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OK, I will take your word that you are not a basher, for now.
If you are going to invest in stocks, you need to learn to read PRs with a grain of salt. Look for exactly what they say, and what they do not say. Most marketing of all kinds be it selling houses, insurance, cheap loans, new cars, used cars, and so on are chuck full of wording, phrases, and phrase structures, that say absolutely nothing while letting suckers read what THEY want to read into the document they are reading. When people want to well something, they rarely tell you why you should not buy it, they point out the nice pretty shinny freshly waxed paint job. They do not show the worn out engine parts hiding inside the engine block.
So let us start with your post of:
"8/4/2010 / Impact Fusion International Announces $100,000 Order for All Natural Mastic-Blast(TM) Energy Shots "
Ask your self, does it say who placed the order? Does it say who received the order? The answer is no. I suspect it means they, IFUS, ordered $100,000 of retail inventory, at a cost of $5,000 (based on the 95% profit margin on cost of goods I see in the last 10-Q data). Note that it does not say they SOLD anything, does not say who "ordered the "ORDER", nor who received the order, nor that the order was even even accepted by anyone.
Now on to this one:
"8/03/2010 / Impact Fusion International Inc. (PINKSHEETS: IFUS) announced today that it has an agreement with a beverage consulting group who will be responsible for marketing and distribution of Mastic Blast™ Energy Shots through Mastic Blast™ Beverages Inc."
All that says is that IFUS has an agreement, and that the party that they have the agreement with will be responsible for marketing and distribution. BFD! I had an agreement with my kids this morning that they would clean up their rooms. Unfortunately I forgot the deadline, and penalty for failure! LOL.
"The Company has already received deposits against the first order which will be shipped within 90 days. The agreement requires that the consultants set up distribution channels throughout the Continental United States and Canada. "
That just says it will be 90 days after 8/3/10 (so 11/3/10 apx), before the first order is shipped. Does it say how much the deposit was? NO!, Does it say how much the FIRST order was? NO! Does it say how many ORDERS there were? NO!, does it say who will ship the order and who will receive it? NO! Does it even say what the order was for, or if it is the raw material or the wholesaler that packages the magic goodie ingredients in the pills, or the packager that packager that puts the pills in the bottle and labels the bottle or the end product shipping to a reseller, or to IFUS? NO!
Now does this mean these guys are crooks, are just good PR writers, or maybe both? All I know for sure is they are fully compliant with regulatory reports (a big plus in the penny world), they have a very nice web site now (the first website was terrible when I bought my first lot of shares) so I have seen significant real improvements there. They have a large profit margin retail versus cost of goods sold, a real utility patent application on file in the USA, WPTO, and the Euro zone, regional application is available on line now. And the current market cap is way too low, and the float is very low, which tells me this stock is oversold at this price, until something changes.
I go by my DD of looking under the rug, the 10-Qs, the progress in the 10-Qs, the web site progress, the fact that the patent applications exist, are verifiable, are not design patent aps but are utility patent applications, the products actually existing and real sales started and growing. And signs from the PRs that they are actively promoting sales of not just the shares of stock, but the MB products.
I also like the recent chart action! A solid long term base has formed, and I see no signs of hoards of new shares dumped in the recent PRs. I see just enough here that I am holding my longs at least for the next one or two 10-Qs.
"I'll put down the carrot if you put down the bat"
LOL!
I love it!! I needed a good chuckle, thanks!
We made it back to dollar land. Short squeeze under way also, 11.1 days was needed to cover shorts, so if they did not already cover during the day today, they are toast!
http://shortsqueeze.com/?symbol=cytr&submit=Short+Quote%99
"The perpetrators of this scheme, who already have an established position in the company's stock, sell their positions after the hype has led to a higher share price. This practice is illegal based on securities law and can lead to heavy fines."
I have not sold a single share yet. My first lot buy is down 98%. I am still long, and averaged down at just under .01/share. I am not going anywhere. Still long. Read my earlier posts. Real company, real products. A scam is when there is no real product, and no real company, and no SEC reports. IFUS is up to date on all their SEC reports, has real products, has sales, and the stock is actually going back as you try to talk it down.
Losses during a start up phase is not a scam!
Jedi mind tricks, LOL. I have an idea, you buy, wait, then I will buy at lower prices. Then you sell, I will wait and then sell at higher prices. Then we split the money, LOL. I sold CACB at what I was sure was a top- massive share sell order wall. Today it has been up another 20%.
I am still long HTM.
MM's are slowly restocking IMHO. I have tried everything under the sun for 2 weeks now to buy them at .111 to .115, but MM's wont let me have any, and .13 is lowest order they will fill it seems. They are keeping the spread wide to kill it too, it seems. They may be walking the bid down in the morning to trip stop loss order sells, to grab them up from weak foolish hands.
Some thing odd and curious in the one minute charts on COIN. I see three large share dumps each in the 1 million share range in the last 5 days (one today, one yesterday, and another 4-5 days ago), each was sold all at once at market just as the price had rallied and was about to break out and run higher. I also see nearly 2 million shares short in last nights close report:
http://shortsqueeze.com/?symbol=coin&submit=Short+Quote%99
Either some one is selling their shares in an insane manner (all at once), or they are shorting it at highs (MM's perhaps). The MM's may also be walking the stock down real fast to take out all the stop loss orders, buy them all in one minute, and then walk the bid/ask back up to redistribute the cheap shares. We did make a new all time, and 52 week low in today's one minute share dump! At about .34/share. No one that wants to get max value in selling shares sells 750,000 shares (nearly a days average volume) in one minute, unless they want to push the price down! That said for the price to hold and only drop .02/share says there is a whole lot of support at this level!!! If the share selling volume dries up and people with weak hands (using stop losses) have run their course, and the 2 million short shares is right (or even higher now) we could get a good rally going here now.
I am still long COIN & COINW, and COINW warrants are flat lined.
What SEC info on conv?
Why would any one give up preferred stock with div for common? Or is TARP money preferreds being converted to common for retail sale?
If the market crashes the rest won't matter. Shares do not expire. Right now there are large number of shares that are restricted from retail sale. That will change in about 6 months. So we have a window of opportunity here for the stock to rally on any good news, like new orders for the Tera division. We should also see a huge drop in losses in the next quarter, to about 1% of prior quarters losses IMHO. If Tera closes another order, (or already did this quarter?) we could see our first operating profit for a quarter. We could also see an order for the waste water division. I don't expect fertilizer sales in that division to carry to company by itself to break even status or a profit until possible the May 2011 10-Q for the first quarter. But COIN has been good about doing early PRs on good news!!!! Like big orders. The news that Walmart started selling their fertilizer earlier this year sent the stock price soaring.
I finally got the chance to review the 2 latest SEC reports. I think part of the reason for the low, lack of a rally, other than the market wide sell off itself (which is good reason by itself), is the 3rd quarter loss they reported due to restructuring (and asset reduction of about the same amount), of 22 million dollars. To those who don't know the whole story, that was surely enough reason to sell or not buy. The other part of the story is the question of what did COIN give up to terminate the NJ bonds debt of 17.5 million dollars (plus interest). The answer was convertible preferred shares. Here is passage from the recent SEC document:
"NOTE 12 — SUBSEQUENT EVENTS
WOODBRIDGE TRANSACTION
On October 18, 2010, Converted Organics Inc. entered into an Exchange Agreement (the “Exchange Agreement”) with the sole Bond Holder of $17,500,000 New Jersey Economic Development Authority Bonds (the “Bonds”) that were issued on behalf of Woodbridge. Pursuant to the Exchange Agreement, the Bond Holder agreed to exchange: (i) the Bonds (which represented 100% of all Bonds), and (ii) class B warrants to purchase 2,284,409 shares the Company’s common stock (the “Class B Warrants”) for 17,500 shares of the Company’s newly authorized 1% Series A Convertible Preferred Stock (the “Series A Preferred Stock”). In addition, the Bond Holder agreed to waive all interest accrued and unpaid from February 1, 2010 until the date of the Exchange Agreement on the Bonds, and agreed to transfer to the Company approximately $600,000 that the Company had previously deposited into certain reserve accounts in connection with the Bonds.
The Series A Preferred Stock is convertible into the number of shares of Common Stock equal to (1) the stated value of the share ($1,000), divided by (2) $0.543 (the “Conversion Price”). Holders of the Series A Preferred are entitled to receive cumulative dividends at the rate per share (as a percentage of the stated value per share) of 1% per annum (subject to increase in certain circumstances), payable annually and on each conversion date. The dividends are payable, during the first three years after issuance, at the election of the Company, and thereafter, at the election of the holder, in cash or in shares of Company common stock valued at the Conversion Price (or in some combination thereof).
On October 18, 2010, the Company and the Woodbridge Facility’s landlord (“Lessor”) entered into a Termination and Surrender Agreement (“Termination Agreement”) related to the termination of the Woodbridge Facility lease. Under the lease, there were approximately $9.1 million of future rental payments. In addition, the Lessor asserted claims for (i) unpaid sewer and trash removal charges; (ii) unpaid rent due Lessor for prior periods; (iii) certain costs and expenses incurred by Lessor in connection with certain litigation; (iv) damages that may result from the condition of the premises at the time of surrender; and (v) the required removal and disposal of abandoned inventory and materials totaling approximately $1,500,000. Pursuant to the Termination Agreement, the Lessor and the Company agreed to terminate the lease surrendering the premises and transferring all equipment, tools and fixtures owned by the Company and presently located at the premises. Pursuant to the terms of the Termination Agreement, the Company agreed to issue the Lessor a total of 892,857 shares of Company common stock valued at $0.56 per share. In addition, the Company has deposits totaling $415,000 with the Lessor which will not be returned to the Company.
On October 18, 2010, the Superior Court of the State of California for the County of Los Angeles entered an Order in the matter entitled American Capital Management, LLC (“ACM”) v. Converted Organics Inc. and Converted Organics of Woodbridge, LLC and Does 1-10 Inclusive (the “Order”). The Order provides for the full and final settlement of $11.3 million of claims against the Company held by ACM. The claims include the future rental payments discussed above, which were acquired by ACM from the Lessor, as well as the acquisition of approximately $1.7 million of promissory notes issued by the Company to four contractors that had provided services to the Woodbridge Facility. ACM purchased the claims from these parties pursuant to separate claims purchase agreements. Pursuant to the terms of the Order, the Company agreed to issue to ACM a total of 20,726,980 shares of Company common stock valued at $0.543 per share in full and final settlement of the claims."
-------------------------------------------------
So for now, the float of retail common shares, and OS of common shares has not changed YET). NJ is now on the hook with 17.5 million dollars plus interest tied up convertible preferred shares of COIN, and the Woodbridge facilty black hole is gone. And two mutual funds bought 600,000 of preferred shares as well (see my earlier post,on 2 Oppenheimer funds investment in COIN).
My read on this is that the NJ industrial bonds were converted in essence at a value of .543/common share but are a separate class of convertible preferred share initially valued at .543 per common share. So they invested as if they had just bought $17.5 million dollars of COIN common shares at .543/share, but they are not marketable common shares (YET), and may never be converted. Also the preferred shares are only paying 1% interest on the 17.5 million dollar face value of the preferred shares ( a 90% interest discount IIRC, the old rate was 10%-??? that needs to be verified), and there is no longer a 17.5 million dollar debt for the bonds to be paid off.
Also the other issue was settled with ACM with 20 million shares at .543, which I do not believe are resalable until registered???? They do not indicate if those shares have even been issued yet? But I would think they would try to get .543/share for those shares when and if they can and do sell them (ACM).
This is one of the fastest moving card games of high finance I ever seen. I am still long for now. For now this looks like a good buy, but I would be careful in the future to watch out for large numbers of shares reaching the end of their restriction period, and being sold into any real rallies on real good news.
GLTA
Further signs of the screws being tightened, and battening of the hatches in China regarding serious CO2 emissions reductions, that also may be bullish on some commodities and commodity stocks, as well as bullish for MVTG in today's news!
http://ih.advfn.com/p.php?pid=nmona&article=45279340&symbol=AA
In spite of inflation problems already in China, they are continuing to follow the plan for 40% reduction in CO2 emissions in China by 2020, that is only 9 years out FOLKS!!!!! This is going to have huge, massive repercusions in major markets as evidenced by this news on Aluminum today, and may quickly solve the FED's current fear of deflation.
I just happen to be long on AA, as well as long MVTG (and CABN as most here already know). I can't wait news of of a 10,000 unit CO2 to Formic acid unit order from China in about 1 year to hit the news here!
GO MVTG!
This could be very bullish news here!
http://ih.advfn.com/p.php?pid=nmona&article=45279340&symbol=AA
Dec is the current deadline, but the prospectus must be mailed to both company investors, and the deal voted on first. Since we don't have the prospectus yet, I expect a new merger deadline to be posted at the SEC in December.
It will trade higher very soon. Good buy in at .11 to .115 if the MM's will let you have them, but I have been unable to get any that cheap in 2 weeks now. It has already had 2 great run ups the last 3 months. But if you are thinking it is way undervalued, you are right. Look at CABN's market cap, and compare that to MVTG, and MVTG is 2 steps ahead of CABN with 2 pilot plant JV deals signed sealed and delivered in the last 12 weeks. I now have 20% of my IRA parked in this puppy for the looongggg haul, and trying to add at .115 to .11 for >2 weeks, but MM's will not fill my orders. Tells me they are accumulating shares at .11 to .115 for themselves big time at anything under .13 on this one, as all the volume the last 2 weeks has been at the MM's bid of .11 to .115, and I mean like 95% of the volume!!!!!!! I think they are expecting more major news. Also CABN has a quite phone conference call tomorrow, and the chart for the last 3 days on CABN is very telling that MM's expect it to rally tomorrow, otherwise they would not have pushed the price down 2 days ago by 25%, one hour before the email went out about tomorrows conference call, and then run it back up 40% in 48 hours.
I am long both MVTG and CABN.
Am I the only one that rode CACB to glory today?
FWIW, after the reverse split, the non insider float on CACB will be under 300,000 shares by my count. They are taking the OS down to 2.85 million after the R/S. 90% diltution with the new shares first at .40, then a 10?1 reverse split taking the share count back to near where it was. Shorts are getting killed there today, as I suggested recently.
Todays' volume is only enough to cover half the shares that were short yesterday:
http://shortsqueeze.com/?symbol=cacb&submit=Short+Quote%99
Am I the only one that rode CACB to glory today?
FWIW, after the reverse split, the non insider float on CACB will be under 300,000 shares by my count. They are taking the OS down to 2.85 million after the R/S. 90% diltution with the new shares first at .40, then a 10?1 reverse split taking the share count back to near where it was. Shorts are getting killed there today, as I suggested recently.
Todays' volume is only enough to cover half the shares that were short yesterday:
http://shortsqueeze.com/?symbol=cacb&submit=Short+Quote%99
Hmm, we just made a new all time low under .36, I seeing .355 now, not a good sign at all, but oddly somebody 1500 shares of COINW which is up 10% this morning. Not enough COINW volume to mean anything, but it is not sell off, just the shares. I should probably sell the shares I bought .366 yesterday since the .36x bottom did not hold, but you may be right, this may be the final sell off of prop 19 news, and day traders that were hoping for unexpected news. Sounds the conference was not news, just an op to ask questions about the earlier news this week. It may also be a sell the news (buy the rumor?). I am going to watch for a panic sell off, buy op at newer lows, and hold what I have for now.
What else did they say in the phone conference?
Maybe it is what they did not say that still has people selling, or fear of a down market phase now, or yesterdays sell off put in overnight sell orders?
I noticed the ask was walked up to .09 during the day today, about the same time MNLU rallied back up 10%, from the low to .33 mid day (IIRC)!!!!! During the market crash!!!! I think the ask had been .07 for some time. Anyway it is the ask move up that caught my eye, that I was referring to for AEXP.
.09x4= .36/share MNLU
News is out that the deal is done, new capital going into CACB regional bank!!!!! Now I know why CACB and CASB were up all day, while most everything else under the sun took a dump.
http://ih.advfn.com/p.php?pid=nmona&article=45270296&symbol=CACB
Now, the only question is will it sell off after the coming 10:1 R/S Nov 20, or hold and rally? My guess is if it sells off any, the new major owners will just grab the remaining shares from weak hands. IMHO, with all that fresh cash going in (about 90% new shares being issued at .40, then a 10:1 R/S, a $4/share price is like buying $4 cash at $4, with a bank attached.
I will probably wait a month, post R/S and add shares then, maybe in a Jan-Feb market sell off? Only question IMHO is when to add shares at what target price now.
Also, I think COIN bottomed today, triple 3 point bottom, 3 different days this year at .36x (10% loss at that price today), and with the news today suggests it is way oversold, after eliminating ALL of its debt, and getting rid of one loosing plant operation, and keeping the rest. Also the Tera merger was announced as final in the news today. It should finally show profits now. Instead of losing $5 million dollars a quarter! Footnote! Oppenheimer funds (2) bought $600,000 in preferred shares of COIN! It was in the PR today along with the 10-Q and post merger proforma 10-Q, which showed the elimination of all their long term debt( I forget the number, $24 million?) Any way it is in the news today!
http://ih.advfn.com/p.php?pid=nmona&article=45265931&symbol=COIN
Anyway, I added more COIN shares today at .36 for the long haul (Doubled my share position, and still holding COINW 2014 warrants).
The news is out, the deal is done!!!!
http://ih.advfn.com/p.php?pid=nmona&article=45270296&symbol=CACB
AEXP has firmed up solidly also. No more cheap discounts there lately. Both look like they are ready to run.
Nice to zero sales, zero panic selling, and all firm hands on deck holding long on a day like today when bodies are jumping out the windows for lack of exit doors elsewhere, in most other stocks. Good sign that we bottomed already.
I think we have seen the CABN lows this cycle already. It got back to .07 far too easy the last two days of market wide panic selling. Next move should be to .12 or higher on the phone conference news.
I just started buying more shares at .365, I think this just may be THE bottom for COIN, I like that news that Oppenheimer funds just bought $600,000 in preferred shares! And the HUGE reduction in debt to zero debt ( $43.6 million in debt and future costs eliminated!). If the markets get worse, and it goes lower I will add more. This is WAY oversold here IMHO.
Eco is long and adding here today!
I think somebody suggested it was more like a share transfer deal to pay for something, or to simply move the share assets. I forget the details of the theory. But the low price suggested it was not a real market sale. Go back and check posts here near that date for the answer somebody posted when I first asked about. I decided it was non event, and the share prices since then indicated it was a non event.
Scott Trade like Fidelity may be rounding up the posted number to 2 digits, I have that problem with Fidelity too. I got to Pink sheets OTCBB for accurate quotes, and even their tick is 20 minutes late, while their bid/ask is as near to level II as I have found. Also volume comes into play on order prices.
http://www.otcmarkets.com/stock/CYTR/quote
That said, the data on CYTR should be nasdaq, and should be pretty damn accurate?
Isn't there a 2 decimal digit price limit between .49 and .99?
CBAK looks like a buy here today. More good news just out today of an order for 100,000 UPS systems using CBAK's Li-Ion phosphate batteries instead of lead acid batteries!!!
Somebody agrees with you, this one just rallied into the green, at .05 now, when everyone else is jumping out the window. Sure looks like we have solid support here at the recently retested .04x lows
I am a little surprised, pleasantly surprised. Still long here. So much for the recent bashers trying to push it lower.
If I had the cash I would be adding COIN shares here. COINW is not budging, ask solid at .10 and no buyers or sellers, and bid on COINW is unchanged last 2 days at .08.... COIN looks to be making a triple bottom at .36 today, two prior .36 day bottoms this year, so it looks like strong support holding on a very bearish sell off day. I think the day traders are bailing out of COIN this morning since it did not rally from the conference call. For those thinking of buying COIN this is a good time to buy your first lot, since this bottom may hold, but save same cash to buy more with in case .36 support is lost.
So far I see nothing scary in the two reports today, but I have not found and read anything about debt retirement and its share cost? I missed the call too. Will check it out this week end on replay I guess.
OS is about 80 million shares, and cash about 20 million dollars in Round numbers), so CASH book value is about .25/share, not including the other assets, patents, grants, IP value and so on.
Price is not bad at this point.
10-Q was filled today.
OK, now I am thinking this mornings dump and grab of cheap shares was an MM perhaps lining up for a comining news rally? I just got this in an email.
All:
Here is the information necessary for accessing this Thursday’s conference call.
Phone Number: 218 339-4600
Access Code 719782#
Please check your local time zone differentials as I have only listed a few below. International attendees will need to compute the appropriate call times based on 4:00 PM Pacific time. 4:00 PM Pacific time is equivalent to the time in Los Angeles, California, USA.
See you there.
Yours,
Scott Rankin
Next Conference Call
Thursday, November 18th, 2010, 4:00 PM Pacific Time (7:00 PM ET, 6:00 PM CT, 5:00 PM MT)
Interesting how quickly and easily CABN rallied back up from a 25% drop and 200,000 share dump today!!!!
Where are you getting your bid/ask data from? I have seen issues with all the sources at various times, some are just absurd, but it is the data that is faulty most of the time.
I agree, but you and I don't count, LOL!
Not a quote, just means that what counts is the strong hands with FED dollars buying enough shares to push it up to $100/share. I don't have that kind of cash, so my opinion is just that, a nearly worthless opinion, LOL. But I am long, and happy about.
http://www.environmentalleader.com/2010/06/30/epa-finalizes-ghg-reporting-rules-for-four-emissions-sources/
GHG reporting and permitting is being ramped up in the USA!!!!!
The train is coming, one way or another, and it is picking up speed!
Cap and trade will soon follow, perhaps with out the tax provisions at first, but industry will want to bank and sell CO2 reductions that they invest in like they did in the past with SO2 emissions!
Think portable not stationary for the formic acid fuel cell, like the car in your driveway, and trucks, shop forklifts, buses and so on. Hybrids with a fuel cell, instead of a gasoline engine. Iceland is heading that way with methanol now.
http://www.environmentalleader.com/2010/06/30/epa-finalizes-ghg-reporting-rules-for-four-emissions-sources/
GHG reporting and permitting is being ramped up in the USA!!!!!