Hydrogen Engine Center Inc (HYEG)

[jonesieatl]

From the recent 10-Q:

"On April 11, 2008, we entered into a Standby Equity Distribution Agreement with YA Global, which provides us the opportunity to access additional capital in the maximum amount of Four Million Dollars ($4,000,000) in increments not to exceed $350,000 each. We will have access to these funds over a two-year period beginning on the date on which the SEC first declares effective the registration statement to which this Prospectus is made a part, registering the resale of our shares by the YA Global. We plan to access the SEDA funds in August and will only access the SEDA funds thereafter to the extent necessary."

This will put HYEG in interesting company with scores of other YAGI clients.

http://investorshub.advfn.com/boards/read_msg.asp?message_id=29454877

jonesie