Ann: Quarterly Activities Report , page-6

Hi wotcopper

I humbly acknowlege your point that EDE arre targeting Hythane not 'pure' hydrogen in Indian plans. A stupid mistake on my part whilst single mindedly pursuing a line of thought...

Having said that Hythane is 20% by volume Hydrogen (which is 5-7 percent BY ENERGY as you say) so my analysis still has some perspective albeit divided by 5. I can say now- that EDE's current Hydrogen production is about enough to power just 4 buses. It still remains to be seen if they can successfully scale up the process to satisfy multi-thousand bus contracts- and how that will be funded. It still remains the case that unless a market for naonotubes / nanocarbon is found it is all academic anyway because without that market bottled hydrogen will be cheaper.

BUT there is no evident enthusiasam for a Hythane bus contract anyway in India despite years of trying. Meanwhile there is only a million bucks left- even for EDE to ramp up production of Optiblend kits to support profitable production this will suck up lots of working capital on its own. Perhaps the UK gas assets are the solution......

Time will tell. I sincerely wish holders well- and hope the current EDE run is the harbinger of things to come. I only get drawn into posting on stocks like EDE because of my past history of failures with previous stocks where I got sucked into believing grossly over-optimistic exaggerated announcements about technology breakthroughs- see PPY, see CAQ, see GDY currently- see Airboss (punctureproof tyres), and two thirds of the second board from the 70s in the past.