Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Can I get that in English, instead of geek, WC? Oh, wait, it was English!!!! LOL
Odd trading here today. I think we had an MM raid the weak hands in a desperate panic move just as it was about to run to $1/share this morning. 70% of the shares traded today (about 120,000) were harvested at .26 in one minute (at a 50% discount), after mostly buys in the 56 cent range. No one but an MM would dump 120,000 shares like that and buy at the bid all at once IMHO. Not even a day trader would do that unless he had access to lots of cash and the nerve to short it and buy it back, and since there was no candle involved it looked to me like a MM grab to cover prior shares they sold short the past week. And if it was a real seller, why dump it all once like that, just as buyers were starting to buy in volume at the 50+ cent ask this morning?
Traded at the close today, .029
I seriously doubt that on this one. It is a real company with real products just trying to survive while it slogs along now.
Someone is buying with conviction here, nice little rally going the last few days here!!!!!
Let's hope that is changing right now.
"And I haven't seen any reports of insiders selling"
The problem is trust on that topic. The so called insiders are not officers, and may be selling, and may have been selling all along with out reporting. Canadian authorities and US SEC have and are investigating "Powers", have fined him over (IIRC?) $1 million dollars, banned him in Canada ( 10 years?), and have slapped Mr Power's hands repeatedly from what we know now, and he seems to be the hidden insider on many levels (Westrock, MNLU 20% shareholder at one time, but now?, and loans to MNLU of $1.5 million, and he made MNLU dump $5 million in Louisiana assets for just $500,000 to collect part of his 2011 loan to MNLU). So he is the one pulling the strings, but possibly not reporting share dumps, which he was previously convicted of doing based on what we found last month and posted here already.
With 20 cents busted to the top side now, and 17-18 cents now looking like strong support, the next run will be test .27 where it topped out last year.
It will take news, or rumors of news to break .27, unless this bull just keeps going for another month to new highs?
I don't know if you follow Seeking Alpha, but there are some old articles from last year that get periodic comment updates. The articles were the short seller post short selling attack articles. One of the last bulls standing the last 6 months in the comment section posted recently that there was permit and ground work going on at one of their delayed land farms. Not sure if it was the West Texas or the China site as his link was not working the day I tried to follow it. But it sure looks to me like the shorts have moved on and the fish are nibbling here, LOL.
This is a real company with huge GE style potential, once they get their feet planted back on solid ground again with new a CFO, and get caught up on their financial reporting, with better auditors..... For now, it has most likely bottomed out.
Beautiful chart!!!!
Seems the notice was Feb 18, 2011. IIRC they got the price over $1 after that, at least 2 if not 3 times, but may have failed to hold it for 10 days? Not sure. But They may meet the market cap that gets them multiple 180 day extensions?
https://listingcenter.nasdaqomx.com/assets/DelDefOpenReport.pdf
Well lets hope it does not morph into an ankle biter, LOL!
Far too quite here today. I think I heard a pin drop, LOL, especially way to quite for a stock that closed up 88% today!!!! LOL
Still no sellers, just low volume slap the ask and bid games!!!
Regarding the question of taking profits now or waiting for $5, I looked at a stock today that I bought in early 09 for $3 and sold for about $8.....it is now $52, Berry Petroleum!!! OUCH!!!!
Anyway, I did some thinking here, and it looks to me, today, like there are no sellers left (again), and the MM's are afraid to lower the ask, which tells me it has $$ legs left to go!!!!!!
Seems like your dog (LOL), CCME is barking load and clear here today! LOL
Wish I could have bought the bottom here in Dec, but Fidelity has it blocked.
LOL, no need to burn it, just give it to me, LOL!
Are going sub-sub penny here? Stay turned!!!
LoL, so it was you that cheated me out of my .20 shares I wanted, LOL. Got all mine at .39, and just may hang on to them for a few years till it gets back to $5-10 range.
MVTG product related news, GHG, Climate change and weather issues:
http://www.laboratoryequipment.com/news-Climate-Change-Could-Make-Devastating-Storms-More-Frequent-021412.aspx?et_cid=2477317&et_rid=54636900&linkid=http%3a%2f%2fwww.laboratoryequipment.com%2fnews-Climate-Change-Could-Make-Devastating-Storms-More-Frequent-021412.aspx
I can't imagine what if any bad news could be coming at this point, so it looks like some one saw bid weakness, and pounced on it, shorting it and starting a sell off. Perhaps MM's needed to harvest cheap shares while they have a chance. I have some other boitech longs that got hammered this morning too. My be an MM sector pounce. No way to know if it will be a one day buying op, or if it will continue.
LOL, You beat me to the post! Yes, now that it has fallen under ten cents, it will drop hard, and is falling fast!
CYTR getting clobbered right now, down over 7%
Great news out today! We should head back over $1/share now:
China BAK Battery, Inc. ("China BAK", the "Company", or "we") (Nasdaq: CBAK), a leading global manufacturer of lithium-based battery cells, today announced that on February 10, 2012, the Company's Tianjin facility received a new contract to supply high-power batteries used in electric cars, Ruilin M1, to Chery Automobile Co., Ltd. ("Chery"), one of the Company's long-term partners in China.
According to the contract, China BAK will supply 100 units of lithium-ion high-power batteries, which will be used to power Chery's electric cars in the first half of 2012. Ruilin M1 is Chery's first Lithium-ion solution EV which was officially launched at the 25th World Electric Vehicle Symposium and Exposition in November 2010. China BAK will deliver these batteries to Chery by the end of June 2012.
"We are pleased to expand our cooperation with Chery Automobile, one of our long-term partners in China. We enjoy good cooperation with Chery in the electric vehicles segment and our customer has been pleased with the quality and performance of all units shipped so far," commented Mr. Xiangqian Li, CEO of China BAK. "We expect to receive additional orders from Chery in the second half of 2012. We also expect additional domestic customers to place orders for electric vehicle batteries in 2012," added Mr. Li.
About Chery Automobile Company, Ltd.
Chery Automobile Co., Ltd. manufactures, markets, and exports passenger vehicles in China. It offers cars, SUVs and MPVs, and SPVs. It also provides engines, transmissions, and other components. Chery Automobile Co., Ltd. was formerly known as Anhui Chery Automobile Co., Ltd. The company was founded in 1997 and is headquartered in Wuhu, China with operations in Asia, the Middle East, Africa, North America, South America, and Australia. At present, Chery possesses a full set of production and R&D units, such as Car Factories, Engine Factories, Transmission Factory, Automotive Engineering and Research Institute, Planning & Design Institute and Testing Technology Center. For more information, please visit http://www.cheryinternational.com
About China BAK Battery Inc.
China BAK Battery, Inc. (NASDAQ: CBAK) is a leading global manufacturer of lithium-based battery cells. The Company produces battery cells that are the principal component of rechargeable batteries commonly used in cellular phones, smartphones, notebook computers, e-bikes, electric vehicles, power tools, uninterruptible power supplies, and portable consumer electronics such as portable media players, portable gaming devices, personal digital assistants, or PDAs, camcorders, digital cameras, and Bluetooth headsets. China BAK Battery, Inc.'s production facilities, located in Shenzhen and Tianjin, PRC, cover over three million square feet. For more information regarding China BAK Battery, Inc., please visit http://www.bak.com.cn.
Safe Harbor Statement
This press release contains forward-looking statements, which are subject to change. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All "forward-looking statements" relating to the business of China BAK Battery, Inc. and its subsidiary companies, which can be identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties which could cause actual results to differ. These factors include but are not limited to: risks related to China BAK's business and risks related to operating in China. Please refer to China BAK's Annual Report on Form 10-K for the fiscal year ended September 30, 2011, as well as China BAK's Quarterly Reports on Form 10-Q that have been filed since the date of such annual report, for specific details on risk factors. Given these risks and uncertainties, you are cautioned not to place undue reliance on forward-looking statements. China BAK's actual results could differ materially from those contained in the forward-looking statements. China BAK undertakes no obligation to revise or update its forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
SOURCE China BAK Battery, Inc.
DTCC chill list, please explain, links, details???
Good morning TTEG fans!!! Great day here for sure. 20 cents provided little resistance today, about 116,000 shares traded at an average a little over 20 cents so far today, "Resistance is futile" it seems, LOL!
Next test is .27/share so get the cheap ones while we can!!!
Is any one actually using their fuel / process yet? If so where, details? Do they have any revenue yet?
I agree, if it had been a classic P&D, they would have dumped new shares in late 2010, early 2011, when the retail was up over $1/share, and they would have raised enough cash to complete the well in early 2011. PR's prediction of major share dilution coming never happened. What did happen was a total failure to raise any cash and a collapse of the NG market price.
Hard to say when it will make the next big move, could be any day still, or they could let it baseline here, and push it over $1 later on with more news. We should get a 10-Q in the next 4 weeks, if the new people work fast enough. It would get us a lot of updated info, post merger pencil sharpening news. But I think the ease with which it has moved to .90 already is a marker of where it is still headed.
The court news that was posted here last week by others that bids were accepted by the court, from the high bidder, for all the companies assets, and the total bid was at least 10-15 million dollars (as I recall) less than the companies debt. It was not even enough to pay off the DOE loans. So there are no BCOND assets left, just an empty, worthless BK, shell. IIRC someone posted court details that the stock would be cancelled, making it worthless, un-tradable, but even if it is not official yet, rest assured the game is up on this one.
I have seen this too many times, since the 1980's.
There are no assets left, no working capital left, end of story now.
Hogwash, LOL. CYTR stock is up because the entire market has rallied off a 6 month death spiral, and institutions stopped selling CYTR and started buying, which is now on record, so others have now started buying (follow the leader). There is nothing new about the drug pipeline that is responsible for last years selling or this years buying. Is it way under valued? YES!!! Is $1.50 a good target, YES.
Don't know if you caught my earlier post over the holidays, about my chat with the CEO Steve Harding (American CEO not Mainland), over the holidays?
He said that he, his family and some major investors were planning to move on, go after another play with American, and were not going to wait around and wait for MNLU and BV play, now that the merger is dead. The merger had tied American's hands from doing anything else, even raising cash or pursuing other opportunities. He sounded like he had some good ideas in mind.
You slapping the ask again? LOL
Looks like a little rally starting up here for sure!
Give me a haller today.
This one is no longer worth the risk, now worthless, going sub penny then it will cease trading at all shortly, based on the last court news.
Nice, no news rally going on here!!!! Up another 11%, at .645 close
CBAK bulls are back!!!! Up almost 10% today!!!!
GO CBAK!!!
Holy Cow batman!
Talk about a wake up call!
I BELIEVE!!!!! LOL
Last [Tick] $0.17[+]
Change Up $0.03
% Change Up 21.43%
Bid [Tick] 0.17
Bid Size 88067
Ask $0.179
Ask Size 15000
Open $0.165
Volume 215,933
Day High $0.17
if you have any more cheap ones to sell, send them my way!!!!
And so the never ending story continues as the cameleon changes its colors, yet again, Oh look at the cute new Kitty!! LOL
A year ago they were claiming dry reforming was the wave of the future. Now it is steam reforming they are reinventing, which is old tech!
2-3 years ago it was biotech, enzymes at room temperature to convert CO2 into methanol then into gasoline (which they later abandoned as quietly as possible, but said why), then later dry reforming to convert a mix a CO2 and Methane in Gasoline, then a patent boondoggle that blew up and led to changes in the science team staff, then later promises of a diesel fuel demo soon (that never happened), then a promised up listing that never took place....., and now the price is down from $6 after the R/S to almost $1 now, like I said it would a year ago.
It has been over 4 years now since they started promising that sales and working pilot plants, or larger were just a year away.
HOGWASH!!!!
But thanks for posting the update here!!!
Are you still hanging to hope and shares with this group?
I agree with all but one thing you said.
AEXP , IMHO has bottomed (for now at least), and is not in danger of BK, unlike MNLU. AEXP has very little debt unlike MNLU, I doubt that AEXP will ever pay that single debt to MNLU if MNLU goes belly up, not now that the Westrock-Pierce-Powers et., al., scam is public news. AEXP can move on and start over with a new deal.
Only reason MNLU is not down to 1-2 cents now is the recent market rally has slowed the sell off here. If there is no real positive news here soon, MNLU will be selling sub penny in 1-3 months once the market corrects and drops hard for a few days, MNLU will probably get crushed, and be sub penny by year end.
If MNLU does a Chapter 11 reorganization, rest assured the common will get wiped out, and Westrock, Powers and Pierce will pick up the pieces (ala Pierce to MNLU secured senior debt), wipe out all the other creditors, maybe change the name, and restart the game.
Thanks, looks like we have some price games starting up today, MM on the loose perhaps.
.29 to .35 is starting to look cheap!!
It is also a day traders trick to try and knock loose conditional orders, like sell at market if last tick is, or stop loss orders. Only the MMs can see conditional orders, so day traders use it to trip the conditionals that might hiding from Level II. IT also says they want to buy cheap, and don't really want to sell, LOL!
If they had learned how to produce cheap quality fertilizer like they do cheap junk shares, they might have had a chance, but alas they are no better at selling enough cheap junk shares to survive (and pay off the debt) than they were at selling enough quality fertilizer to survive. Only reason this one is not BK yet, is the debt holders know the company is worthless, and want to dump shares until no one is left to buy the debt converted shares. Then they will close the doors and liquidate ant remaining assets, and take a tax loss on the remaining unpaid debt.
No one in their right mind will ever loan this CEO money again, or this company.
Caveat Emptor, Buyer beware, IMHO.
Take a look at the new hydrogen generator that converts methanol to Hydrogen, with what they claim is 70% reduced cost for hydrogen, using a catalyst....TTEG has the marketing rights, and a Tiawan company has the patents. Details in the TTEG chat room.
Ecomike