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The part I like most, is they have no reason to dilute now, no new debt (no convertibles lurking) from raising that cash, a real $$ invested value to value the shares, and 10 times the cash they need to build the pilot plant!
This next MVTG train ride will be vertical, straight up, with no stops!!!! Get em now while they are still cheap!!!! DON'T WAIT!!!
Hard to say, it might drop another 50% this summer before it really bottoms. Just depends on the news and worlds markets. Their next financial report will show a huge drop in cash, and huge increase in plant assets, the new production plant that was fired up in December. But there is a long road back to trust needed here, needs a new financial officer, more directors IIRC, new auditor?
I would not sell here, but I would be prepared with dry powder for one more sell off buying opportunity, should it happen, as we may see a drop in profit margin now that the new plant is operating and undergoing depreciation until sales get even higher. People will worry about the cash drop till they see steady profits continue. I am averaged in at about .80, will add at about .20 if it ever gets close to that. I am in this one till the cows come home, LOL!
News is out today on the JV. Seems to be a done deal!!!
Actually I own 4 china battery stocks, CBAK, ABAT (which I am watching for a bottom to buy more), CRTP (lead acid batteries), and CSGH that makes electrodes (has mining operations cobalt and Lithium, rare earth chemistry and lithium iron phosphate electrode supplier to ABAT and CBAK).
If ABAT hits .20 (or close) I will load the boat with more shares. Also watching to buy more CSGH. Holding them all long term.
Well, while MNLUD was on the sidelines here, they landed 3.2 million in cash with out dilution of the public holding company by selling 30% of the subsidary company owned by the public company, putting a .12/share cash in the bank value on it (cash plus the other 2/3rds for just the one subsidiary), so the public shares are still selling for half of the value the cash deal just raised making it a steal here.
LOL, CarboSci shows off a cute new Kitty about once every 8 weeks, not as often as the algae oil guy, LOL, but the same scheme and technique, with out ever getting any thing to market, IMHO. I had high hopes for both, as well as MNLUD 2-3 years ago, but they never got out the gate. MNLUD miss calcalculated big time at several stages, and the NG market has all but closed the coffin on it.
At least we get cheap NG and electricity here while we all go broke bottom feeding, LOL!
But seriously, if there is a nasty sell off this month, market wide, don't forget to buy some mantra as it is only about 2-6 weeks from exploding unless the world ends first.
I will be here, watching this one tell the cows come home!!! Someday, hopefully maybe in my lifetime, there will be money to be made off that MNLUD NG at BV. For now the chemical companies that use NG for feed stock and fuel to make industrial chemicals are probably the real benefactors of the NG price collapse. I am reading stuff all the time now about expansion on the Gulf coast to make more oil and plastics from NG in the USA now. If they are smart, they will export the plastics, high value stuff, made from cheap NG, instead of exporting cheap NG, as LNG. It will have a huge effect on the trade deficit that way!!!
LOL, MNLUD down 54% but there is still hope! Sounds like me talking, not you, LOL!
By the way, did you notice what happened in January to my other jewel, Mantra, up 1500% and holding steady?
Oh, and NG was down today, about to finally drop under $2, OUCH!!!
One of the old problems we had was no news for months while the CEO was in China, so this sounds like a positive development, and the stock price today fought the market collapse rather nicely!!!
Maybe we can hire a few hundred of those out of work wallstreet protesters and park them in front of Wilmont's house, and give him some REAL motivation!!!!
At least he is not selling out too cheap!!!! I'd be real pissed if he gave away the farm for nothing. Who knows, maybe he can find another Wilmont with money burning a hole in his pocket and sell out for the big bucks, LOL. Oh well, I can at least dream while I loose money here, LOL!
ROTHFLMAO!!!!
Grab em (EGOH) while we can!!!
So has Wilmont sold finally?
Or is it just time to grease the wheels with green stuff or oil, LOL.
NO idea, did not get one that I know of. Could it have been the proxy for the annual meeting, vote?
We are not ignoring any questions, we already know the answer, the cost is minimal per well, and the RTO is about 3 months. The problem is not the wells, the RTO, or the cost of equipping the wells, in fact some are equipped and ready to operate. The problem is the CEO, and the TRRC wants him replaced, or they want the fines paid and the well casings tested, verified to be intact (no leaks) and repermitted to go back into service pumping. If you want to know the truth, read the posts here by Screaming Eagle and Wildcat Driller for the last 12 plus months. The rest of us already know the entire story, history, real risks, and the potential rewards if Wilmont, the CEO, finally sells or gives up control to a real JV partner.
Rally time, TGTX is on the move back up again!
Today looks like today is a good day to start buying cheap shares here!!!!!
Spread is down to .001/share, bid .06 and ask .061, I am grabbing some at the ask again!!!
In case anyone is wondering, last time I posted that it was time to buy here, was December when we hit .004/share!!!
It is time to buy again folks!
10K is out today. It has the best detailed write up I have seen yet on the engines history, and details. Here is small piece from what is a huge, long, extremely well detailed document that seems to cover every nitty gritty detail of the prior 10+ years!!!
http://www.sec.gov/Archives/edgar/data/1138978/000118811212000996/t73065_10k.htm
http://www.otcmarkets.com/stock/TTEG/financials
This is also something I just found:
http://www.ttengines.com/chinese/stockquote.html
Our product is slated to be a new energy-efficient, Detonation Cycle Gas Turbine Engine (“DCGT”) for heavy-duty highway trucks as well as other potential applications. To date, we have no marketable product and will rely on the research firms of AbM Engineering and AMEC and our Strategic Alliance partners to continue the development and testing of a 540 horsepower prototype that will conform to our licensed application. Since our inception, we have continued to raise capital to bring this patented technology closer to where it can be utilized in a common market. The application demanding the most change is the highway trucking market.
4
Detonation refers to an instant burning of a fuel-air mixture producing an explosion. Cycle refers to the explosion happening in one chamber and then in another chamber, repeating over and over again. Gas is the fuel which is in a gaseous state. Turbine is a rotating wheel or disk connected to a shaft spinning in one direction. This combined process along with the Electromagnetic Isothermal Combustion “(EIC”) process creates the high efficiency, low emission engine that we intend to bring to market.
Alpha has completed the design and prototype of a 540 hp engine for use in highway trucks. Therefore compliance with state and federal regulators will not be a factor until we have an engineered prototype in a test vehicle here in the United States. Alpha completed all research and development in 1997, which resulted in a patent being issued in 1999. Alpha has completed the design for the truck engine. The Company is currently testing the 6th generation prototype, however, this takes a considerable amount of money.
Under our Agreement with Alpha, they will continue to consult and advise with AbM Engineering on future development of this 540 horsepower DCGT highway truck engine prototype at AbM’s facilities in Daytona Beach, Florida. This new energy efficient detonation cycle gas turbine can be designed and manufactured as a new or replacement engine for all heavy duty trucks that utilize engines ranging from 300 to 1,000 horsepower.
It was our initial intention solely to target 18 wheel class 8 vehicles commonly used for transporting goods throughout the United States for distribution of our engine, however, based on the interest among numerous Chinese companies, the Company has expand that goal by pursuing other applications of the DCGT engine technology as deemed necessary and appropriate to further the development and commercialization of the engines.
PATENTS AND LICENSE
Patent #6000214 is a novel patent with a 20-year life from the filing date of December 16, 1997. The patent was based on research and development beginning in 1984, which included the design, construction, and testing of four (4) working prototypes. The patent attorneys were Schoemaker & Mattare Ltd. The inventor has and will file additional patents to protect any new developments in the engine technology. We will have access to any new patent filings on the highway truck engines as provided for in our licensing agreement.
This patent in its simplicity makes it very unique. A detonation cycle gas turbine engine includes a turbine rotor contained in a housing. The exhaust ports of respective valveless combustion chambers are located on opposite sides of the rotor directing combustion gases toward the turbine. The chambers are connected by a valveless manifold fed with fuel and oxidizer. When combustible gases are detonated by an igniter in one of the combustion chambers, the back pressure from the detonation shuts off the fuel and oxidizer flow to that chamber and redirects the fuel and oxidizer to the opposite chamber, where detonation occurs. The process repeats cyclically. Power is taken off the rotor shaft mechanically or electrically.
The invention utilizes a water wheel as the turbine wheel which has blades that are positively displaced through a blade race by the rapid expansion of gases exiting from combustion chambers via nozzles, rather than pistons or gas turbines.
Our engine has a blower, rather than a compressor, to supply less air per horsepower hour than required by existing gas turbines or piston engines, thereby producing less exhaust gases per horsepower hour.
The blower supplies low pressure air via a single manifold to two combustion chambers simultaneously thereby requiring less work to complete a detonation cycle, resulting in higher thermo mechanical efficiencies than gas turbines or piston engines.
The engine manifolds, combustion chambers, and ignition system has the capability of cyclically detonating fuel-air mixtures without using valves. The engine uses a fuel pump and vaporizers to gasify wet fuels prior to mixing with combustion air in the manifolds to produce complete combustion of all fuel-air mixtures in the detonation process. The engine uses a plasma arc ignition, a visibly constant illuminating plasma flame between two electrodes to detonate fuel-air mixtures and does not require critical ignition timing.
Low pressure air and fuel mixtures are detonated instantaneously–in less than one millisecond–producing high velocity shock waves that kinetically compress inert gases resulting in higher working pressures than the pressures produced in constant pressure heating utilized in gas turbine engines, and Otto and Diesel cycle piston engines.
5
The detonation cycle engine uses less working fluid and produces less exhaust gas per horsepower hour than Brayton cycle turbines and Otto or Diesel cycle piston engines.
Alpha has developed six working prototypes as described below:
1.
First engine was developed in 1987. The engine consisted of one 8-inch diameter, 26-pound turbine wheel, driven by two horizontally opposed combustion chambers. The engine produced 78 horsepower at 12,500 rpm.
2.
The second engine was developed in 1989. The engine consisted of two 5-inch diameter, 11-pound turbine wheels mounted on a single shaft, driven by four horizontally opposed combustion chambers. The engine produced 130 horsepower at 14,000 rpm.
3.
The third engine was developed in 1991. The engine consisted of two 7-inch diameter, 19.6 pound turbine wheels mounted on a single shaft, driven by four horizontally opposed combustion chambers. The engine produced 256 horsepower at 8,300 rpm.
4.
The fourth engine was developed in 1997. The engine consists of four 6-inch diameter, 12 pound turbine wheels mounted on a single shaft, driven by eight horizontally opposed combustion chambers. The engine produces 130 horsepower at 8,400 rpm. This engine is currently used for demonstration and can be seen by appointment.
5.
The fifth engine was developed in 2006. The engine consists of six 15-inch diameter, 20-pound turbine wheels mounted on a single shaft, driven by 12 horizontally opposed combustion chambers producing an estimated 540 horsepower at 3,000 rpm.
6.
The 6th generation prototype engine was developed in June 2011. The engine consists of two 7-inch, 8-pound turbine wheels mounted on a single shaft, driven by 4 horizontally opposed combustion chambers producing an estimated 70 horsepower at 20,000 rpm
The DCGT includes an Electromagnetic Isothermal Combustion (“EIC”) process that powers the engine. The EIC process produces complete combustion of fuel-oxidizer mixtures in cyclic detonations that negate unwanted nitrogen oxide and carbon monoxide emissions. The high pressure gases produced by the detonations drive a unique turbine producing shaft horsepower.
The EIC process enables the DCGT to operate with blower air at low static pressure, negating the necessity of compressing and preheating fuel-oxidizer mixtures prior to combustion. By eliminating the compression of fuel-oxidizer mixtures, the DCGT achieves higher thermal efficiencies in a simplified mechanical structure. The DCGT has the following proprietary and competitive advantages over current diesel, gasoline and gas turbine engines:
?
Air cooled - less than 2 pounds per horsepower
?
Fewer moving parts - less maintenance
?
Flex-fuel and mixed fuels capability
?
Operates on all hydrocarbon fuels, hydrogen and syn fuels
?
Cold start capability with any fuels
?
Burns 30% less fuel “Greenhouse exhaust gases”
?
Less nitrogen oxides and carbon monoxide exhaust emissions
?
Less hydrocarbon exhaust emissions
?
No lube oil, filters or pumps
With this kind of steady news we may be headed back to $2 / share finally, which is the book value per share!!! Great CBAK news today on Cherry Electric autos buying 1000% more high power batteries before the first batch are even finished and delivered!
Considering that MVTG is light years ahead of this outfit, it is interesting to read this news!!!
http://www.siliconinvestor.com/readmsg.aspx?msgid=28047238
Theoretically, the hydrogen generated by solar electricity can drive CO2 conversion in lithoautotrophic microorganisms engineered to synthesize high-energy density liquid fuels. But the low solubility, low mass-transfer rate and the safety issues surrounding hydrogen limit the efficiency and scalability of such processes. Instead Liao's team found formic acid to be a favorable substitute and efficient energy carrier.
"Instead of using hydrogen, we use formic acid as the intermediary," Liao said. "We use electricity to generate formic acid and then use the formic acid to power the CO2 fixation in bacteria in the dark to produce isobutanol and higher alcohols."
The electrochemical formate production and the biological CO2 fixation and higher alcohol synthesis now open up the possibility of electricity-driven bioconversion of CO2 to a variety of chemicals. In addition, the transformation of formate into liquid fuel will also play an important role in the biomass refinery process, according to Liao.
Been following the Facebook IFUS links to Mastic Blast in the UK, and I see what looks like a gathering storm of activity:
It is on sale via a Facebook link in the UK now, not just Mastic blast, but the other products as well.
http://www.facebook.com/pages/Mastic-Blast-Drinks/312453322149840?sk=app_135607783795
"Intact Endurance our great Sports & Fitness supplement hits the High Streets in the UK with Sigma Sports who have 3 great stores plus a great online store that has everything for the runner and Triathlete."
https://www.facebook.com/daniel1674
http://www.sigmasport.co.uk/
And I have been saying this for 2 decades!!!!
http://www.care2.com/greenliving/9-disturbing-side-effects-of-soda.html?page=2
Diet or regular, all colas contain phosphates, or phosphoric acid, a weak acid that gives colas their tangy flavor and improves their shelf life. Although it exists in many whole foods, such as meat, dairy, and nuts, too much phosphoric acid can lead to heart and kidney problems, muscle loss, and osteoporosis, and one study suggests it could trigger accelerated aging.
Read more: http://www.care2.com/greenliving/9-disturbing-side-effects-of-soda.html#ixzz1rPAIruvR
Yes they did spend a lot of money. They were just as committed as we were at one time. They just made too many bad decisions, lack of market bottom foresight on NG price bottom, and a crook hiding under the rug named Pierce.
He never was a director, just an adviser.
Wow, last time I looked this was trading around 12-14 dollars. I guess it missed the rally this year!
LOL!!!!! I took it 2 times!!!!!
LOL, happy holidays to all here too!
They are not currently producing. But they are existing wells. They need power (utility work), turn the lights on, they need to test the well casings, get TRRC operating permits (which probably means paying the fines first), install pumps, and pump baby pump!!!!!! LOL
SE and WCD say there is 12 million barrels of oil in those leases.
The financials are here:
http://www.otcmarkets.com/stock/EGOH/quote
There is debt listed there. Which probably does not include TRRC fines, or liabilities.
You are right, a five bag is very conservative.
No drilling is needed. These are existing wells in a known reserve oil field.
They will need to leak test the casings. Bad well casings must be sealed with concrete, but there should not be many of those in this field according to WDC and SE.
Wells that will not produce enough oil would be used for production water disposal back into the field to keep the other oil wells flowing.
absolute zero is -273 Kelvin coincidence. Me thinks not
While this news won't help us today, it might prove to be good news for AEXP investors in a few years, since AEXP led the BP well project and has the know how, data, and success record in drilling the record BP well to pay dirt levels of NG in Miss. They might just quietly re-acquire new (old) leases from the actual owners over the next 1-2 years in Miss., as MNLU withers to dust in BK, and while AEXP insiders quietly stock up on dirt cheap shares. I still have high hopes they will get something going this year in the oil patch to help the stock price. But this news could be a hint of an exciting future for NG in a few years for that area, and for AEXP.
http://www.processingmagazine.com/oil-and-gas/article/giant-louisiana-plant-will-convert-natural-gas-into-diesel-fuel
Still a very speculative lotto ticket here!
Sooner or latter he must sell, or at least give up control and possibly get oil pumping any way he can, before he sells. While he may be a fool, sooner or later, economic reality should force his hand I think.
Sounded more like a rerun, than news, LOL. But here is some real news:
http://www.processingmagazine.com/oil-and-gas/article/giant-louisiana-plant-will-convert-natural-gas-into-diesel-fuel
I think they all already fled to Canada a long time ago. The Houston Phone number was changed to a Canadian toll free number a good while back IIRC.
Interesting Shell Dutch natural gas to Diesel conversion in Louisiana news:
http://www.processingmagazine.com/oil-and-gas/article/giant-louisiana-plant-will-convert-natural-gas-into-diesel-fuel
For those that follow my tech stock choices, the natural gas and CO2 conversion to liquid fuels high tech area is one I have been banking on for the last 4 years. Shell has been leading the way in that movement. Your true synthetic car oils are all made from natural gas already.
Just me taking shelter under a big rock, still long ANX for the long haul, taking a loooong nap, LOL.
And so, once more unto the breach...The Phoenix rises again!!! LOL
Go EGOH!!!
And happy easter bunny hunting to you too SE!!!
"You can take that to the ( FBC ) bank" LOL
There is one shinning star in the CSGH sector, from China, CBAK, a CSGH customer. It has rallied up 100% this year on good news PRs.
It would be nice to be owning CSGH when they buy the remains of AONE at a firesale BK auction with some of their cash.
Not unless the market does a swan dive like it did last year.
In other words they have no clue, LOL.
None of those look at all promising. IF the number is better than expected it might rally, but even that highest number would be a big disappointment to me.