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Thank god for John Brockage, who made this deal. Thank god for directors who represent shareholder interests. Thank god for shareholders who seek out directors to represent them.
Given 2 billion shares outstanding (my assumption--I have no proof) and a multiple of 15, you'd need net profits of $1.33 million to get you a share price of a penny.
I actually don't think that is an unreasonable scenario in theory. In practice, these pinkies are scams, with management recklessly printing shares to cover up stupid or lazy or immoral business practices. Lacking SEC or any kind of oversight, people do the wrong thing as a rule. The one comfort in our situation is that Dirk has announced an annual shareholders meeting. This suggests that he may recognize some obligation to his owners--us, that is.
Wayne, any more complaints?
Who were the ones you think went away? Are you talking about Cyclone and Gemmerling?
> They have to know something. Its looking real funny that they both took off at the correct time.
I don't understand this, Wayne. Who took off at the correct time? What is the correct time?
Sorry, Wayne. I didn't notice the sarcasm. My bad.
Did you not notice that the stock markets of the entire world are plummeting?
Laidlaw is beside the point today. When the markets find a bottom and the smoke clears, let's see what's left.
"This course will explode" is not good English. Try "This stock will explode" or better yet "The stock is about to explode."
Having said that, I'll add that your posts are stupid and worthless.
Mikey, you should really be reading the board over at Investorvillage.com. All of this has been thrashed out ad nauseum already. This ihub board is almost irrelevant--no offense.
Brief recap: methane production has been reduced to half what they were expecting in summer 2007 AT BEST. Steven Whitesides fed his herd Rumensin, which is an antiobiotic that kills methane-producing bacteria in the cow's stomach, resulting in increased milk production. It also continues to kill the methogen bacteria in the digester tanks. It's unclear if the digester, once infected with Rumensin, can ever recover and approach 100% methane production again. Thanks, Whitesides!
Because of the Rumensin and the very cold weather, the digester at Whitesides is producing JUST enough (hopefully) to keep itself and Westpoint at 104 degrees F.
There are no gas sales yet. All of the gas Whitesides is producing is being used to heat Whitesides and Westpoint. Once Westpoint is self-sustaining--possibly within a month--they'll start selling the gas from Whitesides.
Spicemike, I don't have PM privileges. I don't think the interview contained any news about closing on Berlin financing or deal structure. The point seemed to be to get the company's name out as an interesting player in the renewable energy sector. The information was of a broad and general nature.
Good interview, nothing new. The CEO is getting word out in order to attract new investors. As he mentioned during the interview, nobody really knows about LLEG, which explains the low pps.
I hope so, bsandy. I think everything depends upon whether Cornell/YA Global is ITR's next "financier." If so, then they'll probably put somebody in charge, kick out Jake D., and start up the PR machine.
We need a whole barrage of PRs to turn this around. Yes, by all means a PR about GTI testing. Then a PR about fertilizer revenues--some numbers, damn it! Then one about first gas revenues. Then carbon credit revenues. Then the the third dairy. Finally, a PR about financing--i.e. we're not going bankrupt. If this is all done just right, they could stop this free fall. Otherwise, I think this thing is toast--for me a $160,000 piece of toast. O, well.
>What a crock.
What a crock or what a crook?
Or both?
Thanks, alopex. I've learnt through a couple of miserable investments that some penny stock CEOs don't know the first thing about managing a publicly owned corporation. They don't really know their responsibilities to the shareholders in the worst situation. As far as I know, Dirk is naive in this manner and not a crook. The Russias have a saying, though, for just such a case: simplicity is worse than thievery.
How do we inform Dirk about his responsibilities without pissing him off so much that he won't listen?
It could be that Dirk didn't PR the park project because he simply does not understand either the importance of PRs for maintaining the share price, or his responsibility to shareholders to maintain the share price. I've been meaning to call him up and remind him, but I'm too busy with other loser stocks of mine at the moment.
Thanks, Tom. Good to hear it.
That was an extremely vague and unhelpful interview. Dirk did mention that financials would be coming out at the end of January. There will also be the first ever ASM in February. At least those two events offer the possibility that Dirk will finally tell us what the hell he did with our money.
Here is an article that is actually very hopeful for us:
http://biz.yahoo.com/bw/080117/20080117005886.html?.v=1
Merrill Lynch has financed Raser Technologies, a developer of geothermal power.
> "The financing commitment for the first 10.5 MW project is up to $44 million, in the form of 15-year, fully amortizing fixed rate notes, to fund approximately $33 million of total construction costs, in addition to a letter of credit, reserve accounts, accrued interest, transaction fees and other costs."
If Merrill Lynch is willing to shell out $44M despite the credit troubles that they and the other big investment firms are going through right now, there's hope for continued funding of other a.e. projects, including LLEG.
Damn right, Baruchami. This loan thing could take a while in this credit market. We don't even know how deep the subprime damage is. I suggest that all of the crybaby flippers go flip somewhere else. Who knows how long we'll have to wait here.
Are you kidding? Less than $4000 changed hands today in this stock. Nobody is selling. Nobody is buying. There was essentially no volume.
Still here.
Makes sense to me.
The equity portion of the $65M is $20M.
The loan portion is $45.
The equity portion will come from Laidlaw and its equity partner, who will then split the profits after the plant goes into operation.
Obviously the partner is supplying more equity than Laidlaw, but then again Laidlaw is doing all of the work.
That's my understanding of it.
Greetings to all sissies and snivelers, whiners and weasels, gripers and grousers, cranks and crybabies! Nauseating, isn't it?
Local Support for Laidlaw's Plant?
I just read this on the Coos Conversations blog. I like the idea expressed here. Even more, I like the fact that some locals are in favor of a clean biomass plant.
REGIONAL BIOFUEL PLANTS AND LOCAL FOOD PRODUCTION
The announcement by North Country Renewable Energy LLC, the feelers sent out by Laidlaw, and the proximity to the existiing wood-chip power plants at Bethlehem and at Whitefield, means the biofuel revolution is at the doorstep of Coos County. But there is a second industry, one that can quite literally tap on site the waste steam and electrical output of bio-plants, that could be developed right alongside the new generation stations.
The industry I'm speaking of is environmentally controlled bulk-food production. In Europe there are several power stations that are linked with massive greenhouse banks, hothouses that grow wholesale tomatoes, green peppers, cucumbers, and other vegetables that can be grown in high density environments for the tables of consumers. In Winslow, Maine, a new 14-acre greenhouse system is now turning out great quantities of hothouse tomatoes and all the volume is being trucked to the big Maine distribution warehouses of Hannafords supermarket chain. That greenhouse complex got up and running using propane as the heat source, but the company is building a wood-chip cogeneration boiler to heat the greenhouses and provide 18-hours of artificial lighting to get maximum production from the vegetable plants growing inside the hothouses.
Coos County is about as far away from food growing regions of the United States as a county can be, yet Coos County once fed itself only four and five generations ago. Biofuel plants have the capacity to be the energy source for environmentally controlled food production right in Coos. At Winslow, Maine, the tomato growing greenhouses employ 150 people in a nonstop plant, tend, harvest and ship cycle. Won't Coos like to have those jobs? You bet.
I can imagine entrepreneurs wedding food production systems with the bio-plants to jump start the revitalization of agriculture in Coos County.
Such a hybrid business would be exciting in terms of energy and food production volume, and such hybrids would suddenly be job factories for the county. If you will allow me, I can imagine big greenhouse sysems in place tied to industries such as the Tillotson rubber manufacturing plant in Dixville, the furniture factory at Beecher Falls, Vermont, the electric stations at Bethlehem and Whitefield, one at the energy park in Groveton, and, if a generating station or cellulosic biofuel plant is constructed in Berlin, one in Coos' only city.
Creating such food-energy hybrid companies would ensure that Coos County is no longer at the end of the food and energy distribution chain in the United States. Suddenly the county would be at the head of chain, a much better place to be during uncertain times.
Submitted by Kim Robert Nilsen
The Cohos Trail Association
wilshy@worldpath.net
> We need some type of oil to lube us up for the new low that I am sure will come tomorrow!
Just don't expect AMHD to produce it!
Try a petroleum byproduct like Vaseline.
What's this about financials coming out Wednesday? First I've heard of it. Sounds like nonsense to me.
It's 9:47 ET. Have I already heard the day's first whine?
Is there an analogous forum where US fertilizer stocks are discussed?
I'd appreciate any leads.
Good riddance!
Amusing. This thing goes from a little to a little less and all of the sissies come out of the woodwork. Get some cahones, would ya?!
So what's the consensus? What else, if anything, musts still be done before LLEG can close on the financing. Do we need state approval? Do we need to hear anything about the transmission queue? Or can the humungaloid NYC bigshots now move in and dump piles of filthy money on the table?
I agree that if the financing comes through, this dilution won't mean that much. Do you--any of you--think that financing could include an "allowance" of several hundred thousand smackers to keep things running without more dilution? It is worrisome that we are about to max out on the A/S. If Mike increases the A/S, we've got some real problems.
Let's face it--most people who trade pinkies don't have a very long attention span. They are interested in trade-facilitating hype, not in solid fundamentals. If the financing comes through now--whether before or after approval at the state level--then people are going to take notice. I mean real people, not petty flippers.
Why is everybody so obsessed with the uplisting? I, frankly, can wait. The accounting fees for an SEC-reporting stock are very onerous when the company has no revenues. Do you like dilution? Can you imagine the added dilution that would come of uplisting and paying the Sarbanes-Oxley fees? I say, no thanks. First whack out the Berlin deal, then start building the plant. When revenues are within reach, then uplist.
O, I see what you mean, rebel--though the market seems wobbling up a bit today. Generally, though, it's murder out there, you're right. Well, the way I figure it, the pinkies are somewhat insulated from the general market. There's a sense that we're so far beneath the radar screen, so many leagues under the sea, that they have little idea what's going on down here! I've seen penny stocks surge on days when Wall St. was crashing. On the other hand, there are some who might otherwise buy and hold who will only flip, keeping themselves in cash, during a bear market like this.
Anyway, I think the longs are going to win here. By the time really substantial news starts coming in the correction on Wall St. may be over. That's when we come out of the bunkers and take over the universe.
Why is it a tough day to come out with new, Rebelgirl?
I, too, would be surprised if this moved up significantly before the announcement of confirmed financing or a successful lawsuit. It looks to me as though one or both of those will be taking place in the near future, so I'm happy to bide my time and even purchase more shares on dips to .001, as I have been doing.