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UP ALMOST 5%
Well Hey, if you want to judge it like that; yesterday, the day of the meeting we were up nearly 5%. I'll take it!
Thanks for the reminder :)
Just simply an INCREDIBLE meeting. TransCanada is INVESTED with STWA & in the AOT heavily in many ways. They have "fully integrated" with STWA to achieve the desired results both parties want. TRANSLATION: NO WAY TRANSCANADA DOES NOT MOVE PASS THE TESTING PHASE on the Keystone pipeline they are testing on (not the XLII) & NOT INTEGRATE STWA'S AOT INTO ALL OF THEIR PIPELINES. First, the existing operating Keystone Pipeline which Mr. Bigger mentioned has been in operation for 5 years, and then from what I could tell the potential of the rest of their pipeline networks. Remember, the Keystone they will be on is only ONE pipeline within the enormous pipeline network that TransCanada owns & operates. The potential here is simply staggering. Also, once they have completed the manufacturing process once, I can see the manufacturing time being cut in half, and they potentially have more than one manufacturer to build these, heck maybe several, which could mean double or triple the production ramp. I'm so excited about where we are, and where we are on the verge of being. One thing with regards to not releasing the test results. The reason they will not release any info on either the test, or the actual built cost of the AOT is for a very important reason. To protect margins. STWA emphasized this because they don't want anyone, least of all their competition, to know what their margins are.
Also, LOTS of talk of STWA's new upstream design & application. I asked Mr. Bigger flat out if he sees the potential market for STWA for the "Up-Stream AOT" to be as big as the mid-stream AOT. His answer, without hesitation; was yes. "Do we have design & manufacturing specs for the Up-Stream AOT?" someone asked...Mr. Bigger glances at their lead attorney, and answers "yes. We do." He mentioned several times that he is in discussions at this very moment with oil companies about the AOT Up-Stream and that he could not talk about it. I got the strong sense that something is very imminent, but that is simply my speculation.
I thought to myself that this company by opening up another application design for a different part of the pipeline in the E&P section just doubled it's revenue potential. Not only will pipeline and oil companies be using the AOT in the Mid-Stream section of the pipeline, but now also at the Up-Stream section as well, closer to the well head where they drill for oil. It's almost like we just opened up an entirely new revenue source. Simply Awesome.
STWA LAUNCHES NEW WEBSITE
www.stwa.com is completely new.
Completely overhauled and updated. Looks fantastic.
One huge fact that Soxfan is leaving out:
He said Quote: "When they issue those convertible notes plus the same amount for warrants at least five or more times per year"
Mental Floss just hit on this but I think a little more explination is deserved. The FACTS are that STWA has stopped ALL offerings and have not raised capital at all in a long time, I think 2010/11 was the last offering. In other words, ZERO dilution, ZERO selling of shares since then. Warrants are simply for lack of a more precise description a "bonus" for taking on more risk earlier on in any given company's development. STWA is not "selling" these warrants, relying on them to stay afloat. The goal for the company (obviously) has always been to begin generating revenue. Which they have just begun. Granted it's only $60,000 per month, BUT IT IS REVENUE NONETHELESS. The companies first revenue stream as many would say. SF makes it sound as if STWA is still issuing convertible notes and warrants and they simply are not. They are taking in warrant money that was issued a long time ago, and investors are smart enough that STWA would not be collecting a dime if the company wasn't were it is today. Getting their first contract agreement and revenue.
Any monies that STWA take in are from people (who by their own volition) decide to exercise their warrants. Investors who think enough about STWA to put their hard earned money at risk, even after being invested in the company for MANY years. No one forces investors to invest more money into the company, it's completely thier own decision. Now, unless you think that all of the investors out there who are lucky enough to have warrants are completely unintelligent, and so much so that they mindlessly put their money at risk for six months (all shares even warrants are restricted for six months via sec rule 144), just because the share price is a little higher... I would say that several hundred accredited investors know how to invest better than you do.
Great thoughts as always "As I see it" & Perfection & Ease" and thank you for addressing the nay sayers. Your knowledge and common sense are much appreciated and put the focus on the facts. Right where they should be.
As for the sell off, may I add my two cents. I have been a shareholder for many years. It has been common knowledge between myself and the stwa investors that I know (most of which have a million shares each or more) that many people would sell at the $2.00 level "when the news hits." This could be just that. People who may have warrants due between now and the end of the year, and others who simply want to "sell the news" as they say. Personally, with 6 NDA's potentially turning into contracts at any time, I would be hesitant to sell any right now. But alas, I would have, and did miss timing the stock at it's high. But I am ok with that.
Hey Uncle Zero!
Well, I suppose you're a little bewildered by this sell off after the company just made it's biggest announcement in history. As far as NITE is concerned, other than JT I really don't know anybody who is experienced or brave enough to try to estimate what MM's will do. I myself simply adopt an "if this happens, then I do that" scenario.
Personally, I don't think your buys were misplaced, even if you did buy in the $1.70's or $1.80's. I'll just tell you what I've (and from what I can tell Armour is doing as well) (btw-great timing Armour!). Hopefully, you did not buy your WHOLE position in one day. NEVER DO THAT. If you did buy your whole position at a high price, simply hold ZERO for the long run, don't try to trade it. Ideally, you would own STWA/ZERO much lower, and JUST HOLD IT. If that is not possible, then this is what I recommend:
Always keep cash on hand. Hopefully you have a core position that you own a low cost basis, say, $1.00. If not, and you own it higher, like I said JUST HOLD IT and DON'T WORRY. This is a company for the long haul, and any buy made now, will be worth gold in a couple years. And don't worry about it.
Then, with a penny stock, if you are trying to acquire it, I would advise imagining a very bad sell off and where the price could go in the face of say, a short attack (yes, that low). Then, you put your order up GTC (good till canceled). Then, you simply wait for a very bad sell off. You may have to wait forever. I waited six months to get more shares in the .70's and .80's. When you say to yourself "Self, I can't freaking believe this stock is so low, what the devil is going on here?" THAT'S THE TIME TO BUY. Remember, the COMPANY is not the STOCK, and the STOCK is not the COMPANY. They are two entirely different animals. I learned that from Jim Cramer's book. The golden rule is "don't chase under any circumstances." It's good if you know how to place entries and exits. I recommend www.t3live.com. That's where I learned to trade. And Cramer's books on investing. I think he's a genius.
Personally, after STWA just released it's biggest and most important announcement in it's history, I am saying to myself, "self, I can't believe this is happening to the stock of this incredible company that just went from a zero revenue generating company to now a revenue generating company. Something is displaced here." So I bought some today. Always keep cash on hand. It makes you feel opportunistic and ready for a great opportunity should one occur. Could zero go lower? Sure it could. Best to be ready with cash to pounce when and if it does!
Hope that helps!
Great Article JT, another shining example of why Transcanada is so interested in the AOT.
Great Article JT, another shining example of why Transcanada is so interested in the AOT.
The AOT can help here. By reducing the viscosity of the oil and increasing the oil flow rate, TransCanada will be able to pump more oil through the pipeline because the oil will move faster.
More oil = more profits. This is what the AOT does, and this is why TransCanada is putting the AOT on the Keystone pipeline.
Amen to that, As I See It,
I believe that whole heartedly which is why I spent MANY hours on here, Raging Bull and Yahoo the last 6 months, making sure the voice of the other side was heard.
Vraiment- I am completely with you! And whole heartedly agree with everything you have said, and I would like to thank you for speaking for so many of us even if they don't post. I know they feel the same.
Perfection and Ease- I enjoyed your post so much, and I think we can all learn to relax and take a deep breath a little more now that we have been validated by a major player in the oil industry.
Man, can you say "MISSING THE BIG PICTURE??!!!!"
Sano and Sox: This company in a blink of an eye just went from a ZERO revenue company to a REVENUE GENERATING COMPANY. The biggest problem you had with STWA is that they had not produced any revenue in, what did you say, 15 years, and there was not a sign of industry adoption. Now you have both. WE NOW HAVE REVENUE. Transcanada is actually paying for the privilege to test the AOT. ON THE KEYSTONE PIPELINE no less.
Give me a break...honestly...some people wouldn't know a game changer if it bit 'em in the....
An absolutely lovely post JT! Thank you for correcting myself and others on here. I said there was 200M shares outstanding, what I should have said was the total ISSUE is 200M.
I have seen big board stocks shoot to $50 from $5. I watch CNBC religiously, and you see buy outs and acquisitions all the time where the shares shoot to the moon. So, on the OTC stocks, if one were EVER to be bought out by a major oil company I could see it EASILY go up 30,000% if it was a cheap stock.
I'm so excited about the 55 day prediction! I have had many hundreds of thousands of shares for long, long, long time. So I can't wait for your prediction to come true!
Wen, wait, so what happens if the stock goes down? I thought you could sell even if you let them borrow your shares? No? Better make sure, I'm not sure I would do it if you are restricted...
Wow that's a great rate! It's interesting because I had the impression that there were plenty of shares out there to short. JT recommended some free software with free level 2 called Prodigio, when I loaded zero in there it said that shares were available to sell (not mine). Shorting properly is an important and healthy part of the stock market, even the OTC market. Others on this board may disagree, but I say take it. Each to his own. Market makers and shorters held this stock down for years, and it was extremely frustrating for years watching this make some headway only to be manipulated all the way back down. I am confident that this no longer matters so much, and that if the company does continue to make progress the shorts will actually help us. I personally actually want a larger short interest these days. So I say heck, make money where you can. If you are lucky enough to be able to lend out your shares AND help create a short squeeze, AND get paid well for it, by all means.
Please let us all know how it goes!
Wen:
I just called my broker, and asked them what that was all about. they said that they do not lend out borrowed shares under $1 or there about. They also said that it's uncommon to pay so much to borrow shares on otc/penny stocks, but that being said, if they are, sometimes brokers short $1 stocks typically because they think the ticker is going out of business, and they short it to $0, IF the company goes out of business obviously. They said he has seen this a decent amount, and that they make a ton of $ doing it. But that's the gamble they are taking. So, are we in for another short attack?
They also said that 20% was on an annualized basis. So, if you're getting paid $100 a day that means you have about 200k shares? If so nice! Way to go! I think we should all share how many shares we own! Ok...you all go first...:)
Also, someone asked if your shares can still be lent out, even if you have a sell order up to sell your shares at higher prices. Mine is set at $100. However, I asked my brokerage firm for the second time if that will prevent one's shares from being lent out and they said "no, they only way to prevent that is to change the type of account you have from a MARGIN account to a CASH type of account." This is what they are saying, right or wrong. But JT says that that is NOT the case. JT says that the sell order is enough to prevent your shares from being lent out. I have put a sell order up for a long time now and did not convert to cash. Just letting all know what my broker said. I'm taking JT's word.
Sox, if you can't read a press release I honestly can't help you there. If you can't see what potential this company holds you are either slow or you are blinded by the fact that you NEED to hurt the reputation of STWA because you have something to lose by it's success.
Also, you obviously have experience in these matters as your company was under an MDNA with the largest oil company in the world.
So since you have been questioning me and think I work for the company, and I believe I have answered all of your questions with regards to where my info came from. Could you please do the same? It seems pretty obvious you work for a company that stands to get CRUSHED by the AOT. How do we know you do not work for or are a competitor who is trying to push the stock down so it doesn't get on the Nasdaq? Are you a drag reducing agent company? Without telling us the name of the company, what KIND of company do you work for or own?
STWA represents certain death for competing viscosity reducing companies. What are your motives Really? Are you trying to save us all from losing our 300% gain? Aren't you pumpersexposed & pumperdumper, who got banned or something?
It's no problem: I emailed Irth Communications to see what the Guggenheim filing was all about because I didn't know why an institutional investor would file such a form. Someone from the office told me. Then I posted it here, so others could know. That's all. Anyone here can do the same, or call Guggenheim. Like JT said, it just means STWA is on their radar, and it clears the way officially for them to buy the shares. It doesn't mean they have or have not bought any, but if JT says they probably haven't then I'd take his word. If you've spent any time on his site he is very knowledgeable.
With Regards to Guggenheim ETF investing in STWA;
Just to be clear, Guggenheim Investments are required to file that form, the "Mutual Fund Summary Prospectus," if they want to add STWA to that Canadian Energy ETF. Someone called them to find out for sure. It doesn't mean the will buy, but, why would they file something with the SEC if they weren't intending on buying some. And coincidentally, we did see some chunky buying the day after they filed that prospectus, which ran the stock up to 1.45/1.47. I personally think it was them, buying a starting position. They are a small ETF ($58M) so it doesn't mean just because they are an ETF that they have to be buying 1000 shares at a time. The volume was high for STWA that day. They're probably working on building a small position. Plus, don't you think it's a bit odd, that a Canadian Energy ETF filed a prospectus on STWA?? Also I think STWA is outside their parameters of 500 million market cap and $2 share price. I think the game's afoot. No one can influence a major financial firm to make an sec filing like that, sox. To me, this shows to the world (not to me) that STWA is for real and could sky rocket.
Sox: you asked:
"so you're not an employee yet hold warrants - did you do service for them and they paid you in warrants? How did you get warrants?"
I got warrants by investing directly with the company, like many on this and other boards did, when the company had direct stock offerings. The company has since stopped all offerings years ago.
You also said "a leopard doesn't change their spots", and I say that's completely untrue. If you knew the story about Cecil you know he was one of the biggest shareholders from early on. I heard over a million shares (although I can't confirm exactly how much). With such a large investment, he watched it go down the drain along with the rest of us when the bad management team was in place. As the story goes... (I got from many other shareholders several times over since I've been in this forever)...Cecil lead the charge in favor of the shareholders to replace Mueller and the rest of the bad eggs. At the shareholders meeting that year I hear it was battle for the ages to say the least. Mueller obviously didn't want to go, Cecil and a select band of warrior shareholders did the impossible and got the vote to get rid of Mueller. He and that same select group spent the next months getting rid of the rest of the bad eggs. I'm leaving out a TON of detail here but you get the picture.
So when you say "a leapord doesn't change their spots" I can't disagree with more. This leopard didn't just change his spots, it became a LION. Those spots revolted, then BOLTED. lol. When you know your CEO was at one time a losing large shareholder, and got in there and literally was instrumental in taking the company over because of bad management, you completely trust him because you KNOW he will ALWAYS have the little shareholder in mind.
This company has changed alright. Done a complete and utter 180. With Cecil at the helm, this company has been able to focus on what matters, and make HUGE strides from where they were. It's all been catch up to where the company should have been had they just had a legit CEO. With Cecil, STWA is now closer than ever before to realizing the potential of this technology.
Also, I must add, after living through that horrible experience with Jeffery Mueller and seeing so much of your investment go down the drain because of a scum bag scam artist and the SEC lawsuit; don't you think that anyone, but especially Cecil because he was a shareholder, would be careful as hell and follow the sec rule book to the letter and go out of their way to avoid getting in trouble? I don't know about you but I should as hell would.
So when you say this company is a scam I have to laugh because you don't know the story. You don't know what the current management has had to do to straighten this company out, and make progress on it's business plan. STWA has been through a war and come out the other side victorious. I trust Cecil with my hard earned money because he's got skin in the game, literally! By the way, I believe Cecil still has those shares, and as long as he has his. I'll have mine.
That's true Sano, you are correct. And I agree with you. Believe me, I'm not drinking any cool aid. They don't have a ton of time now. I believe they can raise another 8 million in warrant money, and that they said they have enough cash to last them until June of 2014. They did however say they they will not be raising cash from outside sources (to paraphrase). So, it is possible that they could raise cash without doing another stock offering and issuing more shares. Maybe from a private source, I don't know. But it's possible. I also agree that their burn rate to too high and that they are spending too much money. However, it takes money to make money, good people don't work for free and I like the management.
At the end of the day, while I don't like it, I won't care how much they paid themselves when it's all said and done IF and only IF they get a contract and some industry adoption. If they are on track for this I'm happy, because if they get just one contract that looks promising the possibilities and end market for this company and the AOT are almost endless. Enormous potential to put it lightly. NOT to mention if they UPLIST to the Nasdaq. Stocks are not always rational, and a stock like this could run up to $20 to $50 or higher just from uplisting. BUT, I like many who got in many years ago have more grey hairs then when we got in this. When I got in I was told "six months," & instead it's been six years, lol. When it didn't happen in 2 years I sold half my position only to seriously regret it. Luckily I had warrants that were still alive for 3 years. It looks like they are getting close, closer than ever before, and I have such a huge profit I can easily get out without a loss even if it goes to $.25 as I bought and sold many times over time. Always taking profits on the way up, and buying back on the drops.
I believe based on the info at hand that the AOT is real and that the technology is real and that it works. I understand you have your doubts. One of us will be right, that's for sure, and time is ticking away. Something will happen soon either way. You can just feel it's getting close. We have until next year. We shall see.
Sox fan: So, I contradict you and now I am an employee of the company eh??? Ha! What a joke! Yeah, I WISH.
1. NONE, not one of the current management have sold ONE share. If you look at the sec insider transactions-link:
http://www.sec.gov/cgi-bin/own-disp?action=getissuer&CIK=0001103795it shows not one person, including Edward L. Masry (R.I.P.) and Erin Brockovich has sold. The SEC websiteb shows that Masry Willed all of his shares to his spouse. Even if they did sell, it has no bearing whatsoever on the current company, because Masry is dead (RIP) and it only makes sense that Erin B. would have exited then as well.
3. 200 million is the total available shares to the company. They are not "issuing more at lower prices."
you said:
"just because they issued more stock and got more cash you do know I hope that the stock they are issuing is at much lower costs that current market value and if stockholders decide to sell then hold onto your seats as the floor is not that far from reaching when one has no revenue"
Oh I see, I guess what you were trying to communicate was that we should be afraid because those who will exercise their warrants from here on out could sell once they get their shares and tank the stock. Well let me educate you here a little bit. A VERY large percentage of ALL of the outstanding warrants have already been exercised or expired. In fact there are VERY few warrants left out there. That is measured by the total amount of either positive or negative shareholder equity, and STWA just flipped from a negative shareholders defiency, to a positive stockholders equity. From a recent PR:
"In its recently filed Form 10-Q for the period ended March 31, 2013, with the Securities and Exchange Commission, STWA reported a $6.2 million improvement in its shareholders' equity which increased to a stockholders' equity of $3.3 million in the quarter ended March 31, 2013, from a stockholders' deficiency of $(2.9) million on December 31, 2012."
So since most of the people who had warrants (like me) have already exercised they have had plenty of time to sell and tank the stock and it hasn't really happened. Sure the stock has gone down sharply a couple times, but that's a good thing and washes out all those "warrant holders" you are warning us about.
So, if you are trying to make the argument that the few left who have warrants will sell and that will tank the stock, there simply isn't enough shares out there to do that. Additionally, since I met many of those warrant holders at the shareholders meeting and on these boards, I am willing to bet that many are willing to hold their shares a bit longer because they see some future potential ;)
You don't now what your talking about soxfan:
you said:
"just because they issued more stock and got more cash you do know I hope that the stock they are issuing is at much lower costs that current market value"
The company DID NOT issue any more stock to bring in that cash you just mentioned. The cash was brought in by people exercising older existing warrants from offerings and investments by shareholders made years ago from the existing 200 million current total shares outstanding.
"Issuing stock at much lower prices" implies that they had another offering or created more shares outstanding larger than the current 200 million shares. They have NOT.
I found out exactly what the Guggenheim Investments filing is all about. By filing this sec form, they can now officially buy STWA stock. It doesn't necessarily mean that they haven't been buying already, it just now means that officially/legally they can own the stock in this ETF. Ticker ENY.
Incidentally, the Global Chief Investment Officer for Guggenheim Investments is Scott Minerd. He is one of CNBC's go-to guys for market perspectives. He is huge in the business, and I watch CNBC religiously and he is ALWAYS on The Closing Bell with Maria Bartaromo. I have to say if this firm, who is " rooted in the discipline of institutional money management" is buying this stock it won't stay quiet for long and we can say goodbye to the lower prices we've been used to. Now that there is a real institutional investor in there buying we will not be able to compete and get decent prices imo. I am both excited and sad this day has come. I have a lot of shares, but wanted to buy more lower. I doubt I will be able to do that now. Oh well! Time to enjoy! :)
I'M SHOWING 2 NEW ANNOUNCEMENTS ON STWA
1) NATHAN SHELTON FILES SEC FORM 4. ACQUIRING 22,936 SHARES
2) A MUTUAL FUND PROSPECTUS, FOR THE "GUGGENHEIM CANADIAN ENERGY INCOME ETF" NYSE TICKER SYMBOL "ENY"
Whaoa?? Anybody care to share what this ENY etf is all about? They must be acquiring the shares, that's who's been buying so much lately!
Woo hoo!! :))
It came up flashing on my level 2 for zero that I keep open. It said "ANNOUNCEMENTS (2)" so I clicked on my "NEWS" tab on ihub (I have level 2 through ihub). But I think it's free to see the news, here's the link:
http://ih.advfn.com/p.php?pid=news&symbol=NB^ZERO
I googled "why is a Mutual Fund Summary Prospectus filed with the sec?" and it looks like these ETF's now can voluntarily or they are forced to file changes of some sort with the SEC. I can't tell, but it looks to me like this ETF, which is described below is acquiring ZERO shares:
SUMMARY PROSPECTUS | EXCHANGE TRADED FUND
ETF
Guggenheim Canadian Energy Income ETF
NYSE ARCA TICKER SYMBOL
ENY
Before you invest, you may want to review the Fund’s prospectus, which contains more information about the Fund and its risks. You can find the Fund’s prospectus and other information about the Fund online at www.guggenheimfunds.com/etf. You can also get this information at no cost by calling (800) 345-7999 or by sending an e-mail request to etfinfo@guggenheimfunds.com. The Fund’s prospectus and statement of additional information, each dated September 28, 2012, are incorporated by reference into (and are considered part of) this Summary Prospectus.
AS OF 9.28.2012
Investment Objective
The Fund seeks investment results that correspond generally to the performance, before the Fund’s fees and expenses, of an equity index called the Sustainable Canadian Energy Income Index (the “Indexâ€).
As I see it:
Everything you said I agree with and I believe to be very true. I would also like to add something about the market cap you are making a case for.
He gave numbers with respect to profit margins and sales figures (I say he because I don't want to mention his name in case he is getting paid per mention). He made the assumption that you would need to sell 500 units in order to reach the $150M sales figure and net profits of 20M. Point blank that simply is impossible to assume. We can't guess what STWA's business model will look like or what their revenue stream would be. Will they be partnering with their customers by bringing in a % of what they save the pipeline/oil co's? Or outright sales of units? Or leasing agreements? Could it be different with each pipeline/oil co.? Additionally, we can't begin to guess what their profit margins will look like, which again depends on their business model.
Obviously, if their profit margins are higher, the less they would need to sell to reach the $20M net profits you talked about. In short, it's impossible to try to deduce how many AOT units will need to be sold or monetized in order to make a 20M profit, and by doing so he tries to make it look how "impossible" or "unlikely" your case for that market cap would be. To me this is just another scare tactic.
The one thing we DO know is that once they start bringing in revenue, it will most likely just be the beginning. And it won't be small. If the AOT starts being used it will be large sums that are being brought in, which makes your $20M net profit, and market cap scenario, and thus your $2.50 price target extremely realistic. At an appropriate valuation. Even with close to 200M shares outstanding.
As I see it: BRAVO! A fantastic post, and an articulate summary of what we all engender to this company. Myself, and I'm sure many others thank you for displaying the very realistic bull case so eloquently.
Thanks Myrka! That's a great list of posts you've compiled there! That must have taken quite a while to find them. Thank you for that. It's been a long time since I've read those, and it certainly is exciting to re-read them. In doing so, I'm reminded that even though we don't hear anything for long stretches sometimes, that the management team is motivated, and focused like a laser beam on their goals. Which is made apparent by the recent strategic updates that they have provided.
Considering the changes management has recently made to the corporate governance, and the substantial increase in shareholder equity, it would seem that we are closer than ever before to meeting all of the requirements set forth by NASDAQ for up-listing to the exchange.
I've done some more research too, just for my self but thought I'd share if anyone else wants to know. Here's an update of the list I created the other day:
FOR THE $3.00 INITIAL LISTING BID PRICE REQUIREMENT UNDER THE "EQUITY" STANDARD (VS. THE "INCOME" STANDARD)
1. Stockholders’ equity of at least $5 million
1a. STWA currently has $3.3 million. Not bad! We're getting there...
2. Market value of publicly held shares of at least $15 million
2a. Based on the total float on yahoo (154,300,000) x current share price ($1.10) = total market value of $169,730,000. It's interesting to note that the float is very close to the number of shares outstanding.
3. Two years of operating history
3a. Well we got that!
FOR THE $2.00 INITIAL LISTING BID PRICE REQUIREMENT:
1. Market value of listed securities of at least $50 million (this requirement and the price requirement must be met for 90 consecutive trading days prior to applying for listing under this standard).
1a. I'm a little foggy on what the Nasdaq means by "listed securities" as the definition of a listed security is one which trades on one of the main exchanges, NOT the OTC. "Listed securities could just mean the total number of shares authorized (200 million). However, no matter which metric of security you use, we will easily surpass the $50 million market value requirement, as all of the authorized, float, and total outstanding shares are so large.
2. stockholders’ equity of at least $4 million
2a. Currently at $3.3 million
3. market value of publicly held shares of at least $15 million
3a. Based on the total float on yahoo (154,300,000) x current share price ($1.10) = $169,730,000
FOR BOTH THE $2.00 & $3.00 INITIAL LISTING BID PRICE REQUIREMENT:
4. The issuer must also demonstrate that it has net tangible assets in excess of $2 million if the issuer has been in continuous operation for at least three years. If the issuer has been in continuous operation for less than three years, then the issuer must demonstrate net tangible assets in excess of $5 million.
4a. As of March 31, 2013 the company has $4.5 million is cash.
AN INTERESTING NOTE IN TERMS OF STAYING ON THE NASDAQ:
Currently, Nasdaq-listed securities are not considered penny stocks because of the exception for securities registered on a national securities exchanges that have initial listing standards that meet certain requirements, including a $4 bid price at the time of listing. In new Interpretative Material, Nasdaq states that an issuer that qualifies its securities for initial listing under the alternative price requirement would be monitored and could become a "penny stock" if the issuer fails the net tangible assets and revenue tests after listing and does not satisfy any of the other exclusions from being a penny stock. To facilitate compliance by brokers with the penny stock rules, Nasdaq will publish on its website, and update daily, a list of these companies that initially listed under the alternative price requirement but no longer meet the penny stock exclusion. However, if an issuer initially lists its securities under the alternative price requirement and the securities subsequently achieve a $4 closing price over at least five consecutive business days and satisfy all other initial listing criteria, the securities would no longer be considered as having listed under the alternative price requirement, and would no longer be monitored for compliance with the penny stock exclusion.
Ultimately, it doesn't look to me like revenues are required if the company is qualifying under the "equity" standard of these new, more flexible Nasdaq listing requirements. Although of course I hope we do have them before we up-list. Overall, we basically have already met all of the requirements to up-list (minus maybe some small changes in corporate governance). The outstanding warrants will take care of the rest of the shareholder equity easily. Remember that the company said that they are expecting another $8 million in warrants due. Very encouraging!
RE: UPLISTING- JF, I really liked your post reminding us all of what the current uplisting requirements are. I think it would be a good idea for the sake of clarity, and a constructive exercise to remind us and see where STWA is numbers-wise in relation to the uplisting requirements. And therefor which group of listing requirements STWA would be most likely to qualify for the quickest.
Has anybody done that work already? I'm pretty sure JT posted about this, but its buried under all of he messages somewhere.
First, let's take what we do know. As of the most recent press release, we know that STWA has $4.5 million in cash, and could possibly have an additional $8 million in cash this year if all the warrants get exercised; which in turn would add substantially to the positive shareholder equity. We also know that STWA currently has a stockholders' equity position of $3.3 million (and growing). Here's my source:
STWA said most recently in a press release, "In its recently filed Form 10-Q for the period ended March 31, 2013, with the Securities and Exchange Commission, STWA reported a $6.2 million improvement in its shareholders' equity which increased to a stockholders' equity of $3.3 million in the quarter ended March 31, 2013, from a stockholders' deficiency of $(2.9) million on December 31, 2012. The Company's cash position also increased by $2.9 million to $4.5 million in quarter ended March 31, 2013, from $1.6 million on December 31, 2012.
Here's a starter's list of what currently have; and what we need. Please help me complete the list, and add info to it.
1. Stockholders’ equity of at least $5 million
1a. STWA currently has $3.3 million. Not bad! We're getting there...
2. Market value of publicly held shares of at least $15 million
2a. We are negative on this if I'm correct because we have no earnings yet. Obviously you need earnings/# of shares company is offering to determine a market value per share. Or, is the Nasdaq referring to another calculation of market value? We need to be sure of this.
3. Two years of operating history
3a. Well we got that!
OR- do we think STWA would meet some of the other listing requirements mentioned quicker?
Anyone else who has thought this out and researched this more thoroughly I would love to hear from you and I'm sure others would as well. I know we need revenue, so I haven't gone through Nasdaq's requirements on their site that thoroughly, but JF just listed the requirements. We all would like to know for sure where we currently stand on uplisting to determine how close we are. Are revenue's ALL that's left that we need???
Actually, NO. It's far more significant that an institution with 2.4 million shares didn't sell a single share with a gargantuan gain of 340% when the stock hit $2.00. And INSTEAD, added to their position to the tune of 440,000.
Especially if they did get the shares a big discount to market value.
Well, they DID NOT sell ANY shares when the stock ran up to $2.00 then came all the way back down now did they??? Logic would dictate that if they held 2 million shares of the stock all the way up to $2.00, and EVEN THEN didn't sell one share, I'm sure they held through the even smaller run up we just saw to $1.50, and are holding long and strong :)
A massive vote of confidence. I'm sure Legacy Private Trust holds most if not all of their 2.4 million shares. They obviously didn't sell any shares when the stock ran up to $2.00...So, nice try there but no cigar. In fact even after the stock ran up huge to $2.00, then came all the way back to the lows then stabilized at $1.00, they still increased their holdings by 440,000 shares, from the last quarter to the current quarter reported as of 3/31/13, which means they we're buying in Jan, Feb, & March. They probably contributed to the big run up to $1.50 and are still holding. We'll know more when the new info is reported.
What a Vote of Confidence!
Legacy Private Trust Company owns as much STWA shares as they own of American Express and T.J. Max, and MANY other very high quality companies. Very impressive. They obviously know a great company with great potential when they see it ;)
Oh,and Slyder, it looks to me they didn't buy the 2.4 million shares all at once, they have been, and are still acquiring slowly. They are in there buying, just like we are :)
I also agree with "As I See It" But also:
What sano said below is completely untrue:
"Your point about the venture firms rings true. The reason a venture fund hasn't got involved here is because they likely have looked at the company closely and determined it would not generate enough revenues to warrant the risk. If AOT could achieve 30% of what is claimed they would be in with both feet. "
They would not "be in with both feet" because the company doesn't want a venture capital firm "in with both feet" because they would take a large ownership % of the company in exchange for the funding. That is obvious. It's well known that capital venture firms basically rape the company they are funding. STWA didn't, and doesn't, need the money. Period. By the time the new CEO and management team came on board the company was already public with an extensive shareholder base with large private investors. There was, and is, no need for a venture capital firm. I believe that venture firms have tried, and offered large sums to them years ago, and they have refused.
Remember, STWA have been talking to the oil industry for years, ever since the PRCI came on board. They ARE the oil industry. They've known who their customers would be for years because they have been collaborating and working with them to develop the AOT; for years. I believe the goal and the immense challenge was to get to the finish line without having to sell out and give away all of the profits to get there. I think they have just about done it.
Absolutely Slyder, but also too, don't forget, they JUST got back! IF they are back. So let's give them some time, that jet lag alone from Europe is a killer! Lol. But seriously, they are on it. I believe that IF they have any news to report they will. Although I don't know if they did raise any capital they may just come out in a 10k when they are required to report it. Either way, we'll find out :)
I'm looking forward to to buying a bunch of shares on BBW :)
good to know, I've got my buy orders ready!
STWA has proven the AOT WORKS WITH INCREDIBLE RESULTS; based on all of the actual FORMAL PUBLISHED data by the Federal Government's Department of Energy, or "DOE"; (who ran many tests on the AOT on a pipeline at the Rocky Mountain Oilfield testing center); The PRCI (Pipeline Research Council International-made up of the World's Largest Oil Companies) who, once they came to see the lab tests in person were "sold" so much that they decided to fund the tests of the AOT; and Dr. Tao the head of Temple University's Psychics Department who has written "the book" on the subject, literally. The U.S. National Institute of Standards and Technology and PetroChina (CNPC) / China Petroleum Pipeline Bureau (CPP). Each of the studies and tests have independently confirmed the efficacy of AOT for the reduction of crude oil viscosity. Who's word should one take in evaluating the efficacy of the AOT, some random dude on a message board, or the independent official sources I just listed. The choice for myself, and for others, is easy.
In my opinion, the AOT works so well that it cuts through oil (reduces it's viscosity) like a hot knife through butter. And in my opinion, is worth Billions (with a "B") to the oil industry all over the world. The test results speak for themselves; test results of the AOT have yielded an 87% viscosity reduction, and it was on some of the thickest crude oil in the world in China.
It is also my opinion that Save the World Air, Inc. is on the cusp of bringing this valuable technological device known as the AOT (Applied Oil Technology) to the oil industry who from what I can tell, -WANT THIS- (STWA is under 7 NDA's currently) because it will save them Billions. And will therefor, MAKE them BILLIONS. The FIRST Commercial AOT device has JUST been completed and weighs 20 tons. It is finally ready for commercial application and use, and finally available to be put in the hands of the oil industry.
STWA has proven the AOT WORKS WITH INCREDIBLE RESULTS; based on all of the actual FORMAL PUBLISHED data by the Federal Government's Department of Energy, or "DOE"; (who ran many tests on the AOT on a pipeline at the Rocky Mountain Oilfield testing center); The PRCI (Pipeline Research Council International-made up of the World's Largest Oil Companies) who, once they came to see the lab tests in person were "sold" so much that they decided to fund the tests of the AOT; and Dr. Tao the head of Temple University's Psychics Department who has written "the book" on the subject, literally. The U.S. National Institute of Standards and Technology and PetroChina (CNPC) / China Petroleum Pipeline Bureau (CPP). Each of the studies and tests have independently confirmed the efficacy of AOT for the reduction of crude oil viscosity. Who's word should one take in evaluating the efficacy of the AOT, some random dude on a message board, or the independent official sources I just listed. The choice for myself, and for others, is easy.
In my opinion, the AOT works so well that it cuts through oil (reduces it's viscosity) like a hot knife through butter. And in my opinion, is worth Billions (with a "B") to the oil industry all over the world. The test results speak for themselves; test results of the AOT have yielded an 87% viscosity reduction, and it was on some of the thickest crude oil in the world in China.
It is also my opinion that Save the World Air, Inc. is on the cusp of bringing this valuable technological device known as the AOT (Applied Oil Technology) to the oil industry who from what I can tell, -WANT THIS- (STWA is under 7 NDA's currently) because it will save them Billions. And will therefor, MAKE them BILLIONS. The FIRST Commercial AOT device has JUST been completed and weighs 20 tons. It is finally ready for commercial application and use, and finally available to be put in the hands of the oil industry.
keep trying to scare old boy, keep trying. The bottom line is:
STWA has proven the AOT WORKS WITH INCREDIBLE RESULTS; based on all of the actual FORMAL PUBLISHED data by the Federal Government's Department of Energy, or "DOE"; (who ran many tests on the AOT on a pipeline at the Rocky Mountain Oilfield testing center); The PRCI (Pipeline Research Council International-made up of the World's Largest Oil Companies) who, once they came to see the lab tests in person were "sold" so much that they decided to fund the tests of the AOT; and Dr. Tao the head of Temple University's Psychics Department who has written "the book" on the subject, literally. The U.S. National Institute of Standards and Technology and PetroChina (CNPC) / China Petroleum Pipeline Bureau (CPP). Each of the studies and tests have independently confirmed the efficacy of AOT for the reduction of crude oil viscosity. Who's word should one take in evaluating the efficacy of the AOT, some random dude on a message board, or the independent official sources I just listed. The choice for myself, and for others, is easy.
In my opinion, the AOT works so well that it cuts through oil (reduces it's viscosity) like a hot knife through butter. And in my opinion, is worth Billions (with a "B") to the oil industry all over the world. The test results speak for themselves; test results of the AOT have yielded an 87% viscosity reduction, and it was on some of the thickest crude oil in the world in China.
It is also my opinion that Save the World Air, Inc. is on the cusp of bringing this valuable technological device known as the AOT (Applied Oil Technology) to the oil industry who from what I can tell, -WANT THIS- (STWA is under 7 NDA's currently) because it will save them Billions. And will therefor, MAKE them BILLIONS. The FIRST Commercial AOT device has JUST been completed and weighs 20 tons. It is finally ready for commercial application and use, and finally available to be put in the hands of the oil industry.
Bravo Skavenger, nice find.
whoww, nice move. I have had fanny mae on my screen for last week and it was a rocket, but a huge reversal today down huge now. Nice job getting out of fanny mae. And glad you got your order filled on zero, I see are moving up right now, at 1.36. Several bullish reversals today. A great day to buy right off the 10 day and 8 day. If we hold these prices we could see a break out above $1.50 soon. Congrats!
Just have your order up, that's all you can do, it dips and recovers too quick. Plus, the moving averages have caught up now and it has consolidated this big move. If it's going to continue this move higher it's going to happen soon and there's no telling when.
It's happening right now sano. RIGHT NOW. As we watch, we see that most of the oil/pipeline companies are JUST getting introduced to this, as they talk with STWA and let them develop the tech into the AOT. This is why the # of NDA's are growing rapidly. The oil/pipeline companies are notoriously slow adopters of new technology, but thy have seen the potential for the AOT, and they want it...