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MMT/MAUXF blowing up with pipeline announcement. Up $0.19.
Memorial Blog for LenTinman (Martin Manley)
Please feel free to share on any appropriate board.
J Sim
A friend has created a memorial blog. Here is the link: martinmanleymemorial.blogspot.com . They intend to have a more thorough obituary on this site. They have already put urls for mirrored sites on the blog and can change those urls as needed. It will take time to really get stuff on the blog they want, but at least it is out there for comments now.
Len Tinman - Martin Manley info
Can't post on the main VMC board so thought I'd provide a bit of information on a board where a lot of regulars often visit.
I've known Martin for around 15 years through our monthly poker games and living in Topeka and Overland Park. During that time he's always been a great friend probably due to our similar sense of humor and frank discussions. In many ways he was too clever for his own good, which only combined with his obsessive nature and umcompromising attitude, to make him the person so many of us enjoyed and on occasion were frustrated with.
While I'm saddened by his actions I do respect his rights as I believe them and I'm comforted that he would have been happy that his plans are having the impact he wanted.
J Sim (Scott)
Some additional info from his sister follows:
While the police system and autopsy did not allow Martin to be able to donate organs of his body as he was so adamant to do, we were able to harvest a lot of tissue. He will be able to help over 50 people with tissue transplants.
A friend has created a memorial blog. Here is the link: martinmanleymemorial.blogspot.com/. I intend to have a more thorough obituary on this site. We have already put urls for mirrored sites on the blog and we can change those urls as needed. It will take time to really get stuff on the blog we want, but at least it is out there for comments now.
MMT.V dividend
showed up in my Ameritrade account an hour ago so you're having an even better day. A little over 5 cents a share USD. No foreign tax withholding on IRA account.
Capital gains and losses are treated the same whether they are real estate, stocks, etc. so Wade is correct. I've actually done the opposite with real estate losses offsetting stock gains.
ECU buyout value
Under the terms of the deal, ECU shareholders will get 0.05 common shares of Golden Minerals and about C$0.000385726 in cash for each share they hold.
.05*C$10.95=C$0.548
Current share price C$0.58
J Sim DOG
Dow 9840
Oil 114
Gold 1483
So I'm now a basher for pointing out any problems. Let's look at my two most recent posts on this board. October 30, 2007 - A joint venture with WK Venture where I point out debt problems. Stock price around $0.25. Then there was October 2, 2009 when I questioned what benefit NCNC would see with buying Precision Aerospace in terms of growing revenues. Stock price around $0.18.
Now today even after all of the wonderful news, we're within striking range of a 52 week low at $0.062. It seems to me that I'm not bashing but pointing out the obvious.
I don't really see how this is a significant development for USAE in that the old NCNC takes its big debt, merges and renames itself USAE, and then sells its NCNC business without the debt back to Duquette while USAE is stuck with the old NCNC debt.
Great deal for Duquette and an accounting trick for USAE as now they have a $1 million gain. Of course it only cost them $4-5 million.
Of course with all of the wonderful news we've really made improvements in stock price - not. Today is great with one $2,500 purchase raising the price by %14.
05/10/10 01:30:00 am
J Sim
DOG prediction
Dow 9595
Oil 69.50
Gold 1195
J Sim
The Quilite Factor
I wonder if this merger is going to end up like the Quilite fiasco.
From a shareholder letter:
Looking ahead, New Century is following a two-pronged growth strategy. In addition to building its core machine-tool manufacturing and remanufacturing business, it has put its ample production capacity to work in a new business line, the production of products made from Quilite. This year, it entered into an agreement with Los Angeles-based Quilite International to assemble modules out of Quilite blocks. We project that this activity could account for roughly half our revenue in 2006 – of $10 million out of a total $20 million. Even before then, in 2005, we expect it to add $0.05 cents per share to our bottom line.
TRGL up over 50% in last two days. Any ideas on the reasons for the run up?
What's next, debtor's prison?
"To be honest, Congress should enact legislation making it a crime to walk away from a mortgage because the market value is less than the mortgage. It is morally bankrupt to do so, and imo, it should be a crime" has got to be one of the crazier statements around here besides the Illuminati.
Mortgage contracts (like all loans) are simply business contracts where someone has agreed to give back some collateral if they stop making payments. Nothing moral or ethical about it. None of these problems would exist if there was reasonable underlying value to the asset used as collateral. It's the fault of the lender for not requiring better collateral on the loan obligation.
Not surprisingly it's somehow gotten a lot harder to get a zero-down no documentation loan these days. Banks are even having to reevaluate their lending practices to the point that credit limits are being cut on the best of customers.
Len:
Just to whet OTC's appetite, here are a few things.
Drive a car without wearing a seatbelt.
Same with motorcycles and helmets.
Smoke in an office, bar, etc. even if I own the place (at least in KS).
Kids and bicycle helmets.
Get on a plane without taking off my shoes and having an ID without a major cavity search.
Zoning regulations
Use of eminent domain for the benefit of private companies.
I know, I know, public benefits over personal freedoms, but a loss nonetheless.
J Sim
DOG of 2009:
Oil $72.40
Gold $941
Dow 8242
Len's Oil Price Prediction now has analyst support.
Today was the first day that I saw other analysts agree with your prediction including one talking about $30 per barrel.
J Sim
<<<<<<<<<<<<<<<<<<<
Oil analyst Stephen Schork wondered if $50 would even hold.
"Maybe $50 is too conservative given the putrid, putrid look at the economy," he said.
"If we're not out of these doldrums nine months from now we're looking at $30 oil."
Schork said he expects buyers of that December contract to put the oil into storage and that inventories will continue to build.
The Energy Department's Energy Information Administration also reported Thursday that natural gas storage levels far exceeded expectations, driving prices sharply downward.
Natural gas inventories held in underground storage in the lower 48 states rose by 16 billion cubic feet to about 3.45 trillion cubic feet for the week ended Nov. 14.
WAG: Tuesday 11/4/08 6:25 PM
Oil 114.24
Gold 947
DJIA 11657
J Sim
Not only a first time poster but also just joined I-Hub today as well. Strange coincidence but we'll go along with the game. What are your five other gold stocks and how many of them have been pinks? Just wondering.
OT Len: I would have thought you would have maintained the classical taste sensations of sweet, salty, sour, and bitter. So-So??
ROTFLMAO
J Sim
WAG 12/03/07 10:35 pm
Thanks.
J Sim
Unfreeze my ncnc.ob. Just too cheap to not try for another run up and catch the leaders even if it is a POS.
J Sim
STP dropping in a bit of a over reaction to their restatement of reserves. Couldn't help but pick up the same shares I sold at over $4 just 4 months ago at half price. Definitely undervalued but the oil sands are out of favor now so just need to bide my time.
J Sim
STP.v news out and while its not good news in that the previous increases didn't factor in their 80% ownership factor, it should be interesting to see how shaky the stock price gets tomorrow. Might be able to accumulate some shares for less than the stock price was before any additional reserves were reported and when crude oil prices were in the mid-60's.
CALGARY, Nov. 6 /CNW/ - Southern Pacific Resource Corp. ("Southern Pacific" or the "Corporation") (STP - TSX Venture) has been advised that the reserve report prepared by Degolyer and MacNaughton Canada Ltd. ("D&M") for the year ended June 30, 2007 contained a calculation error, related to the Corporation's ownership percentage of its reserves. The report as originally prepared estimated the probable and possible reserves on a 100% of the property basis and not on the 80% interest which Southern Pacific holds. The best case contingent resources of Southern Pacific which were previously reported as approximately 689 million recoverable barrels were reported with the correct ownership percentages and do not require any adjustment.
The reserve report was prepared by D&M, effective June 30, 2007 estimating the extent and value of the probable and possible reserves on the initial 25 sections of land at Leismer. This represents approximately 11% of the total land holdings of the Corporation and applies to only one of its areas. The Corporation has a total of 217 sections of land in five areas. The report is the basis of Southern Pacific's Statement of Reserves in its Annual Information Form for the year ended June 30, 2007.
The original amounts estimated by D&M were probable reserves of 116 million barrels and possible reserves of approximately 82 million barrels. The corrected amounts are probable reserves of approximately 92.6 million barrels and possible reserves of approximately 65.8 million barrels. The adjustment is due to a mathematical error only and is not a technical revision in reserves or resources.
This revision does not affect the business plan of the Corporation with respect to its exploration activities during the upcoming season.
Oil Contest: $98.75
J Sim
SLAM exploration, SXL.v/SLMXF.pk +.05 to C$.23.
Not sure if its a delayed reaction to private placement of flow-through units at C$0.25 or just increased visibility but a nice run up in price. This is an early exploration junior with two projects that look like they could produce feasible mines.
J Sim
Regardless of any possible growth in revenues, NCNC will end up with a loss for this latest QTR due to the continuation of large interest expenses. I suspect that we will also see some extra expenses that are explained off as related to startup of the joint venture with W K Machine. Until NCNC gets out from under its debt I suspect that this stock is going nowhere fast.
Oil and Inflation
Bob Brinker has mistakenly made the same argument to the point of saying that rising oil prices hold down the inflation rate because they are effectively an increased tax. Brinker railed against Ben's higher interest rates to slow inflation caused by increases in oil prices.
At the time, the only thing that he said that I thought made any sense was that like food, it was one of the few items that people will not do without. I still can't agree with the premise.
A transcript of Brinker's comments from last spring can be found here.
http://investment.suite101.com/discussion.cfm/8/265-265
J Sim
SS COLA
While the COLA number may be BS, the representation here that the use of a 3 month window is inappropriate is a bit of misdirection. The comparison used by the Feds to determine COLA is not against the previous months(not April to June 2007 against March 2007) but instead the specific quarter from the previous year (e.g. QTR 2 2007 compared to QTR 2 2006).
This method is entirely satisfactory as long as the Quarters (3 month periods) compared are the same and do not change. You might get screwed a small amount if inflation spikes for a quarter or two but you can also win if prices drop temporarily before going back up.
FYI- I use the inflation tables regularly in a similar manner. The real issues not discussed are the items that make up the inflation market basket (and those excluded) and allowances for product substitutions. Basically, product substitutions are a lowering of the standard of living.
J Sim
The real question is:
Is there anything that prevents LBWR from releasing their financials to other business news outlets or even their own web page?
Since they are not required to report IMO it is much more likely that LBWR has failed to report than that pinksheets.com is holding up the release of LBWR's financials.
J Sim
NSOM Challenge
Due to the risk associated with the falling value of the US Dollar, five of my six picks are in the energy and metal sectors.
ATPG
Nat gas producer that is bringing oil into the mix. Large growth coming online in Q3.
Hopefully, press releases during the contest will push up the share price even before the production.
CMM.V
Profitable , undervalued gold junior with large number of ozs in ground. Now they just need to perform to their guidance.
CS.TO
Nice profitable base metal producer. Looking for increasing prices for Cu, Zn and Ag.
SYNL
Specialty pipe (stainless steel) manufacturer with great earnings and sales growth. A falling knife due to an expected drop
in surcharges for metal prices but still forecasting large increases in earnings.
TBYH.OB
A Chinese cell phone play where I've made several profitable round trip trades.
Buy around $2 in the lulls and sell above $3 around earnings releases.
CML.V
A wild card pick. A battered nickel junior but a nice turnaround possible with a resurgence in Ni Prices.
Recently hired experienced executives to actually open mine and run it now that feasibility reports are in.
J Sim
Concerning radio frequencies burning water.
Budge is technically correct. There is no net energy increase between converting H2 and O2 back and forth to H2O.
The term he is looking for is enthalpy and applies to the First Law of Thermodynamics that is used to refute all perpetual motion machines.
See activation energy diagrams on http://www.800mainstreet.com/7/0007-004-reac_rate2.htm
H2 + O2 producing H2O is an exothermic reaction with a low activation energy required and a large decrease in potential energy
(lots of heat is produced when a small spark is put to H2 burned with O2).
The reverse reaction requires an overall increase in potential energy which is why water doesn't convert to H2 and O2 without a large energy input.
For this process to actually work, the burning of H2 and 02 in the presence of radio frequencies and saltwater would have to form some other compound besides H2O
at an even lower potential energy where the extra released energy could be further used to help break apart additional H20 into H2 and O2. Since no claim is made to
such an inert element being created, the science is extremely doubtful but a neat parlour trick nonetheless.
For those that may think this process involves a catalyst, a catalyst is not consumed and only lowers the activation energy required and not the overall difference in potential energy.
From Wikipedia: Water Fuel Cell.
The water fuel cell, named by American Stanley Meyer, is a device designed to convert water into its component elements, hydrogen and oxygen (2H2O <> 2H2 + O2).
The Water Fuel Cell is designed to utilize less energy to break molecular bonds than the quantity capable of being recovered by combustion of the product hydrogen and
oxygen gases; the validity of the design is controversial. The water fuel cell is claimed to be able to produce several times more energy than it consumes;
the source of this additional energy has not been scientifically identified therefore the theory is treated with skepticism.
In practice, an engine would be connected to the output of a water fuel cell and through the combustion process convert the hydrogen back into water
(2H2 + O2 <> 2H2O), which can then be vented to the fuel tank (containing water); such a practice conforms to the parameters of perpetual motion,
hence conclusive scientific investigation would either verify violation of thermodynamic law or identify the source of claimed additional energy.
At least one car prototype, reportedly powered by a water fuel cell, has been assembled [doubtful].
J Sim
Robsct: It's easy enough on any stock board to click on the hide IBox to save some time downloading once you're familiar with the info it contains. You can always unhide the IBox if you want to go over it again.
J Sim
Bermuda shorts imply Bermuda pants because the only way Len has shorts is after he cuts his old winter pants down to shorts. Our only hope is that the holes in his pants are low enough down that when he cuts them down that Len doesn't end up looking like a member of the Village People out on the town.
I'm betting on cutoff jeans with a shirt with the sleeves torn off. As for the sunglasses, I suspect that Len's been hanging around the optometrist office buying the disposable pairs off of senior citizens when they get them after cataract surgery.
No price tags since they write the prices on with wax pencils at most garage sales.
Len - has WalMart or the Dollar store started selling jeans for a buck a pair yet??
J Sim
A nice little US state placement test. Harder than you might think without borders. Thanks to NH I was off an average of 9 miles.
http://www.shockwave.com/gamelanding/fiftystates2.jsp#
Actually zero is a multiple of 9
9*0=0
Why it works
All numbers can be represented as 10*x + y from step one
Subtract x+y in the second step gives
[10*x+y] - [x+y] = 9*x + 0
So as long as they put the same symbol in 0 and all multiples of 9 in the table the correct symbol is always the same.
You might also notice in the table that once the numbers exceed 81 there is no need to have the 9 multiplier symbol in the 90th and 99th slot since the maximum result in step two is 81. They actually put the 9 multiplier symbol in the 86th slot.
Yahoo Finance
Maybe someone over at Yahoo has figured out that they need to correct their recent run of terrible "improvements".
J Sim
Peggy White, Yahoo! Finance GM, out: What took y'all so long?
Posted Jun 15th 2007 1:11PM by Sarah Gilbert
http://www.bloggingstocks.com/2007/06/15/peggy-white-yahoo-finance-gm-out-what-took-yall-so-long/
For as long as I've been in the "business" of online media and specifically finance, the name "Peggy White" has been synonymous with, well, I'm a nice girl and I don't use that word. Let's just say there was never a time I heard of anyone who loved to work for her. No, on the contrary, those in the finance group at Yahoo! Inc. (NASDAQ: YHOO) tended to quit early and often due to her quixotic leadership style and her tendency to fly off the handle at her underlings. And for as long as I've been in the business, I've been wondering, when will they figure it out and get rid of her?
The general consensus in the industry was that Peggy White, the GM of the (despite her difficult nature) very-successful Yahoo! Finance, managed up far better than she managed down. Her group's success was attributed all to her, and she effectively kissed enough tushy (or so the scuttlebutt goes) to keep the top brass oblivious to the unhappiness of those below.
But everyone was wondering, when will it end? How soon will her cover be blown and it become obvious that she is the reason everyone in her group keeps hightailing it to the competition? The answer seems to be, this week. According to a report in PaidContent, Peggy's departure was announced on Wednesday, June 13 -- the details are still unclear but here's one vote with the conviction that, no matter how the official announcement is eventually worded, it wasn't for "family reasons."
Most telling of all: when I searched for a photo of Peggy, I could find one nowhere on flickr -- the photo sharing site owned by her now-former company and littered with photos of every other member of the upper echelons of Yahoo!. There's just no love for Peggy White. Update: The inter-company memo is up at Valleywag, and the commenters there (some who seem informed, others who just seem bitter) blame everyone from Peggy herself to the behind-covering of her boss, Scott Moore.
The "Borrowers"???
"Merry-go-round" area solution
As Bagwa pointed out this is a limit problem and the area of the "merry-go-round" deck is 100 pi regardless of the size of the circles given the 20 foot chord.
Trigonometry proof follows:
The radius of the small circle is r2.
The radius of the large circle is d1 which is also equal to r1+r2.
Since the radius of the large circle serves as the hypotenuse of a right triangle
formed by the sides r2 and the 10 ft measurement, the square of the hypotenuse (d1)
is equal to the sum of the squared leg lengths. (d1) squared = (r2) squared + (10 ft) squared.
Pythagorean theorem - If a and b are the legs of a right triangle and c is its hypotenuse, then a2+b2=c2.
Area of a circle equals pi*(radius) squared.
The area of the large circle is pi * (d1) squared also equal to pi * [(r2) squared + (10 ft) squared]
by the substiution above. This is equal to pi*100 + pi*(r2) squared.
The area of the little circle is pi* (r2) squared.
Subtracting the area of the little circle from the area of the large circle is:
[pi*100 + pi*(r2) squared] - pi*(r2) squared = pi*100 or about 314 square feet.
So yes, one gallon of paint covers that area.
The amazing part is that it doesn't matter how big the circles are its just half of the bisecting segment length squared * pi.
If that holds true the really easy approach [as Bagwa proposed] is that the inner circle has a radius of zero (a point), then the bisecting
segment is actually the diameter. (1/2*20ft) squared * pi = 100 * pi