A booming segment of the Perpetual Motion Machine industry is capitalizing on the hype over the "Hydrogen Economy" with claims to produce Hydrogen for impossibly low cost.

2006-04-11

Alternate Energy Corp Late Annual Report

Alternate Energy Corp on April 4th filed a NT 10k announcing that their annual report would be late. Explaining why they would not file their annual report on time, they stated:
The Registrant was unable to file its annual report on Form 10-KSB for the fiscal year ended December, 31, 2005 in a timely manner because its independent auditors could not complete their review and issue their report as a result of an outstanding balance due, which has been satisfied as of the date hereof. The registrant anticipates that its form 10-K might not be completed for filing by the extended due date.

It looks like there might be some confusion over priorities over there. Their 2005-Q3 quarterly shows them having $165k in deferred consulting costs and $219k in prepaid expenses. So those prepaid expenses don't include the auditor. What consultants are they paying first?

1 Comments:

Anonymous Anonymous said...

Here is how it works:

The oil and auto industry consider the battery industry to be a failed technology that can never be made or delivered in the form factor, price point, range or efficiency that they care about. (It doesn't matter, for this argument, what YOU think.) So they got together and used "layered anti-evangelism" to manipulate the battery industry.

"Layered anti-evangelism" is an intelligence agency third world manipulation device that works like this:

1. Select the target: In this case it is hydrogen fuel cells, which have been demonstrated to beat batteries on every business front.
2. Select your internal agents. In this case lobbyists and "writers" that are paid by the oil and auto industry.
3. Have the agents contact and talk to the "sheep". In this case the sheep are the writers for battery industry trades and heads of battery lobby or support organizations.
4. Have the agents convince the sheep via skewed data provision. In this case selected reports were written and then shown to the sheep to convince the sheep that hydrogen fuels cells would steal their funding, put them out of business and that the only source of hydrogen was from the "evil oil companies".

So you have battery evangelists who are anti-hydrogen sheep:
Ulf Bossel of the European Fuel Cell Forum
Alec Brooks- EV World
Sam Thurber

Yet for every manipulated argument they come up with, they are shot down by hundreds of sites with facts, ie: http://www.rmi.org/sitepages/pid985.php

WHY? Because you can make hydrogen at home and the ability to do it fast, cheap and clean is coming 40 times faster than they thought.

This happened, using the same process, to:
1.) Electric light rail in America (US Vs. National City Lines, 334 US 573)
2.) The EV1
Etc.

July 09, 2006 5:59 PM

 

Post a Comment

Links to this post:

Create a Link

<< Home