Replies to post #3428 on XNRGI Inc fka NPWZ

[9lt98x]

Read the last quarterly report.

[9lt98x]

From their quarterly. Remember they had no income in 2010 and have this option available to them pasted below

Any future financing we obtain may further dilute or otherwise impair the ownership interest of our current stockholders. If we fail to generate positive cash flows or obtain additional capital when required, we could modify, delay or abandon some or all of our plans. These factors, among others, raise substantial doubt about our ability to continue as a going concern.

[9lt98x]

In connection with the appointment of Mr. Sakaguchi and Mr. Schmidt to our board of directors, the board of directors approved a grant of 1,200,000 stock options to Mr. Sakaguchi and 800,000 stock options to Mr. Schmidt under our 2006 Neah Power Systems, Inc. Long Term Incentive Compensation Plan. Mr. Schmidt’s and Mr. Sakaguchi’s right to exercise the stock options is conditioned upon the company filing an amendment to our articles of incorporation increasing the authorized common stock available for issuance.