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Yup, those lovely market makers ;)
I have also noticed, which I am sure you all have, the market makers really mess with this one. Maybe they are trying to keep it low to get more shares before they let it run. It will run, when they want it to and I think it is one of the few marijuana plays that is legitimate. In time, I am certainly hopeful that it will get the attention it deserves in the market :)
And don't forget this stock had a 12 for 1 forward split a little over a year ago. It was over 2 bucks back then! Always seems to take a while for the forward splits to get their legs again while the new shares are absorbed. It certainly seems to be building a base and the low float is certainly a good thing. I would rather see slow and steady than a rocket that will just crash back down to earth the next day. I do agree, they need to get the word out more, their news is barely found anywhere. And, yes, I am in this stock :)
Well, I hope it is not and I hope you all make a lot of coin, just BE CAREFUL! :)
Yup, it has momo, just as PTOG did. I just hope people take their profits while they can, that is all. And yes, I am afraid the SEC is going to be looking at a lot of the MJ stocks. Not saying it is right, just could be a scarey fact.
If I were you guys and I am not in this stock, I would be really careful. Did you see how many different names this company has had and the last change was in February of this year. This could get halted just as easily as PTOG did today! The SEC is going after the MJ stocks, so PLEASE be very careful. Yes, it might go to a dollar, but if it gets halted, especially the newbies will get hurt. Best to all of you. But don't forget a bird in the hand is worth........ :)
LOL- thanks- I actually decided to sell pre-market- ya know, a bird in the hand....................thanks WILD :)
Do you have any idea where this stock should now be valued with the agreement? Thanks :) WILD
And - threes a charm :) This just came out on Barchart :) WILD
BUYINS.NET Updates STWA, Inc. SqueezeTrigger Report
By Staff - GlobeNewswire via CMTX - 8 mins ago
Related Stocks
ZERO - Save The World Air I
Sym Last Chg Pct
ZERO 0.6700 -1.2200 -64.55%
-- Approximately 40 Million Total Shares Shorted Since August 2009
-- Short Squeeze Has Begun as Stock Above $0.50 SqueezeTriggerNEWPORT BEACH, Calif., Sept. 26, 2012 (GLOBE NEWSWIRE) -- BUYINS.NET, http://www.buyins.net, a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance, has updated coverage on STWA, Inc. (OTCBB:ZERO) after releasing the latest short sale data through September 25, 2012. The total aggregate number of shares shorted since August 2009 is approximately 40 million shares. An average of 31.94% of daily trading volume is short selling. The SqueezeTrigger price for all (OTCBB:ZERO) shares shorted is $0.50. A short squeeze has begun as ZERO is above its $0.50 SqueezeTrigger Price.
Click Here For Report: http://www.buyins
And this article came out from the company yesterday at 4:30 ET, found it on Barchart. I have a feeling Mr SHORT is going to get caught with his pants down! BAHAHAHAHA! Serves him right! Two good articles right after his bashing one GLTA WILD :)
STWA Announces Results of Shareholder Meeting Updates on Further Technology Commercial Progress Achieved
Marketwire via CMTX - Tue Sep 25, 3:24PM CDT
Related Stocks
ZERO - Save The World Air I
Sym Last Chg Pct
ZERO 0.6700 -1.2200 -64.55%
STWA, Inc. (OTCBB: ZERO) ("STWA" or the "Company"), a developer of applied solutions for oil and fuel delivery systems in the multi-billion dollar oil pipeline and diesel engine markets, announced today that both matters put to vote, the election of Cecil Bond Kyte, Charles Blum and Nathan Shelton as directors, and the appointment of Weinberg & Co. as the Company's independent auditor for the fiscal year ending December 31, 2012, were approved by shareholders at its annual shareholders meeting which took place on Friday, September 21, 2012.
During the shareholder meeting, attended by approximately 200 people, the Company presented updates on its continued progress with technology and commercial developments for implementation of STWA's Applied Oil Technology(TM) (AOT(TM)) oil pipeline viscosity reduction systems in both the U.S. and abroad. Highlights include:
-- High-level meetings with large pipeline and petroleum companies.
STWA
executives have recently had several high-level meetings and are at
proposal stage negotiations and under NDA with three large pipeline
and petroleum companies. These meetings have taken place both at
STWA's headquarters in Santa Barbara and in various cities in North
America and abroad. Many of the locations are recognized oil and gas
centers. Due to non-disclosure agreements that have been signed, the
identities of these pipeline and petroleum companies shall remain
confidential until commercialization contracts or letters of intent
are signed.
-- Phase II AOT(TM) commercial testing using a functional pipeline set
to begin in China in October.
The Beijing Heng He Xing Ye Technology
Development Company (TDC) has invited STWA to bypass the pipeline loop
test and to proceed directly to commercial testing of AOT(TM) in
China on a functioning in-use pipeline. TDC was able to accelerate
approval of this change with the Chinese Government based on the
strong results that AOT(TM) has already shown in testing at the
United States Department of Energy's (DOE) Rocky Mountain Oil Testing
Center (RMOTC), the laboratory testing conducted at the China
Petroleum Pipeline Bureau's (CPP) PetroChina (CNPC) Pipeline Science
and Technology R&D Center located in Langfang (See:
http://ir.stockpr.com/stwa/press-releases/detail/173/stwa-successfully-completes-lab-testing-aot-in-china-schedules-field-test-for-august
), and the pressing need that China has today for a technology like
AOT(TM). STWA's commercialization partner, TDC, has already
identified a commercial pipeline where AOT(TM) may be installed. We
are seeking agreements with that commercial pipeline for testing. The
AOT(TM) has arrived in the field and is awaiting installation, which
requires STWA staff to be present.
-- Commercial manufacturing is on track.
STWA management reported that
manufacturing of the first AOT(TM) 2.0 commercial unit is in
production and its supply chain is meeting its scheduled manufacturing
milestones. The initial AOT(TM) 2.0 units will be used for
implementation in pilot programs on commercial pipelines in the U.S.
and abroad. The Company is also in the process of evaluating
manufacturing partners for a fast ramp-up of production, should pilot
programs lead to larger unit quantity orders.
-- Temple University: Total patents increase to 35.
At the shareholder
meeting, Mr. Stephen Nappi, Director of Technology Development and
Commercialization at Temple University, spoke about Temple's
commercialization relationship with STWA and noted that it has the
potential to be one of the more promising technology transfer
opportunities for the university. Mr. Nappi also stated that the
number of pending and issued patents filed domestically and
internationally on the AOT(TM) technology, which is being
co-developed by STWA and Dr. Rongjia Tao of Temple University has
increased to a total of 35.
As a result of STWA's research agreement with Temple University,
more advanced R&D work and additional field testing is being
conducted at the U.S. Department of Energy's RMOTC in the U.S. and at
facilities in China.
-- Ryan Zinke attests to need for AOT(TM) technology.
Montana State
Senator Ryan Zinke, who was a guest speaker at the shareholder
meeting, shared his first-hand experience with the Bakken formation,
located in Montana. He stated his commitment to U.S. energy
independence and that the U.S. has more than enough oil to not only
achieve energy independence but also to export oil to other countries.
He pointed out our nation's challenge now is to put in place the
infrastructure and technologies to most efficiently move this oil to
points of use. Senator Zinke is a supporter of STWA and is making key
introductions to help move AOT(TM) into commercial implementation.Cecil Bond Kyte, CEO stated, "We have never been more confident of our prospects for STWA. Having built our team and our technology to critical point, we believe that commercial sales and revenues are in our near future. I thank all of our loyal shareholders who attended our annual meeting, as well as all of those who were unable to attend and continue to support our company and our mission."
About STWA, Inc. STWA, Inc. develops and commercializes energy efficiency technologies that assist in meeting increasing global energy demands, improving the economics of oil extraction and transport, and reducing greenhouse gas emissions. The Company's intellectual property portfolio includes 24 domestic and international patents and patents pending, which have been developed in conjunction with and exclusively licensed from Temple University. STWA's technologies include Applied Oil Technology(TM) (AOT(TM)) which is designed to improve oil flow through pipelines. AOT(TM) has been proven in U.S. Department of Energy tests to increase the energy efficiency of oil pipeline pump stations. ELEKTRA(TM) improves diesel engine efficiency for industrial diesel engines, as well as diesel-powered trucks, trains, marine vessels, military fleets and jet turbines. More information including a company Fact Sheet, logos and media articles are available at: http://www.stwa.com.
Safe Harbor Statement This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release.
Investor Relations Contacts:
Mr. Andrew Haag
Managing Partner
IRTH Communications, LLC
Tel: +1-866-976-IRTH (4784)
E-Mail: Email Contact
Website: www.irthcommunications.com
Company Website: www.stwa.com
Mr. Jeremy Roe
Managing Partner
Integra Consulting Group, LLC
Tel: +1-925-262-8305
E-Mail: Email Contact
Website: www.integraconsultinggroup.comSOURCE: Save The World Air, Inc.
http://www2.marketwire.com/mw/emailprcntct?id=E4322BD50CD1820F
http://www.irthcommunications.com/
http://www.stwa.com/
http://www2.marketwire.com/mw/emailprcntct?id=8D3E2593DD7D5168
http://www.integraconsultinggroup.com/Copyright 2012 Marketwire, Inc., All rights reserved.
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I wrote to seeking alpha last night and this article just popped up in my inbox this morning :) A very good article with facts to back it up. I do hope this "Seeking Alpha" article hits the wires like the other one did! :) WILD
ZERO Has Strong Technology And An Achieveable Business Plan
September 26, 2012 | 1 commentby: Robert Steele | about: ZERO.OB Disclosure: I am long ZERO.OB. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. (More...)
STWA, Inc. (ZERO.OB) has a compelling technology and an achievable business plan to solve a big problem for a very large market. I worked in product development for the Company from 2008 through 2011. I am a shareholder. I am not currently employed by the Company. I was not paid to write this article.
My qualifications for the comments in this article regarding the technology are the degree I earned in Electrical and Computer Engineering at George Mason University and my subsequent work as a consultant for major Fortune 500 manufacturers of mining equipment and steam turbines. One of my areas of study was electromagnetic theory, the discipline used to design all types of devices from batteries to microwave ovens to cell phones to STWA's technology. My qualifications for my analysis of STWA's business execution are my five years as a public company CEO and my more than twenty years' experience as a corporate officer in several different industries.
First, the energy business actually uses an amazing amount of energy in the process of producing energy. In transporting crude oil, very large electrical pumps are used which consume a lot of energy. In order to reduce the energy needed for pumping and in many cases to simply make the oil flow faster to market, oil pipelines may be heated with natural gas. The heating of the oil makes it "thinner" or less viscous which makes it flow faster. Imagine a one to two hundred mile pipeline with gas burners all along the pipeline burning natural gas all day every day. That is a lot of wasted energy.
The other method for making crude oil flow faster to market is to include additives. Many pipelines use a synthetic additive called Drag Reducing Agent "DRA" or add kerosene or gasoline to the oil. In each case, additional pumping or removal and separation infrastructure is required which increases the energy and cost burden for transporting the oil.
STWA's advancement in this field is the AOT, Applied Oil Technology. I have personally worked with the co-inventor of AOT technology in the laboratory at Temple University. He is the current Chairman of the Physics Department at Temple University. When not assisting STWA, he also does research for the United States Navy and the US Department of Energy. In 2011, he gave a presentation on AOT at the 13th International Conference on Electrorheological Fluids. Electrorheology is the specific branch of physics that deals with how fluids behave in the presence of electromagnetic fields.
I was involved in building the test apparatus and have seen in person many, many tests of the AOT technology where crude oil of various different consistencies flowed faster through the AOT prototypes. Many of these test results are documented in scientific papers available on the Company's web site.
The way that AOT "thins" or reduces the viscosity of the crude oil is as follows. Crude oil passes through the AOT in a manner similar to how water might pass through a filter. Instead of filtering the crude oil, the AOT charges the particulate matter in the fluid with an electric charge. Crude oil contains both liquid and solid matter "in suspension" which means that the solids are not dissolved in the liquid. The electrical charge causes the particles in the crude oil to join together, making more room for the liquid component of the oil in a given volume of crude oil. This phenomenon "thins" the crude oil and reduces the viscosity making the oil flow faster. What is truly amazing and something I have seen first hand many times is the very small amount of electricity it takes to charge the oil and reduce the viscosity. The energy required to reduce crude oil viscosity with AOT is more than 100 times less than the energy required by heating the oil to get the equivalent reduction in viscosity.
After working with STWA and Temple University to demonstrate this capability to industry partners in the laboratory, I then worked with STWA to set up the initial field tests of the prototype unit at the Rocky Mountain Oilfield Test Center. I worked with the CEO and COO of the Company to brief the commercialization partner who built the field prototype. I have been to the RMOTC test site and seen the AOT in the oil field.
I have spoken with pipeline field engineers from major pipeline operators who know from decades of experience that electromagnetic fields improve oil flow in pipelines. Pipeline operators will often deploy magnets on pipelines to reduce waxy buildup. The AOT is a large scale commercial implementation of that same phenomenon.
On the achievability of the Company's business plan, I have also spoken to executives at major pipeline operators who have acknowledged to me that there is a need in the marketplace for a product that can reduce oil viscosity at less energy expense than current methods. I believe that the Company is executing a well thought out strategy of including major pipeline operators and equipment manufacturers in the design and commercialization of the product. I have spoken to their representatives and have seen and heard the enthusiasm for the technology.
Additionally, the Company CEO is an experienced oil and gas investor who understands this market and has made a substantial personal investment of years and money in the Company. He has built a management and administrative team that have also now invested years in commercializing this technology. Lastly, the Company is unique in that it has hundreds of individual shareholders who have supported the company, some for more than a decade. Product development often takes time and money. In my view the management team and many shareholders of STWA have demonstrated that they are deeply committed to the commercialization of this technology.
In conclusion, I have personally seen the underlying AOT technology reduce the viscosity of flowing crude oil many times on many different occasions. I have been involved in demonstrating the technology to many industry experts with decades of oil pipeline experience who have all indicated that they believe that it is completely scientifically possible to scale the technology into commercial saleable units that can be deployed on pipelines around the world. The company is currently focused on executing its business plan to complete the commercialization and market adoption of the AOT technology.
Additional disclosure: I have worked in the past as a consultant to the Company. I am not currently working with the Company.
Hans actually wrote in support of ZERO. The person who wrote the article goes by "infitials". I wrote to Seeking Alpha and told them I think the contributor should be investigated! It is simply shameful! WILD :)
That "AUTHOR" just made a bundle! They were short ZERO so there was a motive to the article. If it was unbiased, that would be one thing, but they weren't................and the little investor is just following the HERD and running towards the exits without even realizing that the "AUTHOR" is a manipulator............. WILD :)
Regardless of whether it is or is not- didn't anyone notice SEEKING ALPHA's disclaimer at the beginning of the article?
Their disclaimer- " I AM SHORT ZERO" talk about fraud! They whisper SEC and HALT and they make a ton of money! WHAT A JOKE....
I have made money off of the zero ride- but this type of thing from "SEEKING ALPHA" is fraud- THEY should be investigated! WILD :)
LOL- it's "MISS" Buddy ;) Thanks for the info- just gotta be patient :) WILD
Does anyone have any idea when our shares will become unlocked? I thought it was 10 days. Does the TA have a limit as far as time goes? Thanks :) WILD
Yes, I am hoping for a possible bounce, but I am afraid everyone might just dump when all shares are unfrozen. Yo well............ ;) WILD
Does anyone know when the shares become UNFROZEN? Scottrade still nothing. Thanks, WILD :)
Most welcome :) Figured it might be good to know, especially SEAC, since they are accumulating and I think the o/s on that is around 32ml :) WILD
For anyone interested NIA just came out with their TV Everywhere stocks. The list is below- they are accumulating SEAC
NIA's rating on TV EVERYWHERE STOCKS 5 HIGHEST 1 LOWEST
SYNC 5 (highest) holds substantial position
SEAC 4 holds 33,000 shares and is accumulating
HLIT 4
ENVI 3
BCOV 2
ROVI 2
TIVO 1 (lowest)
For anyone interested- here is the breakdown of NIA's list of TV Everywhere Stocks from the PDF file- for what it is worth ;) WILD
NIA's rating on TV EVERYWHERE STOCKS 5 HIGHEST 1 LOWEST
SYNC 5 (highest) holds substantial position
SEAC 4 holds 33,000 shares and is accumulating
HLIT 4
ENVI 3
BCOV 2
ROVI 2
TIVO 1 (lowest)
Hi Snizzle- thanks for being nice. I get why they did it and now I will take a DEEP BREATH and hope for the best and really hope they will end up being a good company- :) WILD
INVESTORS? I stuck with this company for a VERY long time and I just got my stock SHOVED in my face! Keep funding Lenny and Duane, help them live the lifestyle they want. If they CARED about their investors, they would have bought back shares, NOT done the R/S. It is as simple as that. I believed everyone on this board that they would NEVER do a REVERSE. I have certainly learned my lesson. And I thought this was a STOCK board not a MLM board? I hope you all get very rich...........................
UNBELIEVEABLE!!!!!!!!!!!!!!!!!!!!!!!!! And I actually believed everyone that Lenny and Duane CARED about their shareholders- I could kick myself in the a*s for falling for this. Just keep putting money in their pockets- that is it for me! They are living large while the little followers and shareholders get SCR*WED! I feel SO PROUD :)
Hi there, I don't usually post, just read. I have been holding LKEN for quite a while and maybe I am wrong, but according to info on Scottrade, LKEN did a R/S back in 2007 1 for 2000. Maybe Lenny had nothing to do with it, maybe it was before Lenny and BELIEVE me I am hoping they don't do another one, a buy-back would be much better. I really hope you guys who have influence on Lenny let him know how BAD it would be to do a R/S. THANKS! WILD :)
I am sure you know, but maybe some others don't, that SO MANY Penny Stocks are total shells with no business at all. At least they do have a product and if I do a search on the internet I find a number of places selling it. All I can say is time will tell.
I also don't know if I have ever seen a stock fall so hard so fast. I have seen a lot of them plummet, but not this badly. Eventually, it will bounce, the question is where and of course how high.
AND as always, never put money in stocks that you can't afford to lose- like the guy in here that had to pay his mortgage! Ya just can't do that! :) WILD
Glad you called them. I know there are a ton of people convinced this is a total scam, but I am not. Obviously from pennies to over $2 was a major pump. True, they might have had some questionable investors, but that isn't new! I am sure the backers of a lot of start-ups aren't all squeeky clean. And, a lot of these pennies along with the big stocks, allow for the initial funders to make a lot of money. AND, anyone thinking they are going to put together a lawsuit and get their money back, NOT. The lawyers are the only ones getting rich on that angle.
And yes, I do think the stock could go to a penny, at which time I will buy a big chunk of it. It may end up going down, down, down, but if you play it right you will end up FINE. No stock is a sure thing, but I do think it is very possible that these guys are trying. I also think it is SO oversold that eventually it will bounce back to some extent.
Thanks for the info- EASY MONEY :) WILD
Has anyone ever called them? Just curious- thanks, WILD :)
Jim, there is no sure thing in the stock market and you should never risk money you can not afford to lose, ESPECIALLY with the pennies. I certainly don't think, unless there is good news AND the E is gone, that there is any possibility of this thing doubling in just a few days. Yes, it could happen, but doubtful. If you are at that much of a risk, you might want to sell. Can you afford for it to keep going down? Never risk money you can not afford to lose. I hope it works out for you, I really do :) WILD
I will be in DC visiting my Mom the middle of June. I will do two things, find the guys in Maryland and listen for that radio commercial :) WILD
Good post and I am sure some are ROFL- as they will post later. Some people who say they are OUT of the stock and have been for a while, I don't know why they are even on this board? People are going to flip this, people are going to trade it, but I think it will go up, maybe not tomorrow- and most likely when no-one expects it to. It amazes me HOW impatient some people are. Should still be a very interesting ride :) GLTA
LOL
Ask already up just a little for tomorrow, I have a feeling people are putting in orders tonight ;)
Well said! I must say, I haven't seen too many stocks go down so far so fast as this did. I felt that it was way oversold, several days ago, but just kept going down. It was nice to see it turn green today and even nicer now that it is being followed again, WILD :)
If it went to a buck, I would be thrilled, but with APS behind it, it might really take off! :) WILD
Hi there, I don't usually post- BUT a lot of people said they were going to leave this in the dust and wait for the APS next pick ( I do know someone in here said maybe APS will revisit this- good call! YOU WERE RIGHT!!......................... I just got an alert from APS and they are re-visiting SNPK!!!!! good luck to all - could be a FUN RIDE!!!!!!!!!!!!!! Below is the message I just got, I am sure a lot of you will get it too and I think everyone will be scrambling to grab shares. If there are shorts they are going to be covering quickly. I think THIS IS AWESOME!!!!!!! And yes, I have a position in SNPK, WILD :)
Today's pick is:
Hi Everyone,
We rarely revisit picks but we think that SNPK is at absolute bargain levels right now and it could bounce very high as the company has big things lined up on the agenda.
The company still has its $9 target price (which is 4,000% from current levels) and strong buy recommendation issued by the research firm. The company also still has Paul Silas, Burt Reynolds, The Portland Trail Blazers, and The Dayton Dragons on its side.
SNPK also has plans to: get Clotamin into almost 500 Walgreens locations + in up to 11,200 stores thanks to the AACSA + in pharmacies across Russia and in over 100 other retailer/pharmacies around the nation!
Clotamin is also now available nationwide online on Amazon, Walgreens, and Ebay!
SNPK is still associated with Acosta (the company that works with Walmart, and Target) Both of these huge names could be very beneficial in moving Clotamin off the shelves!
Those of you who did want to buy SNPK but thought it was trading too high can buy SNPK for just a little under 20 cents!
It looks like SNPK has bottomed and there could be huge upside from this point on starting tomorrow!
Happy Trading!
Your AwesomePennyStocks Editor.
From my experience, whenever a stock splits forward or back, you get the split as long as you are holding the stock up to the physical stock split. And it is always so obvious, because the stock changes price. I have had stocks "held up" in my account where I can't see any change, but also can't do anything with them until the split is in effect and has cleared my broker. But, the price on the ticker was always the after split price. So, unless they are doing something extremely unconventional, I would think that until the stock splits, you would get the split, but I certainly am not sure. They are talking about it like a dividend, not like a split. Any ideas, I am all ears. Thanks :) Full disclosure, I am not in this stock, although was thinking about it.
Portage Resources Inc. Provides Corporate Update on Previously Announced Forward Split, Property Samples and Recent Events
LIMA, Peru, Aug. 12, 2011 /PRNewswire/ -- Portage Resources Inc. ("Portage" or the "Company") (POTG-OTCQB) provides a corporate update to their shareholders in regards to recent events, forward split information, sampling programs and other recent events.
The Company had previously announced a forward split of the shares of the Company on the basis of 10 new shares for every 1 share held, with a record date of August 8, 2011. At that time, the Board of Directors approved the forward split requiring a surrender of shares. Please be advised that the correct process in respect to the approved forward split does not require a record date to determine eligibility, and it is now understood that FINRA will set an "Effective" date for the forward split which will be used to determine shareholders of record who will receive the shares from the forward split. From the Effective date, our common stock will have a new CUSIP number which will denote the forward split shares, allowing industry to identify pre-split shares (bearing the old CUSIP) from post-split shares, bearing the new CUSIP. As stockholders, you have no requirement to contact the transfer agent or to deliver shares to the transfer agent or the Company. Your eligibility for forward split shares is automatically determined based on the Effective date by FINRA, and electronically recorded. If your shares are on deposit in a brokerage account, you will automatically receive the appropriate number of new shares. If you are physically holding a share certificate, when you deposit or send in your shares for transfer, you will automatically receive the correct number of split shares upon transfer.
We thank you for your calls and questions and hope that this will clarify the forward split. FINRA has all of the required documentation to effect the forward split and we are waiting on FINRA to advise the Effective date.
I am in it. This had a forward split in March, 4 for 1, I would expect it to dive down, they usually do. But, after some time, turn around. Looks like it is at it's all time low and you would have to times that by 4, so it is really low right now :)
Figured I should post the news :)
News for 'FRXP' - (GreenWorld Appointed to Assist Development of Solar Energy in Bulgaria)
WEST PALM BEACH, Fla., May 23, 2011 (BUSINESS WIRE) -- Florida based GreenWorld
Development, Inc., (OTCBB:FRXP) the American-Irish "Green and Health
Technologies" conglomerate has been appointed as consultants with regard to a
194 MW solar supply in Bulgaria.
Ireland based EGI Energy Generation (Irl) Limited, a supplier of renewable
energy, has appointed Greenworld Development, Inc. as consultants. EGI agreed
with Bulgarian interests for 194 MW of solar electricity supply, of which the
first 25 MW plant is contract ready. EGI is providing energy solutions for all
sectors through the appropriate use of Turbine, Solar Panels and Solar PV
system.
GreenWorld Development, Inc. is negotiating with various funding groups for
"turnkey" finance for the project ($4.5 million per MW). Bulgaria State
Electricity Board is guaranteeing a 20 year Feed-In-Tariff of 37.3 cent (Euro)
per KW/hours. Greenworld will receive a commission of 0.75% per MW investment,
which will amount (once all of the 194 MW are installed), to $6.5 million plus
5% equity participation.
Bulgaria, an emerging economy, has been a member of the European Union since
2007 and is best positioned for solar energy production. The average annual
yield of sunshine in Bulgaria is about 2150 hours; the average solar radiation
resource is 1517 KWh/m. This yields an overall potential solar energy for the
country of approximately 13103 Ktoe per annum. These results underpin the
expected solar plant profitability with an approximate IOR of 19%.
NEWS THIS MORNING :)
Hi there- does anyone know what the SEC filing was yesterday? I can't open the file- thanks, Wild :)