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I would not call it predatory. The current well is a lesser asset class (not proven reserves yet) until completed, versus what MNLU had for asset based loans in the prior deal. I suspect MNLU is getting a sweetheart deal loan at low rates, that may surprise most here. Keep in mind the insiders already put up large cash, unsecured loans to pay some bills the last 4 months. That will look very good to bankers. The math error, was that AEXP failed to raise its share of the cash, which opened the door to a merger, and a grab of the rest of the leased acreage, but added to MNLUs cash drain rate. The merger put a halt to selling new shares by either company, from what I gathered, and since the merger vote prospectus has not been mailed the merger will be pushed back again for another 3 months or so. Also, no one is going to buy us out while the merger is pending!!!
The prior tests are estimates based on lab tests.
The fracking will increase flow rates if it works as designed.
The final flow tests, are and will be actual flows, which changes the asset class to proven reserves, which are bankable at a huge multiple over the current asset value, which is valued at or near 0 on the books right now.
You were saying?
LOL
Just hit $1.50, up 194% more today!
Yes, about $2 just before earnings come out short term target.
Are you calling me "nobody"?
Sir, I must protest,
nobody is interested
Ding,Ding,Ding, Ding! We have a winner, somebody finally gets it!
It appears some people missed the key point of the article, that the problem for some auditors is not that they found fraud, but that they were put into an untenable position by conflicting US and Chinese laws:
The conflict is this, for those who didnt quite read the full article:
If the auditors comply with an SEC request for their work papers, they may violate Chinese state secret laws. If they refuse the SEC request, due to concerns about violating the Chinese secrecy laws, they put the company at risk of de-listing.
So some auditors may have resigned for reasons that have nothing to do with fraud.
Odd, Ihub shows no volume today, but Fidelity shows 25,000 shares bought at .07, high / low of day .07
Wow, $1 already. I did not buy nearly enough of these shares! What a difference not having MMs makes on an already beat up stock!
Note to self: when you buy the bottom, BUY IT, screw nibbling at it! LOL I should have bought more shares at the bottom!
Don't wait too long, it is already on the move!!!
It could close just under $2 today.
Europe depends on Libyan oil, NATO (Europe) asked for our help.
Looks like the market has vindicated my call to buy ABAT recently!!!
GO ABAT!!!
Up another 200% today!!! GO MHAND!!!! Somebody just slapped the asked at .51/share, equal to .0102/share pre R/S!
We closed up 70% yesterday, still way too cheap, current bid is higher than the close and high of yesterday, and great news out this morning:
NEW YORK, July 21, 2011 (GLOBE NEWSWIRE) -- Manhattan Pharmaceuticals, Inc. announced that the Company has reached an agreement with the U.S. Food and Drug Administration (FDA) on a special protocol assessment (SPA) for the design of a Phase 3 clinical trial of AST-726 in patients with a confirmed medical history of vitamin B12 deficiency. Manhattan has designed an open label, multicenter study for investigating the maintenance of trough serum cobalamin levels after monthly administration of AST-726, with a goal of enrolling approximately 75 subjects and a goal of having 53 evaluable subjects complete the study.
An SPA is a written agreement with the FDA that the study design and planned analysis of the sponsor's Phase 3 clinical trial adequately addresses the objectives necessary to support a regulatory submission.
AST-726 is an intranasal spray formulated as an isotonic aqueous solution of hydroxocobalamin acetate with preservatives.
About Manhattan Pharmaceuticals, Inc.
Manhattan Pharmaceuticals, Inc. is a specialty healthcare product company focused on the development and commercialization of innovative treatments for underserved patient populations. The company is currently focused on two programs: AST-726, a nasally delivered vitamin B12 remediation treatment, and AST-915, an orally delivered product candidate for the treatment of essential tremor.
"i would agree with you only if i didn't see this happening across the board in the china sector. many company's are in the same boat."
That is a very good point, and part of the reason I am long on several of these stocks, but timing, and buying the bottom fear peak is the part of the game with these right now. I already weathered the storm on one of the first ones that got drug through this meat grinder 2 years ago (CGYV), and it made a 500% gain off the bottom when all the financials were finally redone and reported, and it turned out the final numbers did not really change much. It took Deloitte over 18 months to redo 2 years of old reports (they insisted on redoing them first!!!) plus the new report they were originally hired to do.
Some of the debt holders are getting 97.5% of the total common stock (new shares, thus massive dilution) shortly, when the refinancing is completed, and we do not yet know how much debt will left, and how much is being converted into new shares, but once it is done, current share holders will only have 2.5% of the outstanding shares. That is a 40:1 dilution ratio. My guess is they will do a R/S after that to push the stock price up to a 20 or $30/share price range after that.
Way too much big money has been and is being tossed into this company for BK to be in its near future. I do not see a BK risk here, but I do see further dilution risk if they do not reduce the size of the losses (or break even) by year end or early next year.
Things are moving pretty fast here now, so I would not wait for 30 cent shares as you may never get them, and you may miss the boat. This could spike to .50 any time now, and then trade for a little bit between .40 and .50 (assuming no news). News could push it $1 very fast!!! If you have no shares yet, I would decide how much you are will to risk (# of $$s), then take about 10% of that and place a buy order for both (10% each), at the 2-3 day low, (right now about .08 for AEXP, and about .34-.35 I think for MNLU), and hope there is down day sell off before it takes off.
With a little luck you might get some shares of at least one on the volatility the first day. But if it gaps up at the open above .10 and .40 tomorrow, or we get good news, then .10 and .40 may be the lowest it goes on the next run!
If YRCW gets back to break even, or even close, they could turn into a take over target, but then the question is will stock holders see any gain in a such a deal. I see no chance of a take over, until the refinancing is completed. And the refinancing is likely to leave existing stock holders with stock shares valued at about .25/share, but that is just a guess based on the lack of details we have been given on the refinancing terms.
I also expect a possible R/S after the refinancing deal is completed. On that basis I am on the sidelines at today's price.
Any stock can be shorted. The only effect the price has on shorting, is the required margin (varies at different price levels). You must have the cash, liquid share assets, and credit and margin account to short. ABAT was shorted at $4, and most shorts have not yet covered their bets.
I will not take much for it to bust out to .50, at which point the 30s may be long gone, as it would then trade from 40 to 50, unless early news ran it to $1.
Competitor to CABN, news update:
http://www.carbonrecycling.is/index.php?option=com_content&view=article&id=6&Itemid=19&lang=en
http://www.carbonrecycling.is/index.php?option=com_content&view=article&id=14&Itemid=8&lang=en
They should have, or should be firing up the commercial plant based on the last news.
That should be an easy target to reach! I agree.
We have broken out, up over $8 now. A very good bullish sign!
What is a "stop loss" ???
LOL
Only stop loss I know of in penny land is stop to buying shares, LOL.
More good news for NG and LNG!!!
http://news.ino.com/headlines/?newsid=6897973857369711
(AP:LAKE CHARLES, La.) Cheniere Energy Partners LP plans to spend at least $6 billion to modify its liquefied natural gas terminal in southwestern Louisiana to export natural gas.
Houston-based Cheniere announced the project in May and unveiled additional details Tuesday. The company said the project would create 148 new jobs, retain 77 current jobs and provide 3,000 peak construction jobs.
Gov. Bobby Jindal, during a news conference in Lake Charles, said the state is providing an economic package including industrial tax exemptions and a program that provides rebates for companies creating high-paying jobs.
Cheniere plans to begin construction next year and hopes to be exporting natural gas in 2015.
The terminal in Cameron Parish was originally built to import LNG when natural gas supplies were much lower. The appeal of exporting gas has come with vastly larger supplies due to shale gas development and lower domestic prices for the commodity.
The U.S. Energy Department cleared the way for the project on May 20.
Cheniere said it will be allowed to export up to 803 billion cubic feet of gas a year from the terminal. The gas will be carried on tankers after being chilled to super-low temperatures to become liquefied natural gas for transit.
The terminal went into service in 2008 and has been handling imports of gas. Cheniere said the expansion project will enable the terminal to export and import gas.
Yes they are indeed. They never let me have the .05s, but I did get some sixes thanks to that seller.
MM(s) is(are) playing their games here for now. Bypassing higher bids to fill their own orders at lower prices.
They have passed me over several times now. I don't have enough cash handy to buy 5000 shares at .15, so my bid is not showing, but it is there and they passed it up.
If I had the spare cash today, I would have already grabbed all .20 shares.
Just raise your offer to 20 cents, and buy all you want!
Interesting bit of news here. See the end of the article about new state law to permit electric charging stations at retail locations for E-cars.
http://www.cngnow.com/EN-US/NewsAndEvents/Pages/State-Goes-for-Green-Will-Convert-Fleet-to-Natural-Gas-Propane.aspx
I think the fair value is closer to 50 cents right now, and about $5 after the Lafarge Pilot plant is running.
News, good news:
China Bak Battery, Inc. (MM) (NASDAQ:CBAK)
Intraday Stock Chart
Today : Tuesday 19 July 2011
Click Here for more China Bak Battery, Inc. (MM) Charts.
China BAK Battery, Inc. ("China BAK" or the "Company") (NASDAQ: CBAK), a leading global manufacturer of lithium-based battery cells, today announced that the Company will hold an investor event on September 13, 2011 at the Company's headquarters in Shenzhen, China. China BAK will also arrange for a facility tour and investor meetings on September 16 and September 19, 2011 at the Company's Tianjin facility. Throughout the event, senior management will be available to discuss China BAK's business and growth strategy.
China BAK's management team will present the Company's business operations, turnaround strategy, and key milestones. The investor event will include:
* Site visits to the Company's facilities in Shenzhen and Tianjin
* Investor presentation by China BAK's senior management
* A review of China BAK's financial performance, turnaround strategy and business operations
* China BAK's outlook for 2011 and beyond
A more detailed agenda will be provided closer to the event. For more information or to RSVP for this event, please contact Roger Ellis at +1 310-954-1332 or via email at roger.ellis@ccgir.com.
About China BAK Battery, Inc.
China BAK Battery, Inc. (NASDAQ: CBAK) is a leading global manufacturer of lithium-based battery cells. The Company produces battery cells that are the principal component of rechargeable batteries commonly used in cellular phones, smartphones, notebook computers, e-bikes, electric vehicles, power tools, uninterruptible power supplies, and portable consumer electronics such as portable media players, portable gaming devices, personal digital assistants, or PDAs, camcorders, digital cameras, and Bluetooth headsets. China BAK Battery, Inc.'s production facilities, located in Shenzhen and Tianjin, PRC, cover over three million square feet. For more information regarding China BAK Battery, Inc., please visit http://www.bak.com.cn.
SOURCE China BAK Battery, Inc.
That must be why it traded a whopping $60 worth of shares at .04, tripped a massive sell off of stop loss orders of $0.00, and then rallied back to .07/share on even more massive volume (100 shares?)
NEWS!!!!!!
Turbine Truck Engines, Inc. (TTE) (OTCBB: TTEG), is pleased to announce that our company has become the Exclusive Agent in North America for the Hydrogen Energy Production System (HEPS), an efficient methanol to hydrogen production technology of Hydrogen Union Energy Co., Ltd. Taiwan (HUE).
The HEPS is a low-pressure production system which enables users to produce hydrogen on site, thus eliminating storage safety issues normally associated with hydrogen power applications. The applications for the HEPS technology include but are not limited to, home heating and cooking, outdoor heating, incinerators, boilers, industrial furnaces, and turbine applications.
The HEPS reduces fuel costs and is environment friendly. Early tests of the system showed a 47% fuel cost reduction when compared to diesel and a 57% reduction when compared to liquid propane. Since the hydrogen is produced on-site, transportation costs are virtually eliminated. This System, a green technology, also contributes greatly to preserving our environment due to the fact that the emissions from hydrogen are safer than those of diesel, propane or other fuels. It will help to reduce the carbon footprints that industry leaves on the earth.
TTE filed an 8K detailing the agreement on June 20th, 2011. TTE previously had a similar agreement with Falcon Power Co. Ltd. This agreement was terminated by mutual consent as HUE now has the exclusive rights to manufacture, market, and distribute the HEPS technology.
Michael Rouse, TTE President and CEO, stated, "We are very excited about our rapidly developing relationship with HUE, and I believe that their technology will play an important role in reshaping the way the world produces power."
To have our press releases sent direct to your E-Mail, sign up here: http://visitor.constantcontact.com/manage/optin/ea?v=001S2avIeJoU098Rte_yrTS6A%3D%3D
(If you cannot follow this link, copy and paste to your web browser's address bar)
About Hydrogen Union Energy Co., Ltd.
The company is devoted in the development of a new energy source and energy saving alternatives. Our motto is: "To protect the earth and provide total solutions to companies that need to reduce carbon emission." We emphasize Hydrogen as the fuel source to replace heavy oil, and gas in boilers. The HEPS technology, initially intended for industrial usage, will eventually broaden to small businesses and homes. We look forward to implementing this technology as a possible replacement option for nuclear and pyro power plants. HUE is a division of Energy Technology Services Co., Ltd. Taiwan. (http://www.energyservice.com.tw/)
About Turbine Truck Engines, Inc.
Turbine Truck Engines, Inc. is a technology company focused on the development, manufacture, and testing of its new energy efficient and environmentally friendly engine which will be distributed in the United States and abroad. Intended for use in the transportation and power generation sectors, the engine can utilize any fuel that can be gasified (gasoline, diesel, propane, natural gas, hydrogen, methanol, ethanol or LPG) or fuel mixture, yet needs little or no coolant, lube oil, filters, or pumps. Its unique, lightweight turbine design has few moving parts, significantly reducing maintenance costs. The innovative cyclic detonation process produces a near-complete combustion of fuel-oxidizer mixtures, resulting in greater fuel economy and fewer harmful exhaust emissions. For more information concerning Turbine Truck Engines, Inc., visit www.ttengines.com.
This could help and hurt us at the same time. Will force them to look for better more cost effective alternatives, good for us, but also indicates that the current political will to address the problem is waning (not good).
Who resigned? One of the founding directors was an Ex EPA regional director.
It just happens that on every board there's always a black sheep who tries to
Heads up folks, AEXP is selling at a premium to MNLU today at .088, and hit a high of .12 today!!! That is equal to .48/share for MNLU!!! And it has volume with it!!! Nearly 100000 shares already!
All on a nasty market wide sell off day!!!
Heads up folks, AEXP is selling at a premium to MNLU today at .088, and hit a high of .12 today!!! That is equal to .48/share for MNLU!!! And it has volume with it!!! Nearly 100000 shares already!
All on a nasty market wide sell off day!!!
* AEP cites weak economy, lack of U.S. carbon plan
* DOE picked AEP for up to $334 million in CCS funding
(Changes dateline, previous NEW YORK, adds comment from
analyst, Energy Dept)
By Timothy Gardner and Ayesha Rascoe
WASHINGTON, July 14 (Reuters) - American Electric Power Co
Inc (AEP
AEP AMERICAN ELECTRIC POWER COMPANY, INC. 37.1100
Change -0.3700 (-0.99%) AS OF 1:59 PM ET 07/18/11.
Chart for AEP Research
) on Thursday shelved plans to capture heat-trapping
carbon dioxide emissions from a coal-burning power plant in
West Virginia, citing the U.S. government's failure to put a
price on the emissions.
The move by Ohio-based AEP is a blow to U.S. efforts to
rein in carbon dioxide emissions from coal plants using carbon
capture and sequestration, or CCS, which experts see as the
most viable way of limiting emissions from existing plants.
AEP's exit illustrates the quandary of big investor-owned
utilities, which are reluctant to proceed with massive
pollution-reduction investments without clear rules of the road
to ensure that they will be able to recoup their costs.
Experts had expected the costly technology would be
supported by putting a price on carbon emissions: Coal plants
could get credit for each tonne of the gas they permanently
trapped underground. But the Senate last year failed to pass a
bill that would have slapped first-ever limits on utility
carbon emissions.
AEP, one of the biggest U.S. CO2 emitters, cited the
congressional inaction and weak economy in its decision to
table the $668 million project to build an industrial-scale
carbon capture facility at its 31-year-old Mountaineer coal
plant in West Virginia.
"We are placing the project on hold until economic and
policy conditions create a viable path forward," Michael
Morris, AEP chairman and chief executive, said in a statement.
AEP's system was designed to capture at least 90 percent of
the carbon dioxide from 235 megawatts of the 1,300-MW plant.
The CO2, about 1.5 million tonnes per year, would be
compressed and then injected into rock formations for storage
about 1.5 miles (2.4 km) below the surface.
The Ohio-based utility embarked on the CCS project at
Mountaineer with a pledge from the U.S. Department of Energy in
2009 to cover half the cost. AEP proceeded on the assumption
that the U.S. Congress would soon enact first-ever limits on
CO2 emissions, AEP spokesman Pat Hemlepp said.
AEP's shelving of the pioneer project may make it hard for
the administration of President Barack Obama to achieve its
goal of incentivizing five to 10 new CCS projects by 2016.
The administration may have to find other ways of cutting
U.S. emissions about 17 percent below 2005 levels by 2020 as
the president has promised. Coal-burning power plants account
for about a third of U.S. carbon dioxide emissions -- the
single biggest source.
NOT ANYWHERE CLOSE
CCS for coal is only economic where carbon prices are $70 a
tonne and natural gas prices are $15 per million British
thermal units, said Michael Blaha, a power analyst in Houston
with Wood Mackenzie, an energy research and consulting firm.
Current natural gas prices near $4 per per million
British thermal units -- driven in part by a bounty of
unconventional domestic supply extracted from shale formations
-- has turned the economics of building new power plants on
their head.
Building new nuclear plants and some types of wind power is
cheaper than building a new CCS plant, Blaha said.
The hope was that federal incentives would drive CCS
prices down, but AEP's move makes future trends uncertain.
"It is unlikely that large-scale implementation of CCS will
take place in the absence of some sort of regulatory structure
that requires it and allows companies that put projects in
place to recover the costs," said Franklin Orr, director of
Precourt Institute for Energy at Stanford University.
AEP and partner French multinational Alstom embarked on the CCS project at Mountaineer with the pledge from
the DOE in 2009 to cover half the cost.
Other federally subsidized CCS projects are proceeding,
including Southern Co's (SO
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) 582-megawatt gasified coal plant
in Mississippi, which will capture 65 percent of CO2
emissions.
DOE STILL COMMITTED
Even with the difficult economics, the Energy Department is
"committed to working with industry partners to develop
innovative and cost-competitive technologies that can be
deployed on commercial scale," it said in a release.
Under the terms of department's agreement with AEP, the
company received money when it reached certain milestones.
Prior to AEP's announcement, the department had provided the
utility with just $11.5 million of the $334 million.
AEP stock eased 21 cents or about 0.6 percent at Thursday
afternoon, while the S&P Utilities index remained
unchanged.
(Reporting by Scott DiSavino in New York and Timothy
Gardner and Ayesha Rascoe in Washington; Editing by Dale
Hudson, Chris Baltimore and Lisa Shumaker)
If MNLU was going to dilute, they would have done it in Feb when the stock was over $1/share, not now. Also they will not dilute while the merger is pending, creates too many problems for the merger!!!