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Sam isn't diluting shares. The conversion shares are the ones going onto the market. It is part of getting the finances needed to get this ball rolling. You have to find investors in order to get money to make things happen. Unfortunately they are going onto the market now in a big way but it is all part of the course.
And if I understand this correctly they can't exercise the warrant if they own more than 9.99% of the O/S after it is exercised. From the 8K from Feb 20th
If at any time there is no effective registration statement registering, or no current prospectus available for, the resale of the shares of Common Stock underlying the Warrant, then the holder of such Warrant has the right to exercise the Warrant by means of a cashless exercise. The Company is prohibited from effecting the exercise of the Warrants to the extent that, as a result of such exercise, the holder beneficially owns more than 9.99%, in the aggregate, of the issued and outstanding shares of Common Stock calculated immediately after giving effect to the issuance of shares of Common Stock upon the exercise of the Warrants.
Warrants, cashless exercise, cashless conversion, etc
To illustrate a cashless exercise:
...assume a trading price of $10.00 per share and a warrant to acquire 10,000 shares at an exercise price of $1.00 per share. Presumably, the warrant is worth $90,000 (10,000 x $10 = $100,000, less the exercise price of $10,000). In a cashless exercise, the holder would surrender the warrant in exchange for 9,000 shares ($90,000 intrinsic value of warrant divided by the $10 stock price)....
Revenues and pps is all that matters. Whenever this stock has run before is on the assumption the company is about to generate revenues and then it falls flat. Keep that in mind if you are long in Npwz.
Thank you hawke for your post. This isn't a start up company- in business for 15 yrs with loads of money dumped in it and what does it have to show for this? They should be way ahead of the pack but are lagging behind.
I think it is people who didn't get the pop they wanted. Seems a funny time to sell with the PR about Fairway and we know more stores to come in the future. The announce we are getting shelf space and somebody sells? They were probably just a flipper.
This one investors hold almost 60,000,000 shares of the float now, Prisine?
On February 14, 2014, the Company sold to certain accredited investors pursuant to a Subscription Agreement, an aggregate of 33,333,332 shares of its common stock, 26,666,667 shares of the Series C Preferred Stock
Founded in 2005 - Myfc - here is their webpage
http://www.powertrekk.com/
and their next step into a more powerful fuel cell
http://www.marketwatch.com/story/myfc-introduces-powertrekk-20-unique-charger-that-runs-on-water-now-for-tablets-2014-06-17
With a little work I could find out how many they sold in the last year but I am to busy right now.
Founded in 1999 - NPWZ here is their webpage for the buzzbzr
https://www.indiegogo.com/projects/buzzbar-suite-grid-solar-battery-fuel-cell-charger
Read the 10Q's - they just burn through money and produce nothing for their shareholders. Do what you want and it may see a bounce with some more pumping in the future but this company has shown zero capability or want of generating any kind of revenue. Rides on the backs of its shareholders.
The Swedish company had a much nicer design, price and more places to buy then Neah. Neah buzzcell is falling behind the competitors- the competitors are the intelligent ones and marketed the product, I am sure, as a first step into more innovation to come. Now they are charging cell phones and the like but soon I bet we see ones capable of laptops and more. Intelligent - can't say the same about Neah and its management. I call him Dr. DoLittle. His marketing campaign was directed at shareholders to buy the product. What a POS. I hope they get what they deserve in the long run and you all get out after his next pump of he stock.
-"The stock market is a device for transferring money from the impatient to the patient" Warren Buffet.
If all the decent individuals who put their hard earned money into this stock could recoop their money first I would find this more humorous myself.
Let hope for some pump sometime this winter after the dust has settled and I wish you all the best of luck.
Both ACPL and BKMM on the ask at close.
No swearing - but BKMM just stepped up to the plate on the ask at .011
From the Q&A video (minutes 29:36-30:21), Dr D stated that Neah has accounted for the DRDO shipments, but does not say how other than that is how they chose to. I have looked at the past couple of 10-Q's on the SEC's website (link below), but I can't see any mention of it on the financials. So how did they choose to account for the sale(s)?
Please see my other comment regarding accounting. Since the PO has an onsite validation, the Company plans to recognize this revenue in the Oct timeframe
Dr D'Couto... I am not sure of any other comments on accounting, but I would be happy to read them. I also don't understand why the PO is not being recognized until Oct. Previous reports stated they shipped in May, had an 8-12 week eval; I believe, so I assumed it would have been on the previous reporting. What made it curious beyond that, is how it was; or lack thereof, answered on the Q&A. I look forward to the next quarterly. Thank you
For the PowerChip™ and the BuzzBar™ products, we will also continue to pursue adoption in the consumer markets. While the size of the consumer markets is very significant, the adoption cycle can be much longer than the other markets that we are currently focused on. These longer adoption cycles are driven by longer lead times for product development, distribution, supply chain implementation, and consumer specific safety testing. We are in preliminary discussions with a large consumer Company for consumer applications, which, if successful, is expected to take 6 to 16 months for product placement on store shelves.
What market are you currently focused on? We thought with the announcement on 12/18/2013 you were focusing on the Buzzbar products?
Thank you for your inquiry. Management provided the following response.
Re. the Drone MOU, we previously announced this in the letter to shareholders. We are continuing to work with the Company, and as we get a better handle on the overall schedule, we will make further announcements.
http://neahpower.com/2014/05/neah-power-ships-to-defense-research-and-development-organization-drdo/
The 8 to 12 weeks came and went with no discussion whatsoever about the DRDO or any licensing agreement since this PR on 05/07/2014. I said it has gone flat and looks like they are focused on something else.
Look at what this Swedish Co and their website
http://powertrekk.com/
By the way - I don't think it is because he needs the money, he has a real job for a source of income.
As far as Bill Shenkin - here is what we know and I drew a conclusion from these things and the management of Neah power for why I think he is selling
William M. Shenkin has served on our Board since November 2013. Mr. Shenkin is currently the CEO and President of CeFO, Inc. Mr. Shenkin specializes in working with businesses and individuals in providing family office services for high net worth individuals, chief financial officer services including strategic business review and planning, monthly financial and accounting review, equity and debt financing, buy/sell negotiations, and tax services. Mr. Shenkin’s professional history encompasses 30 years of CPA, tax, audit and advisory services beginning with Ernst & Young, then Shenkin Kurtz Baker & Co. and presently CeFO, Inc. He is a member of the American Institute of Public Accountants and serves as a Board Member and Board Advisor for numerous companies and non-profits. Mr. Shenkin holds a M.A. in Accounting from Florida Atlantic University.
From his CeFO site
Bill Shenkin is the founder of CeFO, Inc. Twenty years ago Bill set out to use his foundation of accounting and tax knowledge to bring expanded services and work closer with his clients. This desire led to the ultimate creation of CeFO, Inc. whereby we work very closely with our clients as their accounting and financial partner, their" personal chief financial officer". Bill has many years of experience building the family office services practice using the accounting and tax foundation, current technology, and working closely with high net worth individuals. In addition, Bill has worked on numerous transactions including assisting business owners with fully analyzing their business, implementing financial systems, obtaining proper bank and related financing, selling their business, buying new businesses, implementing forecasts and projections, tax analysis, estate and tax planning, implementation of fully automated accountng systems (CeFO has been 100% paperless for 8 years) and being a partner to each business and individual client
So the DRDO deal has gone flat and the Buzzbar suite products are on the wayside. Those were the two things we were waiting for exciting news over this past year. Now it looks like they are going to use the Drone MOU for their next pump. This stock may rally when they start releasing news about all their plans for the coming year. Penny stocks typically do better in the winter months anyhow. For me this would be a good time to shed some shares and move on. Good luck to you all.
Head in the sand
It should find support in this area - if it doesn't, look out below!
Hold on now - the kids are going to get 10 bucks of that $45. Looks like all we are missing is the telemarketers.
This is the first time I've seen MJAM lose his grip a little. We've been waiting since the end of August deal fell through for them to get on shelves. They've have been pounding the pavement to get some brand awareness. I think we are going onto shelves soon and that will be the PR. Just IMO
Funny how many people see potential in this company - I see it also but if they can't manufacture and find buyers for their products it is all for not.
Here is something funny someone emailed me I am going to post -
The more I think about Neah's announcement the more I am disappointed. He's talked about that Indiegogo so it wasn't really new news. One guy wrote these are preorders. Is that correct? Still no product to send? I think we DO need a new CEO. That Bill whose dumping stock seems to be the brightest in the bunch!
By the way - you can't possibly be excited about what you are seeing her can you 2muchmoney? Putting this marketing campaign for the buzzbar in the same category as the Wright Brothers, come on now.
Well it is not exciting for a shareholder. Lets just start with the fact there isn't a 'buy it now' on the page. Donations(?) Even yestereday I was thinking to myself if they can't generate money they should start a nonprofit and get some telemarketers.
So let's back up and start with the buzzbarsuite.com page. Here they should have the actual site for buying the product. They can have a link to the page with indiegogo and what they plan to donate in the process and how you can help. I agree this is a humanitarian cause but remember this is business and about making money so don't get confused here. It seems to me the buzzbar gets a little lost in the shuffle on the indiegogo webpage.
I like the video and the 'take charge' - with some tweeking this is pretty good and should be on the buzzbarsuite.com page along with the actual capability to "buy it now".
The time frame to have to wait to receive the product is ridiculous
Come on Neah - you can do better than this. It appears we believe in this product more than you!
Also this evening Chris DCouto has responded to some of the shareholders concerns tonight on Agoracom's message board.
From Agoracom - they have no idea where that youtube video cam from
http://agoracom.com/ir/NeahPowerSystems/forums/discussion/topics/622714-you-tube-videos/messages/1951827#message
Who cares? as systematically been posted on agoracom and repeatedly deleted. You can build as many things as you like but if you can't sell them it is of no use to the shareholder. No revenues - where is the DRDO revenues? can't seem to find them in the 10Q's. Did they blow that sale also? no manufacturing/no marketing (unless you call asking your shareholders to tell their friends and family marketing) and no selling. Sounds like a hobby to me.
Tomorrow is their big day to prove me wrong.
I am posting this else where and it is deleted every time so I am going to try and post it here.
If you are not generating a revenue it is not a business it is a hobby. Stockholders feel Neah Power has products that can generate money for the business. It appears as if Neah Power doesn't know how to manufacture, market or sell the products. This is an important part of running a business.
They have had almost a year to figure it out - from 12/18/2013. We will find out tomorrow if Neah is a hobby or a business
Highly Anticipated BuzzBar Launched Along With Website Redesign. Limited Number of First Generation BuzzBars Available.
BOTHELL, Wash., Dec. 18, 2013 (GLOBE NEWSWIRE) -- Neah Power Systems, Inc., (OTCBB:NPWZ) http://www.neahpower.com, a provider of power solutions using proprietary, award winning technology for the military, transportation, and portable electronics markets using the PowerChip® and BuzzBar technologies, announced today that the Company has officially launched its new BuzzBar and BuzzCell products world-wide on their new website. Consumers will have access to a limited run of first generation BuzzBars on a first come, first served basis. The BuzzCell is currently only available for evaluation and Neah Power is running a contest via Twitter for only 20 lucky technology enthusiasts to be the first to evaluate the new technology.
I think they have a marketable product- the problem is they don't have the right people in place to get the job done. I would fire who ever is in charge of marketing and selling the buzzbar and get someone competent. Their website is poor and I am almost certain the customer relations will be awful without the right management team. Just because you can create a product doesn't mean you know how to sell it.
Here is a link from MSN money - seems fairly well updated. If all of the initial investors get out (and I really doubt they sell them all) at this time the float could go up to around 215M. They would mean they would have to sell everything they've got and I find that unlikely. Correct me if I am wrong but that is my take on this.
http://investing.money.msn.com/investments/institutional-ownership?symbol=jala
I would be totally surprised to see the float go to 270 - isn't it based on insiders and institutional shares also so what they are holding will be reflected in the difference between the float and the O/S
If you look at other penny stocks in this price range and see how many outstanding shares they have you will see that WEST doesn't as many on the market. No volume- but that could change with penny season and Chan at the helm. Good Luck
It not that I don't think WEST has potential - I was just showing you why the price has been falling. It won't last forever these news shares coming into the float. Hopefully see more volume coming into penny stocks soon.
During the six months ended June 30, 2014, the remaining 467 shares of Series B Preferred Stock were converted into 21,020,015 shares of common stock and the remaining 87 shares of Series C Preferred Stock were converted into 4,333,350 shares of common stock. Also during the six months ended June 30, 2014, 770 shares of Series D Preferred Stock were converted into 38,500,000 shares of common stock, leaving 90 shares outstanding. Subsequent to June 30, 2014, the remaining 90 shares of Series D Preferred Stock were converted into 4,500,000 shares of common stock
From 5/14 10Q
As of May 12, 2014, 193,164,132 shares of the issuer’s common stock, par value $0.001 per share, were outstanding (including non-vested restricted shares).
From 08/12 10Q
As of August 11, 2014, 241,278,204 shares of the issuer’s common stock, par value $0.001 per share, were outstanding (including non-vested restricted shares).
O/S increase of 48114000
Sorry - mine says page not found
Plus their facebook page is down so maybe there are updates coming and if I were to guess when we get news it is after the Dodge Barrage
Quiet in here today. Here is my opinion for what it is worth- People with this kind of money to invest aren't stupid with their money. I don't think they will sell all they have with no real return on their investment. I think they will sell about half and hold the rest. Things are just getting started here for Jala - no reason to not put a few chips on the table