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Looks like we are off to the races folks! Already up .10/share!!!
They already have a facility online. I agree on the licensing fee problem, good explanation, and it is a big part of why I finally sold and gave up on them. It was a great idea if they could sell it, large upfront profits, but your analysis is right on, no one is going to risk that much money up front.
I am hoping it is partly OPEX driven. Tomorrow is OPEX! The BDI rally may be seasonal!!!!!
But there are landmines ahead for sure. Elections for one. Liquidity drying up some is a problem. But there is a difference this time, many firms (outside of the BDI, like GE) have piles of cash this time and are not dependent on overnight cash loans like they were in 2008. M&A may take off again in some sectors.
Falling oil may help the shipping sectors, and airlines
BDI is definately showing major strength and not just for a day or two, in spite of all the other bad news. Question now, is the rest of the market testing the bottom and about rally all year, or will the BDI rally be trumped by all the other market wide bad sentiment.
What is even more interesting is that MNLU is much cheaper than AEXP today, on less volume. I have no idea, but I am almost green today, only thing hurting my longs is OPEX stocks like AA, which is getting hammered today. I think the penny stocks bottomed 3 months ago!!!!
There has been no dilution since then.
MNLU payed it off, and did not renew it, as they were swiming in cash at the time. I have no doubt they could borrow from Guggenheim right now, but it is obvious they think they can get better terms.
There has been no change OS shares in about 18 months.
Thanks.
Having read it, now I am wondering why there is not more detail on the debt that was retired with 60 million shares? The 2010 to 2011 debt level in the tables looks nearly unchange, yet 60 million shares are out now? I only see details of retired debt of about $120,000 at most which would only be about 12 million shares at .01 share. Something there does not add up yet.
Aug 11 report? Where?
I think on a normal day this news might have sent us back to test .30/share. The day is not over, if a market rally takes hold we could break out over .20 on this news.
This is major news!!!!!! This patent alone, in China, is worth millions!
LOL, Have not seen that:
"Patience my ass - I'm gonna kill something"
In some time.
I think the selling, or the price drop has just started. Been playing / investing in this one since 2008. We have steady insider selling, and future dilution coming at an unknown price, along with all the other market, economy, and debt worries world wide.
Nice! Thanks for the help!
The sell off here has begun. Only question is where will it bottom. I am holding cash to buy when we get there.
And so the Phoenix rises!!!!
Up 40% at .07, on 290,000 shares!
BOOM!!!
I don't think so. They seem to have insiders (Like Gerry, the new Director, who owns at least 10% of the outstanding shares according to the form 4 he filled when he accepted the Directorship position), that are willing to loan enough money in unsecured notes to MNLU to the pay the important, critical bills. I think the hold up, issue is the big loan for at least 15 million they are trying to float. The last 10-Q showed insiders loaning over $1 million in cash, unsecured, to keep the lights on the last 6 months. That kind of loan by insiders (documented), with out share dilution says all I needed to read and hear!!!!!!
They had used about 8-12 million dollars of the Guggenheim line of credit, and payed off the entire balance when they collected the $28 million from the sale. I forget the exact numbers.
That concurs with my conclusions based on the SEC filings and 2 chats I had with Gerry 4-6 months ago. Frankly I find the delays encouraging, tells me MNLU Execs are holding out for the best deal they can get, and tells me they are not in a panic rush here where they might sell the farm.
The 28 million was first used to pay off the borrowed money from Guggenheim, in full, on the 40 million dollar line of credit. It was about 10 million dollars (+/-) paid on the debt, paid in full, most of the rest, about 14 million went for the well, and some more to the leases.
Those are not exact numbers. They are in the S-4 and 10-Q, and 8-K filings at the SEC.
If this was a typical penny stock, I would think this was an MM raid for cheap shares just before big news was coming out. I have only seen that happen with MVTG once, about 14-18 months ago, but I think that news was partly expected (Korea at the time), not leaked.
FWIW, the CO2 GHG problem has not gone away. I was watching the weather news last night and Houston, Texas has broken not one, but nearly a dozen all time heat records this year, including a 75% reduction in rain fall this year.
So just like the Euro and USA national Debt, The GHG-Global Warming-CO2 problem ain't going away on its own!!!!!
http://www.google.com/search?q=houston+heat+wave+records&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a
The MVTG technology is still sound, economical, revolutionary, and it has international patent protection in process, and 2 very large firms (not to mention 3M), KOSPO and LaFarge all already took notice.....
I agree.
LOL, they do speak English in India do they not?
LOL
Calm before the storm?
Only question I have, is which storm is coming?
Probably a smart trade! GLTA.
Thanks for the info.
People were afraid the markets were crashing again, and some took profits. If tomorrow is an up day market wide it will go higher.
I am referring to the last 2 weeks data on employment and production and inventories. And the news the FED will hold rates at near zero for up 2 more years.....Also the big pull back in oil prices will help retail sales.
Fitch just affirmed US credit rating as AAA!
Look at today's news on industrial production:
Read between the lines here:
I wonder if the Japan disaster which killed car production till now (lack of parts) hurt battery sales last quarter? If so their could be a large bounce of battery sales this quarter as car production ramps way back up to fill emptied inventories of cars are dealer lots? That would show up in 10-Q data in 3 months.
I see that. May be seasonal, but looks encouraging for now.
You can check the daily BDI here:
http://www.dryships.com/pages/report.asp
Interesting news, and read on Hydrogen that is pertinent to TTEG shareholders:
http://ih.advfn.com/p.php?pid=nmona&article=48847757&symbol=FCEL
All the newest numbers I have seen the last week or two tell me the double dip will be avoided, and that we already bottomed on the market recently. That does not mean we won't retest the lows at about 1120 or so, before year end (maybe in Sept), but I see and read many TEA leave (LOL) signs that indicate the economy is starting to expand again.
We finally have a real winner here folks!!!!
Real profits, real sales, massive increase in both, versus losses in the past. The new production plant is paying off!
http://ih.advfn.com/p.php?pid=nmona&article=48841656&symbol=CGYV
The accumulated deficit means that common shareholders have negative equity (negative book value) in the company, and that some sort of excess debt is being used to pay bills, and or they have more debt remaining that stock holder equity.
If they write off the BS book value they have on the books for the Terra purchase valuation (which has zero new sales now for almost 12 months), the equity is far worse than reported.
I see in today's PR they say:
I don't recall any real news driving it up from .10 to .28 this year, just ran out of sellers, and ran out of MM games holding it down to get cheap shares, and off it ran, maybe on expectations of news after a long quiet spell.
This does not look like good news tonight (Just showed up in a preset alert I have for emails):
http://ir.exide.com/secfiling.cfm?filingid=1104659-11-47060
Have you examined the over all inside trading and institutional trading on XIDE?
Best of Luck!
The only way the spread will tighten is if more day traders trade it in volume, and tighten the spread.
We have traded between .10 and .28 the last 3-4 months. Had one real good run to .28 that failed to break out over .30, which is major resistance. Someone, an MM perhaps, has been playing this spread and thin volume by selling at bid to trip stop loss orders IMHO. It has been as high .70 the last 2 years with the right news, and stayed well over .30 (and traded in the .40's) for a good year, before last summers panic selling in the markets knocked it down under .30, and then rumor was someone forced it down to .15 and under for 20 days to set the price for debt conversion to common shares, as .15 was the contract minimum.
The volume here is very thin, to none at times. I have been accumulating for two years. I am in for the long haul.
I watched an order 2-3 months ago fill at .18 for 100,000 shares only to see the MM's immediately walk it down to .10 for two weeks until they covered the 100,000 shares they sold at .18 that they never had!!!!!
This is not an easy stock to day trade!!! But only fools or MM's sell at huge loss on a stock like this.
In this tight financing market, that is possible, or they may at least want to be sure the SEC paper work is all in order, which can take time. I have no doubt they could do a financing deal pre-merger, by simply making both CEOs sign for the notes on behalf of both companies.
FWIW, the Texas TRRC is a bunch of pansies, so what ever the issue is, it should not be too hard to fix.
Then get off your ass and stir up the natives here!
LOL
Nice to be a stockholder here today! GO ABAT!!!
I am not sure Brian Cully knew the problem existed. Would be nice to be able to read the exact text of what the FDA said, but I don't if it is public domain, or how to access it?
Question now is screwed it up, who knew, and who should have known, and was there a deliberate cover up, or did they just believe it was not going to be an issue.
It seems there is more than one form (what ever form means in this context), of the main drug, and the FDA had trouble confirming what form, and maybe therefore what dose was used of the main ingredient, but Cully says in a round about way that only an idiot could have used the wrong one, impossible to mix up the two different ones (or 3 or 4?), but we all know how bad things can get screwed up in hospitals!!!! So I see FDA's point (what they have told us of the FDA's point). Problem is we don't have the verbatim text of the FDA report.