FYI
That company Encore Clean Energy Inc. (ticker ECLN) looks like a classic
"pump-and-dump" stock. It's IPO appears to have been late in 1999 at around
$90.00, and by early 2000 had climbed to over $235.
Since then it has traded as low as 9 cents... and yesterday it closed at $
0.38
Caveat emptor...
Colin
----- Original Message -----
From: "Jones Beene" <[EMAIL PROTECTED]>
To: <[email protected]>
Sent: Saturday, August 06, 2005 11:25 AM
Subject: Re: Engine claims to recover low-grade and waste heat
----- Original Message -----
From: "Mark Goldes"
This may be of interest. http://www.aiada.org/article.asp?id=45693
Wow Mark,
A few weeks back I must have been taping into a technology "meme" which
these guys created in neurospace, because this concept is exactly how I
envisioned a heat-->electric converter for the low-grade heat output of
the MAHG.
Curiously, they did not mention the word "thermoacoustics". I wonder if
that is part of the strategy to try to distance their IP claims from prior
art, which is fairly well developed under that particular name. But can
you distance this MPG technology from thermoacoustics, really?
Even more "curiously" is this bit from their recent SEC filing-
"We do not expect the Encore Business to achieve profitability in the near
future and we expect to incur substantial operating losses for at least
the next twelve months. If we are unable to develop a significant revenue
stream or if expenses are larger than expected, the Encore Business may
never become profitable."
Now, even if it is boilerplate, that is a shocker coming from a company
with such an obvious desire to see their name in print that they send out
a glowing press release to a PR outfit.
This technology bears a closer look, even if the company which licensed it
is "on the brink". More later.
Jones
