RE: Convert Natgas to electricity"As a taxpayer, I am actually paying money to keep Ballard afloat"
What a cliché . I could just as well write "as a taxpayer i am paying money to keep ...... afloat". Just use your imagination and put any entity which recieved govt supports. Ballard has around $1 a share in cash and no debt. They don't need tax money to stay afloat lol.
"The contract was canned because it is not economical and technically unfeasible"
How is that? You are out of it lol. Even if you hold a short position you should keep updated. Ballard shorts have been burn badly in the past and it could happen again.
Now the update."Hal Koyama, CEO said:
“IdaTech is making very good progress with the development of the natural gas fuel cell
product and is delighted to continue working with ACME. The Distribution Agreement gives
both IdaTech and ACME greater flexibility and allows the companies to continue to
collaborate on a number of projects. Our new agreement is a sign of the strong interest in
the large scale market for fuel cell products in India and the collaboration with ACME.
Working together, we plan continue to develop and grow the market.
As previously announced, in the development of the natural gas product, IdaTech has broken
through a significant number of the cost barriers and added significant new technology to the
Company’s portfolio. Much of this new capability will also be leveraged in IdaTech’s next
generation methanol/water fueled systems, due for launch in late 2010.”
"Ballard's time has come to the end."
That's a good one lol. More cliché than that you die. I don't wish you bad but make sure you stand near the door if you are short Ballard.