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LOL, It certainly is a DEEP hole they dug themselves into, LOL!
Get out? Surely you jest? I was just thinking about getting in!
LOL
I wonder how many stock holders we have now. If we had (have) 500, and each one ponied up $1000 for new shares, that would cover the $500,000 pilot plant costs all at once.
Sooo, have you taken a dip in this little pond yet?
Not good news at all:
http://ih.advfn.com/p.php?pid=nmona&article=50956470&symbol=PRGN
BDI at 680, all time low in 2008 during the crash was 663.
http://www.dryships.com/pages/report.asp
Thanks for the heads up on that!
I totally agree. Funny thing is that the other post had bad data too. The share count is about 140 million, not 250 million. There is NO sign of recent dilution, nor any need for dilution. They have tons of cash, and the institutions and mutual funds have been heavy buyers at the lows the last 4 months according to the reports, while they were heavy sellers 6-9 months ago.
"You challenged my argument therefore it's up to you to prove I'm wrong"
"I have no interest in proven that a fact is indeed correct"
You have yet to make an argument, only a wild silly claim "of fact" that I know and most others know is false. Since you refuse to even try and prove your claim "of Fact", with some kind of evidence, I consider the matter closed.
I have a better idea, you prove that it is true, after all you are the one that made the claim "Never" with no documentation or proof.
That is NOT true.
With the BDI near a 10 year low, and nearly at the 2008 crash low, I would wait a year or two for a wave BKs to clear out the dead wood in the entire sector now. I see no chance of a bounce here, and the next market correction, which will be very soon, will send the BDI shipper stocks even lower.
See the BDI charts here:
http://www.dryships.com/pages/report.asp
I think the only reason the price is not already down under 5 cents, is the strong market wide rally the last 5 weeks. Next bear run or correction, and this will big roast again, LOL!
I don't like the track record of US DOE darlings that have recently had a rash of BKs. And HTM is one of those of darlings.
"
Do any of the MNLU team or Westrock need money now?
Easy, he is an oil and gas man, petroleum engineer, not a wall street slick tongued devil like Pierce, et.al. I got the impression he lost a lot more when MNLU and Westrock screwed AEXP over, than you and I did, including Steve's relatives, when we talked. You should call him and chat!!! He answered the phone and talked to me, I think on Christmas day, or New Years, I forget which? I was shocked he answered the phone.
It is not hard for even the keenest of us to get sucked in by clever liars and cheats, and I am pretty sure he had no idea what Powers, Westrock and Pierce were planning, and what their true hidden history was.
He was truly shocked at the court case details about the mud slinging regarding Mercer Gold that I found, and the overlap of officers and directors with MNLU (AEXP's ex JV and merger partner).... I could tell by the way he talked it about it was truly shocked.
Now we have an experienced Wall Street CEO with the wounds to prove it, and the will to try one more time!
Interesting.
I have no doubt that Westrock, Powers and Pierce are sitting on a natural gas gold mine at BV, that will be worth a billion dollars some day. The question is will MNLU survive, and will MNLU shareholders ever get a penny out of it.
Also, it seems that Pierce failed to properly disclose under SEC rules that he was THE insider loaning $2 million in senior secured cash to MNLU, while reportedly being the largest 20.x % shareholder of MNLU, which is what he and others are being accused of in other dealings.
I have a pre R/S gap at $9, LOL!
There is nothing publicly going on, no news. But the CEO is still on board, and is a major shareholder. He and some of his friends are according to him (Steve Harding)going to go after other opportunities, rather than shut the doors. So this is a buy the knife, and wait for new news, high risk gamble investment here.
Steve Harding is the genius that was behind the Miss., BV development in the first place.
But if AEXP PR's any kind of good news that is a sign of life later this year, it would not be unusual for the price to rally 500 to 1000%.
I found some more news on the fallout going on with MNLU insiders:
http://www.stockwatch.com/News/Item.aspx?bid=Z-U:MRGP-1890343&symbol=MRGP&news_region=U
The counterclaim, dated Oct. 11, 2011, is Mercer BC's latest filing in the case. In addition to Mr. Pierce, it names four of his associates as counterdefendants: Gary Powers, William Thomas, Gerry Jardine and Leonard Braumberger.
The counterclaim describes how Mr. Pierce has operated as the hidden alter ego of a number of OTC Bulletin Board listings. It lists them as Mercer Gold Corp., Lexington Resources Inc., Transax International ltd., Genemax Corp., Gold State Corp., Petrogen Corp., Uranium Energy Corp. and Geneva Resources Inc. Mr. Pierce and his associates typically control the majority of the free-trading stock in the companies using offshore entities and then promote them by overstating their prospects, the counterclaim states. In carrying out the promotions, Mr. Pierce uses a number of private consulting companies he controls (which the counterclaim lists as International Market Trend AG, Tristar Financial Services Inc., Amerocan Marketing Inc., Parc Place Investments Inc., Blue Wave Investors and Beacon Equity).
The portions of the counterclaim that deal specifically with Mercer Gold essentially repeat Mr. Jivraj's assertion that he was induced into optioning the Guayabales project because Mr. Pierce failed to disclose his control over the company, among other things. He says that Mr. Pierce and his associates, who qualified as insiders of the company, failed to file any insider trading reports in B.C. Given Mr. Pierce's regulatory history, proper disclosure of his involvement would have had a significant effect on the company's shares, including the 10 million that Mercer BC received.
The counterclaim also alleges that Mercer Gold failed to publicly report a default notice that it received from Mercer BC for the Guayabales agreement. Even one month after the notice, the company issued a news release in which it said it would raise $2.5-million for work on the property.
Interesting bit of news on ACPW today. Note that the company this guy just left filed for BK this week, which was another DOE darling.
http://ih.advfn.com/p.php?pid=nmona&article=50921808&symbol=AXPW
I heard a rumor that a rally to 20 cents is more likely. Shorts should cover.
I would say yes. I think ABAT's CEO made a smart moving buying and merging with and then turning around an electric vehicle (E-bikes, cycles) company 2 years ago. Vertical integration is what make ABAT different. Same goes for Johnson Controls!
It is tough to survive with egg basket, in the commodity business, and then to try and do it in the USA, versus China right now.
Ihub admin is working on the problem.
WOW, no news that I see, but almost 1.5 million shares and up nearly 10%, something just happened here!!!
Looks like this elevator is going back up.
Really!!!!!! Stealth mode buying, LOL!
ROTFLMAO!!!!!!
Buy, Buy, Buy!!!! Go MVTG!!!!
TTEG chart indicates that we are about to break out and head to .20 next, and turn .15 into support. Our mystery big block bull is still buying. Now if we can just take out the sellers at .15, this is one of the most bullish charts I have seen in a long time!!
I like to think of it as stockholders, not bad holders, LOL. Good morning!
When the price soars and I sell for cash, then I will be a bag holder, LOL!!!
It means we have serious buyers, not sellers now. Price will follow up.
I am going to be patient here and only load up more on this one when and if it gets some hard selling, or if I get back to a strong cash position from other plays, which ever happens first. Good luck to all us!!
I don't the choices, LOL, I'll take green, BCOND green that is!!
Ans so the EGOH rally begins, LOL, some things never change, including Wilmont!
10-Q is out, and some one is buying at the ask. 200,000 sold at the ask, .031 in two large block trades.
Only time will tell!!! I am waiting for .005 (if it ever happens) to triple my .08/share holdings. I have been in this one for 2.5 years now.
From my prior post, link:
a team from the Wake Forest University School of Medicine in North Carolina are examining 275 children with regressive autism and bowel disease - and of the 82 tested so far, 70 prove positive for the measles virus … the team's leader, Dr Stephen Walker, said: 'Of the handful of results we have in so far, all are vaccine strain and none are wild measles.
This research proves that in the gastrointestinal tract of a number of children who have been diagnosed with regressive autism, there is evidence of measles virus. What it means is that the study done earlier by Dr Wakefield and published in 1998 is correct.
That study didn't draw any conclusions about specifically what it means to find measles virus in the gut, but the implication is it may be coming from the MMR vaccine. If that's the case, and this live virus is residing in the gastrointestinal tract of some children, and then they have GI inflammation and other problems, it may be related to the MMR."
I have never seen another stock that I recall trade in a rally like this one does, where huge (100,000 to 300,000) single block trades hit at the ask, and then a low volume bid wacks it down till the next gig block at the ask, which is anywhere from 1 hour to one day later this month. Only an MM, or an idiot would sell at the bid during a rally like this one this month.
I don't think this run is over, some one has bought nearly 4 million shares at the ask this month, steady persistant buying, I just hope we don't have an MM that is short wanting to cover.
Looks like $1.50 to $2/share in book value still. All I could find in the report was good news, except the loss, and I could not find out where the loss came from, as most of the info was about improved profits and margins in various sectors. Baffling.
Any sell off may be the last real bottom on this one, if Europe does not blow up and start another world wide mess. I missed the chance to add at the last bottom on this one, I suspected it had more losses to go. I will add at the next bottom on this one.
Interesting twist, nuclear plant trying to stop a permit for new clean coal plant nearby. Since these both inter into the GHG CO2 topic, they are relevant to MVTG.
http://www.mining.com/2012/01/23/green-energy-irony-next-door-nuclear-plant-wants-to-stop-worlds-first-clean-coal-power-station/?utm_source=digest-en-mining-120123&utm_medium=email&utm_campaign=digest
This a rare news item.