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Holy COW that takes the market cap down to $125,000 on the entire company!!!!! That is insane!!!!
If you guys (and gals if any?) here think MVTG is having problems, take a look at Europe, or BAC (down 75% this year) or CCME Down 95% this year, and down another 88% today - OUCH!, and COIND doing MASSIVE 99.9999% ongoing dilution to pay off debt he took on to pay his salary), while the CEO keeps his paycheck at $500,000 year and writes himself a poison pill contract to keep from getting fired unless they pay him 10 times today's COIND market cap!!! OUCH II!!), while he continues to burn through 100 million in losses in just 5 years (OUCH again), and be glad you picked a stock with a pinny pinching, slow turtle crawling operation like Larry runs, LOL!
I am not spending all my powder at once, as this market wide, world wide mayhem may not be over any time soon, but right now MVTG is an absolute steal at 2 -3 cents....So I am adding here!!!
This technology will make it to market!!!! It may take just a little bit longer than we all had hopped for (partly because the credit, and funding markets are and have been nearly seized up most of this year, ever since the Japan Disaster), but things ARE moving along behind the scenes at MVTG.
Ecomike bought more shares today!!!
Happy Thanksgiving everyone!
One last thought, don't forget how quickly, and easily this stock rallied a few weeks back, a good 100% rally, on just news of the international patent moving into the international examination phase! Over 1 million shares traded and the stock rallied 100% in just 48 hours. When Larry does finally turn the PR machine loose behind the ground breaking construction at LaFarge, this will run back up, again, to the 10 to 20 cent range in no time! Just look at last year, it ran from a .02 low (that year) to .21 on the first LaFarge news.
So this is not the price or time to sell, it is the price to buy while others are panic selling everything, everywhere.
The Bylaws allow them to go to 500 million common shares, before the next R/S! LOL
Wow, the shorts must have been on holiday, or they would have been here to cover shorts at that price?
WOW!!!! I have seen BK ethanol stocks in 2009 that never went that low!! They would park at .02 and go no lower for months!
That is cheap enough to buy some serious lotto tickets on this one!!!!
BOM, lift off MNLU!!!!!
Where is PR hiding now? LOL
Thar she blows, Resistance is futile sayeth the BORG!!!
GO MNLU!
I agree. I think it is AEXP and MNLU that "is up", LMAO!!!!
But, seriously, I agree, some one was hammering the bid in volume late yesterday, now on a real bad selling day on the big boards, we rally hard, so something may be happening behind the scenes, that is GOOD!!!
Looks like PR was wrong again, no roast for PR. AEXP ( MNLU merger partner) just rallied hard, up 20%, with bid and ask up as well and so has MNLU, now pushing on the resistance at 20 cents, by both stocks at the same time. May not need to wait till Monday after all.
So much for PR's prediction of an AEXP / MNLU roast, LOL. AEXP bid and ask just moved higher and we have some volume on a near 20% rise in price in AEXP!!!
NICE!!! And the merger partner (MNLU) is back at 19.9 cents too!
You forget that Ed has a poison pill that requires COIND to pay him some huge severance package of about 2.5 million if he is fired.
Pharmasphere is worthless. Never more than a wacky weed side show to suck in bag holders.
I think we have a real distributor in Los Angeles, California now? GO IFUS, should we see an anual report by year end (I hope).
http://valuemania.net/index.php/frontend/campaigns/single/41/36-off-Intact-Oral-and-Intact-Digest-Combat-H.-Pylori-the-Natural-Way
MNLU did confirm that this well had multiple pay zones above the bottom 2000 foot zone they targeted and reached. They just did not detail the depth and expected yield of those shallower zones.
Well when ever things get really bad for me, I just remind myself that things could always be worse. It ain't over tell the fat lady sings!!! And I still think the MTVG Fat lady will sing her heart out before too much longer!!!
For what it is worth, Alcoa Aluminum, a Dow 30 industrial stock, that pays real dividends is down 50% from this years highs right now, BAC is selling for 1/3 of this years high,.... and so on, so I am not doing much better, if any better, holding AA than holding MVTG, LOL! This is not just an MVTG stock price problem, it is the entire world markets that are way down.....Bad news at every turn.
Oh, and don't feel too bad, I bought more MVTG shares the day the Lafarge news came out, I bought more at .20, LOL!
So I am following Warren Buffet's rule, buy when there is blood in the streets, and buy what you know. I now this technology is the real McCoy, and LaFarge is knee deep in it!
Next stop another R/S of the week, LOL, or .0001 share just around the corner!!!!
That is really CS (probably illegal) that they withheld info all this time that so much convertible debt had not already been converted BEFORE the R/S! That is criminal in my book! Can't help but wonder if the banksters have a gun to Ed's head, or if they are paying him on the side to rig the game!!!!
SEC, Justice department, are you watching this crime in action here?
Thought not.
Anyway, no doubt that finally admitting there is so much debt left to convert, that was not subjected to the reverse split, and not in the stock structure yet, collapsed the price yet again. History repeats itself here, in the same year, so sad! Oh, and they need to get rid of the CEO too, like I have been saying for some time now.
LOL, you may have bought and sold too soon. The CFO just bought 4000 shares at .88, here is the Form 4! Looks like an early buy signal to me, but I am still watching this one from the side lines.
http://ih.advfn.com/p.php?pid=nmona&article=50113206
It does not matter who is doing the selling. Dilution is coming, and if history is any guide, it will be nasty dilution. Good news came out today, and the stock is down over 10%, and getting close to the recent .30 all time low already!
When the sell off is done and the coming dilution is done, and the R/S is done, and they are near break even based on at least some booked sales, or at least headed that way, I will considering buying back. I pulled the plug and sold most of my shares at well over $1 ($1.34 IIRC, this year, and at well over $2, 2 years ago). I think this has at least another 50% plus loss to go before it gets close to bottoming. I have picked the highs and lows on this 5 times in the last 2.5 years!
Hmm, COIND down 50% on nearly 9 million shares today. I warned you all!!!!
The sky fell here today! In spite of a flurry of posts!
My best guess is they are finally filing BK right now, and the insiders are dumping yesterday and today. That is the only thing that makes sense here.
May have just been relief that they reported a 10-Q, so they bought the knife, heavy and hard? All I know is I missed getting a piece of the cheapest shares before they were gone. I got real close though!!!
Seems TTEG filed their 10-Q yesterday. I got the news, just now, late. Bid and ask has gotten wider, ask is back up from .05 to .065, and only a tiny trade at .04 today (to try and trip sells no doubt). There was a lot of heavy buying at the ask of .05 yesterday, now I know why!!
http://marketbrief.com/tteg/10q/quarterly-report/2011/11/21/9121748/filing
I am showing the .04 held after a massive pounding! I have seen a lot of heavy panic selling in several pennies today, and some interesting divergences. My guess is this is bottoming here, in prep for a big Monday rally next week.
I just talked to Larry, again, by cell phone... he said a big storm knocked out power up there today, so they have no power now (probably why Kol has not replied), and it did a lot of local storm wind damage (but not to Mantra, or MVTG property, it is all OK!!!, just no power).
A lot of detailed final design work has actually been going on, bit by bit, for the LaFarge project (not stalled, just seems to be, taking forever to complete...) while they have been working on closing the funding gap, just not yet at the ground breaking and construction phase news we are all waiting on.
Better to have the entire final design (which needs to include a CO2 capture system, which unlike the Korean Plant, Lafarge does not have yet!!!!!) fully vetted, before sinking $500,000 into it, don't you think?
I did see updates recently on the LED's on the web site. Did you see them?
Iceland CO2 + water plus geothermal system energy (electric input) are off to a great start, news today!
This is great news for MVTG!!!!
http://www.icenews.is/index.php/2011/11/16/worlds-first-green-methanol-factory-could-help-green-most-cars-in-iceland/
http://www.methanol.org/getattachment/Environment/Renewable-Methanol/Carbon-Recycling-International.pdf.aspx
http://en.wikipedia.org/wiki/Formic_acid
Larry confirms that the Icelandic system uses about 50% more electricity than the MVTG reactor to produce a much cheaper valued commodity product, methanol, that sells for far less than Formic acid!!! So if they can make money using more electrical input, to produce a cheaper retail priced Methanol product (formic acid sells for about $1400/ton), just imagine what the MVTG ERC technology can pull off financially.
LOL, if you want it in writing, wait for the official PR, like everyone else. If you want clarity on a minor issue, than pick up the phone, and you might get a little clarity (unofficial answer). None of these people give out answers of any kind unless it is the same info already available to the public in PRs or filings.
Larry and I talked at great length yesterday. He is alive and well, and very, very busy. I do know he had a close friend that passed away very recently........
I think we are far closer to tripping the Lafarge PP start up of construction switch than we have ever been (IMHO), from what I can tell right now (but my hand is not on the switch, Larry's is.....), and of course, until it actually happens, and a PR comes out, the clock continues to tick as we all know. PM me a phone number and we can talk.
I am still buying here, again, right now, just way too cheap to resist. I still hold every share I ever bought here, so I am under water like all the longs, like you! But yes, I am far more bullish here today than I have been in a long, long time!!!
I think Clemenson is irrelevant, JMHO, regarding ABAT. They are just a simple news conduit at this point. APWR looked just like ABAT, as far Nasdaq delisting, and trading was suddenly halted there too, only to be suddenly and unexpectedly reversed recently!!!! I am long on both!
I bought APWR back the moment trading resumed.
Sorry to differ, but ABAT is not (yet) a pinky stock. It is still a Nasdaq stock, until the fat lady sings!!! But for comparison, CRTP has filed nothing for 5 months now, gave up Nasdaq (basically told them kiss off, LOL), and went to pink sheets with out an MM, and has been up 100 to 130% since the day it started trading on grey sheets with volume, at .50 to .90 a share. They make lead acid batteries in China. I bought CRTP at the bottom, around .40/share the day trading resumed.
Far too long my friend!!!! But this one is way oversold now I think. But it has competition in the over sold category, LOL.
All I can tell you is he did not try to convince me to buy, sell or hold. Just gave me ABAT's and ABAT's auditor's side of the story of versus Nasdaq, that Nasdaq was acting one minute like they would wait for the bank data they asked for, then suddenly switched and said opps time is up, early, and suspended trading, in other words ABAT did not refuse to supply the bank data requested, only asked for what I gathered to be a few more days to arrange for the auditor to travel to the central bank to get the bank data proof Nasdaq demanded, or something like that. Long story, short, this can quickly go either way, news wise, and thus the price could go way up or down on news and trading resumption. Frankly I do not trust the SEC as much as I trust China firms these days, sad to say!!!! I no longer the US Congress or Europe to getb their act together either!!!! I would not be surprised if the SEC was being manipulated by short hedge funds. Hell look at how long they ignored Madoff!
There was negative speculation on Haynesville site a few months back about the well status because the final report was not filed, and concerns that production casing had not been installed yet ( a dangerous issue), but this report shows the well was, is complete with production casing all the way to the bottom! So that will shut up any naysayers on that issue now! This is very BULLISH news folks!!!! A second sign of life in a week now, and a sign that they are crossing the Ts and dotting the I's on some details!!!
Need to get rid of the caps he had on that link (Unix does not like caps on URLS) to get to the main site:
http://gis.ogb.state.ms.us/msogbonline/
Then type in Mainland Resources, and follow the links
It shows the well completed, with production piping all the way to 22,000 ft!!! Report dated this week!
Nice find, and thanks for sharing!!!!
http://gis.ogb.state.ms.us/welllogs/063_Jefferson/2306320490_BPP.tif
Nice volume, all at the ask today, at .05? Is this the bottom? Finally?
The link is not working?
I just spoke with Tim Clemenson, IR, and got the rest of the story. The news above is just Nasdaq's side of the story, verbatum. Nasdaq is playing hardball, and not wiling to wait, in spite of prior negotiated deadlines for the requested data. Seems ABAT and the auditor need a little more time to fill Nasdaq's request for the auditor to go to the main bank (versus the branch bank) and witness the bank balances and report back to Nasdaq, but Nasdaq was unwilling to wait, and with the old CFO gone, the 10-Q is taking the auditor a little longer to complete, so double problemo for now. This will get interesting very soon, so stay tuned!!!!
No, not yet, waiting for the second bottom.
LOL, I still have my starter position!!! Only paid $3/share for it last year! LOL
Time dump all your shares here folks, and sell them to me!!! I am buying as long as some fool wants to dump at this price!!!
Come to Papa!!!! LOL.
This is typical fluff from Ed (the CEO) and COIND, no meat to the PR. No price to the option, no terms, so typical. Just a way to suck people into buying while they dump more shares. I would be concerned that they failed to divulge such a material deal or contract on a more timely basis!!! Seems they were about 8 weeks late announcing the option deal? I don't recall an 8-K for that August deal? Looks to me like one last desperate attempt to dump the remaining shares, before they gut the company, or go BK and leave a bunch of unhappy bag holders left behind.
Looks like MM's made a restocking run, to take out stop loss orders, and grabbed about 400,000 cheap shares at the low in the process.