How Hydrogen is MadeFor those new to the board here is a blurb on hydrogen and it's many uses in today's society and my two cents on this stock.
Fuel cells have become all the rage in the last few years however did you know that they are not as enviromentally friendly as originally thought? Where do you think they get the hydrogen to power them?
Not from water electrolysis or from Oxgen's "technology" the way they get hydrogen is from good old natural gas.
Natural gas is mixed with steam and a silver catalyst this creates hydrogen as well as carbon dioxide, carbon monoxide. This is also how Syncrude and Suncor make the huge amounts of hydrogen that they need to crack the heavy oil into bitumen and its derivatives. It is much cheaper for them to get hydrogen from natural gas than from even electrolysis.
The reason that I am bringing this up is that both Suncor and Syncrude are huge companies with hundreds of engineers who specialize in just making hydrogen gas. With all their knowledge I am suprised that Xogen's technology if it was at all feasible would have not been noticed.
I am not trying to be too negative but offer some insight. My take on this stock right now is that it was created during the huge stock market boom and some people got rich. The remaining investors are left holding the bag and this company may never trade for a few years. When and if it does start trading my guess is that it will be as a junior mining company.
I have contacted the CDNX, TSE, Xogen,d TTC, and the Alberta Government for information. So far only the TSE and TTC have responded. TTC sent me a copy of thier last news release and the TSE said that they need more information on the Xogen technology before they could allow trading. I contacted Xogen and the Alberta Government since I remember a signed letter from Ralph Klein being posted on the Xogen website (going back a couple of years). It was a glowing endorsement of Xogen and it's technology. No doubt this letter helped convince many people to invest in this company. However, the letter is no longer found on the website and I emailed the company and Alberta Governement to ask why this was. Did Xogen remove the letter on thier own or did Raplh K. ask them to remove it?
I am curious as to how the insiders dumped stock in this company but as of right now it seems like the only way to get this information is to buy a report. Last time I looked the CDNX website is not set-up to have this information available on-line.