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The CABN reactor would be dry, sealed. If the NG from the well is clean, the product will be very clean. If the NG is dirty, they will clean the gas up to a spec first, or use other sources, other wells. HS, sulfur gasses are easy to remove, and recycle into sulfur products. Did I answer your question?
Greener,
In all fairness, you may be missing a valid point of his. You both sound a little frustrated. I think we all are. In his case, he wants that big PR that says Lafarge construction is underway and funded (and frankly so do I), so that others will come back and buy and rally the stock price up, so that he can either sell, or at least feel comfortable holding a while longer, or maybe some of both. He may not be able to afford to wait much longer? Not everyone can afford to be as patient as several of us are.
Calling Kol or Larry will not solve his problem (or wish list) of getting new blood in here NOW to get the stock price moving back up, which is what he wants and needs. What he needs or wants is the PR that says Lafarge is funded and underway.
I suspect (think) he has already talked to them. If he has not done so recently, he needs to call Larry and complain directly to him, IMHO.
That said, my compliments on your recent posts and thoughts here.
I don't own any DUNE, but if I did, I would sell at .30 to .50 tomorrow if I could get it. Might even sell at .20, but it depends on how fast, nasty, and long the selling is and gets. I would probably not sell for less than .20
If it gets down to .10 or lower tomorrow, I would buy at the close if the volume and selling is huge all day, and if it bottoms at or under .10/share, then look for a huge bounce to sell into the next day, and wait for a slow painfull week or month long drop back to the closing low of tomorrow, for retest of the low, or new lows. That would be typical if there is no more news this week.
I was alluding to half time shows at a foot ball game. The flooding in Miss, as the half time show for MNLU. No nothing is wrong with MNLU, except the share price is way too low. The MNLU well is well beyond commercial viability.
Interesting, I missed that they had finally had a net profitable quarter. I may still wait for lower prices on this one to add to what I still have. Low volume is an easy target for MMs to take it lower.
"Well between DUNR & MNLU I am zero for two."
I beg to differ, MNLU has not even entered the second half, or even the second quarter of the game IMHO. And they have very little debt, especially compared to DUNR.
If you people would learn basic charts, and indicators like the MACD, you would have seen a huge divergence showing the MACD making lower highs, while the price made higher highs, and the MACD made lower lows, while the price made higher lows, all sure fire indicators of smart money distributing to dumb money, all the last 3-4 month long term view.
And if you look at the MACD and price plots on MNLU, you will see the opposite, the MACD has been rising for 2-3 months on MNLU as the price dropped, showing a divergence, which implies that smart money was buying, accumulating, MNLU as it got cheaper, and selling DUNR the last 4-6 weeks.
READ MY LIPS!! (or my posts). I sold out last year at over $14/share, never looked back (OK yes, I have checked on it periodically), till now. Now I am watching for a bottom, when trading resumes, to buy back in. I own ZERO shares!
I hope to buy in at .25 this year, and hold for 1-2 years for at least $5 before I consider selling all or some.
Good point, that it may be part of the reason for the slowdown in fracking in Texas. Typically when you blend a drilling mud, or fracking fluid, or just soap and water to wash your car you want the cleanest, soft water you can find. Non potable water could have all sorts of issues, like radon, or heavy metals, or PCBs (think superfund contaminated), or bacteria, fecal coliform....and so on. Cleaning it up to make potable water would be needed, and that would create another waste water stream, needing discharge permits.......and so on. Contaminates could cause problems with the well, the fracking, well logging (I think?). The other problem is that not all non potable water is the same, there is no spec, or limits on contaminates. So each new water source would be one huge expensive experiment in the eyes of nervous engineers!!
Non-potable water is like a box-a-chocolates, you never know what your gonna get!
If you include the corporate overhead, that one plant is not profitable (enough). They have way too much corporate overhead. They need sales of 10 times what they have from that one plant, to even come close to break even, maybe even 20 times. Terra has had no new sales in a year now, so the book value they show from the purchase of Terra (most of the listed stock holders equity) is also worthless. Who wants a company that can NOT sell anything in 12 months (Terra). This company will be taken over in BK IMHO by next year if not sooner, unless they dump the corporate staff and the cash burn burden they carry, but that will cost over million dollars thanks to the last minute executive officer, poison pill the CEO rammed through about 8 weeks ago. Now we need $1 million dollars severance pay, just to fire him and his brother and Terra (bruce...) buddy.
They have failed at all (4) the chances they had to salvage this company from failure. It is too far gone non. No one will risk the huge capital required to cut a deal with COIN now for a Terra deal (would trust a million dollars up front to COIN to buy into the scheme right now, hand a BK company $1,000,000 for something no one else is buying?), as they are already insolvent, now for the third time in less than 3 years. No one will fund their projects now, or lend them money now. Even convertible shares or convertible debt is now worthless. The last lone sharks and the CEO have seen to that with this 95% sell off, and I do not think the massive share dump of convertibles has even started yet!!! (OUCH). 3 months ago, I had hoped the insiders and loan sharks might have sense enough to keep the shares at $1, and keep it on NASDAQ long enough for Terra to get something going, but allas it is obvious the insiders and institutions have selling as fast as they can.
.001 /share by year end is my current gut feel for this POS. And since I was the lone standing BULL here the last 12 months, if I am saying .001 by year end now, YOU CAN REST ASSURED this one is cooked, finished, dead, a dead man walking class stock. To give you an idea how bad COIN is now, I just bought shares in a China R/M that just volunteered to be listed from NASDAQ after trading was halted for 2 months, one that does not even have an MM bid/ask prices yet and is on the pink sheets with a yield symbol and I bought it today at .40/share (PE is 1 on it). I am that kind of ultra risk taker on a bottom fishing for ultra cheap stocks, and I tell you today I will not spend even 0.001/share for COIN right now, because I see it going to ZERO next!! I am done holding this bag!!!
The CEO admitted in the last CC when he was asked, said that the farm they said they were buying 14 months ago, never happened because they could not secure financing! It was a profitable farm using COIN products! That was 14 months ago, now they finally tell us it is never happened? What else are they hiding?
Very sad.
With proper management, this could have been a beast of a company! If any one gets a tar and feather party together as a going away party for the CEO, let me know, I will supply the feathers!
Rant NOT over...stay tuned, LOL.
Trading water for oil and gas in Texas? Are we back to the food or fuel problem? I am glad the MNLU find is near plenty of cheap flood water, LOL!
http://theenergycollective.com/jcwinnie/60599/t-boone-terrorism
Nice closing rally, up almost 9% today, closing at the days high too. Nice, especially after R/S. I guess this is going to be one that does not sell off due to a R/S!!!!
Eco is still long here!
This is a good description of what has happened to ABAT (and similar stocks) and why.
Shenzhen, China , June 23, 2011
China Ritar Power Corp. (the “Company”), today announced its intent to voluntarily delist the Company’s common stock from the NasdaqGlobal Stock Market (“Nasdaq”). The Board determined that maintaining the listing has imposed difficult burdens and high costs on the Company. The Company has immediately proceeded with delisting by providing a written notice to Nasdaq on June 23, 2011 of its intention to delist and will file a Form 25 with the Securities Exchange Commission on or around July 5, 2011. The Company expects the delisting from Nasdaq to become effective July 15, 2011, ten days after filing its Form 25.
Upon delisting from the Nasdaq, the Company expects that trading of the Company’s common shares by shareholders may be effected through quotations on the Pink OTC Market (a centralized quotation service that collects and publishes market maker quotes for securities). This will require at least one market maker to quote the Company’s common shares on the Pink OTC Market after the market maker complies with Pink OTC Market rules. There is no assurance that a market maker will comply with those rules. The Company will remain subject to the periodic reporting requirements of the Securities Exchange Act of 1934, as amended.
The Company has previously reported its receipt of notices from Nasdaq indicating that the Company is not in compliance with Nasdaq listing requirements contained in Marketplace Rule 5250(c)(1), which requires timely filing of SEC periodic reports due to the failure to timely file its annual report on Form 10-K for the fiscal year ended December 31, 2010 and its quarterly report on Form 10-Q for the three months ending March 31, 2011.
About China Ritar
China Ritar designs, develops, manufactures and markets environmentally friendly lead acid batteries with a wide range of capacities and applications, including telecommunications, Uninterrupted Power Source (UPS) devices, Light Electrical Vehicles (LEV), and alternative energy production (solar and wind power). China Ritar sells, markets and services six series and 197 models of Ritar-branded, cadmium-free valve-regulated lead-acid (VRLA) batteries. Products are sold worldwide with sales in 81 countries including China, India, and numerous markets in Europe and the Americas. Additional information can be found at the Company’s website
CRTP website .
No MM's yet, trading blind on a 2+ day chart in pinks, no bid or ask available (no MM's yet), but this stock is trading again on the pinks, with a PE of less than 1, right now about .5 I think. I just bought my first batch of shares at .40, looking to add, especially if it goes any lower. Market cap at this price is something absurd like 1/20th of annual sales!
Ecomike just went long here!!
It could spike to $2 very quickly, anytime if one of the big boys decides to put the screws to the shorts. As you noted, the charts say the shorts are in trouble already. Perhaps an MM will take note and drive it north soon. Or they will just wait for PRs to do it.
Looks like stock dilution (which could affect dividend, but it is a marger, so depends on what they are buying?):
Which chart do want there? And thanks for the charts! I added the sticky you asked for!
Extinctionpop,
I have asked Admin to restore them, but I can not assure that they will. Posts like those two need to have some early text saying why they are relevant to this board, or they become easy delete targets for Ihub admin staff, simply for seeming to be off topic (because there was no mention of ABAT in you post). Also it is a violation of Ihub policy to discuss reasons for deleted posts, or deleted posts.
In the future, if you will make an early statement as to why the link, article, etc is relevant to this stock, it should be safe from the off topic deletion. You might also check your menu under settings for YOUR deleted posts, and cut and paste the relevant parts and repost those parts, and explain why they are relevant to ABAT board readers (be sure to have ABAT text in the post!!!).
I had a shop right next door to Chemical Research in the early 1980s when they were just a tiny R&D blip. They came up with the process (catalyst) to make MTBE, which EPA mandated the use of in the late 80s (IIRC), and they were the only game in town, so the big boys licensed and used the stuff (which put Chemical Research on the map), until EPA discovered that it was worse than the prior oxygenated fuel additives, as it contaminated ground water a 1000 times faster, due to its high water solubility and the EPA outlawed in the late 90s (IIRC).
What I do not know, is how profitable the license was, or was not?
I have been expecting this news today, due to the debt ceiling-budget battle that is underway in Washington:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64878754
IIRC the last 10-Q/8-K showed a .030/share profit, and the stock is selling for less than cash in the bank today, cash from the US Gov grant and the Nordic settlement (totaling about $750,000.00 IIRC). I think this is a screaming buy right now under .01/share. I think the coming R/S price drop over R/S fear is already priced in now since the price is now at about 6% of the 52 week high.
I find this new CFO's credentials quite impressive! Most Impressive! He is also a director now.
R/S completed today. Trading as CRBCD now for 20 days, up over 5% this morning.
I don't think the market understands how significant this news is!!!!
Here is some that we should keep an eye on, and that needs further DD with regards to CABN.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64866140
That rising MACD divergence while the stock price kept falling for so long tells the whole story. Big MOMO coming now!
Natural gas news:
They also timed it to coincide with the annual 8-K audits which are always late as the 10-Qs are not audited.
You are welcome!
There was just some chatter here about letting a trade turn into a bad long investment, or something like that.
I have a philosophy I would like to share based on that comment. (it started out as something about investing etiquette...etc?)
I only buy stocks in companies that I am willing to and able to hang onto through thick and thin (I do not sell just because it dropped 90%). I treat my purchases as a trade, but I do not use stop losses, especially in pinky land. If the stock drops like a rock, I look for a bottom and buy more, if my DD is unchanged. I only bail out of a stock if it becomes obvious that it has no hope, no future, or things get so bad, it becomes obvious it can not survive. I recently, finally, gave up any hope of COIN avoiding disappearing into a court Chapter 11 eventually. When the CEO runs out of retail investors willing to buy endless dilution (and I think COIN's already has), or worse it becomes obvious the CEO is incompetent (and it is now obvious COIN's is), then it is time to sell. They had a great business plan, money, and the CEO ran it into the ground.
I like to buy falling knives, that are way oversold, that still have solid value, and look like they will survive. But I do not try to pick exact tops or bottoms. Lastly, I have learned, finally, when to sell and take profits which has been my biggest problem so far, liking a winner too much, and having trouble taking profits (also called getting too greedy).
There are many different styles, and this is currently mine.
The most important lesson I have learned since the 1980s, is to diversify, and always have plenty of cash ready for a flash crash!
I disagree. While I said in my earlier post, it may take a lot longer for the reports to be completed and filed than most here hope for, and thus the stock might go lower during the wait, CGYV rallied hard and fast once the news PR machine started cranking out the Deloitte 8-Ks and 10-Qs, and as people realized nothing had really changed the stock moved way back up, very fast on low/medium volume from .25 low (IIRC) to about $1.40 peak, and that one still on going losses, but growing revenue and smaller, steadily decreasing losses.
CGYV started their auditor change, clean up about 18 months ago, when they switched to Deloitte... as their new auditor. They may have been one of the first to make the change. The new auditor insisted on redoing the prior 2 years plus the current year (Investors bailed on that great news). When all three years were finally completed, it had took about 14 months or more for Deloitte to complete the 3 years audit. When it was all said and done, the numbers moved some from year to year, but the final net financial picture barely changed, just piddling little details got moved around by pencil pushers, like derivative gains and losses on outstanding warrants based on US GAAP standards. Only thing that really changed was the stock price dropped 90% during the 14 month carnage, and rallied 500% when the reports were finally finished, and nothing was wrong after all!
I think they were one of the first that got dragged into the carnage process of differences in US and China accounting processes. I think most of the China stocks are NOT scams, but are getting dragged into a hair cutting process, driven by fear, and shorts that can smell the fear, and changing and evolving dual US/China accounting policy. Add to that the recent news this week that one of the China stocks (Biotics something?) was it seems using a fake bank internet website to spoof the auditors, and they finally got caught. So you can rest assured all the auditors are talking to each other, and are now going back and checking under the rugs they missed, for things like possible fake web sites used to verify bank deposits and cash, since this was a first this week for the entire sector!!!!
I think you all can count on further delays partly because of that news of the fake bank website.
I do not have shares here, never quite got in, but I am holding tight on the ones (other China RTOs) I have, watching ones like this one, and even if it takes 12 months and 50% stock price drop for the air to clear I will hold the ones I have, as I know the ones I own are sound and way, way undervalued. I will just wait for the panic to peak, and buy more, like I did with CGYV 18 months ago, if the prices go any lower.
My best suggestion for those that can afford it, is to stay diversified, hang onto the stocks that look legit, and start gathering dry powder for the second stock market buying opportunity of a life time, this time it will be at least China RTOs, if not the entire market if Washington drops another market crash bomb in July/August like they did in 2008 by not saving Leehman and not passing the original bail out bill. Now they want to play with the US debt limit and scare the Treasury holders worldwide? OUCH!!! Get you seat belts ready folks!!!
LOL,
Something about the current chatter here is starting to remind me of my neighbors Chiwawa...Ankle biters, LOL!
Young pups with lots of testosterone, ready to bite off more than they can chew.
Fastest way to make share holder value go to zero, permanently is to start a shareholder war in court for control. Lawyers love those deals.
Fear of all China stocks.
Wildcat, how much debt did he convert for how many shares? Is all the debt paid now?
Federal flood relief funds may be reimbursing the county for the cost, in which case they have taxes to gain and nothing to loose by getting it done asap.
I have no idea how many shares there are, where the volume is coming from, but even if he did dilute, he has a 300 million issue share limit, and too much dilution takes his controlling interest away at some point, and so far from what I have read here, this guy sounds like a control freak to me.
So lets do some math. Even if he did start passing out shares up to the 300 million limit, at .01 share, that makes the market cap $3 million dollars. If the entire story is not BS (assuming the oil is there, the leases are not compromised, etc), and that Godzilla is not about to show up and stomp on everyone's Toyota at the party in Texas, then .01/share does not sound like too high a price to pay right now. Sounds like a low down side risk, compared to the potential long term payout.
Also if he sells the remaining 200 million shares, he dilutes his control down to about 15%, from about 30-35% (based on the numbers I have seen here this week).
WildcatDriller,
I have known SE for several years now from other blogs. In his case, he probably owns too many shares now to do any flipping with out causing huge price swings in EGOH that could destabilize the price (IMHO). Now, me, LOL, I could flip and no one would know it, yet, LOL! I still wish I had taken his advice earlier and bought DUNE about 12-18 months ago at .10/share (but I waited too long, and the debt scared me.....etc) It since went to over a $1.20 this year at one point.
One thing I am sure of, is that IF SE decided to bail out sell all his EGOH shares in one day we would be at .0001/share in no time, so please tell the others here NOT to P*ss him off, at least not while I own shares, LOL. I suspect Wilmont knows that and knows that he better get his arse in gear soon!! But I doubt SE would sell for that reason, not for less than dollars/share anyway.
That amount of reported short interest is trivial compared to daily volume, the average short volume reported is about 2-3% of daily volume. Now if short interest was 10 million shares it might be significant.
Sorry to be critical at this point, but you need to learn to read English PRs with a much more critical eye, like the last one that required a June 22nd payment. Don't you think if that payment happened Wilmont would have PR'd the hell out of it? Also read the leagaleze, "forward looking statements" disclaimer at the bottom of PRs.
Pink sheet stocks never PR negative news, like a deal that went sour, or just never made it through one of the execution steps. They either go silent, or move on to the next wish list forward looking statement PR and cover their arse with the SEC/legaleze boiler plate "Forward looking statement" clause and rule that has been around since the 1930s.
Only way to get current facts is to ask Wilmont, and then decide if what is yes a lie or not.
There are only 2 reasons to risk money here, one is the oil in the ground (long term), the other is to trade the liquidity and volatility for dollars while it lasts.