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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!!
http://www.kidsturncentral.com/roundtoit.htm
http://itunes.apple.com/us/app/round-to-it/id295916203?mt=8
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!!!!
Great news hot off the press for CBAK:
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 CBAK !!! And a beginning of a search for oversold stocks in the China sector like CBAK 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!!!!
Great news hot off the press for CSGH:
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 CSGH !!! And a beginning of a search for oversold stocks in the China sector like CSGH 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!!!!
So much for playing musical auditor. My money is a buy out or merger between CSGH and someone like ABAT some day soon.
Great news hot off the press for ABAT:
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 ABAT !!! And a beginning of a search for oversold stocks in the China sector like ABAT 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!!!!
CSGH fell farther because it rallied farther.
Not good news for any China stock investor.
Most of the info you need is in the last 14 months of posts on the MNLU site.
There were not enough shorts at the bottom left to amount to a hill of beans. And AEXP had ZERO shorts. This has been real buyers, that sold on the way down from $1+ over a 6 month wait for $$ news and for flooding in Miss to abate earlier this year, trying to get back in before the rally tops out. A little less than 5% of the total shares issued have traded so far in this rally in either of the two merging companies, so it has to legs to run!!! So it may have a lot of upside left, a lot more than most of expected.
The real longs, have held onto at least 95% of the outstanding shares of both companies since the rally started 10 days ago.
Click here for a larger view:
http://investorshub.advfn.com/uimage/uploads/2011/10/31/ljpdsfidelity-compare-chart.img.gif
Comparison of the two stocks over time.
I think it is time we put the pig out of its misery. Let's push this stock up to $1/share where it belongs tomorrow!
Go MNLU !!!!
I did not understand your shorts question, sorry. Naked shorts have 3 days to cover (IIRC, but it is more complex for MMs and brokers), borrowed shares (borrowed by shorts to sell) pay a rental fee to hold (stay short) as long as they want.
The stock is down with the market, plus the last 2 news cycles, one is that the CFO/director resigned (news today, resigned for [personal reasons, possibly health?), and the other is the vehicle subsidiary took out a loan. I think they took out the loan in vehicle subsidiary to fund receivables and volume growth in sales )based on prior news), and to show that a China bank would lend them 7-8 million US dollars, but I think some shorts jumped on the news first.
Things are going to get real busy in here this week. I am offering to be an assistant MOD if we need one?
Lots of news popping up all over the place on this one tonight!!!
http://seekingalpha.com/article/303614-beacon-power-becomes-second-doe-loan-winner-to-declare-bankruptcy?ifp=0&source=email_alternative_energy_investing
http://www.bizjournals.com/boston/news/2011/10/31/beacon-power-declares-bankruptcy.html?ana=yfcpc&kme=Email
http://www.bizjournals.com/boston/news/2011/10/31/feds-defend-beacon-power-loans.html?ana=yfcpc&kme=Email
http://www.bizjournals.com/boston/news/2011/10/31/boston-law-firm-is-top-bcon-creditor.html?ana=yfcpc&kme=Email
My contention is that it no longer matters who the auditor is, if it is a China stock with shares traded in the US, it is suspect no matter who the auditor is. And changing auditors or officers, just makes it that more suspect by most investors that lack a strong stomach, at least until the new auditor is done, which seems to take a year or more!
For me, I am now down, wiped out by four US tech investments since 2008, and all of my China tech investments are still holding up reasonably well all considered (I was careful to buy them cheap). Today's falling star for me was BCON. They filled for BK today. They had the only Flywheel energy storage system (large scale backed by the US DOE) on the market. After the 40 million dollar DOE loan, and the start up of the NY 20 megawatt plant, it seemed like the time to invest there. Luckily I only tasted that apple (LOL, the NY Apple, LOL). Now wishing I had put the money here.
LOL, I been smelling roastpig for a week now!!!! GO MNLU !!!!!
Thanks for the all clear signal to PIG out and buy at .40 like crazy !!!!!
A voice from the PAST, from pigroast11:
Tuesday, October 04, 2011 6:32:58 PM
Re: Ecomike post# 4875
Post # of 5160
Double down? You should really stop telling people to buy this garbage. I tried to warn everyone @ .39 to get out and everyone laughed. Now i'm telling you once again its going to ZERO. Sell any rally
pigroast11
Wednesday, October 05, 2011 3:38:22 PM
Re: Ecomike post# 4889
Post # of 5160
This company wont exist in 2-3 years.
You will own worthless paper certs.
Member Profile pigroast11
Friday, September 30, 2011 6:36:49 PM
Re: AntiMarketMaker post# 4860
Post # of 5160
Same bag holders that were buying @ .30 and .39
Hows that working out for you? I'll cover @ .001
Member Profile pigroast11
Friday, September 30, 2011 12:31:20 PM
Re: maybe_this_time post# 4851
Post # of 5160
Why would anyone buy this garbage!?
When CGYV switched auditors the stock price dropped about 80% while everyone waited for Deloitte to do the annual reports (they immediately, once hired, refused to use the prior 2 years audits as the basis for the current year), and the stock nose dived, while Deloitte took nearly a year to come out with a report that said opps, the prior 2 years were better not worse, sorry mr. investor.
I will not hold a stock that begins the process of changing or even discussing changing auditors just to say "look I have a top 4 audit". Also top four auditors are no long the answer, just look at the ones that Deloitte bailed on recently!!! Like Longtop, CCME,
http://www.nytimes.com/2011/05/27/business/27norris.html?pagewanted=all
http://af.reuters.com/article/commoditiesNews/idAFL3E7LD2O820111013
http://digicha.com/index.php/2011/05/longtop-teaches-deloitte-how-to-discover-a-chinese-stock-fraud-again/
A chance yes, but at what value (?) I have no idea. I was lucky in that I never bought enough shares (at $3, post R/S value, 2010) to really hurt me bad, and now the price is too low to sell, they are not worth selling, too few dollars left on the table (risk reward favors me holding now), so I may ride this one out. If it drops another 50% at the open tomorrow I may even double, or triple down for a short term trade, or bounce.
It will all depend on how much unsecured debt they had, and whether the court will swap out secured debt for stock with the DOE and US Treasury?
One thing is for sure, something of it will survive just keep the DOE from taking a 100% loss on the operating plant!!!!
They had about 70 employees doing sales (LOL) and R&D plus an overpaid CEO, so there is plenty of room to cut costs!!!!!
90% of the time, BK will wipe out all existing common shares. But there have been a few recent exceptions the last 3 years, but I suspect that will go back towards the norm of most wiping out the old common. Even YRCW's recent hail-mary pass did a 99% dilution of the common shareholders, while replacing most old debt with 99% new shares, where 48 million shares went to 4.8 billion (1:100 dilution) shares to wipe out a lot of old debt. Of course the company is worth more with out that debt, but it has yet to post a profit (it might post a profit with the debt gone now?).
One good thing is the low share count!
Right now it is more of a short term gamble, that anything else. I find it interesting that it is not already selling at .02/share!!!!
Nice buying volume today, almost 4 million shares. Hopefully a sign the tide has changed? Almost no chat here, meaning the bottom may be in.
More detailed news clip on today's news: