Occams Razor-says the simplest answer is often correct.
I think we are discussing "why". Either they have alternative financing OR they are going out of business. Pure speculation until an announcement. As to why the RW filed - they had to -SEC regs. You are right about the testing (that was US Navy) the product is sound, its the company and management that suck. Product is patented, someone will make some money on it. Just hope we are still around to share in it.
Let's look at the facts:
Raytheon is working with (or at least looking at) fuel cell companies. (Not just Neah)
The US Military is very interested in alternative power supplies. (Just got a big budget approved too.)
Neah Power has a fuel cell that is more reliable,powerful,resilient than current generation. Also can be massed produced with current technology. All of this HAS been verified.
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The Downside:
Post 4060 descibes it well.
A long history of failures to bring to market.
Limited market - Military apps is going to be it. This is a expensive technology, commercial apps are out. Is the CEO at fault? Sure looks like it to me.
Now we wait - Good luck to us all.
