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Found this local TV video about car plant in Tunica 7-Oct-09 05:41 pm
Excited for the area. Here's the link:
http://www.myfoxmemphis.com/dpp/news/mis...
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_M/threadview?m=tm&bn=73576&tof=1&rt=2&frt=2&dir=f&ri=734&t=c
Tunica: Investor Announces $1B Auto Plant for Tunica
THIS SHOULD CONTRIBUTE TO MYRIAD'S SUCCESS!
ERIC SMITH | The Daily News
TUNICA COUNTY – Renowned for growing cotton and building casinos, Tunica County soon will make a name for manufacturing cars.
GreenTech Automotive Inc.’s Chinese owner on Tuesday announced plans to bring one of the most ambitious manufacturing and economic development projects in recent history to the Mid-South.
The Mississippi-based startup automobile company owned by Xiaolin (zhee-OW-lin) “Charles” Wang will build a hybrid-automotive plant on 1,500 acres at a rural Tunica County megasite, not too far from the casinos that breathed new life into the area beginning in the 1990s.
With an initial price tag of $1 billion, the project’s first phase is expected to create 1,500 jobs and produce 150,000 vehicles a year beginning in 2012.
Plans call for a later expansion of the plant to 4,500 jobs and more than 250,000 vehicles annually. No square footage of the initial plant was given at a Tuesday press conference.
Wang said the Tunica County site is a perfect fit for the startup company’s line of energy efficient vehicles because of Tunica
County’s central location, proximity to transportation infrastructure and Northwest Mississippi’s work force.
He also told The Daily News the company was attracted to the area because of the advantages that Memphis, just a few miles to the north, brings for the company’s logistic and distribution needs.
“This is FedEx’s headquarters, and we have a great partner in logistics with Mallory Alexander,” Wang said. “They have the facilities and the capabilities in both Europe and Asia, which are the two major continents where we have our technology partners.”
Friends in high places
Wang was referring to Memphis-based Mallory Alexander International Logistics, the third-party logistics company that has worked with GreenTech since February on the company’s import needs. Mallory, for example, ensured GreenTech’s four prototype vehicles made it to Tuesday’s event.
Wang went on to tout the Mid-South’s air, road, rail and river assets as integral to the company’s supply chain once work begins on the plant and once cars begin rolling off the assembly line.
“Those are very important factors when we choose a site,” Wang said.
Tunica Chamber of Commerce President Lyn Arnold echoed Wang’s comments about Memphis being an important attribute for GreenTech’s operation.
“Having a large city near you, having an international airport near you, those things are great advantages,” Arnold told The Daily News. “All the transportation networks that are in the Memphis area, all of those things are important.
Having a large city population and the amenities that the city offers are very important.”
A host of partners who made the project a reality discussed preliminary plans for the plant during a press conference at Harrah’s Casino in Robinsonville. Headlined by Wang and Arnold, the group also unveiled four prototype hybrid vehicles the company plans to build at the plant.
The company hopes to eventually build affordable cars matching lower emissions and fuel-consumption standards that President Barack Obama’s administration wants automakers to meet by 2016.
Wang said he expects the U.S. economy to rebound and for hybrid car demand to continue to rise.
United nations
GreenTech’s prototypes were built in China. They included a midsize four-door hybrid designed to get 50 miles per gallon, a zero-emissions electric car, a high-efficiency gasoline car designed to get 65 mpg and a hybrid sports coupe designed to get 45 miles to the gallon and to go from 0 to 60 mph in less than 5.9 seconds.
Plans for the GreenTech project were first revealed in June, when a messy
lawsuit between Wang and his former partner, Yung “Benjamin” Yeung, became public.
It’s not immediately clear how much money has been raised to make the project happen. The plan before Yeung and Wang split was to raise money through a visa program that provides foreign investors with a chance to get a visa by investing in the United States.
Taylor Beery, president of Gulf Coast Automotive Fund, said Tuesday his group is authorized by the U.S. Department of Homeland Security to work with investors in the project through the EB-5 program, which offers foreign investors two-year green cards for themselves and their immediate families for $500,000 investments.
Once jobs are created and the investors meet program requirements, they can apply for permanent citizenship. He did not say how much money has been raised.
GreenTech was formerly known as Hybrid Kinetic Automotive Corp., but that changed after Wang and Yeung split. The men fought for control of the company before reaching a settlement in July. Both said they will move forward with plans to build 1 million cars a year, though Yeung is now planning to build a plant in Alabama.
Yeung and Wang fought over the terms of their “handshake” business deal and whether they were partners or whether Wang worked for Yeung, according to filings in U.S. District Court in northern Mississippi. Each man accused the other of dubious business practices.
The lawsuit was complicated, among other things, by the fact that the name of Yeung’s company, Hybrid Kinetic Automotive Holdings, closely resembled one controlled by Wang, Hybrid Kinetic Automotive Corp. More than a dozen third parties joined in the lawsuit.
Behind the story
Yeung, also known as Yang Rong, was celebrated in China for leading Brilliance China Automotive Ltd. to become the first Chinese company to be listed on the New York Stock Exchange in 1992. He later fled China after Chinese authorities accused him of unspecified economic crimes. He has denied any wrongdoing.
Court filings in the case said Mississippi Gov. Haley Barbour had been involved in discussions about the plan but Barbour’s office has declined to comment, citing the need for confidentiality in proposed economic development projects.
Wang said Tuesday that Mississippi Development Authority officials brought him to the Tunica site last July.
Company representatives also met with the governor; Mississippi’s two Republican U.S. senators, Roger Wicker and Thad Cochran; and Democratic U.S. Rep. Bennie Thompson, whose district includes Tunica County.
Former President Bill Clinton also has been active in the project, traveling to Hong Kong and introducing company representatives to heads of state at his recent global initiative, Wang said.
Because of confidentially requirements with MDA and others, the plan has been kept under wraps, Wang said.
Mississippi is home to one automobile manufacturing plant, and another is planned but is on hold.
Nissan opened its plant in 2003 near the central Mississippi city of Canton. Toyota announced in early 2007 that it would open a plant near Tupelo, in northern
Mississippi, by late 2009 or early 2010. Toyota’s plans have been put on hold indefinitely amid the global economic slowdown.
—
The Associated Press contributed to this report.
Myriad Makes Feb 2009 land option payment
new filing: http://www.secinfo.com/d122ap.s65.htm
On February 2, 2009, the Company made the second option payment of $50,000 as per the Revised Land Contract.
Press release posted on Myriad webite
http://www.myriadentertainmentandresorts.com/news.asp?table=NEWS&id=17
share lock-up for 5 years
also in new contract: Picture Window LLC and Ken Murphree will be awarded 2M shares collectively at closing, and those shares cannot be sold, pledged, hypothecated, etc. for 5 years
this is all good news. hasn't hit the biz journal, memphis paper, or even yahoo news yet.
on the site
there are two entrances after the first main entrance, and there is a small business, McDonald Outdoor, that makes billboard advertising. it's no big deal, they are actually far enough away on a side road not to be an issue.
however, I think that since they are giving them only a 6-month renewal means that they want them out of the way, and that bodes well for real plans that Myriad anticipates
New Contract, Payment Made
http://www.secinfo.com/d19aNn.s1e.d.htm
http://www.secinfo.com/d19aNn.s1e.htm#1stPage
Lopardo made a $50,000 payment Jan 5, 2009.
Positive changes:
1. There are phone numbers and addresses for management.
2. More detailed dispersion of revenues are given example to.
3. Infrastructure such as permanent pilings are discussed.
4. Payments go directly to seller and are not held in escrow.
5. McDonald Outdoor, existing business, is discussed for first time, and they might get 6 more months on a lease that ends May 2008.
agree
see if the cycle improves. one to watch with this is LVS for the large crowd moves, and oddly, SWCC, the same group that makes markets in MYRA, does so in SWCC
thank you camp
and yes, I should have checked on him. i hope the pictures and info make up for it. check my yahoo post, went to the site again today. i half expected a cop to show up, and he did. 3rd time.
are you aware of debenture for Nov 09, we might have to wait til then. we'll see tomorrow. here's a holiday wish that the closing print tomorrow reflects $100M rev on 1 year, no dilution. that'd be... $2.12
no! oh no! yes ! oh yes! no no please don't!
Divulge away Pinkie, here's some advice:
Try to imagine yourself as an infant, new to the world, innocent, a point of humanity to protect. Then, look at yourself now. Are you acting in a way that suits an orderly universe?
NO ONE CARES WHAT YOU SAY HERE. If you really hate, or love Lopardo, sounds like it to me, then you should take all of this to him. Everyone here knows the risk in penny stocks and with the current CEO.
Thank you. Goodbye.
werl, I have been back to the site before
but I did not go back there immediately after seeing these signs
I wanted to get a shot of the Treasure Bay site, you can just about see it in the background where the road goes over the levee on picture # 5.
you are welcome
rsox, anyone else wants more pics send me an email
NEW SIGNS AT MYRA SITE (5)
THESE SIGNS WENT UP THIS WEEKEND. THIS IS A SHOT OF THE ENTRANCE TO THE LAND THAT MYRIAD HAS THE LAND OPTION ON.
IN THE BACKGROUND YOU CAN SEE THE OLD TREASURE BAY SIGN.
NEW SIGNS AT MYRA SITE (4)
BEHIND THE TREELINE IS THE LEVEE, BEHIND THE LEVEE IS THE PROPERTY MYRIAD HAS THE LAND OPTION ON. THAT IS THE GOLDSTRIKE HOTEL AND CASINO (AND HORSESHOE) NEXT TO IT.
NEW SIGNS AT MYRA SITE (3)
RIGHT SIDE OF ROAD TO MYRIAD ENTRANCE
TREASURE BAY SIGN BACKGROUND, LEFT
NEW SIGNS AT MYRA SITE (2)
MY CAR
NEW SIGNS AT MYRA SITE (1)
THEY WENT UP THIS WEEKEND
IN THE BACKGROUND ON LEFT YOU CAN SEE OLD TREASURE BAY SIGN
What is that bank Lopardo worked for..?
And where does he live? Oh, it's the very first bank mentioned, in his home state!
http://www.boston.com/business/articles/2008/10/14/us_bolsters_banking_system/
Boston financial services giant State Street Corp. and Bank of America Corp. are among major banks and institutions set to receive $250 billion from the US Treasury as part of an unprecedented plan to spur lending.
Turkey Seller
I guess today's seller of 50,000sh needed his $5K. Anyway, who knows. But I believe, unless it was forced selling, which I think it was not, by the 5000 dished out every five minutes, that he will regret it. Why? I have no clue.
But, http://www.nytimes.com/2008/11/26/business/economy/26fed.html?_r=1&ref=todayspaper
U.S. Details $800 Billion Loan Plans
that might make a difference.
$.8B/$800B = .001% of the money available. We can't get that?
Please...
in fact, 3rd lowest vol week was
last week. it has been three years since volume has been so inactive, and look what happened after each of those low volume periods, kaboom...
also, it only took $75 to make today's print .15; but the reality is that 5000 went off at .10 and it would have closed there if someone (not I) hadn't bought that 500 three minutes before the close. my point is that i find it almost funny that it can just go down so much on so little
but that's the positive. if it had been 100,000 then it might mean something bad. as it is, i am not worried. actually, if you look at the expiration on Lopardo's debenture, Nov 2009, you might gander that they still try to get it done before then
i hope we get a holdiay Dec 2 surprise, but I think anyone can understand if any deal was consummated and then put on hold
agree most of the good volume has been taking the ask
and money flow is at it's highest yet this year, even higher, of course, than when I last posted the money flow chart
i can't help but believe something is coming, maybe not on Dec 2, (it might though), but sometime in next 9 months
commercial loans made to mid-sized company are up 24% since a year ago
Bank of America (BAC, Fortune 500), meanwhile, originated more than $50 billion in mortgage loans and more than $6 billion home equity loans in the third quarter, said Anne Finucane, the institution's global marketing and corporate affairs executive.
Overall, the funding of new loan commitments has increased by 6% this year over previous year, Finucane said. The bank is also actively buying mortgage-backed securities, adding liquidity to this market that's crucial to funding new loans.
At Wells Fargo (WFC, Fortune 500), commercial loans made to mid-sized company are up 24% since a year ago, while consumer loans are up almost 9% in the third quarter compared to a year ago, said Jon Campbell, Wells' regional banking president.
http://money.cnn.com/2008/11/13/news/economy/dodd_hearing/index.htm?postversion=2008111310
to be fair
that was real selling today
interesting though that is was 59000 shares, same number bought yesterday
I think market makers had to get theirs'
weekly Relative Strength Index indicates big pop coming soon
we'll see
Purchases
Time & Sales
2:02:47 PM Trade 0.2 15000
2:02:46 PM Trade 0.2 2555
1:28:40 PM Trade 0.2 1000
1:21:47 PM Trade 0.2 10500
1:21:01 PM Trade 0.1910000
1:20:58 PM Trade 0.2 10000
1:20:35 PM Trade 0.2 700
1:20:32 PM Trade 0.2 7270
bid was .20 for an hour or so too
this is MYRIAD ENTERTAINMENT - being BOUGHT, long term
this is GENERAL MOTORS - being SOLD, long term
Wall St ends higher on signs of credit thawing
http://www.reuters.com/article/businessN...
NEW YORK (Reuters) - Stocks ended one of their worst months on record, but signs of further thawing in credit markets lifted battered shares on Friday.
The Dow Jones industrial average was up 144.32 points, or 1.57 percent, to end unofficially at 9,325.01, based on the latest available data. The Standard & Poor's 500 Index was up 14.66 points, or 1.54 percent, to finish unofficially at 968.75. The Nasdaq Composite Index was up 22.43 points, or 1.32 percent, to close unofficially at 1,720.95.
For the week, the Dow unofficially rose 11.3 percent, its best one-week percentage gain since October 1974, while the S&P 500 unofficially climbed 10.5 percent, its best one-week percentage gain since at least January 1980. The Nasdaq unofficially climbed 10.9 percent for the week.
October was a different story, going down unofficially as the worst one-month percentage drop for the Dow since August 1998 and for the S&P 500, since the October 1987 market crash. For the Nasdaq, its percentage drop in October unofficially was the worst monthly percentage loss since February 2001.
(Reporting by Rodrigo Campos; editing by Jan Paschal)
Money Flow
Signals are generated when there are divergences between the Money Flow and price.
* When the price is trending downward while money is flowing into the security, it is a sign that some savvy buyers are accumulating the stocks.
Another new buyer
0:17 SALI 5000 0.165 (up arrow)>
see that arrow, new relative high bid.
gee, look what these guys do:
http://www.sterneagee.com/sali/ecm/equityresearch/Pages/equity-research-coverage.aspx
someone is still buying
3:58:51 PM Trade 0.18 3000
3:54:18 PM Trade 0.18 500
1:58:16 PM Bid 0.15 5000
1:58:14 PM Trade 0.16 2000
1:56:35 PM Trade 0.16 5000
1:55:22 PM Ask 0.18 5000
1:54:52 PM Ask 0.17 5000
1:20:10 PM Trade 0.16 10000
12:37:27 PM Trade 0.16 3000
12:32:07 PM Ask 0.18 5000
11:39:53 AM Trade 0.16 1500
11:39:48 AM Bid 0.16 5000
11:38:56 AM Trade 0.16 5000
11:38:56 AM Ask 0.2 5000
11:38:55 AM Bid 0.15 5000
11:38:54 AM Bid 0.16 5000
11:13:30 AM Trade 0.15 11000
11:13:30 AM Ask 0.16 5000
10:11:06 AM Ask 0.2 5000
9:57:07 AM Ask 0.18 5000
9:02:13 AM Ask 0.2 5000
good purchases today
.14 bid is hit and bid moves up! to .15. now bids hold up and two are at .15 UBS most notably. yesterday .11 became .14 and now two .15s; and new ABLE market maker buying few days ago; and money flow highest since breakout
Kerkorian, the primary shareholder of casino operator MGM Grand (MGM, Fortune 500), said he was selling the Ford shares because he sees "unique value in the gaming and hospitality and oil and gas industries."
this one has the best
layout, all the newest information
http://www.sec.gov/Archives/edgar/data/1042501/000111650208001680/ex101.htm
Stocks gain as credit markets show signs of easing
http://news.yahoo.com/s/ap/20081017/ap_on_bi_st_ma_re/wall_street
ABLE is the
market making arm of Netixis Bleichroeder, an invesment group.
(A B L E are the call letters on Level II quotes)
this is Netixis' website: http://www.blr.natixis.com/en/na-research.html
they underwrite IPO's, they provide capital, and as an agent and a dealer, they can trade for their clients' and their own accounts
can you speculate what might be happening if they are buying Myriad stock and have resources to provide funding?
this seems to be new
Myriad has also arranged an option on additional property contiguous to the site.