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The fact that they are having a 3rd quarter conference call scheduled so soon sounds bullish to me. Add in the recent insider buying over the counter shares at market, it sounds like less bad news at a minimum!!!!
Also the Outstanding shares is sitting at 12.x million shares, and the market cap is something silly now like 4 million dollars for a large billion dollar regional bank? The common stock equity is around $1/share after all the loan loss reserves!
I think CASB got overlooked, and clobbered by the summer sell off and now the mortgage foreclosure BS. I don't even thing CASB has much exposure to residential mortgages? Small business / commercial is more like it?
This regional bank has one of the lowest Issued shares numbers I have seen out of all the troubled regional banks. I suspect that even if they need to raise capital, they will find a way to push the stock price up first, before selling any shares.
FWIW, not that anybody cares, LOL, I bought more shares of CSAB for the long haul (years) today. I was seriously thinking about it and doing more updated DD, when I discovered insider buying the last 6 weeks at today's prices!!!!
http://eresearch.fidelity.com/eresearch/goto/evaluate/technicalAnalysis.jhtml?symbols=CASB
http://eresearch.fidelity.com/eresearch/goto/evaluate/technicalAnalysis.jhtml?symbols=CASB
FWIW, not that anybody cares, LOL, I bought more shares of CSAB for the long haul (years) today. I was seriously thinking about it and doing more updated DD, when I discovered insider buying the last 6 weeks at today's prices!!!!
http://eresearch.fidelity.com/eresearch/goto/evaluate/technicalAnalysis.jhtml?symbols=CASB
http://eresearch.fidelity.com/eresearch/goto/evaluate/technicalAnalysis.jhtml?symbols=CASB
25,000 shares just bought at .035!!!!! Somebody blinked!
No I have not talked to them. They should be able to make clear public statements via the SEC period.
Don't miss understand what I said. The actual issued shares is unchanged as I understand it. They did a forward split in 2008 and another in March 09, but had failed to file the proper paper work in the corporate by laws and State of Nevada records. They have now done that and notified the SEC that the corrected the oversight (I am not sure it was an oversight yet?).
The 2.1 billion shares is the new limit as to the number of shares AEXP could issue (19 X net increase via selling new shares in the future).But under terms of the merger they can not issue more shares, so it is a mute point once the merger is done, as AEXP will no longer exist.
So why, my question was, why bother raising the corporate limit on shares that can be issued, and make it so high, if the merger is a sure thing???? They raised it 20X more than they needed too to solve the SEC merger problem, unless they were advised to raise it now, just in case the merger failed (acts of God, and so on...lawyer like advise).
I call it a possible red flag?
Yes I agree, but why did AEXP raise the AS twice in two days, by a factor of 20X, to 2.1 billion shares in the corporate bylaws, if the merger is a sure thing? Just saying it worries me!!!
Two more strange SEC reports filed today by AEXP. One right after the other. Both fixing so called oversights of not properly filing forward stock splits in 08 and 09 with the state of Nevada, and not increasing the corporate shares allowed in the charter!
So they fixed both problems on Oct 7 and 8th, and they showed up today on my radar (SEC), and the AS, allowed shares is now 2.1 billion, not the previous <100,000,000 shares....but the rest of the two listed OS share stories on today's SEC fillings also do not add up, don't make sense.
I don't like the feel of these two reports or the price game the MM's started playing yesterday!
Why raise the AS to 2.1 billion just before a merger???
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7190969
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7190971
Does anyone have the OS number for AEXP that was used in the 4:1 stock swap agreement? I am wondering if it is accurate now? How does it compare to todays SEC revelations?
It looks to me like there must be an error in the OS listed on one of the new SEC reports, or else it is very poorly worded. Looks like they got data listed back wards on the two SEC documents.
Two more strange SEC reports filed today by AEXP. One right after the other. Both fixing so called oversights of not properly filing forward stock splits in 08 and 09 with the state of Nevada, and not increasing the corporate shares allowed in the charter!
So they fixed both problems on Oct 7 and 8th, and they showed up today on my radar (SEC), and the AS, allowed shares is now 2.1 billion, not the previous <100,000,000 shares....but the rest of the two listed OS share stories on today's SEC fillings also do not add up, don't make sense.
I don't like the feel of these two reports or the price game the MM's started playing yesterday!
Why raise the AS to 2.1 billion just before a merger???
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7190969
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7190971
Does anyone have the OS number for AEXP that was used in the 4:1 stock swap agreement? I am wondering if it is accurate now? How does it compare to todays SEC revelations?
It looks to me like there must be an error in the OS listed on one of the new SEC reports, or else it is very poorly worded. Looks like they got data listed back wards on the two SEC documents.
Nice rally today, up over 7%, chart looks great, 20 dma just crossed up over the 50 dma, next target looks like $1.00
Well we went up lot more than we corrected, and .50-.51 held as the panic selling peaked.
Good news, COINW closed up again today!!!!!! I find that quite encouraging as it rallied (or bottomed) a day or so before COIN started to rally several days ago!
Volume is way up on both. This rally may continue into next week.
And the rally continues like the energizer bunny!!!
? huh? You lost me on that math.
That is not his first post. He has been here a while too. I have seen most of my penny stocks show as 0.00 bid lately at Fidelity on line and in Fidelity Activity trader Pro. If it were not for OTCBB pink sheets showing bids and offers for MMs like NITE, I would have been on a pacemaker long ago!
Nothing has changed folks. Humans are still burning record amounts of HCs, pumping the atmosphere full of too much CO2.
MVTG has the only currently operating, real hardware system on the planet that converts CO2 into a useful liquid product! And the pilot plant has been ordered, cost $1 million dollars. This is the real McCoy people!!!!
The squeeze is now on to actually reduce CO2 emissions next year, 2011, 2 months away, in Europe, by law!!!
WOW, AEXP traded 110,000 shares of BLOCK volume today, most at the bid, near .08, so it is bringing up the rear 4x.08=.32 (MNLU). I have not seen that much AEXP volume since I can recall.And good volume I see here too!
110,000 shares of block volume traded today, mostly at the ASK!!!!!!
And we wonder how flash crashes happen? LOL. Thanks for the reply! Nice to know!!!! Fidelity had MHAN (a .02 to .04/share biotech stock) showing minimum bid of $1,000,000/share a few days ago. Fidelity's order system said I had to raise my bid to at at least $500,000/share that day. I called Fidelity and bitched, took 2 days to fix it!
I don't believe Nordic will go it alone. The ask prices have moved way up in the other MM's listed on OTCBB Pink sheets, now near .08, each. NITE is the only one left offering shares at .04, and no real selling. The average price today is higher than the past week. I see a mini rally at least the next few days. I can't even steel shares this week at .031!!! I TRIED!!!
The good news is that Nordic and MHAN have agreed to talk, and meeting before BOD meeting!!!!
Only place you can trust is OTCBB pink sheets, and it was down for a bit early this morning. E-trade and Fidelity data is worthless!
http://www.otcmarkets.com
I disagree, still. Still long, last sale was .04, and not me!
There is some strange BS going on right now with AEXP. Level II shows 4 MM's with 5000+ orders that have been there all day at a price higher than 2000 shares just traded for, at .06? Deliberate back door short IMHO, or a computer error, fat finger BS! Gotta love the OPEX effect too!
There is some strange BS going on right now with AEXP. Level II shows 4 MM's with 5000+ orders all day at a price higher than 2000 shares just traded for, at .06?
I wasn't attacking your early statement, mostly remembering and sharing an old funny story about how absolutes really are not absolute afterall, and how never and always just aren't reality.
I had a chemistry professor that said always and never are not in chemists dictionary. He said if you hit something with a big enough hammer, even non reactive inert elements will react.
I DID get your message that the price would be too high, LOL, thus it being highly unlikely, improbable to happen (sale of the company) any time soon.
I recall an old story. This guy saw an old car, antique he wanted to buy. He asked the owner how much he would sell for it. The owner said "It is not for sale". The other guy said would sell it for $1,000,000.00, the owner's answer was "hell yes". The other guy said, OK, we have settled the "is it for sale issue", now let's get down to the price!
LOL
I struggled with that and similar issues for years, till I ran into some very interesting Greek ethics, in a college ethics class, the "golden mean". Best example I can think of was that it is not the extremes that we really want, but the middle ground. We are use to thinking that courage and cowardice are the extremes, when in fact courage is the middle ground between foolhardiness (too much courage if you will), and cowardice, two vices. The curious, and disturbing part is that the virtue is a 50/50 blend of the 2 vices! LOL!!!
Here is a good discussion about it. Virtues, the Mean, Aristotle.
http://www.suite101.com/content/aristotles-golden-mean-a56759
The theory of the mean is one of Aristotle's best-known pieces of ethical thinking. It can be found in his book The Nicomachean Ethics. It is at once strikingly simple and fiendishly difficult. In a nutshell, Aristotle said that virtues are a point of moderation between two opposite vices. For instance, the virtue courage lies between the two vices of cowardice and recklessness. Recklessness is too much confidence and not enough fear, cowardice is too much fear and not enough confidence, courage is just the right amount of both.
This can be expanded to most virtues and vices. Some other means that Aristotle laid out were temperance (or self-control), which lies between self-indulgence and a lack of sensitivity to your own needs, and modesty which is between bashfulness and vanity.
In debate, or in a court trial, the best liar, or the most convincing liar wins! It is sad but true. The Democracy of Athens one day was convinced by an orator to vote yes to put Socrates to death. The day after he was executed and another orator convinced them to vote again, this time to rescind the order to execute Socrates. Unfortunately the second vote was too late for Socrates!
Kinda like the swings in the stock market, sell one day for no real good reason other than the mob is selling, buy the next day because the mob is buying! I was busy buying stocks at the lows this summer, including MVTG!!!! I never liked MOBS!!! LOL. Especially lynch MOBS!!!!
The fact of the matter is that we need to seek the golden mean, meaning we need to moderate our impact on nature any way we can. And reducing CO2 emissions (with MVTG technology) needs to be a big part of it. Over 1/2 of my investments (including MVTG) are invested in low impact, green technologies of one sort or another. Part of my investment in MVTG is NOT just to make money, to me, it is the RIGHT thing to do, IMHO.
Anyway, the trick is to ignore the conclusions being sold, dig through the BS and noise to gather facts from all the sides (there are frequently more than 2 sides!!!!), then draw ones own conclusion. I get paid to do exactly that, as a consultant.
GO MVTG!!!!
It was nice to see the price bounce up, with real good volume today indeed.
I just noticed that ANX also has an investor presentation tomorrow also!
I found the link here:
http://www.vcall.com/customevent/conferences/biotech/20101013/index.html
12:30 PM EST
One of my other longs is at 9:00 am, that is how I ran across ANX being at 12:30 Noon, EST
Somebody just pushed the price up to .799 today, Look at that spike!!! And only 230,000 shares traded today. There is not much resistance overhead!!!
Hey if they can toss around BS data like tossed salad, why can't I do the same. LOL. Turnabout is fair play, or so I hear, LOL.
FWIW that was my buy at the close to push it to .04
I was curious to see if it would trigger a sell to my volume orders down below, but no joy. On the other hand, I am rich tonight with my MHAN stash parked at .04, LOL! (or not as broke anyway, LOL)
No doubt they will make the tape at the open between .02 and .03 in the morning. Is today's conference presentation news the same conference call you mentioned last week, or is a different one?
Nice close on Coin and COINW! I own both!!! FWIW we moved above the 20 day moving average today and held between the 20 and 50 DMA. .60 is about the 50 DMA.
Fascinating battle at the close today. 33,000 of 33,700 shares traded at the close, nearly half at .24 buy, immediately followed by a bid whack back down to .20 for the close, both nearly the same volume. No doubt someone is trying to hold the price down. That TTEG loan conversion to stock at a 20 day average sounds like the likely suspect for sure! This puppy is going to go into orbit once they have finished marking the tape and the day the next major news comes out on the mergers.
Time for the afterburners, LOL!
All I can tell you is my average cost today is .05, and I am not selling. I am still buying at .261 and lower. Right now it is a crap shoot, LOL. I am still just sticking with my fundamentals that said it was undervalued at .065 way back when.
I guess if I were you I would try to buy half that amount at about .026-.030, but it is real hard to get any real volume bought at low prices (ask me how I know, LOL). I don't think they will sell 100,000 shares for less than .035-.04 this week, which I think is too risky now based on the recent history.
We have a real rally under way now. We have already taken out .50, and are up 12.5% on 1.35 million shares already!!!!!
I don't see obvious resistance till .60 next?
Go COIN!!!
I guess global warming is a fraud afterall (LOL):
New England sets new records in electricity use
2 minutes ago
(AP:HOLYOKE, Mass.) Despite the weak economy, electricity consumers in New England have set new records for power use.
ISO-New England, the Holyoke-based grid operator for the region, says peak demand hit record levels in May and September. The region also set an all-time record in electricity consumption for one month in July.
ISO-New England says July was the second-hottest July in New England since 1960 and New England's all-time electricity consumption for one month was recorded that month at 13,385 gigawatt hours.
The previous one-month consumption record was set in July 2006, with 13,365 gigawatt hours of electricity used.
Energy consumption in June, July and August totaled 36,863 gigawatt hours, ranking summer 2010 in third place behind summer 2005 and summer 2006.
Copyright 2010 The Associated Press.
Anyone here know what a feed back loop is? LOL.
Yep, bid is back at .03, and no sellers!!!! I have more MHAN shares now than I ever had. I stocked up early for Christmas!!! LOL.
Edit: Somebody just bought 8500 shares at .03, we are officially up 15% now
Another rally for COIN underway. Is something up?
In spite of COINS lack of a profit so far, here is a nice reminder of how huge the market is that they have their eyes set on:
Two teams try lining up Potash Corp bids: reports
REUTERS — 3:20 AM ET 10/11/10
By Sumeet Chatterjee and Saeed Azhar
MUMBAI/SINGAPORE (Reuters) - Rival bidders may be looking to derail BHP Billiton's $39 billion bid for Canada'sPotash Corp , with China's and a Canadian pension fund working on plans, according to newspaper reports.
Canada's Ontario Teachers Pension Plan is talking to Singapore investment fund Temasek about launching an offer for Potash Corp, possibly with Canadian miner Teck Resources
"Everybody is talking to everyone," said a person familiar with the situation who did not deny that Temasek had been approached.
Temasek declined to comment on the report on Monday.
Temasek was previously approached by China's to join a bid as it is wary of BHP taking control over 25 percent of the world's potash supplies, crucial for boosting food production to feed China's huge population.
Temasek has made no decision on those talks, the person familiar with the situation said.
In India, a newspaper reported on Monday that had approached Indian state-run miner NMDC Ltd to join a bid.
POLITICAL HURDLES
Roping in NMDC as a possible partner may help get over political hurdles in Canada against a Chinese company bidding for Potash Corp, the Economic Times newspaper said, quoting people familiar with the situation.
won't bid for Potash unless the Canadian government gives a positive signal that it would approve a deal led by the state-owned chemicals group, a person familiar with the matter said on Friday.
NMDC Chairman Rana Som denied the company was planning a joint bid with for Potash.
"There is no such proposal. In any case this is a very expensive property," Som told Reuters.
NMDC has recently outlined a plan to invest in the mining project of another Canadian company, Potash One, and in a rock-phosphate venture in Zimbabwe as part of its plan to expand into fertilizer, the Economic Times said.
A spokesman for declined to comment on the reports.
HURDLES FOR SINOCHEM
Potash Corp has rejected BHP's $130-a-share bid as too cheap, and has said it expects other investors to enter the fray. Potash Corp shares jumped 3.5 percent on Friday to $145.80, suggesting investors believe a higher offer will emerge.
British papers The Times and The Sunday Telegraph said Potash was considering defensive moves, which could include a break-up of the business to fend off BHP.
Both newspapers said one move Potash could make is to sell its nitrogen and phosphate operations and return up to $70 a share to its shareholders.
The Telegraph said Potash was talking to groups such as OTPP and others, which had received strong support from the Canadian government.
Ontario Teachers Pension Plan and Teck Resources (Symbol : TCK
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) were not available to comment on Sunday, but both have previously said they would not be interested in launching a bid for Potash Corp.
A Potash Corp spokesman in Melbourne declined to comment on the reports.
Investment bankers and lawyers have said it would be very difficult for to stitch together a bid without financial backing from Chinese sources and without reassurance from the Canadian government that a bid would be allowed.
"I don't think our friends in Beijing want to get into a public takeover battle. A negotiated deal is preferred -- a friendly negotiated deal is even better," said an Asia-based investment banker with direct knowledge of the matter.
China is nervous about bidding for Potash Corp after China Minmetals' bid was forced to withdraw its bid for Canadian miner Noranda and China National Offshore Oil Corp's had to drop its bid for U.S.-based Unocal in 2005 after running into anti-Chinese backlashes.
"They recognize there are potentially significant challenges. The chances of this happening are pretty low," the investment banker said.
(Writing by Sonali Paul in Melbourne; Editing by Lincoln Feast)
Manhattan Pharmaceuticals to Present at Precision IR Biotech, Healthcare & Pharmaceutical Virtual Conference
http://ih.advfn.com/p.php?pid=nmona&article=44736136&symbol=MHAN
You beat me to the post on this one. Hope this links works:
https://news.fidelity.com/news/news.jhtml?articleid=201010110252RTRSNEWSCOMBINED_TRE69A0T5_1&cat=Top.Investing.RT&IMG=Y
China's CNOOC tests U.S. with Chesapeake shale deal
REUTERS — 47 MINUTES AGO
By Sui-Lee Wee and Paritosh Bansal
HONG KONG/NEW YORK (Reuters) - China's top offshore oil producer, CNOOC Ltd (Symbol : CEO) , agreed to pay $1.1 billion for a stake in a U.S. shale oil and gas field, testing the U.S. political climate for the first time since its 2005 failed bid for Unocal.
CNOOC (Symbol : CEO) shares hit a three-year high on news of the deal with Chesapeake Energy Corp (Symbol : CHK) , which could be the start of more outbound acquisitions as the Chinese company races to meet its aggressive production growth forecasts to feed the country's fast-growing economy, analysts and bankers said.
"We expect them to expand their footprint in the Canadian oil-sands and also in Brazil's deepwater. That's the last frontier where you can extract big oil volumes," said Gordon Kwan, head of Asian energy research for Mirae Asset Securities, adding that Nigeria and Angola could also be attractive.
Canadian oil firm Opti Canada Inc (Symbol : OPCDF) and its peer Nexen Inc (Symbol : NXY) have drawn interest from CNOOC (Symbol : CEO), Asia- and Canada-based bankers have said.
CNOOC (Symbol : CEO), along with its China'sSinopec Group, is also bidding for stakes in assets owned by Brazilian oil and gas start-up OGX SA in a potential $7 billion deal, sources with direct knowledge of the matter said in mid-September.
The 10 deals so far this year for China's oil and gas companies have been worth $18.6 billion, already eclipsing the $15.8 billion in deals for all of 2009, according to Thomson Reuters data.
Most of the outbound acquisitions by China's oil firms have been in risky areas such as Africa, which Western rivals have avoided, or in locations with aging assets.
Now they are also eyeing the United States, which was once deemed off limits to the Chinese due to protectionist sentiment.
"Ninety-five percent of the world's E&P (exploration and production) companies are in North America," said an Asia-based investment banker who has advised Chinese oil firms on outbound deals. "If you have to move the reserve needle, you have to buy U.S. companies."
U.S. oil and gas companies are gradually warming to Chinese investment, partly because their companies are now short of cash, Kwan of Mirae Asset said.
In contrast, China's state oil giants including PetroChina (Symbol : PTR) and Sinopec have access to ample credit, giving them more firepower to execute deals.
NO REGULATORY HURDLES
The Chesapeake agreement shows that China is confident that the purchase of a 33 percent stake in the Eagle Ford acreage in South Texas will get the backing of U.S. regulators and politicians, who stepped in five years ago to block CNOOC's (Symbol : CEO) effort to buy U.S. oil company Unocal.
Outside the energy realm, political concerns have also surfaced from time to time involving efforts by Huawei , China's top telecoms equipment maker, to crack the U.S. market.
While U.S.-China tensions over the value of China's currency persist, ties between the two countries have grown since 2005, with China becoming a major global economic force.
Mirae Asset's Kwan said the structure of the latest deal will make it more likely to get regulatory approval.
"With Unocal, it was buying an entire company, taking over the staff. Here they're buying a 33 percent stake in one of many Chesapeake projects," he said.
By working with Chesapeake, which would remain the operator of the project, the deal could help CNOOC (Symbol : CEO) gain exposure to the complicated shale-gas extraction technology that it still lacks.
CNOOC (Symbol : CEO) shares closed 4.5 percent higher at HK$16.82, their highest since October 30 2007, and outperforming the broader market, which was up 1.23 percent. Chesapeake shares were up 3.5 percent at $23.85 in early trading in New York.
OTHER SHALE INVESTMENTS
Despite low natural gas prices, interest has been rising in shale formations that could hold enough natural gas to satisfy U.S. demand for a decade.
CNOOC's (Symbol : CEO) purchase comes after a flurry of investments by energy companies in shale -- underground rock formations that hold reserves of oil and natural gas.
Norwegian oil firm Statoil (Symbol : STO) said on Sunday it was expanding its shale gas operations in the United States, creating a joint venture with Canada's Talisman to acquire acreage on the Eagle Ford prospect in Texas for $1.3 billion.
CNOOC (Symbol : CEO) agreed to fund 75 percent of Chesapeake's share of drilling and completion costs until an additional $1.08 billion has been paid, which Chesapeake expects by year-end 2012, the companies said. The transaction is expected to close in the fourth quarter.
"Partnering with Chesapeake on this project to develop shale oil and natural gas jointly ... satisfies the spirit of Sino-U.S. cooperation in the energy sector," CNOOC (Symbol : CEO) Chairman Fu Chengyu said in a statement.
CNOOC (Symbol : CEO) swooped in after talks with Indian energy company Reliance Industries and Chesapeake collapsed last week.
Shale gas accounts for 15-20 percent of U.S. gas production but is expected to quadruple in coming years, touching off a scramble among producers such as Statoil (Symbol : STO), Exxon Mobil (Symbol : XOM) , Mitsui & Co (Symbol : MITSF) and Royal Dutch Shell .
The Eagle Ford shale is seen as especially attractive as it is believed to be rich in natural gas liquids and condensates, which command higher prices than regular natural gas.
Chesapeake's adviser on the transaction was Jefferies & Co, and CNOOC's (Symbol : CEO) was Tudor, Pickering, Holt & Co. Securities. China-focused private equity firm Hopu Investment Management played an advisory role in the transaction, according to a source with direct knowledge of the matter.
(Additional reporting by Joseph Chaney and Denny Thomas in HONG KONG; Editing by Ken Wills and Muralikumar Anantharaman)
http://www.europeanenergyreview.eu/index.php?id_mailing=116&toegang=c45147dee729311ef5b5c3003946c48f&id=3
Europe may be leading the way!!!!!