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Might be possible that they never get this done. Like so many other things they claim they are working on.
Looks like more of the same from this co.
JMHO
Bill
The stock price does not indicate a successful merger. Wait another week to get the push to Aug or sep...then maybe a reverse split announcement...
And we already know what happened after the last reverse split....
These guys can't or don't want to execute on anything.
JMHO
Accountable ? In what way ? Intel and other capital venture investors got nothing for their 50 million, hence no new money from anybody.
Let's take score !
Buzzbar gen whatever = Nada
Buzzcell any gen = Nada
Power Chip = Nada
Formira = forward looking press, actual = Nada
All forward looking PR to sell stock, actual developments or sales are non-existent.
Crowdfunding = Epic Fail
Silent Falcon = more like silent fuel cell
The merger to become a battery company...not the initial goal but a shot at making revenue,getting some competent management and more importantly distribution locations. Shorai Merger = Nada.
Stock price indicators for future action = Minus Nada.
Probably two weeks away from a reset of the goals to September. In September they will defer to December and then with nothing to report or show as accomplishments they will most likely defer to the next Feb with a different direction. This is the pattern shown in the past and the pattern they are showing right now.
No accomplishments with news spurts every few months then silence in between, with goals shed/forgotten/never mentioned and on to new goals to get everyone "excited".
JMHO.
Hoping for an acceptable exit point which does not seem to be possible.
Bill
I do not think NEAH and its supposed partners are on the brink of anything.
Here is what i think is the problem. NEAH does not understand how to sell an actual product. They seem to be trying to market their tech with the "potential" that it has. You cannot sell a product with white papers and patent filings.
You have to have an actual product, show it working, show a version with thousands of hours. Have sold it to someone and be able to show product longevity and durability. Show how it is advantageous over other competitors. Show that it will be cheaper or more reliable. You cannot do that with a whitepaper.
A partner that can use the tech to manufacture and put the technology in the hands of potential customers on a trial basis is needed. That is an integrator and NEAH does not have one. They cannot even proceed with the merger of a company that does not manufacture batteries but is instead a reseller. I would assume this is to provide income but is not happening and probably will not happen.
Bill
Agoracom was not communicating with Shareholders anyway, mostly due to the fact that the company was not answering any queries from Agoracom.
They were selected to put a positive spin on things but you cannot put a positive spin on failure you can only counsel patience and that is what Agoracom did; along with deleting anything with a negative slant. It was worthless so its loss is minimal.
The powers that be at NEAH do not seem to understand that they need to execute on one level and succeed then improve on that. They seem to be buying time trying to find a magic bullet to success with minimal interaction on their part.
Time is money and the management at NEAH appears to be squandering both, all the while changing strategies without completing any single one.
My confidence in this company is at the lowest point ever.
I have divested 70% of what i had accumulated, some at a profit some at a loss and do not plan to buy more ever.
I hope they catch a break or a clue.
Bill
We aren't at a billion shares because the company is holding them tightly now. They went through a 200:1 reverse split in 2009...to supposedly help them get on the AMEX.
Now they are at 1 billion shares, no AMEX, still on the OTC and no deals , no product. Anyone who thinks dilution is not happening is fooling themselves.
It's about time for another reset, I think the next reverse split announcement will happen this year or early next year.
Selling the shares themselves on the open market no, they are not doing that, securing operations capital thru extremely diluted financing is what they are doing and their lenders are dumping shares like there's no tomorrow. They get their money, the lenders get their money, the only people who lose are the shareholders. The pump and dumps keep ending with the price lower and lower and the peak during the pump is lower and lower.
Bill
Let me guess...there is so much interest that they are mulling over mutiple offers from various billionaires for the merger money.
or
Nobody believes them ,nobody trusts them and nobody wants to lend them the money.
Guess this means more pathetic attempts at a pump n dump.
Lets watch them re-release the same forward looking statements to a different pr company and watch the penny pumpers come on and shout "this is gonna explode "....more like "implode".
Bill
Oh yeah ! They have had a half a year to complete this and couldn't. But some folks will choose to believe that it has and they just haven't released news cause its not Tuesday...
The merger does not have to take till the last day to complete, could have been done way before if it was going to happen. This is the same NEAH story of failure to execute as the last 7 years coupled with the standard NEAH failure to explain the failure.
Face it, nobody wants to lend these guys any money.
They ran an aggressive dump and pathetic pump and the results are evident in the stock price. Oh well, what can you expect from a fuel cell company that can't even show a working fuel cell ?
Waiting for the July 15th deadline to be published...but if they run this like they ran the Buzzbar release they will defer to sept 15th and then fail to deliver while declaring victory.
I hope I am wrong.
Bill
According to D'Couto everybody is interested...the reality is that nobody is buying.
The new battery tech trumps the old Buzzcell which was last years great leap in technology which never happened...the drones are so last quarter.
Gotta keep the stock selling machine going, the real news which is not news and is S.O.P for these guys is Nothing sold, Nothing bought, Nothing manufactured, Nothing designed, No new contracts, No old contracts, No financing, No solid news.
Maybe I'm just a glass half empty kind of person...or maybe the glass is just really completely empty IMHO.
Bill
These guys can't even run a decent "pump and dump". The pump is half hearted with no price appreciation and the dump is massive and immediate.
I would call this a "puke and dump"
For Bullrunner..Why did Tekion do development work for Mantra and then suddenly the upper management and tech guys leave Tekion and go work directly for Mantra ? What did those insider guys know that we do not ? Things that make you go hmmm.
Bill
I agree with you on that. I expect the next delay will be for two months, then the push out to September.
Looks a whole lot like the Buzzbar deliveries.
Bill
Agoracom is a joke, NEAH is a joke, of all the questions asked on their board in the last few weeks the only one answered by NEAH management was about buying NEAH stock directly from the company.
I guess that answers the question of what NEAH's business really is.
The great news is that a share of NEAH is worth more than 9 sheets of Scott 1000 toilet paper..uhh maybe not.
Bill
Bullrunner7 with all due respect, NEAH has NEVER shown any fuel cell running anything.
PowerChip - never shown actively charging anything
Buzzcell - never shown actively charging anything
Buzzbar - its a battery, not a fuel cell.
A demo has been requested many times with no response from NEAH.
D'Couto has held some odd contraptions in some of his pathetic Agoracom presentations that look like a junior high school science project but nothing in a finished professional manner.
If you have a video of NEAH showing a demo please share.
Bill
Nothing has changed in the land of NEAH. Can't say I'm surprised.
Bill
It looks like "Irons in the fire" turned out to be "out of the frying pan into the fire".
The timing of the 10Q seems to be suspect as it falls in line with what looks to be another failed attempt to merge with Shorai.
I don't think this company knows what they want to do. The KRAFTWERK crowd fund success shows that the interest in portable power generation to the micro-scale is a valid model, yet NEAH abandoned it.
They jumped on Drones and went nowhere.
Other Formic Acid company MVTG also seems to be in limbo.
Perhaps this is like the early 2000s and its too early for affordable Fuel Cells, certainly NEAH doesn't seem to have one for sale, cannot fill orders from 2014 and doesn't seem to have a clue as to how to market the idea.
We were hoping to see them merge and maybe finally begin to earn some revenue, but that seems to be out of their ability to accomplish.
IMHO this co is swirling down the drain.
BILL
They have effectively had shareholders focused on the merger and completion of said merger, which they seem to be unable to accomplish.
Meanwhile, nothing else seems to be happening on the home front related to the core business of fuel cells.
Another half year down the drain.
Bill
Sounds irrational to pump and connect dots that don't exist. But then it's easier to unload to a new bag holder if you insinuate great things are gonna happen.
Bill
Naw, I don't think I will do what you suggest. I'm not gonna buy more no matter what the price, but I will sell when I deem it the right time.
Till then I will call it like I see it.
Hey ! how about that BuzzCell demo ?..uh if they have one designed and built yet...maybe they are waiting for gen XXII to finally demonstrate.
Bill
No Thanks ! I have more than enough of this stock. I do not have the confidence in this company to risk more than I already have.
I hope they can execute but not confident that they will, other bumps in the stock price here in the last few years have come from vapor. The Tekion asset acquisition bought them some more time as "redesign" happened , but that hasn't panned out to any sales, products, revenue or anything substantial. No wonder Shenkin was dumping.
Bill
It's interesting in a depressing sort of way, the exact opposite of "excited".
Bill
Look at it this way. You have a couple of possible scenarios.
One - NEAH is making deals on Formira and Battery combos and the DRDO is on the cusp of making a 15 million dollar licensing contract with them, they will use that to power subs and wearable smart weapons. The deal with Tectonica is another venue for the same tech. BASF is building a Formic Acid plant in the US for formira powered vehicles and Drones....all this and the stock price is sub-penny.
or
Two - nothing is happening they can't sell squat, can't manufacture it if they did sell something. The DRDO isn't making a deal with them, they can't make the Formira power a drone, or a sub, or a phone. They can't even hand make one to demonstrate. All this and the stock price is sub-penny.
The only FACT in all of this is that the stock price is sub-penny. Which scenario more closely matches with the stock price being sub-penny ?
Bill
If they had the money why did the merger not go through in April ?
Stock does not behave as if anything is happening at all.
Even NEAH seems to have given up and stopped the half hearted pumping.
Bill
Yeah, or june 14th, or july 14th, maybe sep 14th, and what happened to the Buzzcell which was supposed to be ready last year ?
Hope we don't get another update with nothing we don't already know as a pathetic attempt to pump.
Glad you are excited bullrunner...
I haven't seen anything out of this co that indicates success.
Funny guy. We can only hope they can learn how to execute. So far they are none for none. At this point they have failed to execute and to communicate . they do not learn from their own past mistakes about self imposed deadlines.
Not a beautiful response. A comment was made about the fuel cell and the response was about the ERC...two very different things.
My post on Agoracom was deleted immediately. I didn't expect it to stay up and it didn't.
This is SOP for both NEAH and Agoracom. pathetic attempt at a pump..then stonewall.
You have to wonder. If the formira product was so good. Why did Tekion go under and why did Motorola abandon it ?
I wonder what the next PR will be. They always try to direct attention elsewhere when they fail to execute.
Yup just a whole lot of " were gonna do this" " we intend to do that "
No execution just more speculation and vagueness.
Bill
This reminds me of last summer when they were going to have the Buzzbars ready by June and the Buzzcell was a sure thing for September.
Then nothing on the Buzzbars till October, and the Buzzcell was put out to December but they were on a mission to raise funds...
They still never showed us a working Buzzcell but then they were on to bigger and better things, they had a letter of intent with the drone company and "FORMIRA", then they finally got the slow boat to China to stop in India and drop off some stuff for the DRDO.
Then a "SUCCESSFUL" demo there honest! but they can't produce a youtube video for us with anything resembling a fuel cell. So as everybody ( annoying shareholders ) starts clamoring about a DRDO contract...uhhhh nothing.
Hold on! We have an intent to acquire a battery company ( always with the batteries ).
Today we have no Buzzcell, no DRDO contract, No Shorai, No Drone contract or demo. No Ion Geophysical. No big box stores.
Its my opinion that these guys have problems focusing, planning, executing, communicating, marketing, demonstrating and maybe designing and developing also.
I can also say that I am not buying any shares..not trying to drive the price down, NEAH has that part covered through lack of execution.
That's why I am stuck with a boatload of shares, oh well the next RS will take care of that problem.
Bill
Heard this one also. next week , then next week, then next week. Then..and so on.
Bill
And that's why the insiders don't need to wait to buy on the dip..seriously the dip ? on a subpenny stock ?
I just wonder what the next excuse/diversion will be.
I was really hoping this deal would go through, Shorai could have taught the NEAH personnel about management, marketing, manufacturing and all the other things that go into making a product and then actually selling it. These are things NEAH has no clue about.
Bill
The bad thing is, NEAH can't even afford the breakup fee. I wonder what the new distraction will be.
I am sure it won't be a fuel cell since they apparently can't make and demonstrate one.
maybe a patent application or a white paper describing an intent to have a meeting to discuss the possibility of attempting a plan for an an even more efficient fuel cell than they dreamed of two years ago. After all, that is progress isn't it ?
" a bag of excrement, oops I mean excitement for everyone "
Bill
No boiling frog just a sleight of hand...Top Tier defense contractor then silence, a "company in south africa" then silence , Ion Geophysical then silence, Big Box retailers then silence, Silent Falcon..then silence no pun intended, DRDO..then silence Shorai then silence..
In other words "there's a whole lotta nuthin going on".
You just can't make this stuff up..uh but I guess somebody did.
Should change their name to NADA Power Systems
Especially with a mythical "BuzzCell" which has never been seen,yet continues to advance in generations behind closed doors. I can hear them now..."if you ordered a gen 1 we will promise you a gen 8, if we actually don't decide to advance to a gen 10 in 2020"
Hopefully they can merge with the battery company and actually sell a product and a big milestone would be to actually fill an order on time and deliver it on time.
No action on the Agoracom site because anything critical of the co posted there is deleted posthaste.