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Gold/Mining/Energy : Tathacus TTC CDNX - hydrogen -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (8)	9/16/2000 10:17:12 AM
From: MrsNose	Respond to of 34

Hi marcos! I guess we have to play this one on the momentum. Should be interesting Monday. Margie Picked this out of the National Post: --- Love those fuel-cell stocks Ballard Power Systems Inc. (BLD/TSE), king of the bunch, rose 10.3% on the week after California regulators decided to keep a rule that will require 10% of new vehicles sold in the state to produce no emissions. The whole sector has worked itself into a frenzy. Tathacus Resources Ltd. (TTC/CDNX) rose $6.70 to $8 yesterday, after a related company, closely-held Xogen Power Inc., said it has developed a generator that can take tap water and produce hydrogen, which could be applications in the fuel cell business. It is little wonder that investment bankers have a whole load more of fuel-cell technology related companies ready to go public. The top three performing stocks on the TSE this year are all fuel-technology related, led by Ballard up 307%, Westport Innovations Inc. (WPT/TSE) up 267% and Global Thermoelectric Inc. (GLE/TSE) up 208%. Let's hope the whole science of fuel cells actually works and we're all driving non-gas-powered cars in a few years. If that doesn't happen, a lot of people are going to lose a ton of money. Ballard - with little revenue - is worth $14.7-billion, not far behind the Bank of Montreal at $17.3-billion.

To: marcos who wrote (8)	9/16/2000 11:15:18 AM
From: ddl	Respond to of 34

Well, I made like the bandit with IPM. Could of made lots more but realized a bit too late it was "sting". I guess everyone has their investment style. Some call e'm right sometimes. EC called IPM, but blew his load on WSP. This one looks and wadles like one, but after talking to the co. and reading the site, it's either a misconceived sting, or an unprofessional honest attempt at introducing this new gizmo. I don't think it's cutain call yet...

To: marcos who wrote (8)	9/16/2000 11:55:45 AM
From: Greg from Edmonton	Read Replies (1) \| Respond to of 34

Indeed, the story sounds remarkably like another variant on the "perpetual motion machine". Somewhat reminiscent of the Cold Fusion hoopla of 1989 by Pons and Fleischmann, where are they now? No, maybe more like the "gold extraction from seawater" scam that was publicly traded some years ago (before I started following the markets so no I don't know the ticker symbol). I follow the fuel cell / energy stocks and their stories rather closely so I have a decent handle on the technology. My initial impression - stinky. The last time I noticed a shorting opportunity this obvious was last fall with the runup in PERL / PL(TSE) which managed to jump aboard the Linux hype by issuing a release stating that their PC serial cards were fully Linux compatible (as the guy said on Who Wants To Be a Millionaire Canadian Edition, "Like, Duh"). I missed shorting PL but may seriously consider a TTC as my first-ever short position if the conditions are right (I admit there has been a lack of history on TTC and wouldn't try to argue with the momentum of a stock).

To: marcos who wrote (8)	9/16/2000 3:50:42 PM
From: WhatsUpWithThat	Read Replies (1) \| Respond to of 34

I checked this with my big brother (even adults call their big brothers to help with homework, it seems!), a physics PhD with 25 years experience (most recently as Chief Scientist) at a mid-size (500 employee), reputable, science-based company. His take is much the same as yours: start with water, end with water, you ain't gonna get any great whack of energy out of it <gg>. Moreover, he read (and forwarded to me) the patent app - it should be said also he has extensive experience with filing and researching patents, as the business generates a lot of them - and he was struck by several things: - it is not the most professional patent app, to put it kindly, sort of like almost like the FAQ page <gg> - it mentions NO prior art, highly unusual - and there certainly is prior art, other patents in this area, and it should be referenced - it makes no mention of patenting method (ie. new understanding of why and how this works), but rather only the apparatus itself - while there are indeed the two forms of hydrogen mentioned, he fails to see how the simple apparatus mentioned has any bearing on the ability to produce either or a mixture of both at will by simply varying the mix of power supplied to the coil or the anodes; this looks highly suspect - he finds it interesting that providing pulsed power to the coil, etc (RF frequency for the coil, much lower for the anodes) solves the problem of the hydrogen bubbles sticking to the producing device rather than freely escaping for capture (and also insulating the producing device, lowering its efficiency), but also finds it surprising nobody would have tried that before. Not saying it works or doesn't but it raises more questions to him. In his mind all this recalled the cold fusion furor. People are saying "hey, it was demonstrated to the exchange before the agree o take the halt off". Demonstrating it to the exchange is a very mild form of review indeed: I can't imagine they have the capabilities or interest to peer review it, but rather need at least to know it's not a total lie. Even patent apps don't review the efficacy - or whether in fact it works as its purported to - but really more to ensure the method or physical apparatus is patentable (unique, distinct, etc). A number of perpetual motion machines have been patented over the years... And this is, after all, only at the application stage, no? It hasn't even been approved yet. All in all, it's not where my money is going. I'm too nervous of it as a momo stock, either long or short. I'll just watch, I guess. Cheers WUWT