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ShortonCash

06/19/17 3:37 PM

#23653 RE: ShortonCash #23645

Neah Power suffers the same sorts of problems every other young technical company suffers from. They have a lack of money and a lack of visibility. I liked the story enough that I went out on the open market and bought shares. The company needs to raise money and should any readers be interested, I suggest you contact the President Chris D'Couto directly for more information.

I hate the share structure; they have 1.9 billion shares outstanding and as of right now, the shares are quoted at $0.0009 apiece. I had a real problem figuring out just how many shares I got and I was afraid when I placed an order in getting the decimal point in the wrong place and owning the company shortly thereafter. But as of right now the company has a market cap of about $1.7 million. Various projections guess the total demand for battery storage in the world between $60 billion and $120 billion per year.

The process that Neah Power has invented to create the battery innards on a chip-making machine is highly scalable, unlike current technology. The company is in discussion with various large computer companies and automobile manufacturers but naturally whom they are talking to is not public information

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https://www.streetwisereports.com/pub/na/17114

I can't go into the technical details of what makes the batteries better because I don't understand all of the issues but basically the internals of the battery are fabricated on standard computer chip making machines. The Neah Power battery is made up of 320,000 micro batteries per square inch. If for any reason one of the 320,000 micro batteries goes bad, due to the physical separation between the individual batteries, there is no cross contamination. With a conventional two-dimensional battery, every point is connected to every other point. When one fails, the whole thing blows up. Literally.