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All good points. It looks to be a good July!
In regards to the patent, Drug Delivery Device and Methodology , the patent app is going through the appeals process. The application number is 11/637,275
the appeal number is 2011-000299. You can follow the process by going to this link:
USPTO Public Board Hearing Information
At the bottom of the page, click on:
BPAI Hearing Schedule (June 2011) [PDF]
That should tell you when Ken's appeal will be heard and give you an idea when that particular product can move forward.
Regarding the patent for Iodine-Based Oral Antibacterial Treatment Methodology they have been busy re-working the claims, which they resubmitted to the USPTO on May 23rd. As well as the process for changing the Power of Attorney, which happened from May 19th to May 27th. It still has yet to be given to an examiner which means its a long ways away from being approved.
Regarding the Monodose Nasal Sprayer , it's a complete cluster f^#k. The patent app is essentially has to be completely re-worked as all 44 claims have been rejected permanently.
I can't find any filings in the USPTO that deal with both Ken and Dr. Martin. Doesn't mean they don't exist, just means they are hard to find.
That is the current plan right now. Odds favor a pump in the Fall. I'll buy a ton of 1's as we get closer. Just to make a year of waiting worth while. I'll be out at 4 or 5. Depending on the strength of the pump. I will say that it will be very tempting to bail at 3 though. Ha!
Another thing, is that people who haven't done DD, which is the majority, don't know that they changed their biz plan to operate as a conglomerate. So, when news happens that promotes the achievements of a company that is not listed as NWMT, ie, RKM, a subsidiary, it means nothing. Most people here don't know what a conglomerate is, let alone a subsidiary. The biggest force that the PPS will have to deal with is public ignorance.
Add to that, 1 to 2 tick traders dominate this particular arena. That being stocks under .001. There will be no predictable massive upswing. That will happen when you least expect it, if ever. Hopefully, the NuMobile deal will get it to .0006. Won't go too much higher then that as it is mostly already factored into the price.
Personally, my plan is to be out at .0005.
That is indeed a possibility. Odds are slim, but they are there.
That's why this is a gamble.
With whats expected to happen over the next few weeks is reason enough to get in now before it all happens. Will an R/S occur sometime in the future? Probably. Wouldn't surprise me. But it's not going to happen in the near term. Its definitely not going to happen before what's going to happen over the next 3 weeks. I don't expect it go bat s%#t crazy, but it'll have some decent movement.
Define starting? For a subby this far down, starting to move is generally 50 million or more in volume. At least over 20 trades in a day. This is in a sideways/idling pattern until the 'powers at be' decide its time to move in a different direction. I think people are waiting to see what happens with the Numobile deal. Right now, that's the only news people want to hear about. The deal should be done by next Monday.
I doubt people are shorting this stock. The risk/reward is not worth it. MM's buy and short constantly to create a market. Its my opinion that most of the current volume is being done by them. Right now the short volume is 50% of the volume.
I doubt anybody is that stupid to own 67 million shares of a subby.
Secondly, if you do own that much you don't advertise that you are going to sell because with the bid as thin as it is, you wouldn't want the price to drop. Not even one tick. Appears to be a very lame attempt to manipulate. If he does have 67 million and does plan to sell, well, every village has one.
Firstly, they no longer have the same business model that made the 118 million in 2010. We will have to wait until 2nd Q financials are released to see how the new conglomerate based model is working.
Secondly, it cost them 117.2 million to make the 118.
Everybody knows the financials will be crap. That's a given. Its a sub penny stock. Is the earth round? Nobody is expects to see glowing numbers as nobody buys and sells this crap on the fundamentals. It trades on speculation.
The filings will be sufficient enough to have the stop sign removed. If not, then there's no point of doing them.
I do anticipate a pop. The OS is nearly maxed. Most likely it already is. There's really nothing left to dump at these levels.
Right now, they either will or won't post financials. They will or won't get uplisted. They either will or won't get the Chesterfield Waste Water contract. They either will or won't finalize their recent patent. These are scenarios that will be played out in the next 3 weeks. Good or bad, they will be played out. That is the reality of the situation. We can debate all day everyday on the 'will they, won't they' aspect. All the answers will be there by mid July and we will see how the market responds to what we're given or what we're not given.
One thing to look at is it's friction factor.
Since October 2008 market makers are now required to be on the bid as much as they are on the offer and for like amounts of stock. This Fair Market Making Requirement is designed to prevent market makers from manipulating stock prices.
IGSM, all week, with the exception of Monday and Thursday, had "abnormal" market making.
If you play these stocks in constant fear of dilution and R/S's, you would never make a trade in this arena. It's always a risk with every single company here.
If the company does nothing, then it will do as you predict. On the path it is currently on, I could see .0001 by August if GM doesn't follow through on his statements, which he has a history of doing in the past. Hence why its a gamble and not a sure thing. However, if he does follow through with posting audited financials, and included in those financials includes a positive future outlook, since the numbers over the last 12 months will be horrible, it could go back up to a decent level. Not to mention, having the stop sign removed. He PR'd that finances were in the process of being audited. He PR'd that his lawyers are doing their part to get uplisted. That would be a lot of public lies, on paper, if none of the above is true. He can only 'cry wolf' so many times.
If the deal with Chesterfield, which takes 45 days to be reviewed/approved by the utilities council, is approved, then we will see a large improvement in the PPS. They started the review around May 27th. That would give it until the week of July 11th.
Then there's the patent allowance that they have kept in their back pocket. With penny's, a patent approval almost always means a spike in PPS as it increases their asset value. Allowances don't do much for bigger companies because their fundamentals are already solid. But with these companies, its a big deal. They have 3 months from the date of allowance to pay the fees ($1,049) that make the patent useable. It was given on April 18th with a payment due date of July 18th.
With all that's potentially coming in a 2-3 week period, you have to admit that the gamble looks pretty darn good and that its worth putting some coin into. Its better then most gambles right now. To not play out of fear of a R/S is cheating yourself out of what could be a positive trade.
Its all speculation. He hasn't done a RS in 2.5 years. The economic environment is different now then it was in November of 2008. Its not good, but it's certainly not as bad as it was back then. If a R/S is possible, it will be noted in the financials, that are due to be released by this coming Wednesday. If none of the things that I have outlined occur, then yes, this company is going to continue to crash and burn.
With the 'ask' being as thin as it is up to .0009, it won't take a lot to get it back up. Of course, the 'bid' is thin as well. Gotta watch out for that. Right now the odds say that this is a buy.
So, with that statement, I'm assuming the only thing you have is the cookie cutter dilution and R/S argument. No disrespect intended, but I would hope that after following this company for as long as you have, that surely you must have something that a trader can consider useful and valuable.
What are you going to say? Nothing illegal was done.
"Dear SEC. I bought into a stock I hoped to flip on a couple ticks up and make a quick buck. But I guessed wrong and lost. Even though the SEC has warned me and everybody else about the danger of trading stocks that are under a penny, I think you should pull your resources, which are inadequate and corrupt themselves, away from watching porn and from dealing with the bigger problems that are in the mainstream market and go up against the big bad Ken."
That's obvious. Show me a subby that isn't diluting or at risk of an RS. Old news. To assume that any company at this level isn't diluting is the same as assuming Hitler is living on the moon.
You can keep preaching the same stuff and be right by mere default. Even a broken clock is right twice a day.
Being that you are an expert on HG and GM, tell us fact that we don't know.
That's obvious. Show me a subby that isn't diluting or at risk of an RS. Old news. To assume that any company at this level isn't diluting is the same as assuming Hitler is living on the moon.
You can keep preaching the same stuff and be right by mere default. Even a broken clock is right twice a day.
Being that you are an expert on HG and GM, tell us fact that we don't know.
Look at the speculative timeline of what might happen between now and mid july. The odds don't favor it dropping below 4 before July 18th.
Exactly. We'll have at least a month. Plus, they have never done 2 R/S's in one year. I doubt they will start now. There's no reason to. Will they do one again? The odds say yes. But not until 2012.
The thing is, the risk is so small given the low entry price. Get in at .0004 and then sit back and watch. Monitor the L2's and if you start to see the support crumble, make an exit for a minimal loss. Sometimes the dealer deals himself a '21'. This is a good gamble at a low price.
Then you made an error. Consider it a lesson. Statements by these companies that include 'building shareholder value' are a constant occurrence and come with a huge red flag. I dunno how much you paid for that lesson, but at least you will be able to spot that red flag again in the future.
I just don't see the point in dogging Joe, emailing Joe, begging for answers that will not come. Whats done is done. Don't yell at the shark for acting like a shark. Just sit back and wait until the next pump comes in september. Then other people can be having this discussion this time next year.
What Sub-Penny doesn't??? Gotta set that risk aside when trading these, as it will always be part of the gamble in these plays. If you're worried about R/S don't trade in this arena. It'll drive ya nuts!
NewCardio to Present at Wells Fargo Securities Healthcare Conference
Presentation Scheduled for 3:30 p.m. ET on June 22, 2011
SANTA CLARA, Calif., June 17, 2011 /PRNewswire/ -- NewCardio, Inc., (OTC BB: NWCI) a cardiac diagnostic technology provider, announced today that Vincent Renz, Chief Executive Officer, is scheduled to present at the Wells Fargo Securities Healthcare Conference. The Conference is on June 22 and 23, 2011, at The InterContinental Boston. Mr. Renz' presentation is scheduled for 3:30 p.m. ET on Wednesday, June 22.
Just gotta look and see what the gamble is.
Here are the potential positives. In the near term, they have financials being released. Odds are they will be released June 29th. Next up, is that they get the stop sign removed and be uplisted to the OTCQB. That will happen if they post financials as they stated that they would. Plus they retained attorneys to do so. Next, there is the announcement of the April 18th approval of their Add-o-Mizer patent, which becomes enforceable on July 18th, the due date for the approval fees. Then you have the water treatment system in Chesterfield County, which is due to be approved by the Chesterfield Utilities Commission anytime after July 11th. You can also take in the chance of an update with their new distribution channel in China. Plus, its at a bottom. Can only go down so much more. With the potential positives on the horizon, its safe to say that this is a good entry point.
The negatives: They haven't reported financials. They have been stating since last year that they plan to do so. They claim internal issues have delayed the process and that they have been more focused on other issues. I think thats a BS excuse. It would of been bad strategy to release financials without positives to follow it. The financials will be horrible. As everybody expects. Thats why they needed to buy time. Past financials alone without any positives attached would of tanked the stock to .0001. Hence the PR's every month designed to stabilize the PPS to a degree. To keep some level of confidence alive and to buy them some time to make something happen. Which they apparently have. If they report financials by the June 29th due date, then hey, we have a ball game.
Also, there is a chance of a reverse split. They've done them in the past. The last one being during the financial collpase in the Fall of 2008. A mammoth 50K:1 which wiped out all shareholders. You can bet they will do one again. Its just a matter of WHEN. The fact is, they are in the process of becoming a fully reporting company. They will post the proper filings with SEC stating that a R/S is on the way. The process takes, at minimum, a month. It is my opinion that there is a zero % chance it happens before the positive events occur, that were stated above. I expect a R/S could occur in the late Fall. Even if we do fall victim to another one, say tomorrow, I doubt it would be as massive as the 2008 one. They are a different company today then they were back then when the world financial system completely collapsed. Board Posters have been saying its going to happen any moment since 2009, yet it hasn't happened yet. To preach that a R/S is on the way for a sub-penny company is like saying ice cream will melt in the summer. Takes no thought and no effort to say it. Its the #1 risk of buying these things. Everybody knows it.
Then say, they don't pay their patent fees and they lose their approval. I doubt that will happen. With all the money spent on it already, it would be silly to let it slip away due to a $1000 fee. Then say, they lose the Chesterfield deal. Always a chance. But the process has gone smoothly so far. The only way it would be lost is if somebody else steps up and shows off a better system. Which is very unlikely. Then, of course, they don't present financials. They continue to put it off. But, they've already passed the point of no return on that with all their PR's. They've already stated that they're practically done and about to be reviewed by attorneys. It would be pointless to keep putting them off past the June 29 due date. It wouldn't serve them or the PPS any good.
In all, these things are all gambles. To me, the CEO here is not to be trusted. As no CEO is, of any company under a buck. If he's not corrupt, he's guilty of incompetence. If there is one statement that Raj has said is that is smart, is that it is your money. Do as you wish. Look at all the angles. Find out what the odds for success are. Right now, I'm holding a good set of cards. If I lose, I lose. But if you're going to place bets on these subbys, you gotta ante up when the positives appear to outweigh the negs.
If your research turns up anything valuable, unmentioned in this, please share.
The USPTO fails all patent apps at least once or twice. It's the standard operating procedure in order to get the most thorough wording from the entity seeking the patent. The wording of patents have to be ultra precise. Leave out a 'period' at the end of a sentence and you get failed. Additionally, the extra filing fees that the USPTO gets on re-submissions help make up for the USPTO's massive, broken, and under budgeted mess of a system.
As a trader of companies that seek patent approval, I have never seen a patent get approved without having to go through the 'non-final rejection' process at least once. I watched one company get failed 3 times before it got it's approval. Its the 'FINAL REJECTIONS that mean the the end of the road is near for a patent app. Even then they still have multiple appeal options. From what I see, Ken's Monodose Nasal Sprayer is the only one heading for the chopping block.
The gamble was enticing, to say the least. Just so happens the dealer dealt themselves a 21. Glad I folded a while ago after reading the 10K.
In regards to the reverse split, there was no mention of it being anticipated in the 1st quarter 10Q. Pretty shady. E-Trade, being their biggest shareholder heading into 2011, with 265,569,891 shares (18.4% ownership of HHGI) surely had a hand in that. Anybody see any irony in the E-Trade commercial where the baby is in jail?
Patent Updates For Kenergy:
12/387,430 5/2009:Solar desalination system-
05-01-2009 Information Disclosure Statement considered
12/384,822 4/2009:Solar-initiated wind power generation system
06-21-2011 Mail Non-Final Rejection
12/381,235 3/2009:Ratchet strap handcuff connectors
06-21-2011 Case Docketed to Examiner in GAU
11/903,583 9/2007:Iodine-based oral antibacterial treatment methodology.
05-25-2011 Date Forwarded to Examiner
11/637,275 12/2006:AWAITING APPEAL: Drug delivery device and methodology. Appeal # 2011-000299
12/284,274 9/2008:Non combustible, tactical flash device
09-23-2010 Case Docketed to Examiner in GAU
12/455,172 6/2009: Dynamic entry claw device
06-13-2011 Non-Final Rejection.
12/321,402 1/2009: Reciprocating solar engine with attached solar windows
04-20-2011 Date Forwarded to Examiner
12/319,248 1/2009: Reciprocating solar engine.
06-20-2011 Office Action Review
12/383,353 3/2009: Reciprocating solar engine with solar reflectors.
07-08-2010 Case Docketed to Examiner in GAU
11/713,335 3/2007: Monodose nasal sprayer.
06-07-2011 Mail Final Rejection (PTOL - 326)
11/823,145 6/2007: Multifunctional tactical device
11-15-2010 Case Docketed to Examiner in GAU
November 2008
Hey, its just the basic logic of the situation. I'm not long term in this. Anybody that is long term in this will be pinched eventually.
What I do know, is that there will be no reverse split before July/August. What happens between now and then is reason for trading.
Like I said earlier. Whats going to happen first? That's the gamble with this trade. A R/S, if it does happen to occur, won't for a while. The odds favor positive developments occurring first.
They haven't done one since November 2008.
What's not legal about it? Proof? Unethical maybe, but I haven't seen anything illegal.
Its a gamble dude. It is what it is. Nothing more. Your apparent desire to see it decimated based on your speculatory opinions is just as bad as other desires to see it explode up on their speculatory opinions. You take what info is given and place your bet.
The simple fact of the matter is, is that if you don't like sitting at this particular poker table because you don't trust the dealer, move on to another one. You're like the one guy at the table that just keeps going on and on and on while others are just trying to play. You've stated your opinion. We have all heard it. Now move forward. Stay or go.
The deal is 1.47 mill. But the cost of doing the sales will most likely eat up the majority of that. If you look at NWMT's 10K for 2010, they had 118 million in deals and what not. But their take home at the end of the day was only 881,000. Whether or not this company's cost of doing biz is just as high as NWMT's, well, I guess that will determine how much the deal is really worth.
Also keep in mind you have a company doing business in a socialist country where taxes are enormous, etc, etc. So, in my opinion, the pps isn't shooting up because it's simply not that big of a deal when it comes to net profit.
The thing is, when making that bet, you gotta decide what will happen first. Do you think a R/S will occur before financials are posted? Before an uplisting? Before the patent approval announcement? Before the Virginia contract? All of the above are due by and before mid july.
An R/S is a process that takes about a month to enact. They have to file the right forms with the SEC/shareholders, do all the paperwork, yadayadayada.
So, unless they file for an R/S today, you stand to lose the bet.
Well, the amount dumped so far is jack squat.
Well, as far as the latest contract, it takes the city of Chesterfield 45 days to approve utility deals once the app process is complete. By mid July, we should have a deal in place.
As for the financials, they'll be released on June 30th. GM will wait until the last possible moment in order to get it closer to the mid July point. Also, Mid July is when they have to pay the fees for the latest patent approval. If mid-july passes without any positive movement, I'll consider the goose cooked.
There won't be a R/S anytime in the near future. It will occur. History will repeat itself. But not until January '12 at the earliest. Verges does them in 12 -16 month cycles. Not 6 months. Additionally, Everybody will know way ahead of time when they file it. Its not like you wake up one morning an see a R/S has occurred. Talking about R/S is useless banter at this point and time.
Cyclotrons:
For several decades, cyclotrons were the best source of high-energy beams for nuclear physics experiments; several cyclotrons are still in use for this type of research.
Cyclotrons can be used to treat cancer. Ion beams from cyclotrons can be used, as in proton therapy, to penetrate the body and kill tumors by radiation damage, while minimizing damage to healthy tissue along their path.
Cyclotron beams can be used to bombard other atoms to produce short-lived positron-emitting isotopes suitable for PET imaging
I'd like to see audited 2011 1stQ financials.