For the most part, I agree with you. I can say that since everyone thinks insider buying is good,Frank and Bob could have made these "Token" buys just to pump the stockholders into thinking that something was about to happen. Frank has told me flat out on the phone two years ago when I told him that I was concerned about the pps going down " We still have a few tricks up our sleeves.". I don't believe much He says but with his history, I do believe that.
There are many positive things to look at. Not only proof of a pattent on part on the Fuel Cell, but the technology they are working with Ohio U on.
The major thing to remember is the company is burdened with loans,and they are currently,according to the SEC report, in default again. They have a finite amount of time to get to market before money runs out.
The word was that they are ready to start producing cells but won't until someone puts some money on the table first.
Maybe he is refering to selling an uncertified cell. With all the "Bankable PO's" they are suppose to have, I expect that Either they are only for certified cells or as said before by Frank, Those POs are mostly just a promise to buy when the product becomes available.
Go to a car dealer and tell him that you are going to buy a car from him when you return. He doesn't really expect you to return unless you put a deposit down in good faith.
I work for a large company and guess what. Any large items that we buy require a down payment with the PO and balance on delivery. That fact makes me concerned about the POs that were advertized . The customer can always back out with out risk of a loss if they don't put some money on the table.
Another major thorn in my asking is what are these fuel cells suppose to run on ? They don't have a formulator for ammonia yet. Other options to obtain hydrogen of the purity required by the generator are very expensive. What would make someone want to buy one under these circumstances ? ARSC won't answer that question. That concept is always avoided in connversation. One could suggest that Solar power could be used to generate Hydrogen. Thats true but a more rational way to approach solar power is net metering. Make power and sell the surplus back to the utility. Thats much less complicated and will have a faster pay back time . The only thing that makes this fuel cell dezirable for primary power is the concept of breaking down ammonia . In that area they haven't shown us the meat yet. No one wants all bun and no patty. Right now the company is showing all bun.
Wait and see but don't try and rationalize this company because so far it has just led to frustration.
AI
