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GGLB- volume is the chart weakness
in the last week or more. And I'm still getting my arms around the business plan. i.e. Where is the profit margin?
A GREEN day is a great day,
and with this stock, most days will be great. I may even buy some
GGLB with some future profit taking next week.
Hi sterling,
thanks for the post on the ECCI board. I hope my comments about Royis were not taken in the wrong manner. I just get worried when CEO's or Chairmen talk too much in private about the company. That's not to say there is anything wrong with giving them a call. It is up to them to keep it a friendly conversation that is all proper and above board.
In the meantime, I'm checking out the Sheff board here for GREEN penny plays with high multiple potential, like GGLB. It looks like a nice intelligent board here!
Have a great weekend,
CR
Tom: I like your charts too!
They filter out the hype and my Kool-Aid appetite.
DHANA- right, "if"..../eom
DHANA- good question:
Here is the start to an answer:
http://www.rrc.state.tx.us/divisions/og/wateruse_barnettshale.html
P.S. Note this in the next to last paragraph of the TRRC page link above:
"On July 15, 2008, Commissioners approved of Devon's request for authorization for another pilot project to treat and re-use fracture flow-back fluids and produced water from Barnett Shale."
Word is that this latest project involves more than one "contractor" (combination) with a work state date goal of 07/31/08.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30475078
No cure whatsoever,
except a new business plan.
Someone painted the tape,
but I'll take any gain.
This stock is treading water,
but it seems to be growing in Lima.
Looks like progress again today,
congrats!
This is not a hurricane stock,
it is a GREEN energy play. And the supposed longs who put it down will be very surprised soon....surprised and quiet. Until then, they will insist on the last word after every positive post. Just watch their agenda. ROFLMAO Trick or treat!
SEC moves to curb stock manipulation
By Tom Petruno, Los Angeles Times Staff Writer
July 16, 2008
The Securities and Exchange Commission on Tuesday stepped up its war against what it believes is manipulation of stocks by "short sellers" -- traders who bet on falling share prices.
SEC Chairman Christopher Cox surprised Wall Street with a plan to curb illegal short selling in 19 major financial company shares, including embattled mortgage titans Fannie Mae and Freddie Mac. Shares of Fannie and Freddie have been big targets of bearish traders this year.
With the nation's financial system under enormous strain and the stock market in its worst slump since 2000-02, federal regulators are facing pressure to show they're on top of the situation. Cox unveiled the agency's plan to limit short selling at a Senate Banking Committee hearing on financial market concerns.
The SEC chief said the agency was taking action to stop what he said was stock manipulation "that threatens the stability of financial institutions."
In a short sale, a trader borrows stock, usually from a brokerage's inventory, and sells it, expecting the price to decline. If the bet is correct, the trader can buy new shares later at a lower price, repay the borrowed stock and pocket the difference between the sale price and the repurchase price.
Shorting is legal -- unless traders are ordering stock sales without having arranged to borrow actual shares. That would be "naked" shorting, which is illegal, says John Coffee, a securities-law professor at Columbia Law School.
But the rule against such stock plays hasn't been enforced much, Coffee said.
The SEC's new plan is a crackdown on naked shorting of major financial stocks amid what has been a severe hammering of the shares -- to the point where investors are beginning to question the firms' survival.
Beginning on Monday, the SEC will require that "anyone effecting a short sale in these securities arrange beforehand to borrow the securities and deliver them at settlement." The emergency rule will be in effect through July 29, but could be extended until Aug. 21, the SEC said.
What's more, Cox said the agency eventually expects to cover the entire stock market with the new rule.
For the 19 stocks on the list, the change means that brokerages no longer will be able to take a short seller's word that he actually has borrowed the shares he wants sold. And that, in turn, could curb situations in which multiple short sellers are expecting to borrow the same shares for sale -- similar, say, to five different people putting the same car up for sale, knowing that only one of them can deliver the vehicle.
The SEC suspects that some short sellers are ganging up on financial stocks, engaging in naked shorting while spreading rumors that the companies are in dire straits.
The first salvo in the agency's offensive came Sunday when it announced that it would "immediately conduct examinations aimed at the prevention of the intentional spread of false information intended to manipulate securities prices."
That move and Tuesday's announcement by Cox were cheered by the U.S. Chamber of Commerce, which said in a letter to the SEC that "rumor-mongering" by short sellers "has been a significant problem for targeted companies for years."
On Wall Street, short sellers were widely blamed for the plunge in shares of brokerage Bear Stearns Cos. in March that hastened the company's demise. The jump in the number of shorted shares of Fannie Mae and Freddie Mac this year also has triggered accusations that short sellers were trying to drive the companies into ruin.
But veteran short sellers say regulators are looking for scapegoats for the problems financial companies have brought on themselves through bad investments and massive borrowing.
"Now that it's all collapsing, they're trying to blame it on short sellers," said Bill Fleckenstein, head of Fleckenstein Capital in Issaquah, Wash.
Legitimate short sellers bet against companies whose shares they believe are overvalued. That makes the shorts an important element of what academics call "price discovery" in the market. Short sellers find out things companies often would rather that shareholders didn't know.
For the long-term health of the market, "you don't want to restrict people's ability to invest on negative information," warns Jill Fisch, a securities law professor at Fordham University.
Columbia's Coffee said the risk the SEC faced in targeting illegal short selling in a specific set of stocks was that the move could appear to be panic driven, which might heighten investors' concerns that the market decline was spiraling out of control.
The Dow Jones industrial average fell 92.65 points, or 0.8%, to 10,962.54 on Tuesday, its lowest closing value in two years.
Besides Fannie Mae and Freddie Mac, the other 17 stocks covered under the SEC's plan are: Allianz, BNP Paribas Securities, Bank of America Corp., Barclays, Citigroup Inc., Credit Suisse Group, Daiwa Securities Group Inc., Deutsche Bank Group, Goldman Sachs Group Inc., HSBC Holdings, JP Morgan Chase & Co., Lehman Bros. Holdings Inc., Merrill Lynch & Co., Mizuho Financial Group Inc., Morgan Stanley, Royal Bank of Scotland and UBS.
stervc- Royis Ward off the telephone is good,
a very good thing requested by Devon Energy, I suppose, or Chesapeake Energy. The next level of share price will require all manner of new behavior by the company. There should be no more private audiences. There should be SEC compliance. There needs to be corporate responsibility for a company in serious contractual relationships with other public companies. Credibility in the business community is everything. Who knows, share price might even go up for a change.
I'm still loaded too,
it feels good.
Volume precedes price,
the world is imperfect.
Vol. today: 27,745,000
ECCI has a high beta as shown today,
a contract will silence the critics and change the price chart forever. I can dream, can't I? No response necessary! Up 60% says it all. Bitter old longs are selling. Optimistic new longs are taking their shares at depressed prices. Someone always loses, someone always wins. You can tell by their tone, who is who.
GLTAL,
CR
Time for ECCI Management to Respond:
There have been some valid criticisms lodged against ECCI and its management in the last month. Many folks have seen losses in excess of 85% over the last 18 months. Many are hoping for an "exit plan" on any modest price appreciation of ECCI stock.
What is needed (to stop this bloody bounce along the jagged bottom of share price) is some verifiable transparency of water purification contracts in Texas that will yield "enormous" revenue/profit for ECCI. Then folks may abandon their "exit plans" and start thinking about "entry plans" for investments in ECCI stock.
If there are deals on the Barnett Shale, reveal them. If there are test results needed in advance of signing such contracts, reveal the laboratory test results. Indicate how many machines are on the Barnett Shale and how many more are coming. If there are deals in South Texas for the newly announced plant, reveal them. If there are test results needed in advance of signing such contracts, reveal the laboratory test results. Indicate how many machines are in South Texas below Crystal City and how many more are coming.
And one last thing, reveal the current SHARE STRUCTURE in an SEC filing with EDGAR, so the stock market can evaluate the ECCI business revelations. No one can force management to respond, but management cannot force anyone to buy its stock. It can force folks to sell its stock. The ball is in your court and it is near "point, game and match". Don't just stand there with you "racket" in your hand.
I will be buying at these levels,
but only at the bid...just as always. And I'm still waiting for my response from the company:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30662093
Everyone ready for another week
of rock & roll?
Me too, PSU.
At this price, it needs to be real.
John Adams needs to take charge of ECCI
over the last year, there has been a lack of management with vision and good business sense. Where is Michael Ward? He owns a large piece of this company. SOMEBODY NEEDS TO STEP UP AND STOP HIDING IN THE SHADOWS.
IF THE E-C WATERPURE UNITS ARE COMMERCIALLY VIABLE, PROVE IT!
Don't bury me on the Lone Prairie:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30662093
Next Week: Time for ECCI Management to Respond:
There have been many valid criticisms lodged against ECCI and its management in the last month. Many folks have seen losses in excess of 75% over the last 18 months. Many are hoping for an "exit plan" on any modest price appreciation of ECCI stock.
What is needed to stop this bloody bounce along the jagged bottom of share price is some verifiable transparency of water purification contracts in Texas that will yield "enormous" revenue/profit for ECCI. Then folks may abandon their "exit plans" and start thinking about "entry plans" for investments in ECCI stock.
If there are deals on the Barnett Shale, reveal them. If there are test results needed in advance of signing such contracts, reveal the laboratory test results. Indicate how many machines are on the Barnett Shale and how many more are coming. If there are deals in South Texas for the newly announced plant, reveal them. If there are test results needed in advance of signing such contracts, reveal the laboratory test results. Indicate how many machines are in South Texas below Crystal City and how many more are coming.
And one last thing, reveal the current SHARE STRUCTURE in an SEC filing with EDGAR, so the stock market can evaluate the ECCI business revelations. No one can force management to respond, but management cannot force anyone to buy its stock. It can force folks to sell its stock. The ball is in your court and it is near "point, game and match". Don't just stand there with you "racket" in your hand.
Split personality? /em
I'll be buying shares next week,
just like last week. Call me a fool....a greater fool, if you must.
I wonder if the critics are more vocal now
because they are losing money or making money on ECCI's swoon of late. I really would like to know the truth about that issue. But I would have to see the portfolio statements to know the truth. At these levels, a few hundredths of a cent in share price can be a 40% gain or loss. That could explain the volume on the swings. It (scalping) is a more likely explanation than dilution. I wonder if any of our ECCI critics have German as their primary language? LOL
JM: Check back tomorrow or Tues.
We are closer to illumination than many think.
For example, this comment from June's Press Release: -"Company COO, John Adams is on the ground in Carrizo Springs, implementing the completion of the pilot plant with his team and a licensed operator of disposal wells in Texas."- This kind of "plant" does not take weeks and weeks to build. It has been over 2 weeks now since that PR was released. The Barnett Shale is of even more interest and it has been in the works for months. I expect major developments on that front SOON.
Financing News!!!
http://biz.yahoo.com/iw/080708/0414147.html
Back to reality: the technology works-
John Adams just needs to execute his marketing first and sell ECCI's patented technology ahead of the pack listed below.
ECCI just needs some profitable contracts in the 'deep pocket" Oil & Gas Industry around the Barnett Shale:
http://www.futurewaterinc.com/electrocoagulation.htm
http://209.85.141.104/search?q=cache:_jjxHMIOEPIJ:www.usbr.gov/pmts/water/research/DWPR/currentprojects.html+electrocoagulation+gas+drilling&hl=en&ct=clnk&cd=35&gl=us&client=firefox-a
http://209.85.141.104/search?q=cache:TbVK_J7sw40J:www.reuters.com/article/pressRelease/idUS131824%2B17-Jun-2008%2BMW20080617+electrocoagulation+gas+drilling&hl=en&ct=clnk&cd=29&gl=us&client=firefox-a
http://209.85.141.104/search?q=cache:xkrkXoeoRPsJ:www.cardia.com.au/images/cardiaarweb.pdf+electrocoagulation+gas+drilling&hl=en&ct=clnk&cd=26&gl=us&client=firefox-a
http://209.85.141.104/search?q=cache:A2Lwkh-8YLYJ:ww.pennnet.com/News/Display_News_Story.cfm%3FSection%3DWireNews%26SubSection%3DHOME%26NewsID%3D162707+electrocoagulation+gas+drilling&hl=en&ct=clnk&cd=45&gl=us&client=firefox-a
ECCI just needs to sell its service cheaper and more effectively than any competition. The industry is testing ECCI's abilities now, and the plans are mentioned in the last two press releases. But plans are only as good as the results and cost effectiveness of the premises the plans are based upon. Lots of people planned to sell hamburgers. MacDonald's came up with the Big Mac.
koolmc- skyrockets explode at zenith,
I'm betting this "pos" goes safely into orbit if the contract is more than a "pilot" contract. Without a contract at all, pos is the correct code name.
With a pilot contract, the fireworks would at least be interesting. And investor hope would abound for weeks.
If ECCI passed its final exams, we should know soon if it is going to be a pyrotechnics display or a NASA mission.
tkcomputer9999: It has been 2 years without numbers,
numbers that are relatively reliable like these:
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=4600556
I think that there will be filings like this again in the future after there are some contracts announced and there is something worth putting into public financial papers.
No contracts, no share share structure numbers. No contracts, no financial papers filed with the SEC. No contracts, no company profits. No contracts, no shareholder profits.
It is that simple.
COO John Adams has been on the job just 8 weeks. I'm willing to wait and give him a chance. But there are limits to everything, especially my patience.
-"John Adams will be the primary contact and team member responsible for the development and sales of all potential applications and uses of the E-C WaterPure System(tm) including ongoing effort on the Barnett Shale."- :
http://biz.yahoo.com/pz/080428/141076.html
Any word on EcoSphere working with a partner,
cleaning Barnett Shale "frac" waters? There has been some talk about combining two technologies to meet highest water quality specs. in North Central Texas. Anyone else hear such a thing?
Also, any word when EcoSphere will have their plant built and ready to deploy on the Devon pilot project? The recent SEC filing by ESPH indicated that financing was needed /obtained to build the equipment for the Barnett Shale.
tia,
CR
NEWS: Pure Biofuels Prepares to Launch Peru's Largest Integrated Bulk Liquid Terminaling Operation
Tuesday July 1, 6:00 am ET
Terminaling Services to Diversify Revenue Stream, Provide Significant Logistical Cost Savings
LOS ANGELES & LIMA, Peru--(BUSINESS WIRE)--Pure Biofuels Corp. (OTCBB: PBOF - News), a Peruvian-based biodiesel company, today announced it has completed construction of an underwater pipe that will become part of Peru's largest integrated terminaling operation.
Besides the expected cost advantages for transporting and storing raw materials, as well as blending and exporting finished product from its own biodiesel facilities, the Company will make its tank farm available to third parties on a per barrel or per ton per month basis, providing the opportunity for Pure Biofuels to diversify its revenue stream with a high margin revenue source. The Company is going to market its spare storage space to third parties such as refiners, distributors, marketers and industrial/commercial end-users of petroleum chemical products.
Pure Biofuels’ Chairman Chris Tewell commented, “Pure Biofuels now owns and will soon operate Peru’s largest integrated terminaling operation. Our tank farms greatly complement our primary production facility, which includes a biodiesel production plant and a blending facility. We plan to commence our terminaling operations in the third quarter in conjunction with the ramp up of our flagship Callao Port refinery, subject to pending test results of the facility.”
The Callao Port facility encompasses approximately 4.7 hectares (almost 12 acres) of land close to the Port of Callao, the largest port on Pacific Coast of South America. The infrastructure includes a mooring facility capable of receiving Panamax vessels of up to 60,000MT of bulk liquid cargo; and the two longest underwater pipes in Peru, running 4.1 kilometers both with a 14” diameter. The pipelines run to Pure’s tank farm, for reception and delivery of raw materials, as well as for accessing other fuels for blending, and for terminaling services. The site also sits near the La Pampilla Refinery, Peru’s largest refinery.
About Pure Biofuels Corporation
Pure Biofuels is committed to becoming a leader in Latin America's rapidly emerging biofuels industry. Pure Biofuels' flagship project, the Callao Port biodiesel refinery near Lima, Peru, is scheduled to complete construction in the second quarter of 2008 and to commence full production capabilities by the third quarter of 2008. The Company believes Peru's economic growth and expansion, illustrated by recent exponential growth in foreign direct investment, and GDP growth over the last five years, adds to Peru's promise as an attractive geography for alternative fuel production and development. In addition, rating agency DBRS in 2008 assigned investment-grade credit ratings to Peru's long-term foreign and local currency debt.
Biodiesel is a clean and renewable energy source derived from vegetable oil that can be used in unmodified diesel engines. Biodiesel improves overall engine performance, is 100% compatible with existing diesel vehicles and infrastructure, and has proven reliable in over 50 million miles of road testing. Biodiesel significantly reduces harmful exhaust emissions, which contribute to global warming; is non-toxic at any level; and is the first and only fuel to have passed the Clean Air Act. The United Nations expects biofuels to account for a full 25% of world energy needs by 2025.
Well said,
and I agree.
Thank you/eom
Any news for Card Trend about Olympics,
the China rail system or any of the old business plan?
Comment: Bearish
What was the volume on the after hours take down 22%?
Today's price action and volume look bullish,
moderately bullish. Will it close that way? What about tomorrow?
There are always more questions than answers. This company needs to start filing Quarterly SEC reports and then there will be more answers than questions.
Then this speculation would be even more likely become reality:
Posted by: stervc Date: Sunday, June 01, 2008 3:03:42 PM
In reply to: None Post # of 5783
ECCI Mobile Unit Valuation Consideration…
The earlier valuation I posted was derived from considering the rates of water treated to be 100 gallons per minute for the mobile unit and 1,000 gallons per minute for the stationary unit at a price of .02 per gallon:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=28970733
From their 15 May 08 PR, ECCI stated that their mobile units will generate 500 gallons per minute per mobile unit and 5,000 gallons per minute per stationary unit:
http://biz.yahoo.com/pz/080515/142803.html
With the thoughts below, I will primarily focus on the ”ECCI potential” derived from their mobile units.
The earlier ECCI valuation consideration was derived in effort to try to determine a fair valuation for ECCI from some of the variables mentioned in the posts below courtesy of Tkcomputer9999 and the PR above considering if any of the contracts expected are awarded:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29287902
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=28927851
Before we can list the variables to consider, we must first derive the ECCI per minute amount of Income to be generated from each unit through logical deduction. I say Income because from my understanding and research, the money generated from the units will be pure profit. The Expenses have already been taken into account as evident from the units being purchased. Since ECCI have not been previously generating any Revenues, taxes and other Expenses will not be considered for keeping these derivations simple. Please further consider the thoughts below, but I highly recommend reading all of the attached links above to fully understand the following thoughts:
************************************************************************
Mobile Unit Rate of Water Treated
500 = gallons per minute for mobile units
.02 = cost per gallon
500 x .02 = $10.00 per gallon per minute
$10.00 x 60 minutes = $600.00 per hour
$600 x 24 hours = $14,400 per day
In summary, each ECCI mobile unit will provide water treatment at a rate of 500 gallons per minute at the cost of .02 per gallon which equates to Income of $10.00 per gallon per minute which equates to $600.00 per hour which equates to ECCI generating Income of $14,400 per day.
************************************************************************
************************************************************************
ECCI Presumed Variables to Consider:
** 1 mobile unit running per day
** ECCI $14,400 Net Income per day per mobile unit as derived above
** Worse case scenario Outstanding Shares (OS) amount of 350,000,000 shares
Revenues – Expenses (Net) = Net Income.
Net Income ÷ Outstanding Shares (OS) = Earnings Per Share (EPS)
************************************************************************
************************************************************************
$14,400 = 1 mobile unit x $14,400 Net Income per day per 1 mobile unit
$14,400 x 30 days = Net Income per month per 1 mobile unit
$430,000 = Net Income per month per 1 mobile unit
$430,000 x 12 months = Net Income per year per 1 mobile unit
$5,184,000 = Net Income per year per 1 mobile unit
It is expected that they will have 5 mobile units per operation as a minimum. So, that would multiply the total amount above by 5 to equate below:
$5,184,000 x 5 = Net Income per year per 5 mobile units
$25,920,000 = Net Income per year per 5 mobile units
From my understanding, the money generated from the units will be considered pure profit since Expenses would have already had been captured as evident from the existence of the units and from the thoughts I explained earlier above. Now let’s derive an Earnings Per Share (EPS).
Net Income ÷ OS = EPS
$25,920,000 ÷ 350,000,000 (OS) = EPS
.074 = EPS
Since we are not quite sure just yet what Sector or Industry ECCI would trade under, it is a little difficult to determine a finite PE Ratio to use as its growth multiple to multiply with the EPS to determine its fair trading price. Because of this, it is generally accepted to use 12 as a conservative PE Ratio. The share price below would give us the ECCI trading price of where ECCI could ”potentially” be trading if given a contract as what many of us are expecting to be announced any day now:
12 Conservative PE Ratio x .074 EPS = .89 per share
This means that given if the above variables that were mentioned as a consideration comes to fruition to be true as expected, ECCI would logically, fundamentally, and conservatively be worth somewhere in the area of .89 per share.
This also means that the .89 per share represents per increments of 5 units. So…
.89 x 2 units of 5 (10 total units) = $1.78 per share
.89 x 3 units of 5 (15 total units) = $2.67 per share
Let’s add that it’s no secret that Devon Energy is the largest and primary company that is highly interested in using the ECCI technology which is why all of them are there at the Barnett Shale. Devon Energy trades on the NYSE at $116.00+ per share under the ticker of DVN. Is doesn’t get much better than that for establishing a customer/partner for utilizing your patented technology. I have also confirmed that there are a few other NYSE stocks/companies that are interested in utilizing the ECCI technology.
I also have sound reason to know that the price of .02 per gallon that I used with my thoughts above is not even half the price that the major market companies are willing to pay for contracting with ECCI for them utilizing their patented technology. However, I used the .02 per gallon price to also remain conservative. Here’s another reason why DVN logically wants to use ECCI versus what they are doing now courtesy of Waverider110 which further adds to the .02 per gallon being conservative:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29690208
Please understand that the above thoughts are not the gospel. These thoughts should only be used to gage what could be considered as ”potential” ECCI valuation if they consummate a contract with a major company as from what they had PR-ed as part of their plans. Again, this is considering that the variables that were used to derive the calculations for these figures are first officially released then we can use the thoughts above to use as a gage to measure the ”actual” ECCI valuation. So far, a good piece have been ”officially” released which allowed me to be able to calculate the above ”potential” ECCI valuation.
Now here’s the trick with determining the valuation for the use of the ”stationary” units. If the mobile units generate 500 gallons per minute and the stationary units generate 5,000 gallons per minute per gallon, then simply take those share price amounts above I derived and multiply them by 10 to get the ”potential” ECCI valuation if 5 stationary units were used instead of 5 mobile units which is what we think will be primarily used. I hope people see the magnitude and the ”potential” that resides here with ECCI. I think it’s worth taking the risk, especially at these levels.
v/r
Sterling
Green can pay off
a lesson to learn.