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He (SE) told me that NOW was a good time to buy if I was thinking of buying (I was and I asked him if there was any hope left in this one a week earlier), just before he got ill. It is still, and always has been a risky lottery ticket because of Wilmont, but we could get an end of game news PR that he sold the entire field any day (he has been actively trying to sell the field finally, something no one thought he would ever do, or he may finally sign over total control and operation of the field to a 1st class top notch operator in such a way that a real operator can run and invest in get oil pumping over night, something Wilmont has been afraid to do for fear of loosing control...., he has a control-trust issue. The word is that Wilmont is in personal financial trouble and must stop trying to keep control with his piece meal game using two bit unqualified contractors, handing out options on just a few wells here and there....The big boys will not touch it piece meal, they always wanted all or nothing, and Wilmont would not go that route, but he has run out of time. If I screwed up the story any, perhaps Wilcatdriller can post a correction.
All we need is news of one firm order and the share price will go ballistic. 10 units in a year is nearly one order per month!
I already know his opinion, that is why I am buying here today! Time to load the boat and buy the new low dips.
Conspicuous volume and a 10% price rally this morning on a down market day, with no news!!! Something is up!!!!
LOL, so are you bottom feeding here again?
LOL!
I have been trying to stealth buy a dip here for about 4 weeks, with no luck, finally got some today, but not as low as I wanted them, to many buyers since the last big dip supporting the bottom. But today's heavy sell volume and no new lows, on a down market day, I think says something.
As a wise man once said "We will see" LOL
I raised my holdings about 35% today.
Have you looked at the new filling, yesterday, the CEO swapped about $334,xxx in un paid back pay for 500,000 convertible preferred shares, with special voting rights. It also talks about the Taiwan JV....
Larry told me there were investors, or would be investors who wanted a local exchange, and he said we would stay on the other existing exchanges as well.
Sorry Deedog, that was posted on the wrong board, and had nothing to do with MNLU. Check your email!
More GHG bad news, but very good news for MVTG!!!!!
Note that this was a GWBush skeptic that spent two years trying to prove that CO2 was not the cause.....
http://news.yahoo.com/skeptic-finds-now-agrees-global-warming-real-142616605.html
WASHINGTON (AP) — A prominent physicist and skeptic of global warming spent two years trying to find out if mainstream climate scientists were wrong. In the end, he determined they were right: Temperatures really are rising rapidly.
The study of the world's surface temperatures by Richard Muller was partially bankrolled by a foundation connected to global warming deniers. He pursued long-held skeptic theories in analyzing the data. He was spurred to action because of "Climategate," a British scandal involving hacked emails of scientists.
Yet he found that the land is 1.6 degrees warmer than in the 1950s. Those numbers from Muller, who works at the University of California, Berkeley and Lawrence Berkeley National Lab, match those by the National Oceanic and Atmospheric Administration and NASA.
He said he went even further back, studying readings from Benjamin Franklin and Thomas Jefferson. His ultimate finding of a warming world, to be presented at a conference Monday, is no different from what mainstream climate scientists have been saying for decades.
What's different, and why everyone from opinion columnists to "The Daily Show" is paying attention is who is behind the study.
One-quarter of the $600,000 to do the research came from the Charles Koch Foundation, whose founder is a major funder of skeptic groups and the tea party. The Koch brothers, Charles and David, run a large privately held company involved in oil and other industries, producing sizable greenhouse gas emissions.
Muller's research team carefully examined two chief criticisms by skeptics. One is that weather stations are unreliable; the other is that cities, which create heat islands, were skewing the temperature analysis.
"The skeptics raised valid points and everybody should have been a skeptic two years ago," Muller said in a telephone interview. "And now we have confidence that the temperature rise that had previously been reported had been done without bias."
Muller said that he came into the study "with a proper skepticism," something scientists "should always have. I was somewhat bothered by the fact that there was not enough skepticism" before.
There is no reason now to be a skeptic about steadily increasing temperatures, Muller wrote recently in The Wall Street Journal's editorial pages, a place friendly to skeptics. Muller did not address in his research the cause of global warming. The overwhelming majority of climate scientists say it's man-made from the burning of fossil fuels such as coal and oil. Nor did his study look at ocean warming, future warming and how much of a threat to mankind climate change might be.
Still, Muller said it makes sense to reduce the carbon dioxide created by fossil fuels.
"Greenhouse gases could have a disastrous impact on the world," he said. Still, he contends that threat is not as proven as the Nobel Prize-winning Intergovernmental Panel on Climate Change says it is.
On Monday, Muller was taking his results — four separate papers that are not yet published or peer-reviewed, but will be, he says — to a conference in Santa Fe, N.M., expected to include many prominent skeptics as well as mainstream scientists.
"Of course he'll be welcome," said Petr Chylek of Los Alamos National Lab, a noted skeptic and the conference organizer. "The purpose of our conference is to bring people with different views on climate together, so they can talk and clarify things."
Shawn Lawrence Otto, author of the book "Fool Me Twice" that criticizes science skeptics, said Muller should expect to be harshly treated by global warming deniers. "Now he's considered a traitor. For the skeptic community, this isn't about data or fact. It's about team sports. He's been traded to the Indians. He's playing for the wrong team now."
And that started on Sunday, when a British newspaper said one of Muller's co-authors, Georgia Tech climate scientist Judith Curry, accused Muller of another Climategate-like scandal and trying to "hide the decline" of recent global temperatures.
The Associated Press contacted Curry on Sunday afternoon and she said in an email that Muller and colleagues "are not hiding any data or otherwise engaging in any scientifically questionable practice."
The Muller "results unambiguously show an increase in surface temperature since 1960," Curry wrote Sunday. She said she disagreed with Muller's public relations efforts and some public comments from Muller about there no longer being a need for skepticism.
Muller's study found that skeptics' concerns about poor weather station quality didn't skew the results of his analysis because temperature increases rose similarly in reliable and unreliable weather stations. He also found that while there is an urban heat island effect making cities warmer, rural areas, which are more abundant, are warming, too.
Among many climate scientists, the reaction was somewhat of a yawn.
"After lots of work he found exactly what was already known and accepted in the climate community," said Jerry North, a Texas A&M University atmospheric sciences professor who headed a National Academy of Sciences climate science review in 2006. "I am hoping their study will have a positive impact. But some folks will never change."
Chris Field, a Carnegie Institution scientist who is chief author of an upcoming intergovernmental climate change report, said Muller's study "may help the world's citizens focus less on whether climate change is real and more on smart options for addressing it."
Some of the most noted scientific skeptics are no longer saying the world isn't warming. Instead, they question how much of it is man-made, view it as less a threat and argue it's too expensive to do something about, Otto said.
Skeptical MIT scientist Richard Lindzen said it is a fact and nothing new that global average temperatures have been rising since 1950, as Muller shows. "It's hard to see how any serious scientist (skeptical, denier or believer — frequently depending on the exact question) will view it otherwise," he wrote in an email.
In a brief email statement, the Koch Foundation noted that Muller's team didn't examine ocean temperature or the cause of warming and said it will continue to fund such research. "The project is ongoing and entering peer review, and we're proud to support this strong, transparent research," said foundation spokeswoman Tonya Mullins.
Just a thought. I don't recall a single time since I starting watching this stock, and later accumulating shares, where it rallied for months (like MVTG has done now), or even weeks, or even an entire week before.
There is a solid steady up trend here for the first time now, and so far no day traders or PMs to bring in short term trader interest. This looks like a buy and hold, quiet, real volume buying, long term bull rally here, which is very unusual for a penny stock. Signs of things to come I do believe!!!
I wonder if this could happen to FBC?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73213658
I was in that one, but sold too soon!
Sounds to me like day traders should buy at under $1 and sell at over $1 the next 3 weeks, and play the average target.
I was not aware they had a new auditor yet. I am pretty sure they have no financial officer right now, and until they do, and until they get caught up on audit reports, this will be buying season on price pull backs, with a possible short news rally here and there. I will be adding as the price bottoms this year, where ever that turns out to be. And won't be selling for 1-2 years or more until it is back in the $5/share area.
WHO cares, as long as they keep doing it and raising the price? LOL
I suspect it is either some day traders spotted the bottom, and or some insiders are boosting the price by buying before raising cash with a few new shares to be issued later (so they get diluted less), which would mean they now have a plan to move on and explore some where else. Lets hope for oil!!!!
That is one great reason this an even better buy now. Thanks for reminding us!
LMAO!
It will depend on how big MVTG investors pocket book and vision is, and how they want to structure things. Smartest cookie in the industry I know was Ransburg, he invented electrostatic painting equipment, but refused to sell the systems, instead he charged a per gallon fee for rental. (See Ransburg Electrostatic Disk and Bell, Google or Wiki). They had higher transfer efficiencies, and were automatic, cut paint costs by 80%. So Ransburg built, installed and serviced the systems at Ransburg's expense, but charged something like 8 cents/gallon of paint the system sprayed. Mr. Ford himself wanted to buy and own his, and he told Ransburg to go to H*ll, and built his own electrostatic disk from patent office info. 10 years later the patent court decided in Ransburg's favor, and Ford motor had to shell out 40 million dollars in royalty fees for a disk Ford Built back in the 1950s!!!!! LOL!!! Text book patent case from the old days. $40,000,000 then was like 400,000,000 or $4 billion now, LOL!
OTOH, no trades also means no sellers, and people holding shares with higher hopes now, waiting patiently for news, now that it is obvious that Mastic blast was finally produced and introduced to the market!!!!
Their mafia style operation was nailed for price fixing rates about 12 months ago (US Justice dept), and they got the hell fined out of them, nearly went BK on the fine cost, so no one trusts them now.
Well if they were going to screw us over, they would have sold the shares out the back door, or sold convertible debt, and told us after the fact. That notice says they have not sold any shares yet, and if they sell at .20 share, that is only 5 million new shares, which is only 10% of the 56,502,445 OS share count, so not a big deal dilution wise. If they use the cash to fund working capital for manufacturing the hydrogen generators then this is just the first tidbit of major ongoing news!!!!
I find it interesting that the Form D says that non accredited investors (like me) can buy as a little as $10,000 lots of the new shares, and no one is taking a commission cut out of the revenues, and no directors or officers will get a dime of it as back pay, or current pay in any way shape or form!!!
I have been and will be very busy for a while, so thanks for the heads up question, as I would have missed the Form D since there was no PR for it. They have done a great job keeping the company alive for about 10 years with out massive dilution or R/S splits, so this may mean they are about to finally move into actual production, and then revenue????
Let's hope the market agrees with me, LOL!!!!
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8490352
http://ih.advfn.com/p.php?pid=nmona&article=51661112&symbol=TTEG
Also the PR seems to indicate they are about to start building and selling the hydrogen generators! I need to call the CEO (or maybe one of you can, as I am working 14/7 right now, swamped with Chemical-environmental work) to see how this methanol to hydrogen generator compares to say a Dutch-Shell Oil Methane to syngas (hydrogen....) Fisher Tropsch process like the one in Qatar.
http://en.wikipedia.org/wiki/Fischer%E2%80%93Tropsch_process
The markets may be entirely different, so the question may not be relevant, but down the road it may mean a bigger market for us if it can compete with steam reforming that produces most of worlds the H2 from CH4 (methane), in a steam reforming process. I was told recently that the world market for H2 to make fertilizer is 6 billion dollars a year!
I hope your stop limit got you out at .98 and not .90?
OUCH!!!
I don't the rally here is any where near done yet.
Well if they were going to screw us over, they would have sold the shares out the back door, or sold convertible debt, and told us after the fact. That notice says they have not sold any shares yet, and if they sell at .20 share, that is only 5 million new shares, which is only 10% of the 56,502,445 OS share count, so not a big deal dilution wise. If they use the cash to fund working capital for manufacturing the hydrogen generators then this is just the first tidbit of major ongoing news!!!!
I find it interesting that the Form D says that non accredited investors (like me) can buy as a little as $10,000 lots of the new shares, and no one is taking a commission cut out of the revenues, and no directors or officers will get a dime of it as back pay, or current pay in any way shape or form!!!
I have been and will be very busy for a while, so thanks for the heads up question, as I would have missed the Form D since there was no PR for it. They have done a great job keeping the company alive for about 10 years with out massive dilution or R/S splits, so this may mean they are about to finally move into actual production, and then revenue????
Let's hope the market agrees with me, LOL!!!!
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8490352
Last big long term rally, AA did its dance and rally near the end of the Bull run, so the market rally and AA may have a good bit of room to run here for sure. Looks like the smart buy now!
I don't think the TRRC has the money to plug the wells either, and will not plug any wells unless public opinion over contamination from such a well becomes public, and public news forces the state to spend money. In the last oil crash in the 1980s, over 20,000 wells all over Texas sat unplugged violating the law for a decade, as the state of Texas, all the Texas banks and landowners were BK!!!!!
The TRRC would seem to prefer that the wells be tested, and that ones that are safe to produce be put into production, because the state earns tax revenue off of production, so the question is like WCD said, how many wells are still usable for waste water disposal, and for oil pumping, and how many must be plugged.
I answered the selling stock question on the prior post to Crowin.
Wilmont was afraid to give up control to a real oil and Gas company and hired the wrong people, then he JV'd with the wrong people, and yes, he has finally run out of options, and money it seems, except to sell the oil fields. He and his family... (I am told) seem to hold controlling share interest, and want or need to cash out now as this oil field was his retirement plan, and it seems his only viable option now is to sell, and the word on the street is that he is actively entertaining offers to sell. He could cash out with a sale with 100 times as much cash as he could make with further dilution, if you do the math.
Crowin, FWIW it appears that Wilmont did not get the proceeds of the share dumps the last 1.5-2 years, but instead the outfit he borrowed money from had been given the right to collect the debt by converting the debt to shares later if Wilmont failed to get the oil pumping and pay off the debt (the loan was old, not new), one of the huge and many dumb things Wilmont did, and that firm finally started converting the old debt to shares and dumping them. Not that it makes any real difference, but in this case the problem here has been bad decisions by the CEO, not a pure, typical pump and dump.
Very informative, thanks!!! I suspect that selling the land, ends property tax costs, and keeping the mineral rights is property tax exempt (?), until oil or gas is produced and sold, kinda cool!
DeeDog, PM me your email address if your have PM?
Need for MVTG technology news:
http://enews.earthlink.net/article/us?guid=20120316/1dd596a4-9ec9-4340-8f3d-a7d78e0af12d
WASHINGTON (AP) — America's weather is stuck on extreme.
Nearly 11 feet of snow has fallen on Anchorage, Alaska, this winter. That's almost a record, and it's forcing the city to haul away at least 250,000 tons of snow. Yet not much snow has dropped on the Lower 48 this year.
The first three months of 2012 have seen twice the normal number of tornadoes. And 36 states set daily high temperature records Thursday. So far this month, the U.S. has set 1,757 daily high temperature records. That's similar to the number during last summer's heat wave, said Jake Crouch, a climate scientist for the National Oceanic and Atmospheric Administration.
Six rare, but not unprecedented, March tornadoes struck Thursday in Michigan, which also set 26 heat records. Temperatures were in the 80s in some parts of the state.
Nationwide, there have been 132 tornadoes confirmed in January and February, with preliminary reports of more than 150 already in March.
Two different weather phenomena — La Nina and its northern cousin the Arctic Oscillation — shift storm and temperature patterns through the world, meteorologists say. Scientists say you cannot link a single weather event to global warming.
However, climate scientist Andrew Weaver of the University of Victoria says: "When you start to see the extreme events become more common, that's when you can say that it is a consequence of global warming."
___
Rachel D'Oro contributed to this report from Anchorage.
___
Online:
NOAA list of daily high temperature records set or broken Thursday: http://1.usa.gov/A1823b
NOAA tornado statistics so far: http://1.usa.gov/wOrOsb
Some one is buying it up, so they must think it is worth it. I bought some at 1.4 cents the last few weeks.
I was just thinking of MVTG and the other similar stock.... from 2-3 years ago that we all once compared to MVTG, and how Greener and someone else here helped convince me early on that MVTG was not a scam, that it had real substance and technology, and that it was worth a closer examination. While that other company has continued to dilute endlessly, and keeps up the endless string of new PRs, and keeps radically changing their game plan, and the PR's say "Oh but look at the cute new kitty we just found", LOL, while they quietly bury the old one and massively dilute shareholders, Larry and MVTG have held on and stayed focused.
I just want to thank them for having done their DD and having the patience to do the "I am from Missouri show me" thing! At the time I was a real skeptic here, and now I am the head cheerleader, LOL!
So here is my public thanks to you guys for "showing me" the early signs of what was hidden under the rug here in the early days!
By the way, if you see someone walking down your street dressed in tar and feathers, it is the guy that sold all those shares a week ago at half of today's closing price (about .035?) !!! I kept my promise, LOL!
Expanding on your answer, one good thing is that Larry has set up non public subsidiary companies like Mantra Energy, that can be funded directly like they just did with Mantra Energy, with out diluting MVTG parent stock, and we keep controlling interest in both. If China took off he could do the same with the China subsidiary, and others if needed, say India, or Europe....Also at some point he could spin off one subsidiary to stockholders as a dividend and let it trade separately, like a Mantra China! Lots of huge potential here, and the 3.2 million in funding that he finally got, it is proof that this one, unlike so many other pennies has real meat and muscle under the hood, otherwise they would not have been able to raise all that cash!
All depends on what decisions and compromises are made over the next 4-5 years. Right now it has the potential to become a 500 million dollar market cap operation (over $10/share), but it will need funding along the way, and the funding needs will depend on who builds the plants (MVTG or a contractor), and who owns the plants (MVTG or the customer). But the small pilot plant for Lafarge will cost $500,000.00 (last estimate we have) and is not a full sized plant, just a pilot plant. I suspect a single full sized plant for say a major Lafarge operation or an SO coal fired power plant could be as much as $100,000,000 or more, maybe even $500,000,000, so figure a whole bunch of those in one year, then yes $20/share is very possible.
Here is some MVTG related CO2 GHG gas, weird weather, global warming news:
http://enews.earthlink.net/channel/news/print?guid=20120316/1dd596a4-9ec9-4340-8f3d-a7d78e0af12d
Since they do not need to do the Nasdaq style 10 day close above $1, but need to create a $1 average over 30 days, this may be head fake for MM's to stock up on shares, shake out the weak hands now, before a third wave higher to say a $1.50 and make the weak hands chase it higher? The question is, what are strong hands planning, and that is anybodies guess. IF they created this rally so they dump their shares we are screwed, :(
Word is Wilmont HAS to sell, and can NO longer AFFORD NOT to sell, unless a major real oil company signs a deal to operate the entire field first, which would mean buying most of the company, and not just the asset, or somehow taking full control. Either way it looks like a final deal where Wilmont gives up control or sells is just around the corner, by summer I think.
They have one asset, a public company and stock!!! That is worth something.
I was wondering if he might be doing multiple small purchases, not one lump amount all at once. Something is up, so I will be adding to mine now, buying under $1. I am still in at $4/share cost, and have been holding and adding, but I have my buy signal to average down now!!!
I wish you all the best of luck with your efforts.
I am doing this post from memory, but as I recall the well itself is on a Westrock lease, that AEXP had bought an option for in 2009, about 5000 acres which included the well. The option expired and Westrock and MNLU signed a stock swap for option tentative deal, that has not been completed, that leaves Westrock the control, AEXP screwed over, the MNLU AEXP merger screwed over, and Westrock dangling the well leases as bait for potential new MNLU JV partners, until MNLU raises partner cash, but it leaves Westrock the control to make other deals and bolt any time they wish too and leave MNLU holding the bag. MNLU as I understand also leased about 5000 acres from Westrock in 2009, which I think it is about expire? (sometime this year?), but the well is not on that MNLU-Westrock leased land from 2009. Then the rest of the MNLU leases (about 7000 acres?) must be between MNLU and other parties, like our friend here that is sharing his info...
I think I understand the difference, but some here might not, if you wish to explain the difference? Thanks for the details!
See his post in Dec 2011, he said there was renewed interest in his leases, minerals &?....?leases ......, but no specifics as to what the interest was, or if it related to NG, or what, not sure exactly what the details were...since I know nothing about those land issues or how those contracts are typically done, one of weak areas...