To: Sid Turtlman who wrote (500 ) 2/7/1999 3:24:00 PM From: IRVINESULLY Respond to of 2513
I have to say, I agree, there may be other companies either developing or already producing various fuel cells..To me, that doesn't make as much difference as their "bottom line"..If they can "mass produce them", it will be far less expensive than to special order them. As far as other companies, I do not see that to be a problem. It's called free enterprise and competition...You do not see one automobile manufacturer, or for that matter, go into any store and see how many cereals there are..Not to say that cereals can be compared to fuel cells, or sensors, it is just to point out that in no way did the company ever state that they will be cornering the market...This is fairly new technology, with room for many companies. As far as financials, I don't know if this will help you or not. But when I was at the meeting, I was told that they are in the process of preparing them. They did not give a specific date...So, that might indeed be another factor that will add some validity and exposure to the company. As far as their lack of $$$$, their charts pointed out that production/sales only started showing some major growth in November and Dec.,, and that there was a hold up in the months prior to that, and that the "glitches" had been ironed out, thus showing an enormous growth for those two months I stated, and that they already had a backlog as of Jan. of about $500,000, with more contracts being negotiated. And yes, it was clearly stated that the numbers were "unaudited".. My one feeling about what has gone on regarding the company, is that they are a group of very dedicated engineers, and what was really lacking, if anything, was the inability to come across communicating a little better. And I do believe they are taking care of that also. Every company out there needs a way to catch the eye of the public, and there are ways to say things that will do a better job. I don't know, if I have mentioned this, but I have also heard that there are possibly at least two small funds that have inquired about DCHT, and are keeping their eye on us and the developments. To me, that is very good news. Take care.