This investment appeals to the "green" in all of us, but has been a very disappointing investment. Their excessive front-end fees a poor performance over the past year are a signal to those thinking of investing. These folks play on your environmental greeness and then sit back a slowly eat away at your hard earned dollars. Invest at your own risk. I got burnt...you don't have to!
Please pass this on. If you open an account with Chas. Schwab you may purchase NALFX without the 4.75% fee. I have found numerous "loaded funds" that can be bought no-load @ Schwab for only a small fee. Usually around $35.
OTTAWA, Dec 19 (Reuters) - Energy storage developer EEStor Inc, a key partner of Canadian electric car maker Zenn Motor Co (ZNN.V), has secured a U.S. patent for its battery, its chief executive said on Friday.
Low-profile EEStor is working on an ultracapacitor battery that is smaller and will charge faster that traditional batteries.
Zenn holds the worldwide exclusive rights for use of that battery in vehicles under 14,000 kilograms (3,086 pounds), a market that Paradigm Capital analyst Marvin Wolff estimates at about 30 million vehicles annually.
"All patents are always important," Chief Executive Richard Weir told Reuters, but declined further comment.
Zenn also declined to comment.
Wolff said EEStor also has a European patent pending for its barium titanate nano-capacitor battery.
"EEStor should now be nearing the point were it can release its ... data and unveil its battery to the public," Wolff wrote in a research note.
Toronto-based Zenn has paid EEStor $1.3 million of a $2.5 million investment commitment, pending milestones, and has a 3.8 percent equity stake in the Texas company.
Zenn currently sells a low-speed electric vehicle with a top speed of 40 kilometres per hour (25 mph) but has promised to launch a highway-capable car by the end of 2009.
Powered by EEStor's energy storage system, the new car is expected to have a top speed of 125 km/h (78 mph) and travel 400 km (250 miles) on one charge.
Shares in Zenn gained 4 percent, or
I'm a new shareholder-invested because I believe alternative energy sources will be the future. Having a geo-thermal system installed right now so I don't have to depend on fuel oil this winter.
There you didn't have to wait for next year!
your quote: I tend to think Finavera at 17 cents is risky, yet the downside is very low,
Well, as in any stock, the downside is always 0. which equates to 100% loss.
a much smarter play would be to sink a small investment into Zenn motor cars out of Canada as a play on EESTOR. EESTOR, if you know of the company, could spell the end of petrol. EESTOR has the backing of the world's largest VC firm, Kleiner Perkins....and they know what they are doing.
Wouldn't it be quite ironic if the birth of oil rose and fell out of Texas....well, it was first struck in Pennsylvania, but grew up in Texas.
I have been interested in this company ever since I saw it in the "Green" issue of time. There seems to quite an opportunity in harnessing the power of the ocean, I am sure the companies who do it right will become very profitable. I tend to think Finavera at 17 cents is risky, yet the downside is very low, and if they start producing successful projects, I think their funding will increase substantially. Another interesting ocean power company is AWS Ocean Energy Ltd.
Why we do not buy FINAVERA? It is because the shares on June 07 were .40 cents.
Now the share is .17 cents.
There are few ocean energy companies that are publicly traded. Nalfx has two small investments.
We know no ocean energy company is or has made a profit..
Why hasn't NALFX invested more into Wave Energy? I know they hold a very minimal amount of Ocean Power Technologies but what about some other opportunities. The one that comes to my mind is Finavera (TSX-V: FVR)?
I was curious and looked up PBW. They seem to be dealing in nuclear energy. Until a real tested safe method for the disposal of nuclear waste is found, nuclear energy is, to my mind, a bad idea.
majority of holdings are small companies, when the bears and recession looms they have a tendency to not perform well as a whole... majority of spending goes to large cap growth companies.. you feel it especially in a nich fund like NALFX, im confident it will be a good long term fund.. i own personally.
4.75 or a 12b 1 can be easily justified if your managers are performing well. How is your year to date performance? is 4.75% justifiable? should the managers 12b-1 be reduced?
Do to all the events that have happened since this administration took office and since Cheney's secret behind closed doors meeting about energy and the US energy policy, at the beginning of this administration I would like to see everyone write their congressmen and senators to have an investigation about this meeting to see if their was possibly anything that may have been treasonist in it.
The cost of many mutual funds have charges of 12b1 which you may not know.
In many cases the 12b1 a shareholder is more costly than of the Whole Fund 4.75%
Learn something about12b1.
If there is a short time of the shareholder the 12b1 is better.
If the shareholders are going to be held long then the $4,75% is probably much better.
I am an officer of New Alternatives Fund