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thanks pnnymn. sounds similar to cad venture.
i mention ccpt to an oil industry person yesterday and he was generally sceptical about whether it was potential disruptive technology but he is not on the exploration side.
he said that in order for ccpt to have sound footing in the industry it would have to be mentioned in one of the oil and gas journals. maybe too late to get some share price expotential growth.
i have given ccpt details to three cad mineral exploration companies, one of which is or was going to undertake a VTEM survey - i will know soon if they like what they see.
i also have a corporate PPT (sales) - email me if you want me to send a copy.
Posted by: Stock Lobster
In reply to: None Date:10/22/2006 11:51:56 PM
Post #of 6713
fyi: CPPT New IR contact:
Dan Brecher
Phone: 212-286-9197
Email: info@terrainsight.com
Posted by: Stock Lobster
In reply to: pnnymn who wrote msg# 6699 Date:10/22/2006 10:07:15 PM
Post #of 6713
No, the AS is 100MM, but they have only issued 53MM.
In the August 10q, it was 43MM, but after the conversion of the debentures into common shares, the 9.9MM was added to the OS, for a total of 53MM shares.
I will be speaking with a company representative tomorrow, and will confirm yet again, but that is the answer I received last week.
From the August 21, 2006 10Q
SHARES AUTHORIZED: 100,000,000
SHARES ISSUED AND OUTSTANDING: 43,008,338
PREFERRED STOCK; $.0001 PAR VALUE, 1,000,000 SHARES
Source: http://terrainsight.secfilings.com/FilingViewer.aspx?fid=12583303&id=http%3a%2f%2fwww.sec.gov%2f....
Anybody, including NYSE stocks can lie like dogs. Of course they will be B-slapped by the SEC. There ae no guarantees including CCPT. You could lose your shirt. At the same time you could buy a tux. The risk/gain is yours to take. FWIW in answer to several others questions I have sen on the board...A)The Company anticipates that its costs of revenue will ordinarily be approximately 60% of such revenue B)PRODUCT RESEARCH AND DEVELOPMENT
Under our past business model, we do not anticipate incurring significant research and development expenditures during the next twelve months. We are changing our business model to focus on utilizing our licensed technology in connection with the acquisition of royalties, ownership rights or land rights for purposes of oil or mineral exploration, and such exploration may involve significant development expenditures....C)Other deals...Exploration Agreement with Calik
On April 11, 2006, we entered into an Exploration Agreement with Calik Enerji Sanayi ve Ticaret A.S. (“Calik”), a corporation formed under the laws of Turkey, to jointly explore eight onshore blocks in the Erzurum area of eastern Turkey, comprising approximately 961,875 acres. Pursuant to the agreement, the Company will provide certain services to assist Calik in identifying hydrocarbon exploration targets. The Company will receive a 20% working interest in the project.
Licenses
Our Namibia subsidiary, Namterra Mineral Resources (Pty) Ltd., has been awarded by the Republic of Namibia five exclusive licenses for the prospecting of precious stones. The licenses expire in May 2009 and cover approximately 1,000 square kilometers of off-shore territory.
Participation Agreement with Whitmar
TexTerra Exploration Partners, LP entered into a Participation Agreement, dated as of June 20, 2006, with Whitmar Exploration Company. Pursuant to the Participation Agreement, TexTerra purchased a 2.5% working interest in a well project in Deweyville, Texas. TexTerra purchased this interest with the expectation of learning about the local geological conditions. TexTerra has been working with a landman to purchase leaseholds adjacent to the property. .......D)They need to take in some major cash to finance all the deals they have in place. It will be expensive. The real money will be for the long term holders and not the now until the end of 2006 holder IMHO.......Establishing ownership or other interests in natural resource exploration projects will likely require significant additional capital in addition to our available cash. We estimate that to fund three contemplated exploration projects just in the states of Nevada, Texas and Montana this year and next year, we will need a total of approximately $13 million of capital or other participation during the next twelve to twenty four months E) It is my understanding that they have 100 milion shares , but with still only about 6 million tradeable.If the deals are slower coming in than expected they could float some more shares but with the way things are going recently it is starting to look remote.....F) I hope this helps. Dont go in for a swim unless you have both your eyes open and after doing your DD you still feel like you can sleep at night holding it. Im hanging onto my shares. I think this is a ground floor opportunity here to get in on something that could end up being huge.
question for the board. i normally invest in the canadian markets (venture market mostly). where is some legally binding process regarding corporate press releases.
how much legal binding is there for .pk and otc stocks? if someone can point me to a web page where this is laid out i would most grateful.
cheers.
50 cents a share!!!!...September 22, 2006, we issued to Global Scan Technologies, LLC, in consideration for at-cost pricing for satellite data acquisition, processing and geophysical interpretation services, 250,000 shares of common stock and warrants exercisable into 250,000 shares of common stock for a period of one year at $0.50 per share.
I am in!~
how's the Level II, the chart?
Keith
If people only realized what a bullish indicator that is!
I guess they will, after CPPT is over $1.00...
Dang!!!
any preffered shares?
Even the insiders are getting in early with stock waarants ........On September 25, 2006, the Company granted stock warrants to purchase 250,000 shares of the Company’s common stock, exercisable for a period of up to five years from the date of grant at $0.21 per share, to each of the following employees and consultant:
Ivan Railyan, Chairman of the Board
Roman Rozenberg, Chief Executive Officer
Dan Brecher, Managing Director
Dmitry Vilbaum, Chief Operating Officer
Alexander Fediaev, Consultant
No debentures, which to my pinkie pov is huge. Any debt they have is of the garden variety... like short term loans for operating expenses...
The company apparently convinced the investors who held the debentures, and now own common shares, to NOT sell at .50, but rather to hold tight for bigger numbers.
So, from my POV, looks like all systems go for CPPT takeoff soon
hi SL, looks like a winner with very little debt.
True, but I happen to think that CPPT has an ally in the Putin regime, not an adversary. Putin has already declared that natural resources like diamonds are of "strategic importance" to the country.
It is very telling for veteran Kremlin watchers to note that the Congo deal just PRed was no doubt with a certain well known Russian diamond monopoly. GBDX watchers will be familiar with the name.
None of this could happen if BOTH did not have the approval and blessing of the Russian government to the very highest levels.
Unfortunatley, Russia under Putin is not really much different than the Soviet Union was and has already demonstrated its willingness to commandeer industries and jail business owners. Not saying it would happen with CPPT but it's not out of the realm of possibilities. Best thing that could happen is for them to relocate to the good old USA ASAP.EOM.
EDIT....Just saw they have a NY office so I guess they're okay.
Statements like that make me conclude that many contracts are in the works, and they see a significant growth in business coming their way.
Yee-hah!!!!!!
The management is All-Star, and Ivan Railyan was with the Joint Chiefs of Staff. No doubt they still have excellent connections with the Kremlin.
In Putin's Russia, very little business gets done unless you have the blessing of the Kremlin. The oil/mining/resource industry in Russia is a huge and growing business, but only if you have the right contacts.
Seems like CPPT has all the necessary qualifications for succes, imho.
You can imagine why CPPT technology was developed...
hmmm, let's see, able to locate "resources" under the ground with deadly accuracy.
Let's just say, I imagine Terra Images (CPPT) can locate Uranium like a champ.... Can anyone say underground missiles and bases?
This is something the Soviet government would have thrown millions, perhaps billions of dollars of research into during the height of the cold war, taking advantage of their access to the country's best physicists and scientists.
The only reason CPPT's technology isn't under lock and key is the downfall of the old Soviet Union, and the fact that many of these scientists had the right (and the financial NEED) to peddle their discoveries on the open market.
This strategic level of software and technology is difficult for any small private company to duplicate, leaving CPPT pretty much unrivalled in their field. Unless of course a rogue scientist from Nasa, or the Los Alamos National Laboratories wants to go off and start their own company...which I can't see happening anytime soon.
Company Management
Ivan Railyan President and Chairman of the Board
Ivan Railyan became our President and Chairman of the Board on May 19, 2005. Mr. Railyan works on a part-time basis. From January 7, 2005 to the present, Mr. Railyan has been President and Chairman of the Board of Terra Insight Corporation. In 1997, Mr. Railyan joined the Institute of Geoinformational Analysis of the Earth Establishment, a Liechtenstein company as the Head of the Representative office in the Commonwealth of Independent States. From 2003 to the present, Mr. Railyan has served as Chairman of the Board of the Institute. From 1993 to 1997, Mr. Railyan served as the Head of Research and Development team of the Russian Defense Ministry, Joint Chiefs of Staff. Mr. Railyan received a Master of Science degree from the University of Patrisa Lumumby, Moscow in 1991, and an honorary Ph.D. from the Academy of Science, Arts of the CIS Countries, which he received in 2003. Since 2003 to the present, Mr. Railyan has served as the Vice President of the Academy of Arts and Science of the Commonwealth of Independent States. In September 2005, Mr. Railyan was elected as a member of the Russian Academy of Natural Sciences.
Roman Rozenberg - Chief Executive Officer and Director
Roman Rozenberg became our Chief Executive Officer and a director on May 19, 2005. Mr. Rozenberg works on a full-time basis. From January 7, 2005 to the present, Mr. Rozenberg has been Chief Executive Officer and a director of Terra Insight Corporation. From March 2004 through January 2005, Mr. Rozenberg served as Vice President of TelcoEnergy, Inc. From February 2002 through March 2004, Mr. Rozenberg served as Chief Executive Officer of Syntaz, Inc. From September 1999 through February 2002, Mr. Rozenberg served as President and Chief Technology Officer of Biolink Technologies International, Inc. Mr. Rozenberg received a Bachelor of Science degree in electrical engineering in 1986 and a Masters of Sciences degree in Information Systems Engineering in 1989 from Polytechnic University (formerly known as Polytechnic Institute of New York.
Dan Brecher Managing Director, Treasurer and Director
Dan Brecher became our Secretary and a director on May 19, 2005. On June 1, 2005, Mr. Brechers duties were changed from Secretary to Managing Director. Mr. Brecher works on a part-time basis. From January 7, 2005 to June 1, 2005, Mr. Brecher served as Secretary of Terra Insight Corporation, and as a director from January 7, 2005 to the present. Mr. Brecher is a practicing attorney. From 1998 through the present, Mr. Brecher has been the principal of Law Offices of Dan Brecher. Mr. Brecher received a Bachelor of Arts degree in economics from City College of New York in 1964, and a Doctor of Jurisprudence from Fordham University in 1969. Law Offices of Dan Brecher serves as our legal counsel.
Dmitry Vilbaum, Chief Operating Officer
On June 13, 2005, Dmitry Vilbaum was appointed the Companys Chief Operating Officer. From March 2001 to June 2005, Mr. Vilbaum was employed by Deutsche Bank where he held various positions in the bank's information technology department. From January 1996 through March of 2001, Mr. Vilbaum served as the president of Anyent, Inc., a consulting company providing information technology services to major Wall Street corporations, such as Citibank, Deutsche Bank, Newbridge Securities, Deloitte & Touche LLP., as well as technology companies, such as Compaq and MatchBlade Technologies. Mr. Vilbaum received a Bachelor of Engineering degree in 1995 from the City University of New York.
Eric Weiss Chief Financial Officer
From January 2006, Eric was a consultant and then Senior Vice President of the Company. In July 2006, he became our Chief Financial Officer. From January 2005 to August 2006, he worked as a consultant and then Chief Financial Officer of Ashley Reed Trading. From March 2004 to December 2004 he was the President of Big Fat Worldwide. From March 2003 through February 2004, Mr. Weiss was a Managing Director of Baytree Capital Associates, and from October 2001 until March 2003 he was the principal of his own legal and consulting practice. Eric Weiss began his career at Coopers & Lybrand and practiced law as an associate at Davis Polk & Wardwell and Skadden, Arps, Slate, Meagher & Flom. Mr. Weiss received a BS from NYU, MBA from the University of Chicago and a JD from Duke Law School. He is a certified public accountant in New York State.
Kenneth Oh Secretary
On June 1, 2005, Kenneth Oh was appointed our Secretary. Mr. Oh serves works on a part-time basis. Mr. Oh is a practicing attorney. From 1998 through the present, Mr. Oh has been an attorney with Law Offices of Dan Brecher. Law Offices of Dan Brecher serves as our legal counsel. Mr. Oh graduated from Pomona College with a B.A. degree in 1993, and from Fordham University with a J.D. degree in 1997.
Ropert P. Jones - Senior Vice President of Exploration Operations
Robert has 37 years of oil and gas experience in drilling engineering and operations on land, inland waters, and offshore. Prior to joining the Company, Mr. Jones worked for Gryphon Exploration, Cheniere Energy, and Houston Drilling Management in various senior executive positions. Mr. Jones began his career with Phillips Petroleum Company in 1969 and remained with Phillips until 1998. Initially in engineering and field supervision, Mr. Jones has been in drilling and operations management since 1978. His experience includes drilling, completions, and workovers in Gulf of Mexico, Texas, Louisiana, Arkansas, Mississippi, Alabama, Alaska, Nevada, the North Sea (UK and Norway), offshore West Africa, and China. During his career, he has been involved with drilling, completing and working over hundreds of wildcat and development wells. While with Phillips, he supervised operations in water depths to 3,500' and supervised the first sub-sea dual frac-pack completion in the Gulf of Mexico
Michael A. Piotruszewicz - Senior Geologist
Mike has in excess of 25 years oil exploration and exploitation experience. Prior to Mike's employment with the Company, he worked for Whitmar Exploration, Bulldog Exploration and Petrogulf Corporation, where he served as the exploration manager. Mike started his fine career in 1979 with the Tenneco Oil Company. Mike's career continued in the 1980's with the Indexgeo & Associates, Inc. and Enron Oil & Gas Company. Mike's activities during the 1990's at the Torch companies resulted in recommendations and evaluation of more than 50
We anticipate the need to hire several management, technical, sales, and marketing employees in the next twelve months, depending on the rate of growth of our business. As of June 30, 2006, we had seventeen employees. We intend to hire additional management, technical, sales and marketing employees in the next twelve months, depending on the rate of growth of our business.
I have a few choice words for them also. LOL
CPPT L2: just soooo nice
This is a quality company, and a stock that has no business trading at these levels, imho.
Slow steady buying, bid strength keeps growing, and bid keeps getting raised. This is the slow boil phase, imho.
Yes, but completely restricted still at Ameritrade. Those SOBs
CPPT is now open for trading at Scottrade w/o having to call it in. Picked up another 9K+ shares this morning.
You got the skilzzz
Thanks. I do what I can.
From my post:
"One of the companies I’ve been hearing great things about on I-Hub is CompuPrint Inc. (“CPPT”) -- first brought to my attention by posts made by Stock Lobster and Wang."
And yes, much of that information was gleaned from Stock Lobster's posts as I clearly noted in a previous version of a similar post which I should have done here as well. My bad.
In any event, I'm here to spread word, not to take credit. I could care less about that stuff.
Exhibit 1 -- http://www.investorshub.com/boards/read_msg.asp?message_id=14086766&txt2find=classified+
Exhiibit 2 -- http://www.investorshub.com/boards/read_msg.asp?message_id=14133267&txt2find=props+
That's beautiful work DD! Concise, punchy - to the point!
You have a gift for analysis. You gather all the best points from all the PRs, and interpret them in one easy-to-read page.
<<<APPLAUSE>>>>>
that post should be mandatory reading for any CPPT shareholder!
Great summary again but be aware that all of that information was discovered and has been presented by Stock Lobster on Traders of the Caribbean. We've been in CPPT for about two weeks now. I'm glad that you agree that this is indeed an incredible find.
Hey there fellow I-Hubbers. Hope all have had a nice green week. So, given the way things having been working out well for me lately (after I finally decided to roll up the sleeves and thoroughly investigate some plays before getting involved), I’ve decided to get a little bit more serious about this diligence business. One of the companies I’ve been hearing great things about on I-Hub is CompuPrint Inc. (“CPPT”) -- first brought to my attention by posts made by Stock Lobster and Wang. So I decided to take a closer look to see what is what and have to say that I absolutely love what I have found. Rather than continuing with this editorial b.s. that I’m sure is of little interest to any of you, I’ll just go ahead and lay out a condensed version of my research, which I really believe (in my humble opinion) unequivocally demonstrates that CPPT is a grossly undervalued diamond in the rough, and a very solid mid-to-long term play. Hope this stuff is useful and good luck in all your trades.
Basics
Share Structure: 55MM OS, 61MM AS, 6.3MM Public Float
Zero Debt: A recent PR sets forth the particulars of a transaction whereby CPPT removed all debt…
http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20060925005....
One-of-a-Kind Amazing Product
CPPT is the exclusive licensee of formerly classified Russian military technology – SteP Technology -- which unearth's hidden mineral, energy and water resources with extreme accuracy.
Gold, Oil, Diamonds, Metals
CPPT’s STeP Technology is invaluable for company's involved in any of these commodities. While I’m not an expert on STeP, I understand this former classified Russian military technology has proven to save up to millions of dollars per exploration project.
Revenues
CPPT has already entered into contract receive millions in revenue in connection with multiple diamond mining, oil and gas drilling projects. These earnings will be in addition to the fees they receive for their services, which I understand average approximately $2.5MM per job. (An example of such an arrangement is discussed in the 10/18/06 press release referenced below.)
Major Short Squeeze Potential
http://www.investorshub.com/boards/read_msg.asp?message_id=14113621
On-line restrictions related to Squeeze
Apparently many brokers currently have on-line purchasing restrictions on CPPT, which is presumably to help shorty not get burned too badly. I understand that CPPT’s attorneys are looking into this, as well as potential immediate resolutions.
Recent News (Links to press releases available on I-Hub CPPT board)
10/18/06: CPPT receives payment from multi-billion dollar company to provide STeP Technology to assist in locating diamonds in the Republic of Congo. Service contract also calls for CPPT to receive 6% of revenues from diamond project.
10/13/06: CPPT receives first (of three) payments of $750,000 from a major oil and gas exploration and production company in connection with a $2.5 million service contract entered into in August 2006. Under the contact, the remaining two payments are to be paid over the next sixty days.
09/11/06: CPPT’s announces the award to one of its subsidiaries of its sixth exclusive license for the prospecting of precious stones in Nambia. The license is good for almost 3 years -- through July 2009 – and brings the total area to more than 1.2 million acres for all six licenses granted to CPPT’s Nambian subsidiary.
Hey Lobsterdude, can you please make sure that regarding CPPT that the name change will be effected through an amendment to the Company's Articles of Incorporation that will require a change in the trading CUSIP number of the Company's common stock and publicly traded warrants. Correspondence should be distributed to all shareholders and warrant holders with instructions on exchanging all stock and warrant certificates for new ones reflecting the new name and CUSIP numbers if there are new ones.
CPPT l2s: l2s building, even with restrictions
Once the ticker change, and the shorts have to cover, this stock will fly.
Amazing revenues, 53MM OS, 6.3MM float, no debt...
Because the market makers are short shares.
Same thing happened to SSSU.
Only 6.3MM in the float, maybe less.
Are you guys trust this co??? Why is buying restr on them??
Thx.
Hey thanks for your help Lobsterguy. I found out a little info. Not much. But the restrictions are in place because of "suspicious trading activity". Im thinking massive shorting but thats my opinion. I was able to pick up some more shares but had to call in my order. they verify you actually have an account with them , the funds etc, and presumably no shorting of the stock will be allowed. Once again the later part is my opinion also. But I got my order filled. I just called in my order and still recieved the internet commision of just $7. So you got to take the time and actually call in your order. Mention to them that you are buying stock on the restricted list and they will give you the usual internet rate. Also it might help to offer at or above the ask to grab shares. As more people realize that all you have to do is call it in we might see some more heavy activity. But wherever you let people know aabout CPPT you need to mention that you have to call in your order. Happy accumulation to everyone.
CPPT SHARE STRUCTURE:
Verified by their corporte attorney:
Shares Outstanding: 53,258,338
Public Float: 6,322,755
35,029,980: held by corporate insiders
Assigned Shares: 61,921,671 (if it were fully diluted)
NO ONE IS SELLING ON THE MANAGEMENT SIDE
Yes , and even more so if all the shares were not shorted out, you could accumulate a fortunes worth. Then again, even with a modest amount of shares by simply holding and waiting it out you can do well also. I may have to settle for that since buying shares may be hard to do in the near term. Keep us updated on what the CPPT's legal firm can do about the situation.
It is an update on the September 5 release, with the addition of the cash, which you noted.
The previous IR company apparently only released news to a handful of brokers in the Boston and NY area.
That could explain the pitiful performance of the stock at the time.
The previous PR said a 6% working interest, lumping it all together, but they felt it was more accurate to describe it as 5% working, 1% free participation.
The Sept. 5th PR was an announcement of a contract received, and this PR confirms payment has indeed been received.
I was told that for three years, these guys have been like professors, focusing on the theory, the technology and the projects, and not on revenue. Then earlier this year, they began pursuing contracts, but as you noted, they were in need of cash.
What's exciting to me about this point in time, is that Terra Images appears to be entering the harvest phase, after several years of proving the value of the technology, and building industry contacts.
The fact that they have been hired by two multi-billion dollar companies, within a short period of time, would validate the value of their techonlogy. Those guys don't waste their time or money on theories
I wouldn't be surprised if shortly, CPPT begins to enter a period of rapid growth.
That would be so sweeeeet.
When I have researched the history of mining companies that were now trading at $12-$16, I've could look back and see the point where they were trading sideways at .10-30c, and then suddenly took off. I have always wished I could have located one of these companies before they were in the dollars, and been smart enough to recognize their value before the rest of the market.
If my hunch pays off, this could turn out to be one of those one in a thousand plays.
I know Iknow..errrr
Try .205 or .21 Wang. You should get filled
Oh yes.
I tried to add today no fills
I had .20 and .19 bid all day.
SL..... Is this latest news just simply an update on the old news reported on Sept.5th or is it an entirely new contract with a new entity?In the news release for Sept.5th it was stated that they had a 6% working interest and in the latest news release about the Congo it is stated that they have only a 5% working interest. Perhaps the earlier news release was counting the 1% free participation interest in with the working interest to come up with the numbers. I tend to think that this is just an update that they have actually received a cash payment from them and this is not a new contract. That being said if you look carefully over their filings it was evident that they needed cash badly to fund all the projects they will be working on and now this major problem seems to be broached.That they are actually receiving CA$H is really big news to everyone who reads the financial reports.
Simply outstanding. This news is so exciting...if anyone really understands the ramifications of this...how this company is such a cash cow....they wouldn't be able to sleep at night.
CPPT >> Must Read: SHORT SQUEEZE!
not only is this company ridiculously undervalued, there's a potential short squeeze brewing as well...
New ticker/cusip change due first week of November...heh heh
MUST READ POST!!! http://www.investorshub.com/boards/read_msg.asp?message_id=14113621
First Ameritrade completely restricted trading, now Scottrade, and probably Etrde, and they all gotta cover before the 2nd week in November!!
Remember, CPPT has a very low float, 6.3MM, but it could be less, because there are a couple of investors with healthy positions.
I was on the phone with compliance for an hour, and Ameritrade could not give me a single legitimate reason why I could not buy CPPT, not even with a broker. Ameritrade refused to give an answer to CPPT's corporate attorney either. This is a complete restriction except for closing sales. I've never had this happen to me before with any stock.
fwiw, this paragraph is from the SSSU Investor Update PR, issued when SSSU also had a complete restriction by Ameritrade:
"TD Ameritrade refused all explanations for the refusal to allow investors to purchase our shares, which we feel only confirms our speculation of a large share imbalance on the sell side."
CPPT gets a 6% interest in a diamond mine in the Congo...plus an upfront fee!
And their partner is a multi-billion dollar company, who obviously thinks their technology must be pretty awesome.
Only two multi-billion dollar diamond companies active in the Congo: DeBeers and the Russian monopoly Alrosa...
This is friggin huge stuff going on.
Yes, it is hitting the newswire!
This is HUGE news!!!! Is it going to be released over any sort of newswire? HUGE news. It needs to be released somewhere besides on a message board. Great great news.
Great News SL! You might have to forget about slow and steady w/this one. LOL.
CPPT NEWS!!! Payments Received From Multi-Billion $$$ Company!!!
CompuPrint Receives Payment from Multi-Billion Dollar Exploration Company for STeP(R) Technology Diamond Report on 1,000 Square Kilometer Prospect
Company overiew -- News Below
1) Share Structure: 55MM OS, 61MM AS, 6.3MM Public Float.
2) Product: Exclusive licensee of formely classified russian military technology which unearth's hidden mineral, energy and water resources beneath the earth's surface with extreme accuracy -- over 75%.
3) No debt: A recent PR sets forth the particulars of a transaction whereby CPPT removed all debt.
4)Target Share Price Analyis By Stock Lobster:
http://www.investorshub.com/boards/read_msg.asp?Message_id=14108400&txt2find=cppt
NEWS!!!
CompuPrint, Inc. (OTCBB:CPPT), an energy and natural resource exploration technology company, announced today that it has received an initial payment from an exploration affiliate of a multi-billion dollar company to provide its proprietary satellite-based STeP(R) technology report to locate diamonds in a more than 1,000 square kilometer area in the Republic of Congo. The September 2006 service contract also provides for the Company to receive, in addition to its undiscounted service rates out of project revenues, a 1% free participation interest and a 5% working interest in the project.
The Company has begun its preliminary analysis of the contracted prospect to determine the location of the kimberlite pipe(s) which is the potential source of the alluvial diamonds already found in the license area. Our co-venturer has already built a campsite to support the exploration activities.
In preparing its analysis, the Company utilizes proprietary STeP technology, which is based on interpretation of satellite data, to effectively identify kimberlite pipes containing diamonds, and for finding other natural resources subsurface, including oil and gas, gold and even water.
"We are proud that a substantial company in minerals exploration recognizes the value of STeP. Our technology will enable our client to more effectively and efficiently exploit its diamond exploration efforts and achieve substantial time and dollar savings," said Roman Rozenberg, CompuPrint's Chief Executive Officer. "It has already been demonstrated that the technology we employ can help substantially in locating kimberlite pipes for diamond exploration. In addition, this project in Congo complements our now more than 1,000,000 acre off-shore Namibia diamond prospect for which we have obtained licenses from the Government of Namibia for diamond exploration. So, we are optimistic that our STeP technology will open more opportunities to work with this client and other major exploration companies. We are currently in negotiations to render other services to several potential clients of similar size."
About CompuPrint, Inc.
CompuPrint, Inc., through its wholly owned subsidiary, Terra Insight Corporation, provides subsurface surveying, and analytical services for exploration, drilling, and mining companies. The Company primarily uses satellite-based STeP technology, which facilitates the prediction and location of commercially viable deposits of hydrocarbons, gold, diamonds, and other natural resources. The Company interprets and quantifies geologic and satellite data to develop the assessment of natural resources for any given geographic area - on or off shore. The Company, through its subsidiaries and affiliates holds (1) six licenses to more than one million acres off-shore Namibia for diamond exploration, (2) a participation interest in a diamond prospect in the Congo, (3) a working interest in a one million acre Kurdistan oil prospect, (4) leases for oil and gas parcels totaling more than 16,000 acres of land in the Rail Road Valley and White River Valley areas of Nevada and (5) oil and gas leases in East and South Texas. For more information visit http://www.terrainsight.com.
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. There are many factors that could cause the Company's expectations and beliefs about its plans to acquire additional exploration properties, plans to drill or drilling results to fail to materialize, inclusive but not limited to competition for new acquisitions; availability of capital; unfavorable geologic conditions; prevailing prices for oil, natural gas and other natural resources; and general regional economic conditions.
ALLK, INC.
Louis Phillipe Antunes, 450-578-3283
Fax: 450-378-0312
Pnnymn, I really appreciate your sharing this with me.
I have forwarded your experience and your insight to the company.
As you know, the ticker change will take place the first week in November.
This does not leave much time for the shorts to cover.
First Amerirade, now Scottrade, Etrade can't be far behind. (actually, I didn't see Etrd on the L2s all day, so they must be restricted as well)
I noticed today that onl DOMS, NITE, HDSN BSIC and ARCA were active. I suppose that means that only traders using ECNs or institutions have been able to purchase CPPT.
And we still managed to have 177MM in volume yesterday.
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