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WE have major news folks! Reading it right now.
No. Why do you ask?
That MACD tells the real story, $3/share coming soon!!!!
I just took the time to read the last SEC filling, which I had skipped, even though I was long (long boring bank quarterlies bore me) at first read it all sounds like great news, but then the losses look like a 400% jump versus prior quarter, and about equal to 12 months ago. so the increased losses plus the Washington mess may have been the trigger. I am down about 90% now on the first share lot from about 18 months ago, thinking about finally giving up on this bunch as this Washington bunch and market sell off might get even nastier. I already got hosed this month on a few other stocks. This punk is not feeling lucky today!
Edit: Book value June 30th 2011 is listed at $1.66/share, but the numbers I see indicate a book value of about $2.10/share, so when this bottoms, it may be a good buy after all. Just depends on how fast things get better or worse.
Any clues as to why this one is, still is getting hammered so bad?
Any bottom targets?
Wasn't so long ago that insiders were buying at $1.21, shortly after the last R/S. I did not expect to see prices this low again, unless we got bad news, but I have not seen news bad enough to cause this drop?
Any bottom, or bounce targets? If so what is it and why?
Hiding from the big bad bears!
Got another email from Scott (he has been arranging occasional conference calls with Byron Elton for the Yahoo CABN board, et, al, for a good while.)
All Conference Call Members (CABN):
The phone number/access number information for tomorrows conference call is...
218.339.4600
719782#
Remember, the conference call is scheduled for 4:00PM US Pacific Standard Time. Please adjust to your local time standards.
Next Conference Call
Thursday, July 28Th, 2011, 4:00 PM Pacific Time (7:00 PM ET, 6:00 PM CT, 5:00 PM MT)
I expected good news, etc, and wallstreet manipulation games to drive it up to the old $2 target before the dilution, so they could sell the new shares at $1/share.
FWIW I increased my share count by 50% a short while ago, to average down my $1.20 ish average cost. I will add a lot more if it goes lower, but I suspect this is the bottom. MM's may do an opening bell shake out to steal overnight selling shares and stop losses, drive it to .35, but good luck getting your orders filled. I think this is the bottom, unless great depression III is starting thanks to the idiots in Washington DC.
I will post more later tonight.
I am shocked to see it go this low, but it seems to be a perfect storm.
The latest news says the new shares at selling at .52 (but include warrants with the shares, and the warrants are convertible at .64). If the over allotment is used up it works out to about 44 million new shares, and 44 million warrants, which uses up 88 million in the AS, and takes us to about 80% of the new AS which was 250 million.
.52 x 44 million (less the fees) is going to be about 21 million dollars, divide that by 150 million shares we get an increase in cash per total OS shares of about .14/share. I think existing cash is at about that level as well, so we end up with .30/share (based on 150 million final issued shares) in cash plus the deals and pipe lines as the basis to value the stock, and about 44 million new warrants at .64 hanging over our heads (but if exercised they would add cash).
By the way, no one can convince me that the big boys were not selling this the last week based on insider information (knowing this coming), or at least they stopped buying and or supporting the price, knowing this was coming! SEC! Are you still asleep at the wheel?
So does anyone think we have seen seen the bottom at .40x today, and if not where do you think it will bottom?
We are now testing a two year low. I am holding.
Very strange, now suddenly with no more volume, those 289,000 shares offered at .14 are gone, and ask is back at .18!!!!
But wait, EDIT, RAJA just came back and offered 5000 shares at .14
What a racket! Something is up!
Edit 2: Now they are back, 278,000 shares at .14?
Someone is playing games?
I tried to buy some, and no joy, said to call in for more info, and say buying is blocked. Pink sheets has no quotes and has Caveat Emptor listed, skull and cross bones. But Fidelity charts and quotes shows the stock actively trading. Very odd.
Consolidation is over! Go ABAT!
Just like I said I expected, R/S after the conversion of debt. My guess is they will do a 50:1 or 100:1 R/S. That would take it down to a 4-9 million Outstanding shares, at about $25-$50/share when the price settles down.
What is not clear to me is how much debt they will still be servicing afterwards, and how that and earnings will turn out later. I expect some shares will be dumped for cash by some of the prior debt owners.
Then why is trading today?
Just dawned on me that ERC could be used (like in Iceland where they convert CO2 and water to methanol fuel using geothermal energy), to convert renewable energy like solar and wind into formic acid as a liquid fuel for vehicles run on formic acid fuel cells (hydrogen car economy model), and simultaneously clean up CO2 exhaust from coal fired power plants. A win-win deal!!!
I have been looking at that part backwards on the using solar power to run the reactor!!!
Yes, as I recall the merger contract called for some kind of halt to issuing new shares by either company. If that were not the case, AEXP would have issued shares a long time ago, instead of borrowing cash from MNLU about 6 months ago, to pay some accounting and SEC merger paper work bills related to the merger. That is why I keep saying a delayed merger is good, not bad, as it keeps the share count fixed for now.
The senior secured asset debt is no doubt the way they will go, and it can be converted post merger to shares if needed, but it will not be needed.
Down the road, if the formic acid fuel cells get some traction, they could be combined with ERC to store solar energy peak power, instead of using batteries, to store day light solar and peak wind power for use later at night, or during low wind conditions.
If they sold new shares at $1 today, would you call that a BAD kind of dilution? I would be delighted myself!
If they sold 100 million shares at .01, yes that would be bad, but as I have said, and as the data shows, there has been no dilution in about 2 years, and insiders have been buying at retail!!!!
A note to everyone. Lets please keep things here civil, before they get out of hand.
If they were not sitting on over $1 billion dollars in natural gas, I would be a little worried here about possible dilution, but debt is more likely, debt that can be paid back very quickly with revenues from the well. The stock will be back up to $5 before they seal any kind of dilution deal (which would happen at a much higher price than we are at today) to expand drilling and pipeline additions, or they will JV the expansion deal, and no dilution is likely while the merger is pending as it would screw up the merger contracts!
Now, would the real Frauds please step forward, or should I say, would the real Muddy Waters please step forward!
LOL (LMAO!!!!)
Now, would the real Frauds please step forward, or should I say, would the real Muddy Waters please step forward!
LOL (LMAO!!!!)
Now, would the real Frauds please step forward, or should I say, would the real Muddy Waters please step forward!
LOL (LMAO!!!!)
I don't think any of them block trades, but if CCME moved to pink sheets from NASDAQ you need to be set up by your broker with special permission to buy penny stocks, at least I had to sign a waver to trade them in my IRA. That may be what someone is referring to? When it was NASDAQ stock is trade-able and marginable if over $5/share. Some brokers do not like to deal with penny stocks.
CCME traded over 22,000 shares today, so it is and has been trading.
Now, would the real Frauds please step forward, or should I say, would the real Muddy Waters please step forward!
LOL (LMAO!!!!)
OK, I am tired of the penny anti games and penny stock promos that seem to do nothing here. Time to wake up the world to the gold mine sitting here while we wait for the big news!
http://www.mannvit.com/RenewableEnergyClimate/BiogasandBiofuel/MethanolfromCO2/
See my comments in the comment section at the bottom!
Also, I starting stirring the pot with my old friends at the US DOE!
I still believe Mantra has the best available technology in the field so far.
I disagree (At one time I would have agreed but).
I have no doubt that if I handed Larry a check for 50 million dollars today that Mantra could build a full scale commercial plant for me, today. The reactor design is already completed and will not change for the sake of building a larger capacity system. The size is increased by adding more same sized reactors, not by scaling up the design with a completely new design like many other systems require. It is like buying 100 lead acid batteries, instead of just one.
The current problem is that MVTG intends to keep basic control and ownership in house to fully protect the IP, and trade secrets, and lacks the working capital at this time to move any faster. At least that is my impression at this time.
If they had 10, 50, or 100 million in cash today, the pilot plants would be up and running no time, or might be skipped and turned into full scale plants right away. While they might still build a mini plant or pilot plant first, there would be no scale up issues. The mini plant capacity could be increased to any size almost overnight, by adding more duplicate sized reactors, with out starting from scratch on a redesign for a larger plant. The only thing that would change would be support system sizes, like the control panel, more pumps, or larger pumps, larger storage tanks, stuff that does not require a pilot plant for scale up design problem solving.
Thanks for the heads up!
Don't forget we had an AEXP director buy another 50,000 shares at retail, open market July 19,2011! Check out the Form 4, SEC report. He still owns 1,720,750 shares, DHALIWAL HARBANCE !!!! That makes two AEXP insiders buying shares in the last 12 months.
Don't forget we had an AEXP director buy another 50,000 shares at retail, open market July 19,2011! Check out the Form 4, SEC report. He still owns 1,720,750 shares! DHALIWAL HARBANCE
Nice try PIG! You left out this part in your quote!
There has been no dilution for 2 years, when are you going to figure it out?
The delay has been SEC delays (old news), not MNLU delays. Also, as long as the merger is delayed, there will be no dilution! (also old news).
If they were going to dilute, they would have done it in February when the stock was over $1/share.
The rules changed recently (a few weeks ago) requiring MM's to post the actual net (retail + MM) shares available for sale at the best bid and ask, instead of hiding the actual data. Frankly it looks to me like another MM raid, like the last two to try and collect cheap shares by scaring retail into selling think the sky is falling.
Now that the rules have changed, MM's can use it to try and show support or resistance with huge numbers of fake phantom shares (but they pull quotes if challenged). I have no doubt if someone slammed the ask with a 50,000 share buy at market order that the ask would rise quickly!!!
Alternatively it could be an unskilled TTEG contractor with some shares trying to convert to cash, but I doubt it. This looks more like a timed MM bear raid to me.
I do not see this as a Washington Debt crisis panic sale, as I do not see it in my other stocks, all the way from China RMs to NVS shares, or AA shares that I hold.
It could also be that somebody knows good news is pending, and they want cheap shares today!!!!!
Markets have been climbing all morning since the gap down at open, and NASDAQ is already almost green, so what ever is going on, I am not buying it (In other words I am not selling, I am holding all my shares).
Some people might disagree with this article about the future of companies like CABN:
http://www.reuters.com/article/2011/07/21/us-carbon-capture-idUSTRE76K24K20110721
Reuters article (link below) saying there are no solutions like ours yet available on the market.
I corrected them in the comments section. I found this article in today's CC Journal.
http://www.reuters.com/article/2011/07/21/us-carbon-capture-idUSTRE76K24K20110721
Somebody wanted out bad here today. Either that or they were follish enough to use a stop loss trigger and give shares away to the MMs.
This is the only stock I own that I am seeing any real volume in so far today, and the sell was long after the market bottomed and started to rally, so it is a little odd to say the least, especially since the price was holding steady at .18 with good volume lately.
I am still long and holding for a return to 50 cents/share.
It is a great pick!!!
Reading this today:
http://news.ino.com/headlines/?newsid=689797767483790
Got me to thinking about the recent smear campaign against China RM stocks like ABAT that had ALL been painted recently as black sheep in comparison to other businesses. Personally I think this new scandal has real legs, that will leave attacks on China stocks in the dust, and forgotten.
Sorry, I don't understand your question.
Gerry told me 4 months ago they would immediately complete the connection to the existing pipeline (right after fracking) which can handle $250,000 / month of gas flow (max remaining flow capacity of existing pipeline), which is a fraction of expected max and average flow capacity.
Then they will work on deals for a new, larger pipeline to be built.
And then they will look back at the other Louisiana projects.
A ray of hope for you investors:
I found this in another china stock forum today. A lot of good info on DD and investing in China RM stocks like ABAT. Most of it bullish!
http://chinasmallcapmonitor.blogspot.com/
also check out:
http://www.globaltimes.cn/DesktopModules/DnnForge%20-%20NewsArticles/Print.aspx?tabid=99&tabmoduleid=94&articleId=666587&moduleId=405&PortalID=0
I still think this one may go a lot lower, on the lack of news right now, but I also suspect it will eventually be much higher that the current price.