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Going up!
I walked away from any ownership in BDI stocks about 16-18 months ago, and it is worse now, and getting worse than even I expected for EXM and the rest!!!! Some of them have already fallen under $1, like PRGN.
Thanks, that is good news!!!
Unless some one else jumps on board first, or we get an update on the detonation cycle engine tests of the newest prototype first, such as improved efficiency and more power. They had some heavy duty math model engineering work input from their China partners on the design changes to the new prototype engine. We got a PR 3-4 months ago that the new engine had been delivered for tested, so a positive results PR should be coming soon. They also have a stalled, but not dead merger deal pending with a China firm (profitable) that makes automotive parts. But that deal got stalled (for now) by the China stock investor accounting issues scare IMHO.
If Megrant does not move on the deal, I have no doubt others will!!!
Some one stepped up to the ask today with some dollars, and on a day when most stocks are getting beat up badly. I may need to raise my bid, LOL!!!
They never replied to my email either. But I did get an hour on the phone with the CEO/President!!!! It was very informative!!
I did about 6 weeks ago.
They did the RS to keep the NASDAQ listing.
My only tip is do not buy and hold this one, it is going to .001 real soon, then probably BK.
To the other recent posters, the technology is a great idea, the problem is and has been for 5 years now, gross miss management by the CEO. He knows how spend money, and line his pocket, but does not know how to make shareholders a profit, or how to control costs.
Infusion?
There was a reverse split, about 10:1, that is where the 10X price increase came from. There was an earlier rally on news of US DOE funding of 39 million dollars for the NY 20 (40?) MW plant, but they have had a never ending cash burn (about $5 million a quarter IIRC), never ending losses with about 70 employees, and tiny, tiny revenue that is dwarfed 10:1 by losses, with no end in sight to the losses. Many had hoped the new power plant(s), the NY one which is now running, and the pending ones, would turn the tide, but alas, it seems not.
The question now, is what will the common shareholders get out of chapter 11.
So how does this affect the valuation on the Miss leases that MNLU has and the valuation of MNLU?
17,500 times 15,000 = $262.5 million dollars just for MNLU's Miss leases, not including Louisiana or AEXP leases.
divide that buy 88 million shares you have $2.98/share for MNLU shares.
I am not the one that is dreaming. You are the one that said it was dead just before MNLU rallied 300% the last 2 weeks. My last AEXP purchase is up 400%, or did I DREAM that too! LOL!
Bloomberg reverse merger index.
Up.
Interest returning?
http://www.bloomberg.com/quote/CHINARTO:IND#chart
GO ABAT!!!! Rally time!!!!! APWR rallied 400% this week and closed at the high on Friday!!!! It is ABAT's turn now!!!!
If there is no dilution, and we get cheap financing, $5-$10/share of MNLU should be very possible short term. Long term depends on the long term JV plan costs, and natural gas prices in 2-3 years.
GO MNLU!!!!!!!
I have used it since 1994. It got me through the toughest Chemical engineering classes my last 3 years.
It is great for restoring lost long term memory, and helping to retain short term memory and converting it to long term memory, based on my personal experience, and like I said, I first discovered it being used by medical students to survive massive crash course memory requirements.
Go M
They were too optimistic in the first quarter, then the Japan Earthquake and Tsunami threw the world into a near recession, and hindsight is they should have sold shares to raise cash when the stock was around $1.25 back in say Feb, when all the good news peaked, but they did not want to dilute at all (no one expected the Japan disaster, and Greek Tragedy to happen and freeze up investment banking), so they missed the chance for small dilution at a price 4-5 times where are now.
I only say this to prove that MNLU insiders are doing all they can to avoid typical penny stock share dilution that kills existing shareholders, by trying to get loans or JV financing. One of the insiders, probably Jerry (the director) and friends loaned the company about $1 million dollars since Feb to keep the company going (see the SEC fillings), to keep the reports filed, and so on. Another very good sign of insider confidence.
Naked shorting, which MM's are allowed to do sad to say.
If it goes just a little lower before bottoming, I am selling the ranch, and going all in. But with my luck, my bid will act as support, and MM's will grab the cheapies for themselves at my bid or a tiny bit higher, and deny me the prize!!!!
Look at the long term chart, this one can run hard, like 1000% up on the right news. I would not panic and bail out here. I am hopping for an early OPEX-Christmas rally the next two weeks, to get people to fell good about holiday shopping, like they did the last 2 years.
I bought AEXP a few weeks ago at .015 (after a 6 month 80% rout, and it went to .078 last week!!! I think this one is getting close. Maybe be one more panic volume drop lower, then they start walking it back up. The MM's must be trying to get a lot of cheap shares, and no one wants to sell any volume this low, so they keep the pressure up till some one dumps a bunch of shares.
Go MNLU!!!! Try some Choline Chloride, instant memory, works like a charm!!!!
Medical students use it when they need to memorize 100 pages in a day of a gazzillion little names for a test the next day. Brain coverts the choline into Choline Chloride, which the brain uses to store memory.
http://www.google.com/products/catalog?q=choline+chloride+supplement&oe=utf-8&rls=org.mozilla:en-US:official&client=firefox-a&um=1&ie=UTF-8&tbm=shop&cid=14605355439289349052&sa=X&ei=qrO0TtmoD6eq2gXS4JjPDQ&ved=0CF4Q8wIwAg
I got into AEXP 2.5 years ago, long before they got involved with MNLU and later the merger.
Well didn't somebody mention that the door had closed for private share auctions which could imply that they might be in negotiations with a a JV to finally make the merger happen and get the work started. Hopefully theyll drop a PR later and enlighten us on whats going on.
The part that has me really confused is this (and I'm hoping someone more knowledgable maybe able to enlighten me on this), if I had 50 million in cash buried in the ground, and the cost to have it dug up was 10 million, I don't think I would have any problems getting financing for giving up a piece of the action. So why is MNLU having so much trouble when all they have to do is point to the millions of dollars down there?
Just curious, once/if the merger happens, and the shares are exchanged etc etc, will they most likely make ppl start jumping on board and driving up the price of the stock?
Pigroast is our designated MNLU BEAR mascot and comic relief aid here!!!!
Read my lips! Pay attention because there will be TEST at the end!
LOL.
AEXP and MNLU and Guggenheim are all JV partners in the BP#1 well!!!!!
AEXP brought the entire location, and idea and early leases to MNLU who had the funds from cashing out on their prior winning deal (28 million dollar sale), and Guggenheim contacts, and Guggenheim money.
MNLU bought up more leases, then the three parties signed a JV deal, and MNLU and AEXP signed a merger agreement, then the well drilling started.
Wow, I feel like I am in the Twilight zone suddenly. Sorry to be brash here, but as long as you have been here, I thought you had done far more DD that your statement says.
AEXP owns a huge portion of the Mississippi leases, and IIRC owns the lease the current well is on.
Nothing weird about it. NITE has been glued to the bid and ask on this one for 2 years, and many others that I know of for just as long. My Broker is Fidelity and most of their orders go through NITE, and I have watched my orders show up on the bid and ask on very low volume days as NITE bid and ask movement.
This company has had 5 years and nearly 100 million dollars to make their business plan work. It would have been safer in a Greek bank, at least we would still have maybe 20 million dollars left in value. Instead the market cap is about 1.5 million dollars, and they are broke, and no one will lend them money anymore, not even loan sharks.
My guess is the 40 million might be used to buy CSGH, to further vertically integrate ABAT, if and when the opportunity arose!
Did you miss the news today on APWR? Nasdaq has withdrawn the de-listing decision, that is why APWR is back up near $1.00 from a low of .20 the other day. If NASDAQ really still thought APWR was a fraud, why would NASDAQ back down?
I also suspect shorts are panicked at today's news, thus the reason for sudden posts out of no where saying to sell ABAT and run for your life?
I suggest you cover your shorts while you still can! GO ABAT!!!!
SHENYANG, China, Nov. 3, 2011 /PRNewswire-Asia-FirstCall/ -- A-Power Energy Generation Systems, Ltd. (OTC Pink: APWR, "A-Power" or the "Company"), a leading provider of distributed power generation systems and manufacturer of wind turbines in China, today announced that the NASDAQ Listing Qualifications Panel (the "Panel") has determined not to continue with delisting the Company's common shares from The NASDAQ Stock Market LLC at this time. The Company has been granted until December 31, 2011 to file its Annual Report on Form 20-F for the year ended December 31, 2010 with the U.S. Securities and Exchange Commission.
The Panel may move to reinstate trading of the Company's common shares on NASDAQ following a review based on, but not limited to, the compliance with listing standards, filing obligations, and information relating to improvements in the Company's internal controls, provided that no new information arises that would merit an investigation by A-Power's audit committee of its board of directors and that the Company cooperates with any further requests.
A-Power's common shares are expected to continue to be eligible for trading in the OTC Pink Limited Information tier of OTC Markets Group Inc., under the trading symbol APWR, pending reinstatement of trading on NASDAQ. For information about quotes and trading, please visit http://www.otcmarkets.com/otc-pink/home.
The Company is working diligently to evidence compliance with the Panel's terms and all further requirements for continued listing on The NASDAQ Global Select Market; however, there can be no assurance that the Company will be able to do so.
Read more: http://www.nasdaq.com/aspx/company-news-story.aspx?storyid=201111030845pr_news_usprx____cn99407&title=nasdaq-panel-issues-favorable-decision-for-a-power#ixzz1cfzzNBpD
Hmm? Which post should I believe? I think I will follow my own advise, but thanks, since I am up 200% today on my last pick!
ABAT is a buy here!
PaigeCoverdale Member Profile PaigeCoverdale
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Wednesday, March 30, 2011 1:39:08 PM
Re: To Ecomike post# 343
From PaigeCoverdale Post # of 943
This is the first time seeking alpha has done me a favor. I just bought a bunch. The only thing I do not like about this stock is their printing shares to finance the two new acquisitions they intend, this kept the stock in the $3.50 range, when it really should be higher. Now, they have about $227 million in assets and a market cap of $150 million. This stock is worth $3.25 on book value alone, and when they purchase the two acquisitions and get them up and running, who knows?
What is so funny about the hit piece, is it makes a big deal about them selling bikes and scooters, like it's a secret and they were saying they were selling cars. I have been following this stock for over two years and they have always proudly stated that they are in bikes and scooters, but are looking to expand into larger vehicles and this is part of their acquisition strategy.
He tries to paint ABAT as a chinese reverse merger over the counter stock. It's headquarters are in New York and it is on the NASDAQ. Has the person that wrote this article been shorting the stock for a while and now getting margin calls? Are they worried they are about to lose their a** after seeing the earnings report?
PaigeCoverdale Member Profile PaigeCoverdale
Post 11/3/2011: Ok, that still leaves them with $40 million, why borrow $6 million and pay interest when you have $40. They wouldn't be liquid with $34 million? If there books were legit the stock would have a P/E of less than 2 and have a 10% short interest.
And just because APRW stock jumped one day on news it wasn't a total transparent fraud, lets see what it does tomorrow and if it ever gets back on the NASDAQ. The NASDAQ at least is kicking these scams off their legitimate exchange and banishing them to the pinkies, hopefully never to be heard from again like CNOA and JADA trading at 2¢ a share.
PaigeCoverdale Member Profile PaigeCoverdale
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Wednesday, March 30, 2011 10:26:59 PM
Re: CaptainCanada post# 366
Post # of 944
ABAT IS NOT A SCAM, STAY THE COURSE.
It was my understanding and I am no inside expert, but they sold almost all of their batteries to Wuxi Angel and when Wuxi was having problems paying, they simply bought Wuxi, because they believed it the product and their batteries. Many thought this a huge mistake, because I believe they felt, what does a batterie producer actually know about selling the products that their batteries go it. I think this risky purchase was the beginning of the short selling.
Only one problem, ABAT made it work and started raking in money and this alone would have squeezed shorts out, but ABAT wanted to also expand into the large battery electric car market and started printing stock to raise money for this very thing. They have raised about 100 million and I believe about 80 million is ear marked for two acquisitions for factories for this very purpose.
The short sellers keep waiting for ABAT to fail or do something stupid and it has not really happened, so now I believe this hit piece, timed very suspiciously to help shorts cover a developing short squeeze. Those at Seeking Alpha should be liable for slander. They have done this exact same thing to a number of chinese companies. Just google "seeking alpha hit piece" and you can take your pick as to who they are bashing today. They recently did a bash piece on yongye (YONG), Yongye responded and now some at Motley Fool ask, "Is this the perfect stock?"
http://finance.yahoo.com/news/Yongye-International-Responds-prnews-2944223270.html?x=0&.v=1
http://www.fool.com/investing/international/2011/03/29/is-yongye-international-the-perfect-stock.aspx
PaigeCoverdale Member Profile PaigeCoverdale
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Wednesday, March 30, 2011 3:02:18 PM
Re: richinmintues-com post# 349
Post # of 944
I have been following this stock for too long and have done too much research on it to not know this guy is doing a convoluted hit piece with a few charts to confuse the issue and help him out of his short squeeze. Let him rant. Earnings drive stock prices, bottom line, not hit pieces. For its size, ABAT is making more money than almost every other lithium battery stock out there. In my opinion, it is the best lithium battery electric bike / car / vehicle stock to invest in.
The Street.com and Ford Equity Research rate ABAT STOCK at a BUY RATING, even Research Team (a coalition of five independent research groups) rate it at a HOLD. I find it hard to believe, no, impossible to believe that this obscure short seller has access to any information that they have not formally examined.
You obviously have not read the recent ABAT financials. They have invested something like 30 to 50 million dollars in the 2 new production lines, and new plant, that will shift into production shortly (only weeks away at last report). Your credibility is gone now after claiming "when they have $100 million in cash", since they only had about 80 million and spent nearly 1/2 of it on the expansion the last 6 months!
But on the off chance that sellers show up (most likely in a panic, before a short squeeze panic), I will be buying just like I did APWR before it rallied 200% today, as I want more cheap shares too, but I will not lie to trick others into selling them to me cheap! My guess is shorts are getting scared here (after seeing what just happened to them with APWR today, thus the suggested sell and run posts here today! Nice try.
The fact the subsidiary was able to borrow cash with out ABAT assets securing the debt, confirms the subsidiary vehicle company is doing very well since the ABAT buyout, and does have the collateral needed to raise 8 million with out selling shares or borrowing from the parent ABAT.
For those newbies that have not read back over the last 2 months posts here, we got word then of a private, restricted stock offer (for accredited investors) about 2 months ago, but the word this morning from the same PR guy (Mike Parker), is that the private offer has been withdrawn (which I assumed based on the stock price, rally), which means they must think they can cut a deal with the big boys finally, with out selling new shares!!!! Which means the price cap we were expecting this year of .40 to .50 is now gone, and we could be back in the $1-$2 range very soon!!!
Since we knew about the private offer here, all one of us had to do was try to buy some of the offered shares, to get the word that door had been closed!!!
For the non believes of CSGH, just look at one of the others I called a buy on near the bottom (Google Ecomike Seeking alpha articles, and see my comments), of APWR, which is up 200% today!!!!
BOOM!!!
GO CSGH!!!
The original ABAT firm makes batteries. It bought a vehicle company, customer, that was in trouble and owed it money 2 years ago. They turned the vehicle company around and its sales have exploded. It no doubt needed additional cash to cover exploding receivables, sales, and ABAT is sinking cash into a near doubling of battery production capacity that goes on line by year end. Note they did not sell shares to raise the cash, the subsidiary firm borrowed against the land (secured debt, which ABAT had no doubt payed off 2 years ago in the buy out!!About 1/2 of ABAT cash is going into the battery plant expansion, doubling of size, so they need the rest to stay liquid.
If you want to see what is likely to happen here soon, look at APWR today on positive Nasdaq finding!!!! BOOM!!!!
Checks are good! Especially large ones!!!
I just put my oxygen mask on, LOL, still holding!!! This will be one for the record books, no doubt!!!!
By "stock offer is out" you mean canceled? If that is true this is heading back $1 fast!!!
That is about the 4th time this year some one has done that. Last time it was .015, and I got a partial order fill that time. May have been an MM taking advantage of a large stop loss order that needed cheap shares, or somebody that is attacking the bid on weak level II while all eyes are on MNLU instead of AEXP. Usually the attack is followed by higher bids piling up at higher prices in hopes of another window jumper that never comes for another month or two Tell we fall asleep at the wheel again, LOL).
WOW, who ever bought them is up 100%, .07 just printed!!!!
By the way, for the chartists out there, that low today covered a prior recent gap up, and makes a wave 2 (or B wave) down, so if we hit .081, that is the beginning of the larger wave 3 (or C) wave up rally!!!!
I bought back in at .40, trying to get more. Do you have a bid ask source that is working today? If yes, share a link please!!!!!
If shorts start to cover, this could be one for the record books, like 10 bagger in one day EASY!!!!
They will be BK before you get the chance.