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Hi geopressure: glad to see you here. Article in Seeking Alpa this AM says that GSVSF has applied for a number of patents on the process.
http://seekingalpha.com/article/317173-gasfrac-energy-services-fracturing-game-changer
600K @ 0.0078 average. Hope to get my total up to 1 MIL (first time in my life I have even dreamed of owning that kind of number!)if we have a little pullback. This is looking like the up move of a typical penny "pump and dump" chart after a big pump has been put out. The difference we don't have a pump - we have the Mississippian Lime Play. So where will the "dump" come from?? All I can think of is outside events like European debt blowing up or oil and stock prices dropping a lot if we get a world wide recession. None of my shares will be offered unless the things I mentioned above happen. GLTA
My understanding is that once the AOAC RI gets the Applications and data packages from M.I.T., their testing/review/approval process takes another 6 to 8 weeks. That is why SuperGoldRush has been talking March/April for obtaining officially approved CERTS. It could be that one of the "big announcements" at the DEMO or shortly thereafter is that the Applications have been finally sent in. Good luck.
tob999: How could the CERTS come "any time now" when we do not even have confirmation that the applications and data packages for the E. coli and Salmonella CERTS have been sent to the AOAC RI? The cost of performing these CERTS is $110,000 per CERT = $220,000 total. I do not know what the payment terms of AOAC are, but they surely must require a good chunk of $ to be sent in with the applications. Obtaining these funds should be the highest priority item for Mr. Brennan and that could explain the move with Duchess Finance and the big block trades we've been seeing. If you have any solid information on any of the above issues, please share it with us.
Thanks Sparks. This is tortuous story while reading your wonderful synopsis. I can only imagine the effort (and skill on your part) that it took to glean all of this from court documents. Lets hope justice is done to HLNT. GL
I have no idea how many others got the PM.
Got your PM and board marked you. Which board did you see me on? I have never posted on any of the boards that you have been on recently.
Thank you. Can't imagine how he found me as I have never posted on any of the boards he has posted on recently. Must've read one of my posts on another board.
I just got a private message from I-Hub member "LotusUp" asking me a question. I have an L2 subscription so I cannot answer with a private message. I searched all of the boards that I have recently posted on and do not see "LotusUP" anywhere. Is there another way that I can find a board has posted on so that I can answer him?
Thanks
Ooops. Just read your post #46490.
Digra: I love your posts! Please don't be afraid to more of your native aphorisms in your posts. Makes wading through a hundred dreary pumps worthwhile to come across one of your jewels. GL
Dr. West: Finally, someone who is concerned about the actual facts of the situation. Glad to see you here. I'm going to give you a "follow" click (I think its called a "personal mark"). Wow, when I looked at your profile, I saw you've been an IHuber since 2006 and have made only a couple of posts. Hope that what you saw in MMTC will turn out well for all of us. GL
BSW: I totally agree with all of that. And that is why I have invested more of my IRA in MMTC stock than any other stock that I have ever owned. Perhaps I was traumatized by my experience in the offshore oil industry and imagine boogeymen hiding where they really do not exist insofar as the MIT1000a is concerned. Guess we will just have to see what happens and "roll with the punches" should there be a black eye or two waiting down the road for us. In the meantime, you can count my deferring to the arguements you have presented as a "feather-in-your-cap" as Colonel Cathcart in "Catch-22" would have said. Thanks for taking the time to chat with me about this. GL
Hope your are right BSW. I admit that I am not an expert in how the food industry works. Just trying do what I can to prevent big headaches for M.I.T. once the 1000a gets out into the real world. In my post I was only referencing my own experience in giving testimony at a deposition. After my 15 minutes of Editing was over, I remembered how our chief engineer, who did have to testify at several trials, told us how the lawyers kept bringing up the concept that our product did have an "implied warranty" to "save lives" against a "SPECIFIC PERIL(s)". To me, that makes the liability concerns of the MIT1000a pretty darn similar to the product that I worked on. Our perils were hurricanes, sea ice, and well blowouts, whereas MIT1000a "perils" are foodborn pathogens.
I totally believe in the value of the MIT1000a. Just trying to pass on the benefit of my past experience to Mr. Brennan so that the compay will be protected if and when some bad things happen.
SRG: Everything you say is reasonable and logical, but you are not thinking like a lawyer. The enthusiasm for the MIT1000a is generated on this board because it will "save lives" and "prevent illness" etc. And I agree it will. But there will be cases where batches of food products are shipped out which have pathogens in them because the random samples used to do the tests were taken from "clean" areas of the lot. If someone dies or people get seriously ill from consuming a contaminated portion of the lot, all the "usual suspects" will be dragged into court whether they are guilty or not. The computers, cell phones, and other examples you provide in your post are in a totally different class product from the MIT1000a because they do not have an "implied warranty" that they will "save lives" the way the MIT1000a does. You yourself say that "The MIT 1000a post no risks if used properly". That was same logic of the management of the company that I worked for. In my experience, the court cases found that the developer and seller of the product was at least partially responsible to make sure that the product was "used properly". The action of having M.I.T. certified per the applicable ISO standard will put in place a quality system that would demonstrate management's effort to ensure that the product was "used properly" and generate the documentation of prove it in court when the occasion arises. The cost of doing this would be about 3% of the fantastic profits that this company is expected to generate.
So what is the problem here?
Sorry that I am so paranoid about this. I have said my piece, and will never bring this subject up again.
Good luck to all and have a great 2012.
The idea of leasing MIT1000a machines to individuals MUST include sufficient support and control by MIT on the lessees. Do you realize how much potential liability each MIT1000a represents? Many of the posters on this board seem to believe that widespread use of the MIT1000a will eliminate food poisoning outbreaks. My feeling is that use of the MIT1000a will greatly reduce the incidents, but never eliminate them totally because the process is based on SAMPLING, which is NEVER a guaranteed method because there is an economic tradeoff to be found between the number of samples to be taken versus the cost of the failure to take enough samples to guarantee 100% coverage.
I spent the early part of my engineering career with a company that made safety equipment for the offshore oil drilling industry. I know firsthand what it is like to be grilled during deposition hearings by attorneys for the families of the deceased or badly injured. These guys are merciless, cast their nets far and wide, and can magnify what would seem to be the slightest lack of foresight into a willful act of failure to practice due diligence. The company I worked for made a great product, had a good maintenance program for the equipment and excellent training programs for the crews that had to use the equipment in an emergency. Where management dropped the ball was in developing a quality assurance program to verify and record that requirements were being met on every one of our installations. Thus, the company was easy prey for lawyers, and its insurance rates went up so high that they wound up being taken over by a competitor.
When SGR posted that Mr. Brennan was open to suggestions from investors, I sent him an e-mail expressing my concerns on this issue. He never replied. I know that MIT is in a tight spot financially right now, but when the CERTS gets approved and the sales orders start rolling, in I hope that Mr. Brennan will have the time and funds to devote to addressing this problem. In my subsequent career, which was mainly in aerospace, I worked for highly technical companies which were certified per ISO-9001. I understand that there are standards for medical equipment such as ISO 13485 and others. It will be absolutely necessary that MIT get certified to an applicable ISO standard and make it mandatory that its lessees be trained in and comply to that ISO standard. Otherwise they would never be able to obtain or afford the liability insurance needed. But even if MIT drops the idea or leasing, getting certified to an applicable ISO standard will be of huge benefit to the company and its shareholders.
Question for Mr. Brennan at the Jan 5 DEMO. “DO YOU PLAN TO GET M.I.T. CERTIFIED PER ISO 13485 (or other more applicable standard) AS PART OF YOUR BUSINESS PLAN?
****************************************************************
Just one example of how working to an ISO Standard would upgrade MIT’s current method of operating the MIT1000a.
******************************************************************
The MIT User Guide Log Entry sheet shown on page 15 of the User Guide calls for the following data entries:
• Incubation Temperature
• Incubation Start (time and date)
• Incubation End (time and date)
The manual gives and operating range for the MIT1000 of 49F to 95F, but the important issue is the temp. of the machine while the sample was being tested because it should be in the
same range as the required Incubation Temp. There should also be a place for recording this in the log. Furthermore, I think any lawyer worth his salt would challenge the validity of using points of time for such critical data. A continuous temp. recording chart which is kept as part of the data package for the test would hold a lot more weight in a trial.
P.S. I hope that some of you attending the DEMO are familiar with ISO and can understand what I am talking about.
janey: MIT is not peddling Hula Hoops or another AP for the I-Phone. This is highly specialized product directed at a specific industry. When was the last time you saw a mass media advertisement by Intuitive Surgical (ISRG), or Medtronic (MDT)? All MIT has to do is concentrate on getting MIT1000a systems working for a few dozen medium size food processing companies and the industry grape vine will take care of the rest. If you had ever worked in an industry (other than the stock bashing one), you would know that one of the main efforts of competent managements is knowing what their competitors are doing. If the MIT1000a performs as presented to the investors, there will no need for local news broadcasts or N.Y. Times articles to get the word out. Successful results for the companies that start using this product will be picked up the trade journals very quickly, especially if MIT is able to post even small ads in them.
Hi Admiral. Thanks for clarifying your situation with regards Renfro. For a while I thought that you were in on the scam. Glad to find out that you were not. Luckily, I didn't go super heavy into BRZL, but the experience still cost me. Kept 100K in my account just to have that red number looking at me every day on my Trader Work Station as a reminder never to trust pennies. Have more that made up my BRZL losses with SIO?, a real oil sub-penny that just entered pennyland. But just to show how the BRZL experience affected me, I am still afraid to bet really big on it. Hope Sam finds a good merger candidate. Wish all you BRZL veterans a great 2012.
One of those buys was my 150K at 0.0060. That'll be the last for me for a while though, until some positive actual (= factual) news comes out.
GL
Hi Iwrin;
I was studying the ADVFN site during the quite weekend, looking for a way to IGNORE certain obnoxious posters. I went to your profile and found some boards that you posted on and found one that had all kinds of help - like how to use IGNORE and how to load a image onto a post etc.. I did not bookmark it because I thought it would be easy to find again. But I cannot find it. If you could send me the link, I would sure appreciate it. Thanks and have a great holiday.
Windansea.
Sparks: Would you mind providing an update on what happened with the John Deer test on the Wildcat? Thanks.
John CM: Your post was at 11:04:11 EST. Did you get a fill later in the day? I got my fill of 100K @ 0.0065 at 13:42:22. I had a GTC open order from a previous day. I do not know if Market Makers put orders in a que based on time sequence, but that may be the cause of your not getting filled = other 0.0065 orders being ahead of you.
I think you are being a bit naive, KyMike, to expect lawyers to be enthusiastic about eliminating a source of their business.
The MIT1000a should have enough merits to catch on fire once a few big producers in the food industry try it. GL
Hi; got in a couple days ago at 0.9. Nice friendly board you have here. Hope this one will grow, even in slowly. Was pleasantly surprised to see it up this AM. GL
Sorry Bankshot: as an old geezer myself, I can speak with authority that there is no such thing as "ageless beauty". Weep for our misspent youth. (my first attempt at posting a pic on IHub)
| Back to Post |
Brigitte Bardot, 73, Sep 2007
(obviously not successful)
Hi Sparks: thanks for your PM of 11/15/2010. Been watching the trials and tribulations of HLNT and decided that I couldn't resist getting in at today' price. Hope all goes well for the company in the lawsuit/Arbitration. Perhaps my buy was in sympathy for HLNT, as I personally have been dragged into an Arbitration in California as well. You are doing great DD for the board and I hope that you and all the others here will be rewarded. GL
bankshot: in hopes of relieving the tension around here, perhaps you could post a pic of what BARDOT looks like today. scary!
Thank you geoP: Great to have someone with your technical knowledge posting on this board.
geopressure: can you please provide some information on the impact of horizontal drilling on the rights of mineral owners. I have read about farmers in the Baaken Oil/gas field area who suspect that drilling rigs have been set up near the edge of their property lines so that the drillers could drill horizontally under their land. They get absolutely no benefit from their mineral rights.
If SIOR is buying up small isolated patches of rights, they (we) would be subject to the same kind of shenanegans as those farmers in North Dakota. Thanks.
"jwez" RE locking up shares. I do not know how other brokerage houses work, but my broker - Interactive Brokers - told me that they cannot or will not lend out my shares of any stock for shorting unless I am using margin (borrowing money from them to buy stock).
Great idea "jwez". I will put mine up for sale on Monday. Thought I recognized "jwez" from somewhere else and sure enough, you'er on the MM?? board as well. Guess we should do the same with those shares as well. It is heartening to see the news on post #30787.
This is a penny that at least has some physical product that appears to have a potential for growth. Good Luck.
What HAppened? Opened at 0.57!!. Got filled on 5,000 at 0.7 GTC BUY order I had laying out there. See the bid is still at 0.7.
Could be in interesting day.
I am quite happy with Interactive Brokers. One caveat is that there are a lot of junk pennies that they will not carry. But they do broker penny stocks like SIOR and a few other good ones I have had in the past. GL
BesideStillWater: I can't figure out whether you think my questions are "silly" because they bring no added value to the discussion, or because is it is "silly" of me to expect an honest answer to them from MMTC's management. I believe that the company has put a lot of work and treasure into the developing the MIT1000a and getting the first set of software modules certified. They are probably busy with a lot other priorities much higher than answering e-mails from stock holders. If Mr. Brennan refuses let me ask a question about insurance at the Demo, I will be sure to let everyone know about it and let them make their own decisions concerning the importance of that issue. I am long this stock - but only to an amount which I can afford to lose. I will add more after approval the the 2 outstanding certs results in some solid evidence of future sales of product.
SGR: Ref my post # 44141. I spent the last week researching how traditional and “rapid” methods of detection and confirmation for the presence of Salmonella, E Coli, Listeria, and others are accomplished in food processing facilities. I have concluded that that the ownership and responsibility for the process of creating and verifying the integrity of the cultures traditionally belongs to the facility and not to product or method used to make the final “fail” or “pass” decision on the presence of pathogens in the food. Therefore, please do not bother Mr. Brennan with my requests for items #1 and #2 in that post.
I was surprised to discover that there are so many competing companies and techniques in this business. All of the competing processes appear to have drawbacks such as longer time requirements to develop a verifiable confirmation, use of consumable materials which must be discarded after each test, and/or higher man-hours per result. I was also surprised to learn that many of the pathogens of food safety concern have multiple species. Salmonella has two, E Coli has 4, and Listeria has 6 (though only 1 is harmful to humans). This phenomenon may present an opportunity to MIT in expanding its library.
I was finally able to download the Users Guide for the MIT1000. The calibration check(s) and scope of data entry requirements found in the procedure have increased my confidence that the technical side of the house at MIT knows what it is doing.
My only question remaining for Mr. Brennan would be with regards to how liability insurance fits into his business plan. I spent part of my career in a company that produced a “life saving” product – and it did save a lot of lives. Inevitably though, bad things happened and when they did, that company got sued whether we were at fault or not, because when people get severely injured or killed, everybody sues everybody. I hope that he will be prepared to answer questions on the subject of insurance at the Demo.
SGR: There are a lot of dire predictions out there for 2012. Europe disintegrating, another serious recession - Globally and in the U.S. with the S&P, DOW, etc crashing. I did not start looking at pennies until 2010, so I could not experience how they performed in the 2008 debacle. There are no penny indexes (that I know of) to provide a history how pennies did during that time. I think that if those bad things mentioned start happening, MMTC should hold up pretty well, but may not skyrocket as some expect unitl the general recovery begins. Since your identity was born about the same time as mine, you may be in the same boat as me. Do any other board members out there have examples of pennies that did really well during 2008? Thanks.
Read the I box on AQLV's board.
".....drug-free medicine, AquaLiv is providing innovative, ingredient-free solutions to the world's largest problems."
Best laugh I've had in a while.
By "profit" I guess you were referring to your trading profit, not any profit AQLV ever made. LOL (first time I've ever used that achronym on IHub).
Hi Tweety: If I get a positive response to my questions, I'll be happy to pick you up and carpool to San Clemente. Thanks for the offer on the gas.
The whole point is about the "lab guys". I hope some of them have experience in an actual food plant out in "the real world". Many of the potential customers for the MIT1000a will be conscientious, sharp managers, but there are always a few marginal ones, cutting corners, etc. to save a few bucks that could create the nightmare scenario. This is what I want to be sure Brennan is prepared to cope with.
I went though to NKRN Intro Message and the Nikron web site and could not find any reference to any patent(s) that they might have to protect their process. Also sent a message via the "contact us" page of their web site asking about this with no response. Anyone on this board have any info on how they will protect their process?
SGR: My schedule for January has been changed and I will be able to attend the demonstration in early January. Here something I would like clarified before I commit to go:
I watched the video on the Rapid Microbial Identification System Overview. The narrator states (paraphrased) that, "Sample preparation is very simple, and has 6 simple steps that take about 1 minute. Inexperienced lab technicians can learn the procedure in about 1 hour."
The process starts out "with a colony of IDENTICAL microbe samples on a culture plate". WHOA!!!!
1. Who is responsible for creating that culture plate? If I am a food company turning our tons of hamburger meat every day, how do I get from a sample of hamburger meat to a culture plate growing IDENTICAL microbe samples?
2. The effectiveness of the MIT1000a will only be as good as the sample on that culture plate. Where does MIT plan to take control and responsibility for the process? From my past work experience, I feel MIT must set the standards and have a way of verifying that those culture plates are being prepared per their specification. Otherwise, food shipments will be going out with a “passed by MIT1000a” inspection record which could be meaningless. At the first occurrence of an outbreak of salmonella, listeria, or E. Coli from a food source which was supposedly verified “clean” by the MIT1000a, lawsuits will result and the company’s reputation will be damaged – perhaps fatally.
I do not expect a detailed answer to 1. and 2. above via IHub, but only the assurance that Mr. Brennan will be able to address these issues at the demo. Thank you and GLTA.