Abound Energy Inc (ZAIRF)

[bigone]

I appreciate your advice. Watching it closely. May raise my bid a little towards mid day?

[luisWinthorpIII]

I notice today

The bid and ask are set pretty far apart with the price in the middle (more closely hugging the bid side). I think they might be trying to enforce the stock price to stay in that mid .40 area for now by pegging ask at .60. I notice the article stated they are going to close the offering on the 24th of February. So I’m thinking the price will gradually get lower as we approach the 24th and come March it may bounce back into the he 50s and 60s and maybe even higher because I think there are warrants that expire in March which will also likely force the price higher as people start exercising their ability to execute their warrants. In fact, this is exactly why the stock raised from the 30s to where it is now....same pattern.

So if I were you I’d try to buy 33% of your allocated funds for Zinc8 at the .455 bid right now, Then wait and see if you can keep buying 33% more at a time - where every Monday till the 24th, you get up in the morning and put in a buy order at Mondays bid price, and if it doesn’t take, just try again the next day. And if it does take, wait till the next week till you buy 33% more. But if I were you, I’d at least try to get in fully or partially loaded by the 24th.

[bigone]

Thank you. I will watch this closely and possibly raise my bid a little.

[luisWinthorpIII]

10,000,000

They want to raise up to that amount there’s a few sources if you Google zinc8 you’ll see it. And I may have been exaggerating the drop in price, in fact it could even go up depending on what investors and terms they get. But I can’t see any reason this will close above.50 tomorrow so you will likely be able to get in the lower.40s.

I’ve been kind of expecting a formal PR regarding the 75 house when the PV gets integrated, thinking that might give a short term pop somewhere between.80 and $1 but I don’t think that formal PR is going to happen. Owning this stock right now is likely going to take a lot of patience, maybe even more than most can take especially if you’re fully invested and not liquid enough to buy the dips. But man is it going to worth it when they get into commercial production. And they already have their contract set in place with the New York power authority so it’s just a matter of waiting this thing out finding that right entry point and coasting.

[bigone]

Any idea at what price the new private placement is set?

[bigone]

I am still waiting to have my order filled at 44.

[luisWinthorpIII]

Back to the 40s and maybe even 30s

They just issued news at close of market today regarding a private stock offering. I’m definitely going to take advantage of that dip.

[luisWinthorpIII]

Very interesting range today so far

Volume is very low and bid is staying at or above .50. Maybe I’m looking too deep here but I think we are about to see the .60s again soon. If this holds all day without any purchases in the .40s, the .60s become more likely.

[bigone]

Very true. I am in no hurry.

[luisWinthorpIII]

Got pretty low today

Hard to time those big drops

[bigone]

I dropped my bid. No hurry here. I plan to be a long term share holder once it happens.

[bigone]

Current bid is a little higher than that. We shall watch it on Monday. Again, thanks for your expertise.

[luisWinthorpIII]

.40s are starting to get penetrated.

I dont think it will get back to the .30s even under turbulent market conditions but I said that to myself back when they were in the low 20s during the heart of the pandemic and they went all the way down to .12 or something like that even after recovery for the rest of the market was happening. But that was because they were raising money. I think it could get down to the low .40s and a very good chance you’ll be able to grab some in the mid .40s. I saw it hit .47 and more recently .48 so getting in at that price is a very good possibility.

I also think with all the trading activity and hype with certain reddit crowd stocks, because the volume on this has been so low lately, you might run into someone wanting to drop their shares and get out so they can make bets elsewhere and they may do so at a price much lower than the current price point. If I were going to try and get in next week, I’d throw in a bid somewhere between .40 and .45 before market and see if it takes.

Good luck

[bigone]

Great answer. Thank you. May buy a few shares soon. Waiting for the price to drop some.

[luisWinthorpIII]

Good question

They do have some joint ventures in the works already for example this manufacturing one with Vijay electronics. And they are just getting started after being in a research and development phase for years now. I think a lot of doors are going to start opening allowing for more relationships to start building.

Regarding leasing, that could be an option but it definitely complicates things. One reason Photovoltaics companies got into leasing especially on the residential side, is because it allowed average joes to bypass the large upfront costs. But when you’re primarily dealing with commercial customers, it’s much easier to sell them a product and let them deal with the financial aspect of purchasing without having strings attached other than a maintenance contract. In fact even with photovoltaics, the cost has come down enough now where financing the ownership of a system is becoming a better option than leasing.

And the customer that Zinc8 will be dealing with as they take their baby steps into production will be the New York power authority. So this system will be owned and operated by the New York power authority out right (no leasing). And as they gain traction in this market, its these utility companies across the country that will be the target audience for their product. However, now that they are in the New York building code, architects that are designing new projects are going to have to incorporate energy storage into their building designs and these zinc8 batteries will be a purchased item. So in other words, their audience is in the commercial realm where these systems will be purchased out right by the owners of the facility.

That said, as they grow I can definitely see where various commercial buildings may need to be retrofitted with an energy storage device (like Zinc8s battery) and some building owners who are strapped for cash might find a leasing agreement appealing. So to your question, yes perhaps in the future as their customer audience starts expanding I can see this as an option. Additionally for their micro grid business- perhaps some customers would consider a leasing option as well. But these leasing agreements can be complicated and require additional overhead and/or processing that makes things inefficient. It seems to me they would not be considering this in their business model at this time but definitely a good question to ask their investor relations team and please share if you take the initiative to ask them the question.

[bigone]

Possibly they could do a few joint ventures, or lease the technology?

[luisWinthorpIII]

No problem!

I was not previously an MGX investor but I think most people seemed frustrated with their management. But this spinoff in my view has excellent management. In fact, aside from the 20+ patents and great technology, the management team is the biggest reason Ive chose to to take a long position in zinc8. I love the fact that they give investors a view into their world that seems to be a level of transparency and closeness that I honestly cant say I feel I have with any other company I’m invested in. Getting in at the ground floor here and getting the chance to grow with these guys is really awesome - you just know you’ve got something good.

I really do think this stock will test the dollar level at some point this quarter (assuming covid and other global factors or domestic factors don’t crash the market which is not a good assumption). But even if they dont test a dollar, there is a very good chance they’ll be up in the .80s at least this quarter.

And that car battery video I posted a few posts back - if that is true and they partner with Vijay electronics to design a zinc-air battery for cars - thats a whole new dimension. I have my hopes that its true, but I kind of doubt it because I just dont see how they can focus on all of the things they need to get done with their core product AND design an entirely new product line at the same time.....the current team just does not seem big enough to support that. But definitely an exciting possibility for sure.

Disclosure I did sell 4 thousand shares today at .54 to take some profits and reduce some risk. They are entering a lull in their schedule (pending other news) and will likely need to raise money.....and with covid etc going on, I just dont know how long we will be bouncing around between .45 and .65. If they drop back to the low 40s Ill probably buy some more but Ive still go over 36,000 shares so I’m good with that.

[bigone]

Great explanations. thank you. I was a MGX investor who got out at a loss. Looking to get a small position in Zinz8 as a long term investment. Thanks for your insight.

[luisWinthorpIII]

MGXRF (Zinc8) $1 soon

[luisWinthorpIII]

This video implies Zinc8 might

Consider making zinc-air batteries for electric cars

[luisWinthorpIII]

So you actually predate my investment

Since you had a position in Mgx because I accidentally found out about Mgxrf because one day 90 shares showed up in my account and I had no idea how they got there. I think my broker ended up giving me some money for a mistake they made in the form of a security. When I looked into them further, I saw their connection to mgx and saw they were breaking off into their own company. When I learned of what they were doing I immediately took a position. And I’ve been adding at various levels ever since.

Anyhow- good luck and let’s hope they keep going up

[drobx]

luisWinthorpIII, thanks for the thorough response. To answer your question about whether I've taken a position, yes I have. I was a MGX Minerals holder at the time of the initial distribution, so that got me started and wanting to know about the company. Since then I've bought a modest amount of shares priced in the mid teens to the mid twenties. When you combine that with the money I lost on MGXRF I'm probably slightly above even.

[luisWinthorpIII]

Hi drobx,

Yes you can use the zinc8 battery to power your home while the grid is down. Yes you could power your home from it. So it definitely would be useful to power your off grid residence. But you could not use the Zinc8 battery alone. You would have to have something charging it in the form of photovoltaics (solar panels), wind, or perhaps a combination of solar and a diesel generator with auto transfer switch when the batteries need charging and the sun isn’t out to stimulate the Photovoltaic modules. And depending on if the loads in your house are DC or AC appliance will depend on whether you need an off grid inverter (if you have AC appliances) or a DC to DC converter (if you have DC appliances) and yes this would be an additional expense - for example, zinc8 would not be providing those inverters or converters that integrate their battery into the residence “system” level electrical system. And Because AC appliances are usually more available, people with off gird applications usually go with an off grid inverter. And you can hook up your battery (Zinc8 or any battery) to the off grid inverter and the Photovoltaic wiring would also go to that same off grid inverter. The output of the inverter would go to the main panel that feeds your off grid residence and the loads within it. And how much capacity you get out of the your battery (again Zinc8 or any battery) would depend on its size. And you determine the size of the battery based on the loads in your off grid residence and the days of autonomy that you need. Days of autonomy is the number of days you would need your battery (or battery bank) to provide power to all your loads without needing to be charged. So depending on how many lights and appliances, etc you need to power, and how many days/hours in a row you want your batteries to provide power, will depend on how big your battery needs to be. Usually days of autonomy is a number around 3 and maybe up to 5 days - and the reason you dont usually need that number to be 7 is because you should be able to count on solar array to be enough to provide as a good charging source most of the time - but just in case the sun doesn’t shine for 3 days straight (for example) you’ll want your batteries to be able to handle the loads in your residence until that sun comes back out....and typically you’ll have a small diesel generator as a backup for the solar in case the sun doesn’t come out for weeks. By the way, a little cocktail party knowledge for you....solar power can be in the form of photovoltaics or wind generators (which both Biden and Trump have erroneously referred to as wind mills - wind mills are typically used for pumping water from the ground, whereas wind generators convert wind into electrical energy). Also, technically speaking, we dont say “solar panels” and instead we say “photovoltaic modules or PV modules”. There is such thing as a “solar panel” but its not what the general public thinks a “solar panel” is - the general public says “solar panels” and from a pure technical standpoint, they should instead be saying “PV module” or “photovoltaic module” and not solar panel. The reason is that a while back, builders that needed to hoist up an entire row of PV modules pre-strung together on the roof of a house would refer to the entire row of pre-strung PV modules as a “solar panel”. But now-a-days that pre-strung row of PV modules is just referred to as a “series string” and you may have several series strings that get tied together in parallel with a combiner box which form a “solar array”. So the hierarchy is PV cell — PV module — PV series string — PV array.

Anyhow, the above description I gave you is an example of how you would integrate a Zinc8 battery into your off grid residence - but just know that you could use that same concept with any battery not just the one Zinc8 is making...Yes it is true the Zinc8 battery is much much different than a typical electrochemical storage device like the lead-acid battery in your car or the batteries that typically make up a battery bank for a residential off grid system. But in the end, the Zinc8 battery is just that (a battery) and you would use all the same concepts above to determine the capacity needed to power your residential off-grid load.

All that said, the residential market segment is not part of Zinc8s business plan. They are strictly designing their battery for micro-grid, battery backup and utility scale applications that are way way bigger than any typical residential off-grid applications. And they are targeting 8+ hour applications (even 12 or more hours depending on the size of the battery), meaning they are designing batteries that are capable of delivering daily energy on the order of 100s of kilo-Watt hours or even on the order of MegaWatt hours and possibly even GigaWatt hours as they go forward. That’s way more than any typical off grid residence would require but would be very useful to offset the energy typically used by a utility company.

Let me know if you’d like to know anything else or if I didn’t answer your question the way you were looking for....Ill try to reword in a different way.

Just curious have you taken a position in Zinc8 yet? If not, there are a lot of factors right now in the higher level markets that I think are going to trickle down and cause a correction which may cause Zinc8 to go back to the low 50s or even high 40s. But I am not selling and I would recommend that if you want to take a long term position and hold, see if you can get in the lower 50s as your entry point. If you already have a position - good luck! I notice they are complete with their portion of the 75 house milestone they’ve been trying to meet - but the integration is not yet complete....and I’m pretty sure they will announce a formal PR when the entire integration is complete and when they do this could test $1 - but again, there are lots of high level factors in the market right now that could put a damper on that but long term - its a no brainer so dont be afraid to take a position now if you plan on holding long term. Also, they are going to need to raise a significant amount of money to get ready for production in 2023 - so at some point there will be some dilution. Again, this is better as a long term trade and not so much a day trade.

[drobx]

luisWinthorpIII, you say you are knowledgeable about the area of technology, so I will ask you the same question I've asked the company several times. What I want to know is how useful the Zinc8 battery would be when the power grid is down. Could you power your home directly from it, or is some sort of converter (like DC to AC) needed? If a converter would be needed, would that be a significant additional expense? When I asked the company all they say is that you need to have an energy source to charge the battery. (To be fair, I don't think I asked the question very clearly.) The main scenario I have in mind is a back up source of power for the home when the grid is down.

[luisWinthorpIII]

For anyone new coming to this board

It has occurred to me that hardly anyone has heard of this stock and has no idea or is confused about what Zinc8 does and why you should invest in them now (as of this writing trading at about 60 cents per share with the OTC ticker). And if you are here, you probably came across this opportunity through a friend or perhaps you stumbled onto their 5 day trading chart this past week and saw eye popping gains. And you are wondering if you should get in now. The answer depends on if you are day trading or long term, or just short term hold. I would be concerned getting in right now if I were a day trader....it should be noted this stock typically has very low volume (we are talking at times less than 100,000 shares traded and at most as of recent they had a big day for them - over 600,000 shares traded today 01/22/20201). So if you purchase say 50,000 shares, you may have a difficult time dumping them quickly......and it seems that as the days go on the volume is increasing but I’d imagine it will cool down soon. So if you are daytrading them, I wouldn’t risk purchasing anymore than 10,000 shares because you may not be able to dump those shares easily on low volume days. However, as of late, you could easily get 50,000 and should be able to dump that since the volume has been much higher lately. If you are a long term hold, definitely now is a good time because they just dropped from .65 to .55 (over 15% and bounced back to only being down about 7%). And I’m not one of those pumper guys that cant take criticism or understand that the stock may actually go down and get mad at you when you suggest otherwise. To be clear any company that is not generating revenue (like Zinc8 MGXRF) is a big risk. But I’d like to explain why you’d be smart to take the risk with this company and I’m not even going to do that with words. I’m going to share several YouTube videos with you that you probably have not found through standard google searches and let the videos explain what the company is about and why you should invest in them.

Personally, I am very technical and am very well versed in various areas of renewable energy with an emphasis on Photovoltaics (grid tied and off grid applications). I am a long term holder with close to 40,000 shares and I’m not selling anytime soon - I’m definitely going to see these guys through commercial production in 2023 (a few short years away).

Here is a link to their recent general meeting in December of 2020. Look at how awesome Ron McDonald (the CEO) is and how he incorporates his top employees in the meeting. The transparency to shareholders is remarkable.

Here is a link to a video showing their physical office space and various areas within the office location. No way Hindenburg is going to put a short report on these guys claiming he went to their office and it didn’t exist...

Here is a link explaining their entry into the Rocky Mountain third derivative accelerator program

Here is the CEO talking about their deals with the New York Power Authority

Here is a personal discussion from the CEO discussing timing of their entry to commercialization (which you can basically get out of the general meeting above)

Here is a video (uploaded a week ago) explaining how they have delivered the battery to the 75 House in Vancouver and they have completed their part and are waiting on others to complete the integration of other systems. I’d imagine we haven’t received a PR on this yet because its only half done, but the video explains that Zinc8 has delivered on their portion. I do believe this stock will test $1 when (or possibly even before) the 75 House is complete and I’d imagine we should see this happen before end of March at the latest and I would think even earlier but I’m not aware of the construction schedule (just hard to believe it would take longer than 60 days from this point since clearly large portions of the house are complete as seen from other videos on YouTube).

And for competition comparison, here is a competitor in the field EOSE systems -

the EOSE battery is a newer technology, however, it is not a one size fits all. They are using a hybrid Zinc concept which is a static battery (no plumbing or pumps involved just a big electro chemical storage device). Whereas Zinc8 is using a flow battery concept originally developed by NASA to power things in space long term (it takes longer to degrade - on the order of 25 to 30 years in Zinc8s case). A flow battery concept is great for scalability because it “decouples” the power generation source from the energy storage and allows customers (if they so choose to desire more storage capacity in the future) to simply increase the size of the electrolyte container leaving the power generation source the same. This is what they mean by “decoupling” power from energy in the videos. So the modularity of this concept can come with great cost savings also saves on physical footprint when more energy is needed. Note, there are lots of battery competitors out there but Zinc8 can deliver over 8 hours of energy in utility scale energy storage applications where lithium could only deliver 4. Plus lithium is way more expensive and Zinc is one of the most abundant metals on earth therefore way cheaper.

Ok, have fun, good luck to all day traders and investors, I do believe you have found your gold mine here.

[luisWinthorpIII]

This will go up 25 - 50% soon

[luisWinthorpIII]

Your focus is more on residential use and trying to understand how zinc8 can provide a residential solution. And that includes Californians who face not getting power due to fire. But right now zinc8 has a target audience and that audience is providing energy storage for commercial building construction. Yes they can design residential energy storage systems however residential and commercial design require completely different business models. It’s the same reason first solar (a huge solar company) only sells to commercial customers (with the exception of Solar City (now tesla) since they buy in bulk.

Zinc8 is looking more at 100s of kilowatts to systems on the order of megawatts. This is their target market segment. If they shifted to including residential in their business plan, they would need way more overhead to handle the additional sales, processing, etc for smaller gains. Yes with the right plan it could work but that’s not where their focus is right now.

The 75 house residential installation is a one off install for demonstrating their design. It’s a way they can show everyone what they can do on a smaller scale before they start going commercial. And I’d imagine they will have other such smaller scale real world demonstrations before they start ramping up commercial production. The zinc8 battery will be the primary power source for the house and will be charged by solar.

Also something that I should clarify is zin8 could replace diesel generators by being the backup power or they can be the primary power with something else as the backup. It just depends on the design.

[drobx]

There are two potential uses here. One is the person who wants to live disconnected from the grid. The other is the person who wants a back up for when the grid goes down. As I mentioned earlier, here in California they have become very quick to cut off the power when fire danger is high. I personally know someone who was left in the dark for an extended period of time. So I was wondering if the zinc8 cell could be part of a solution. But now that I think of it, people can get diesel generators pretty cheaply, so maybe there isn't really a need to fill.

This all makes me wonder about the project in Vancouver - what exactly is the benefit that the cell is supposed to bring to that household?

[luisWinthorpIII]

The answer is yes you can power a residence with just the battery and a charging source (eg solar or wind) alone without a grid connection. Most off grid residential setups, however, will include a backup diesel generator with an auto transfer switch and zinc8 would be no exception to that. In other words just because you are using a zinc8 battery at your residence doesn’t mean you would get to ignore the possibility of running into issues with your charging system and thus, a backup generator would still be required. You won’t see this in a commercial application typically because industry loses money when power outages occur and not having the grid as backup would lower the “availability” (many companies require five 9s which means 99.99999% of the time the utility is up and running and that number may differ depending on what part of the country or world you live in) and you can’t get that with a diesel generator alone....not to mention a diesel generator would have to be massive for most commercial applications as a backup to your battery system rendering such a setup as not feasible - so in commercial applications it would have to be an extremely unique situation not to use the grid as your backup and in most commercial situations you’ll more than likely find that a battery and charger combination are only enough to offset the energy required - not replace. But with zinc8 I’m sure that they will attempt to meet 100% of the energy demand of whatever structure they are powering and over time as energy requirements fluctuate and solar arrays degrade (about.7% per year for mono and polycrystalline silicon), zinc8 will be able to add more power simply by increasing the amount of electrolyte material (up to a certain amount) without having to make room for more physical building space to accommodate the increase in power (which would be an issue for lithium ion since lithium ion would need to add additional batteries,hence, requiring more building space).

But anyhow for residential applications you can get away with just having a battery (like zinc8) and a solar array (for example) without a backup. Usually you try to size a system like this according to historical weather patterns but as you pointed out, despite historical patterns, weather is still unpredictable and do it really just depends how crucial it is to ensure you have power. For example you could size your system very conservatively according to historical weather numbers, but even then, if the weather gets even worse then historical data, now what? Is it ok with you if your residence might run into this unlikely situation and you’ll just deal with not having power till the sun comes out again? Totally up to you. In remote cabin situations most people wouldn’t care but let’s say this is a residence you live in...you’d probably want the piece of mind that you have a back up.

I can try to respond in a different way if that doesn’t answer your question. Let me know if you have any other questions.

[drobx]

I sent my question to the company and they replied after a few days. Their answer missed the point of my question, which could of course be my fault not theirs. What I want to know is whether, assuming the unit is charged, you can service your house while disconnected from the grid. As a point of comparison, your solar panels don't do you any good if the grid is down. Here is a web link discussing the issue: https://www.greenbuildingadvisor.com/article/getting-power-from-solar-equipment-when-the-grid-is-down . The question isn't that important, because I imagine that you can build something around the zinc8 storage system anyway. So the real question would be how cost effective would it be.

[luisWinthorpIII]

Yes you can power a house if you design it correctly. I’m sure their main focus right now is on commercial buildings because thats where the money is. But yes they could eventually do smaller scale work to power residential in volume when they take off. As an example, the 75 house (google it) in Vancouver (i think) is a residential property constructed by a renowned architect. Zinc8 was expected to do an install for this residence as a demonstration of their product and that install was expected to start (or finish - I cant remember) on the 21st of December 2020. So per schedule the install should be nearing completion as we enter the new year if they abide by their news release schedule. This would prove they can do residential scale work - however I’m sure their focus is going to be on new buildings and retrofitting old buildings since they are now part of the building code in New York. No, their design is not gong to power any residence or building on its own - it is intended to be used in conjunction with Photovoltaics (or possibly wind). More jurisdictions will follow and I’m sure California will be following New York’s example. If Zinc8 can prove their technology is sound, California will certainly follow - nobody in the utility scale space can touch their unit cost and cost per kWh which is why they have had so much success. This stock is under the radar right now. There’s definitely some day to day manipulation but even at the highest prices in the 40 to 50 cent range - thats cheap in the long run. A lot of folks have taken notice now Zinc8 needs to prove themselves through initial demonstrations as they start their 2 year plan to go to a commercial scale. The other great thing is they are protected by patents. Nobody is going to come in and steal this idea from them. Sure their are others doing the same thing but not like Zinc8....nobody can touch their up front and long term utility cost savings (at least right now anyhow). I believe there is another private company owned by the same guy that owns the La times - and they also use Zinc, but they are definitely not as far along as Zinc8.

[drobx]

Looking at their website, it appears that they are targeting large scale customers, such as utilities and businesses. I wonder if it would be possible to economically scale something for a single home. Here in California they have become very quick to turn off the power in some areas when wildfires are a concern. If you lived in such a place then you'd do well to have a private store of electricity. I guess I'm not clear though, could you power your house from one of these batteries, or do you still need the grid to serve up the electricity in a usable form?

[luisWinthorpIII]

They get exposure. As I understand it RMI is an institution that bezos poors money into and it is intended to bring together promising companies and their ideas to combat climate change. But not sure if you were aware, the zinc8 battery design will be in the new building codes for New York. That means any architect or engineering firm that needs to abide by the code will need to contact zinc8 for questions on how they need to implement their zinc air battery system into the building design. And any new building will need to meet the strict New York climate change standards because New York needs to be carbon neutral in a few decades. Battery storage will be paramount to making this happen...and the cost savings that zinc8 has to offer with the raw materials and scalable design makes them unique. Also they already have patents (some pending) to protect their intellectual property. I’m sure other forms of energy storage are also allowed per the building codes, however, I’m not aware of any that are more cost effective. Zinc is one of the most abundant and inexpensive metals on earth...and as for air, well that’s pretty cheap too. And to make the battery larger, e only thing they need to do is increase the electrolyte which has major cost advantages when building owners want to increase their energy storage capacity post installation. This stock could run back up to the dollar range without warning. They’ll be chugging along then all the sudden boom- it’s too late. You may be able to get in for under a quarter possibly but I doubt you’ll see under .2 again. They have proven to be susceptible to stimulus news because some traders will take advantage of the perception that entails and when some weak investors see big drops in price they get scared out of their shares. So the fact that state and local governments aren’t getting any stimulus this round, could affect them and you might get an opportunity to get in cheaper. But in reality the stimulus has nothing to do with their success. Their projects are rolling forward regardless. Also, they have the 75 house installation planned to be installed and connected before years end. Even though this is just a simple residential application this is a big deal for them because it marks the first time they can prove to the world their product is not just an idea- it’s a reality. And so the 75 house will be the stepping stone that allows them to demonstrate proof of concept and get some really good exposure and press at the same time. I expect there’s a good chance you’ll see a pop up to at least.40 when that news comes out. But the stimulus is important too in the short term.

[drobx]

Sounds good. I wish the announcement gave more detail about what Zinc8 will receive as a result of this though.

[Spifster]

Some more good news that will hopefully moves things forward.

https://www.accesswire.com/618917/Zinc8-Energy-Solutions-Announces-Selection-to-Join-World-Renowned-Rocky-Mountain-Institutes-Third-Derivative-D3-Accelerator-Program

[big johnny hell]

good morning,
some good news "Zinc8 Energy Solutions Announces Agreement in Principle with Australian Renewable Energy Project Developers SmartConsult"

[luisWinthorpIII]

Unlikely there is a bad development at this point. The contract with the New York power authority is already done. The demonstration is a ways off. I could understand more concern if that contract was not in place. But these guys have existing patents as well as patents pending....they’ve got the contract. It’s just a waiting game at this point. No way the recent drop was due to bad news. Now, if we get to the demonstration and we have unforeseen issues with the technology - that’s the only thing that could make your investment today a sour investment. You never can be 100%certain with these things, but I’m confident this stock will be pushing somewhere around 40 to 50 cents in about 10 to 12 months. That said, you can say that about a lot of stocks right now - with so many undervalued stocks in the market (and even go-to stocks that are overpriced right now) everything is likely to come back big in that time frame as well. But getting into this stock now, if I’m right and we get back to 40 or 50 cents a share, that’s a 100+ % increase from current levels. And if the technology is solid, these guys will be first movers in a (For the most part) non existing market for zinc-air energy storage. The market for something like this is in the 100s of billions of dollars to maybe even more than a trillion. And so far these guys are leading this market.

[drobx]

I agree that a stock, especially a penny stock, can drift down without news. But I am not so confident that if there are bad developments there will be a PR out before the selling starts.

[luisWinthorpIII]

It’s Covid and political uncertainty. But also other stocks have been surging up until recently. All this has contributed to the drop. Moreover we are at least another 10 to 12 months away from any milestones. If you’re sitting stagnant for that long without news to prop up the stock, it’s likely to go down.

There has been no PR indicating anything negative. I must admit though, my entry point was certainly off. I’ll probably buy 100,000 more if it drops to .07.

[drobx]

Share price went under 12 cents today.

[drobx]

The share price has gone down quite a bit. Is it because some people know something bad, such as the demo is not going well, or are people just getting bored while no news is generated.

[luisWinthorpIII]

It’s called NantEnergy

But these guys are not publicly traded that I’m aware of. And zinc8 energy (Mgxrf) has that contract with the New York power authority which is big time. Unless their upcoming demonstrations go awry, which is the risk, skies the limit for these guys.

But I don’t see failure happening. The testing involved to interface to that grid is going to be intense. You don’t just get a couple alligator clips and hook up. And there’s no way these guys would beat out dozens more companies for that contract unless they had the data to back it up.

I’m not aware of any other competition at the scale these guys are preparing to deliver on with this technology. I’m sure you’ll find institutions doing research but zinc8 is a first mover forging a new market. Everyone is focused on lithium ion but when it comes to integrating an electrochemical storage solution at the scale that is needed for a multi gigawatt grid, you have to think about cost and scalability and lithium ion does not solve that problem.

I am surprised to see the stock price floor appears to have dropped a penny from 19 to 18 cents. We are starting to see 18 cent bids and closes in the .215s. I tried to get as close to what appears to be the floor as possible but I may have jumped in too soon. That said we still see regular jumps to 23 and 24. I’m sure some folks are selling at 24 and buying back at 22 regularly until something big happens. But the volume is so low.

[drobx]

If this does take off, then it will forever be a mystery why they were ever associated with MGX Minerals. But obviously there is competition in this space, so we can't count our chickens. What is the name of the other company you mention?

[luisWinthorpIII]

I’ve got 20,000 shares at .22

And they are all worth at least .23

A professor in college once told me that if you could figure out energy storage you’ll make bill gates look poor. I really think these guys have figured it out and are on the forefront of something BIG that’s barely getting started.

And they aren’t alone. The owner of the LA times owns another company that is doing the same thing. The difference is they don’t have a contract with the New York power Authority. If this demo goes well, it’s going up for sure. And I really like this CEO. I think the see guys are gold mine disguised as a zinc mine

[drobx]

The price of this stock seems unusually stable for a penny stock.

[imjake]

There was no IPO. MGXRF was a spin off from MGX Minerals (MGXMF). Correct web address: insert-text-here

[Renee]

MGX Renewables Inc. changed to Zinc8 Energy Solutions Inc.

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

[Tec4757]

Nice slow move here

[Apok]

MGXRF - .2829... IPO was Aug 14th and looks to be trending north since then... Pink Current on OTCmarkets with no other information... can't find any filings but found the following website that I believe to be the company...

https://www.mgxrenewables.com/