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http://jcwinnie.biz/wordpress/?p=2347
Interesting info on bicycle regenerative breaking electric motors for hybrid E-bikes
I hate it when non technical people interview non technical people and print poorly worded (at best) near garbage to garbage information about chemical processes. Hazmat news people are the worst.
There are some very poorly worded quotes (the grammar is terrible) and statements in that article. This is but one example of the garbage quotes: "Chemical catalysts are also readily available and inexpensive, said Elton."
Give me a break please!
I doubt Elton said that exactly that way, if he did, we need a new CEO.
Here is another poorly worded one:
"In December the company had an exclusinve licensing deal with the University of Saskatchewan (UOS) in Canada, which Elton said..."
This author can not spell! Note the word "had" that she used? Does that imply CABN no longer has it? The quotes down lower say CABN still Has it (so not "HAD").
But thanks for posting it, as it does shed some light on the past and plans (or lack thereof) for the prior tech projects at CABN.
This caught my eye at the end!
"plan is to select one or more commercial development partners by the end of the year."
I think folks here are over estimating the time delay from flooding.
Here is an article from last year about site work delays due to flooding last year at the BP#1 well site:
http://www.prnewswire.com/news-releases/mainland-resources-update-on-spudding-burkley-phillips-no-1-well-mississippi-97058934.html
HOUSTON, June 24 /PRNewswire-FirstCall/ -- Mainland Resources, Inc. (the "Company" or "Mainland") (OTC Bulletin Board: MNLU, Frankfurt: 5MN) is pleased to announce the following update on progress of the Burkley-Phillips No. 1 well on the Buena Vista Prospect in Mississippi:
To date, twelve (12) miles of road and drill site location have sufficiently dried after late and abnormal rains and flooding in the area from the runoff of the nearby Mississippi River. The location contractor (Boots Smith) has started work by adding gravel, where necessary, over the road to the well location. A bulldozer was also moved in on June 23, 2010 in final preparation of the well pad site.
Rapad Drilling (Jackson, Mississippi) is prepared to move in their Rig # 34, and Mainland intends to spud the well as soon as the work on the location and road is complete. The current anticipated spud date is between July 7 and July 15, 2010.
The Company's working interest in the Burkley-Phillips No. 1 well is 72%. Mainland will fund 90% of the well costs to earn its 72% interest in the well. Guggenheim Energy Opportunities Fund will fund 10% of the well costs in order to earn an 8% working interest in the well.
Upon successful completion of Mainland's previously announced proposed merger with American Exploration Corp, Mainland will have a 92% working interest in the well, while Guggenheim will have an 8% working interest in the well.
The estimated dry hole cost is $8.65 million. These funds have been escrowed by Mainland and Guggenheim. The total estimated cost to complete the well is $4.9 million for a total drilled and completed well cost of $13.55 million.
Mainland currently holds interests in excess of 17,500 acres in the Buena Vista Prospect and intends to acquire additional acreage. In the event the Burkley-Phillips No. 1 well is successful, there is potential for more than 220 net drilling locations using 80 acre spacing per well covering the 17,500 acres.
Mainland was able to obtain the drill cuttings from a well drilled by Chevron in 1981, which Mainland is offsetting with the Burkley-Phillips No. 1 well.
Since the market need for MVTG technology is mitigation of CO2 GHG emissions, this article seems pertinent:
I am no expert on the flooding there, but I seem to recall reading that it was a seasonal event.... and this current flood IIRC, is early this year, and so the question I have, is since it was early, and a 50-100 year record flood, will it also end early, and dry out early. I other words did it come too early and fast, to last the entire season?
This is an article worth reading if you are on either side of this (ABAT) or similar China asset based stocks.
http://www.thestreet.com/story/11109491/1/china-stocks-trading-halts-pinch-investors.html?puc=tscbenzinga&cm_ven=tscbenzinga
This comment is especially note worthy, for anyone using margin.
I just got the E-version of the proxy for the stockholders meeting from my broker.
I voted online, and voted AGAINST all the proposals except for the independent accounting firm election.
I voted against ALL the pending dilutions games to send them a message!!!! I suggest all the retail stock holders do the same.
NO MORE DILUTION! No R/S, NO Raising the Available shares from 250 to 500 million on top of a 10:1 R/S split option
Enough, is enough!!!
It is time for top management to drop their salaries to $1/year, until they turn a profit (Like Lee Iacocca did), and stop screwing over stock holders to line their own pockets!
This author says MVTG is on the right track!!!
http://www.globalccsinstitute.com/community/blogs/authors/petergrubnic/2011/05/06/co2-reuse-captures-public-imagination
New article out saying CO2 conversion to solid/liquid products is the way to go:
http://www.globalccsinstitute.com/community/blogs/authors/petergrubnic/2011/05/06/co2-reuse-captures-public-imagination
I am ready to pull the trigger on buy #2 myself. Just waiting for signs of the next bottom. This mornings low is tempting. I think we are in uncharted water here chart wise?
Compare ABAT stats to CBAK, price per share, cash on hand, earnings, to see how cheap ABAT is!!!
Right now the strong hands are buying falling knives while the price chasers jump ship. My guess is that shorts will cover soon, before it gets under $1, to keep margin requirements low.
Buy the rumor, sell the news. The entire China stock sector is under attack in the US markets. CGYV already peaked based on the updating/corrections of 2 years of financials here, in combination with all the new order news, it was a buy the rumor, sell the news deal. The Financials have not shown any profits the last 2 + years, so even though they are updated now, the contents stalled the rally, so now the day traders are slowing sell out after all the good new orders news has failed to move the price higher (for now), and volume is falling.
It will be a rock bottom buy again this summer to fall I think, as the 3-4th quarters are likely to show nice profits finally, when they are reported. It was already up 400% from last years lows, now it is correcting to test for a new bottom.
I bought a little at $2.05, and I am waiting for the bottom to add more as more sell and jump ship.
I am in this one for the long haul, however long it takes. I do not believe the VV short attack claims are true.
If someone is selling $ bills for 50 cents, do you buy at 50 cents and then sell at 25 cents, or do you buy more at .25?
Me, I buy more. But I also spread my risk over about 30 stocks, and always keep dry powder on hand.
I am waiting to see how low it goes, but if it gets any where near $1, I will double down.
2009 taught me that value and price in this market are moving targets. Right now this one looks like a major serious bargain.
The snow cones are working today. They must be using Koolaid on them!
LOL
Looks like COIN has made some nice improvements to their web site.
http://www.convertedorganics.com/
New all time high today I think?
I have my own heartbreak loss scars as well. Public Service New Hampshire for one, from the 1980's. I bought it at $2/share when book value was $25/share. Gov Ducaucus (sp?) in the neighboring state (Mass) would not sign off on the nuclear power plant safety plans for the new $3 billion dollar nuclear plant in NH, and they lost money to depreciation for 18 months while the battle went on and on, and PSNH never was allowed to turn on the plant, and finally a NJ power company took them over for about .10/share. I kept thinking the Feds would step in stop the madness, and override the Mass Governor, but no. Wallstreet thieves at their best!!!
Lesson was that nothing is a sure thing!
I looked at the financials today. Somebody was asking how they were going to pay for the 83 million dollar construction of the new battery plant. Last quarterly report shows they have 111 million dollars in cash. I guess that answers that question, and fear of dilution issue!!!
Stock holder equity is 205 million dollars, divided by 76.4 million shares. And working capital is 131 million dollars. Right now this stock is selling for cash in the bank per share!!!
I will be waiting for .02/share pre R/S, or .80/share after the R/S to add shares, which ever comes first, and signs of life still in it at that time!!!!
It is interesting how much support the share price has shown lately. Signs that strong hands are holding it from going lower, for now. But there are so many shares out there now, I don't see much upside potential from here (even with good news), until after the R/S and the short seller attack that always follows a R/S!
For those asking questions today, please read up here as what you asking for is on their web site, and much more!!!!
http://www.mainlandresources.com/index.php?option=com_content&view=article&id=50&Itemid=57
http://www.mainlandresources.com/index.php?option=com_content&view=article&id=57&Itemid=63
Industry Partners:
http://www.mainlandresources.com/index.php?option=com_content&view=article&id=68&Itemid=78
And as I recall, the Louisiana property has known reserves that set a book value for MNLU at about .70/share, even if we valued the BV project at zero (which is likely to valued at over $5/share by year end). So buying shares here IMHO is like buying cash a 70% discount IMHO.
http://www.mainlandresources.com/index.php?option=com_content&view=article&id=59&Itemid=66
Is a map.
And here is great resource to learn more. Some our best data has come from here, like permit report DD reports from folks here that are on that the site below all time:
http://www.oilshalegas.com/haynesvilleshalestocks.htmlhttp://www.oilshalegas.com/haynesvilleshalestocks.html
http://www.ibtimes.com/articles/115541/20110223/mainland-resources-inc-mnlu-ob-secures-30-year-industry-veteran-and-renowned-fracking-expert-stephen.htm
Shorts did not have much luck here today, even on a nasty market wide sell off day today, and we did not make a new low. Prior low of $1.19 is still holding, and volume (selling pressure) has fallen. For selling volume to fall on a day like today, is bad news for the shorts I think. At least for the short (short) term (LOL).
Shorts would have been smart to cover today, but they did not:
http://shortsqueeze.com/?symbol=yrcw&submit=Short+Quote%99
I think we will trade between $1 and $2 for a while now. Next is quarterly earnings.
Actually I don't care if Larry gives away the kitchen sink. They are cheap! I am on board because I know he will not give way the RANCH!!!!
LOL.
I am watching the rising support line coming up from below and the true value of buying, or holding here. We have had a long series of higher lows on the weekly and monthly charts. And it looks to me like we are breaking out higher from a long term triangle formation on the charts!
I am still very long on this stock in spite of short sellers and day traders!
I have been accumulating shares in AEXP (MNLU is buying AEXP), and MNLU for at least 18 months now, at prices from .32 to over $2 for MNLU (.08 to .64 for AEXP). MNLU will back up well over $2 by year end.
We have about a dozen oil and gas guys here in this board that have been posting all that stuff for the last 6-9 months here. It is all here in old posts. A lot of that info is in their SEC reports as well.
I take you have not looked at their web site either?
http://www.mainlandresources.com/index.php?option=com_content&view=article&id=48&Itemid=55
Also see this page:
http://www.mainlandresources.com/index.php?option=com_content&view=article&id=91:news-release-04-13-2011&catid=46
and the SEC:
http://www.mainlandresources.com/index.php?option=com_newsfeeds&view=newsfeed&id=15&Itemid=68
And keep in mind we are merging with AEXP. MNLU is buying AEXP in a 4:1 share swap, no cash.
Well I see most of the posters are not biting or nibbling at R/S bait. I am a bit of a contrarian thinker while I read, so let me take the other side of the debate for the moment. But first, let me say, my first thought was this is a ploy to reset the clock and bleed the believers for another year or two while they burn more cash doing R&D and praying for a breakthrough.
So, are we missing something? Maybe. Up listing takes time and money. It takes money, lots of it, and it takes equity. It does not take revenues or profits, just a big bunch of real equity.
So I will ask these questions.
Is somebody about to drop >$20 million dollars into the company, and are they insisting on a R/S first and then major dilution (like 50-80% ?) to add the cash, to fund a commercial field trial, pilot plant?
Are they planning ahead, and getting ready in case the current lab trials work and do they have the investor(s) with the big bucks ready to pull the trigger once the tests are done with positive results?
I think with all the PR they did, they just might!
Timeline is still foggy, but I doubt anything serious will be completed before the 4th quarter of this year, at the earliest. That does not mean the price will not rally a few times this year on news. I just don't see an uplisting getting completed before year end. It might get under way this year.
The key requirement is that it not be obvious, and that it be new and novel. If it claims perpetual motion (obvious perpetual motion) they will ask you to prove it can be done, which might require a working example or some other proof.
Nest target is $1.25, then the prior low of $1.19. Then $1.00 if $1.19 does not hold, IMHO. I am holding as the volume is not showing signs of a panic sell off crash.
This may be the real reason trading was halted, or the rest of the story that NASDAQ asked for more info on?
If it trades again (soon, or ever), this news would clobber the stock price, as it will be some time before they can hire a new firm, and get any kind of reliable data reported. New reports will be late now, and restatements of prior reports will take a very long time, and a long term audit to do the restatements will hurt the stock if it trades before the reports are filled.
Chalk up one for the early shorts, who got out early.
Nice to hear, thanks! I am still long here.
That data may be correct because they have down sized and closed less profitable and mostly unprofitable operations, to get back to a profitable company. Trimming the trees so to speak.
They may be down for the count, but not out. I was pleasantly surprised to see the higher low today. Not nearly as much as fear and panic selling as last time. We just may get a wave of buying from overnighters at the open sending shorts back to the buy booth.
$2 tomorrow? Unless people missed the news friday night, and the after hours sell off friday night, and they will sell at the open tomorrow because of today's sell off. Some people do only watch the closing prices.
If we go lower tomorrow at the open, I will be nibbling at the bait a little more! I will pass on the Barf bag Bob, but thanks for the warning, LOL!!!!
You need to read up on the history of this one, for the last 2 years. This is a sort of wild cat exploration firm. Their last one payed off 28 million dollars last year, which was used to pay of all debt. The remaining 15 million was used to buy up leases and drill the new well to about 22,000 feet. A very expensive well to drill, in a location where the NG pressure is about 22,000 PSI at very high temperatures. Chevron drilled there in 1981, but closed the well fearing a blow out, as they did not have the technology for the high heat and pressure back then. MNLU got the 1981 well data from Chevron, bought up a huge area of leases (and AEXP, our pending merger partner) and now own a huge area around the new well. The well logging has already confirmed a $2 billion dollar find, but it seems most investors want to see actual production numbers, or least the well completion under way and funded.
The current focus is on completing the BV well (fracking the vertical well in about 10-12 weeks) and completing the well and proving the reserves with production from that well. Current data shows the well, and local leases to be worth about 2 billion dollars. But right now we are in a holding pattern while the work site is flooded by seasonal Miss river floods.
The reason the stock is once again ultra cheap, is the low cash (and obvious concerns it raises) and the known wait ahead of us during flood season, and jitters about how they will pay for the next apx $8 million dollar completion costs.
I do not expect the merger to be completed for at least 10 weeks or more. Still waiting on SEC red tape before a prospectus can even be mailed.
History, and my recent conversations with MNLU suggest to me that they will complete the well with debt like they did the prior projects. Guggenheim is a 10% cost/8% revenue partner in the BV well!!! They have plenty of cash, and funded MNLU in prior projects with a 40 million dollar line of credit (last 2 years) with out stock dilution. They don't seem to have any problem borrowing cash to finish up the project, at which point we expect they will sell a stake in the leases or sell it all for huge pile of cash in the billions of USDs.
Heads up! Volume was 2000 shares today on AEXP, in the last 15 minutes progressively larger share lost were taken at the bid... either sold and dumped or MM's tripped stop loss orders to buy cheap at the close, in which case they expect news tonight or tomorrow!!!! The bid held at .085 on a 137,000 share run!
Any links to the story handy?
Seems odd that they would bail out based on the financials, profits, reports? Only the stock (like so many China stocks) suffered from what I see so far. What am I missing?
It has held up better than I expected today. The prior low has not been breached. Today's low, is a higher low than the prior low, so this may have bottomed, for now at least, till we get the quarterly report.
That even caught me by surprise!!!!! WOW!!!! Message for the shorts:
"There will be no mercy"
LOL
And they expect to have it fully operational by Oct this year!!!!
Zen, welcome to the group here. Nice to see another environmental expert here. I have been a self employed Enviro-chemical engineering consultant since the mid 80's, and I have been there!!!
Now on to my next topic, which I hope I only need to post once here!
I am the assistant Mod here, and I will not put up with the ongoing recent wondering off topic any longer, especially into heated mud throwing attacks on each other based on politics.
Politics always starts fights, and any discussion of politics here will be closely monitored, and deleted if it gets inflammatory, personal, and off topic (in other words it violates the Ihub posting policy).
I understand that a little politics as pertains to drilling permits in the industry is not totally off topic, but if you most post on related topics like the environment, GHG issue, and for sure anything to do with politics and how it relates to MNLU's future Drilling ppermits, possible frac regs slowing down exploration, legal risks of fracking), either do not post it, or post it in such a way that it is not inflammatory, and if you respond to such a post, keep it civil and on focus. The focus here is MNLU, not the coming election, politics or religion, or Osama Ben dead or how you feel about this or that politician!!!!
There are other boards here for casual chat on other topics.
This has, until recently, been one of the Ihub boards on Ihub. I intend to try and keep it that way.
Thanks!
They sunk about 40 million into marketing and equipment (first plant) in the original plant, with debt & equity, which they abandoned last year, because they never got close to a break even on that plant. They gave up the plant and a bunch of stock to walk away from the debt and license fees(avoiding BK in the process IMHO), then they took on some toxic financing to put cash back in. They kept the waste water div, the California Gonzales plant which has been profitable on sales versus cost of production (before interest, admin costs and marketing costs), and the Terra div they took over in the merger late last year.
I am still holding my Coin and COINW warrants here, but I can not say I have any love for this stock. Watching the .20 price for continued support?
New here. What was the deal with all the resignations of officers, director, and accounting about that I assume crashed the price to begin with?
http://www.fixyou.co.uk/tracker_details.php?s=CNOA.PK
This is what CBEH needs to do. DEER is showing the way:
This is huge news!!!!!
http://ih.advfn.com/p.php?pid=nmona&article=47487382&symbol=DEER
This is huge news!!!!!
http://ih.advfn.com/p.php?pid=nmona&article=47487382&symbol=DEER