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SADIF Analytics releases new summary due diligence report for AVANIR Pharmaceuticals
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2010-06-22 09:56:17 - SADIF-Investment Analytics has applied its StockMarksâ„¢ stock-rating system to AVANIR Pharmaceuticals and produced a report, rating the company's attractiveness to long-term investors.
Ilhavo, Portugal – SADIF Investment Analytics, announces a new summary due diligence report covering AVANIR Pharmaceuticals (AVNR). The report uses SADIF's powerful StockMarks™ stock rating system and contains important analysis for any current or potential AVANIR Pharmaceuticals investor.
Report Summary: AVANIR Pharmaceuticals is a low quality company with a neutral outlook. AVANIR Pharmaceuticals has weak business growth and is run by
inefficient management. When compared to its closest peer, ArQule, Inc., AVANIR Pharmaceuticals shows greater undervaluation and is equally likely to underperform the market.
The 8-page report breaks down the Total StockMark into its three components – business, management and price, performing an in-depth analysis of AVANIR Pharmaceuticals for long-term investors.
The report has been distributed to Thomson Reuters. It is available in Investext from multiple professional platforms including Thomson Research, Thomson ONE Banker, DIALOG/INTELLISCOPE, Thomson Gale, West Services, Advisen, Alacra-Datadownlink, Factiva, INTERNET SECURITIES and LEXIS/NEXIS or directly from SADIF-Investment Analytics at:
www.sadifanalytics.com/stockmarks/company.php?tickerr=AVNR&cod_c ..
About SADIF-Investment Analytics:
SADIF-Investment Analytics is an independent investment research company covering sixteen different markets and over 12,000 companies. The StockMarksâ„¢ system is based on proven investment principles and is designed to drive long-term shareholder returns.
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G'Day Mates.
Aussie
AVANIR Pharmaceuticals Announces Zenvia Review Timeline Established by FDA with PDUFA Date of October 30, 2010
ALISO VIEJO, Calif., May 17, 2010 - AVANIR Pharmaceuticals, Inc. (NASDAQ: AVNR) today announced that the U.S. Food and Drug Administration (FDA) has acknowledged receipt of the Company's Complete Response to the October 2006 Approvable Letter for Zenviaâ„¢ (dextromethorphan/quinidine) in the treatment of pseudobulbar affect (PBA). The FDA considers this a Class 2 response and has assigned a Prescription Drug User Fee Act (PDUFA) goal date of October 30, 2010.
'If approved, Zenvia will be the first FDA approved treatment available for patients suffering from PBA,' said Randall Kaye, AVANIR's Chief Medical Officer. 'We look forward to working closely with the agency during the upcoming months through the remaining stages of the review process.'
ABOUT PBA
Pseudobulbar affect (PBA) is a neurologic condition characterized by involuntary, sudden, and frequent episodes of laughing and/or crying in patients with certain underlying neurologic diseases or injuries. PBA episodes typically occur out of proportion or incongruent to the underlying emotional state. In addition to the burden of the underlying neurologic disorder, PBA can be disabling, which may depend upon the frequency and severity of the laughing and crying episodes. The etiology of PBA is not completely understood but the symptoms of PBA are similar across patient populations. The pathophysiology of PBA is widely believed to involve injury to the neurologic pathways that regulate affect. PBA is estimated to occur in 49% of patients with ALS, in 10% of patients with MS, in 11% of patients 1 year after suffering a stroke, and in 11% of patients after a traumatic brain injury. There are currently no FDA approved treatments for PBA. Further information about pseudobulbar affect can be found at www.PBAinfo.org.
ABOUT ZENVIA
Zenviaâ„¢ (dextromethorphan/quinidine) is a combination of two well-characterized compounds: the therapeutically active ingredient dextromethorphan and the enzyme inhibitor quinidine, which serves to increase the bioavailability of dextromethorphan. This first-in-class drug candidate is believed to help regulate excitatory neurotransmission in two ways: through pre-synaptic inhibition of glutamate release via sigma-1 receptor agonist activity and through postsynaptic glutamate response modulation via uncompetitive, low-affinity NMDA antagonist activity.
ABOUT AVANIR
AVANIR Pharmaceuticals, Inc. is a biopharmaceutical company focused on acquiring, developing, and commercializing novel therapeutic products for the treatment of central nervous system disorders. AVANIR's lead product candidate, Zenvia, has completed a confirmatory Phase III trial in the treatment of pseudobulbar affect (PBA). AVANIR has filed an application for regulatory approval in the PBA indication and expects an FDA approval decision in the fourth calendar quarter of 2010. The Company's first commercialized product, Abreva® (docosanol), is marketed in North America by GlaxoSmithKline Consumer Healthcare and is the leading over-the-counter product for the treatment of cold sores. AVANIR has also completed a Phase III trial of Zenvia in patients with diabetic peripheral neuropathic (DPN) pain. Further information about AVANIR can be found at www.avanir.com and further information about pseudobulbar affect can be found at www.PBAinfo.org.
FORWARD LOOKING STATEMENTS
Statements in this press release that are not historical facts, including statements that are preceded by, followed by, or that include such words as "estimate," "intend," "anticipate," "believe," "plan," "goal," "expect," 'project,' or similar statements, are forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from the future results expressed or implied by such statements. For example, there can be no assurance that the U.S. Food and Drug Administration (FDA) will meet expected review timelines or approve Zenvia for any indication. Risks and uncertainties affecting the Company's financial condition and operations also include the risks set forth in AVANIR's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, and from time-to-time in other publicly available information regarding the Company. Copies of this information are available from AVANIR upon request. AVANIR disclaims any intent to update these forward-looking statements.
AVANIR Pharmaceuticals, Inc.
Investor Relations:
Eric Benevich or Brenna Mullen, 949-389-6700
ir@avanir.com
----------------------------
G'day Mates,
Aussie
Scott+Scott LLP New Case Alert
TO: INVESTORS
FROM: SCOTT+SCOTT LLP
DATE: NOVEMBER 4, 2009
RE: NEW SECURITIES CLASS ACTION FILED- AVANIR PHARMACEUTICALS, INC.
Summary of the Case:
A securities class action has been filed against Avanir Pharmaceuticals, Inc. (LDAKA; AVN; AVNR) (" Avanir" or the "Company") on behalf of all securities purchasers from July 1, 1995 through October 31, 2006, inclusive ("Class Period"), in the United States District Court for the Southern District of California.
The complaint alleges that Avanir Pharmaceuticals, Inc. (formerly known as Lidak Pharmaceuticals) is focused on acquiring, developing, and commercializing novel therapeutic products for the treatment of chronic diseases. Its lead product candidate, Zenvia, is being developed for the treatment of pseudobulpar affect ("PBA"), a neurological disease that causes sudden and unpredictable episodes of crying, laughing, or other emotional displays.
On October 31, 2006, Avanir disclosed that the FDA had issued an "Approvable Letter" indicating that Avanir's New Drug Application ("NDA") for Zenvia was approvable, subject to Avanir satisfying the FDA's concerns about the safety and efficacy of Avanir. This Approvable Letter, which Avanir's then CEO called a "negative surprise", was a far cry from the statements defendants made during the relevant time period, in which defendants all but guaranteed that the FDA would approve the NDA for Zenvia. Not surprisingly, when the truth was revealed, the price of Avanir's shares collapsed to as low as $3.98 per share, down 54% from the previous day's closing of $7.40 per share. Today, Avanir's stock trades around $1.80 per share and over the last few years has been dangerously close to being de-listed.
The FDA's approvable letter was hardly a "surprise". Avanir had known for months that the FDA had serious concerns about Zanvia's safety and efficacy. Avanir hid this information from the Company's shareholders because after suffering a serious setback on one of its other drugs, Avanir was on the verge of collapsing. Avanir had a very small revenue stream and was dependent on financing its operations through sales of its stock. In order to stoke investor confidence in the Company, Avanir needed to paint a positive picture as to the prospects of Zenvia. If Avanir disclosed to its shareholders that the FDA had safety issues with Zenvia, the resulting reaction from the marketplace would have been devastating to Avanir's share price.
Class Period: July 1, 1995 through October 31, 2006
Lead Plaintiff
Deadline:
TBD
Date Filed: October 30, 2009
Court: USDC- Southern California
Please contact Scott+Scott LLP either via e-mail at scottlaw@scott-scott.com, call (800) 404-7770 or (860) 537-5537, or visit our website at www.scott-scott.com if you would like further information about this lawsuit.
As a courtesy, Scott+Scott LLP provides all investors who contact the firm with updated information on new as well as ongoing cases by periodically emailing alerts regarding case investigations, new securities and ERISA cases, settlements and litigation updates. If you no longer wish to receive these notifications, you may unsubscribe from this list by clicking here.
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G'day Mates,
Aussie
AVANIR Pharmaceuticals Schedules Conference Call to Discuss Phase III Results for Zenvia™ in Pseudobulbar Affect
ALISO VIEJO, Calif., August 10, 2009 - AVANIR Pharmaceuticals, Inc. (NASDAQ:AVNR) plans to announce the top-line results from the confirmatory Phase III STAR trial of Zenvia in pseudobulbar affect (PBA) before market open on Tuesday, August 11, 2009. AVANIR management will host a conference call and webcast that same day at 5:00 a.m. Pacific time / 8:00 a.m. Eastern time to discuss the results of this clinical trial and answer questions.
The live call can be accessed by dialing (877) 558-3407 for domestic callers and (706) 679-1941 for international callers. The conference ID number is 24703376. A webcast of the live call can be accessed by visiting AVANIR's corporate website at www.avanir.com. To view the live webcast, please go to AVANIR's website prior to the start of the call to register, download and install the necessary software.
An archived copy of the webcast will be available on AVANIR's website for 7 days, and a telephone replay will be available through August 17, 2009, by dialing (800) 642-1687 (domestic) or (706) 645-9291 (international) and entering the conference ID number 24703376.
About AVANIR
AVANIR Pharmaceuticals, Inc. is a biopharmaceutical company focused on acquiring, developing, and commercializing novel therapeutic products for the treatment of central nervous system disorders. AVANIR's lead product candidate, Zenvia, is being developed for the treatment of pseudobulbar affect (PBA) and has successfully completed a Phase III trial for diabetic peripheral neuropathic (DPN) pain. AVANIR has licensed its MIF inhibitor program to Novartis International Pharmaceuticals Ltd. and has sold its anthrax monoclonal antibody program to Emergent BioSolutions. The Company's first commercialized product, Abreva® (docosanol), is marketed in North America by GlaxoSmithKline Consumer Healthcare and is the leading over-the-counter product for the treatment of cold sores. Further information about AVANIR can be found at www.avanir.com and further information about pseudobulbar affect can be found at www.PBAinfo.org.
To be included on AVANIR's e-mail alert list; click on the link below or visit AVANIR's website: http://www.b2i.us/irpass.asp?BzID=958&to=ea&s=0
AVANIR Investor Contacts
Eric Benevich
Brenna Mullen
949-389-6700
ir@avanir.com
or
Media Contacts:
Porter Novelli
Holli Dickson, 619-849-5380
hdickson@pnlifesciences.com
or
Kara DePolo, 619-849-5382
kdepolo@pnlifesciences.com
-----------------------------------
G' day Mates,
Aussie
"Welcome to the board, lets have some great discussions with regards to Green Energy/Technology Companies..." Those words were addressed to this board with the fist post. What extremely hollow words they actually turned out to be. Unless FASC was discussed, there was nothing else to discuss. And, in all honesty, FASC has not yet proven to any investor's satisfaction that it is an actual Green enery/ Technology Company in any sense of the word.
Many posts were added about other companies and countries. Yet, they were never, ever discussed. Once the fasceteers disappeared, so to went this false board.
It cannot be stated that there isn't enough material about Green Energy/Technology Companies, as there are many reported weekly in the Renewable Energy Focus E-News. However, FASC is never shown in any of their reports. One wonders why?
It would serve all if Matt Brown would put this board out of its missery and delete it.
Of course...
IMO.
Aussie
Alcoholic fuel cells?
NEW MEXICO, USA, January 6, 2009. Teams of researchers and scientists in New Mexico are exploring the possibility of using biofuels such as ethanol for fuel cells.
A grant from the Department of Energy’s (DoE) EPSCoR programme has brought together research faculties from the University of New Mexico, New Mexico State University, New Mexico Tech and Eastern New Mexico University as well as researchers from Los Alamos National Laboratory and Sandia National Labs to explore the possibility of making usable fuel cells from ethanol.
The grant amounts to US$750,000 per year for up to six years for the research groups, which wish to find out whether ethanol can be reformed to produce hydrogen. If possible, they will build on the results to explore how direct electrochemical oxidation of ethanol might work. The research is expected to result in a new family of materials.
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-----------------------------------------------------------
G' day Mates,
Aussie
US solar PV activity rising
WASHINGTON, D.C., USA, January 6, 2009. The US solar photovoltaic industry saw a 50% increase in shipments in 2007, according to a report from the US Energy Information Administration (EIA), part of the Department of Energy (DoE).
The overview report “Solar Photovoltaic Cell/Module Manufacturing Activities 2007” show that the industry is now more than ten times the size it was in 1998.
There was a 53% increase in PV cell and module shipments totalling 517.7 MWp in 2007. Crystalline silicon cells and modules still dominate the market with a 60% share of all shipments, but thin-film has seen a doubling to 202.5 MWp since 2005. Concentrated PV made up on only 1% of shipments.
Total revenue from PV cells and module shipments grew 49% from US$1.16 billion in 2006 to US$1.72bn in 2007. The average price for modules decreased by about 4% to US$3.37/Wp, but for PV cells, the average price increased more than 9% to US$2.22/Wp.
More than a third of the shipments were for the domestic US market with the commercial sector receiving 50% of deliveries. Imports made up 46% of the total shipments.
There were 46 US PV manufacturers and/or importers in 2007, compared to 41 in 2006 and direct employment in the industry has risen by 53% to 6,170 people. Of the 46 companies active in 2007, up to 19 are expecting to introduce crystalline silicon products, up to six companies are planning to introduce new thin-film products, and two companies are expecting to provide new CPV products in 2008.
The report touches upon the silicon shortages that have come as a result of a booming industry, but says the supply problem has led to innovation for using silicon more effectively and efficiently through thin-film technologies.
---------------------------------------------------------
G' day Mates,
Aussie
DoE: US$200m for biorefinery projects
WASHINGTON, D.C., USA, January 6, 2009. The US Department of Energy (DoE) has announced up to US$200 million over six years (2009-2014) to support the development of pilot and demonstration-scale biorefineries.
The funding, which is subject to annual appropriations, would go to biorefineries using feedstock such as algae, and production of advanced biofuels such as bio-butanol, green petrol and other innovative biofuels.
“This funding opportunity will look for the most promising technologies that can advance the potential of renewable biomass as a resource for second generation transportation biofuels,” says Acting Assistant Secretary for Energy Efficiency and Renewable Energy John F. Mizroch. “The Department of Energy will select breakthrough integrated biorefinery projects that have technical and economic performance data at the bench or pilot scale to prove they are ready to move a step closer toward commercial readiness.”
The funding is for two topic areas of biorefinery development:
- Pilot-scale, minimum throughput of one dry tonne of feedstock per day with a minimum non-federal cost-share at 3%.
- Demonstration-scale minimum throughput of 50 dry tonnes of feedstock per day, with a minimum non-federal cost-share at 50%.
DoE anticipates making approximately 5-12 awards under this announcement, depending on the topic area, and size of awards. The intent is to have integrated biorefinery projects at the pilot and demonstration scale levels operational within three to four years after applicants are selected.
All projects must be located within the US, use feedstock from domestic biomass resources, and demonstrate significant greenhouse gas (GHG) reductions on a lifecycle basis. The funding adds to the over US$1 billion DoE has committed to research, development, and demonstration of cellulosic biofuels technology.
--------------------------------------------------------
G' day Mates,
Aussie
Landmark agreement on renewables, but EU climate change package underwhelms
BRUSSELS, BELGIUM, December 12 2008. News coming out of Brussels sees the renewables industry breathe a sigh of relief as EU Heads of State leave the renewables directive largely untouched, but other parts of the EU's package that are supposed to deal with climate change - namely carbon trading or "cap and trade" - will not be so lucky.
While the headline 20% reduction in Greenhouse Gases by 2020 was always considered untouchable, the cost of achieving this has led to fierce negotiation and self-interest from Eastern European countries such as Poland, not to mention the huge industrial lobby in Europe. And in a stunning u-turn from earlier versions of the Bill, industrial sectors such as cement, chemicals and steel will now receive free carbon emission permits at least up to 2020, instead of having to buy them under an auction scheme, as previously planned.
The concession represented a victory for Germany, by far Europe’s largest manufacturing nation. It means that revenues from the EU’s auction procedures – once forecast to hit €50bn a year by 2020 – are now expected to be closer to €30bn. This will minimise the incentive for cleaner technologies, not to mention give a huge windfall to recipients of the free permits, argue many experts. And for central and eastern European countries such as Poland that are burdened with highly polluting power sectors from the communist era, a deal was struck that will ease the financial pain of switching to a low-carbon economy.
When it comes to the renewables directive however, the news is far better. The main 20% by 2020 target is still in place, and all of the original Member States' burden sharing targets have survived. There had been fears that last minute mischief making from the Austrian Government - who had decided to question the Austrian national objective of 34% of renewable energy share in final energy consumption by 2020 - would put at risk the agreement on the RES Directive reached by the Council, the European Parliament and the European Commission.
But this was resolved, along with some other major sticking points that came to the fore in the last few weeks: A controversial 2014 "review clause"- demanded by the Italians and the source of much anger from renewables activists who saw this as a potential red light to those that would invest in the renewables sector - did make the final cut, but crucially all individual Member State targets (not to mention the headline 20% by 2020 target) are set in stone and cannot be changed, regardless of the clause.
On renewables trade, Member States will also be able to decide themselves whether (and to what extent) they will engage with other Member States, rather than have mandatory trading forced upon them, something that could have endangered national support schemes. And also on the thorny issue of biofuels a compromise of sorts has been thrashed out, say sources: the 10% transport target has been retained, but this will include cars and trains running on electric power (electric cars count 2.5 times towards the target due to increased efficiency), while the European Commission is to report within two years on the impact on land use of biofuels and on their "sustainability."
"The Renewables Directive is a breakthrough for the deployment of renewables in the EU providing binding EU targets and a stable long-term investment framework," highlights Dirk Hendricks, Director of the EU Liaison Office of the World Future Council.
-------------------------------------------
Aussie
SunPower and City Solar sign 100 MW agreement
SAN JOSE, CALIFORNIA, USA, December 9, 2008. SunPower Corporation has signed a customer contract with German solar power plant integrator City Solar Kraftwerke AG.
Over the next three years, SunPower will provide City Solar with solar panels and commercial rooftop and ground mounted systems. This includes at least 100 MW of SunPower's high-efficiency solar panels, the SunPower T10 Solar Roof Tile for commercial rooftop installations, and the SunPower T0 Tracker and SunPower T20 Tracker for utility-scale, ground mounted systems.
The SunPower T10 Solar Roof Tiles are non-roof penetrating and tilt at a 10° angle to increase energy capture. The SunPower Tracker is a single axis design that enables solar panels to automatically track the sun's movement throughout the day, increasing sunlight capture by up to 25%. The SunPower T20 Tracker increases sunlight capture by up to 30% over conventional fixed-tilt systems.
-----------
Aussie
EU renewables deal in doubt?
Stop press: Deal agreed - story will be updated shortly.
BRUSSELS, BELGIUM, December 11 2008. Despite widespread celebration and media reports that complex negotiations surrounding the EU renewable energy directive had apparently been brought to a successful conclusion with a deal done and dusted, those close to the process aren't taking anything for granted.yet.
And it seems that they are right to be cautious - as rumours surface that Austria has thrown a last minute spanner in the works. According to European Renewable Energy Council (EREC), the Austrian Government has decided to question the Austrian national objective of 34% of renewable energy share in final energy consumption by 2020, and thus "put at [risk] the agreement on the RES Directive reached by the Council, the European Parliament and the European Commission".
This would come with massive disappointment after the past few weeks' frenetic activity. There had been initial fears that some major sticking points would not be resolved before the end of the French Presidency in a few weeks time, but on this front at least the fear seems to have been unfounded. A controversial 2014 "review clause"- demanded by the Italians and the source of much anger from renewables activists who saw this as a potential red light to those that would invest in the renewables sector - has apparently made the final cut. But crucially all individual Member State targets (not to mention the headline 20% by 2020 target) are set in stone and cannot be changed, regardless of the clause.
On trade, Member States will be able to decide themselves whether (and to what extent) they will engage with other Member States, rather than have mandatory trading forced upon them, something that could have endangered national support schemes. And also on the thorny issue of biofuels a compromise of sorts has been thrashed out, say sources: the 10% transport target has been retained, but this will include cars and trains running on electric power (electric cars count 2.5 times towards the target due to increased efficiency), while the European Commission is to report within two years on the impact on land use of biofuels and on their "sustainability."
With this in mind, there had been widespread reporting of a "successful conclusion to the negotiations" from lobby and industry groups and NGOs, but some advise caution, pointing out that until the new document has been ratified by Heads of State, last minute problems and negotiating positions - such as that from Austria - are still likely to arise. But with COP 14 taking place this week in Poznan, Poland, EU ministers are now being urged to put an end to the speculation and quickly sign up to the Renewables Directive, something that will see Europe serve as an example to the world on what needs to be done to seriously help address climate change.
"The Renewables Directive is a breakthrough for the deployment of renewables in the EU providing binding EU targets and a stable long-term investment framework," highlights Dirk Hendricks, Director of the EU Liaison Office of the World Future Council, "Heads of EU Governments need now to stick to their commitment."
--------------------------
Aussie
Wind dying down?
LONDON, UK, December 4, 2008. The global economic turmoil has started having an impact on the wind energy industry in Europe, according to Frost & Sullivan, who say some companies are cutting down forecasts and production for 2009.
“The current economic situation is slowly affecting the wind energy industry,” says Frost & Sullivan Research Analyst Gouri Nambudripad. “We are going to see a slowing down of the double-digit growth rates that were witnessed in the past few years. Some market players are reducing their aggressive production and development targets and this is going to trickle down the supply chain”.
This situation could have positive effects, however, like a reduction in turbine prices and the reduction of delivery times of components leading to a more balanced demand-supply situation.
In the last three or four years, the demand for components has been growing tremendously. To secure supplies of critical components such as gearboxes and bearings, wind turbine producers have been resorting to various strategies such as vertical integration and signing long-term contracts with suppliers and sub-suppliers.
Calmer times ahead
With the current financial situation, however, the strategies of the component suppliers as well as those of turbine manufacturers will be different, considering a slowing down of demand of turbines and thereby the components for those wind turbines, the analyst writes.
The new reality will foster a fiercer competition between the suppliers turning into a growth opportunity for those who are capable of reducing their costs and prices faster. Other factors contributing to the fall in prices include falling prices for raw materials and construction services.
The sharp decrease in raw materials prices such as steel and copper will inevitably induce the decrease in equipment prices. For example, steel prices reached a record high in June-September 2008 for then to crush down to December 2007 levels in less than three months. Not only are the prices affected but also the delivery times as steel mills are starving for new orders and the lead times on new orders have reduced dramatically.
The decrease in raw materials and component costs coupled with the on-going government support extended to green energy industry is likely to sustain the demand for wind turbines but it is paramount for the industry to maximise the performance of the existing assets and address the remaining technical issues. In doing so, the wind industry is likely to emerge stronger and fitter when the crisis is over.
-------------------------------
Aussie
Any one interested in real companies out there helping with green/alternative energy, here are IHub board sites of some of those companies:
http://investorshub.advfn.com/boards/boards.aspx?cat_id=159
Aussie
Energy boards seems to die fast on the Hub. Here's one that posted Alternative Energy Charts. Unfortunately, there seems to have been very limited posting. Much like what'ss happened to this board since it just became a front for hyping one certain losing stock.
http://investorshub.advfn.com/boards/board.aspx?board_id=12687
Aussie
Found this old piece of news, Not a very good sign for ethanol producers.
Alternative Energy ethanol company shutting down
Jun 26, 2008 (The Kansas City Star - McClatchy-Tribune Information Services via
COMTEX) -- Alternative Energy Sources Inc. is ceasing operations after being
unable to expand its ethanol management consulting business and failing to raise
money to build an ethanol plant.
The Kansas City ethanol company, in a filing Wednesday with the Securities and
Exchange Commission, said it would take a $3.1 million charge for closing the
business, including $2.5 million associated with its proposed ethanol plant in
Boone County, Iowa.
Alternative Energy said its remaining employees will be "furloughed" next
Tuesday. The company did not provide the number of workers.
Mark Beemer, chief executive officer, will also serve as chief financial officer
as the company winds down.
After a board meeting Monday, four company directors resigned: Lee L. Blank, W.
Gordon Snyder, John D. McNamara and A. Michael Espy, who served as agriculture
secretary during the Clinton administration.
Ethanol companies have struggled recently as financing has dried up and corn
prices have risen. Another Kansas City ethanol company, Ethanex, filed for
bankruptcy earlier this year.
Alternative Energy signaled in April that it would have to cease operations if
it didn't find financing and said it was concentrating on expanding its
consulting business. In May, the company sued Louis Zehil, a Florida attorney,
for $1.65 million for allegedly engaging in insider trading of the company's
stock.
To reach Steve Everly, call 816-234-4455 or send e-mail to severly@kcstar.com.
-----------------------------------------------------
Aussie
Don't know if any of you saw this. If interested, there is a website show in the body of the message.
Join Sustainability Thought Leaders at Free Online Conference!
What
www.VirtualEnergyForum.com is a FREE online conference and trade show for green building and renewable energy professionals. At this event you will be able to view live presentations, network and share contact information with other attendees, and browse virtual booths of energy innovators.
Topics: Sustainability, alternative energy, clean technologies, green buildings & manufacturing & more.
Questions answered via live video by 40+ energy leaders, such as:
Joseph T. Kelliher, Chairman, US Federal Energy Regulatory Commission
James E. Rogers, CEO, Duke Energy
David J. Manning, Chief Environmental Officer, National Grid
Senior executives from Delta Controls, Hess, Johnson Controls, Pacific Gas and Electric, Siemens, Staples, Steelcase, Yale University, and more
When
Wednesday December 10th and Thursday December 11th, 9 am to 7 pm EST.
Who
Fortune 500 energy executives, public policy leaders, & innovators of energy products & services.
Where
It all happens online at www.VirtualEnergyForum.com. Register now, then return & Login December 10 & 11, 2008 to experience this live, interactive event, all from the ease of your PC!
--------------------------------------------
Aussie
Any post about real Green Energy/technology Companies and their contributions to the world or their environments locally would be appreciated.
Aussie
"Gulf Ethanol to Host Fortune 100 Energy Company"
Here's the link, try finding any mention of FASC.
http://www.marketwatch.com/news/story/gulf-ethanol-host-fortune-100/story.aspx?guid=%7BB5E3D499-FB31-4039-82BF-7D8C617639C7%7D&dist=hppr
You won't, as it's only for real Energy Companies which FASC can't compete with.
Of course...
IMO.
Aussie
"Regarding green energy companies.....
This is new on the FASC website....
http://www.fasc.net/cellulosic-ethanol.php"
Yep, open it up folks and it says a lot about FASC. ABSOLUTELY NOTHING. lol.
Of course...
IMO.
Aussie
Did these ever occur?
Jul 14, 2004 First American Scientific Corp. signs collaboration agreement with Mitsui in Japan
And, one the cpa doesn't remember
Jun 7, 2004 First American Scientific Corp. finalizes joint venture agreement for the sale of KDS equipment in Malaysia
Of course...
IMO.
Aussie
Once again, the old "apples and oranges" and "DUH!" tricks.
The so-called current Korean deal is not with the same firm, is it? Time will tell if those machines to the new one ever get delivered. And, lets not forget they have to be "tested," a major downfall for FASC over the many, many years.
Again, are the two sold to Malaysia to the same firm? Lets assume for arguments sake they are. Isn't that a far cry from thirty, or five a year? And, you most certainly do have an idea. Why you bragged about it for months. Maybe you'd like some of your old posts about it posted here.
Let's see:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=3996802
TJ.......indeed, and not to mention the Malaysian project, and what may be happening with Japan/Mitsui.
Wrong again! There was a first Japanese deal and even the contract was included in the quarterly report. You do have a short self-serving memory. And, it was, I believe, with none of the firms you mentioned. I'll do some digging later and jolt your memory.
Hmmm! For a deal you "supposedly" don't remember, why would you have written this?
Interesting little tidbit from the Mitsui press release, that hasn't been discussed much.
http://www.fasc.net/newsrelease/04-07-14.htm
"Mr. Kantonen, Chairman of First American Scientific Corp., is pleased to announce that FASC has signed an agreement with Mitsui Engineering and Shipbuilding Co. Ltd. (MES) who will conduct a feasibility study into the marketability of the KDS Micronex System in Japan and evaluate the opportunity of venturing into a licensing agreement to introduce the technology to the Japanese market. In addition, MES has agreed to undertake all necessary steps to file and protect First American's patents in Japan."
The top of one's head must be balding. Oh, yes, we've all read about those "supposed" deals.
Of course...
IMO.
Aussie
By terryhallinan on another failing FASC board:
Note: FASC isn't mentioned at all in Brazil. "Brazil and Scandinavia may be next, we'll have to see." LMAO.
Controversy, Benefits of Brazilian Sugarcane Based Ethanol Chemicals and Fuels
http://biz.yahoo.com/iw/080909/0431671.html
This market blurb might have some items of interest for FASC shareholders:
As the Brazilian ethanol industry plans to boost ethanol demand abroad and expand markets, industry participants Cosan, SA (CSAN3.SA) (CZZ - News), Industrial Biotechnology Corporation (Other OTC:IBOT.PK - News), the EPA, John McCain and The Brazilian Sugarcane Industry Association comment on the benefits of sugarcane ethanol.
Brazil is expanding its production and will harvest 12% more cane than last year, with plans to increase ethanol exports 25%. Brazil is currently the second largest producer of ethanol in the world, after the US...
According to Antonio Henrique Prado, manager for International Business Development of Cosan (CSAN3.SA), a Brazil-based company active in the production of sugar and ethanol, "Currently 10% of Cosan's revenues are related to ethanol exports. Even though exports are growing, the robust domestic demand for hydrous ethanol (due to the increasing Brazilian flex-fuel fleet) will likely keep exports importance within Cosan's revenues mix stable in the near term. Over the medium and long-term, exports importance tends to increase."
He notes Sugarcane ethanol provides several advantages over other feedstocks.
He also goes on to say, "The challenge for the Brazilian ethanol industry is to boost ethanol demand abroad, which can be achieved by clarifying the benefits related to sugarcane ethanol adoption and developing alternative suppliers.
"It is our opinion that the current US import tariff on Brazilian ethanol exports compromises the country's capacity to diversify its fuels supplier base and ultimately drains resources from American taxpayers."
Presidential candidate John McCain recently quoted in an interview with a Brazilian newspaper stated, "We made a series of mistakes by not adopting a sustainable energy policy, one of which is the subsidies for corn ethanol, which I warned in Iowa were going to destroy the market and contribute to inflation. Besides, it is wrong to tax Brazilian-made sugarcane ethanol, which is much more efficient than corn ethanol."
EPA Administrator Stephen L. Johnson recently announced the decision to deny a request submitted by the State of Texas to reduce the nationwide Renewable Fuels Standard (RFS). As a result, the required total volume of renewable fuels, such as ethanol and biodiesel, mandated by law to be blended into the fuel supply will remain at 9 billion gallons in 2008 and 11.1 billion gallons in 2009...
By: hypehater
09 Sep 2008, 01:31 PM EDT
Msg. 209011 of 209019
(This msg. is a reply to 209010 by TRCPA.)
Jump to msg. #
LOL! This company has had plans in so many different industries and applications for 10 years I've completely lost track. Ranging in everything from processing zeolite which fell through to processing sludge which has yet to demonstrate success to processing fish pies for cows in the field and everything else in between.
This operation can't perfect one legitimate application and yet you expect investors to buy into the crap that this POS is gonna be a player in cellulosic ethanol? LMFAO!
The only ones that buy into that nonsense are pumpers and drones that still take anything this company at face value.
This is all the truth TR and it's reflected in the share price and lack of interest in what has become a monumental scam and failure.
--------------------------------------------------------
For ten years TR, you have been feeding FASC boards about the KDS and every NEW APLLICATION they supposedly come out with and you expect REAL investors to now swallow the more recent news. LMAO.
Of course...
IMO.
Aussie
Sorry, this would have been a double post by accident.
Of course...
IMO.
Aussie
By the way, I own a few shares of REAL in the Green Energy/Technology Companies. Also a couple uranium companies.A couple medical/related companies. A few mutual funds. A couple firms in China and a few in Australia. Finally, one in New Zealand. And, well you get the picture, I'm very diversified.
Of course...
IMO.
Aussie
Sorry di4 and $treet Trader. No offense meant towards this find board. I like the 'DAYTRADER'S FORUM' and just couldn't let worthless hyping go untouched. Will avoid it in the future. We'll make sure the young lady understands.
G' day Mates,
Aussie
NAH! Nice try. I own shares in many other good, quality stocks, along with just a few pennies. FASC has made me real good money going with its ups and downs.
Your first two paragraphs are just pure hype and the PRs have proven that over the years.
And, you shouldn't challenge on the company reports. Some of your past posts show you couldn't even get the "break-even analysis" correct along with a few other items.
Since June of 2000 you've been preaching about the up-coming company reports. So much so, many posters got weary and leery of reading about them coming and showing absolutely nothing.
Of course...
IMO.
Aussie
Yet another "consecutive post" --LMAO.
Not impressive for stock holders in since the beginning of that list. So far, it's a list of all FASC failures to their investors. All they have is empty pockets. In fact, two of them are dead. The list is accurate and so is my claim. Even you can't deny that.
As for your stab at it being in a hot sector. Totally unproven by FASC itself. As for renewable energy, again, not proven with a viable sale that has proven it over ANT time period. And, there is much bigger and better competition out there.
And, you can keep wondering if cellulose ethanol might be next on the list. So far, it's not on the list. Not saying they might not be in the infamous "TESTING LABS" working on it.
Glad to share the truth any time against the self-serving hyping of FASC.
Of course...
IMO.
Aussie
Don't be so miserable. There is no bash in that post. Just the plain truth with ACTUAL FACTS to back it up. Did you have facts when you stated "FASC rumour: It will be advertising on CNBC." Posters don't appreciate senseless hype.
To paraphrase you, HYPE HYPE HYPE that's all you do. What a miserable existence you must lead.
Money from anything really doesn't bring "true happiness." Thought you have known that by now.
Of course...
IMO.
Aussie
"Look for FASC to make a move in Sept."
YUP, now it makes sense why the PPS of FASC stock has gone from its August 1st high of $.055 to almost back to its May 1st low of $.02. FASC is making its move.
Of course...
IMO.
Aussie
Since you insist...
IMPORTANT!
ATTENTION POTENTIAL BUYERS OF FASC!
Check out the following list, nothing has yet to materialize.
Can you name another company with as long a list of failures as FASC?
Do you really want to put your money into a company like this? And, remember, the list really goes back to 1995 and, still zip, zilch, zero.
Don't be surprised if some of the news seems to be repetitive or "RE-CYLED" LOL.
Jan. 23, 2002 Announces arrival of KDS equipment in Montreal in preparation for Exfor Pulp & Paper Exposition
Mar. 1, 2002 FIRST AMERICAN SCIENTIFIC CORP and THERMIX announce that Hydro-Quebec Capitech Inc, the investment capital division of energy giant Hydro Quebec, one of the worlds largest hydro-electric power producers, has joined Alternative Green Energy Systems Inc (AGES) as an equity partner with an initial investment of $1,000,000 to assist in research & development, marketing and operations.
Mar. 25, 2002 Sale of KDS equipment in Ireland to open new markets in organics waste processing May 30, 2002 Announces that AGES has entered into a contract with Hollywood Park Racetrack of Inglewood, California, to provide a preliminary engineering study to build an electrical co-generation system designed to operate on racetrack waste.
July 31, 2002 First American Scientific to attend Environment Japan 2002 Import Fair in Osaka sponsored by JETRO and BC Trade Mission
Nov. 25, 2002 Sale of 3 KDS systems to a Vancouver Island waste management and recycling firm
Dec. 10, 2002 Atlantic Packaging Products Ltd. signs letter of intent to purchase KDS equipment.
Feb. 5, 2003 First American Scientific Corp -Update on activities in Japan
Feb. 10, 2003 Announce receipt of an additional investment of $400,000 from HydroQuebec Capitech Inc.
June 12, 2003 Wins competition for research grant awarded by United States Department of Energy
Nov 24, 2003 Announces plans to build a production facility in Princeton, BC, to produce micronized zeolite
Feb 23, 2004 Announces sale of KDS Micronex to Atlas Mining Company
Apr 06, 2004 First American Scientific Corp. (OTCBB:FASC) Announces Signing of a $5,000,000 Contract with Halliburton Group Canada.
Apr 22, 2004 Laboratory results confirming Pathogen Kill in KDS Micronex
Apr 29, 2004 First American Scientific Corp. (OTCBB:FASC) Announces sale of KDS Micronex to Firma Codogni in Poland
Jun 7, 2004 First American Scientific Corp. finalizes joint venture agreement for the sale of KDS equipment in Malaysia
Jun 14, 2004 First American Scientific Corp. (OTCBB:FASC) announces site acquisition and commencement of construction of zeolite processing facility at Princeton B.C.
Jul 14, 2004 First American Scientific Corp. signs collaboration agreement with Mitsui in Japan
Jul 26, 2004 First American Scientific Corp. (FASC.OB) selected to participate with the University of Tennessee in USDA Biomass Research Initiative
Sep 9, 2004 First American Scientific Corp. (FASC.OB) signs US$1M funding agreement with WRAP in the U.K.
Oct 8, 2004 First American Scientific Corp (FASC - OTCBB) completes installation of KDS Micronex equipment in Utah and Poland
Oct 28, 2004 First American Scientific Corp. (FASC - OTCBB) and AGES announces SDTC grant approval for KDS 3000 construction and installation
Nov 9, 2004 First American Scientific Corp (FASC - OTCBB) announces completion of construction of its zeolite processing facility in Princeton B.C.
Dec 16, 2004 First American Scientific Corp. (OTCBB:FASC) takes counter measures to stop "naked shorting" of its stock
Jan 12, 2005 First American Scientific Corp. announces sale of KDS equipment under Waste & Resources Action Programme ( WRAP ) in the UK
Feb 9, 2005 First American Scientific Corp. (OTCBB: FASC) files KDS patents in Japan
Mar 23, 2005 First American Scientific Corp. announces sale of KDS Micronex equipment in Asia
Apr 1, 2005 Progress Report on WRAP project in the U.K.
Jun 20, 2005 First American Scientific Corp. announces sale and installation of KDS Micronex MF-777 at first biomass co-generation power plant in Malaysia
July 5, 2005 First American Scientific Corp announces funding agreement for project to install new KDS3000 system at Flakeboard Company Limited in Canada.
Oct 25, 2005 First American Scientific Corp (FASC - OTCBB) announces signing of exclusive agreement to license KDS technology in Japan
Nov 18, 2005 First American Scientific Corp. signs agreement to license KDS technology and set up demo facility in Korea
Jan 17, 2006 First American Scientific Corp (FASC - OTCBB) announces delivery of first KDS Micronex to Yokohama, Japan
Feb 2, 2006 First American Scientific Corp. (OTCBB: FASC) Sells First KDS System to JNK Heaters in South Korea
Apr 4, 2006 First American Scientific Corp Signs Distribution Agreement With EnergyCabin at Globe 2006 Environmental Conference
Apr 18, 2006 First American Scientific Corp (FASC - OTCBB) announces signing of Joint Venture Agreement to Introduce KDS Technology in Brazil, Uruguay and Argentina
May 18, 2006 First American Scientific Corp (FASC - OTCBB) Announces Sale of KDS Equipment to Be Installed at Waste Water Treatment Plant in Seoul, Korea
Oct 2, 2006 First American Scientific Corp. Announces Sale of KDS Micronex Equipment to Nutritech Solutions Ltd. (NTS)
Oct 9, 2006 First American Scientific Corp. (FASC -- OTCBB) Announces Sale of the EnergyCabin to Nakusp Energy Corp
Nov 7, 2006 First American Scientific Corp Announces Commencement of Pilot Project at Municipal Waste Treatment Facility in the City of Anyang, South Korea -- Is this for real or are they yinging and yanging shareholders once again? LOL.
And, you can rest assure that any FASC PRs issued since will join this list.
Of course...
IMO.
You've picked FASC since Jan 24, 2006 and how many PRs have come true? Before that there is a long list of FASC PRs that never came to realization. What ever became of those Energy Cabins?
Since Jan. 23, 2002 isn't there a list of about 40 PRs that have not come to realization? And, haven't those same PRs, that were highly touted by FASC in their quarterly reports, all of a sudden disappear on subsequent quarterlies with absolutely no explanation to investors?
Would you care for the list of broken PRs?
Of course...
IMO.
Aussie
"...better yet buy some stock before news hits." when was the last time real news hit? Since June 16 FASC has had five PRs. I guess the investing public didn't think they were so real. Which has been the norm for FASC. PRs with no real meat to them. LOL.
Of course...
IMO.
Aussie
Hunches never replace good solid DD.
Of course...
IMO.
Aussie
YUP, now it makes sense why the PPS of this stock has gone from its August 1st high of $.055 to almost back to its May st low of $.02.
Of course...
IMO.
Aussie
Did you per chance buy any puts on Yahoo?
Australia is a beautiful place with wonderful people that just love Americans. You've got to go there some day. Give it a go Mate.
Jagman...I am intotal agreement. Yet the FASC gang doesn't have a clue they have a paid pumper amongst them. LMAO.
I can't alert them, as the monitors cried to Matt and had me banned again. The laugh of that is, there wasn't a violating posts on that board by me.
G' day Mate,
Aussie
I could give you two that will be much better than FASC and you don't have to be a paid pumper to own them.
Of course...
IMO.
Aussie
Jagman...Here's a laugh for you. There is a "PAID PUMPER" permeating the IHub boards. Do you recognize the name?
https://www.midweststockconsultingllc.com/Disclaimer.html
Board members beware.
G' day Mate,
Aussie
Australia is a beautiful place with wonderful people that just love Americans. You've got to go there some day. Give it a go Mate.
How many of you are aware there is a "PAID PUMPER" permeating the IHub boards?
Check this out, it is not for selling or buying; but, it does tell of a PAID PUMPER permeating the IHub boards:
https://www.midweststockconsultingllc.com/Disclaimer.html
FASC stockholders &Board members beware.
Of course...
IMO.
Aussie