Why did someone sell 8000 at .182 yesterday at 3:58? Now we're stuck here until they give us the money.
Goodnight sweet prince
Since they are still a public company they must release news.
I'm also surprised a better deal didn't come. I do know at least one other company was interested in a stock deal but they (TSTA and/or, Houlihan) wanted all cash.
I think I'll vote against the merger.
They booked another order, not that it matters to current shareholders.
I'm surorised some lawyers didn't get involved in contesting the merger
TurboSonic Technologies, Inc. (TSTA), a global provider of clean air technologies, today announced receipt of a $1.7 million air pollution control system order from a US customer for the supply of its SonicKleen™ wet electrostatic precipitator (WESP) to limit acid gas and particulate emissions from waste combustion. The equipment is scheduled for delivery in the first half of calendar 2013.
I hear you there.
MAYBE Bard Associates will block the deal and force Megtec to up the ante? Wishful thinking?
I've been involved with several of these "this stinks" plays now.
The game is rigged, and small investors lose.
Moving away from the small caps- trying to get into investments that might be more stable, less risk.
Looks like no other offer.
Unreal. The potential of TSTA was/is enormous. Not sure Mr Spink did right by shareholders here. They still had cash for another year or so
He was saying when Boiler MACT passed TSTA was in prime position to win several orders in the $5-15 million range.
I wonder what Bard Associates think? Will they be able to stop the "merger"? Do they want to stop the "merger"?
Their number is 312-782-9647 if anybody cares or wants to call. Tim Johnson was listed in the filing on November 2
Lets hope so- I threw in with management at .34- I want at least that much
Something is cooking behind the scenes I think.
Hi Tim,well it's pretty good news for me.I have 20 k of those shares between .09-.11 since early sept.Last time I owned a year or 2 ago I wasn't as lucky.gl
Purchase price was just under $4 million.
They had $1.3 million cash at March 2012 after burning $300K through the first 9 months.
Looks like quarter end June 2012 they were slightly profitable on $4.9 million revenue
Something stinks. Looks like Eddie made himself a nice deal to benefit himself???
I hope so- I was one of the shareholders that took the .34 cents deal a couple years ago.
Initiating the Acquisition Process
The buyer usually initiates contact with the target company. The best method for doing so is a direct call between the presidents of the two companies. This allows for a brief expression of interest, which can be discretely broken off if the target’s president is not interested. If there is some interest, then the presidents should meet for an informal discussion, after which their management teams can become involved in more detailed negotiations. If the buyer’s president has difficulty obtaining access to his counterpart, then it is best to only leave a message regarding a “strategic transaction” or “strategic alliance,” and wait for a response. Offering to buy someone’s company through a lengthy voice mail may not be considered a serious offer, and will be discarded. A formal letter containing a purchase offer can be misconstrued as notice of a hostile acquisition, and so is to be avoided.
From 10Q ending March 2012 they show $1.3 million cash. With $11.3 million revenue. Loss $2.2 million. In the 9 months year to date the cash decreased $300,000.
From the filing today they state revenues for year end June 2012 were $16.3 million. Loss $2.7 million. This loss includes a $590,000 impairment of goodwill.
If you add that impairment back TSTA would be profitable the June quarter on close to $5 million in revenue.
TSTA must be in buyout talks.
With last quarter's performance and the expected EPA mandates the price should be at a HEFTY premium.
Incredibly there is very little buying interest.
But dopes buy all the obvious group pump and dumps.
So be it. I'll be buying as much as I can the next 2 weeks.
insiders bet the farm at .34 in 2010- Hope they make some money on a buyout
inside bet the farm at .34 in 2010- Hope they make some money on a buyout
Nice Contract! eom
Thursday, April 26 2012 8:49 AM, EST TurboSonic Receives US$2.7 Million WESP Order for Waste Gasification Facility Marketwire - Canada "Press Releases - English"
WATERLOO, ONTARIO --(Marketwire - April 26, 2012 ) - TurboSonic Technologies, Inc. (OTCBB:TSTA), a global provider of clean air technologies, today announced receipt of a $2.7 million order for the supply of its SonicKleen(TM) wet electrostatic precipitator (WESP) technology to control emissions from a waste to energy facility. The equipment is scheduled for delivery at the end of this calendar year.
The SonicKleen(TM) WESP will reduce particulate matter from a synthetic gas stream, which will be generated by an oxygen-assisted plasma gasifier. The advanced gasification energy from waste process will convert residential and commercial waste diverted from landfill into renewable power.
Edward Spink , TurboSonic CEO, said, "This is the second order for TurboSonic's SonicKleen(TM) WESP technology from this customer. We believe that the many patented advanced features of the SonicKleen(TM) WESP and our extensive design and application experience will be significant factors in our future success. Given the current emphasis on energy efficiency, waste-to-energy, and alternate fuel sources, this is a significant step in TurboSonic's penetration of this market."
For more information on the SonicKleen(TM) WESP, please visit: http://www.turbosonic.com/products/wesp.
TurboSonic Technologies (www.turbosonic.com) designs and markets air pollution control technologies to industrial customers worldwide. Its products help companies in the Cement and Mineral Processing, Ethanol & Biofuels, Metals & Mining, Petrochemicals, Power Generation, Pulp & Paper, Waste Incineration, and Wood Products industries meet the strictest emissions regulations, improve performance and reduce operating costs.
Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements to be materially different from the results, performance or achievements expressed or implied by the forward-looking statement. Factors that impact such forward-looking statements include, among others, changes in general economic conditions, interest rates, government regulations, and competition. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statement, see the annual report on Form 10-K and other documents the Company files from time to time with the Securities and Exchange Commission .
TurboSonic Technologies, Inc. (OTC Bulletin Board: TSTA - News)
TurboSonic Inc. TurboSonic Inc. Italian Branch 550 Parkside Drive VIA IV Novembre, 92 Waterloo, ON , Canada N2L 5V4 Bollate, Milano , 20021, Italy Tel: 519-885-5513 Tel: 39-02-38305384 Fax: 519-885-6992 Fax: 39-02-33301943 firstname.lastname@example.org email@example.com
FOR FURTHER INFORMATION PLEASE CONTACT: TurboSonic Technologies, Inc. Ed Spink CEO 519-885-5513 ext. 214 firstname.lastname@example.org www.turbosonic.com Source: TurboSonic Technologies, Inc.
With the pollution market growing, it is just a matter of time for TSTA. Until I bought back over the past couple of weeks, I hadn't owned it since the 1.20s a couple of years ago. With one or two good announcements we could easily be back there in a hurry. Still only 18,554,112 shares out as of the last Q.
Pollution Control Equipment in Energy and Power Market research finds that the market earned revenues of $7.27 billion in 2010 and estimates this to reach $9.69 billion in 2017.
If you are interested in more information on this research, please send an email to Britni Myers, Corporate Communications, at email@example.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.
The U.S. Environmental Protection Agency (EPA) Maximum Achievable Control Technology (MACT) rules will compel solution providers to reevaluate their technology solution requirements to fulfill emission regulations. Planned projects between 2012 and 2013 are likely to be delayed until 2014.
Increased market saturation due to the influx of solution providers from Asia will affect the market. These companies are looking to penetrate the retrofit market by offering solutions at competitive prices. This will increase price competition within regions and will result in a significant number of mergers and licensee partnerships between local solution providers and foreign companies.
Many regions have accepted that the medium- to long-term supply of non-renewable energy will drive the demand for air pollution control equipment.
"Upcoming markets are likely to follow in the footsteps of mature markets, such as North America and Europe, by implementing emission control technology," said Frost & Sullivan Research Analyst Ankur Jajoo. "The installation of such technologies at refining and power generation facilities present opportunities in the regions of Asia Pacific, Africa, Middle East, and a part of South America, as they slowly begin to comply with regulations."
Solution providers are aiming to meet the high demand from oil and gas refineries to treat the emissions produced onshore and offshore. Fabric filters (baghouses), selective catalytic reduction, flue gas desulfurization, and sorbent injection technology are likely areas of long-term growth. Fabric filters are now considered replacements for electrostatic precipitators and are anticipated to experience the largest rise in market share.
"Market growth can be catalyzed by focusing on the development of more energy efficient, compact treatment solutions for emission control and the long-term usage of non-renewable energies such as coal, oil and natural gas," said Jajoo. "Solution providers constantly seek innovative applications for new technologies and are exploring the aftermarket potential of the waste collected to ensure further environmental sustainability."
Analysis of the Global Air Pollution Control Equipment in Energy and Power Market is part of the Environmental Growth Partnership Services program, which also includes research in the following markets: Strategic Profiles of the Leading and Emerging Companies in the Global Water Industry, Hazardous Waste Management, Outsourcing Opportunities in the North American Municipal Water Sector, United States Water and Wastewater Treatment–Regional Opportunity Analysis (Northeast), and North American On-Site Hypochlorite Generation Technology Market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
Thanks for the info- This is my second largest investment in my "gambling portfolio". I think it will at least double down the road.
A bid for 50,000 shares appeared this morning at .25, which may be one of those institutional holders trying to nibble (although the market maker is ETMM, so it could just be any retail investor with an ETrade account). I just bought a little more in the .27s. With only 18 million shares out, it could move quickly if real buyers are trying to increase their holdings.
yes, looks like about 30% to me - think i missed the Bard filing; was looking at different source awhile ago i think.
I think TSTA looks like a good buy here; could be a multi-bagger depending on legislation that's passed, but if it's not passed,dont think it would go much lower (or are those "famous last word" ?), since last quarter was basically breakeven, save the non-cash deferred income tax charge.
Add up the these:
TURBOSONIC TECHNOLOGIES INC(PERRITT CAPITAL MANAGEMENT INC) 02/14/12
TURBOSONIC TECHNOLOGIES INC(SPROTT INC.)02/01/12
TURBOSONIC TECHNOLOGIES INC(BARD ASSOCIATES INC)01/31/12
TURBOSONIC TECHNOLOGIES INC(BARD ASSOCIATES INC)01/25/12
didnt see that; saw Sprott had some shares, but dont think it was anywhere near 30 percent.
Where did you see that ?
EPA tells nation's dirty power plants to clean up
EPA forces dirtiest power plants to clean up toxic air pollution, but gives leeway on timing
I would be happy to see TSTA get a little of this, lol:
New EPA rules to add manufacturing jobs in Cincinnati
The Manufacturing Skill Standards Certification (MSSC) reported that more than 1,000 jobs will be created at Cincinnati-based Enerfab, due to new rules now being finalized by the U.S Environmental Protection Agency that will call for the installation of pollution control systems at utility plants in the Midwest and Southeast.
Continue reading on Examiner.com New EPA rules to add manufacturing jobs in Cincinnati - Columbus Government | Examiner.com http://www.examiner.com/government-in-columbus/new-epa-rules-to-add-manufacturing-jobs-cincinnati#ixzz1fIQQF5vH
Ultra elite-level atmosphere control technology co.
converging with present and (inevitably) soaring future
demand, requiring more robust operational cash flow in the setting of some big, healthy, well capitalized competitors:
Dutchess exists for moments like this (to bleed off some of the enthusiasm)
Encouraging write-up on TSTA
noted on Yahoo msg board:
also, not happy they are dealing with Dutchess. IMO- they are blood suckers of the investment world.
Shoot Ed an email about this.
I bought the special offering. Not happy that Dutchess is involved. So- not adding here, and looking for the exit around 75 cents
TSTA--this should be the era for TSTA. It appears to be under
quiet accumulation. Disturbing to me is the share dilution beginning last year
with the special offering to existing shareholders at .34
only to be followed by an apparent aborted attempt to dilute still further
with the Dutchess Op. Fund, at share prices in the .30's. I would buy it here,
if I felt confident that the need for capital wasn't going to lead to a fairly dramatic
change in share structure.