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The fellow I heard from was telling me that the change is likely to come towards the end of the month. I hope you will let us know if TD Ameritrade will let the dogs loose. I have no way of knowing but its a major event for us.Keep us posted.
CPPT L2: growing bid support @ .20c
This one is due for a ticker change within a week or two. The company says the float is 3.98MM, even smaller than the posted number.
The guy I spoke with said the company had no idea who was selling here. They feel it is some old shareholders, probably from the former shell, in the way at .20. After that, should be very thin.
Given the inexplicable Ameritrade restriction, there is a possibility someone is very short...which will be revealed when the ticker changes.
I get the feeling that only a steady flow of PR's will move this since it has such low trading volume. I think we just need to have some patience. Maybe when we get the new symbol we will be able to trade w/o the restrictions set by TD Ameritrade.
A little info about Terra Insight Corp. that i found on the web, may be you have seen it alredy but makes for a good reading.
Diamonds and Gems
Miners race to exploit Namibia's off-shore diamonds
By: Rodrick Mukumbira
Posted: '14-SEP-06 11:00' GMT © Mineweb 1997-2006
WINDHOEK (Mineweb.com) --A raft of new diamond exploration projects are beginning in Namibia, as the focus shifts from land to marine reserves. This week alone, two international companies have reported stepping up prospecting projects in Namibia’s off-shore territory.
Diamonds are the lifeline of the Namibian economy, contributing over 70 percent to the country’s GDP. But earlier this year, Namdeb - a 50-50 joint venture between the Namibian government and DeBeers Group - voiced concern over the declining land diamond reserves.
Since then, its interim results for the year ended 30 June 2006 revealed a shift to a near match in production for marine mining activities and land based operations. Its marine mines accounted for 537,000 carats, while land based operations produced 544,000 carats.
Namdeb managing director Inge Zaamwani said her company was pumping US$125 million into in-shore and off-shore diamond mining activities, and predicted that marine diamond mining activities would by-pass land mining in 2009, due to an “aging process” underway in land-based mines.
Meanwhile, on Monday, Namterra Mineral Resources (Pty) Ltd, a subsidiary of Terra Insight Corporation, said that it had received a sixth exclusive licence to use satellite-based technology to explore for diamonds in an area covering approximately 247,000 acres of off-shore territory.
Afri-Can Marine Minerals Corp, a Canadian company listed on the TSX, followed suit on Tuesday announcing that it will commence the first phase of exploring Block J in Namibia’s south-western coast for diamonds on October 8.
This phase, which consists of a geophysical survey of an area totalling approximately 1,200 line-kilometres and an extraction of at least 25 vibro-core samples measuring 100 millimetres in diameter, will last for about 25 days, said a statement from the company on Wednesday.
It will be undertaken by International Mining and Dredging Holding Ltd (IMD), an international marine mining contractor with state-of-the-art geophysical survey and sampling equipment. IMD’s parent company Argo SRL owns several marine exploration and mining vessels that have been successfully operating diamond mining projects in Namibian territorial waters for over six years.
The statement said the survey and vibro-core sampling will focus specifically on target areas called Features 6 and 8 in areas lying between the mining town of Luderitz and South Africa, both of which proved to contain diamonds in the two previous reconnaissance sampling programmes the company undertook.
“Feature 6 forms a known aeolian-fluvial diamondiferous deposit covering approximately 4.1 sq. Km, and is structurally similar to known deposits in the Luderitz area in Namibia where an historical inferred resource of 4.1 million carats of diamonds has been estimated. Feature 8 consists of known diamondiferous gravel waves and lag gravel deposits covering approximately 11.2 sq. Km. Feature 8 is structurally similar to a known deposit at the mouth of the Orange River area in Namibian waters, where Namdeb is producing in excess of 900,000 carats annually,” said the statement.
If the first phase results are satisfactory, a second phase will begin almsot immediately to take 319 large samples, each of 10 square metres.
Here is the link:
http://www.mineweb.net/gems/170220.htm
Always do you own DD.
It seems like a real sleeper.I don't know what can get it going other than just to post some solid DD. In time it will do well even if its a little slow right now. With volume being so slow it might be a good time to buy on the dips that seem likely to show up.
Pnnymn, CPPT needs a spark to get it moving. It's a great setup, and after speaking with someone at the company, I get the idea the public float is actually closer to 3.9MM.
However, I don't think people understand it.
We need something here...
Great sentiment, but hold the "wees" for later...
I'll check them out. Thanks!
CPPT is due for a ticker symbol change in November. I don't expect there to be much motion until that takes place...
Hey you guys might want to look at GRSR, it's got good things going for it and they are getting ready to move up...check it out. By the way I do own a few shares of CPPT too, just waiting for lift off!!
Always do your own DD because I'm only human and make many, many mistakes.
CPPT is just getting started, imho. There is truly no where to go but up, and nearly all the indicators are positive.
I think this is one of the most promising OTCBB pennies I've found in a while. It is simply waiting for the right trigger to break through to .50c.
Warrants at 21 cents + Strong TA at 20 cents ! im loving it :) EOM
I know that GBDX also increased the AS, but it was for acquisition purposes. The OS and the float remained the same. Most importantly, any new shares created were restricted.
I think that may be the same situation here
There hasn't been dilution on CPPT. I'm calling to confirm about the increase in AS.
CPPT l2: fyi
53MM os, 6MM float, 2nd payment on $2.5MM contract PRed today and no debt.
dilution is never a good thing. At least for the short term.
Actually its an ammendment.
Hey these guys are issueing themselves warrents @.21 a share. I dont think they want to come out on the nothing side of things. They could have made it .01 a share convertable warrents but they didnt. So .21 seems to be a good price to get in at. Also remember an earlier news realease...................CompuPrint, Inc. Announces Conversion of Debentures Into Common Stock at a Significant Premium to the Current Share Price
Monday September 25, 7:30 am ET
Transaction Eliminates Company's Debt
NEW YORK--(BUSINESS WIRE)--CompuPrint, Inc. (OTCBB : CPPT - News), an energy technology company that combines satellite-based technology with traditional exploration services, announced today that investors have converted all $5 million of its outstanding debentures into common stock at a conversion price of $0.50 a share, representing more than a 150% premium over the current trading price of its common stock. The transaction with Enficon Establishment, and its affiliate, Kiev Investment Group, resulted in the issuance of 10 million shares of the Company's restricted common stock in exchange for the surrender of the $5 million of debentures that had maturity dates of December 31, 2007 and 2008.
ADVERTISEMENT
"We are pleased that after experiencing first-hand the value that our STeP® technology added to the drilling efforts in our first two wells in Texas and Nevada, and after reviewing the reports of independent geologists and well known expert oil industry consultants about the performance of STeP under challenging wild-cat drilling conditions, Enficon Establishment and its affiliate, Kiev Investment Group, have elected to convert their outstanding debentures into common stock at a level significantly above the current price of our shares," said Roman Rozenberg, Chief Executive Officer. "This conversion of all of our outstanding debentures removes all of our long term debt from our balance sheet, and will be helpful in our pursuit of oil and gas properties in which to deploy our promising technology, and to further the development of properties we already own..............................do you think these guys pan to throw away 5 million bucks. So maybe any price up to .50 is ok too. Plus these guys seem fairly open to me. they wont say anything that is not a public record so in some things you just have to read betwen the lines. Taking these two new release how would you read between the lines. Sure Im not enthused about the increase in authorize but I dont see them simply diluting the authorized for nothing anyway. These guys want to make some mula too. I am currently trying to get info on how much they are getting or might get from all the leases, licenses and working interest they ALREADY have contracts with. I have not sold a single share and plan on holding because I think it will appreciate significantly. If you shake this tree hard enough only the nuts will fall out. I also hope that you will join me in trying to obtain accurate information on CPPT and getting the word out on what may be a significant find. But you got to look long term. Its the only way. I hope some of you will call the company and encourgage them to try to get on the AMEX as soon as possible.
NEWS OUT .........................This is acttually a reprint of some older news........................................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:
Ivan Railyan, Chairman of the Board
Roman Rozenberg, Chief Executive Officer Dan Brecher, Managing Director
Dmitry Vilbaum, Chief Operating Officer
Item 3.02 Unregistered Sales of Equity Securities
Each of the issuance and sale of securities described below was deemed to be exempt from registration under the Securities Act in reliance on Section 4(2) of the Securities Act as transactions by an issuer not involving a public offering. No advertising or general solicitation was employed in offering the securities. All recipients either received adequate information about us or had access, through employment or other relationships, to such information.
Reference is made to Item 1.01 of this Report regarding the stock warrants issued by the Company to employees.
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of PrincipalOfficers
On September 25, 2006, Ivan Railyan, our President and Chairman of the Board, informed the Company that he will cease to serve as President effective September 30, 2006. Mr. Railyan will continue to serve as Chairman. The Board of Directors has appointed Roman Rozenberg, our Chief Executive Officer, to assume the role of President.
Item 9.01 Financial Statements and Exhibits
(c) Exhibits Exhibit Number Description of Exhibit
10.1 Form of Stock Warrant dated September 25, 2006 (Incorporated by reference to Exhibit 10.1 of Form 8-K filed on September 25, 2006)
There should be some good news on the horizon. Skeptics should give this until the end of the week or the end of next week to see if anything happens. Give them a call. 212-286-9197
718-974-0864
Where did you find that out at? I read it was only being voted on, on 11/3 to increase to 101 million AS
Be prepared for a shock. CPPT will increase there authorized to 250 million shares, while outstanding should not increase much. They will most likely make some aquisitions as they become a major player in the exploration/natural resources sector. Remember they have No Debt and a limited outstanding shares. They have leases, licenses and working interest coming there way in addition to multi- million dollar searching fees,and likely to increase over time. Please give these guys a call they are acessible and very open. I think this is the real deal and they will do very well.Do your own DD and if you dont like them increasing the authorized count then please sell. It will happen. Have you looked at other minng stocks and see how many shares they have issued? This is better than any miner. They have many guns locked and loaded and will come out shooting.
Diamonds dominate Namibia's economy. Over 20% each year to the countries GDP. CPPT is in the right place. The only thing that worries me about CPPT and all OTC/pinks for that matter is dilution and private placements. If CPPT can stay away from that then this stock will easily be a 10 bagger.
http://biz.yahoo.com/bw/061018/20061018006079.html?.v=1
"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."
I don't know why, but that post cracked me up. I guess it's because I've been in the same boat.
I learned the hard way myself. Year 2000-2001.
Wow! That is a great attitude I wished I could develop that one. I don't know how many times I have NOT followed that rule and screwed up..."Gap and Trap". Greed and emotion.
CPPT holding the gap needs volume
In a nutshell.....................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.
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
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.
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.
CPPT in a nutshell: "STeP™ is responsible for completion of over thirty applied projects with various clients in Africa, the Middle East, the Far East, South America, and Russia. The average success rate of prediction and localization of commercially viable deposits of hydrocarbons, gold, diamonds, and water is over 75%.
The approximate total volumes of petroleum deposits (in localized traps) amounted to over 90 million tons (including 40 million tons in Sakhalin, 20 to 25 million tons in Penza, 10 million tons off-shore block 2-2 Kunsan, South Korea).
The economic merit of the STeP™ adoption amounted to at least $5 million per project. "
...Since 1997, this technology has been tested at more than sixty fields and has yielded outstanding results. Its use proved to reduce geological exploration costs by, in some cases, 500% and shorten new field prospecting time to a few months.
Recent Prs:
________________________________________________
~ CPPT Selected By Multi-Billion Dollar Minerals Exploration and Trading Company To Provide STeP Technology For Diamond Exploration in the Republic of Congo...CPPT will receive 6% working interest, an up-front fee for services, plus a "success fee" from revenues. They say they expect this may the first of many jobs from this family of companies..."
_______________________________________________
~ Turkish Çalik Enerji signs partnership agreement with CPPT for oil&gas exploration
New York City based US company, CompuPrint, Inc. CPPT -an energy technology company that combines satellite-based technology with traditional exploration services, announced that Terra Insight Corporation (TIC), its wholly-owned operating company, signed an agreement with the Çalik Enerji, a leading Turkish energy company with holdings throughout the Middle East, to jointly explore eight onshore blocks in the Erzurum area of eastern Turkey.
Previously, this highly desirable area had been restricted because of Turkish military activities. Pursuant to the agreement between TIC and Çalik Enerji, Terra Insight Corporation will utilize its proprietary satellite-based STeP technology to identify hydrocarbon exploration targets. TIC is to receive payment for the survey as well as a 20% working interest in the project.
"We are pleased that Çalik has recognized the potential of our STeP technology," said Roman Rozenberg, Chief Executive Officer. "With energy prices near record levels, companies are increasingly seeking to identify additional drilling opportunities. Our technology allows for the cost-effective exploration of energy properties in ways that have never been done before, identifying the parcels that are most likely to result in successful exploration results." ... Previously, this highly desirable area had been restricted because of Turkish military activities.
_____________________________________________________
Friday October 13, 6:07 pm ET
$750,000 Received on $2.5 Million Contract
NEW YORK--(BUSINESS WIRE)--CompuPrint, Inc. (OTCBB:CPPT - News), an energy and natural resource exploration technology company, has received the first payment of $750,000 from a major oil and gas exploration and production company in connection with a $2.5 million service contract the Company received in August 2006. ...
"We are proud that one of the world leaders in off-shore oil and gas exploration recognizes the value of STeP®. Our technology will enable our client to more effectively and efficiently exploit its exploration efforts and achieve substantial time and dollar savings," said Roman Rozenberg, CompuPrint's Chief Executive Officer. "We have already demonstrated that we can help substantially reduce the number of dry holes in off-shore drilling. We are optimistic that our STeP® technology will open more opportunities to work with this client and other major exploration companies. The Company is currently in negotiations with several potential clients to render services."
source: http://www.terrainsight.com/
Climbing back up!!
Good Morning Just bought 23,400 shares :)
hmm...someone is selling !
Good luck to all !
No, I found out about it after hours on Friday, three weeks ago, when the press release about the oil company came out
losing their PR guy gave the stock an 80% hair cut? LMAO.
Hope you weren't holding then...
They lost their IR guy, and began working with someone who only issued PRs in the Boston region...
I like it around here for an add
I know, what's a few pennies if it does move hard? But .19 is much better than .23 ( that's what I was bidding 2 days ago). I've just been burned chasing stocks before. I let them come to me. They almost always do. And if I miss a ride, then O well... I'll catch the next one.
CPPT chart shows solid support between .18 - .20. Can anyone tell me what happened in Mid June that caused this stock to tank?
I don't know why we are seeing the price flux right now. The next news out should be from South America. Then later they will reincorporate with a new symbol and with an increase in authorized shares with little change in the number of outstanding shares. But the real kickers that will bump it up will be when all the damond/oil revenues start kicking in.That makes this a true natural resource/exploration company.As the demand for their services grows so they might also go up in their fees and in thier working interest. All this will tend to feed on itself. I hope that after they break $1 a share that they might consider changing Exchanges and go over to the AMEX where most of the gas/oil stocks are located.
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