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Where did you here this?
"now..the ground is still not good enough for boots even if they did get funding.. "
I heard other wise from Gerry about 3-4 weeks ago.
That pdf file showed that they have about 6000 investors already. Surely some of them are going to buy into the offer. I will be adding at retail as I am convinced this is a bottom happening right here.
If every investor bought $1670 in new shares at .15 they would have their $10 million.
Oh, and by the way, how many times have you seen an offer like this offered to the retail, existing investors, before it was a done deal? Tells me they care about the existing investors enough to let us know the offer is on the table, even if it is a private offering.
Web site is working fine. Gmail is free, with a huge MB capacity. I don't see an issue. I use multiple email addresses, including gmail for work all the time.
http://www.corporationwiki.com/Texas/Amarillo/steven-e-looper/35214267.aspx
http://www.corporationwiki.com/Florida/Tampa/questus-capital-llc-2793808.aspx
http://www.corporationwiki.com/Nevada/Reno/brian-wilmot/30599865.aspx
http://www.corporationwiki.com/Nevada/Reno/eagle-oil-holding-company-inc/62920598.aspx
http://www.egvr.com/
http://www.corporationwiki.com/Texas/Texas-City/eagle-environmental-technologies-ltd/30033897.aspx
One more thought. If I had $1,000,000 to invest in MNLU, I would not invest it at retail. The 90 day average volume is 156,000 shares per day at .30 per share, 90 day average. Chances of buying $1,000,000.00 of shares at retail for .15 are slim to none, with the time line to well completion and cash flow involved!!!
At that rate, it would take 47 days for me to by every share sold at 156,000 shares per day, to buy 6.66 million shares at retail, at the average price. 4 months ago the 90 day average was 60 cents a share. So buyers that want any quantity of ultra cheap discounted shares will buy the offer. They will not try to buy retail at .15 in any volume, as that kind of volume would run the price back up to $1/share very quickly.
Once they buy all those cheap shares, they will not be able to sell for what looks like at least 4 months, so they will then buy retail shares and boost the price back to .40 (to protect their investment), and by the time they are ready to sell (if any sell) the well will be producing cash flow, fluff PRs will abound, JV's will be debated, and the stock will hold steady, unless one of them dumps a lot of shares at that point.
A CSGH merger with ABAT would be great!!!!
Very interesting that AEXP spread is ultra low on large volume today!!!
Spread is .002 between ask and bid, with bid at .048 and ask at .05 (equal to .20 for MNLU!!!!).
Could some people want AEXP over MNLU, on the chance AEXP may hold out for a better share swap rate, like 2:1 instead of 4:1
???
Good news on the warrants, is that they have a very short life!!! The first .40 warrants only have an 8 month window, at best, to be exercised before they are worthless, and no longer warrants. And if they are exercised they would add cash to the MNLU account for drilling more wells. Dilution at 3 times today's price!!! The 50 cent warrants also go poof into thin air, worthless in 24 months, so the (40 to 50 cent) cap on future stock price potential is very limited in time.
Flood water was spring this year. Yes, it was Gerry...., and Mike told someone yesterday the same thing, that they still hope to frack, complete, and connect the well this year, and have cash flow starting by year end, that confirms what Gerry told me about 2 weeks ago.
Someone asked me about the Warrants this morning. The new shares and warrants will have a 4 month trade restriction, un-tradeable for at least 4 months after issue. That is if the SEC registration is completed in time, otherwise they are trapped for longer. The Warrants can not even be exercised for at least 4 months, and will require registration before they can even be exercised, and once exercised will also have another 4 month trade delay before they can be sold.
I know many people have huge fears of dilution, but we all knew they needed cash, so no surprise there. If they borrowed the cash, it would have been secured, and might have crimped future plans and limited future operational and JV strategies. If they borrowed the cash, it would need to be paid back. By selling stock, they are eliminating the debt, not exchanging debt for debt, and adding more debt. My only regret is management failed to do this at $1/share!!!! They should get their asses kicked for that mistake. Which may be why we are seeing a second director head for the exit. Gerry replaced the first director that exited about 5 months ago.
But think about it, this is about a 40% stock dilution, to eliminate the debt, and add cash needed to completed the well, that will lead to cash flow before year end by completing the well and the connection to the pipeline. Nothing else has changed, but once the well is flowing Guggenheim becomes a buddy with lots of cash!!!!!! And Japan is now hunting for NG deals before China buys them all!!!!
So just reduce the recent stock high price for an early rally target (and you get a little over the 50 cent warrant target), for an easy 3 bagger from here by year end?
Also keep in mind accredited investors will also be looking to sell the .15 shares for at least .50/share!
I got the files, and it looks real, so far, still reading and looking it all over. Not clear yet if this offer is official yet, or a draft, or a done deal!!!!!
In this case the warrants will only go to those buying the new shares. Existing shareholders will not get warrants, and can not buy unless they are accredited (super rich) investors). There may also be a minimum subscription amount ($50,000 minimum is typical of such offers).
This is not a registered public offering. In order to buy any of the offering, you must be an accredited investor (per this and that legal definition), meaning you need very DEEEEP pockets, , like $5 million dollar net worth in one case according to the text. The shares will not be immediately registered or tradeable, but there is a provision that calls for the shares to be registered (no mention of registering the warrants for resale that I see yet).
If you want a copy email me at the prior email I listed.
So far I do not see any reason why todays low price might not be the real, final bottom. So if you want cheap shares, and you are not super rich and already signed onto this deal (we do not know if it is already a done deal, or all subscribed to already), you better be buying the lows here, today!!!!
Send it to: ecomikex at gmail.com
Who did you get it from?
I still see nothing about this purported private offering at .15, for 66 million shares that someone posted last night. Can someone email me the document they claim to have from MNLU?
All I see is this, this morning:
Or AEXP stock holders will vote "no merger" because of dilution and start collecting cash from the 8% of the well they own when it goes online at year end. That would pay the bills at AEXP and give them a fresh start to bargain with. That may explain why AEXP shares have been at a premium to MNLU the last 4-6 weeks!
The merger still requires stock holder approval on both sides!
Warrants can only be sold if they are registered with the SEC first!!!! They are not always registered. If and when they are exercised, the cash goes to MNLU, adding to stock holders equity, but outstanding warrants of any significant volume can act as a cap on the stock price, until they expire. I emailed Mike yesterday evening, and I have not received any reply. Where are these documents you all have been discussing? I have seen nothing of them yet? Nothing official either?
All I see so far is very questionable posts with no back up? Where is the BEEF?
Swapping out all the AEXP for MNLU may have been a mistake. I am surprised no one is discussing the effect this may have on the merger? Will AEXP shareholders balk at the dilution and vote no on the merger?
If we all lose all our money on MNLU, let's just blame it on the PIG!
Oh, by the way, I just bought more shares.
OK, I moved my bid up to .0061
Come on pig, short this thing down to .10 today! You know you want to!!!!
Do it while I have some extra cash to add to my share count!!!
Go ANX!!!! Squeeze those nasty shorts!!!!
Time for shorts to panic and cover! Already up 18%%%% GO ANX!!!!
News:
TTEG has done a real nice upgrade to what is on their web site since I last looked at it:
http://www.ttengines.com/home2.html
Come on, someone needs to panic sell so I can buy more cheap shares here, at say .005 here....while I have the cash!
LOL
Up 12% already on today's news, hmm, could we be headed for a short squeeze of significant size today?
GeoP, thanks for the back ground update, back up on those topics, great post! Even the PV=znRT!!!!! I know it well!! LOL
News:
News:
More news!
Well the deal is this. They need short term financing, and long term expansion financing. They could conceivably sell an asset right now, as there are no secured debt instruments tying up assets, that I know of. What asset, or % of an asset, I do not know. They have more than one asset. They could do a mixture of things. They could JV the completion of just this well for cash.
I think part of the delay may be that they have too many options (versus too few, which is what the market price is saying(1)), and they are negotiating with various parties for the best deals, playing one off against the other?
But the low market price is also in part due to the recent market wide sell off, so it is not just MNLU. Hell AA pays a dividend and I lost $7 out of $18 on the price of those shares the last 6-7 weeks at the recent low!
I do not think that is the entire story now. I think people are putting a higher value on AEXP than MNLU right now, which is a change, flip flop, in the trading patterns. Simply put, MNLU has a lot more debt that AEXP right now, and some are selling into fear that MNLU might fail to raise the needed cash, no matter how far fetched that idea is. It goes like this. IF, and I mean IF (I do not really think it is possible here), MNLU failed to raise the cash, AEXP still has leases and 8% of the well, and Guggenheim has cash and owns 12%? (IIRC?) of the well. Assume MNLU closed the doors, or sold off the well to pay debts, or whatever, AEXP is still left with a lot of leases and very little debt.
The entire idea is silly, I know, as we know MNLU would never let it get that far, but some people must be seeing less risk today in AEXP on that basis, the last 2-3 weeks in fact, as AEXP use to allows be cheaper than MNLU on the 4:1 stock swap merger deal, now it is the reverse.
Most of us here are not day traders, but long term investors, at least as far as this stock is concerned. Many of us have been here a long time, and we have years of history with this little company, and good reason to keep the faith with this little gem. So when a day trader runs in and screams fire, we tend him hose him down.
I had good reason to suspect this stock was a scam 3 years ago when I first found it, and I posted my concerns then too, but every time I dug deeper and deeper, the more impressed I got with what was and is now under the hood.
If you want to day trade, this stock is nearly useless for about 11 months out of the year, so far at least. But IMHO if we ignore the Lafarge pilot plant start up delays, this company is worth far more today, than it was 3 years ago, and the stock OS is still very small. Larry, the CEO of MVTG has worked very hard, using his own blood, sweat and cash along with investors to keep the core technology under our control, and to keep the OS count low, and not to sell off the core technology for chump change, like 3M tried to convince them to do a little over 2 years ago.
If you look at the history (like the SEC letter filed by 3M's VP of Technology about 3 years ago, filed with the SEC announcing their JV development intentions), you will see that big money knows MVTG has the real McCoy. But when you are little, and have very little cash, you need to take small, carefully measured steps less you get stomped on by the elephants in the room.
And that takes more time, than a company flush with cash to throw around takes. I invested in other start ups that were flush with plenty of cash, and got burned as the staff lined their pockets with the cash and failed to pay enough attention to details. Larry is paying very close attention to the details on this one, and this is a real technology opportunity!!!! It is not a typical penny scam operation with no real technology, or no real substance behind it, but it is instead a real honest effort to make a cutting edge new technology start up with a future.
One thing I am grateful for is Larry's tenacity!!! Some have been here longer than I have, since the stock traded around .30, and I must admit feeling a bit of pain myself when the stock looked like it was getting hammered at .04 recently with no news, so I can just imagine how they felt.
But every time I re-examine why I invested here, and what if anything has changed, I decide to stock (LOL, Stick) it out and hang tough with this one. There are others I given up on, but not this one.
Some one just paid a .292 cent price for MNLU shares by buying AEXP at .073!!!!!
Real interesting how AEXP amd MNLU price have been flip flopped for about 2 weeks now, compared to the last year!
Time for some one who shall remain nameless (LOL) to dump a few million more shares on us at the close?
"is there anybody, anyway to trust any stock in the friggen world or what? "
That is the real question, as I see no reason to trust the short writer either. In fact his point that the SAIC document can be faked, makes me wonder about the authenticity of any of the short writers posted SAIC documents!!!! In other words, I think he shot himself in the foot shorting Harbin, and admitting it, while trying to post versions of SAIC reports, and asking which one is the fake? How do we know he did not fake them?
We are all frustrated, but some things take more time than others, and the Lafarge MVTG pilot plant is one of those. Most people do not realize how much design work (and time) goes into designing a pilot chemical plant. While the MVTG reactor design itself is complete and has been tested, and the reactor capacity can be scaled up by adding duplicate modules in parallel, the infrastructure design at Lafarge to capture, purify and feed CO2 at LaFarge to the MVTG reactor, pilot plant utility supply design, etc., is/was not ready.
The first pilot plant always seems to take forever (I am speaking from experience). This one is, will be no exception. In this case they also had to deal with funding the pilot plant costs and day to day expenses, and the design work for the support systems (CO2 capture....) which also creates a chicken or egg syndrome issue as well.
So it really seems like it IS taking forever. But Rome was not built in day. While I might wish Larry passed out more frequent PR updates, there is little we can do about it, but wait, and in the past most of the fluff PRs, have had little effect on the stock price or volume.
So, in the current case I think you have it backwards, the last 4 months or so they have been "no talk", and all action (but it has been behind the scenes action), versus "all talk and no action".
But until we have a PR, or PR's from MVTG directly all we can do is wait, or pack our bags and move on.
I choose to wait!
Sorry to hear that. Some things are just taking longer to do than we all expected. This never really was one for day trading or short term gains. It has always been a long term play. Nothing other than the wait time has changed here. The low volume is because most people that buy this one never sell. That also makes for huge spread in a news vacuum.
But if you have not sold yet, I would suggest waiting just a little longer.
Not too many wells around at 22,000 feet to compare this one to that I know of?