RE: Dead companyOh yeah! H2!
Where does it come from? It is not a primary source, it is a seconday or tertiary product.
It comes from processing like this:
oil to h2
gas to h2
solar wind or hydro to electricity then electrolyse water to get H2
Better to use oil and gas directly, or use solar, wind or hydro to generate electricity. The energy losses due to converting the primary source to H2 are actually quite large. It is actually better for the environment, and even global warming, not to use hydrogen due to the energy it requires to get it!
The market, scientists and even the government are beginning to realize this. That is why capital is moving to other alternative energy sectors.
Hydrogenics is a company that should trade at cash value plus about $5-million for patents. So we are looking at about a 40% downside from here. An get this, the downside will increase going forward as they burn throught their remaining cash!
Like i said, this is dead money. Your investment will shrink over time.
Do the environment a favor and invest in Solar, geothermal, wind or hydro. The hydrogen economy is bad for the enviromnent and your portfolio.