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Runner on first! Waiting on the home run.
There is always room for more. Amazing how they pulled it off once again.
I just knew the financing deal was coming. Great job promoters and pumpers. I must admit your good at your jobs. Pirates in the penny stock game. Oh well not likely your going away anytime soon. Buyer beware.
MagneGas Announces Pricing of $5.0 Million Registered Direct Offering
GlobeNewswire•October 11, 2018
TAMPA, Fla., Oct. 11, 2018 (GLOBE NEWSWIRE) -- MagneGas Applied Technology Solutions, Inc. (“MagneGas” or the “Company”) (MNGA), a leading clean technology company in the renewable resources and environmental solutions industries, today announced it has entered into a securities purchase agreement with certain accredited institutional investors to purchase approximately $5.0 million of its common stock in a registered direct offering and warrants to purchase its shares of common stock in a concurrent private placement. The combined purchase price for one share of common stock and each warrant will be $0.23.
Under the terms of the purchase agreement, MagneGas has agreed to sell 21,800,000 shares of its common stock. In a concurrent private placement, MagneGas has agreed to issue warrants to purchase up to an aggregate of 21,800,000 shares of common stock. The warrants sold in the private placement will become exercisable on the earlier of (i) six months following the date of issuance; or (ii) shareholder approval, will expire on 42 months after the closing date of the offering, and have an exercise price of $0.3654.
The gross proceeds to MagneGas from the registered direct offering are expected to be approximately $5.0 million before deducting placement agent fees and other estimated offering expenses. The offering is expected to close on or about October 15, 2018, subject to the satisfaction of customary closing conditions.
Maxim Group LLC is acting as the exclusive placement agent for this offering.
The shares of common stock described above are being offered and sold in the offering by MagneGas Applied Technology Solutions, Inc. pursuant to a “shelf” registration statement on Form S-3 (Registration No. 333-207928), including a base prospectus, previously filed with and declared effective by the Securities and Exchange Commission (SEC) on June 15, 2016. A prospectus supplement and an accompanying base prospectus relating to the offering will be filed with the SEC and will be available on the SEC's website located at http://www.sec.gov. Electronic copies of the prospectus supplement and accompanying base prospectus may also be obtained from Maxim Group LLC, 405 Lexington Avenue, 2nd Floor, New York, NY 10174, at 212-895-3745.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. Any offering of the shares of common stock will be made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. The warrants and shares of the Company’s common stock issuable upon exercise of the warrants have not been registered with the SEC and are being offered in reliance on an exemption from the registration requirement of the Securities Act of 1933, as amended.
About MagneGas Applied Technology Solutions, Inc.
MagneGas Applied Technology Solutions, Inc. (MNGA) owns a patented process that converts various renewables and liquid wastes into MagneGas® fuels. These fuels can be used as an alternative to natural gas or for metal cutting. The Company's testing has shown that its metal cutting fuel “MagneGas2®” is faster, cleaner and more productive than other alternatives on the market. It is also cost effective and safe to use with little changeover costs. The Company currently sells MagneGas2® into the metal working market as a replacement to acetylene.
The Company also sells equipment for the sterilization of bio-contaminated liquid waste for various industrial and agricultural markets. In addition, the Company is developing a variety of ancillary uses for MagneGas® fuels utilizing its high flame temperature for co-combustion of hydrocarbon fuels and other advanced applications. For more information on MagneGas, please visit the Company's website at http://www.MagneGas.com.
The Company distributes MagneGas2® through Independent Distributors in the U.S. and through its wholly owned distributors, ESSI, Green Arc Supply, Trico Welding Supply and Complete Welding of San Diego. ESSI has 3 locations in Florida, Green Arc 2 locations in Texas and one location in Louisiana, Trico has two locations in northern California, and Complete Welding has one location in southern California. For more information on ESSI, please visit the company’s website at http://www.weldingsupplytampa.com.
https://finance.yahoo.com/news/magnegas-announces-pricing-5-0-131500204.html
Their project is best completed. They buried the diabetic reverse sugar formula some many months ago.
All I recall they mentioned a cheaper feed stock sometime ago. Well of course they have to be buying it from others. Most likely local farms is my assumption. The best way would be to get the corn by rail, but I do not know if their facilities are set for rail delivery. Does not matter anyway, who, where or how they get it at this point.
So they making the corn gas. They do make Magnegas other ways which is true. I assume the company could clarify. Basically they have numerous ways of making it.
As a stock it can turn playful. I lost most of my sentiment for the time being and mostly just watch the pump and dump releases. They are making corn gas.
They once submitted an investor release talking about using a cheaper feed stock, but never said what it was in the article(s).
In other words using waste as feed stock is not competitively feasible? THIS IS THE QUESTION OF CONFUSION. That was the intent. Convert waste to Magnegas.
So Vincent1974 who I have never seen on this board before. Did you sell? You have to sell to make money.
Waiting on a new finance deal to be announced.
My Opinion.
I wonder when they will announce another round of financing?
Generally there is when activity turns a positive note.
Just watching.
FB should be shut down until they fix their wrongs. FB sold out their patrons. Something truly wrong with government continuing to allow the breach in FaceBook business, all in while they keep hollering back sorry. Shameful.
PFE is an obvious winner. I like it even at the high note of $44. I think a trading channel will eventual form after the rise in share price wanes in the $52 area.
Now I could be wrong, but it is almost obvious PFE is remaining strong with the investment community for the time being. Besides giving a yield of 3.11%. Sure cuts down on a investment risk with a yield like that.
A lot of conversion left in the pot?
Besides, I truly believe UVE is solid and will remain solid after healing their loyal customers with the needed cash to rebuild.
I think 2008 is when UVE entered the Carolina market. I think your concern should also include the path of Hurricane Florence, all states affected.
UVE States:
Alabama, Delaware, Florida, Georgia, Hawaii, Indiana, Maryland,
Massachusetts, Michigan, Minnesota, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, and Virginia. Possibly Illinois, Iowa, and West Virginia also.
I do not follow as I once did. Possibly a Carolina insurance agent might have the figures you are looking for. I would assume it be part of their sales hype I would imagine. Maybe not, but I think it is a good guess.
Nearly 1.6 million customers out 1.7 million customers have had their power restored which would have minimized extended damage.
Really? My second comeback to you. "Next quarter maybe well timed for a reverse split", are you for real? Timed? Totally insane if another reverse split occurs. Shareholders have been slaughtered already. Are you posting for the company by the way, because that could not come from an investor?
I return with cost of sales, and raise you with no net profits.
One problem that needs breaking down are companies who are use to doing business with one another are reluctant to search or adopt a new company into their provider base. That is a problem with a lot of broad based enterprise companies. I must say though 8x8 has been surprisingly beating out old hardened provider services. One of the conference calls highlighted that even when 8x8x is late to the table. 8x8 has still surpassed the competitors and won the bidding contract.
As share holders I think the lag for trusted investment comes from the expansion expenses to broadly benefit enterprise level customers. So far those added expenses seem to have generated enterprise activity. What that ratio of expenses to confirmed business deals is I am not readily in the know. So as costs level off and business activity improves. We should also see it expressed in higher share prices.
My opinion only.
Could you be Chris L.? He used that same saying "tucked under my pillow".
Nice to hear from you. Growth is on the menu in high fashion.
Name that fund?
I agree about this stock. Makes no sense. Even the way the market reacted after approval. Definitely strange. Manipulative? But then there were just to many institutions involved as holders. So I would tend to believe no manipulation as such.
....but there still needs to be buyers. For what you responded. There might not be a particular buyer, but there has to be a buyer or buyers. Who then just takes a loss knowingly? Sounds to tidy for me. Something just does not appear to be correct with printing shares with liquidation always available at sub fractional discounts?
Florence could flood hog manure pits.
You have to have a buyer to sell to. So who exactly are they selling all this paper to?
Is a buy out in the making, since all the recent cloud provider hype? Has been many stories, and many stories that do not include 8x8 as part of the cloud frenzy.
There is no real disadvantage at this point from cloud mergers other than management power structures. Oh sure there is always a negative in there some where, but as most companies keep grabbing more pieces of the cloud business, eventually competition is sometimes easier to knock out by taking control of the competitors business mechanism.
When is comes to 8x8 though. I do not think a fair buy out offer will be made. Based on growing multiples, 8x8 consistently has shown year over year growth for more than one year. The story is the same going back several years.
"Revenue breakout: Service, $78.1M (up 20%); Product, $5.1M (up 27.4%)."
Quarterly revenue growth is generally around an estimated 20% year over year.
In an over heated market. EGHT remains in the undervalued category in my opinion.
Of course this is my opinion. I am not an analyst
My best to all.
I thought I seen that $0.02. Well It does matter now anyhow. Even $0.002 not even matter. Investors truly got slaughtered especially if they were longs. Shameful! Simply shameful!
Small Company Offering and Sale of Securities Without Registration (d)
https://ih.advfn.com/p.php?pid=nmona&article=78191023
You have doubts? Well I would tend to agree with you. But then as you stated the breakout from the 3 acquisitions has not yet occurred. A breakout over their existing sales? Yet to be seen.
Good thought though.
"MNGA reported 2 quarter 2018 losses of -0.24 USD per share on 8/14/2018. This missed the expectation of the one analyst following the company by 0.11 USD. The analyst covering MNGA for the next quarter estimates that the company will lose -0.15 USD per share.
The next earnings announcement from MNGA is expected the week of 11/13/2018."
An expected $0.09 improvement from 2nd quarter (2018) to the 3rd estimated quarter of 2018.
They already did because of the three acquisitions made earlier in 2018.
It did little to counter the share dilution that I am aware of.
I might add. A little mental sanity has surfaced with that news.
As for the share price and the printing press of horrid dilution. That is a separated issue. But I have come to the conclusion that anything goes in keeping the company a float until the company has achieved their goals.
That is welcoming good news. Just maybe there just might be a government funded project to deter the Florida algae problem that is chemically induced. Of course pure speculation on my part for the moment. But the timing is right.
How does this company and so many others keep getting private placement funding? Nothing but major losses to investors. Then it repeats again without any accountability in my opinion. It is not unique to MNGA. Must be investors looking for a loss to write off? I do not even hear about lawsuits for foaled out private placements. I never took the time to figure it all out.
Oh well! I assume it will continue until MNGA gets to where it wants to be.
Excuse me then, but anyway finding bottom when the printing press is feeding a hungry seller is the real activity in reality for the time being.
Ahh! Maybe that is what I was thinking when they will do a 100 for 1 reverse split going forward. That would make it a $2 share price. I would figure they do something just before it hits the sub penny mark. Trustfully Yoga will have that reverse split bottom line charted within one of their reports.
It is just so messed. So confusing! But I expect more private placements as it looks like they are using the Zack's promo . Everybody or maybe just me likes Zack.
What price you think they will do the reverse split? I think they need to do more acquisitions and do them shortly while they have private placement monies coming in. What is your solution to marketing if not by acquisitions?
North Port-Sarasota-Bradenton, FL. and Cape Coral-Fort Myers, FL. might be two good areas to establish shops. Very high growth rates and close to home. Just giving my two cent opinion.
Did I say $0.02? To who? Everyone? Oh well! Maybe that is what I was thinking at the time and then maybe a typo. Probable typo. But now that you have me thinking about it. It could become a 2 cent share price . I guess you will have to wait for Yoga's report which is usually very good overall.
Nice chatting with you.
So you think it going to $0.02 also. We will see. Nice call!
Did you mean $0.02 a share? Two Cents?
"Common Stock is $0.15 per share" . per news release.
https://ih.advfn.com/p.php?pid=nmona&article=78168541&symbol=MNGA