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Microcap & Penny Stocks : DCH Technologies (DCH) -- Ignore unavailable to you. Want to Upgrade?

To: Scoobah who wrote (2100)	10/30/1999 11:05:00 PM
From: Dan B.	Respond to of 2513

For me, it all boils down to my perception that the people behind DCHT are solid, the customers and partners are great, the revenues are growing at a wonderful clip to date, and they finance their existence in these early days through minimal equity financing, while company officers refuse to accept 100,00 dollar salaries they are entitled by contract, apparently, just to help the cause. Hardly the typical BB money grubbing outfit that is out to line its own officers pockets first. Steve, despite the charges leveled against your "hype,"(even my own), the nature of the news and information available on this company overwhelmingly convinced me long ago that it is a class outfit with a solid product(s), bound, IMHO, to pass evaluation phases with customers and become a force in the hydrogen industry. Of course, any reader of this thread would have guessed my opinion. Oh, and I do love circles in invention. The DCHT circular fuel cell with its self-evaporation and declared ease of manufacture may well prove to provide interesting products for the marketplace in the future. Meanwhile, I suspect we can watch hydrogen sensors begin to provide the basic means DCHT needs to end regular equity financing, however minimal it's been. By the by Sid, I own GBLX, talk about equity financing! Few seem bothered given GBLX potential. In the meantime Steve, perhaps your 20 mil. figure is a reasonably conservative estimate for shares outstanding come the end of that 12 month timeframe in which you hope we hit at least 5 bucks and a fifth of Plug's current market capitalization. I reckon. Dan B

To: Scoobah who wrote (2100)	10/30/1999 11:23:00 PM
From: Sid Turtlman	Read Replies (3) \| Respond to of 2513

"this company chooses equity finance over debt" That is a funny way to put it. Who exactly is doing the choosing? It couldn't be that no one will lend the company a nickel, so it has no choice but to keep pumping out the shares to stay in business? As to appropriate market cap, each investor can form his/her own opinion. DCHT's precarious financial state and inability to fund more than minuscule amounts of R&D would explain why investors give it a market cap so far below the real fuel cell companies. Your continual suggestion that this is somehow unfair does not take those factors into account. As I have said before, were DCHT to raise a significant war chest of funds to do the R&D that will be necessary to be competitive in the long run, then that would be a different story. Please let me know if it ever happens.