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still consolidating from the run up, look at the chart , you want to see a bounce off the middle bollinger band at .156 for support ideally :)
link to chart:
http://stockcharts.com/h-sc/ui?s=MNGA&p=D&b=5&g=0&id=p54996773690
statistically 9 out of 10 pink company's that say they are going to up-list don't, and for every 10 that do up-list 9 out of these ten fail to stay on a higher exchange for more than 1 year...seems the market liked this pr though...really need to close above .05 on sustained volume to break the current trend though...imho- chart is still fugly..
first - need audited financials ,then file def- form 10, file 15c-211 sponsored MM,and then stay current with all their filings IE forms 8K's, 4's, 10 Q's etc,at this point they haven't even submitted ANYTHING, and i highly doubt that they will by the end of the year , 6-9 months at the earliest...any thing sooner would surprise me, at this point there only one step away from having the dreaded CE slapped back on this pos...imo
http://abcnews.go.com/WN/Economy/
Growing Green Jobs ... From Algae
Tim Thompkins runs Renewable World Energies. He has six employees, but he hopes to hire 50 more soon. Georgetown's warm climate, it turns out, is perfect for algae, but that's not the reason he chose to build his company here.
"I have relationships with people here," Thompkins said. "This is home. These are the people I see every day. You know, I don't see why anyone wouldn't want to make life better where they are."
So Thompkins has committed to keeping the jobs here in Georgetown, whatever the cost. New manufacturing jobs, now growing in the shadows of those idle mills.
"I think we're going to find a way to survive and to get better," said Thompkins. "That's what Americans do. That's what the United States has a history of doing, and Georgetown is no exception."
healthy consolidation on lower volume -imo looks like strong support @.25-.26
back to .08 on the ask...
and up to 55 boardmarks :)
chart still looks great here - i see a little resistance at .35 (52 wk high) ,and then a pull back and consolidation ,if we bust threw .35 today -blue skys is the limit -imo
http://stockcharts.com/h-sc/ui?s=MNGA&p=D&b=5&g=0&id=p54996773690
form 4 posted , 1m shares @.05...
golden cross forming on the chart ;) macd,rsi wide open!
no surprise... nt-10k filed...
afternoon d5,px ,sounds like were all in the same boat, I'd love to be able to do some share swapping this week...get out of ENTK and move over to QTMM before the 10k hits...
i took positions in MNGA on Friday ,its in a nice uptrend, got in @.14 ,got .20 as an exit point, also took a position in CTDH @.042 with a target of .08-.10 as an exit point , its got a tight float ,and its on the BB,a good bounce play ,also looking at CERP, as a bounce this week looking for 3.15 entry and 3.60 exit...some ideas to throw around...
d5 -I'm putting together a few ideas for the spin-off board as well...
i hope you all are having a pleasant weekend...
lol -might as well bid it to the trip z while your at it- nice way to show you support for the company bid whacker...i guess you are buying up the float at 3bucks a whack then, thanks for the entertainment on a slow day-and enjoy the fight !
lol- the ask is @.05 -have at it! lead by example and hit the ask ;)
lol and the shareholders continue to "suffer" financially -33% on a 100 share trade....
truely sad almost know one want to buy this pos stock,i thought that this event would spur some buying,and trading ,but who wants to buy with no finacials ,no updated share structure,nothing but pumps and paid promos...lol lets hope they at least sell a few shirts i might need one after loosing my shirt inverting in this pos...good luck frank!
hi david ;) just poping in to say hello
http://www.worldmarketmedia.com/779/section.aspx/2362/post/magnegas-corp-otcbb-mnga-investors-are-applauding
HomeBlogsMagneGas Corp. (OTCBB: MNGA) Investors Are Applauding
0
tweets retweet Date: September 10, 2010 11:40 AM
Publisher: Tom Copeland
Categories: China, US Markets
Tags: alternative fuel, China, Fuel Technology, MagneGas, MNGA, natural gas, OTCBB, WMM NanoCap Index, World Market Media Protecting the environment and establishing a green way of doing things is a major concern among people all over the world. In the U.S. alone, almost 247M tons of waste is generated every year, and the figure has been steadily increasing for quite some time. It has also been estimated that every person in this country generates 4.54 pounds of waste per day, and with population increases, that number will only grow.
The waste contains household waste, food scraps, discarded packaging, furniture and appliances, to yard clippings, sewage, cooking oil, and more generally, just a whole lot of garbage. Much of this waste contains environmentally damaging substances such as swage, sludge, cooking oil, and liquid waste, all of which are known to be very extremely dangerous to the human body. When thrown into landfills, they seep can into the soil, and eventually, our water supply. It happens much more often then we want to admit, and alarmingly, there’s not much being done about the hazardous waste we throw out.
We’ve already accepted that waste is a monumental environmental hazard which directly increases the amount of greenhouse gases rising into the atmosphere, slowly deteriorating the entire world for future generations. The solution lies with a responsible recycling policy which must be adhered to for years to come in order to undo the damage that has already been done.
Magnegas Corp. is a company who has pioneered an effort to convert liquid waste to a clean burning, cost competitive fuel with their breakthrough Plasma Arc Flow technology. Using this process, liquid waste is converted into stable and usable synthetic byproducts, their flagship being called MagneGas, a fuel that can be mixed with or someday even replace natural gas.
Compared to existing fossil fuels, MagneGas produces the lowest greenhouse gas emissions. MagneGas has been in the news recently for being received very favorably by users. The company recently closed a profitable deal with DDI in China, a partner with whom they supplied a MagneGas refinery worth $185M.
In an interview with WMM, Luisa Ingargiola, the CFO of MagneGas Corp., talked about this deal with DDI and how the Beijing company would be investing another $2M in a joint venture in which Magnegas would have a 20% stake.
When asked how important countries like China were in the planned globalization of MagneGas, she said that there was a lot of money in that region waiting to be invested in '”green" technology and that MagneGas was in a great position to profit and grow in the world’s largest country, and perhaps eventually, largest economy.
She also said that MagneGas had been contacted from companies interested in their technology from practically every region in the globe. DDI became the first exclusive distributor for MagneGas in the Greater China region and MagneGas is now looking for exclusive distributors in other countries. She also said that companies from Dubai and Australia had expressed interest in concluding deals similar to the one made with DDI.
When asked how the investment from the Chinese joint venture would be spent, Ms. Imgargiola gave 4 major points:
1. To build capital equipment to produce fuel for the metal working markets.
2. To build a demonstration refinery in a municipality. Tests that had been done in a local municipality showed encouraging results, raising interest and demand from a few cities here in the U.S.
3. To fund research and development with a focus on developing technology for separating the hydrogen in their fuel.
4.To generate revenue, particularly from the metal working market, municipal market and hydrogen market.
It is heartening to note that recently a major effort has been made by some companies who have taken the lead in a conscious effort to produce technology which will go a long way in furthering efforts to save our environment. While the world will applaud MagneGas for their technologies, investors who get in early will applaud for different reasons.
lol - how you doing BB? long time no hear, i will say i agree with you at the present time, -if* they get around to putting out financials and do show some revenue's and profitability, the share price might be able to sustain a higher value, at this point dumping $$ into promo company's that do a bad job of pumping this POS isn't helping any if anything it scares away traders-imo, I'm just hoping for some momo at the end of the month to make my exit and be even
-stay safe on your tour of duty overseas
otcmarkets.com (pinksheets) has real time L2 for QTMM, BB stocks ;) (and its free)
on L2 its .088(2mm)x.09(3mm) ,ihub's streamer has been messed up for a few days not showing real bids/ask...
i'm still waiting to see the 10k....
its hard to say fair value with no financials to back it up, and no updates in months.....imo its at fair value now...
lol- now!! not soon ;)
i gotta learn how to find these better before the run-lol
-i've done it before ,i think i can do it again!
have a good weekend everyone!
we need somthing like dmgm -lol up 5700%
thanks for posting the response dmcd5! :) , looking foward to the 10-k being posted
well said redmoose- lol
truly sad not one person is willing to buy at the ask -lol
maybe if they put out some type of financials someone could get a grasp of valuation here to have some incentive to buy -imo it would be better spent than paying i-hub 5k to hawk stock
it would be nice if they put out the 10-Q on time this week,followed be a nice 8-k ;)
I'm still lurking around here , not much to say till the company tells us something definitively, myself I've stopped looking for the back door DD, just patiently waiting for them to tell+show the rest of the world publicly....I'm riding freebies only at this point ,and i won't buy any more shares till i see proof of product,or a real contract and revenues....like the company I'm going back to stealth mode...
- have a nice weekend everyone! :)
lol -i want the goods,- bal sheets,assets,debts,and to see what they gave that scumbag RT...hopefully soon until then all talk ,no walk ,tired of the lip service...and dwindling pps
it sure would be nice if suffer put out finacials so we could get a grasp of fair valuation here....
nice day indeed px ,now if only we could stop suffering with entk -lol ,and i think qtmm is gonna heat up next week! ;)
http://www.plastemart.com/plasticnews_desc.asp?news_id=18027
Leading manufacturer of proprietary bio-based, sustainable plastics Cereplast’s plan to develop a new family of algae-based resins is making headway, with the first grade of Cereplast Algae Plastics® ready to be commercially available by end of 2010. Algae from a typical photo-bioreactor is harvested daily and may be treated as biomass, which can be used as biofuel or as a raw material source for biopolymer feed stock. These algae-based resins have the potential to replace 50% or more of the petroleum content used in traditional plastic resins. Currently, Cereplast is using renewable material such as starches from corn, tapioca, wheat and potatoes in the manufacture of bio-based resins. Algae-based resins, which are revolutionary in the industry, will complement the Company’s existing line of Compostables® and Hybrid® resins.
Frederic Scheer, Founder, Chairman and CEO of Cereplast, Inc. says, “The properties of hybrid materials that we have developed with algae are now very close to meeting our expectations, and are on target to introduce a new family algae-based plastics by the end of the year. In the not so distant future, we believe that algae will become one of the most important ‘green’ feedstocks in bioplastics as well as biofuels.
“Commercial algae resins represent a significant breakthrough in the greening of the plastics industry, a transformation that we believe is critical to helping ensure the long-term sustainability of the planet,” commented William Kelly who is leading Cereplast’s algae to plastics development efforts. “There are already a number of big players entering the commercial-scale algae production business, and the use of algae as a feedstock for plastics allows us to go full circle: the very substance that can absorb and minimize CO2 and polluting gases from the industrial process can also be turned into sustainable, renewable plastic products and biofuels while reducing our use of fossil fuels.”
(don't look at the weekly chart in the i-box) you might see the golden cross forming ;)
nice moves so far today up 57% :)
nice pincher forming on the chart ,l2 looking sweet!
yes- i posted the article as one observation of the macro effects on behl/ the over all otc market tiers ,personally i've noticed not just behl ,but many otc compantys are in a similar plight as of late , i'm wondering if it would'nt be prudent to try and move to the otc/Qx instead of the otc/BB ,if the long term goal is the nasdaq, mabee why audits are taking longer? **still a long way off- imo if were lucky by years end....at this point i expect a r/s with uplisting, **if behl is cash flow positive,or profitable at the time of uplisting the markets could see it as posivive, - a recent example that i've been following is CERP ,they did a 40-1 r/s ,and were fast tracked to nasdaq...it's possible- at present time not probable -imo