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Re: Rager post# 466

Thursday, 05/27/2004 9:02:54 PM

Thursday, May 27, 2004 9:02:54 PM

Post# of 611
Thanks Rager. I see no bombshells here.

So I really wonder what held things up to the point they would get bounced to the pinks.

I noticed that the chemist who lives near Rosenberger that Rosenberger brought onto the board is no longer a director. I had thought he probably left when Rosenberger did, but now we know. I never could figure how a chemist could get involved with this, and the answer turns out to be "temporarily".

I noticed also thet they are still using the 6 cent per cubic foot figure that we discussed earlier and found was much more expensive than electrolysis.

Generally the report doesn't contain a lot of obvious typos, like those clowns at ARGY always write. There was one mistake, when they say in the "Overview of the ECHFR" that
"This reaction produces both hydrogen gas and distilled potable water suitable for human consumption."

No. That reaction results in H2, heat, and wet oxide precipitate. Burning the H2 is what produces distilled water.

The current market cap is valuing the company at prety close to the tax value of the losses. They ought to put a plan together to realize that value, and not let it dribble away.


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