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This got me to thinking about the hundreds of millions of dollars in losses from veggies crops being destroyed in Europe especially Germany and Spain this last week due to the Super-E-Coli outbreak that has killed many already in Germany, and sickened thousands already in Europe due to raw veggie contamination. That sort of problem would not be possible with Veggies grown in a Terrasphere facility!!!
Converted Organics Announces TerraSphere's British Columbia Facility Passes Food Safety Audit by CanadaGAP
* Confirms TerraSphere's Vertical Farming Technology as Safe Production Method
* Increases Size of Market for TerraSphere Products
BOSTON, June 9, 2011 (GLOBE NEWSWIRE) -- Converted Organics Inc. (Nasdaq:COIN) announced today that the British Columbia facility operated by TerraSphere, a subsidiary of Converted Organics, has passed the last step in the rigorous CanadaGAP certification process.
CanadaGAP (Good Agricultural Practices) is the name of the Canadian Horticultural Council's (CHC) On-Farm Food Safety Program which was launched in 2008. The program consists of national food safety standards and a certification system for the safe production, storage and packing of fresh fruits and vegetables. Six crop-specific manuals were developed for producers and packers to document all food safety-related procedures. The manuals contain comprehensive guidance based on a rigorous hazard analysis using HACCP principles. The CanadaGAP program has become a very well-recognized standard and was recently benchmarked as meeting the requirements of the Global Food Safety Initiative.
The results of the audit of TerraSphere's facility were favorable. Upon completion, the auditor's report was sent to the Certification Body for a decision on certification and thereafter a Certificate was issued.
Toby Baker, spokesperson for the Squamish Nation, stated, "We're pleased to see TerraSphere achieve this significant certification. Food safety is an increasingly important public health issue. Governments all over the world are intensifying their efforts to improve food safety. These efforts are in response to an increasing number of food safety problems and rising consumer concerns. TerraSphere's certification confirms the effectiveness of the food safety procedures present in its operations."
Nick Brusatore, Co-founder and Technical Director of TerraSphere Systems, noted, "Certification under CanadaGAP will expand the potential marketplace for TerraSphere's products and marks a further step in our cohesive effort to provide the people of British Columbia with locally-grown produce that is pesticide-free."
TerraSphere designs and builds super-efficient vertical farming systems that grow a variety of crops in pollutant-free environments. The patented TerraSphere system is contained, which means crops can be grown year-round in any location, and at considerably higher yields than traditional growth methods. The result is an abundance of fresh, cost-competitive produce. TerraSphere presently sells spinach under the Eco-Spirit label for its licensee, the Squamish Nation, through Choices Markets, Western Canada's largest natural and organic grocer.
About Converted Organics
Converted Organics' (Nasdaq:COIN) mission is to promote, develop and operate profitable innovative clean technologies that contribute to the improvement of our environment by use of sustainable business practices and the judicious use of natural resources. Converted Organics Inc. is currently composed of three primary lines of business at the intersection of Agriculture, Water and Waste Recycling. Each business contributes to our mission and uses sustainable business practices that protect and value the environment. The three lines of business are Organic Fertilizer (Converted Organics), Vertical Farming (TerraSphere Systems - www.terraspheresystems.com), and Industrial Wastewater Treatment (Industrial Wastewater Resources).
The Converted Organics Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7431
Interesting news from China today that confirms what ABAT has been telling us recently!!!!!! I just happen to own stock in both (as well as AXPW). The Ebike switch from lead acid to li-ion is just getting started, and has a huge upside potential.
ABAT and CBAK are China Li-ion battery companies, and thus in competition for battery sales with AXPW, although I do not see them in direct competition any time soon for the same energy storage sectors, yet, but I do see them getting a strong foot hold in the mini vehicle markets like scooters and e-bikes in Asia and replacing lead acid there right now.
China BAK Comments on Recent Industry Developments
BY PR Newswire
— 8:00 AM ET 06/09/2011
SHENZHEN, China, June 9, 2011 /PRNewswire-Asia/ -- China BAK Battery, Inc. a leading global manufacturer of lithium-based battery cells, today announced that the Company is seeing a surge in customer demand for its e-bike battery business at its Tianjin facility due to the recent government suspension of lead-acid battery manufacturing in China.
As recently reported in the periodical Advanced Battery Weekly, there are nearly 300 lead-acid battery producers in Zhejiang Province, China, and more than a hundred people have unsafely high blood lead level in this area. Several leading lead-acid battery manufacturers in China have recently suspended production due to a government crackdown on heavy metal pollution. In addition, each of the Ministry of Public Security, the Ministry of Industry and Information Technology, State Administration for Industry & Commerce and the General Administration of Quality Supervision, Inspection and Quarantine is reportedly requiring local governments, police, regional industry and commerce offices to tighten management of e-bike manufacturing plants. Based on reports, e-bikes may weigh no more than 40 kg and may not exceed a top speed of 20 km (12.4 miles) per hour. In comparison with the traditional lead-acid battery, it has been documented that lithium-based battery cells provide a number of advantages, including lighter weight (the weight for each battery pack used in an e-bike is about 4 kg) without sacrificing capacity, or about 1/3 or 1/4 less weight than a comparable lead-based battery; longer cycle-life; and have less environmental impact due to zero use of lead. All products using China BAK battery packs can meet the above government requirements.
Concurrently with these industry developments, the Company has received an increase in the number of requests for China BAK's lithium-based battery cells from e-bike manufacturers. Similarly, the Company's major customers, XDS Shenzhen Xidesheng Bicycle Co., Ltd., Geoby Electric Vehicle Co., Ltd. and NOAHtek Electric Bicycles Company, have recently initiated discussions with the Company regarding future orders. As compared with orders received and expected to be received for the Company's quarter ended June 30, 2011, the Company's forecast quantity of orders for its quarter ended September 30, 2011 from e-bike manufacturers is expected to be approximately 88% higher, or 20,000 battery packs compared to expected sales of approximately 10,600 for the current quarter. China BAK also expects that the Company will see additional new customers from the traditional lead-acid-battery-powered bicycle manufacturers for the quarter ended September 30, 2011.
"Reuters reported that batteries for e-bikes accounted for about 20 percent of China's 3.7 million tonnes of refined lead consumption in 2010 with annual production of more than 17 million e-bikes. Due to the government's focus on heavy metal pollution, we believe even a 10% replacement in demand for the traditional lead-acid battery by lithium-ion battery to power e-bikes, would result in a substantial increase in demand for us," commented Mr. Ke Marcus Cui, Chief Financial Officer of China BAK. "The Chinese government provides strong support and encouragement to lithium-based battery development and we are well recognized for our high-quality, extensive production experience and technology in the e-bike market. We therefore expect to further increase our sales of lithium-based batteries to e-bike customers."
We may have bottomed here, CBAK, yesterday!!! News out rallied the stock 30% at the open.
Interesting news from China, from an ABAT competitor, but it confirms what ABAT has been tell us recently!!!!!! I just happen to own stock in both, and both are way oversold. The Ebike switch from lead acid to li-ion is just getting started, and has a huge upside potential for both CBAK and ABAT.
China BAK Comments on Recent Industry Developments
BY PR Newswire
— 8:00 AM ET 06/09/2011
SHENZHEN, China, June 9, 2011 /PRNewswire-Asia/ -- China BAK Battery, Inc. a leading global manufacturer of lithium-based battery cells, today announced that the Company is seeing a surge in customer demand for its e-bike battery business at its Tianjin facility due to the recent government suspension of lead-acid battery manufacturing in China.
As recently reported in the periodical Advanced Battery Weekly, there are nearly 300 lead-acid battery producers in Zhejiang Province, China, and more than a hundred people have unsafely high blood lead level in this area. Several leading lead-acid battery manufacturers in China have recently suspended production due to a government crackdown on heavy metal pollution. In addition, each of the Ministry of Public Security, the Ministry of Industry and Information Technology, State Administration for Industry & Commerce and the General Administration of Quality Supervision, Inspection and Quarantine is reportedly requiring local governments, police, regional industry and commerce offices to tighten management of e-bike manufacturing plants. Based on reports, e-bikes may weigh no more than 40 kg and may not exceed a top speed of 20 km (12.4 miles) per hour. In comparison with the traditional lead-acid battery, it has been documented that lithium-based battery cells provide a number of advantages, including lighter weight (the weight for each battery pack used in an e-bike is about 4 kg) without sacrificing capacity, or about 1/3 or 1/4 less weight than a comparable lead-based battery; longer cycle-life; and have less environmental impact due to zero use of lead. All products using China BAK battery packs can meet the above government requirements.
Concurrently with these industry developments, the Company has received an increase in the number of requests for China BAK's lithium-based battery cells from e-bike manufacturers. Similarly, the Company's major customers, XDS Shenzhen Xidesheng Bicycle Co., Ltd., Geoby Electric Vehicle Co., Ltd. and NOAHtek Electric Bicycles Company, have recently initiated discussions with the Company regarding future orders. As compared with orders received and expected to be received for the Company's quarter ended June 30, 2011, the Company's forecast quantity of orders for its quarter ended September 30, 2011 from e-bike manufacturers is expected to be approximately 88% higher, or 20,000 battery packs compared to expected sales of approximately 10,600 for the current quarter. China BAK also expects that the Company will see additional new customers from the traditional lead-acid-battery-powered bicycle manufacturers for the quarter ended September 30, 2011.
"Reuters reported that batteries for e-bikes accounted for about 20 percent of China's 3.7 million tonnes of refined lead consumption in 2010 with annual production of more than 17 million e-bikes. Due to the government's focus on heavy metal pollution, we believe even a 10% replacement in demand for the traditional lead-acid battery by lithium-ion battery to power e-bikes, would result in a substantial increase in demand for us," commented Mr. Ke Marcus Cui, Chief Financial Officer of China BAK. "The Chinese government provides strong support and encouragement to lithium-based battery development and we are well recognized for our high-quality, extensive production experience and technology in the e-bike market. We therefore expect to further increase our sales of lithium-based batteries to e-bike customers."
Interesting news from China, from an ABAT competitor, but it confirms what ABAT has been tell us!!!!!! I just happen to own stock in both. The Ebike switch from lead acid to li-ion is just getting started, and has a huge upside potential.
China BAK Comments on Recent Industry Developments
BY PR Newswire
— 8:00 AM ET 06/09/2011
SHENZHEN, China, June 9, 2011 /PRNewswire-Asia/ -- China BAK Battery, Inc. a leading global manufacturer of lithium-based battery cells, today announced that the Company is seeing a surge in customer demand for its e-bike battery business at its Tianjin facility due to the recent government suspension of lead-acid battery manufacturing in China.
As recently reported in the periodical Advanced Battery Weekly, there are nearly 300 lead-acid battery producers in Zhejiang Province, China, and more than a hundred people have unsafely high blood lead level in this area. Several leading lead-acid battery manufacturers in China have recently suspended production due to a government crackdown on heavy metal pollution. In addition, each of the Ministry of Public Security, the Ministry of Industry and Information Technology, State Administration for Industry & Commerce and the General Administration of Quality Supervision, Inspection and Quarantine is reportedly requiring local governments, police, regional industry and commerce offices to tighten management of e-bike manufacturing plants. Based on reports, e-bikes may weigh no more than 40 kg and may not exceed a top speed of 20 km (12.4 miles) per hour. In comparison with the traditional lead-acid battery, it has been documented that lithium-based battery cells provide a number of advantages, including lighter weight (the weight for each battery pack used in an e-bike is about 4 kg) without sacrificing capacity, or about 1/3 or 1/4 less weight than a comparable lead-based battery; longer cycle-life; and have less environmental impact due to zero use of lead. All products using China BAK battery packs can meet the above government requirements.
Concurrently with these industry developments, the Company has received an increase in the number of requests for China BAK's lithium-based battery cells from e-bike manufacturers. Similarly, the Company's major customers, XDS Shenzhen Xidesheng Bicycle Co., Ltd., Geoby Electric Vehicle Co., Ltd. and NOAHtek Electric Bicycles Company, have recently initiated discussions with the Company regarding future orders. As compared with orders received and expected to be received for the Company's quarter ended June 30, 2011, the Company's forecast quantity of orders for its quarter ended September 30, 2011 from e-bike manufacturers is expected to be approximately 88% higher, or 20,000 battery packs compared to expected sales of approximately 10,600 for the current quarter. China BAK also expects that the Company will see additional new customers from the traditional lead-acid-battery-powered bicycle manufacturers for the quarter ended September 30, 2011.
"Reuters reported that batteries for e-bikes accounted for about 20 percent of China's 3.7 million tonnes of refined lead consumption in 2010 with annual production of more than 17 million e-bikes. Due to the government's focus on heavy metal pollution, we believe even a 10% replacement in demand for the traditional lead-acid battery by lithium-ion battery to power e-bikes, would result in a substantial increase in demand for us," commented Mr. Ke Marcus Cui, Chief Financial Officer of China BAK. "The Chinese government provides strong support and encouragement to lithium-based battery development and we are well recognized for our high-quality, extensive production experience and technology in the e-bike market. We therefore expect to further increase our sales of lithium-based batteries to e-bike customers."
I suppose we should not worry about this share selling news either?
http://secwatch.com/axpw/4/insider-trading/2011/6/8/8878458?s=alert
We have some news to distract the selling crowd tonight!
http://ih.advfn.com/p.php?pid=nmona&article=47991065&symbol=AXPW
Envision Solar International, Inc., (OTCBB: EVSI), a leading sustainable infrastructure designer and developer, today announced that the company has broken ground on electric-vehicle (EV) charging enabled Solar Tree® structures with integrated EnvisionTrak™ and CleanCharge™ systems at Axion Power International's (OTCBB: AXPW) facility in Western Pennsylvania. The project is expected to be completed by mid July.
In addition to providing Axion with clean energy, and helping meet its objectives to reduce its overall carbon footprint, the installation will enable the companies to learn more about the characteristics of solar energy in the region, and how to better tie solar energy to Axion's Power Cube™ storage system. Technical focus will be on load management and power smoothing required because of variability on a day-to-day business of sunlight conditions due to, for example, cloud cover. Axion initially plans to take advantage of the Solar Tree® structures to charge Electric Vehicles during the day with any excess generated electricity being fed into their patented and unique storage system. The storage solution will power the facility's street and parking lights at night.
Bob Noble, CEO of Envision Solar, said, "Combining our state-of-the-art solar trees equipped with EV chargers with Axion's storage solution for solar power creates a truly powerful energy solution for the market, and is a key development in leveling the playing field for solar power and other conventional, base-load energy sources. This project truly represents a comprehensive demonstration of the hyper-convergence of efficient clean energy generation, large-scale local energy storage, smart-grid and building infrastructure, and plug-in hybrid – electric vehicle charging."
Envision President Desmond Wheatley said, "The integration of Axion's powerful storage solution with our iconic smart Solar Tree® shaded parking products takes us a giant leap closer to solving for the much touted intermittency of solar generation. As we see improvements in the nation's electric grid and a move to the smart grid, solar's intermittency will become less and less of a concern. In the meantime, we are bridging the gap with partners like Axion. We're proud and thrilled to have our products deployed in a project that will deliver clean renewable solar energy 24 hours a day."
For more information about Envision Solar, visit www.envisionsolar.com.
Envision Solar International, Inc.
Envision Solar, www.envisionsolar.com, is a leading sustainable infrastructure planner and architect designing and deploying clean energy systems globally. The solar master planning firm provides strategic long-term solutions including comprehensive sustainability planning and optimizing designs for solar array structures. Founded by leading sustainable design architect Robert Noble, the company is a leader in the invention and construction of solar structures that address unused millions of acres of parking spaces. Its innovative systems include products for commercial, residential, and institutional projects, such as EnvisionTrak™, CleanCharge™, Solar Tree®, Solar Grove®, Solar Row™, LifePort®, LifePod™, LifeVillage™ solar systems and others. Envision Solar is listed on the OTC Bulletin Board under the symbol [OTCBB: EVSI]. For more information on the company, contact 1-866-746-0514.
Media contact:Irene LiEnvision Solar International, Inc.(858) 799-4583irene.li@envisionsolar.com
SOURCE Envision Solar International, Inc.
I followed this one for at least a year or more, never took the dip, was near the brink when it stopped trading. The only sign I ever saw was the price steadily going the wrong way. I am curious what signs you all think you saw in retrospect, as I never saw them, or I missed them. I think it is worth while to discuss what the signs were, and how and why we missed them, so we do not repeat the mistakes?
There is much in your post that I could not follow, no links, not enough detail to follow, as I had not followed this one for 4 years.
Why is it clear that is, was a scam today, and not 2-3 weeks ago?
My guess is reality set in, after the people that loaded up at .10 unloaded at over $1, combined with sheer market wide panic and people running for the exit all at the same time.
Yes, but one of the presenters at the last Cleantech conference was pushing for big dollars to fund their formic acid fuels (Marketing and production I think). Larry told me there were going need Mantra Technology to produce enough formic acid, to make their fuel cells viable in any volume.
I am waiting to see if the all time low holds this summer before I dare add any shares. The entire stock market is in real danger right now, and AXPW could easily sink to new all time lows with the combination of a stock market panic and a new round of financing coming, and people jumping ship.
This could be a nasty summer, just like the 2008 crash with all the signs turning very negative!!! China official today accused the Republicans in the US Congress of playing with fire, and sent a warning about risking a world collapse if they play games with not raising the US debt ceiling to make Treasury interest payments.
I am already seeing the multiple serious danger signs market wide, and serious sell off under way! The entire battery sector has been hammered already, with no signs of bottoming. The day the US Congress voted down the 700 billion dollar bail out and the DOW dropped like a rock (10% in one hour IIRC) is still fresh in my mind!!!!! Washington just does not live in the real world at times!
Since they were the initial bond backers of the initial major debt COIN raised to pay for building the first plant in NJ, which COIN later abandoned, I am not sure how much faith I can put in there being on board now?
Only reason they are on board is to try to salvage pennies on the dollar of their original investment in COIN, just like us.
Mark my words, you can count on a nasty new round of dilution from financing this summer, before any chances of seeing news of a JV deal with any large substantial company. And there is no way they will get to a larger more substantial trading exchange without HUGE dilution to raise a lot of money as those exchanges require a lot of dollar equity (like 5 million dollars or more), and CABN has no equity, no revenue, so getting that kind of equity means a large discount for new cash, that is why they just turned your 40 shares into one share!!!!
I have read the last PR's, and it just sounds like more of the same to me so far, such as "we will be ordering a larger batch of catalyst to make a larger batch process to make a larger sample (still lab scale IMHO) of diesel fuel", or something like that. No where is there any sign yet of a JV deal, or suitors for a JV!!!! Go back and read 2 year old PRs, and they were saying the same things. In the mean time the cash burn goes on.
I have not given up on these guys, I think I know when to run for cover, and I hope to know when to buy back in, and today is a time to run for cover. I sold yesterday. So for now I am neutral (I am not short or long today).
If this stock hits $1 this summer, it will prove I was right. This is not the time to be long or add here at prices over $3/share IMHO.
It is possible that the loan sharks that have crashed the price, will push it up 300% on some BS PR, or just with MM aid, to dump the 100 million new shares they expect to get after the annual meeting vote to raise the common limits so they can convert their debt to common shares. Once they get all that debt converted to shares as cheaply as possible, they will want to dump them at higher prices. But they may do the R/S split before they dump the shares. The R/S topic does complicate matters.
I kept the faith here since early 2009, but I have seen too many mistakes and flaws in management. The NJ plant design and business plan, was flawed from day one 5-7 years ago (but was not obvious to retail investors until late last year), and that is what really killed this company, but the recent financing round was the real killer for me and most others.
I just hope they close a Terra deal and the stock jumps 300% so I can recover some skin and get out with something left besides ashes!
THEBROKEONE,
PM me an email and I will reply by email, I do not have a paid account here, so I can not PM reply.
Frankly, I don't think it matters when or if they do a R/S at this point, as they are in so much trouble, the only thing I think that will save the company is Terra sales, and so far they have zero in 6 months! Last months fertilizer sales showed no real significant growth, another huge disappointment. I am hoping they find some rich stoned investors at the wacky weed conference next week and get Terra order signatures for a PR before they sober up, LOL, then I am OUT!!!
I do not have a dime in DUNR, and I do not plan to (unless it hits .10/share again) They have hundreds of millions in debt, huge interest payments, and a single well hail mary pass hope of avoiding BK IMHO. It sold off another 45% drop today, in one day, and is still 500% above it's 52 week low (or 100 week? low, I forget), while we went sideways, and the markets continued to sell off in a steady week long panic.
My money is on MNLU and AEXP at these prices, and I sold all my CABN (CABND) yesterday, because the stock holders there are about to get hosed with major dilution in a new financing round, they are not being told about.
I don't think MNLU and AEXP will go much lower, even if the market panic / sell off continues, as we have held the lows for weeks now, while the rest of the markets have taken serious 10% losses.
But, if Congress screws around much longer on the debt ceiling issue, all bets are off. We could see a 2008 crash all over again!
I think they are expecting to get canned, right after the final debt to share conversion dilution hands control over to the Oppenheimer (now at about 46.x%) and the new boys that gave them the cash to continue 6 months ago, who are now crashing the price so they can convert the 5 million $s in debt into 65% of the outstanding shares, leaving retail with about 3% of what they had 6 months ago.
FEAR!!!!!! And PANIC!
I worry that the buy out (if it comes) will come at a lower price, with no rally. Happened to me once earlier this year with another penny bank stock I had averaged down on for the long haul. I got bought out near the bottom, really S*cks too!
I got into this one way too early.
Did you catch the poison pill the CEO and his buddy passed about 6 weeks ago, making COIN pay through the noise in the future to fire them?
Yes, I spoke directly with Gerry about it 4-8 weeks ago, on two occasions about the financing issues, etc. I was originally under the impression that MNLU had a 10 million dollar line of credit with WellsFargo bank, but Gerry told me that was wrong. He did tell me there were some private investors loaning them unsecured cash to tide them over. At the time Gerry was not a director, just the PR guy. Now he is a director, and according to the last SEC filing he filled, because he is now a director, it shows that he also owns over 10% of the MNLU common shares. He did not say where the cash was coming from (probably could not, with out crossing the insider info line, and I did not ask), but he assured me that they had rich inside investors that were loaning them short term cash, unsecured, to get them over the hump, and their bills were being paid. Last week one of our group here, did a credit check on MNLU, and there were no collection efforts or court filings trying to collect old bills listed. Now that I know from the SEC report that Gerry holds over 10% of the MNLU common, I suspect he may be one of the cash sources? If not, I suspect he brought some of the cash sources along.
As I have said multiple times, I get the impression MNLU and AEXP do not want to add complications to the merger deal by selling new shares at today's prices, so some of the big shareholders must be the source of the short term cash (IMHO), signature, unsecured loans. Selling new shares today would be too expensive at the current price, and foolish with the BP#1 well completion goal in sight, and it would delay and complicate the merger if they issued new shares to raise cash before the merger is completed, as the merger deal was based on current shares outstanding, and based on not issuing any new public floats. Note that neither company has issued new shares in nearly 2 years now, and none since the merger. Only a few small options to officers have been allowed. If they were planning to issue new shares, they would have done so at $1/share 2-3 months ago, not now, and we would already know about it.
Guggenhiem is responsible for 10% of the 5 million, and I am sure if they were asked, they would loan MNLU the rest. I got the impression MNLU has not needed to ask, yet.
Right now I am more concerned about owning stocks of any kind, with the summer here, Washington acting like they want to pull another politically driven stock market crash like they did in 2008 when they voted not to pass the 700 billion rescue package the first time, and the market jumped off a cliff on the news. Now they want to play games with the entire world by not raising the debt limit and scaring Treasury investors world wide into running gold up $5000/ounce and making US Treasuries worthless? One Chinese official today accused the US Republican congress of playing with FIRE!!!!!
And the Middle east and oil is in turmoil (OPEC failed to make an agreement on production levels today!!!!), and market indicators are sliding because gas and oil and food prices are choking consumer spending. All makes me wish I had sold everything 6-8 weeks ago, like MNLU at >$1/share. Hindsight is great, but useless, so I am stuck here holding everything I have and hoping Congress quickly comes to their senses!!! I am already down 70% from the highs I could sold at 8-12 weeks ago on MNLU and AEXP, but I am still convinced this worth holding for the long haul and right now I am more afraid of selling, than I am of holding here. Note that next friday is OPEX, and this may turn out to be a rigged Wallstreet quarterly options driven sell off, overlapping the right news.
If they (Congress)do not get their act together soon, I might start promoting tar and feather parties for the entire Congress and sell the party favors to the Chinese!!!!!!!!! LOL!
22 million Ebikes sold in China alone! Nice market for ABAT!!
Form 4 REAL open market insider buying news!!!! Senior VP bought 29,000 shares today!
Large insider buying now!
http://ir.exide.com/secfiling.cfm?filingid=1209191-11-33293
Yesterdays high was 105 F, an all time record for Houston (prior record was 97 F), and we reached 104 F today. Last years was the first time I recall even seeing 101 F in Houston in 55 years, and it was always in August that we would barely touch 100 F for an hour or so for a day or two!
I BELIEVE!!!!! The weather GODS have my attention!!!! LOL
Gerry was the PR guy in the Houston office among other things, and he was made a director about 2 weeks ago, which was reported at that time in an earlier filing, a week before the 8-K annual report was filed, early last week. This report, if I am reading it right, shows Gerry as a 10% or better stockholder, which is the only reason the form was filled!!!! Which means we have a director now that has our interests at heart as he is holding a wad of shares too!!!!
I have spoken with him twice at great length before he was named a director, and he strikes me a no-BS, straight up guy, that tells it like it is.
http://secwatch.com/mnlu/3/insider-trading-%28form-3%29/2011/6/6/8871829?s=alert
I am long AEXP and MNLU and have been for nearly 2 years now.
No one has talked here in a long time about natural gas prices. They are nearing $5 after bottoming at about $3.75 6-8 weeks ago. In fact NG rallied 25% while AEXP and MNLU dropped 70%.
We may get some action in both, and a push over $5 for NG soon when the first hurricane hits the gulf any day now.
We are up nearly 3% on NG price today, futures, above $4.80, new 52 week high I think.
http://quotes.ino.com/chart/?s=NYMEX_NG.N11.E
And this heat wave in the south may shove peak demand to new highs too!!! We had an all time 105 F record in Houston yesterday, two months early!!!!!
I blew away the second short writer's article against ABAT in Seeking alpha when I proved he could not do simple math and copy data accurately. One of his main negative attack comments had an error that was off by two orders of magnitude, off by 100,000%, and the stock rallied the Monday after his Sunday article hit the internet!!! Shorts have been very quite on ABAT since then!!!!
That is nice dollar volume on the 24,000 e-vehicle (scooters and e-bikes) order!!!
The sales contract is for 24,000 electric vehicles, which include E Bikes and scooters, for a total value of $14,730,000 USD (approximately 95,780,000 RMB). The contract will be fulfilled from June 1, 2011 through May 31, 2012.
AEXP owns the lease of the property the well is one. The well ownership is split 3 ways, 8% to Guggenheim, 12% to AEXP (IIRC), and 80% by MNLU.
As some of you know, I am a firm believer in the CO2 green house gas problem being real, global warming and climate change....
But I am now totally convinced that Global Warming and Climate Change is a hoax!
LOL,
and if you believe that, I will tell you another one!!!
It is now 103 F in Houston and it is only June 5th!!!! It never use to reach 100 F until August in Houston (if it ever even got to 100 F), this year we hit it in May!!!! This heat wave is setting all time records here, right now!!!!
Long (LOL, pun intended) story short (LOL...) I am long on stocks like MVTG for a very good reason, it will quickly rally as Nukes and coal take the GHG issue hit (sooner or later, that coal train is about to hit a brick wall, just like Nukes did in Germany last week, and Japan earlier this year, and MVTG is one of the few with a solution to the problem ready to go!
As some of you know, I am a firm believer in the CO2 green house gas problem being real, global warming and climate change....
But I am now totally convinced that Global Warming and Climate Change is a hoax!
LOL,
and if you believe that, I will tell you another one!!!
It is now 103 F in Houston and it is only June 5th!!!! It never use to reach 100 F until August in Houston (if it ever even got to 100 F), this year we hit it in May!!!! This heat wave is setting all time records here, right now!!!!
Long (LOL, pun intended) story short (LOL...) I am long on natural gas stocks like MNLU for a very good reason, it will quickly rally as Nukes and coal take the GHG issue hit, as sooner or later, that coal train is about to hit a brick wall, just like Nukes did in Germany last week, and Japan earlier this year!!!!
When I look at a sister stock like DUNR that was up 1000% recently (still up 700%), and the huge debt pile they owe, MNLU looks silly cheap, as they have nearly no debt compared to the hundreds of millions (or is it over 1 billion?) that DUNR owes!
What is the revenue, and earnings trend, stockholder equity per share, and trends?
Is the dividend still going, or canceled?
All I know is I had shares selling for about $2.25/share when the last dilution news came out in '09 that they sold a huge portion of the company for .57/share. It might have made sense for the company then, but as a stock holder I was not impressed, and neither was the market. I was surprised at how long it took the stock to sell off and reach the 50 cent level afterwards, but it finally did.
If they had sold shares at $2.00/share I would not have been bothered by the share dilution, my gripe was the price they sold it at.
Anyway, it does not matter what I think of the stocks intrinsic future value, it only matters what the bulk of current stock holders and future potential bag holders think it is worth next week. They always sell on news of dilution or potential dilution, unless the dilution is at premium to retail (which is rare), the market knows that, and so others play follow the leader, until strong hands step in and show the market a solid bottom!!!! It is sad, but true. Then if the company does not turn the corner, and needs more cash, it just goes even lower, never returning to prior highs. We have yet to get anywhere near the $2.25 a share I sold at last time.
In other words what you and I think the company is really worth does not matter to the stock market.
Oh, and regarding the hunting license, LOL, while hunting season is open, I am going to take cover and hide from the hunters!!!!! LOL
LOL, let me know before you hit the sell button, please, LOL!
I see a little bit different picture. The company has nearly $2/share in cash, so I see the downside risk as small this year, and the upside potential in the $5 to $7 range.
The recent purchase from CYTR of another drug for the pipeline helped the last, recent rally as well.
Does anyone else know how much debt will be converted to some kind of equity in the final deal? I can't tell yet, as there is too much junk verbiage in the SEC filings. Also how much new, debt converted to equity will become common stock that can be sold right away, versus preferred shares that might be convertible (but might not ever convert, or might convert years later)?
I read one bit in the SEC report I am trying to digest, that sounded like only a small portion of the debt was going to become 97.5% new shares, while the bulk of the debt was going to become preferred convertible shares that could further dilute the 97.5% dilution, meaning the current shares may be worth far less than I previously thought. But the wording is almost impossible to determine what they really plan to do, perhaps on purpose?
The plot, she thickens!!!! LOL
Time to dilute and raise more cash!!! See the new 40 page form S-3 just filed. Not good news short term in my opinion, and I think it has clues as to why we rallied recently while an insider was selling (see the $75,000,000 market cap note below, LOL). The games Wallstreet plays never end!!!!
"
As stated above , with an effective Form S-3, we can file any combination of securities up to the maximum dollar amount of $28,000,000 in one or more financing transactions, thus we are affording the Company greater flexibility in its fund raising options. More specifically, just because we are filing for “up to” $28,000,000 does not mean that we necessarily intend to raise $28,000,000, as this number was determined by our Board of Directors ( “Board “) to provide further flexibility. In fact, while our Board has authorized us to file this S-3 registration statement for up to $28,000,000, our Board has currently authorized us to raise up to $18,000,000 of the $28,000,000 registered with the additional $10,000,000 of availability to be subject to further Board approval.
We are filing this registration statement currently due to the limited window during which we are eligible to file a Form S-3. One of the requirements (as required by General Instruction 1.B.1. of Form S-3) of filing a Form S-3 is that the Company’s market cap be at least $75,000,000 within 60 days prior to the date of filing the registration statement. The last day we had a market cap of $75,000,000 was April 7, 2011, on which date we had a last sale price of $1.08 of our common stock on the OTC BB. On that date we had 70,752,259 shares in the public float (85,453,302 total shares issued and outstanding less 14,701,043 shares beneficially owned by affiliates), yielding a market cap on April 7, 2011 of $76,412,439.
Our need to consider further fund raising to absolutely insure continued operations past the first quarter of 2012 is the result of various factors. When we raised funds in late 2009, we anticipated a significant funding award from the Department of Energy based on their August 2009 announcement listing us as a grant awardee. Unfortunately we never received that award, nor have we as yet received an award for the second year of our ONR grant from the Department of Defense. In addition, although we have made very significant progress with our technology, the adoption process, and the general path to commercial viability, have been longer than we originally anticipated. Because of the above, and because of other potential strategic investments and opportunities, we are filing this Form S-3 to provide us with funding flexibility as we move to meet our business goals.
My only concern is which part of history will repeat itself next?
When I was your age, the craze was nuclear proof bomb shelters.
LOL, maybe we can sue them for improper warning labels regarding the drug addictive nature of the ANX shares in violation of FDA regs!!!!!!
Right now I would say it is fairly valued, which means it can go up or down from here with ease, based on the next round of news being good or bad. Long term it may be a buy here. If it goes lower, it would be an even better buy.
Only thing in question that I see is how much debt they will be left with after all the changes this summer.