Replies to post #4059 on XNRGI Inc fka NPWZ

[9lt98x]

LB, my opinion would be that if any company looked at Neah's balance sheet, they wouldn't want to pay the price to buy them out. I only find Neah's product advantage to be in a non air breathing environment. I would think that market to be a rather small one. There are quite a few fuel cell companies out there, that are already commercially available in the air environment now. Product already to market. Although NEAH probably has a unique product, the price and the failure to bring a product market, for as long as they have been at it, is very disappointing. I am sure Raytheon is also looking at other fuel cell companies as well, not just NEAH. Now that there 10M financing deal is gone, makes me wonder if this company can survive. You can also look at Neah's letters of intent of the past and you do have to go back a few years with EKO, Hobie
Cat, ELCR and see the progress of those deals. The laundry list is long for the failures of this company and really should blame the CEO for most of it's ills. IMO FWIW

[XNRGI2008]

We will never know if they have a contact until they actually release that information.

Wasn't it last year they got to 2000 hours of operation with out 10% loss of power or something? Maybe that's when Raytheon noticed them and started looking at them... Who knows...

My question that we are not really discussing is WHY would they withdrawal from financing and or why did the file a RW? They need the cash, don't they?

Why do companies to do this.. Historically what has the reason been behind it..