody is buying, however unless a whole lot of somebodies are buying, this high float subpenny is going no-where.
JMHO
Bill
I would wait to see what part 2 says before declaring victory, they are running out of A/S to sell after all.
Everybody was wondering what the next "look over here" strategy would be after Shorai..you may be seeing the first portion of that.
After all they didn't say they had it in the bag, they said it was possible they will get it in Q4...ooh I have never heard them give a milestone date and not make it.
If its legit and price rises, then better for us SH, if it doesn't well that's just more of the same.
JMHO
Bill
Think of it as a pie, the pie is cut into x amount of shares.
You have Y amount of shares.
When they increase the AS and sell them to raise money the size of the pie ( market cap ) does not necessarily go up. However, x goes up meaning the pie is cut into more pieces thus your piece keeps gets smaller.
This is not a stock split, it is dilution. Been happening continuously since the last reverse and if the AS is raised will shrink the value of your shares even more.
Easy peasy..AS goes up, your percentage of ownership goes down. Not sure the share price can take much more dilution.
JMHO
Bill
Constructive criticism, here goes.
Keep the website current, actually include information and basic statistics of your products. Directing the public to the website at the end of every PR for more info and then not providing it creates distrust at the outset.
Innuendo is not your friend, if a deal falls through, announce it and get it off the website, silence on a subject is not the answer.
If NEAH expects to sell the "FORMIRA" products they will have to go a significant way towards providing a solution for making the fuel available.
JMHO
Bill
With the majority of the other Fuel Cell companies at least we know they have a product ( very basic necessity ) to sell and do sell.
NEAH has timelines they themselves has set that they don't meet. Events that they announce in PRs that they do not follow up on. mergers that they announce that fizzle into obscurity.
When things like these happen, shareholders are left to think that the only reason for the PRs is to sell stock not announce events or milestones.
NEAH themselves announced commercial availability of products that actually aren't available, blame the corporation, not the investors.
Here is my favorite: Dated 3/10/14 " NEAH To Send Latest Version Of BUZZCELL to Consumers and Commercial Partners for product Feedback"
It was announced later after the fact that they were sent "Mockups"
Nice...and professional...not a working fuel cell but a mockup.
Comments ? Explanations ?
JMHO
Bill
More like the " Nexus of nothingness " money goes in but it doesn't come out.
NEAH try actually acting like a business not like someone's personal hobby. Hint: businesses exist to create something of value.
Lower highs and lower lows...only expectation at this time is that the price will go further down.
JMHO
Bill
Unfortunately for NEAH the 3rd grade forum is not willing to help NEAH snare new bagholders in order to make a profit.
Since you are so smart as to be condescending in your defense of failure, tell us SPIN , what is the plan for success which has eluded NEAH since its inception ?
Keep selling stock ? This is a "going broke" strategy, no one believes the "Good Dr. " any longer.
Only success will raise the stock price, although you and your handlers have the old "reverse split" tool in your pocket. I am sure that will be used before too long, but as has happened before you will end up at the same place.
Part of being public is the expectation of accomplishment.
JMHO
Bill
Actually we are whining about NEAH's lack of foresight and fortitude.
You say selling a product is not guarantee of being profitable yet not selling anything is a SURE way to go broke.
UNLESS you are only interested in selling stock, reverse splitting and selling more stock.
JMHO
Bill
Can't be a long list the company does not employ that many people.
Don't see why you are so ticked at PLUG, at least they actually sold some products. And at least they had some time in the sun where the stock price was highly inflated. NEAH touters here love to remember the run to .07 which lasted all of an hour.
Don't complain at us for stating the truth, go complain to NEAH and tell them so sell something ! anything ! Manufacture something ! Anything ! or sell a license to manufacture something.
JMHO
Bill
I watched the Video, they are very excited.
Still trying to get mileage on the 3 units shipped to DRDO. Name dropped all "teaming" agreements.
Old Donald did not ask him why the website did not have any information on any of the products and why it had not been updated for a few years.
Same old, same old...The Big box retailer and, myself are also very excited due to exciting ability to exist without manufacturing a product, or selling a manufactured product or selling a non-manufactured product, licensing a product , selling a license to manufacture a product, selling a license to sell a manufactured product, selling advertising on someone else's manufactured product.
He cannot sell the same sad, overstated situation. I wonder what the think tank will come up with next.
I may buy a million shares on dec 29th after tax loss selling is done for 145 dollars the way this thing is going.
I can ask for my certificates and wallpaper the garage or the barn or a kmart warehouse.
JMHO
Bill
Mulla, sharks don't need lifeboats...
Bill