Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
its dead in the water -the last I heard they could not secure financing for their business plan and dilution was not a viable option -they ran the price up so some warrants could convert then it fell to the ditch -
Hi
has anyone heard anything from this company over the last 6-8 months? i can't find any filing, annual reports etc...
thanks
HGCO .0071/.009 227kvs10k_vol10dayavg http://investorshub.advfn.com/boards/msgsearch.aspx?searchstr=hgco
Did anyone hear anything about this company lately?
Concerned1, if you go to Hunt Global Resources website you will see that the company plans to sell the carbon green technology because they have changed their business plans and need the money.
I would hold off for now the plans have changed several times something is holding them up
Looks like no one knows what's going on. It has fallen off a cliff from where it once was in the $2-3 range. No buying confidence, just dust settling for now. Will keep an eye for any signs of life though.
Hello all. Trying to dd this co. I am really confused. I have a "chicken and the egg" question here. Did the insiders bail out of a sinking ship, or did the ship sink because the insiders moved on? A complete board change twice in 4 months? No huge dillution, but they aren't answering the phone? What happened here? Any ideas? The float looks attractive, and some potential is here.
I am considering opening a large position here IF anyone has spoken to these people.
"Is there anybody out there?"
tick tock... and here i thought we'd have us a double digit dollar stock by now.. hmmmm
Well i was introduced to John Novak (CEO of Carbon Green Inc) by a friend. He convinced her that if she invested in Carbon Green she would multiply her investment by 8 soon after.
.
She then convinced me to invest in this "fabulous" deal. I had no reason not to believe her as we invested jointly in other ventures in the past and have always made a profit.
.
I agreed to invest in Carbon Green provided that she went out to the factory in Cyprus to see if the factory plant is running. She did fly out there and was satisfied what she saw.
It seemed like a great pre IPO investment and having Mr Novak fuelling us with all this hype that it will go through the roof we decided to take a chance.
Looking back it didn't seem to be a bad gamble. Carbon Green with its unique patent recycling 100% of used tyres seemed like a no brainer.
The company forecasted that it would open up factories in North America and that they had a couple of potential buyers, one of which was Hunt Global Resources.
This just made us even more eager to get on board.
Mr Novak ended up selling the company to Hunt Global claiming only to have taken shares of Hunt Global...No cash.
He has been constantly feeding us with info that the company will be making a killing....None of this is happening and i do not see him caring at all or taking any action to make things better.
I personally think this is a scam and that the monies invested is gone forever.
My question is:
Why would Mr John Novak go into a joint deal, and believe me he is no fool, exposing himself and his shareholders to losing their invested monies?? He is not the type of guy that would spend millions of pounds on building a recycling factory to sell it off for only a share in the company.
is there any way we can check this??
I suppose when there are people (fools) like us believing or wanting to believe scam artists, i.e Hunt Global resources and carbon Green Inc, there will always be someone that will pocket and others pick pocketed from these deals. Unfortunately we fall in the latter category.
:(
they do not appear to being following through on anything -first there was a quarry in the woodlands(Houston ) -what happened to it ? nothing now one way up state -why the biofuel(Pasadena) plant is sitting idle why ? how did they drag down carbon greens value ? IR won't respond not a good sign and no news of any value since the carbon green merger - whats good for carbon green in this deal ? so far everyone is losing - no too happy myself
MMBF http://investorshub.advfn.com/boards/board.aspx?board_id=5922
Hunt Global acquired Carbon green inc 9th Feb 2011... As a shareholder of Carbon Green Inc (purchased $1.50 per unit) i was anticipating that the shares would go up once the acquisition was made.
Being re-assured by a member from the Carbon Green i was convinced that it was a matter of time before the shares would increase in value.
How wrong was i to believe this hype !!
The shares dropped over 80% in value...All the promises that the company were making seem to be only talk.
What is Hunt Global up to??????
Why isn't Carbon green more active and more responsible to their share holders???
I feel conned and def do not have any faith in this set up.
Can anybody share any insight?
is anybody else in the same situation as i am??
regards
Concerned1
I have been e-mailing IR but not one response -
production in summer of 2013 geeze what about the woodlands quarry ? did it just disappear ?
Maybe the news today is the start of something that will do good here and trickle down.
don't see these converting anytime soon -geeze 31mm shares
) 125,000 Class B Convertible Preferred Shares (having a conversion ratio of one preferred for 248 common shares of the Company and subject to the common stock of the Company having traded at an average bid price of $7.00 for ten consecutive trading days).
waiting been too quite around here -what up?
its their Quarry -maybe they are just going to let someone with experience run the operations -- must be close to revenues -imo but they have some serious debt to pay back for the last 2 yrs of set up
Wonder if either Hunt will have any active role anymore???
Will this help Momentum any? There is mention of the natural resources. Got my fingers crossed.
Compofelice as President & Closin...
PrintAlert
Hunt Global Res (OTCBB:HGCO)
Intraday Stock Chart
Today : Wednesday 8 February 2012
Hunt Global Resources, Inc. (OTCBB:HGCO) today announced the following changes to its Board of Directors and appointment of Joseph S. Compofelice, as the President and a Director of the Company:
•Lisa A. Hunt, Jewel S. Hunt V and Michael P. Horne have resigned from the Board of Directors, effective immediately.
•George T Sharp, CEO of Hunt has been appointed to the additional role of Chairman of the Board.
•Manfred Sternberg has been appointed to the Board of Directors, effective immediately.
Commenting on the changes, Mr. George Sharp, Chairman and CEO, said, “We greatly appreciate the role of Jewel and Lisa Hunt, as the founders of the Company and for their service to the Company for the last four years. We have an outstanding platform of frac assets and we plan to move forward to develop Hunt into one of the premier suppliers of frac sand to the oil and gas business. Michael Horne continues in his capacity as the Chief Financial Officer of the Company. Mr. Sternberg has provided legal service to the Company for several years and is intimately familiar with the Company. In 2012, the Company plans to implement further improvements toward 'best practices' in its Corporate Governance policies and procedures.”
Mr. Sharp continued, “We are especially fortunate to attract Joe Compofelice to the Company. Mr. Compofelice comes to us with over 35 years of operating, financial and general management experience in the oilfield services industry. Mr. Compofelice has served in executive positions in numerous companies including Trico Marine Service, NL Industries, CompX International, Smith International and has served on the Board of Directors of seven public companies over the last twenty years. Mr. Compofelice has extensive investment banking experience in IPOs, secondary equity offerings, debt offerings and private placements.” Mr. Compofelice’s appointment as President is effective immediately and he will join the Board of Directors of the Company prior to March 30, 2012.
The Company also reported that it has completed a private placement of $3.0 million of Secured Short Term Notes with a group of investors. The Notes have a term of six months, bear interest at a rate of 10% per annum with a premium payment of between 5% of the face amount and 10% of the face amount if paid off early. The Company has currently drawn down $2.6 million of the $3.0 million.
ABOUT HUNT GLOBAL RESOURCES, INC:
Hunt Global Resources, Inc. (OTCBB:HGCO) is a natural resource company focusing on the development of “frac” sands, which is an essential component of the production of oil and gas, especially the production of oil and gas from “unconventional” gas shales. The primary assets of the Company include the exclusive right to acquire the mining rights to over 900 acres of land containing an estimated 100 million ton reserve of Northern Jordan White sand, which is considered the premier raw sand in the “fracking” industry. Additionally, the Company’s current holding includes the mining rights to 350 acres in Conroe, Texas, containing frac sand deposits of approximately 21 million tons and an additional 20 million tons of sand for other industrial uses. For more information visit www.huntglobalresources.com.
NOTICE REGARDING FORWARD-LOOKING STATEMENTS
its coming lol been a long ride -
after doing some DD looks like profit is coming, just playing the waiting game. Go HGCO!
and they are real longs -lol it should not take that long to set up the quarry for the frac sand - imo they are very close - and ther are sill those shares that need to see 7.00 for awhile to be sold - there were some for 3.00 and they sold them -imo
Merry Christmas folks! This and MMBF are my Favorite long termers!
sounds like soon up north
yep -these dips are the place to buy - I think this will move fast once they get revenues going been a waiter though
So.. maybe a bit longer til we see pay dirt. I want it now, but I'm strangely content to wait this one out too!
http://huntglobalresources.com/news.html#news120611
Hunt Global Resources Plans 2012 construction of frac-sand processing plant in Conroe, Texas
Press Release Source: Hunt Global Resources Inc. On December 06, 2011 9:49 AM Eastern Time
HOUSTON—(BUSINESS WIRE)— Hunt Global Resources Inc. (OTCBB:HGCO) today announced it plans to build a 1-Million ton per year frac-sand mining and processing facility on its 350 acre site, located in Conroe Texas. The property contains approximately 21 million tons of marketable frac-sand.
“The current boom in oil shale drilling here in the South West, has created a resurging demand for local frac-sand” said George T. Sharp, CEO of Hunt Global Resources Inc. “We are currently in discussions with several large oil and gas service companies’, desiring to purchase frac-sand from the mine, once it’s in production”, Mr. Sharp continued.
“Texas frac sand, often referred to as “Brady” sand, has historically been undervalued by oil and gas drillers who used the more expensive Northern sands that can withstand the high pressures encountered while drilling thousands of feet below the surface.
However, Hydraulic fracturing in shallower depths, has made it possible for production companies to achieve greater efficiencies by using Brady sand that has a lower crush resistance, and is much less expensive, costing an average of $40 to $60 per ton compared to Northern White sand costing $80 to $150 per ton.
Hunt Global is well positioned to capitalize on providing both types of sands, as we are in the process of completing the necessary engineering and environmental studies required for permits that will allow mining on a 900 acre site located in Minnesota.
Hunt plans to begin mining that location, which contains approximately 100 million tons of marketable Northern White frac sand, once permits are issued,” concluded Mr. Sharp.
About Hunt Global Resources, Inc.:
Hunt Global Resources, Inc. (OTCBB: HGCO) is a natural resource & recycling company, focusing on specialty sands called “frac” sand, which is an essential component in the production of oil and gas. The Company’s current holdings include the mining rights to 350-acres in Conroe Texas, containing high-grade sand deposits and approximately 21-million tons, of high value frac-sand. Hunt also entered into an agreement that will allow the Company to acquire the mining rights to additional 900-acres of land containing an estimated 100-million tons of Northern White frac-sand, which is considered the premier sand in the industry. The Company’s holdings include a state-of-the-art 40-million gallon industrial biofuels manufacturing plant located near the Houston ship channel. Hunt intends to utilize the plant’s excess resources and capacity to support a frac-sand resin coating operation to further increase the value of its frac-sand holdings. Hunt also acquired Carbon Green NA, which is the only patented tire recycling process that recycles 100% of the components of scrap tires with a zero carbon footprint. Hunt has license agreements to distribute the technology in Europe, China and South America. Hunt plans to build up to 10-plants in North America. For more information please visit: www.huntglobalresources.com
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Contact:
PR Financial Marketing, LLC.
Jim Blackman, 713-256-0369
Jim@prfmonline.comHunt Global Resources Signs Five Year Contract with S.R.I Impex Pvt. LTD of Mumbai, India
they were supposed to start having revenue in the 4th qtr but it has been quite -I am trying to call as we speak -will update anything I get
now is the time to buy or add -imo
Looks like 8 million or so shares added to the OS since last 10Q... Gotta get their feet on solid ground, but I still maintain this is a solid investment for the long haul!
IMO
g'luck
&
Happy Thanksgiving to you and yours!
Vance
some buying interest the last 2 weeks - were is the PR????????
you go- nothing wrong with making money -should be some news coming here soon -
well we know the 3.00 happend and I assume those shares were converted and sold 23mm
so next we need to see the 7.00 for ten days -let that be a clue to get out and back in after the 23mm hit the market
B) 125,000 Class A Preferred Convertible Shares (having a conversion ratio of one preferred to 208 common shares of the Company and subject to the common stock of the Company having traded at an average bid price of $3.00 for ten consecutive trading days); and
C) 125,000 Class B Convertible Preferred Shares (having a conversion ratio of one preferred for 248 common shares of the Company and subject to the common stock of the Company having traded at an average bid price of $7.00 for ten consecutive trading days).
wow full circle back to the .60s need to get me some of these-
what I hear is that everything is on track as planned and the quieter it is the more so - we have acquired some debt from setting up operations the last 18 months but it should be taken care of fairly fast once we get money coming in -
I remember when it was .60 -a great buy here today -imo
I have to come clean... I took some profits at 3.05 due to necessity... and now I have to say I'm really pleased the price came down! This is still a Great long term play IMO
Statement of Change Changing the Principal Office Address
http://www.sos.state.co.us/biz/ViewImage.do?fileId=20111484003&masterFileId=20051174353
Hunt is still on track to begin having revenues in the 4th QTR
my call was very short as I interupted a meeting -will get more info next week -been very busy at work -drilling and frac sand $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Followers
|
8
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
315
|
Created
|
06/10/10
|
Type
|
Free
|
Moderators |
Following several months of study, evaluation of the capital and resources necessary for each of the three areas of past investment and the opportunities to use each of the assets to provide meaningful initial capital to pursue the others, the Company decided to focus solely on the development of a frac sand operating company. As a result of this important decision, the Company has:
Simply stated we believe we have one of the most important Northern White Sand deposits in the industry. It is very large…..it is in one location…. it also has an exception concentration of what is classified as "coarse" material. All white sand is not created equal.
The vast majority of premium 'white frac sand' is produced in Northern Illinois, Minnesota and Wisconsin. White sands produced today are from the Ordovician and Cambrian periods. The St. Peter formation - sands from Ottawa and all of Illinois as well as parts of Wisconsin and all of OK, AR, MO - is Ordovician. Most Minnesota sand and sand from parts of Wisconsin are Cambrian, which is the older period, and consequently preferable. These Cambrian sands are called Jordan Sands. Older, better, higher priced, more valuable technical properties.
One of the inherent weaknesses of the northern deposits is the tendency for many of the materials to have a diminishing percentage of coarse-grained material. Some deposits, for example, contain none to perhaps only 20 percent of less of recoverable plus 40 mesh. As a result, high-cut 20/40 products with 60+ % of the material retained between the 20 and 30 mesh sieves command a premium price. The Minnesota deposit has a much higher than average percentage of "plus 40" mesh.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |