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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!!!!
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I got into AEXP 2.5 years ago, long before they got involved with MNLU and later the merger.
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!!!!
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!
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.
Hello UK!!! GO MNLU!!!!
Italy hit the wall on Monday big time when the Greek Tragedy hit act III, and is now in serious trouble (so are both governments!!!)!!! And if Greece does an extended delay/stall on this vote nonsense, it could wipe out some Europe banks over fear of a complete 100% loss on Greek debt. There is nothing good about the mess they are in right now. And the USA is on a collision course with about 17 days left for the Super Committee to cut the US deficit in a compromise deal, or the axe comes down here with federal budget cuts across the board, and political gridlock here too. All recipes for disaster.
I have seen 3 distinct penny stock trends in the USA. Near OPEX, when the big stocks are hammered to promote MAXPAIN on options expiration, the pennies seem to be to blind to the huge drops in big stocks, in fact the MMs seem to prop the pennies up on low volume while DOW stocks tumble 5-10%, then they hammer the pennies down a few days after OPEX when the big stocks rally hard back up. Also money may be moving from the pennies to the cheap blue chips when the OPEX phase ends and switches to the next month or quarter. The third one is when panic hits and every one sells and GS HFT machines feed the fear and drive it down. When that happens the pennies, high betas live up to their risk level and fall a lot faster and farther than the blue chips. I have also noticed that pennies tend to bottom before the DOW stocks on a panic sell off. Last, most of the time, I have noticed that shorts tend to cover by month end, with MF window dressing (unless a panic is underway), then they short heavily the first 2 days of a new month, all to hide from the month end FINRA naked short reporting rules!!!! Naked short reports are twice a month, but OPEX is the third Friday of the month, sometimes near the 15th, when the short report is due, so it gets messy mid month.
Lastly, China, USA, Japan and Euro all want low currency values to drive exports, so they are all in a race to the bottom. The trade war is going on with speculators playing global currency wars, with the peasants getting the shaft! And we just had our first US/Euro casualty on Monday here, an ex Goldman Sacks guy BK a 200 year old (10-20 billion dollar) brokerage firm, MF Global here by using 4:1 leverage to buy Greek bonds, using borrowed money to profit from the interest spread on short term Greek bonds!!!
LOl, It is called a ROUNDTOIT!!! My ex-girlfriend gave me one once!!
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http://www.quantumenterprises.co.uk/roundtuit/
Perhaps we should all donate one of these lovlies to the EGOH CEO, Wilmont himself!!!!
Not much doubt now that we are going back to test .35, which leaves the door open for a run to the 40 cent area.
May be time for our eyes and ears here to check the well site and road to see if we have missed any NEW signs that there is new activity getting the road and site ready for a Frack crew and hardware? Or changes in the lien documents, indicated some one got paid for up on old bills. I still expect a PR extending the merger date to Feb 2012 any day now, if MNLU/AEXP history is a guide here.
Note that AEXP closed at the high of the day, .077, which is equal to 30.8 cents a share for MNLU!!!!
Looks to me like we will break out into the .30 to .40 range after all. If not by the close, then some time tomorrow, if the Europe news overnight is not too bad.
So, who is buying the beer tonight? LOL Go MNLU GO!!!!
Put your rally caps on folks!!! Just printed .28 on a 60,000 share lot, high of the day here, and AEXP hit .075, equal to .30 for MNLU earlier today. Sellers are gone!!!
If we make a new high, .36 or higher for the this 12 day rally, this will take off way higher!!!! Could still double from here, and it does not look like it will take a huge volume to move it to .50?
Truck fleets, like trash trucks and buses are moving to NG already, no subsidy is really needed. Record low prices and the markets will move the change to NG, so will the lower GHG emissions from using NG.
http://www.ngvc.org/about_ngv/
I am not familiar with Razor. Keep in mind there are two kinds of BK. Reorganization and liquidation. Sounds to me like the existing common shareholders may survive with part of BCON when it comes out of Chapter 11 (research XIDE, chapter 11). Question is, what will those shares be worth then. And will the RTO on the NY plant be positive enough to save the company, to prove the technology is economically viable. I also suspect speculation will push the price back .20 to .25 share this year.
Up another 12% today, on no news! This thing must be running on a full lithium ion charge!!!! LOL
GO CBAK!!! I knew you could do it!!!!
Some one wants that Nasdaq notice rescinded fast!!! And I think earnings are pending, so someone may know something, perhaps a profit again, finally? OR maybe they got a large order?
Book value is still about $2/share!!!
Like I said yesterday, .20 was a 50% retrace of the rally, which is common for an Elliot wave 2 or B wave, Fibonocci number (.50), now it should form a trading triangle between .28 and .23 area next (based on .5 Fib retraces), unless there is more going on. If it (or when it) breaks out to .29-30, look out overhead!!!!!
We should see an 8-K soon, announcing an extension of the merger deadline, which may push us up into the 30s or higher.
With the S&P 500 down 5% in 48 hours this week (mon, tue) on the Greek Tragedy and other bad market wide news (MF Global BK), it was only to be expected that we would see a sell off yesterday.
Late today the FED reports (2 pm EST?) and we will see some wild gyrations in the market the last hour as a result. This is likely to be a volatile week based on Greece and Italy, that we may get dragged along with.
I am in pretty damn deep myself, but I was up 50% just two months ago (apx), when we hit .28/share (and I held thinking we had put the .20 and lower behind us), only because I bought a lot more at .10 to .14 on the prior sell off. If TTEG had a history of significant dilution I might be worried, but this one has been around a good while, and share count is still very low, and insiders and contractors took shares for pay as high as .25 this year for work done. The marketcap has been hammered by about 80% this year, so unless Europe blows up, this is the time to buy, not sell. But then again I do not chase stocks, I wait for them to come to me.
I just need to lean to sell some when the run up again, LOL. I bought my first shares here at about .40/share, but it was just a nibble.
Your not greedy, your just too CHEAP to pay up!!!!
LMAO!!!!
I would call the toll free number and ask where the office is first, as the phone number changed and they may have moved the office (I do not know), or they may not be there all day? Frankly they will chat on the phone and answer your questions all day long.
21 Waterway Avenue, Suite 300, The Woodlands, Texas 77380 USA
T 877-662-3668
http://www.mainlandresources.com/
Add Jerry to that list of names to ask for. He owns over 10% of the outstanding shares, and was the PR man until they made him a director on the BOD about 6 months ago. When he was just the PR man, we did not know he owned at least 10% (but as a new director he had to file the form 4).
I live in Houston and never felt the need to go to the office, as I doubt there is much there to see (?). Most of the real assets and operations are on the leases in 2 states other than Texas. You seen one office, you seen them all, and I am not impressed with offices anymore.
The only real remaining question is financing, and they will not tell you any real details (accept that they are working on all the angles) that we do not already know (as that would make you an insider, and you could not buy or sell on the non public info until a PR was released), but if you are confused by what you think is conflicting information or just unclear about some things that are public knowledge, they can help you understand the info that is already public, and scattered over 3 years and hundreds of pages of public info. Jerry helped clear up some confusion on parts 6 months ago for me, and past the details on here. They can of course show you what is already public here and there on the internet, info wise, but you can find most of it on their web site and the Ihub MNLU page here:
http://investorshub.advfn.com/boards/board.aspx?board_id=13310
Also, there is a newer fluffy (LOL) promo PDF file some of us got from Mike Parker last month, that he can email you, or I can email you if you just ask me at ecomikex at gmail dot com.
Ddog, do you still live in Houston? I live near Hobby airport.
IIRC when I called the toll free number last time I talked to Jerry (I left a message and he called me back an hour later), and I think he was in Canada at the time? One more reason I suggest calling and making an appointment before wasting gas. All three of them may be on the road at meetings in other states talking finance with the big boys!!!!
Rumor had it recently that several Japan companies are interested in buying a big a stake in US natural gas (for LNG transport to Japan)!!!! But I am not sure why? (LOLOL!!!).
I noticed the new low myself. I am going to keep adding at any new lows, but I do not have enough money by myself to push it back to 30 cents. It is already way too cheap to sell here IMHO. They have several irons in the fire, highly efficient and cost effective hydrogen generator ready to build and market now, and the TTEG engine test results should be out soon, possibly kicking off early manufacturing and sales of the TTEG engine, and the stock rallies have been very large, sometimes extended for a good long while. We are 90% below the 2 year peak price, so this is the time to stock up on cheap TTEG shares, cheap prices that we have NOT seen in years.
One of my other picks that sold off like TTEG took off 10 days ago, and was up nearly 300% before some profit taking hit today (MNLU and AEXP). And I was just about the lone bull left buying at the bottom on AEXP at .015 just before it did a 10 day rally to .08 yesterday.
I was buying TTEG months ago at .10, and it went back .28 on news recently, before this last sell off. (I guess I should have sold, but I am more of a long term investor, not really flipper).
It was a sign that the longs were staying with AEXP, and the flippers were getting a little nervous and taking profits in MNLU.
MNLU should bounce hard back up from here, as it covered the .20 to .22 gap now, and has retraced the fib retrace of 50% for a completed wave 2 retrace!!! May gap up hard at the open tomorrow, to start the really big move higher.
For those that are new here, and may not have all the facts, here are SOME details and history:
But first, in case no one has noticed, the price drop today has been on very weak volume (compared to yesterday), and declining volume, and the selling stopped at .25 (Edit: now .23 low), which ends or nearly ends a B wave down, and could be followed by a monster C wave rally to above 50 cents next. If that happens, it also completes a 5 wave impulse up (wave one ended at 34.5 cents), under Elliot Wave theory, which means it is the beginning of a long term rally higher. Friday gap up support is at .21/share, which would make an Elliot wave 2 retrace of 50% of the wave 1 move up, before the big rally up, wave 3 or C takes us to over 50 cents, and the 50% retrace is a big fib number for 2nd wave retraces!!!
Now for the History:
Here is the latest source:
http://www.sec.gov/Archives/edgar/data/1395205/000118374011000791/f10q.htm
http://www.sec.gov/Archives/edgar/data/1395205/000118374011000186/f8k03142011ex99.htm
Covers the 14 billion BCF of natural gas per section (time 28 sections) PR for the Buena Vista Miss leases.
Book value of unproven reserves is .16/share (probably based on lease costs paid out).
The recent independent analysis of the Louisiana assets places their market value at about 40-45 cents a share (oil, gas, and condensates).
http://www.sec.gov/Archives/edgar/data/1395205/000118374011000025/f8k01062011ex99.htm
The two separate studies of logging data while the well was drilled, and core sample studies, times the post merger acre size, yields a calculation of about $1 billion dollars of natural gas in place at 22,000 feet (400 F, +20,000 psi!!!!) in the Miss leases alone. This does not account for oil above 22,000 feet, or smackover oil believed to be below the current well in the same property in Miss. It also does not include the lease property in Louissiana (the 40 cent a share value I mentioned above).
The company has about $4 million dollars in total debt, that is unsecured!!!! (only exception is a few liens from recent court judgements on recent past due bills).
One of the new directors, Jerry, owns at least 10% of the shares outstanding!!! See the form 4 he filed when he accepted the Directorship about 6 months ago.
Great news hot off the press for CRTP:
http://seekingalpha.com/article/303735-harbin-electric-buyout-approved-implications-for-u-s-listed-chinese-stocks?ifp=0&source=email_global_markets
This should be the beginning of the end for short attacks on China stocks like CRTP !!! And a beginning of a search for oversold stocks in the China sector like CRTP that are not frauds!!!
Where there is one, there are two,....and so on to many!!!! The same logic the shorts used to throw all China stocks into a tail spin a year ago!!!!