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At least there hasn't been any false accusations plastered here for sometime. I still hold almost 900K, I doubt the price can go much lower than it is already. Congratulations on MRDAF, I hope it holds up better than CAGI did.
Well, looks like Walter has the usual to release this morning - Nothing! Way to go Walter!
Is that our connection with McDonald's. : )
I wouldn't mind but I doubt that it would ever happen.
.0005 X .0007 eom
.0005 X .0006 eom
My patience with Walter has run out. I do believe he has tried to bring PT to market but his blunders and apparent lack of business sense have led to too much cash burn which equates to dilution. We need a new CEO plain and simple.
Thanks mlf, enjoy your weekend also.
Don
Speaking of rubs, don't forget that the "$235,000 in assumed debt" was what Sentry owed to Corporate Strategies (aka Cousin Connolly).
Laugh of the day ...
Power Technology Signs New Contract with Emerge Capital Corp. Subsidiary for Advisory and Acquisition Services
Monday, February 13, 2006
Emerge Capital Corp. (OTCBB:EMGC) announced today the signing of a new contract with Power Technology, Inc. (OTCBB:PWTC) for advisory services. This is the third advisory services agreement for Power Technology, led by Tim Connolly, CEO of Emerge Capital Corp. and its operating subsidiary, Corporate Strategies, Inc. Bernard J. Walter, CEO of Power Technology, stated “We have come to rely on Corporate Strategies for their sound judgment, experience, and advice. We look forward to a continuing successful relationship.”
May 17, 2006 Power Technology, Inc. announced that it has acquired the assets of Sentry Power Systems LLC for a total consideration of $1,195,000, paid $960,000 in common stock of Power Technology and $235,000 in assumed debt.
And the real kicker is: Walter was advised (freely I might add) by numerous shareholders that it was NOT a good idea.
It seems that shareholder patience has run its course with Walter. Too little progress and a history riddled with errors.
New Electric Car Battery Available for ZAP XEBRA Truck
Wednesday March 14, 10:00 am ET
SANTA ROSA, CA--(MARKET WIRE)--Mar 14, 2007 -- Electric car pioneer ZAP (OTC BB:ZAAP.OB - News) is offering a new electric car battery that can extend the range of its XEBRA Truck by as much as 40 percent. The new batteries are now in stock at ZAP and can be purchased through your local ZAP dealer.
Officials from ZAP are saying the new batteries are a reasonably priced solution to provide more range for its XEBRA customers. The sealed, maintenance-free, lead-acid battery was specifically designed by a battery OEM for the XEBRA truck. The batteries are not yet available for the XEBRA Sedan. ZAP says a set of batteries will sell for about $1,200.
ZAP has been researching new battery technologies for its electric vehicle developments. In January, ZAP announced that it was testing a new battery management system from a Danish technology partner that can improve the performance and safety of lithium batteries.
ZAP has also been exploring other ways to give its customers more range. Last week, ZAP announced that its solar option for the XEBRA was now available for the truck as well as for the sedan which can help extend the life of the batteries and can even provide a few miles of free electric car driving if parked for several hours in the sun.
About ZAP
ZAP has been a leader in advanced transportation technologies since 1994, delivering over 90,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, hydrogen, electric, fuel cell, ethanol, hybrid and other innovative power systems, ZAP is developing a high-performance crossover SUV electric car concept called ZAP-X engineered by Lotus Engineering. The Company recently launched a new recharge-it-all technology that provides power for mobile electronics, including cell phones, digital recorders and laptops. For more product, dealer and investor information, visit http://www.zapworld.com.
Every once in awhile I have to check my birth certificate to remind me of what my middle stands for. lol I just checked recently. : ) Are those things accurate? lol
That's about $15k @ .045/share. It's good to be the King and in the King's Court. Amazing salary for an official rubber stamp.
Remember when our company used to give presentations like this? I see that Firefly is giving a presentation in Session 4.
ENER1's EnerDel Subsidiary to Deliver Technical Presentation on Lithium Ion Batteries for HEV at Advanced Automotive Battery Conference
Tuesday March 13, 11:02 am ET
FORT LAUDERDALE, FL--(MARKET WIRE)--Mar 13, 2007 -- Ener1, Inc. (OTC BB:ENEI.OB - News), an alternative energy company, announced that its EnerDel subsidiary will be making a technical presentation on lithium ion battery development at the Advanced Automotive Battery Conference (AABC) in Long Beach, California taking place from May 15 - 18 this year. EnerDel is a Gold Level conference sponsor and is also exhibiting at the conference. Hiroyuki Yumoto, Director of Cell Development for EnerDel, will be making a presentation at the conference on "Li-Ion Battery Pack Systems for Hybrid Electric Vehicle (HEV) Applications." The AABC conference is attended by over 600 participants from all over the world, representing a strong cross section of the industry, including automotive customers, Tier 1 suppliers, battery developers and manufacturers, as well as leading academic and research institutions. To visit the AABC web site, go to: http://www.advancedautobat.com/AABC/index.html.
In a separate development, EnerDel announced that it delivered lithium ion battery cells for the next phase of testing by an independent laboratory. The batteries will be tested for high hybrid pulse power characterization, cold cranking, efficiency and lifetime performance. EnerDel expects that the test results will be available in late April 2007. EnerDel stated that the company expects that the performance of these cells will further improve on the results that were recently announced in February. In that announcement, EnerDel reported excellent test results for power-assist goal performance, including tests for static capacity, hybrid pulse power, self-discharge and thermal performance at various temperatures. EnerDel said the initial tests results show that its cells met and exceeded all established performance goals.
About Ener1, Inc.
Ener1, Inc. (OTC BB:ENEI.OB - News) is an alternative energy technology company that is developing 1) lithium ion batteries for hybrid electric vehicles (HEV) at its 80.5% owned EnerDel subsidiary through corporate ventures and strategic partnerships with Delphi, ITOCHU and EnerStruct, 2) commercial fuel cell products through its EnerFuel subsidiary, and 3) nanotechnology-based materials and manufacturing processes for batteries and other applications at its NanoEner subsidiary. For more information, visit http://www.ener1.com and http://www.enerdel.com or call 954-556-4020.
Maybe we should send in the barker. lol We could use some resemblance of marketing.
A Battery Beyond Belief?
A secret, fast-charging, powerful battery.
By Tyler Hamilton
The first peek at a much-hyped new battery technology will come courtesy of electric cars made by Zenn Motor of Toronto.
Credit: Zenn Motor
Is EEStor of Cedar Park, TX, for real? The secretive company announced earlier this year that it plans to begin shipping a 15-kilowatt-hour electrical-energy storage system that can propel a small electric car 322 kilometers and takes just minutes to charge.
The first customer: Toronto-based Zenn Motor, which makes electric vehicles. EEStor says its technology is a cross between a battery and an ultracapacitor (which quickly stores and releases energy) and is based on mysterious barium titanate powders.
Company documents claim that the new storage system has better energy density than lithium-ion and nickel-metal hydride batteries, that it charges more quickly, and that it's cheaper and safer. The implications are enormous and, for many, unbelievable, but the company says it's all true. "We're well on our way to doing everything we said," says Richard Weir, EEStor's cofounder and chief executive.
http://www.technologyreview.com/read_article.aspx?id=18330&ch=energy
Comments EEStor hype by Emosson 3/12/2007 12:44 AM
I repeat my comment from January 22, 2007 at http://www.technologyreview.com/read_article.aspx?id=18086&ch=biztech
Unfortunately EEStor never made and will never make the supercapacitor described in the patent
http://www.google.com/patents?vid=USPAT7033406&id=cjx3AAAAEBAJ&printsec=abstract&zoom=4&...
because they ignore a well known physical effect, called “dielectric saturation”.
Barium titanate has been used in capacitors for decades, due to its high dielectric constant:
http://www.avxcorp.com/docs/techinfo/mlcmat.pdf
However, the dielectric constant drops as the electric field strength increases:
http://www.nap.edu/books/NI000488/html/49.html
http://prola.aps.org/abstract/PR/v71/i12/p890_1
At a hypothetical field of 3500 Volts over a thickness of 12.76 micrometers, as proposed in the patent, the dielectric constant of barium titanate would be orders of magnitude lower than the claimed 18500, reducing capacity and energy density by the same factor…
This has been discussed in more detail by Anatoly Moskalev on December 24th and 26th, 2006 in
http://www.teslamotors.com/blog1/index.php?p=43
with an update on January 20th, 2007:
http://www.teslamotors.com/blog1/?p=46
Quick Take: Altair Needs an Altoid
By Seth Jayson
March 9, 2007
Another year, another pile of increasing losses for Altair Nanotechnologies (Nasdaq: ALTI). Revenues at this $200 million company increased 54%, and the company touts that. But let's get real, they're still a paltry $4.3 million.
That means Altair trades at a mind-boggling 47 times revenues. Worse yet, it's still torching money, and at an increasing rate. The net loss was 73% larger than last year's, meaning the company lost more than $17 million for the year. There's no cash flow statement out yet, but given that depreciation and amortization only came to $1.5 million, you can bet the cash burn was nearly as bad as the GAAP loss.
This is an old story, and I've written about the years of broken nano-fairy tales in the past. To me, Altair remains the same underperforming basic-materials company it's been for years. Nothing seems to have changed, except that the newer version of the story includes copious touting of a so-called NanoSafe battery pack being used in an electric SUV, predicted to bring 2007 sales to a range between $16 million and $42 million, according to management. I wouldn't buy that, if I were you. As I've explained in the past, Altair has something of a history of presenting us with fuzzy math.
Not that a record of failed predictions has done much to slow the stock recently. The hype over this electric SUV recently landed Altair in Gene Marcial's "Inside Wall Street" in BusinessWeek, where the micro-write-up quoted a couple of analysts who believe Altair's higher-end story on revenues for next year, one of them even predicting a 2007 profit of $0.08 a share.
I've got little respect for Marcial's puddle-deep tipsheet, but in this case, I think he's done a greater disservice to investors than usual. Maybe Marcial should put down the phone and pick up an SEC filing or two. If he did, he might notice that Altair's gross margins on product sales are still negative. Or that operating expenses (less COGS) ran to $21 million. Why would anyone looking at that data believe that Altair could turn a profit by moving more of its unprofitable product? Why not ask the touting analysts (one of whom works for a firm that's done investment banking for Altair) to explain it?
Finally, Marcial might have thought a bit harder about the commodity nature of the battery biz, and asked himself if Altair's really got a competitive edge. But I suspect Marcial doesn't know enough about Altair to ask such informed questions. Fortunately, there are those of us who do.
Altair's been pushing the nano-battery story for years now, and it has thus far produced nothing but massive losses for investors. Retained "earnings" over the life of this company add up to a loss of $75.6 million. That's a big negative, folks. Oh, and it's also given investors plenty of share dilution, as Altair has had to resort to stock sales in order to gather enough money to feed the cash furnace.
If expensive, money-losing penny stocks are what's hot "Inside Wall Street," make sure you stand outside.
Comments? Bring them here.
At the time of publication, Seth Jayson had no positions in any company mentioned here. See his latest blog commentary here. View his stock holdings and Fool profile here. Fool rules are here.
http://www.fool.com/investing/general/2007/03/09/quick-take-altair-needs-an-altoid.aspx?source=eptyh...
Let's hope so on both fronts. : ) eom
It sure didn't sound like PT. lol eom
Who were those masked men? Were they talking about Power Tech? Why am I suspicious of strangers bearing gifts? lol
It would be nice if they were right though.
Good one Gulfbreeze. Funny and accurate. : )eom
Frost & Sullivan Recognizes Atraverda's Launch of a Radical Lead Acid Battery Technology
PALO ALTO, Calif., March 5 /PRNewswire/ -- Frost & Sullivan selected Atraverda as the recipient of the 2007 Frost & Sullivan Award for Technology Innovation for its introduction of bipolar substrate technology to the lead acid battery chemistry.
This bipolar solution has the Ebonex(R) Technology tag, is protected by worldwide patents, and is expected to create a major breakthrough in stationary lead acid and motive lead acid (MLA) battery markets. Atraverda is also exploring the exciting possibility of using the Ebonex technology in nickel metal hydride and lithium systems.
MLA batteries used in heavy-duty equipment as well as in railroad, airport, and mining applications demand rugged and robust construction and oftentimes, these batteries are bulky and are less efficient than other battery chemistries. MLA batteries that use the Ebonex(R) Technology are lighter, two times more efficient than conventional MLA batteries, and have reduced charging time.
"With the increasing demand in telecommunication and data communication segments, Atraverda will initially focus on the backup power (stationary) segment to achieve growth and full commercialization in the lead acid market," says Frost & Sullivan research analyst Suba Swaminathan. "The technology has significant benefits for the automotive sector and will also aid the motive segment significantly."
The Ebonex(R) Technology uses a ceramic that is a titanium suboxide material, which has a unique combination of metallic and ceramic substrate characteristics. The Ebonex(R) material used in batteries offers the conductivity of a metal along with excellent resistance to oxidation and acid corrosion.
"The cross section of the bipolar lead acid battery includes the electrodes, which are bipolar and electrolyte in an absorbed glass mat (AGM) form housed in a container with monopole electrodes at each end of the stack," notes Swaminathan. "The current flow in the battery is provided by endplates (monopoles) and the flow is complete when it flows orthogonally through each intermediate bipole plate in uniform fashion."
Some outstanding advantages of this technology include overall reduction in the usage of lead, making the batteries more environment-friendly and lightweight. This minimal use of lead also enables the shipment of more batteries in the same space and lower costs of transportation as well as offers respite from the escalating price of lead.
The simplicity in construction coupled with increased efficiency and maintenance-free structure has tremendous market appeal and has already secured initial users and partners for this technology.
Atraverda is in the process of signing more such agreements with leading battery market participants across all geographic regions. These agreements will globalize this technology, thereby ensuring improved efficiency and performance of MLA batteries in all motive power applications. It will also revive the lead acid battery market, which has suffered from limited product differentiation.
Frost & Sullivan presents this award to the company that has demonstrated technological superiority within its industry. This award recognizes the ability of the company to successfully develop and introduce technology, formulate a well-designed product family, and make significant product performance contributions to the industry.
Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.
About Atraverda Limited
Atraverda is making revolutionary energy solutions a reality. Its patented Ebonex(R) technology is the first commercially viable bi-polar product to enter the market that makes lead-acid batteries smaller, lighter and more reliable.
The arrival of Ebonex(R) technology signifies a new era for the battery manufacturing industry and its customers. With the backing of global investors its technology will be manufactured across the world to service a host of markets: standby power, mobility, military, telecoms, automotive including hybrid electric vehicles. Ebonex(R) bi-polar batteries are an environmentally strong technology with significantly less lead used than conventional batteries.
Backed up by highly experienced senior management and technical teams, Atraverda is an ambitious and fast-growing international company based in Wales, UK, focused on realising the potential of its unique, world-class technology.
Atraverda has five key partners: * The Sagentia Group, Cambridge, UK * Scottish Equity Partners, Scotland, UK * Finance Wales, Wales Fund Managers, UK * Enertech Capital, USA * Onpoint Technologies, USA
For further information, please visit http://www.atraverda.com/ or contact Daniel Tyte (daniel@merlin-digital.co.uk ) or Angharad Neagle (angharad@merlin-digital.co.uk ) at Merllin PR on +44 (0)2920 304050.
About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit http://www.awards.frost.com/ or http://www.batteries.frost.com/ .
Contact: Stacie Jones 210.247.2450 Stacie.jones@frost.com
Frost & Sullivan
CONTACT: Stacie Jones of Frost & Sullivan, +1-210-247-2450, orStacie.jones@frost.com ; or Daniel Tyte, daniel@merlin-digital.co.uk , orAngharad Neagle, angharad@merlin-digital.co.uk , both of Merllin PR,+44-0-2920-304050, for Atraverda Limited
Web site: http://www.awards.frost.com/http://www.batteries.frost.com/http://www.atraverda.com/" target="_blank">http://www.frost.com/http://www.awards.frost.com/http://www.batteries.frost.com/http://www.atraverda...
Gee Alopex, you sure know how to let the air out of a rumor. lol
Gary, you have some wild ga mood swings here. lol
Power Technology Delivers Patented Electrodes to Axion Power International for Product Testing
Wednesday February 28, 10:36 am ET
HOUSTON, Feb. 28, 2007 (PRIME NEWSWIRE) -- Alternative energy company Power Technology (OTC BB:PWTC.OB - News) reported today that the company has delivered its patented electrodes to Axion Power International (Other OTC:AXPW.PK - News) (http://www.axionpower.com/b/) for testing. The purpose of the testing is to enable Axion to manufacture and test prototype batteries that feature Power Technology positive electrodes with Axion's proprietary e3 Super Cell Technology.
Chairman and CEO Bernard J. Walter stated ``This is another concrete step in taking our prototype production and getting it ready for the sale in the battery market. We look forward to report the results of Axion are testing on the Power Technology electrodes.''
OT- Volcano Buckshot? lol ...
Efforts to plug Indonesian "mud volcano"
Mon Feb 26, 6:39 AM ET
Engineers dropped chains of concrete balls into a "volcano" oozing hot mud in Indonesia's East Java province Monday as they resumed a bid to stem the flow which has submerged entire villages.
"We have been able to insert four chains of concrete balls today, before changing smoke from the hot mud forced the operations to be halted," Rudi Novrianto, a spokesman for the audacious bid to plug the crater, told AFP.
The operation to drop the chains into the main crater was halted on Saturday when a cable linking two cranes hoisting them suffered damage.
Workers had managed to insert only the first chain. Each one links together four concrete balls.
Two cranes, one static and the other movable, have been erected on both sides of the crater. They are used to drop the chained concrete balls into the hole.
Work was delayed Sunday by repairs and heavy rains, which made conditions dangerous.
"We have had good weather today," Novrianto said. But he added the operation was called off for the remainder of Monday because drifting smoke from the hot mud had begun to affect workers.
"We will see tomorrow (Tuesday) whether the winds and the weather will allow us to continue the operations," Novrianto said.
Entire villages, factories and fields have been submerged by the mud, which has forced more than 15,000 people from their homes.
The mud sprang up when exploratory drilling by the PT Lapindo Brantas energy firm pierced an underground chamber of hydrogen sulphide, forcing hot mud to the surface in Sidoarjo, East Java.
Engineers plan to drop about 375 chains of concrete balls, weighing 400-500 kilograms (880-1,100 pounds), into the 50-metre (165-feet) mud hole, under a plan devised by a local expert.
The aim is to slow the mudflow by about 50-70 percent, but there is no guarantee the experimental attempt will work.
Soldier, thanks for the link. If I figured right (I had to do my own calculations to obtain the energy density), the energy density appears excellent @ 63Wh/kg. However, they make no claims as to their Specific Power or lifetime cycles. In my amateur opinion, they might have a niche as a SLI battery (see PR below) in cold weather environments.
I hope your investment works out.
iQ Power and LEVO Batteries Form Strategic Partnership
iQ POWER AG (ISIN: CH0020609688, WKN: A0DQVL, IQPB) and the Swiss company LEVO Batterien AG have signed an agreement forming a strategic partnership. The object of the cooperation is the production of innovative vehicle batteries for iQ POWER in accordance with its technology specifications.
This partnership puts iQ POWER in a position to produce battery systems right now containing the iQ Technology that was developed by iQ POWER and to provide these products to customers for the purpose of undergoing their clearance and release procedures. The agreement calls for manufacturing various types of batteries. This collaboration with LEVO bridges that period of time until iQ POWER begins production of its smart battery systems at its own site in Dortmund and manufacturing gets rolling at iQ POWER Asia’s new plant in South Korea.
LEVO Batterien AG is a midsized Swiss company with over 50 years of experience in the manufacturing and business of lead/acid batteries for various applications. LEVO Batteries is today the sole maker in Switzerland that produces, among other things, starter batteries for automobiles and commercial vehicles, such as trucks, tractors and construction machinery.
lol, that is too cool! Thanks for that. eom
80,647,145 volume today. ?? eom
It would seem that anyone in the know would have at least waited until next week to sell. After eight months without any progress PR's, there has to be something positive to PR about. Oh well, I guess we'll see what Walter has to say Sun. evening.
Electric economy car rolls off line; company gets $25 million
February 21, 2007
Think Nordic is on the move.
The Norwegian company, which plans to produce a line of all-electric sedans, produced its first car last week, said company President Jan-Olaf Willums at the Cleantech Forum taking place in San Francisco this week. Think will start mass producing this summer.
It's got money too. Last Friday, the company began to seek venture funds. It got commitments for $50 million in funding and accepted $25 million, he said. Later in the spring it will try to raise an additional $50 million.
The cars will first be sold in Norway and England in the fall of 2007 and then come to the U.S. in 2008. Willums was a little vague on the pricing. Consumers would buy the cars and also pay a monthly fee to lease the battery from Think Nordic. The company is leasing the battery as a way to provide more security to buyers. If a battery fails, the company will take it back.
The company will also team up with insurance companies to sell policies directly to its customers.
Th!nk is the first company among the new crop of carmakers to market a mid-range, general-purpose electric car. Tesla Motors right now is booking orders for its $92,000 sports car, but won't come out with a sedan until 2010. Zap Motors has kicked off a project with England's Lotus to develop a $60,000 sedan, but it won't be out for a few years. (Zap makes a commuter car now, but it tops out at 35 miles per hour and can't go on the freeway.)
How did Think get to market so rapidly? Ford actually developed the car and spent over $50 million designing and testing it.
Think's car won't be for everyone. Although it can drive at freeway speeds, it has a range of about 110 to 130 miles. Recharging the battery takes about six to seven hours, he said.
"We don't manufacture a car that will go from San Francisco to Lake Tahoe. You can have another car for that. We will give you the best car from San Francisco to Palo Alto (a distance of about 30 miles)."
The relatively high cost of batteries means that electric cars cost more than their gas counterparts. Incentives in Europe, however, are helping erode the cost delta. In London, electric car drivers don't have to pay certain taxes and can park for free. That can come to 8,000 pounds in savings a year. The additional cost of the car can be paid in two years, he said.
"The city incentives are just amazing," he said. Other European cities are considering similar measures.
The company is battery agnostic, he added. The company will get batteries from Tesla. Willums, however, also said that the company is working with a Swiss company that makes a submarine battery.
Posted by Michael Kanellos
http://news.com.com/2061-11128_3-6161125.html
May you be in heaven an hour before the devil knows your dead. : )
77 Percent of Power Technology Shareholders Vote for New Share Authorization
Thursday February 22, 5:30 pm ET
HOUSTON, Feb. 22, 2007 (PRIME NEWSWIRE) -- Alternative energy company Power Technology (OTC BB:PWTC.OB - News) reported today that 77% of all shareholders voted for the authorization of up to 750 million shares of the company's common stock. Additionally, the shareholders approved and ratified all share issuances in excess of 100 million shares which were previously authorized by the Board of Directors of Power Technology, Inc.
Chairman and CEO Bernard J. Walter stated ``The affirmative vote of over three quarters of our shareholders at this special meeting allows us to focus our efforts on bringing our technology to market. I would personally like to thank our shareholders for their overwhelming support at this special meeting.''
About Power Technology -- Power Technology, Inc. (OTC BB:PWTC.OB - News) is an alternative energy Research and Development Company engaged in activities regarding alternative battery technology using patent-pending, ultra light materials with up to 50% less weight and significantly less lead content than conventional batteries. The Company is in the early stages of commercializing its battery technology and has built equipment and systems to manufacture its proprietary electrodes for its patented batteries. Please visit our website at http://www.PWTCBATTERY.com for more information.
Bill, I don't think Cornell can vote those shares that haven't been issued to them yet. Notice the restriction:
"[ 72,023,396 (7) ] (7)Includes 20,904,875 shares of our common stock underling warrants, and 51,118,521shares of our common stock underlying convertible debentures held by Cornell Capital Partners, L.P., based on the closing price of our common stock on January 22, 2007. The warrants and the Debenture provide that the number of shares of our common stock that may be issued by us or acquired by Cornell upon conversion of the Debenture shall not exceed 4.99% of the total number of the issued and outstanding shares of our common stock.
In harmony with that, Cornell has only been issued 8.6 mil.
"Since August 27, 2004, a total of 49,391,694 shares of the Company’s Common Stock were issued in excess of the 100,000,000 shares of the Company’s Common Stock which were authorized, ... as follows:
8,689,186 shares of the Company’s Common Stock were issued to Cornell Capital Partners, LLP.
.... pursuant to the terms of the agreements, in no event shall Cornell convert the Convertible Debentures in such manner that would cause Cornell to beneficially own more than 4.99% of the then total issued and outstanding shares of the Company's common stock."
Looks like Bill beat me to a reply. lol
--------------------------------------------------------------
I'd call that a fair amount. I hold 870K. But compared to some others, well .....
Balak has 23 mil
Walter has 10 mil
Cornell I figure has at least 5 mil
I know quite a few with over 1 mil
But I know what you're saying. I'd be a little tiffed not being able to vote my shares. I'd check with your broker and find out why your's were late coming.
Sat2, I received mine Feb. 1st through my broker (electronicly). I know others have received theirs via mail at least a week ago. I don't know why your's took so long. You might inquire with your broker as to why. If it's any consulation, unless you're a huge stockholder, I doubt if your's or mine will have had any affect on the outcome.
I doubt that the measure will fail otherwise we would stand a chance of the company going under and Cornell getting all our assets including ownership of the patents.
Let's hope that the company has some positive things to talk about after tomorrow.
Yes, for whatever reason we seemed to have received the short end of the stick on government funding. Hard to understand. I wonder if it was ever applied for even? I'd bet we haven't.
Li-ons, tigers, and bears, oh my. lol eom
O.T. - Most of us can appreciate how helpful management in general can be. lol
soldier, I'm still waiting to see some battery performance data from you on them. I can't seem to find any on their website. Maybe I'm missing something. Can you please provide it. I would love to see some numbers on this technology that you keep touting from time to time here.