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Maybe you should re-read my message. I clearly noted the conversion that is happening. A note holder had 15 million shares to convert, which we believe started about a month ago. Those shares should be totally gone, if not already then very, very soon. Once that note holder is gone, i believe we will start our climb back up. All other notes the company has noted will be paid off prior to converting.
Or the the price is down do to continued
Dilution
CLNV SECURITY DETAILS
Share Structure
Market Cap Market Cap
15,270,639
04/22/2024
Authorized Shares
2,000,000,000
04/12/2024
Outstanding Shares
695,701,083
04/15/2024
Restricted
182,642,929
04/12/2024
Unrestricted
511,058,154
04/12/2024
Held at DTC
497,144,310
04/12/2024
Float
331,150,680
03/31/2023
Par Val
The stock price is down due to the conversion, with the delayed news cycle with the two pending large items (WV and Green Bond) we all see the frustrations. But soon we all will be singing happy songs. Hang in there, I believe we are close. I am not saying those items will be resolved tomorrow or even this week, but I believe those items will 100% happen soon!!
Been disappointed...I'm done being negative. GO TEAM GO
GTSM has the order at .022...they have a higher order at 025 which they must represent. If 025 gets filled the 022 3m will show.
It was there for a while and is gone now (at least to the naked eye).
They must be hiding that bid, I don't see it
Wowziers.. that is a big bid. If OTCN sells into it, could finish up any shares they have left with the note conversion
Someone wants in: GTSM 0.022 3,506,000
The Problem of Waste Plastic and Why Pyrolysis Oil Might Just Contain the Answer
For Earth Day, Aniqah Majid speaks to chemical engineer George Huber who is looking to simplify the process of integrating pyrolysis oil back into the plastics production chain
ONE OF the few technologies that can break down unrecyclable post-consumer waste plastic, pyrolysis is fast becoming a potential recycling route for companies trying to reduce their waste output.
The world produces around 450m t/y of plastic, but only 9% is recycled, with most waste ending up in landfill. Pyrolysis, which involves heating the plastic at extremely high temperatures in the absence of oxygen, breaks down the molecules to produce pyrolysis oil or gas. The oil can then be used to develop new products.
George Huber, a professor of chemical engineering at the University of Wisconsin-Madison, is leading a research team that is investigating the chemistry of pyrolysis oil and its use in polyolefin recycling.
Huber said: “Waste plastic should be viewed as a resource we can use to make plastics and other chemicals. We should not be landfilling or burning it, we should be reusing the carbon in waste plastics.”
In the last few years, Dow, BASF, and Shell have launched initiatives that involve processing between 20,000 and 100,000 t of waste plastic to make pyrolysis oil. The aim is to integrate the oil into their existing chemical production processes, replacing the crude oil-derived naphtha used to produce olefins like ethylene and propylene, essential building blocks needed to make food packaging, tyres, and batteries.
However, the use of pyrolysis oil to make new plastics is currently difficult due to quality requirements. As plastic waste, particularly plastic packaging can be mixed in with other residual waste and contaminants, the pyrolysis oil cannot be used on its own as feedstock to develop the same results as naphtha without it being upgraded.
Upgrading removes impurities like
oxygen, nitrogen, and sulfur. However, to help it reach the quality necessary for use as a feedstock, the complicated process involves separating the high-quality waste, pyrolysing it, upgrading it, and then blending it with naphtha.
Huber is taking a different approach, circumventing the upgrading and steam cracking process to produce olefins, and instead separating the olefins already present in pyrolysis oil.
He said: “What we noticed is that in the pyrolysis oils there are large amounts of olefins, anywhere between 50 to 60%.”
The Huber Research Group is currently testing the use of pyrolysis oil in the production of aldehydes through hydroformylation.
This process involves adding CO and H2 to olefins to create aldehydes, which can then be reduced through homogenous and heterogenous catalysis to make alcohols, carboxylic acids, and amines. The research team is testing this process to make surfactants, polymers, and other new materials.
Huber estimates that the use of hydroformylation to create new plastics instead of using steam cracking could reduce CO2 emissions from the conventional production of industrial chemicals by roughly 60%.
On why industry has not taken advantage of the olefin content of pyrolysis oil yet, Huber said: “The production of pyrolysis oil is rather new. So, a lot of people asked the question of how they can use their existing assets to do something with that oil.”
Similar quality issues
After difficulty perfecting the pyrolysis and hydroformylation processes on a lab-scale, the last year has seen them successfully develop alcohols and amines through the technologies.
Now, the challenge is chemical separation, and finding which cuts of pyrolysis oil can produce different products like pepfactants and polymers.
Huber is currently working with several companies in industry and scaling up the hydroformylation process to develop samples of different cuts that can be used in plastic production.
He acknowledges that sourcing high-quality plastics to make products will be an issue, as well as transporting materials to a localised facility to support the process. But, due to the high olefin content of the pyrolysis oil, Huber stresses that the process could cut plastic production costs by 50%.
He added: “In this project we have tried to make higher value chemicals that are difficult to make from oil. The whole chemical industry is around taking a molecule with low functionality and functionalising it into an olefin. With pyrolysis, you already have olefins, so let us take advantage of that.”
https://www.thechemicalengineer.com/features/the-problem-of-waste-plastic-and-why-pyrolysis-oil-might-just-contain-the-answer/
That's not nice, she is a large shareholder like many of us and is one of the most supportive investors you can imagine. Talking about strong fellow investors like this is not appropriate
Cindy is kinda annoying. How 'bout some variety or info
She definitely is not a bot.. Most of us know her in real life. She is a long-time investor here, over 3 years.
Sure thing doc
Thanks for the update!
You now know exactly what's going on here. Adjust your rhetoric.
No. EDC is still negotiating with them. Not our fight but in the interim Dan has prepared alternatives should this be one an impasse. We are not reliant on ANY single entity for the success of the project.
Dan has waited 6 weeks to replace them? Why? If others are standing in line then what's the hold up? There is a lot more going on here that we aren't being told, obviously.
You need to stop putting out false claims. There are multiple players interested in funding and it WILL fund. Our original bank wants a hard date on EDC guarantee of repayment and that was never in the original and agreed to document. Either Huntington conforms to the original agreement or Dan replaces them with 1 of 2 options he is already down the road with. There is no scenario where W.V doesn't happen.
6 weeks since WV funding derailed. Face it. It's not happening. Does it really take 6 weeks to change the wording on a guaranteed loan document? LOL!!
I hope so. Thanks.
This is one of the small ones. We want to extinguish the rest prior to
The big question will be if funds come in time to prevent the next convertibles in May?...
Is this conversion part of the loan convertibles that CLNV was hoping to pay with bond funds before they were able to convert? Or was this expected and inevitable?
that could put stock in double digits
Working on it boss.
one more 10th of a penny break even point...lets go...
Thank you Frank. Appreciate your insights and candor as always.
You too and thanks for everything.
Have a good weekend all.
Appreciate it as always, Frank.
You are one of our largest, longest loyal shareholders pal. We appreciate you..
Smooth😂😂😂no that definitely does not describe this journey. Things that hit us would have killed many companies. The recent litigation win VS Tucker was absolutely huge. 120m shares that will no longer be in play. Dan was supposed to be in Dubai, Saudi etc this week...and they get a flood😵💫 in the DESERT WTF. But we keep going and pushing because it's important. And....we owe you guys. This is deeply personal.
Converts will be paid off with Bond and WV funds. The goal is to have them all extinguished in the coming months.
You bet, Frank. Hasn’t always been smooth but I believe in the mission. Thanks for all you do.
Frank, been able to do some DD on the company. Interesting tech that has real growth possibilities. But if I read correctly, they have another $1.7MM covert maturing in May. Any thoughts on that?
Thanks Frank for all you and Dan do
I wanted to take a moment and say thank you to all the folks that support the company. I know there are times when targets are missed, events postponed etc but I promise you we will get there. Fundings, State govt, foreign funds etc are moving targets and unpredictable at times but rest assured West Virginia will be funded sooner than later, Dan will get the funds for the current bond and others are in progress with different triggers and sponsors(TBA in the coming weeks). This is a worthwhile undertaking we are on and we will see it through. Generations to come will benefit from what we are doing here today. As always you can reach me anytime my cell# is on every press release and I take or return every call. Thanks for hanging in there with us even when it's tough. I appreciate and respect you all.
.03s? LOL! .01s is more likely.
Time to start stair stepping. .03s next week.
No doubt this price sucks @ss but once the conversion is behind us, hopefully, it is green sky's.
Those buying at these levels IMHO will be just fine in the long run.
No room to gloat. We have a ways to go. This price sucks.
Looks like you had great timing
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