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I am so glad you got back in with more shares Rightothesky! AWESOME move. I have a feeling this is going to be sooooooo HUGE!
2nd AOT test results are out for RMOTC Rocky Mountain oil fields dated 4/4/12.
This was just posted on the stwa web site. Here are the latest test results from the rmotc
http://www.stwa.com/STWA/whitepapers/RMOTC_STWA_AOT_Test_Report_04042012_FINAL.pdf
Viscosity was REDUCED by 40%
PRESSURE dropped by 40% when the AOT was switched on.
China wanted at least 16%, not a problem! Ka Ching!
Thanks! I agree family being more important than money. I think you will be happy with your VPER purchase. I see it going to a minimum of .01 cent this month, but more likely .02 to .05 cents. They have several goods news to release, with 2 of them being big. I think this will happen by around 4/18 or before.
A lot of flippers own this stock and shorts, so when you can get a nice profit I would grab it and run. They are expecting a merger this month , another in the near future, one of their products to be sold at a major store, and a couple other. So I am holding for the announcement of the merger, and the product being sold at a major store to see if that spikes it up enough, then I'm out. If my profit is big enough, I might hold a few free shares to see if this company keeps growing. Have to look at the quarterly report (for 1st quarter this year) and chart to decide.
Nice move. No I have not had a chance to get more yet, my other stock is due for a spike by around the 18th or before. I was hoping before.
Now I have a family emergency going on so I might need all my spare money for that. But I will not sell my ZERO shares unless I do something like you did.
Nice! So I imagine now you have a few more shares than before!?
Rightothesky, so I take it that you got back in?
Nice! I have one stock I got in at .0028 and its now .0055 now, and I expect it to go to around AT LEAST .02 cents by 4/17. They are expecting 2 big press releases. One for their product at a giant store, and another is a merger. Their ticker symbol is VPER. I am hoping to have sold 1/2 my shares by around 4/17 and the other 1/2 by June. Short term play.
Thanks for the tip on the other one your doing well with. I will check it out.
I agree but am not that worried for several reasons. 1) Many penney stocks have a billion or more shares issued. We do not, we have around 113,200,000. 2) We need to do this until enough revenue starts coming in. I have a feeling contracts and money is going to start rolling in soon, probably some time this summer. I am thinking the dilution will stop early next year. And think we will still be in good shape overall.
Thanks Lastay and Icequity for your responces. No argument from me or as I say, "truethat!".
So Iceman, do you think SVMI will file their financials in April and release a couple PR's on larger fleet sales?
Nice job and price. I got a feeling your gonna be very happy this summer you got more! I will be grabbing some more next week, hope it stays this low until I grab them.
Form 10-K for SAVE THE WORLD AIR INC
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30-Mar-2012
Annual Report
Item 7. Management's Discussion and Analysis or Plan of Operation
The following discussion and analysis of our financial condition and results of operations should be read in conjunction with the Consolidated Financial Statements and supplementary data referred to in Item 7 of this Form 10-K.
This discussion contains forward-looking statements that involve risks and uncertainties. Such statements, which include statements concerning future revenue sources and concentration, selling, general and administrative expenses, research and development expenses, capital resources, additional financings and additional losses, are subject to risks and uncertainties, including, but not limited to, those discussed above in Item 1 and elsewhere in this Form 10-K, particularly in "Risk Factors," that could cause actual results to differ materially from those projected. Unless otherwise expressly indicated, the information set forth in this Form 10-K is as of December 31, 2011, and we undertake no duty to update this information.
Overview
We are a development stage company that generated its first initial revenues in the fourth quarter of 2006. Our focus is on research and development, and initial sales and marketing, of products incorporating our proprietary and patented technology, which is designed to reduce harmful emissions, and/or improve fuel efficiency and engine performance on equipment and vehicles driven by internal combustion engines. We have devoted the bulk of our efforts to the completion of the design, the development of our production models, testing of devices and the promotion of our products in the marketplace. We anticipate that these efforts will continue during 2012.
Our expenses to date have been funded primarily through the sale of shares of common stock and convertible debt, as well as proceeds from the exercise of stock purchase warrants. We raised capital in 2011 and will need to raise substantial additional capital in 2012, and possibly beyond, to fund our sales and marketing efforts, continuing research and development, and certain other expenses, until our revenue base grows sufficiently.
Results of Operation
There were no revenues and cost of sales for the fiscal year ended December 31, 2011 and 2010.
Operating expenses were $6,886,681 for the fiscal year ended December 31, 2011, compared to $4,293,631 for the fiscal year ended December 31, 2010, an increase of $2,593,050. This increase is attributable to increases in non-cash expenses of $1,773,975 and cash expenses of $819,075. Specifically, the increase in non-cash expenses is attributable to increases in valuation warrants and options given employees as compensation of $2,010,528, offset by a decrease in valuation of stocks and warrants given to consultants of $237,249. The increase in cash expenses is attributable to increases in consulting and professional fees of $373,722, salaries and benefits of 222,736, office and other expenses of $126,125, travel expenses of $53,626 and corporate expenses of $42,866.
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Research and development expenses were $1,130,283 for the fiscal year ended December 31, 2011, compared to $427,982 for the fiscal year ended December 31, 2010, an increase of $702,301. This increase is primarily attributable to increases in product testing, research and supplies of $610,166 and contract fees of $118,635, offset by a decrease in travel expenses of $26,500.
Other expenses were $2,838,783 for the fiscal year ended December 31, 2011, compared to $4,772,493 for the fiscal year ended December 31, 2010, a decrease of $1,933,710. This decrease is attributable to decreases in the fair value of derivative liabilities of $1,607,031, cost of private placement of $1,129,212 which was not incurred in 2011, cost to induce conversion of certain notes of $168,340 which was not incurred in 2011, and increase in other income of $78,822, offset by an increase in interest and financing expense of $1,049,695.
We had a net loss of $10,856,547 or $0.10 loss per share for the fiscal year ended December 31, 2011 compared to a net loss of $9,494,906, or $0.12 loss per share for the fiscal year ended December 31, 2010.
Liquidity and Capital Resources
General
We have incurred negative cash flow from operations in the developmental stage since our inception in 1998. As of December 31, 2011, we had cash of $617,797 and an accumulated deficit of $69,289,467. Our negative operating cash flow in 2011 was funded primarily through the sale convertible notes.
The accompanying consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. As reflected in the accompanying consolidated financial statements, we had a net loss of $10,856,547 and a negative cash flow from operations of $4,723,952 for the year ended December 31, 2011, and had a working capital deficiency (excluding our derivative liability) of $1,548,080 and a stockholders' deficiency of $3,105,282 at December 31, 2011. These factors raise substantial doubt about our ability to continue as a going concern. Our ability to continue as a going concern is dependent upon our ability to raise additional funds and implement our business plan. The consolidated financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern.
During 2011, we raised an aggregate of $5,360,070 in net proceeds from the issuance of Convertible Notes, as follows:
? Net proceeds of $2,251,832 from the issuance of convertible notes and warrants in a 2011 Winter Offering. The face amount of the notes is $2,588,422.
? Net proceeds of $1,141,600 from the issuance of convertible notes and warrants in a 2011 Spring Offering. The face amount of the notes is $1,469,550.
? Net proceeds of $437,998 from the issuance of convertible notes and warrants in a 2011 Summer Offering. The face amount of the notes is $487,783.
? Net proceeds of $150,000 from the issuance of convertible notes and warrants in a 2011 Fall Offering. The face amount of the notes is $170,720.
? Net proceeds of $1,378,640 from the issuance of convertible notes and warrants in a 2010 Fall Offering #2. The face amount of the notes is $1,516,504.
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Details of Recent Financing Transactions
2011 Winter Offering
From December 13, 2010 through February 28, 2011, we conducted a private offering (the "Winter 2011 Offering") of up to $3,000,000 aggregate face amount of its convertible notes (the "Winter 2011 Notes"). A total of $2,588,422 aggregate face amount of the Winter 2011 Notes were sold for an aggregate purchase price of $2,353,111. While there was no stated interest rate on the Winter 2011 Notes, the implied effective interest rate on the Winter 2011 Notes is 10% per annum. The Winter 2011 Notes mature on the first anniversary of their date of issuance. The Winter 2011 Notes are convertible, at the option of the note holder, into 10,353,688 shares of our common stock (the "Conversion Shares") at an initial conversion price of $0.25 per share (the "Conversion Price").
Each of the investors in the Winter 2011 Offering received, for no additional consideration, a warrant (the "Winter 2011 Warrants"), entitling the holder to purchase a number of shares of our common stock equal to 100% of the number of shares of common stock into which the Winter 2011 Notes are convertible (the "Warrant Shares"). Each Winter 2011 Warrant is exercisable on a cash basis only at an initial price of $0.30 per share, and is exercisable immediately upon issuance and for a period of two (2) years from the date of issuance. Up to 10,353,688 Warrant Shares are initially issuable to date on exercise of the Winter 2011 Warrants.
We received $2,251,032 in net proceeds in the 2011 Winter Offering which was used for general corporate purposes and working capital. The aggregate value of the 2011 Offering Warrants issued were valued at $1,368,888 using the Black-Scholes-Merton option valuation model with the following assumptions; risk-free interest rate of 0.69; dividend yield of 0%; volatility factors of the expected market price of common stock of 120%; and an expected life of two years (statutory term) and vest immediately upon issuance. We also determined that the notes contained a beneficial conversion feature valued at $984,223. The aggregate value of the 2011 Winter Offering Warrants, the beneficial conversion feature and the implied discount and transaction fees of $235,311 are considered as debt discount and are being amortized over the life of the notes. The amortization recorded during the period amounted to $2,573,756.
As of December 31, 2011, investors have converted $2,500,422 of the Convertible Notes into 10,001,688 shares of our common stock. The outstanding balance at December 31, 2011 was $88,000.
2011 Spring Offering
From March 14, 2011 through May 31, 2011, we conducted a private offering (the "Spring 2011 Offering") of up to $1,000,000 aggregate face amount of its convertible notes (the "Spring 2011 Notes"). A total of $1,469,550 aggregate face amount of the Spring 2011 Notes were sold for an aggregate purchase price of $1,335,955. While there was no stated interest rate on the Spring 2011 Notes, the implied effective interest rate on the Spring 2011 Notes is 10% per annum. The Spring 2011 Notes mature on the first anniversary of their date of issuance. The Spring 2011 Notes are convertible, at the option of the note holder, into 5,878,200 shares of our common stock (the "Conversion Shares") at an initial conversion price of $0.25 per share (the "Conversion Price").
Each of the investors in the Spring 2011 Offering received, for no additional consideration, a warrant (the "Spring 2011 Warrants"), entitling the holder to purchase a number of shares of our common stock equal to 100% of the number of shares of common stock into which the Spring 2011 Notes are convertible (the "Warrant Shares"). Each Spring 2011 Warrant is exercisable on a cash basis only at an initial price of $0.30 per share, and is exercisable immediately upon issuance and for a period of two (2) years from the date of issuance. Up to 5,878,200 Warrant Shares are initially issuable to date on exercise of the Spring 2011 Warrants.
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We received $1,141,599 in net proceeds in the 2011 Spring Offering which was used for general corporate purposes and working capital. The aggregate value of the 2011 Spring Offering Warrants issued were valued at $726,787 using the Black-Scholes-Merton option valuation model with the following assumptions; risk-free interest rate of 0.45; dividend yield of 0%; volatility factors of the expected market price of common stock of 119%; and an expected life of two years (statutory term) and vest immediately upon issuance. We also determined that the notes contained a beneficial conversion feature valued at $609,168. The aggregate value of the 2011 Spring Offering Warrants, the beneficial conversion feature and the implied discount and transaction fees of $133,595 are considered as debt discount and are being amortized over the life of the notes or amortized in full upon conversion. The amortization recorded during the period amounted to $1,469,550.
As of December 31, 2011, investors have converted $1,469,550 of the Convertible Notes into 5,878,200 shares of our common stock. There was no outstanding balance at December 31, 2011.
2011 Summer Offering
From June 24, 2011 through July 31, 2011, we conducted a private offering (the "Summer 2011 Offering") of up to $1,000,000 aggregate face amount of its convertible notes (the "Summer 2011 Notes"). A total of $487,783 aggregate face amount of the Summer 2011 Notes were sold for an aggregate purchase price of $443,439. While there was no stated interest rate on the Summer 2011 Notes, the implied effective interest rate on the Summer 2011 Notes is 10% per annum. The Summer 2011 Notes mature on the first anniversary of their date of issuance. The Summer 2011 Notes are convertible, at the option of the note holder, into 1,951,132 shares of our common stock (the "Conversion Shares") at an initial conversion price of $0.25 per share (the "Conversion Price").
Each of the investors in the Summer 2011 Offering received, for no additional consideration, a warrant (the "Summer 2011 Warrants"), entitling the holder to purchase a number of shares of our common stock equal to 100% of the number of shares of common stock into which the Summer 2011 Notes are convertible (the "Warrant Shares"). Each Summer 2011 Warrant is exercisable on a cash basis only at an initial price of $0.30 per share, and is exercisable immediately upon issuance and for a period of two (2) years from the date of issuance. Up to 1,951,132 Warrant Shares are initially issuable to date on exercise of the Summer 2011 Warrants.
We received $437,999 in net proceeds in the 2011 Summer Offering which was used for general corporate purposes and working capital. The aggregate value of the 2011 Summer Offering Warrants issued were valued at $172,856 using the Black-Scholes-Merton option valuation model with the following assumptions; risk-free interest rate of 0.36; dividend yield of 0%; volatility factors of the expected market price of common stock of 116%; and an expected life of two years (statutory term) and vest immediately upon issuance. We also determined that the notes contained a beneficial conversion feature valued at $270,583. The aggregate value of the 2011 Summer Offering Warrants, the beneficial conversion feature and the implied discount and transaction fees of $44,344 are considered as debt discount and were amortized in full upon conversion of the notes. The amortization recorded during the period amounted to $487,783.
As of December 31, 2011, investors have converted $487,783 of the Convertible Notes into 1,951,132 shares of our common stock. There was no outstanding balance as of December 31, 2011.
2011 Fall Offering
From August 30, 2011 through October 15, 2011, we conducted a private offering (the "Fall 2011 Offering") of up to $1,000,000 aggregate face amount of its convertible notes (the "Fall 2011 Notes"). A total of $170,720 aggregate face amount of the Fall 2011 Notes were sold for an aggregate purchase price of $155,200. While there was no stated interest rate on the Fall 2011 Notes, the implied effective interest rate on the Fall 2011 Notes is 10% per annum. The Fall 2011 Notes mature on the first anniversary of their date of issuance. The Fall 2011 Notes are convertible, at the option of the note holder, into 682,880 shares of our common stock (the "Conversion Shares") at an initial conversion price of $0.25 per share (the "Conversion Price").
Each of the investors in the Fall 2011 Offering received, for no additional consideration, a warrant (the "Fall 2011 Warrants"), entitling the holder to purchase a number of shares of our common stock equal to 100% of the number of shares of common stock into which the Fall 2011 Notes are convertible (the "Warrant Shares"). Each Fall 2011 Warrant is exercisable on a cash basis only at an initial price of $0.30 per share, and is exercisable immediately upon issuance and for a period of two (2) years from the date of issuance. Up to 682,880 Warrant Shares are initially issuable to date on exercise of the Fall 2011 Warrants.
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We received $150,000 in net proceeds in the 2011 Summer Offering which was used for general corporate purposes and working capital. The aggregate value of the 2011 Fall Offering Warrants issued were valued at $50,958 using the Black-Scholes-Merton option valuation model with the following assumptions; risk-free interest rate of 0.28; dividend yield of 0%; volatility factors of the expected market price of common stock of 112%; and an expected life of two years (statutory term) and vest immediately upon issuance. We also determined that the notes contained a beneficial conversion feature valued at $104,242. The aggregate value of the 2011 Fall Offering Warrants, the beneficial conversion feature and the implied discount and transaction fees of $15,520 are considered as debt discount and are being amortized over the life of the note or amortized in full upon conversion of the notes. The amortization recorded during the period amounted to $87,992.
As of December 31, 2011, investors have converted $66,220 of the Convertible Notes into 264,880 shares of our common stock. The outstanding balance at December 31, 2011 was $104,500.
2011 Fall#2 Offering
From October 24, 2011 through December 13, 2011 we conducted a private offering (the "Fall#2 2011 Offering") of up to $2,200,000 aggregate face amount of its convertible notes (the "Fall#2 2011 Notes"). A total of $1,516,504 aggregate face amount of the Fall#2 2011 Notes have been sold for an aggregate purchase price of $1,378,640. While there is no stated interest rate on the Fall#2 2011 Notes, the implied effective interest rate on the Fall#2 2011 Notes is 10% per annum. The Fall#2 2011 Notes mature on the first anniversary of their date of issuance. The Fall#2 2011 Notes are convertible, at the option of the note holder, into 6,066,016 shares of our common stock (the "Conversion Shares") at an initial conversion price of $0.25 per share (the "Conversion Price").
Each of the investors in the Fall#2 2011 Offering will receive, for no additional consideration, a warrant (the "Fall#2 2011 Warrants"), entitling the holder to purchase a number of shares of our common stock equal to 100% of the number of shares of common stock into which the Fall#2 2011 Notes are convertible (the "Warrant Shares"). Each Fall#2 2011 Warrant is exercisable on a cash basis only at an initial price of $0.30 per share, and is exercisable immediately upon issuance and for a period of two (2) years from the date of issuance. Up to 6,066,016 Warrant Shares are initially issuable to date on exercise of the Fall#2 2011 Warrants.
We received $1,378,640 in net proceeds in the 2011 Fall#2 Offering which was used for general corporate purposes and working capital. The aggregate value of the 2011 Fall#2 Offering Warrants issued were valued at $650,823 using the Black-Scholes-Merton option valuation model with the following assumptions; risk-free interest rate of 0.24; dividend yield of 0%; volatility factors of the expected market price of common stock of 112%; and an expected life of two years (statutory term) and vest immediately upon issuance. We also determined that the notes contained a beneficial conversion feature valued at $727,817. The aggregate value of the 2011 Fall#2 Offering Warrants, the beneficial conversion feature and the implied discount and transaction fees of $137,864 are considered as debt discount and are being amortized over the life of the note or amortized in full upon conversion of the notes. The amortization recorded during the period amounted to $63,188.
As of December 31, 2011, there was no note conversion to common stock. The outstanding balance at December 31, 2011 was $1,516,504.
Summary
At December we had cash on hand in the amount of $657,805 and since December 31, 2011, we have raised an additional $1,338,440 through the sale of Convertible Notes. At December 31, 2011 the we had outstanding Convertible Notes amounting to $1,720,504 of which $1,051,440 have been converted into 4,205,760 shares of common stock. We expect the balance of these notes and the notes issued after December 31, 2011will be converted into shares of common stock. It is possible that we may need additional funds to operate our business, including without limitation the expenses we will incur in connection with the license and research and development agreements with Temple University; costs associated with product development and commercialization of the AOT and the ELEKTRA technology; costs to manufacture and ship our products; costs to design and implement an effective system of internal controls and disclosure controls and procedures; costs of maintaining our status as a public company by filing periodic reports with the SEC and costs required to protect our intellectual property. In addition, as discussed below, we have substantial contractual commitments, including without limitation salaries to our executive officers pursuant to employment agreements, certain severance payments to a former officer and consulting fees, during the remainder of 2012 and beyond.
No assurance can be given that any future financing will be available or, if available, that it will be on terms that are satisfactory to the Company.
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Contractual Obligations
The following table discloses our contractual commitments for future periods.
Long-term commitments are comprised of operating leases and minimum guaranteed
compensation payments under employment and other agreements. See Note 10 to
Notes to Consolidated Financial Statements, "Commitments and Contingencies".
Year ending December 31, Operating Leases (1) Guaranteed Payments
2012 $ 69,960 $ 643,300 (2)
2013 69,960 498,300 (3)
2014 - 498,300 (3)
2015 - 498,300 (3)
2016 - 213,400 (4)
Total $ 139,920 $ 2,351,600
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(1) Consists of rent for our Santa Barbara Facility expiring on December 31, 2013. (For description of this property, see Part 1, Item 2, and "Property").
(2) Consists of an aggregate of $310,800 in total compensation, including base salary and certain contractually-provided benefits, to an executive officer, pursuant to an employment agreement that expires on January 30, 2016, $287,500 in licensing maintenance fees to Temple University and $45,000 in consulting fees to Irth Communications.
(3) Consists of an aggregate of $310,800 in total compensation, including base salary and certain contractually-provided benefits to an executive officer, pursuant to an employment agreement that expires on January 30, 2016 and $187,500 in licensing maintenance fees to Temple University.
(4) Consists of an aggregate of $25,900 in total compensation, including base salary and certain contractually-provided benefits to an executive officer, pursuant to an employment agreement that expires on January 30, 2016 and $187,500 in licensing maintenance fees to Temple University.
Licensing Fees to Temple University. For details of the licensing agreements with Temple University, see "Part I, Item 1, "Business - Our Business Strategy - Our Products and Technologies."
Critical Accounting Policies and Estimates
Our discussion and analysis of financial condition and results of operations is based upon our consolidated financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States of America. The preparation of these consolidated financial statements and related disclosures requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, expenses, and related disclosure of contingent assets and liabilities. We evaluate, on an on-going basis, our estimates and judgments, including those related to the useful life of the assets. We base our estimates on historical experience and assumptions that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates.
The methods, estimates and judgments we use in applying our most critical accounting policies have a significant impact on the results that we report in our consolidated financial statements. The SEC considers an entity's most critical accounting policies to be those policies that are both most important to the portrayal of a company's financial condition and results of operations and those that require management's most difficult, subjective or complex judgments, often as a result of the need to make estimates about matters that are inherently uncertain at the time of estimation. . For a more detailed discussion of the accounting policies of the Company, see Note 2 of the Notes to the Consolidated Financial Statements, "Summary of Significant Accounting Policies".
We believe the following critical accounting policies, among others, require significant judgments and estimates used in the preparation of our consolidated financial statements.
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The preparation of consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Certain significant estimates were made in connection with preparing our consolidated financial statements as described in Note 1 to Notes to Consolidated Financial Statements. Actual results could differ from those estimates.
Stock-Based Compensation
The Company periodically issues stock options and warrants to employees and non-employees in non-capital raising transactions for services and for financing costs. The Company accounts for stock option and warrant grants issued and vesting to employees based on the authoritative guidance provided by the Financial Accounting Standards Board whereas the value of the award is measured on the date of grant and recognized over the vesting period. The Company accounts for stock option and warrant grants issued and vesting to non-employees in accordance with the authoritative guidance of the Financial Accounting Standards Board whereas the value of the stock compensation is based upon the measurement date as determined at either a) the date at which a performance commitment is reached, or b) at the date at which the necessary performance to earn the equity instruments is complete. Non-employee stock-based compensation charges generally are amortized over the vesting period on a straight-line basis. In certain circumstances where there are no future performance requirements by the non-employee, option grants are immediately vested and the total stock-based compensation charge is recorded in the period of the measurement date.
The fair value of the Company's common stock option grant is estimated using the Black-Scholes option pricing model, which uses certain assumptions related to risk-free interest rates, expected volatility, expected life of the common stock options, and future dividends. Compensation expense is recorded based upon the value derived from the Black-Scholes option pricing model, and based on actual experience. The assumptions used in the Black-Scholes option pricing model could materially affect compensation expense recorded in future periods.
Accounting for Warrants and Derivatives
The Company evaluates all of its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded . . .
Sagan, did you get back in yet?
Boys and girls, April should be an AWESOME month for VPER! Cannot wait!
Fantastic! Looks like I can get me some cheapies after all next week. Don't worry once the contracts start rolling in the shorters, MM's will not be able to hold this stock back!
Johnstock, your guess is as good as mine. I am hoping for the sale of White Space by June or before.
I agree Just1moreuptick. There will most probably be a reverse split next year, so after the sale of White Space I am outa here! Then watch until after the RS and consider whether to get back in or not. If the price drops further down after the RS and looks like good things in the future, then I would consider getting back in.
The post below is from another board, but worth reposting here imo.
For those who have been asking why China? Why do they seem to be first in line for the AOT?
Sure they have the mandates to decrease energy consumption by 16%, but they now produce the most crude. PetroChina is ginormous, and once they have the AOT, that will help them increase their margins and revenue - Exxon will soon have to follow. Makes me smile knowing what's coming soon. We're in the right place at the right time.
Here's the link that talk about PetroChina outproducing Exxon:
http://www.investorplace.com/2012/03/daily-oil-news-petrochina-tops-exxon-in-crude-production/
Hope it stays this price one more week so I can load me up some more shares! I am about to sell one of my other stocks for a nice profit.
Welcome to the board Vigirl10. You are about to make some nice money!
I think your spot on! (or true that!)
CJstocksup, I totally agree with that PR being one of the best ones showing several big PR's on the way. I also am very excited about the Company's reseller agreement has already led to Viper Networks initial success (i.e.TBA) with targeting one mass merchant in North America for nationwide sales. We are sub penney today but will be multi pennys very soon!
By the way CJ I have been watching your posts for awhile and am very impressed by your knowledge, experience and accuracy. I hope to be joining you in a lot of your future plays.
Nice. Some of those shorts are going to be in big hurt when we get our 1st contract. They will be chasing our stock upwards. Tehehehehe
I think we will probably get an update in April and or May. I know China wants at least 16% improvement with AOT so I am hoping the new test in China achieves this, if not our new contract with Temple University will help us achieve it fast. I still think we will get our 1st contract this summer, with a few to following with in a month of each other.
This press release is one of the most important one for newbies. It gives date on PR for possible merger news, and retail store for powerdisc. Also we are expecting an Investors newsletter giving us info on subjects like the Calling card part of this business. (I know this is an old PR, but important one)
Viper Networks To Conclude Due Diligence On Attractive LED Acquisition Candidate By Month EndFont size: A | A | A9:08 AM ET 3/12/12 | BusinessWire
--Merger would add millions in revenues and provide net profitability.
Viper Networks, Inc. (Pink Sheets: VPER), announces that the Company expects to conclude their preliminary due diligence on a U.S.-based, profitable LED company that they have been in acquisition talks with (as announced 1/30/12) by March 31st.
As previously announced, the Company has been proactive in their pursuit of well positioned, profitable LED industry acquisition candidates and has earnestly continued merger talks with two U.S.-based firms since early 2012; one of which specifically provides compelling synergy to Viper Networks' emerging business within the LED lighting sector.
Shortly after the conclusion of the Company's due diligence, Viper Networks will release a closing date projection (expected in mid-April) that they expect final negotiation terms and conditions to be consummated by.
Interested parties should note that these are amicable discussions propelled by strong mutual benefits and final acquisition terms are expected to include a combination of cash and stock.
In reviewing Company news during 2012, shareholders and investors will quickly see Viper has been busy establishing solid alliances within the LED industry along with key agreements designed to generate industry-leading margins and facilitate large scale growth initiatives in new global markets.
This major alliance with LEDs America has led to key agreements for Viper Networks in a North American sales and marketing agreement, global exporting arraignments, supplier status and manufacturing rights, and multiple foreign country territorial exclusivity agreements.
Another emerging alliance is Envirolite Corporation and their PowerDisc(TM) product that can extend the life of incandescent and halogen bulbs by up to 10 years. The Company's reseller agreement has already led to Viper Networks initial success (i.e.TBA) with targeting one mass merchant in North America for nationwide sales.
More details about the other potential acquisition, which is in the energy distribution sector, are expected shortly. For additional information, please visit www.vipernetworks.com.
Except for the historical information contained herein, this press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from the results predicted and reported results should not be considered an indication of future performance.
SOURCE: Viper Networks, Inc.
Heritage First Capital
Scott Gibson, 407-444-5959
Rightothesky, they do not currently have reported continueing income. So the funding was probably done by private placement like usual. But from what I hear they will be charging for future tests at the oil pipeline.
I think this is a good move as once this technology is out there, there will be people (especially Chinese) who will try to change it or make a better version of it going around the patents. So we need to be at the lead for many years until this product is around the world and we are all rich.
Wow, wish I had L2 to check it out. It's ok, 1st stop after 1st contract is $4 to $10, after 3rd contract $20 to $30. I am just pulling #'s out my arse cause ya never know exactly how the market will react with initial sales, even when humongus.
Well we both want some more cheapies so it's all good. I wonder when the next announcement/PR will be. My bet is April.
Awesome! I guess I will not be able to pick up some more cheapies next week then!?
VPER, nice close indeed! We have 3 big news items coming out starting next week. Should be in pennyland by next Friday or the latest shortly after.
Nice close today, up .02 cents.
Cj I saw that on VPER, they have a couple big announcements coming up. At least one should come out next and I expect the other one a couple days later. They have Merger announcement, a major store selling one of the products announcement, and a investors newletter about their other parts of their business revenue. I definately think pennyland on the next push up to. Easily.
Chart does look awesome! I am a big fan or yours by the way, you have a great deal of good experience and I am now following you and will be considering your future trades very seriously!
Exactly! (or true that!)
LOL, I think you are right on all of your post! I am always thinking of ways to get a few more shares of my best stocks! Exciting times to be a part of this stock. I cannot wait for the contracts to come rolling in. I think the contracts will start rolling in this summer like waves, but I could be wrong.
I am hoping to buy some from another stocks sale around 3/30 to 4/10 as they should spike up a bit by then. So if no big news or contracts happen before then, we should be fine to get some more shares.
After the test results were announced last year, I transferred a little from my Roth 401K into an Roth IRA and bought ZERO shares with it as I did not have any free cash at that time. I am tempted to take a loan from my 4o1K to buy some more.
I agree, great time to buy. I am going to try to free up some money from one of my other stocks next week to grab me some more zero.
When they do the AOT testing in china, they will be testing the latest updated version of the AOT. So my guess the results will be even better than before! Last time we got 13.55 improved efficiancy using 1/3 power. We'll if they made an improvement of two and turned it up even higher, I would not be surprised to se 15 to 20% improvements. That would be tremendously huge!
And like the press release or Form 8 said, once they pass the test, they are ready to sell it in China!
According to their March 9th press release you posted today:
4. STWA shall provide, as soon as practicably possible, in three phases, the following: (1) laboratory experimental and testing devices, which TDC will deliver to the China Petroleum Pipeline Administration (“CPP”) for experiment and testing (“Laboratory Testing”); (2) an AOT prototype device, which TDC will deliver to CPP for loop pipeline testing at CPP site (“Loop Pipeline Testing”), upon successful completion of the Laboratory Testing; and (3) an AOT prototype device, which TDC will deliver to CPP for engineering test (“Engineering Testing”), upon successful completion of the Laboratory Testing and Loop Pipeline Testing
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So this leads me to believe that they should be testing shortly in china. I would imagine no more than one month to ship everything there and a few weeks to set up. So my guess would be the test shouls be done by May or sooner in China. But I am just guessing.
About US contracts, yes they have already signed one letter of intent with LG Partners and are probably in negotiations with others for tests for their paticular needs, (temperature, weight of oil, etc). And could be in negotiations for other contracts. Will have to wait and see from the Company. And I believe we will hear something soon about progress. Perhaps April or May. Then I expect contracts to start rolling in one after another this summer. Unless they let us know something which delays this. I am just a long term stock holder who has been following this company closely for many years. Remember the PRCI payed for part of these tests and they are a group of Oil Companys and suppliers. So we are well known. If the product is ready, they just want to see the results of a qualified test for their needs.
Obama defends handling of Keystone pipeline
Published - Mar 22 2012 10:38AM EST
KEN THOMAS, Associated Press
President Barack Obama discusses his oil and gas policies during a visit to a drilling site Wednesday, March 21, 2012 in Maljamar, N.M. (AP Photo/Odessa American, Mark Sterkel)
CUSHING, Okla. (AP) — President Barack Obama is defending his administration's handling of the contentious Keystone XL pipeline, saying Congress made it impossible for him to make an informed decision.
Obama says experts needed a certain amount of time to review the Keystone project, which would have run from Canada to Texas. But he says Congress wanted to make its own timeline based on politics, which forced him to reject the project.
The president says he is happy to review future permits for the Keystone pipeline.
Obama spoke Thursday at the site of another pipeline that would run from Oklahoma to Texas' Gulf Coast. Obama is directing federal agencies to expedite the 485-mile line to help remove a critical bottleneck in the country's oil transportation system.