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Greatly appreciated what you have done, getting some news, however unpleasant from the company. I am not an accredited shareholder and cannot help to buy private placement (of course I am sure this is just one of their efforts to save the company.) Too, I will go down with ship though I still think there is hope. I sent a copy of the following article about the new DOE great changes of lending policy (most important it has $$$$$$$ to do it this time. I posted before; saddly in 2008 State of Ohio spent more $$ on hydrogen research than the previous DOE adm.)to ARSC, AHC, Hydrafuelcell, Dr.Botte and ConeXaProducts; hope this is of some use.
http://earth2tech.com/2009/02/19/chu-unveils-doe-changes-timeline-for-stimulus-spending/
Secretary Steven Chu has made hasty work of shaking up the Department of Energy. Today the agency announced a series of reforms designed to expedite the dispersal of loans and loan guarantees — changes that the DOE says will position it to start offering loan guarantees from a much-delayed loan guarantee program by late April or early May. The agency also said in today’s release that new loan guarantees will be offered under the stimulus legislation by early summer, and at least 70 percent of its share of the stimulus will be dispersed by the end of 2010.
This means new allotments for the smart grid, advanced batteries, alternative-fuel vehicles and the array of clean energy initiatives supported by the stimulus will likely avoid languishing in the kind of multiyear application and evaluation process used for the $25 billion low-interest loan program for fuel-efficient vehicles and the Loan Guarantee Program for clean energy technologies. Planned reforms include:
Rolling appraisals of applications – instead of delaying the consideration of an application until a far off deadline, the Department will review them when they are submitted so that decisions can be made more quickly.
Streamlining and simplifying loan application forms and other paperwork.
Accelerated loan underwriting by using outside partners.
In cases where up-front fees may deter companies from applying, the Department will offer applicants the opportunity to pay the fees as part of the loan at closing.
Further reduction of up-front costs by restructuring credit subsidies so they are paid over the life of the loan.
Additional staff and resources to process applications.
Working with the industry to attract good projects into the loan guarantee program and helping them navigate the process.
A web site that will provide increased transparency in both process and results, as well as information to help applicants through the process.
Earlier this month, DOE Loan Guarantee Program Director David Frantz revealed at a Senate hearing that even the most progressed applications under the older program (created under the Energy Policy Act of 2005) would take a few months to process — as opposed to the four weeks that Secretary Chu had mentioned as a goal earlier this month. Today’s announcement confirms Frantz’s timeline.
It also sheds light on Tesla Motors CEO Elon Musk’s recent statement about that company’s loan guarantee application. “Regarding funding,” he wrote in an email to customers last Wednesday, “I am excited to report that the Department of Energy informed Tesla last week that they expect to disburse funds from our $350M Model S loan application within four to five months.” The company later clarified that its application had not been approved, but in fact remained in the financial and technical merit stage of evaluation. If all goes according to Chu’s plan at the DOE, approved projects in Tesla’s cohort could have guarantees disbursed in the 4-5 month time frame that Musk described.
The green light on a loan guarantee, however, does not mean money in the bank. As the DOE explains, “These offers may still require recipients to secure their own share of the financing –- similar to earnest money in a home mortgage – or meet other conditions prior to closing.”
Best luck to ARSC and all longs.
A life-line for ARSC:
http://www.greentechmedia.com/articles/clean-energy-smart-grid-stay-in-stimulus-bill--5708.html
"There are also $20 billion in tax incentives for renewable energy and efficiency – including a provision that would allow renewable energy developers to convert a 30 percent investment tax credit into direct payments to investors for the next two years (see Tax Credit for Solar in the Works)."
"But renewable energy might not get as much in loan guarantees as the industry had hoped for. That's according to a confidential "stimulus conference agreement chart" posted online by the Talking Points Memo blog, which shows the bill emerging from conference will set aside $4 billion in loan guarantees – less than the $6 billion in the House bill and the $7 billion in the Senate bill.
That stands in contrast to an Associated Press analysis that states the bill contains $13.9 billion to subsidize loans for renewable energy projects"
Hope this is a life-line for ARSC. When there is life, there is hope. At least it confirms that the wind is blowing our way. Just my 2 cents.
Happy trading.
I agree with what you said, but dare not venture to answer any of your questions. I always hold the view that OTC stocks (those with potential) such as ARSC are high risk-high return stocks (i.e. of course assume they don't BK, otherwise all bets are off). Let me explain my 2 cents with a couple of otc/pink stocks I own for quite awhile. You may be familiar with them.
ABTG a BPL (broadband over powerline/smart grid) was hot a few years ago when their technologies was first approved by the FCC and get trial contracts with big utilities such as Duke and others and ConEdison owned a chunk of it. Well the fed did not hand out any dough to the big utilities and the big boys of course didn't want to spend their own $$$ as their profits are guaranteed. Its pps dropped from 40cents to 1c(12/12/08) with>700m o/s (the data in Yahoo is always outdated). With a new President who indicated he wanted to upgrade our grid and will spend $$ on smart grid tech (also assuming a smarter grid can more efficently carry green energies such as solar/wind etc;and jobs created stay home),ABTG jumped from 1c 12/22/08 to 8c (1/30/09)in a little more than a month (today is$0.059)
Another one ACTC a stemcell stock which has major patents in the field. Almost bk. We all know what the previos admin. do to stemcell research. Many bright stemcell researchers went overseas. pps 2c (12/2/08). With the assurance of our new President that he will reverse the fed. policy on stemcell research., pps 29c (1/26/09) in less than 2 month with ~400m os. Today is 17-18c.
There are other examples too. I don't want to mention the y2000 market, as it probably was once our lifetime super bull
market. The pps, we probably all agree does not represent the value of the stock, but only what the investor willing to pay at a certain time. Now the idea of global warming is more popular and leaders of most major countries are now convinced.
(e.g. China is spending tons of $$ on wind/solar and expand and upgrade the grid). As I mention the wind is probably blowing our way and hope all longs make some $$ (like most of the longs my ARSC position is down >90%., and like you I haven't sold a share yet.
Warmest regards.
Good morning longs:
So far there is no news from the HydraStax/ACE technologies. OU has been very tight-lipped about the ACE tech since the news (3/2008), the 1 mil. grant to commercialize the ACE tech.was announced. No surprise. The business world/market is a war zone.Expect any dirty tricks/legal tricks (such as sueing you) to kill a new/disruptive/breakthru technology from big co./established co. in your sector.
However with the new admin.and new leaders in the federal agencies that deal with energiy (the new DOE head is an expert in renewable energies and all President Obama's key aids that deal with energy policy are for newable energies), the wind is blowing our way. Just a couple of article of interest from OSU President in a major energy conference in D.C. sponsored by the Brookings Institution, a major natinal think-tank.
http://www.dispatch.com/live/content/national_world/stories/2009/02/08/Wawire_0208_ART_02-08-09_A7_MHCR78E.html
http://www.dispatch.com/live/content/local_news/stories/2009/02/10/gee10.ART_ART_02-10-09_A7_M3CRT3F.html
P.S. Almost forget to mention, State of Ohio put more money to research in Hydrogen in 2008 than what the previous DOE!!
Well. That what I hope the new DOE head (a Nobel Prize Winner physicist and a newable energy expert) will start to make changes in the national policy in energy with the strong support of our new President.
The above just my 2 cents. Happy trading.
As for a long like me, it is also like watching "wet paint dry in a rainy day." As long as our fuel cells get certified eventually and/or our partnership with OU not dead, there is still hope. Just my 2 cents.
Some interesting article to chew on.(Sorry, somehow won't let me copy and paste.)The report seems to look a little favorable to HydraStax and OU technologies.
A new DOE (Dept of Energy) boss may start to change things, I hope.
http://www.greencarcongress.com/2009/02/us-doe-issues-r.html#more
Warmest regards to all longs. Good luck trading.
P.S. I also sent the link to ARSC and Dr. Botte., although I think they may already knew this.
Study: Stem Cells Reverse Paralysis in Rats
http://news.yahoo.com/s/livescience/20090129/sc_livescience/studystemcellsreverseparalysisinrats
Transplanted adult stem cells have been found to reverse paralysis associated with spinal cord injuries in lab rats, a new study finds.
The study, headed up by Miodrag Stojkovic, deputy director and head of the Cellular Reprogramming Laboratory at Centro de Investigacion Principe Felipe in Spain, involved transplanting so-called progenitor stem cells from the lining of rats' spinal cords into rodents with serious spinal cord injuries.
The rats recovered significant motor activity one week after injury, Stojkovic and his co-authors wrote in the Jan. 27 early online edition of the journal Stem Cells.
Spinal cord injury, for which no therapy currently exists to undo the damage, is a major cause of paralysis. Up to 400,000 people in the United States are estimated to live with these injuries, according to the Christopher and Dana Reeve Foundation. Most spinal cord injuries are caused by vehicle crashes and falls, and most of those injured are males.
The researchers say the new rat results "open a new window on spinal cord regenerative strategies."
The rat study involved adult stem cells, which are found in adult tissues. It is the other type of stem cells, embryonic stem cells, that some activists find objectionable, partly because these cells are derived from embryos though a process that currently destroys them.
Last week, there was big news related to embryonic stem cells. The Food and Drug Administration approved the first study to inject human-derived embryonic stem cells into individuals with acute spinal cord injuries.
The Bush Administration had placed restrictions on federal funding for new lines of embryonic stem cells for research, but the cells to be used in the study are old ones that would still have been eligible for funding in the Bush era. It is expected that President Obama will lift the restrictions.
Cells proliferated
The transplanted progenitor cells, which had been taken from the injured rats after spinal cord injury, were found to proliferate and were recruited by the specific injured area, Stojkovic said. The transplanted cells regenerated 10 times faster while in the transplant subject than similar cells derived from healthy control animals.
The trauma associated with spinal cord injury destroys numerous cell types, including the neurons that carry messages between the brain and the rest of the body. In many spinal injuries, the cord is not actually severed, and at least some of the signal-carrying nerve cells remain intact. However, the surviving nerve cells may no longer carry messages because oligodendrocytes, which comprise the insulating sheath of the spinal cord, are lost.
The regenerative mechanism discovered was activated when a lesion formed in the injured area. After a lesion formed in the transplant subject, the stem cells were found to have a more effective ability to differentiate into oligodendrocytes and other cell types needed to restore neuronal function.
Human potential
The presence of these stem cells in the adult human spinal cords suggests that stem cell-associated mechanisms might be exploited to repair human spinal cord injuries.
Given the serious social and health problems presented by diseases and accidents that destroy neuronal function, there is an ever-increasing interest in determining whether adult stem cells might be utilized as a basis of regenerative therapies.
"The human body contains the tools to repair damaged spinal cords. Our work clearly demonstrates that we need both adult and embryonic stem cells to understand our body and apply this knowledge in regenerative medicine," Stojkovic said.
The research was funded by the Spanish Program of Regenerative Medicine, Conselleria de Sanidad de la Generalidad Valenciana-Instituto de Salud Carlos III, Fondo de Investigaciones Sanitarias-Instituto de Salud Carlos III and the Ministerio de Educacion, Ciencia y Tecnologia.
Thanks for the info:
Interesting article on Progress in Regenerative Medicine.
http://www.reuters.com/article/politicsNews/idUSTRE48MBMX20080924?pageNumber=2&virtualBrandChannel=10003&sp=true
Senate oks extending energy tax credits
Tue Sep 23, 2008 9:21pm EDTPost Your Comments | All Comments Email | Print | Share| Reprints | Single Page | Recommend (0) [-] Text [+]
By Tom Doggett
WASHINGTON (Reuters) - The U.S. Senate on Tuesday approved a package to extend $18 billion in tax credits for using renewable energy sources like wind, solar and geothermal and also provide incentives to cut energy consumption.
The move, which alternative energy companies had been lobbying for all year, sent shares of solar power companies higher in after-hours trade. The delay in extending the tax credits had been a major damper on those stocks this year. The Senate was seen as the biggest roadblock after it shot down the extension eight times this year.
"Getting past what has been largely the deal-breaker in the past should be positive," Wedbush Morgan analyst Al Kaschalk said of the impact the vote would have on solar stocks.
Under the proposal, which will be part of a much bigger tax bill, the tax credit for producing electricity from wind would be extended for one year. The credit for other renewable sources, such as wave and ocean tide projects that generate power, would be extended for two years.
The residential and business tax breaks for solar energy would be extended for eight years.
"Solar is the winner here," Raymond James alternative energy analyst Pavel Molchanov said.
Shares of top U.S. solar company SunPower rose 4 percent in extended trade to $91, while First Solar Inc's stock rose 3.6 percent to $218.50. Evergreen Solar Inc shares gained 7 percent to $6.14.
Makers of wind turbines, solar panels and other sources of renewable energy argue that the tax credits are critical to making cleaner power competitive with that produced from greenhouse gas producing coal and fossil fuels.
The industry also says the tax credits will help green companies build manufacturing plants and other facilities that will create jobs.
"With major instability in our financial markets, solar energy is a guaranteed way to provide the stability we need in our economy right now," Rhone Resch, president of the Solar Energy Industries Association, said in a statement.
The House of Representatives must still vote on continuing the renewable energy tax credits, and the White House said earlier on Tuesday it would support the measure.
"Despite concerns with some provisions in this bill, it's a bill the president can sign, and we strongly encourage the House to pass it," White House spokesman Tony Fratto said.
Senate Majority Leader Harry Reid urged the House to "wise up and accept" the package as passed by the Senate.
"If they try to mess with our package, it will come back here, it will die," Reid said.
To cover the costs of the tax breaks, the oil industry would pay higher taxes.
The package is part of a bigger bill that has other tax credits for businesses and includes a one-year fix to the Alternative Minimum Tax so millions of Americans won't be subject to higher income taxes.
Businesses would get a 30 percent tax credit for eight more years for investing in solar, wind, geothermal and ocean energy equipment.
Homeowners also would get a 30 percent tax credit for eight additional years for the cost of installing solar equipment.
Homeowners could claim a tax credit of up to 10 percent of the cost of all qualified energy efficiency improvements, such as insulation, replacement windows, water heaters and heating and cooling equipment.
To reduce demand for petroleum, the bill creates a tax credit for plug-in electric cars, whose buyers will get a tax break of from $2,500 to $7,500, depending on battery capacity of the vehicle.
While environmentalists welcome the energy savings provisions and renewable tax breaks in the package, they oppose language that would allow oil companies to quickly write off the cost of expanding their refineries for processing oil from shale and tar sands.
Green groups said extracting oil from shale and tar sands in the West would use vast amounts of rare water supplies and pollute the land.
Oil shale production requires five gallons of water to produce one gallon of oil, they said. The government estimates the oil shale industry would use 200 million gallons of water a day.
Separately, House Democratic leaders may try to add their proposal to expand offshore drilling to must-pass legislation that would temporarily fund the government past the current budget year that ends on September 30.
The drilling bill, cleared by the House of Representatives last week, would permit energy exploration beyond 50 miles from the shoreline of the East and West coasts. (Additional reporting by Nichola Groom in Los Angeles and Steve James in New York; Editing by Gene Ramos and Carol Bishopric)
Just some news on energy tax incentives:
WASHINGTON (Dow Jones)--The Senate voted 93-2 in favor of a $17 billion of package of tax incentives for renewable energy and energy conservation. The vote means the energy tax provisions will be added to a broader tax cut package including relief for individuals and businesses, which the Senate is expected to approve later Tuesday. The energy tax package would extend production tax credits for wind energy through the end of 2009, and extend through 2010 credits for geothermal, biomass and other forms of renewable energy. Solar energy tax credits, both for commercial and residential projects, would be extended through 2016. The bill also includes new tax credits for carbon capture technologies installed at coal electric or industrial plants. In addition, the bill includes a new, $7,500 tax credit for plug-in electric vehicles, now being developed by major auto makers. "For the first time we're giving an incentive for plug-in [vehicles] and their ability to get us off foreign oil," said Sen. Maria Cantwell, D-Wash., in a Tuesday press conference. As part of a bipartisan compromise reached last week on the energy package, the tax cuts are paid for in part by taking away a tax benefit oil and gas companies were scheduled to get in the future. While other types of manufacturers will enjoy a tax deduction equal to 9% of their domestic production starting in 2010, the Senate bill will freeze the benefit of oil and gas firms at 6%. Another "pay-for" in the bill raises taxes on oil and gas companies' foreign income. A third requires stock brokers to report the basis of securities they trade, to help IRS ensure investors are accurately reporting their gains
Good morning Longs:
Thanx lowman. Great find.
This works in N.J.; will work even better in Florida, Texas, Ca, New Mexico, Arizon, Nevada ..........that have even more sun. We have been patiently waiting for the certification and adding on our positions. Selling at this pps is beyond us.
Regards to all longs.
Can u read? I was referring to NSS (Naked Short Selling), not short selling. Don't try to confuse the two. Short selling is legal, and will never be banned, in my opinion. NSS is illegal, except if you are a mm.
If u are still confused(or pretend to be confused), google "naked short selling" or read the SEC article again carefully. Did I step on somebody's toes? Well, I already broke my habit. This is the last time I talk to a b.....
Regards to all longs.
Just my 2 cents:
Now the big boys are hurting big time, not just little guys like us by NSS. Hopefully SEC starts to do their job, banning NSS (probably except for mm). Don't forget the head of SEC is often a CEO of a big boy in Wallstreet.
Watch out NSS and their lackeys who spread fear on a 3 cents stock. Your day will come. Even multibillion $$ hedge fund can fold for getting too greedy. I will get drunk (for the first time in my life) when I see you lose your shirt.
Regards to all longs.
Reuters on NSS (naked short selling):
Former SEC head wants broader short-selling rules
11:43 a.m. 07/21/2008 Provided by
By Martha Graybow
NEW YORK (Reuters) - Emergency action by regulators to rein in abusive short-selling in some large financial firms should be expanded to include the stocks of all public companies, a former top markets watchdog said on Monday.
Former Securities and Exchange Chairman Harvey Pitt said the SEC's emergency order that went into effect on Monday would help in "restoring legitimacy" to short-selling activity but should go even further.
"It's something that is very good of the SEC to have done," he told Reuters in an interview. "They can't do it across the board without going through formal rule making, but I do believe that they need to expedite that."
The SEC last week announced an emergency measure applying to stocks of 17 Wall Street firms, as well as U.S. housing finance companies Fannie Mae (FNM) and Freddie Mac (FRE) as a way to curb manipulative short selling. The emergency action can last up to 30 days.
The commission's move has drawn complaints, including from the banking industry, which wants the protections extended to all banking companies. The SEC has said it will consider rules to address short-selling issues across the entire stock market.
"Any cut less than the whole is going to be perceived ultimately as arbitrary," said Pitt, now head of financial consultant Kalorama Partners in Washington. "My own view is they couldn't do all of the public companies in one fell swoop. They made what appears to me to be a reasonable cut, and hopefully they will expand it across the board just as quickly as they are able to do it."
Short sellers borrow shares they think are poised to drop in price and then sell them, hoping the stock will fall and can be repurchased at a profit. A "naked" short occurs when an investor sells stock that has not yet been borrowed.
Under the emergency rule, a short seller must borrow the securities before executing the short sale. It also requires the investor to deliver the securities on the settlement date.
Pitt, who was SEC chairman from 2001 to 2003, said that after the September 11, 2001 attacks roiled financial markets, many companies urged the commission to outlaw short selling entirely. But he said the practice is ultimately helpful to ensuring markets run properly.
"Short selling provides extra liquidity in the market," he said. "The goal isn't to prevent short selling. The goal is to make sure that people who sell short will have the means to settle their trades when they are supposed to be settled."
(Editing by Brian Moss)
Who is Mr. Brian Klock, one of the new directors?
Saw his name somewhere before., but forget where. With St. George/Golden Gate? Anybody know, please enlighten.
Thanx in advance.
Regards to all longs.
PPS deals with Hydrastack fuel cells.
This ....if true should deal with ACE.
......We have a partnership in Florida with companies to generate hydrogen fuel and introduce it as a commercial product to establish Florida as a center for hydrogen technology." ..........
Just my 2 cents.
Regards to all longs.
Thanx in advance.
Also, it should be Mr. Bob Farr, sorry for the typo.
My apology.
I am talking about the following. This has never been mentioned before. Correct me if I am wrong.
......We have a partnership in Florida with companies to generate hydrogen fuel and introduce it as a commercial product to establish Florida as a center for hydrogen technology." ..........
If you talk to Bob Barr again, can you inquire about this.
Appreciate your efforts concerning T. Bonne Pickens. Something may happen, never know.
Regards.
From a Florida real estate media. Some free publicity.
Some new info??
......We have a partnership in Florida with companies to generate hydrogen fuel and introduce it as a commercial product to establish Florida as a center for hydrogen technology." ..........
http://www.commercialpropertynews.com/cpn/content_display/business-specialties/technology/e3i2a7c68761043a4058a432fb00c457ef7?imw=Y
Business Specialties Technology
Florida's First Fuel Cell-Powered Community in the Works
July 9, 2008
By: Barbra Murray, Contributing Editor
Miami-based Distribution Management Services Inc. will soon commence the construction of 174 deluxe affordable homes in Poinciana, Fla., but the residential project won't be your typical single-family home development. Now that DMGS has signed a letter of intent with Miami-headquartered ConeXa Products, the housing enclave, located about 30 miles south of Orlando, will become the first in the State of Florida to be powered by hydrogen fuel cell technology. Can the widespread application of this technology at commercial properties be too far behind?
ConeXa, a distributor for Beaverton, Ore.-based Hydra Fuel Cell Corp., will provide HydraStax hydrogen fuel cells for the DMGS project, which, not so long ago, was destined for a different future--until the residential real estate market downshifted into a less desirable cycle. "I acquired 266 lots and was selling them when things were good, but now I can't give them away," DMGS president Leo Greenfield said. "So what we're doing is we're building affordable homes. They will constitute a series of villages, all incorporated into one city, and they will have green properties." Hydrogen cell technology will be, perhaps, the most progressive of those green properties.
"Hydrogen fuel cell is clean energy," Jim Twedt, president and CEO of Hydra Fuel Cell, noted. "There are no emissions from it--only pure water. If there area power outages, you'll still have power. And hopefully, it will be cheaper than grid, and you can sell excess power back to grid." The benefits, he added, extend beyond the front door. "If you have hydrogen fuel at home, you could fill your hydrogen car at home."
So, will the hydrogen fuel cell trend extend beyond the residential real estate sector in the near future? Given the current state of the economy and other hard-hitting issues, it seems a reasonable concept. "The future is wind, solar and hydrogen," said Twedt. "We're running out of oil, and it's expensive, as you know. All the car companies are coming out with hydrogen fuel cell cars, and we're starting to see it in buildings. We have a partnership in Florida with companies to generate hydrogen fuel and introduce it as a commercial product to establish Florida as a center for hydrogen technology."
Work on the DMGS project is on schedule to kick off this summer with the construction of the first 25 of the 174 residences.
http://www.sec.gov/news/press/2008/2008-143.htm
SEC Enhances Investor Protections Against Naked Short Selling
FOR IMMEDIATE RELEASE
2008-143
Washington, D.C., July 15, 2008 - The Securities and Exchange Commission today issued an emergency order to enhance investor protections against "naked" short selling in the securities of Fannie Mae, Freddie Mac, and primary dealers at commercial and investment banks.
The SEC's order will require that anyone effecting a short sale in these securities arrange beforehand to borrow the securities and deliver them at settlement. The order will take effect at 12:01 a.m. ET on Monday, July 21. In addition to this emergency order, the SEC will undertake a rulemaking to address these issues across the entire market.
"The SEC's mission to protect investors, maintain orderly markets, and promote capital formation is more important now than it has ever been," said SEC Chairman Christopher Cox. "Today's Commission action aims to stop unlawful manipulation through 'naked' short selling that threatens the stability of financial institutions. We will continue our vigorous commitment to investors by working within the SEC and in close cooperation with our regulatory counterparts to promote the continued health and vibrancy of our markets."
The Commission's emergency order, pursuant to its authority under Section 12(k)(2) of the Securities Exchange Act of 1934, will be effective at 12:01 a.m. ET on July 21, 2008 and will terminate at 11:59 p.m. ET on July 29, 2008. The Commission may extend the order to continue it in effect thereafter if the Commission determines that the continuation of the order is necessary in the public interest and for the protection of investors, but for no more than 30 calendar days in total duration.
# # #
The securities identified in the Commission's order:
Company Ticker Symbol(s)
BNP Paribas Securities Corp. BNPQF or BNPQY
Bank of America Corporation BAC
Barclays PLC BCS
Citigroup Inc. C
Credit Suisse Group CS
Daiwa Securities Group Inc. DSECY
Deutsche Bank Group AG DB
Allianz SE AZ
Goldman, Sachs Group Inc GS
Royal Bank ADS RBS
HSBC Holdings PLC ADS HBC and HSI
J. P. Morgan Chase & Co. JPM
Lehman Brothers Holdings Inc. LEH
Merrill Lynch & Co., Inc. MER
Mizuho Financial Group, Inc. MFG
Morgan Stanley MS
UBS AG UBS
Freddie Mac FRE
Fannie Mae FNM
http://www.sec.gov/news/press/2008/2008-143.htm
--------------------------------------------------------------------------------
Too little too late, just to protect the big boys.
Countless tiny investors lost their hard-earned MONEY because the SEC DIDNOT DO THEIR JOB!
Regards to all longs.
Thanx. It probably is the March demo. Name and place are the same. It is my fault. Should check the info for the March demo first. Don't know why the author repeated something 4 months later. OU also reprinted it months ago. May be a "filler" article.
Well, just got carried away by a "recent article with ACE tech". My apology to the board.
Regards to all longs.
Thanx. Looks like the same demo we knew months ago. March , not so "recent".
Regards.
So far I don't have much luck tracking down the "recent article by Georgia Tasker of the Miami Herald". The Miami Herald's Archives Research Center does not produce anything. Otherwise I would have "copy and paste" both the Sentinel and the Herald articles. When I track it down, I will post it.
Regards to all longs.
I don't have a clue either. I was unable to track down the original article by Georgia Tasker (Miami Herald) article, so I dug out the Daily Sentinel article and copy and paste.
Could this be a recent unannounced beta test which involved ACE???
The last (3rd) Hydrastack 5000 beta test was in March I remember and did not involve ACE. Anyone correct me if I am wrong on this.
And the article seems to imply (my guess) a recent test (again my guess).
May be ARSC/ConeXa can clearify this.
I wish this is a recent test though.
Regards to all longs.
Thanx. The following is the full aritcle.
It seems the ACE alpha/beta unit is in the picture now. Also there is still misprint/misquote (confusion) about the cost of a "kg of hydrogen" and kwh!! Hope this is just accident.
Daily Sentinel, The (Pomeroy, OH)
June 12, 2008
From Meigs to Miami
Beth Sergent Bsergent@Mydailysentinel.Com
MIAMI, Fla. - According to a recent article by Georgia Tasker of The Miami Herald, technology which will soon be mass produced at the East Meigs Industrial Park recently powered a home in Miami's Bay Heights area with hydrogen power.
The hydrogen power was provided by American Hydrogen Corporation using technology developed by Gerardine Botte, PhD, Ohio University. AHC holds an exclusive worldwide license to commercialize an ammonia-to-hydrogen catalytic electrolyzer (ACE). The ACE assists in producing hydrogen with use of ammonia and according to AHC, hydrogen is the next energy source to be developed to drive the world economy.
Finding a means and location to mass produce hydrogen power is where the facility at the East Meigs Industrial Park enters the picture which may be a far cry from Florida though hydrogen power connects the two.
According to Tasker's article, the Miami Bay Heights home of Nancy Benovaich went entirely off the traditional grid and with the help of the new hydrogen power technology, everything from the lights to the air conditioner ran smoothly.
Tasker's article also quoted Benjamin Schafer, chief technical officer of Hydra Fuel Cell which produces the fuel cell (American Hydrogen is licensed to commercialize the converter) as saying: "The ammonia-derived hydrogen will dramatically bring down the cost of hydrogen-based electricity."
The story went on to say the company can produce a kilowatt hour of hydrogen for "far less than $2." Schafer was also quoted as saying he believes that cost will eventually come down to "30 cents a kilowatt."
Tasker's article compared this 30 cents to the cost of energy on the traditional grid with a cost of 12 cents a kilowatt hour from Florida Power and Light, 18 cents in New England and 32 cents during peak time in San Diego, Calif.
Last week, Community Improvement Corporation Board Member Paul Reed said AHC hopes to be open for business in September. The CIC built the East Meigs Industrial Park and announced AHC's arrival as its new tenant in February.
The company plans to create around 100 jobs in the area over a period of three years.
Regards to all longs.
Great July 4th Holiday! Everyone.
Regards.
As always happens in the market, $$$$$ eventually flows from the hands of the impatient to the patient. Naked shorts still have to cover (although I hope our govt/SEC do more to protect us ordinary small investors).
Thanx, Ken for the update for us investors. Glad ARSC has such helpful and hardworking distributor.
Warmest regards.
FDA approval(drug) and CSA certification are two very different animals in terms of cost and time they take.
I have been buying drug stocks for decades and always do my dd. FDA approval takes forever and huge cost. I remember a Head of FDA once gave this "estimate" to a reporter when pressed for a quick ballpark answer-" an average of 10 years and $100 million".This interview/press conference may be just as recent as last year or a few months ago.
If I remember correctly; in one of the ARSC CEO interviews (forgot which one), he mentioned that an engineer who is now working for ARSC worked for Ballard (Ballard Power System)before and then worked shortly for CSA, told him Ballard's PEM fuel cell took more than a year. This sounds more reasonable, because I can easily pick up some electrical/electronic consumer goods and see the UL/CSA stamp.
Taking years to certify an electronic/electrical product is not feasible economically especially the technology changes so fast. Only CSA/UL know I guess.
Just my 2 cents.
.....ARSC needs to stay under the radar as long as possible. Once the unit is certified,tools are in place and the customers lined up, the chance to be blocked will dwindle. Until then, they have to be paranoid....
I think this is a good picture of ARSC's present plight. Although the ARSC timeline is longer than I expect, I still think the management deserve credit navigating the co. thru the shark-infested market for tiny co. with cutting-edgy tech. I lost a bundle on 3 OTC stocks with cuttin edge tech and huge potential, (very glad ARSC is not my 4th); bled to death just by lawsuits slammed on them by big $$$$. My guess is Relion's recent finance from big $$$$ ;and the chance of winning the countersuit made them give up trying to BK ARSC.
http://www.relion-inc.com/news.asp#25
...ReliOn, .........announced today that it has secured an additional U.S. $23 million ....
http://biz.yahoo.com/bw/080617/20080617005063.html?.v=1
....The judge stated in his ruling “…it is difficult to view Relion’s motion to dismiss ‘as anything other than an eleventh-hour attempt to pull the jurisdictional rug out from under a counterclaim that it could not defend against on the merits’.”...
Just my 2 cents.
Regards to all longs.
Happy Birthday, 'lowman'.
Thanx for your work on the board.
All true. I admit it did take me a while to get over it.
Don't get upset lowman, this happened to everybody. Yr 2000 I sold 20k of my 30k B2B stock at $6 (I bought years ago at 16 cents!! No kidding) and watch it hit $80 in half a year.
Another good one. I sold one of my telecom stock at $4 (I got it three years ago for 40 cents!!) and watch it hit $40 in a few months. All true stories. Yr 2000.
Regards to all ARSC longs and ARSC management.
From Toilet to Toyota:
A two page story about Dr.Botte's research,with peer endorsement, including Dr. White, her former advisor. This is for the future. AHC was mentioned, but ACE and Hydrastack are not mentioned. In my opinion that is good, as I mentioned in my previous post, when a tiny co. has a cutting-edgy tech, someone will try to kill it (as mentioned in the "3 minute press") if they cannot buy you up. Just my 2 cents.
http://www.dispatch.com/live/content/science/stories/2008/06/03/sci_hydrogen.ART_ART_06-03-08_B4_HKABR53.html?sid=101
Regards to all longs.
Boater:
If you meant the "3 minute press", there was nothing new that we don't already know. He repeated the two technolgies of the two sub. of ARSC. He stressed that the lawsuit was aimed to bk ARSC instead of competing with us in the market. I as a long,am glad we can get out of this probably with some compensation. Anything can happen in the market. Big $$ can easily kill(bleed to death) a start-up co with a lawsuit.This can happen in any form/shape/scheme. All is needed is $$and greedy lawyers with connections.
One lesson I learnt in yr.2000. It is still hard for me to believe this could happen. I was tracking a small OTC co.with some kind of ATM machine which can do virtually everything a bank can do; including cashing checks. Then,a transaction going thru a teller costs$1.04 and thru the internet is some 4 cents in yr.2000 $ ) The co. already did beta test with two small chain-stores and the customers were happy. Wal-Mart gave it trial contract of 10 stores.
(Wal-Mart at that time has 1700 stores) The co. needed $$ and a former White House adviser came aboard with $600,000 cash and a investment banker friend trying to make it successful.
Something like this happened; a software co. that was contracted to produce the software to run the machine refused to hand over the software. The small otc co. has no choice but went to court. The suit took years and the poor otc co. was bled to death;lost the Wal-Mart contract; the new ceo lost his $600,000 and left with his banker friend. The co. went thru rs and now its stock is worthless and I lost a bundle, a substantial postion and some private placement $.As a businessperson it was beyond me. My wild imagination was some giant bank(s) wanted to kill the tech. and paid this small software co. to do the dirty work.
Regards to all longs.
Nothing there is new. But it is good the tech. get more media attention.
http://webche.ent.ohiou.edu/eerl/
Recent News and Events
Dr Botte was featured in the Going Green radio series. The series is funded by the Ohio EPA Environmental Education Fund and focuses on people committed to sound environmental principles.
Interview Clip
Just my 2 cents.
Be honest with you.If ARSC is alone by itself, I'll be more worried. As I mentioned in an earlier post, OU is the oldest U in Ohio and very well-respected, and has a long history of seeking out new tech with potential. Although not too big in size, it collects $ 3mil last year just on license fee from small co. it partners.
Anyboby buying OTC stocks should assume the high risk involved. As for myself and my other friends, we are willing to wait two years for ARSC and OU to work out their business plan.
Regards to all longs.
Just my 2 cents.
The writings are on the wall.
Hydrogen economy is no longer a dream. Glad to see what ARSC can do. If our leader/gov will not lead, some others will.
http://www.fuelcellsworks.com/Supppage8652.html
http://www.ohio.edu/outlook/07-08/March/412.cfm
Thanks for your dd. The link does not work because they (the Athens News just had some upgrade).
I dug out the 3/27/08 story and did a copy and paste the part concerning ARSC.
.....BEN SCHAEFFER IS president of American Hydrogen Corporation, a company that recently opened in southeast Ohio to commercialize technology created at OU to generate hydrogen fuel by electrolyzing ammonia. The firm has an office in Athens and is opening a plant in Meigs County.
Where older methods created hydrogen at a cost of around $10 a kilogram, Schaeffer said, his company’s process brings the cost to 30 cents a kilo.
Schaeffer argued passionately that cleaner alternatives to oil must be found, and fast. He cited the “Hubbert’s peak” of oil production, named for a geophysicist who shocked the world in 1949 by predicting that the fossil fuel era wouldn’t last long.
Hubbert said that with unrestrained extraction of a natural resource in a given area, a graph of production levels will be a bell curve, peaking when the resource is about half exhausted. The world is near or past that peak now, Schaeffer warned. And as oil supplies peter out, the risk of global conflict over what’s left goes up.
Last year, he noted, China bought 55 percent of the world’s spot market in oil – up from about 3 percent five years earlier. Globally, he said, “$1.8 million an hour is what we spend on oil.” For the United States, whose domestic oil production has long since peaked, this means lots of purchases from the Middle East and elsewhere.
“I’d like to not be dependent on people who are organized slightly differently from what we are,” he noted wryly.
Citing the well-worn metaphor of the frog slowly boiled alive as the temperature under his pan of water is gradually raised, Schaeffer offered an alternative to the “boiled” frog – the “bold” frog that sees the long-term trend and acts to change it.
“I’ve always been curious why the frog didn’t turn the heat down,” he joked.
Schaeffer said American Hydrogen is committed to being a waste-free, completely sustainable business. The ammonia for its electrolysis is widely available as industrial waste, he said. And while the Meigs County plant will be on the utility power grid at first, he promised, as soon as possible it will generate its own power with fuel cells.
“We’re going to be eating our own dog food,” he said. “Our plant is going to run on the electricity we produce.”.....
Regards to all longs.
May be they (the management) are all here (a week long event)!
http://www.hydrogenexpo.com/exlis.htm
http://www.hydrogenexpo.com/he08_Brochure.pdf
Hope they do a lot of networking.
Their booth is #623, the midst of the left hand (west) of the exhibiton hall.
http://www.hydrogenexpo.com/fp08.htm
dsp; thanks for your dd.
Regards to all longs.
Just my 2 cents:
As for the $1m grant, ARSC's partner OU is the lead applicant and AHC (American Hydrogen Corp) and Hydra Fuel Cell are collaborators.
http://www.ohiochannel.org/content_files_system/default/your_state/third_frontier_project/rfp_documents/96590.xls
How they use the $$, I don't think anybody should worry about it. It was summarised in the news release.
http://blog.cleveland.com/business/2008/03/3-25-08%20Fisher%20announces%20%2412%20million%20for%20Advanced%20Energy%20grants.pdf
I wished ARSC got the fuel cell grant too, of course. However I was not too surprised. ARSC/Hydra are not Ohio companies. All the fuel cell award winners (lead applicants) are Ohio companies. It may be a reason.
http://blog.cleveland.com/business/2008/03/3-25-08%20Fisher%20announces%20%248.9%20million%20for%20fuel%20cell%20development.pdf
I talked to the transfer agent too. Atlas was sold and I talked to a very friendly lady from the new agent. She told me ARSC issued 21 mil shares sometime in March . Now OS is 209,416,856 and float is 156,207,185. This seems to coincide with the March 7 PR.
http://biz.yahoo.com/bw/080307/20080307005655.html?.v=1
"Jim Twedt, President of Hydra, said, “With this funding we hope to begin responding to the $2.5 million of purchase orders that we currently have.”......
Few people like dilution, I guess. But according to my finance friend (who owns ~ 1 mil shares): our economy is probably in the worst financial crisis since WW II ; and "Can anybody show ARSC any better way to get $2 mil funding at this time?"
Regards to all longs.
Agree.
ARSC didnot get everything they hoped for. But they got $1m free $$$ to develope ACE ; a $2m funding for the fuel cell production ; a facility to manufacture ACE and possible other related products (financial details not known to us yet); a backlog po of $2.5 mil and a friendly and helpful distributor; with certification of HydraStax pending.
Don't forget our economy is probably in the worst financial situation since WW II, a bursting of two bubbles : housing and credit. I consider ARSC lucky (have to give some credit to the management) although their timeline of development is longer than I hope. Imagine someone running a small business with no record of profitability and little assets; according to my financial friends, it is next to impossible to get a $2.0m funding at this time (not to say any free$$ from our gov). Anyone doesn't believe this; try to talk to your banker and your local gov.
Looking forward to the certification news
Regards to all longs.