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Did you ever think that there are some companies or people,for what ever reason, may not want this company to get off the ground. Posting negative comments could help scare new people off and discourage some longs that get frustrated sometimes. It seems to be one of those things that we have to put up with even though it would be nicer if they weren't around. I might add that some people do things like that just for kicks because they like to stir people up. It seems to be very popular and they are on every board to some extent. There is even a special name that refers to this type of person. I can't think of it at the moment but I think that it is a Holloween type of name.
I posted a rather lengthly explanation of the way a Dept Of Economic Development works. My wife works for Louisiana State Dept. Of Economic Development. I guess you could say that it is based on information from the inside. It is on Yahoo board this morning in case you might be interested.
I think it will be very interesting to learn the exact terms of the agreement. If there is no PR until then, at least we have something to look forward to. Thanks for the information.
They did at one time indicate that they were applying for some bond money to cover ramping up production and operating capital. They indicated that they were looking in the Houston area and wanted to purchase a manufacturing building there for wind turbines and fuel cells. The ARSC office was suppose to relocate there. This last PR gave out only that the Hydrogen company at Ohio University aquired a building on a lease purchase agreement. We are all looking for some news on financial resources and that would be great. If something comes through in the next month or two, I would expect the current AS would be enough to see them through. As time goes on, it could get to be a nail biter. I indicated in October that if certification didin't come around before December, I would expect the pps to drop below .03 and some called me a basher. The longer things drag out, the less confidence people will have in the company and the pps will go lower yet. When they give out information,it is sometimes vague and causes many different perceptions. I am right there with you on the wait and see. I do believe that this year things may get a lot better.
The key words are "Working On". While working on it, they still need money from somewhere to pay the bills. The AS are being used for what they are ment for. Thats what companies do. The fact is that the Execs took stock last year instead of monitary compensation and with the value of the stock at the time, it put a good dent in the AS. Everyone has to eat and they are doing what they can not to put too much of a burden on the company while it is just starting. Don't get me wrong. The execs stand to make tons of money if the company takes off and I for one think they should get it. It isn't easy trying to get money when the markets are doing the down thing. We will see, in a few weeks, how much money came in the last quarter due to POs. Certification would be a nice tag when trying to get a loan but it hasn't happened yet and some are skeptial. And thats the way it is. IMHO
Visit The New Building On Line........ Looks cool.
http://www.meigscountyohio.com/spec_building.htm
It will be nicer when they have money to put lots of stuff in there.
Outstanding Shares............ I called the transfer agent this afternoon and the total for now is 183,667,256 - 1/17/2008-
All the web sites list the last update as 176,72-,---. It has gone up some but it does seem to be going up a lot slower than in the past.
Thanks Lakes. You seem to be a very nice person and the compliments help me to realize that some take my post the way I intend them.
I Love it. Anchors away my friend.
With that small a trade, someone is just trying to manipulate the price to get a good buy with a much larger trade.
I may be able to aquire Nautical skills with the growth of ARSC. At this point all I can afford is my kayak. If you could squeeze my 401K, only this company would precipitate out. I am ,you might say,long on this company. According to most post on this board, my impending wealth is a done deal. I am confident they are all right and at the same time, I have no need for nail clippers. I suppose that certification will come around like a thief in the night.
It's a cliche for my self perceived paddling ability.
I submit that it is a fact in my mind and posted as likely but not fact. I contend that my obsevations are more objective- less pro or con- than many post on this board. I shouldn't have to prove an opinion any more than anyone else. When I have posted a direct quote from the company, it was dismissed as not accurate any more. No written quotes by the company were submitted to back that up only an alleged phone call. He said,She said is always up for denial but something written is locked in until changed in writting. Why don't you phone the company and ask them to give a press release stating that they are selling production units and shipping before certification. That shouldn't be too hard if it is accurate. I beleive things will work out but in a slower time frame than a lot would like to believe. I again say that I am 100% behind the success of this company and only hope for the best outcome. It will mean a prosperous life for many of us.
Accept that there ruts in the road that have to be paved over and I submit that was indicated from management several weeks ago.
I disagree that leasing is a bad idea. A lease is a write off on taxes. Buying outright only ties up assets. If they ever want to move, droping a lease is much easier than selling property. There are few companies that actually buy property. Production equipment is one thing that wouldn't be easy to lease because it is usually dedicated to a certain task. Buildings are generic. Lease and take the write off.
Pure speculation,but I would expect that to be correct. If the PO's were received in January, any income from that contract would show up on the first 10QSB for 2009. If everything is as it seems,the PO for 10 received as a result of the Texas demo would be on the report ending December 31. That could explain the slower increase in OS that has been suggested on the board.
I hope you are right. Nothing could be better than to see a SEC report indicating the start of cash returns.
Houston, TX (BusinessWire) June 5, 2007 – American Security Resources Corporation (OTCBB: ARSC) announced today that its Hydra Fuel Cell subsidiary is taking pre-certification orders for its advanced HydraStax® fuel cells.
Mike Cherry, Vice President -Marketing of ARSC, stated, "We are currently negotiating purchase orders for demonstration systems in our target markets of telecom and residential. These units can be delivered pre-certification in a beta environment or customers can order them for delivery after certification."
I agree with what you are saying about non US markets. I maintain that if you take what the company puts out as it is said, you are adding execptions to the above press release.
This is where I would say that if you want to make those exceptions, you might confirm it with the company first before you assume it to be true.
We write Purchase Orders all the time and never have to pay 100% up front. Most of the time on a special purchase, 10 to 20% is due up front and the balance is due within 90 days after delivery. Sales were defined by the company in June when they anounced that they would start taking orders. I understood the PR to state that beta units could be sold asap but production models would be available after certification.
I didn't see any exceptions made for non US customers. I would like to be proven wrong because this is not in my best interest. I also have seen a lot of hype generate fast but short pps rises. I am not a trader but am in for the long haul. For every trader making a haul, one poor jerk has to loose. I have to take every PR with a grain of salt. We all know the company has to be able to paint a good picture to make their stock last longer. Longs make money based on growth of the company. My bet is that the company will grow but it will be a waiting game for a while longer.
The next financial report will tell us the difference between perception and reality. Until then, maybe we will get some good news on a different front like bond financing or the ACE unit. By the way, CSA has a catagory for Hydrogen generators. I would expect that the ACE unit would fall into this catagory. We will likely see some ACE beta units before too long. There are many skeptics saying the system won't live up to expectations with ammonia as a source of fuel. A beta ACE unit in place providing hydrogen and documentation showing the cost savings will do as much for the company as certification. IMHO
Don't expect Revenue from fuel cells until certification....
As stated in June, they will offer beta units or customers can wait until the production models are ready. The production models won't be ready until the certification process is finished. CSA is the only party involved. First I expect that they tested the manufacturing process-that is so all cells off the line can be labeled as certified. I expect that was completed in May. Next they started testing the cell at their facility. That is the part the company is waiting for a thumbs up. Guess what. The PO written by the company in Florida stated a time limit. That is the time they are giving the company to finish certification and deliver the cells. I'm not indicating that there won't be any income. Most of the time a PO has to include a deposit for the product. We may see that. I bet a dollar to a doughnut that ARSC can't release a production model until certification is in and good luck if you think anyone will pay for a beta unit. I have plenty of stock in this company and I think things will happen but not in the time frame most investors want. Like everyone else, I don't have a clue why the certifcation process is taking so long. I contacted CSA and they wouldn't give me a ball park answer. They said that the process is different for each type of certification applied for.
I gave you directions to the rules and the rules disagree with you.
I think you are fighting a loosing battle. It doesn't seem to matter how much sense you make or legalities. If someone wants to argue, thats what they are going to do.
Go to University Of Cincinnati College Of Law.
SEC Rule 14a-6 Filing Requirements.
Read and get back with me.
No exemption for any State filing in this area.
There seems to be missinformation floating around about authorized share increase. Based on prior dealings with a company in dire need of more authorized shares, I can tell you , with no doubt , they must bring the request to the share holder for a vote before anything can be done. The time line would be a matter of months because proper notification is required by the SEC before a vote. As long as there is no meeting of the shareholders, there will be no increase in authorized shares. Bank on it. If you can't, feel free to ask anyone familiar with SEC regulations.
Thanks for the last part. It isn't said enough.
Actually the CSA is an international organization located in Canada. The certifications they provide are recognized world wide. Some countries are more strict than ours when it comes to certification. Most countries have their own guidlines for testing. The CSA is suppose to be an unbiased organization that certifies the product meets those guidlines. The problem with the new fuel cells is that most countries don't have well established guidlines on how to test and assure that a safe product will result and also conforms to the manufacturer claims. From the lack of share sales by ARSC, I would agree that they may be expecting income from another source. If it is documented by the end of December, it will look very well on the EOY SEC report.
I would agree that with every milestone, the stock should be more expensive to buy but the idea is to market a less expensive fuel cell so I wouldn't expect the product price to appreciate too much any time soon.
I agree with everything you say except statement no. 7....
They had better have the production model completed because that is what is suppose to be certified. You can't certify something that isn't complete. Any changes to the unit would have to be tested and approved by the organization for the product to remain certified. IMHO, the production line has to be complete for inspection for quality of construction. Then one or more production models have to be made on the line. These models are then tested by the organization. After completion of their testing, the units are tested by a third party. If passed, the production process becomes certified as well as all the units comming off the line. Anything comming off the line before certification can't be sold as certified,even after the fact. Any changes before the testing is complete and the whole process would have to be repeated.
I would like to challenge any one to prove this as not being the case. As I stated, MHO.
They have to pay the bills. If they aren't selling any shares, they are expecting some income shortly from another source. I like that the share count remains the same and even though we haven't heard anything, this is cause to believe something is up. The wait is draining though. I like the comment,"It took me three years to make a million dollars overnight.".
Ya think the OS is going up again???
Sorry I was so quick to ask another question. Right after I posted it I found some level II info on this board. It's ashame that I haven't been following this information. Thanks again. I've been with ARSC stock for 2 years and it looks like be with it for quite some time. It's nice to learn new things along the way.
Thanks for all the info. It may take me some time to digest all that. I'll keep at it.
Monthly share volume report is indicating the MMs and how many shares they bought/sold (it is a month delayed)
Important (on Level II)
1. to see who the players are
2. and who to watch for
I think I missed where this report can be located. My account is with Etrade. Should I be able to access the report through them ? Is it available on the internet through public access?
No one would be crazy enough to install something in a house and not be able to insure the house. Everything in the house has to be certified as being safe. If it isn't and the house burns down, the insurance agency can get out of paying the claim. Would that reason be good enough to want the unit certified ??
The company needs revenue to operate. Either they can sell shares or they can get revenue on sale of goods or services. Of those options, they only have shares at this point. Shares are ok as long as the company has shares to sell and by doing so they dilute the current outstanding shares. The better option is to sell goods. Everyone believes that income will be no problem once the units are certified but many are skeptical about if that will happen before the company runs out of money to operate. They seem to be spread sort of thin with several companies and one source of income. Certification is a big hurtle and it seems that things will be like a yoyo in pps until something starts producing income.
Selling rights to use ACE technology could light the fuse but it won't happen until it happens. If certification doesn't happen for another 3 months, I wouldn't be surprized to see the stock drop below .03 at some time before then.
The above is my sole opinion .
How much time does it take to build a system,ie.., weeks or months ?? Do they expect to ship the order of 10 within the 4th quarter ? Will the ACE unit have to be certified also ?
Do they expect to ship the next 10 units as "Certified"? Is the order contengent on cetification ? What is the capacity of the ammonia holding tank that will be the fuel for the current private installation ? How long is it suppose to last at full load ?
The above questions are many. Please pick out a few of these if you please.
I sent a link for "Gerardine G Botte and Ohio University" to the following :
Alternate-Energy.net
Discover Magazine
Popular Science
Popular Mechanics
Science Daily
Howitworks
Discovery Channel abc.net
I suggested that she claims to have the answer to the problem of Hydrogen storage.
I didn't drop the ARSC name because that might be advertizing.
If these people are interested,they will do the research and it will bring them to the right places.
The ACE is what makes the whole idea feasable. Without the ACE, it would be just another UPS type system only for emergency backup. The cost for Hydrogen storage would make long term operation impractical at this point. What they installed is a system based on the Hydrostax fuel cell to power a home long term without the ACE ammonia unit. The Hydrostax is a Beta unit,not certified, so I think that the Hydrostax will need to be replaced with a certified unit when the ACE unit is installed. The installed system makes a good PR and shows what it is capable of but I am thinking that the real Hype won't start until the system is complete. The ACE unit will give ARSC the edge and I think that they will at that point have to expand production to keep up.
Some of the above was just my opinion from following ARSC since December 2005. It seems like from the post I've seen so far, research is above average on this board but anyone new to the stock needs to get as much information as possible before making any trade decisions.
I'm new to the board. I frequent the Yahoo board. It would be nice for a magazine to pick it up, Maybe even Popular Science.
I would hope that maybe trade jounals would come online first. That would attract people in the sector looking for a good buy. I first saw ARSC in a trade Journal and have buying ever since.