Replies to post #3603 on XNRGI Inc fka NPWZ

[Slojab]

And how exactly is it they plan to buy a privately-held company?

Why, with shares, of course! ( :

[AliEn BRaInZ stox]

I guess you missed the Press -
<<<<And how exactly is it they plan to buy a privately-held company?>>>>
All of this info is out there. Not too hard to find either.
April18th 2011
"Southridge Partners II Enters into $10 Million Equity Purchase Agreement with Neah Power for Fuel Cell-Based Renewable Energy Solutions

RIDGEFIELD, Conn., April 18, 2011 /PRNewswire via COMTEX/ -- Stephen Hicks, Managing Member of Southridge, LLC ("Southridge"), announced today that Southridge Partners II LP, an institutional investor, has entered into a $10 million equity purchase agreement with Neah Power Systems, Inc. (OTCQB: NPWZ), the company that is developing portable fuel cell-based renewable energy solutions ("Neah Power").
"We are excited to work with Neah Power as they pioneer advancements in fuel cell technology and deploy these products to very enthusiastic customers," said Mr. Hicks. "Southridge is committed to working with Neah Power as they continue to develop and market innovative solutions that will be in high demand in the renewable energy space."

Pursuant to the equity purchase agreement, Neah Power has the right, in its sole discretion, to sell to Southridge up to $10 million of its common stock over a 24-month period. The Company will have the right, but is not obligated, to sell stock to Southridge depending on certain conditions as set forth in the equity purchase agreement."


http://www.otcmarkets.com/stock/NPWZ/news