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Well, I just "inquired" by searching for "metz" on their 10Q, and got nothing. But he does show up as Chief Development Officer on Yahoo's profile.
And this article in Biomass Magazine: http://www.biomassmagazine.com/articles/1665/canadian-green-fuels-aims-to-be-nations-largest-biofuel-producer
oops
One of the things that bothers me is they do have a photo of a rather fancy looking building next to the address in regina where the industrial building is located.
http://www.cleanpowerconcepts.com/contact.php
http://maps.google.com/maps?hl=en&pwst=1&um=1&ie=UTF-8&q=1620+mcara+street,+regina,+saskatchewan&fb=1&gl=us&hnear=San+Francisco,+CA&cid=0,0,796372626642993069&ei=RvpCTf-QGoz6sAPykMm0Cg&sa=X&oi=local_result&ct=image&resnum=1&ved=0CBQQnwIwAA
Not if the Chinese get 90% of the profit, while CPOW is buying all the meal and gets none of the oil.
And 90% of the board of directors are Chongqing.
Is it legal for a foreign company, a Chinese company, to own 90% of anything in Canada?
Bloomberg is showing short interest of 853,208. I assume that is current: http://www.bloomberg.com/apps/quote?ticker=CPOW:US
While that may sound like a lot, it works out to 3.5%.
On the other hand, that's about 2/3 of today's volume so far.
And just under 1/2 of yesterday's volume...
I don't see how a halt in Canada has anything to do with shorts whatsoever. Most short sellers live in the U.S., or Bermuda, don't they?
If it's such a good, solid, CANADIAN company, why has CANADA kept their citizens from trading in the stock for two weeks?
I've never seen a securities commission call 3 halts on trading - in a row - on a stock.
The Cease and Halt orders had absolutely nothing to do with any "shorts". The reason given for all of them was "failure to file".
That's how the BCSC listed them.
If they're having this much trouble with the BCSC, I don't think they're going to be able to fulfill their legal requirements for the deal.
I wonder what the Chinese think about this? Aren't they a very bureaucratic people?
From their consolidated income statement, cost of sales is 75%.
I didn't get it either.
And while technically CPOW acquired GBE, it was a reverse acquisition, i.e., GBE is (supposedly) actually running the show.
You know, I was going to comment, for the record, that after I stated that not one service posted the first halt order, I looked at the streamer here and saw it posted. However, I didn't see the new Halt order posted there, or anywhere, and that pisses me off.
That explains why it continues to slide, and the buy ratio has turned. The fully formed head-and-shoulders pattern doesn't help. It's now off the radar for those who trade on technicals - well, except for shorters.
This company came to my attention because I was looking over the OTCMarkets most active when it hit 40 cents. And I ran across this board Googling for info on the company.
Thanks for posting the new Halt order. I searched everywhere, including the BC Securites site, for anything new Monday, and found nothing. Nor did I find anything Tuesday morning. And I'm pretty sure I looked again after the market closed Tuesday night.
I posted here "No news is good news?" and not one person stated otherwise.
Well, now I see where Robert Goldman (was his name Robert?) got his $1-2 target. It was from this deal. My thumbnail estimate gives an earnings-per-share of between 0.72-0.93 (not including amortization and depreciation, which will be substantial).
If CPOW has 20 days from 15 Jan 2011 to get their ducks in a row to finalize the deal, and they're talking about business days, then the announcement should be made Monday, February 14th.
Disappointing action. I was expecting it to be well over .20 by now, pushing .30, and huge volume.
I'm feeling generous: http://www.canolacouncil.org/canolaprices.aspx
But keep in mind, those are Loonies, not Dollars.
So, where's it gonna open and how high is it gonna go?
I just calculated the earnings per share on that. What do you get?
Am I missing something or did the BC Securities Commission just save the shorts from a major squeeze?
BTW, thanks for posting the 8K with link.
I was looking over the press releases the other night. The first date announced was Nov. 30, and then it was Dec. 30.
This is not the way to do things.
And what is he agreeing to regarding the promoters?
I suppose the good news is the buy ratio has increased from about 1:5 to about 1:3.
I think you need to work out exactly how many shares you'd have to own to pay the bills before you start making retirement plans.
You think? It appears just quietly resuming trading on the Canadian Exchange is enough.
No news is good news?
What on earth is going on here? Down $1, 25%, today.
So, a "cease" is for an indefinite period of time, whereas a "halt" is only for 3 days?
In other words, they issued a "cease" until they got the filing for the KND announcement, upon which the "cease" was revoked and a "halt" issued while they look into things.
It appears Eagle and the Regina Leader-Post are correct: http://www.bcsc.bc.ca/comdoc.nsf/WebPolicies?OpenView&Start=1&Count=1000&Expand=1.6#1.6
Now what I'm angry about is the "Halt Trade" order is not posted on OTCMarkets. Or Zecco. Or Wells Fargo/WellsTrade. Or any other stock service of which I'm aware, including this one. Seems to me that is NEWS.
http://www.bcsc.bc.ca/comdoc.nsf/AllByUNID/9F93EAFE6FB06D438825781E000504C9?opendocument
The fact is that while the stock did continue to trade, the volume diminished on the 14th at 10:40am as if someone had turned off the faucet.
The website is not down. And it's looked like that for over a month: http://www.greengrotech.com/
You're right, it's the "leader-post", not the "ledger-post". By the time I realized the mistake it was too late to edit the post.
As for the rest, until I see something else to the contrary I'm assuming the "leader" is misleading.
I'm not trying to influence anything, just bringing things I find of interest to the table for discussion.
How is it you noted I misspelled the name of the publication and you didn't note that I stated that on the days the article claimed CPOW was under a "halt trade order" the stock traded millions of shares, and on at least one of those days was among the most actively traded stocks on OTCMarkets?
Perhaps your time would be better spent bashing the Regina MisLeader-Post into printing a correction than bashing me?
"palm it... this is old news. It is a NON-issue now."
You could be correct, but that is not what the article says.
It says a "halt trade" order was issued the same day the "cease trade order" was revoked.
Clean Power issued 'halt trade order' - Ledger Post | 21 Jan 11
http://www.leaderpost.com/news/Clean+Power+issued+halt+trade+order/4142299/story.html
By the way, the fact that the three paragraphs on their "About us" page are duplicated does not inspire confidence either.
"A lot of news is coming down the pipeline, or so I am told by those in the know."
Who might "those in the know" be? Inquiring minds want to know.
Normally, I would expect that to be a public relations disaster, to change the ex-div date. But the fact is, almost a month has gone by since the date without a word from the company about it, so they really can't do much more public relations damage at this point.
"the divy is common (but it is a new class)not the current class (no dilution), and the additional PS will be issued. And note: that the 250 million of issue only applies to the new class, and our current class will still have the same 100 million."
Dude, you're a riot.
"Continued consolidation from now through January"
ROFLMAO.
You're a riot.
If they meant business, they wouldn't have an image on their homepage that takes 5 minutes to load.
Nor would they have that cheesy black background.
I'm sorry, but the new website reminds me of a peep-show.
The old one was professional. This one is crap.
The centered text makes me wonder if a 5-year-old did the page layout.
It is NOT easy on the eye and it is NOT easy to read.
And I suspect the reason everyone dumped the stock is because the new website doesn't have the word "marijuana" or "cannabis" on the home page, or anywhere else.
People notice these things.
Probably the only reason people bought the stock in the first place, and particularly during the election, was because they stated they were running grows for several dispensaries or collectives.
That is no longer anywhere on their site either.
I think the new web design is CRAP.
The old one was a lot better.
I don't think you understand.
The stock currently traded will be Class B common.
The dividend Class B common shareholders will receive will be Class A common.
Additionally, there will be a "Preferred" class issued, which will not be a dividend for anything.
Mercurial Mike - thanks for the private reply. I'm a freebee and I don't expect that to change anytime soon.
Anyway, regarding "core margin", I've taken accounting courses, and worked as a full-charge book-keeper, and cost accounting...
So, I know there are all kinds of margins and it appears to me a "core margin" is not just any old generic margin.
Looking it up in the first online dictionary that came up when I Googled "dictionary" gives this definition for something which may or may not be what they mean by "core margin".