Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
LOL, more like torpedoed by the ship's own Captain!!!!
Done. I nearly used that outfit in 2000 to help raise funding for gadgets.
Does a tide change make any difference when your 500 feet under water?
LOL, That is what I am afraid of, LOL.
You certainly got a lot better deal on COIN than many other investors over the last several years, especially buy and hold investors who have slowly had the screws put to them (but in all fairness COIN is not unique in this), just be careful to take profits when and IF you see them.
I am still holding a few bags, that I paid too much for, and held too long lately, COIN included.
Here is a stock I put on my radar and forgot about, probably as the price fell from a $2.50 high to Fridays low of .15, VCTZF is the symbol.
http://www.articlealley.com/article_1436214_19.html
This was a news article on them and their vertical farming technology, Valcent Products Inc.
More google results on vertical farming here:
http://www.google.com/search?q=vertical+farming+stock+company&hl=en&client=firefox-a&hs=RQi&rls=org.mozilla:en-US:official&ei=xx46TNiiEsGC8gbJo82mBg&start=10&sa=N
I just ran across this board today, while following a trail from a stock I own, COIN, which has released news that it plans to buy Terrasphere for 25 million dollars in under priced COIN shares, and following all the posts of a new poster at COIN's IHUB board led me here.
I have no idea what the real story is, but I just read all the posts here and on the surface it looks like a pump and dump happened here recently, but I just checked out this site:
http://markets.ft.com/ft/tearsheets/businessProfile.asp?s=US:URBF#
And if you follow the links on the officers for URBF it looks quite impressive. Of course that is all I see that is impressive here, so far. It also shows up as a London based company. Also, Canada and Puerto Rico show up in their resumes.....So my current hunt, or interest is in this Terrashere outfit, URBF, rumors of NDA agreements between them, and rumors of pending IP lawsuits by an earlier poster here (Terraman), and why all the sudden fuss over some simple equipment and lighting to grow veggies indoors? And why the seemingly ultra successful officers of URBF would bother with an international penny stock game based on their reported successful business ventures to date?
Feel free to visit my posts at COIN, or elsewhere at IHUB,
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52161949
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52162699
Lastly the IHUB float listed is 3 times the OS??? One of them has to be very wrong.
Lastly, my condolences to the early investors here that so far got burned, been there, done it, too many times.
So your telling me our best customers may be in Calfornika, growing wacky weed for medicinal purposes, LOL!!!
I hear there is a lot profit in that, LOL.
Maybe they are on to something.
What concerns me is that I had expectations of seeing COIN up over $1 and maybe even approaching $2 by this time next year, if they finally at least broke even by this time next year. So far this Terra deal looks like it might cap COIN's stock at under .76/share, due to massive dilution, and an anti-dilution deal for the Terra converted to special COIN share holders only.
I have another stock I am stuck with that is trapped with this anti-dilution crap (MHAN), where 1/2 the existing (other) shareholders (Hedrin JV) get free shares every time the company needs to raise cash or gets a real opportunity to expand via merger, and needs to issue shares to do so.
I see no real indication from COIN management that any of the most recent deals (buying the farm, or starting up a waste water division) are generating positive income based on the acquisition price or operating costs they added, or generating positive income based on operating costs.
Does it make sense to pay $25 million dollars in under priced (historically) stock for a risky new company with a recent burst of sales of only 4.5 million the last 6 months? Now if they had positive earnings of 2.5 million the last 6 months, I would say buy it, maybe. But sales and revenues are not profits. And so far COINS losses have risen just as fast as their revenues, so their track record is not so great on the earnings front.
I may just sell now, and wait a year or so for the R/S that may be coming to clean up this mess they are making. Then after the stock price crashes again due to the R/S, then I may see where we are, possibly with new management that knows how to operate a company profitably.
If I keep my shares, I may led a revolt to stop this deal as it stands, but I suspect they already have enough insider votes from those that own a piece of both companies already (Gildea clan) to force the deal through. I see 3 of the Gildea's including the COIN President and CEO are also large stock holders in Terra, from the SEC report I read yesterday. Nice to be able to sell an overpriced private company you own a bunch of to a public company you own a bunch of AND run, as the CEO and president, and structure the deal so that all future dilutions dilute everyone else but your new shares you got in exchange for Terra.
This game here is starting to sound a little familiar, like the double dealing cr*p the head of DRYS pulled the last 2 years that nearly killed DRYS (Dryships).
Either I am missing something here, or these guys are incompetent when it comes to protecting shareholder value.
Now, playing devils advocate with myself, since Terra and Terra stock holders get no cash in the deal, and shares are initially restricted, where is the cash pay out going to come from? Perhaps Gildea et. al. will sell the old COIN shares at market that are not restricted when the completed merger news goes through and boosts the price, since those shares can be diluted, and keep the temporarily restricted shares of COIN they get from the Terra deal that can not be diluted, thus keeping control?
Brilliant!!!!!! Now why didn't I think of that!!!!
So is the Terra outfit the only game in town?
Stayed tuned to find out!!!
Feeling quite unloved here lately. Still wondering where the bottom is. So far, so much for the $2-$3 targets. They forgot to tell us it would sell off to penny land again, first, before it heads to $3, I guess.
Still very long, and currently regretting that decision.
As a long time stock holder in COIN, I love the idea of the acquisition of terraspheresystems, I love the COIN product idea, but once again I have concerns. I am concerned about the huge price they are planning to pay, $25 million for a company with only a reported recent flurry sales of 4.5 million dollars in 6 months. We have no real financials on Terra yet, and there are insiders common to both Terra and COIN, including some of the top dogs in COIN being top dogs in Terra.
I am also not crazy about their using the recent distressed stock price (about .76/share average) as the stock price to be used for paying what may be an inflated price of $25 million to Terra for buying the Terra company. Lastly the sellers of Terra will saddle existing COIN stock holders with anti dilution rights that gives them more shares if COIN sells any shares to raise cash (which is almost a sure thing, that I think we may need to count on, selling more shares to raise cash), from what I just read today.
I can't help but wonder if recent shares were not dumped by some insiders to help push the price down, so they could get more COIN shares at a lower price in a Terra buyout, for their shares of Terra. Sorry, but I am not the over-trusting type. Been screwed too many times.
But then, if they fix this buy out of Terra at a price of .76, and add the proposed anti-dilution clauses, how will they get the stock back to $1/share quickly, and fix the latest new Nasdaq delisting notice problem? And how will they raise cash to pay bills and cover ongoing losses with out giving away free shares to Terra-Coin stockholders due to the anti-dilution clauses.
This is starting to look more like Terra stockholders taking over COIN, in disguise!!!!!
There is a lot going on here with this company, and we have little visibility as share holders right now to real earnings/losses/cash drain rates, except for the ongoing losses last reported, and the recent buying spree that is underway.
I am starting to fear a huge OS balance, no earnings yet, and an eventual R/S and real screwing that may be under way.
Are we on the way to penny land here, like .01 to .05 in 6 months to a year?? Or am I just imagining things?? Or will they pump the stock price back up to $2 before they dump all the Terra acquired shares in a year? Seems some or maybe most of the Terra issued shares will be restricted from sale for a while. Or will this all work out, and COIN will turn into an ultra profitable diversified food industry company in spite of a massive number of OS shares issued by this time next year?
Perhaps we will buy Kroger next?
One thing is for sure, if the past here is any clue, then we have no clue what is coming out of the closet here next!!!
I am still long, even added some COINW last week but getting a little nervous here now over the Terra buy out!!! I don't see how we can afford to pay $25 million for a company that seems to barely have sales itself from what I read (???) of just 4.5 million $$s in the last 6 months. I say barley has sales, as the first unit they sold is reportedly just being commissioned into producing product(Ref. the recent SEC document). Now that could be a typo, it could be they have other sales, and systems running with a history, I don't know!!! The Terra sight claims the inventor has a 20 year history, but I don't see his resume-history on line.
Since Terra is not a public company, we have no sales, or profit/loss/equity/working capital visibility whatsoever.
I am looking for meat to this entire story!!!!!
I bought my first shares at $2, so yes 50 cents is a buy IMHO too!!! LOL.
All the regional banks have been rallying this past week, Seems to be quarterly game, up 300 to 400% pre earnings, than slow bleed down 75% to old or new lows. Right now it is in the early rally phases to a run back to $2, if history repeats itself.
More good news:
http://ih.advfn.com/p.php?pid=nmona&article=43552308&symbol=CGYV
Financials can't be long off IMHO. This one is still a buy down here IMHO.
I still have shares I bought from .60 to .30, still long.
Hogwash!
Table salt, sodium chloride is one of the most toxic compounds known to humans on the planet, and the ocean is full of it!!!!
http://chemlabs.uoregon.edu/Safety/toxicity.html
http://foodandhealth.com/cpecourses/salt.php
One of the reasons salt was introduced centuries ago to the food supply, is because it is toxic, toxic to bacteria, that is why it is used as a food preservative, like smoked beef jerky, it is stops natural decay, it is toxic to the bacteria.
The dispersant does not move the oil to ocean floor to hide it. It emulsifies it so it can disperse (by emulsification) the oil into the bulk water, just like dish soap does to cooking oil in your kitchen sink, thus increasing the water-oil interfacial area making the oil particles small enough for naturally occurring microbes (that eat oil) to reach more of the oil surface at the water-oil interface so that nature can more quickly convert the crude oil into biomass that is consumed safely by the oceans food chain.
All the microbes need is oxygen and smaller particles of the oil surrounded by water to help get that job done. The dispersant is no more dangerous than your household dish soap.
The dispersant BP is using also happens to be biodegradable.
Scariest thing I see in that oil assay is the huge Calcium content!!!!
OMG, that is scary!!!!!!!!!!!! (LOL)
But seriously, looking at that assay, if you remove the part that is actually crude oil, hydrocarbons, the rest is safe to drink.
In fact the sea water would be far more dangerous for human consumption than the non-crude oil part of that list in the assay on your post.
If you really want to solve a serious environmental problem get a grip on this one!!!
http://www.dhmo.org/
And don't forget all the critters in the ocean that use the ocean to crap in everyday. What a foul mess they leave behind!!!
I heard on the TV news tonight that US Pentagons largest fuel supplier is BP, at nearly $1 billion dollars a year.
I also read today that BP is installing a new cap this weekend and adding a ship that should stop the leak 100% by Monday!
I would just like to point out now that your first post her was not true!!!! Therefore we have little reason to believe any of the rest of your posts attacking this stock and company. You first post said:
"This co is being sued, does anyone care??? at all...what a joke"
Your own link to the story you sighted proved your statement was not accurate. MNLU was not named as a defendant in that suit according to the news YOU cited as proof of your statement!!!
MNLU is not being sued!!!! I suggest you stop making false accusations here.
I also find it odd that all but 2 of your posts in 16 months since setting up your alias have been here to attack this company, the last few weeks.
Most of the price drop here and in AEXP has followed the entire market correction down the last 2 months along with the considerable drops in natural resource prices, especially crude oils pull back, but natural gas is down from 2010 highs as well. Even KWK made a number of 52 week lows lately, down nearly 40% at the low recently. The current heat wave may help boost futures, along with the current rally, which may spill over here.
Typo/addition to my last post, current market cap is about $100 million, or about 5% of worldwide sales!!!! Near as I can tell their losses last 6 quarters have been nearly equal to capital investment costs and R&D investment costs, and in part due to the recession, but their sales revenue is climbing strong, so they may turn the quarter and show a profit this month or next quarter. Losses have been falling last 3 quarters.
Just out of curiousity, how many shares are you short on this stock. It is now obvious you are trying to push the price down with miss information and miss direction. WE are on to you sir!!!!
I started some research today on Mastic gum only on the internet. Here is the google search results, quite an eye opener!
http://www.google.com/search?q=mastic+gum&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a
I actually buy and use the Jarrow brand of CO-Q10, they are lowest cost source I have found at my local health food store.
http://www.drugstore.com/products/prod.asp?pid=271082&catid=70275&aid=337953&aparam=jarrow_formulas_mastic_g&CAWELAID=515302867
The difference as I see it so far is that IFUS is combining Magnesium with Mastic gum to get synergistic effects (Ref: the pending patent application)
http://www.drweil.com/drw/u/QAA400531/Medicate-With-Mastic-Gum.html
http://www.vitacost.com/Source-Naturals-Mastic-Gum-Extract-500-mg-30-Capsules?csrc=GPF-021078014195
Earnings coming out on July 28th according to a news bite.
CBAK to a 20% dump early today, and rallied to close up .02, about 1.5% up. I was already long and added during the bounce. My add was up .08/share or plus 6%. CBAK as near as I can tell is now oversold. It has a low share float, current market cap around
CBAK made a new 52 week low today at $1.35, but closed up at $1.52 on double the daily average volume. About 8% of the 66 million shares outstanding are short, And it has sales of about $2 billion US/year, in state of the art Li-ion batteries. CBAK reports earnings July 28. CBAK has gaps at $4 and $2.30
According to Fidelity CBAK is selling for 1/2 of book value now!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
CBAK's last quarter had a 24% increase in revenue over the same quarter in the prior year
Details on CBAK here, as well an interesting chart, I think today's candle is called a bullish HAMMER!
I was late to the crash party this morning, when someone shorted the stock and pushed it down 20%, but I did add shares at $1.44 before it turned green to close up and green, up .02, after a 10:30 am sell off that sent it down .13 cents share to a new 52 week low of $1.37. Volume was twice the daily average today!
This may be bad news for Monsanto and their corrupt genetically modified seed business!!! These systems could be used to stop seed migration which has been helping Monsanto take over control of the worlds food crops!!!! They could be combined in deserts with solar power plants for power!!!! And don't forget COIN's organic fertilizer in the mix. I like their ability to synergistically combine COIN's recently improved product market efforts!!!!
And COIN is certainly priced right here, and the market acts like it bottomed (for now anyway).
I wonder if these units can be scaled down for sale at Home Depot? Or will they just be large packages.
Awfully quite here for today's news. I guess most bailed on this one already, a good sign of possible low?
All I see is they registered potential shares, if warrants are converted, and the warrant conversion would cash in the bank for MHAN:
"This prospectus relates to 66,125,132 shares of common stock of Manhattan Pharmaceuticals, Inc. for the sale from time to time by certain holders of our securities, or by their respective pledgees, assignees and other successors-in-interest. All of these shares are issuable upon exercise of warrants held by the selling securityholders. We will not receive any proceeds from the sales of the shares of common stock by the selling securityholders. We will receive the proceeds of any cash exercise of the warrants."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52039679http://ih.advfn.com/p.php?pid=nmona&article=43503414&symbol=NB^MHAN
I only read the first page, will try and read it all later.
Interesting day here. I grapped a nice chunk of COINW early at .13, at last check it was up another 30% since I bought on the news today. I consider the news quite bullish!!!!!!
http://ih.advfn.com/p.php?pid=nmona&article=43512779&symbol=COIN
Extremely bullish considering the capitulation sell of yesterday and new all time lows we hit at .49
The drop in crude oil prices and general bearish market last 2 months have not helped. I have starting looking at to. It well drilling news recently I think?
Well I was real impressed with the second to last deal where they swapped stock to take over a large China parts OEM, that looked to me like they were going to use it to make the engine or engine parts, possibly for that earlier motorcycle deal? Pure speculation on my part, but the news of deals, huge, major deals seem to keep coming on this one. I can see this one in the $5 to $10 range in a year or 2. Hell they bought a profitable vehicle parts company for a simple stock swap, that has got to say something about what China thinks about this technology. I actually dug up the patent files on this baby a good while back and was shocked at how simple and innovative the damn engine is!!!
Damn, who has the rights to the movie??????
The CEO is and has been overseas in China for months now, from what I have seen, and not seen in the news. And the company is not overly staffed from what I can gather. He has so many red hot irons in the fire right now, I am really not surprised you did not get a reply to the email. I had forgotten about that deal, but I suspect it is still on going. It might explain where some of the cash is coming from too. We have had real good volume in the stock. I am grabbing more shares at the lows, as they look like a gift right now in the .30 area.
Not if we move into GDII when BP goes belly up.
No, not my website, but I wish it was. Surprised you are the only one commented on it. I think DHMO is also a toxic contaminate in that whiskey?
But feel to milk for all it's worth!
LOL
They may try to keep BP afloat till the spill is contained, and clean up starts to wind down, the sharks will circle for the kill. Once that is done, well sealed, the fur will fly. If they fail to contain it and start seriously looking at bombing it, like with a nuke, or huge convential, the fur will fly.
Actually a force 5 Hurricane might help clean up the mess.
On the News or lack of it in the NW, you should have seen the news sharks circling today here in Houston when a whole 5 gallons of tar balls showed up the beach for the first time in Galveston, and was traced back the BP spill (organic compound trace tests said is from the BP spill).
LOL. 5 gallons, it is a disaster, to hear the news people going.
Question is how large is 18% of CSOs, how large is the CSOs? And the next question is domino effect of not knowing who is at risk and for how much. What I fear is credit freeze up between banks again.
I retyped that, may not be 20% of 400 trillion, hard to tell as the article switches back and forth and bounces around from derivatives, to CDOs to CDSs, and leaves some gaps in the real picture, which is part of his point, the unknowns may bring the banks down again, like the mortgage derivatives did, due to too many unknowns! My first read had me thinking 20% of 400 trillion, by I mixed the facts up, sorry, but it could be that bad with the leverage involved.
Read the link,
"A study by Moody’s outlines that a BP bankruptcy would impair 117 Collateralized Synthetic Obligations (CSOs), which would lead to pervasive losses by a broad range of holders. The 117 effected is a startling 18% of the total CSOs outstanding, which is an indication of the scope and impact of BP financing globally. For those that remember the 2008 financial debacle, you will recall its epicenter was the collapse of Collateralized Debt Obligations (CDO) associated with mortgages and Credit Default Swaps (CDS) of financial companies impacted. CSOs are even more leveraged and toxic.
Answer is in that article half way down.
"On June 25th BP’s Credit Default Swaps shot up 44 to 580 on the 5 years CDS. This meant it costs $580,000 per year to ensure $10 million in BP bonds over a 5 year contract period. Anything approaching 300 is considered serious risk. For counterparties willing to pay this amount means their dynamic hedging models are working over time and a near panic scramble is taking place. "
"Then think about what happens if BP goes under. This is no bank. With proven reserves and wells in the ground, equity in fields all over the planet, in terms of credit quality and credit provision – nothing can match an oil major. God only knows how many assets around the planet are dependent on credit and finance extended from BP. It is likely to dwarf any banking entity in multiples…. The price tag and resultant knock-on effects of a BP failure could easily be equal to that of a Lehman, if not more. It is surely, at the very least, Enron x10.”"
"Massive BP Risk lay in the $615T OTC Market that only the major international banks have any visibility to…. and they are not talking! "
"What is yet unknowable is what the reality is of BP’s off-balance sheet obligations and leverage positions. How many Special Purpose Entities (SPEs) is it operating? Remember, during the Enron debacle Andrew Fastow, the Enron CFO, asserted in testimony nearly 10 years ago that GE had 2500 such entities already in existence. BP has even more physical assets than Enron and GE. Furthermore, no one knows the true size of BP’s OTC derivative contracts such as Interest Rate Swaps and Currency Swaps. Only the major international banks have visibility to what the collateral obligations associated with these instruments are, their credit trigger events and who the counter parties are. They are obviously not talking, but as I will explain, they are aggressively repositioning trillions of dollars in global currency, swap, derivative, options, debt and equity portfolios."
If you think people are pissed at BP now, wait tell they take us into GD II with a collapse of BP!
OMG, I feel so much better. CDC and FDA are on the job!
LOL
Good one.
Myth number one, "We are with the government and we are here to help"!!!!
FDA is nothing more than a food industry and pharmaceutical business puppet. EPA was nothing but a GWB puppet during the 9-11 aftermath telling people the air was safe to breath, which was nonsense.
But that is a nice post / link.
Last time I checked FDA was defending the food supply of canned Tuna fish by testing 20 random cans of Tuna per year nation wide, and filing the report, even if it exceeded the 1 ppm limit for mercury they have on Tuna fish they never take action except to file the report, and 1 ppm of TCLP soluble mercury is 1/4 th of the hazardous waste definition for EPA (there is a 20x dillution and leach test involved in the EPA TCLP test and the EPA limit is .2 ppm)..
The FDA allows crude oil derivative color compounds to be used in food in the USA, while they are banned in Europe. These same food color agents have been linked to ADD and similar problems.
I have a real hard time believing there is any air born contamination issues yet from the BP spill, flaring at the spill site, or slick burns, or the use of dispersant at the spill site. VOCs will be long gone by the time floating oil gets any where near shore lines IMHO. Dead decaying wildlife and fish should the float up on shore are another matter!!!!!
Dispersant use at the shore might have an odor, but are they using near the shore?
I read once that the best way to get rid of Raccoons was to leave a dead sardine in the attic or basement. The odor runs them off, only problem is it runs off the owners too, LOL.
NYBob, this is what the environmentalists should really be afraid of!!
http://www.dhmo.org/
http://www.dhmo.org/truth/Dihydrogen-Monoxide.html
http://www.dhmo.org/milk.html
http://www.dhmo.org/coverup.html
Just a wild guess, but if a stock goes up to high to fast with out news driving it (or real buy and hold buyers.....) it can trip too much selling volume wise, and send prices lower. I would prefer a steady stable day after day climb! Be careful what you wish for.
I actually suggested this possible issue myself about 2 weeks ago.
That video is absolutely PURE, UNADULTERATED BS!!!!! Give me a break people.
You test rain for acidity by collecting it in a clean container while it is raining, and testing it with a pH electrode/meter and a titration procedure for total acidity.
Since when does an oil spill cause acid rain, LOL, let me get my tin, I mean acid proof lead hat out, LOL.