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Indirectly, as an alt energy play, since it makes liquid fuels using waste CO2 instead of using crude oil to make gasoline.
A lot of volatility in both these stocks ( AEXP and MNLU ) lately, but they seemed to have bottomed last week, and seem to be in rally mode finally, with most sellers gone. Probably just some profit taking here by those that bought the bottom, and a retest of recent lows. If we hold .10 to .12, we should continue the rally this summer IMHO.
I have been trying to buy at .051 all week with no luck, while the recent small sales have been listed as sold at.05, with no indication of the third decimal??? So much for that theory! I spent several hours going over the last gazzilion page report, and based on all that I read, I am not worried, still holding and trying to add at .051, but with no luck, and still bullish on the stock. No one is selling shares, with 100 million shares floating around, why is there still no real volume, sellers are almost non existent. No one except a few piddling small volume day traders are selling.
When I get a chance, I will post a detailed discussion about what all I read in the report. By the way, from what I can tell, the float and OS is no where near what we were thinking, as warrants are not shares, only potential shares, and for warrants to be converted to shares, they must pass cash onto MHAN at the warrant price, means cash in the bank to MHAN in exchange for converting those warrants to shares (IF they are converted), so not what I consider scary dilution, as many of those warrants are priced way overhead. Like I said, I will post a detailed picture of what I think I saw and read in that last large SEC doc in the near future. Also, I think Nordic will cave in, as forcing their position would only hurt the stock price, kinda like shooting themselves in the foot!!!
What also does not make sense is how Nordic could have a majority on the BOD, and not know about the terms of the recent buy out deal in advance. If true why would they complain after the fact? Makes no sense?
Some one just bought shares at .06, back up 20%. More later when I have time post, but I am still very long and bullish
AEXP is up 20% as well, neither has news that I know of, so it looks like sellers are exhausted!!!!!!!!!!!!!!!!!!!
But they have a buyer, willing to pay 1 share of MNLU stock per 4 shares of AEXP stock, by a company that does have money, MNLU. That says a lot by itself. Now if we had another bidder/buyer, and got a bidding war going, I could handle that too, LOL! Not that MNLU has been selling for a >40% premium over AEXP shares for a long time.
I wonder if they could be part of a long term scale in/up strategy, start with a small systems overseas, and expand/scale up over time, decades.
Not sure I understand your reply/comment. AEXP's share of the only well (other well?) was 29%, if they came up with their share of the funding to pay for the well costs. Since they did not come up with the cash for their share their owner ship of the well dropped from 29 to 20%. They still own 20% of the rights to the only well and only shared property AEXP is involved in, on the joint project property (unless I missed something?). But I read everything cover to cover.
Aexp still has a 20% stake in the joint well / joint land deal with MNLU.
What do you think the real potential is for that?
"Not much to say so i was rambling. "
Oh, I thought you were holding your breath!!!!!
LOL.
Me, I am just waiting patiently with this and many other stocks, for the eventual good news, and markets to settle down and rally, and meanwhile grabbing a few good deals when the happen.
MNLU and AEXP are already sharing a joint land / drilling deal, the only thing I think AEXP has going, and that is independent of the merger. If you are worried, split the cash between the two maybe? Other question is what will MNLU stock price do if the deal fell through? I think we are at a 98% probability the deal goes through, and this year. Just my opinion, not advise!
And that said, who would have thought BP was a risky stock to own this year?
There is a little from time to time. We are waiting on past due annual financial report mostly. I am still holding and buying anything under .30 if it ever goes there again. I started picking up shares at .60 months ago, been watching this one for over a year
Don't ask me, I have been buying and adding shares since .70, have not sold a single share yet. But I have no clue where the real bottom is.
GLTA
No, problem I took care of those pesky sellers, and added at .096
Why would you hold your breath, is it something in the air?
LOL
WHAT?????
We count on Byron doing that for sure!!!!!
Certainly looks like we are either going to test this years lows, or set a higher low here real soon!
I am real bullish on the company, and especially bullish now based on the stock swap take over a profitable operating China company that can add revenue immediately to the bottom line, and become the producer of small TTEG engines, with out building a new plant from scratch. But either the recent market sell off brought us down too, or investors were not impressed with the news, or they took profits and sold the news, or all of the above, take your pick. I started buying cheap shares last week. I have bids in at .35 and .31 targets. There is still a gap way down below at about .23 IIRC, that we never filled.
An older timer investor I have know for a while via an investors chat room. But, like most of us in this volatile market sooner or later we are wrong...... Of course survival does not mean the stock is a profitable buy here. I am already down a good bit (50% on average) on 5 or 6 regional banks, including this one that I bought just before the flash crash, all ones that he liked. But He bought them at the Feb lows, I got in too late near this years highs. I am still long here for now, hoping at least for big bounce soon.
Also, no guarantees on how it will survive. One of the ones he liked was saved by Ford, but at a huge price drop, and dilution. It was not one I bought, but one he was sure would survive. It did, but not a cost existing investors liked.
There has certainly been lots of news of selling subs and branches, and raising capital in their news. I was hoping opening this board would attract some more info. Right now the chart looks like a falling knife again.
I do like the very low float, very low OS, and medium volume!!!
It is about time for the price to bust up over .60 and go back to trading between .60 and .90, we could make the run higher today on the good news!
Can you find me the link on the patent(s). I would love to read them. As you know I have a few of my own.
On another note this is interesting news:
http://www.nytimes.com/2010/06/10/business/energy-environment/10gates.html?src=me&ref=business
Lastly, the fellow math wizards that I hang out with charting the markets and I have come to the conclusion that today was most likely the turning point back to a bull market. Indicators are screaming that we have turned the corner, so unless the bears pull off a miracle 7% dive tomorrow, they are toast for now! Today was an all time up volume buy record, just after an all time sell volume record a few days ago. Still need confirmation in the days ahead, but one of my knife catches last week (geothermal power company, HTM) blew up 25% today, in one day, on multi milion share volume, and then went into orbit after hours!
So, though I was getting a bit worried about the markets in general recently, I am back on feet screaming bull market again! LOL.
I tried to get some of those rare cheap shares again here yesterday, but they are limited edition, RARE species!!!
I would not be surprised to us jump over .20 this month here, with no news! With news, well you know the story there.
Sounds like hot news, thanks for sharing!
I agree there is less risk buying MNLU than AEXP. That is why there is a premium here. I disagree on the when to buy part, I see natural gas moving up now, seasonal, and the market turned firmly from bearish to bullish today, so we could see some furious buying here the rest of this month! One of my knife buys, alt energy (HTM) that I added as it crashed the last few weeks, was up 25% in one day today on huge volume, just on simple news of loan guarantees, geothermal power company. First Hurricane news in the gulf, and these two will run up and spike, IMHO.
Cool. Let me know what you find and learn!
Also take a look at XIDE. Not a penny stock, in the $5 range now, but they just reported a record profit after years of bad news profit wise, and they have a near exclusive deal with AXPW for next 3 years. They could conceivably buy AXPW someday. XIDE is huge, world wide, over $1 billion dollars in manufacturing and OEM sales annually of batteries. I have been stealth watching XIDE for over a year since they signed the deal with AXPW. and I am buying my first XIDE shares tomorrow. Still own AXPW, and may add some here soon too.
WOW, I sold too soon. I figured at least a 10% pullback, with a 25% one day move, so I sold 2/3rds, what I bought at the bottom last week catching the knife.
I held some, will add back on any decent pullback. I have not studied the news we got, but first impression was it would allow them to stop selling new shares!
Yep, CABN doubled this week on news it filed for another patent. I missed the selling OP again there (moved up and down too fast, I was napping, LOL), it is back under .09 now. It did move 5 million shares in one day on that news! A one million share day here would probably push us over $1. All we need is a little PR or news.
Looking forward to more good news.
Nope. I bought a small batch of shares of about 6 regional banks,paid way too much based on the sell off last 5 weeks, probably will not add to them, just hold and hope a few survive and pay off for the ones that do not. So far I have had little luck playing bank stocks (tried it in 1987 in Texas and lost may ass), an old friend talked me into buying them in April, including this one, but so far they are doing no better than most other junk stocks lately, maybe worse, although BP may be toast sooner than FBC, LOL!
One thing I do know, people that sold early in 2009 and sat on the sides wish they had held.
Great mews here today:
http://ih.advfn.com/p.php?pid=nmona&article=43156210&symbol=AXPW
Guess they are not going to wait for so called newer, nano tech ESDs.
Nice news. Problem is getting your hands on those shares when it dips. GL, Took me 6 months or more get my dip, LOL.
Good news is AEXP acts like it bottomed a week ago.
I agree, the this one and AEXP are both way under priced here. Time will tell. One thing for sure, this is better buy than BP right now! And there is no reason for dilution here right now!!!!! Much safer bet at these lows than most penny stocks.
I am wondering if some people are buying AEXP instead based on the price difference?
Wow, sounds like it is about time for me buy more, this place has turned so bearish. I am holding and may add soon.
Why not call or email Byron, and ask for the patent application numbers? IIRC I have seen the first one somewhere, it may be at www.uspto.org in published applications now, which is about 2 years old.
I would love to read the second one, and it should be published by now. It takes a while for the USPTO to process and publish new applications, and depending on what status they ask for (provisional or regular, immediate examination) they can delay publication for about 60 days to 14 months.
I have several patents myself (one in a similar area from 2000), and a Chem Eng degree, so I could tell what is and is not real once I see them. What I know, is that the tech is possible! Only question in my mind is economics, and I know that CO2 emission permitting and CO2 capture and trade $$$ credits will change the cost/value equation, maybe enough to affect any entropy issues and economics enough to make it practical. And they seem to be hard at work refining (R&D) the science and methods based on this new patent application.
Thanks.
I disagree that it will only attract day traders, it will also attract buy and hold people like me that like new tech alt energy stocks. I found it interesting that they announced a lower price limit for the price they would sell those shares, at .10/share!
CABN is surviving on share dilution to support operations, and the only way to support that share dilution is with lots of positive press, till we have sales. I am personally very impressed with the press Byron has been attracting. Byron has quite a track record, and serious experience at the PR thing (from days at AOL).
And we are turning into a patent factory for serious cutting edge tech in the greenhouse gas/fuels category!!!!
I think people will buy here again, as they look at the BP oil mess for one. I think Alt energy bottomed, for now. Don't know if it will last. But if oil really gets messy, you never know it might become a take over target. Utilities are leading the rally last few days. I am more of an FA stock guy, that likes catching the knife.
Thanks for the update!
Long NVS.
We have news today. Financials will be filed tomorrow, and conference call Thursday:
http://ih.advfn.com/p.php?pid=nmona&article=43138773&symbol=HTM
Carbon Sciences, the developer of a breakthrough technology to transform greenhouse gases into gasoline and other portable fuels, today announced the filing of the first of a series of patent applications for its highly scalable clean-tech CO2 based Gas to Liquids (GTL) fuel technology for transforming a combination of natural gas and carbon dioxide (CO2) directly into gasoline.
This first patent application discloses the design and manufacturing of a novel chemical catalyst that converts methane gas and carbon dioxide gas (CO2) directly into gasoline. These greenhouse gases can be sourced from natural gas fields or human made coal-fired power plants, landfill gas, municipal waste, and even algae.
"This heralds a new era for Carbon Sciences and means that our plan for delivering a market-ready technology could be delivered as soon as next year," said Byron Elton, CEO of Carbon Sciences. "The ongoing tragic events involving BP's unchecked flow of oil into the Gulf of Mexico further underscores the urgent need to reduce and eliminate our addiction to petroleum, foreign and domestic. Carbon Sciences' breakthrough technology takes us closer to a world without petroleum by essentially transforming pollution into energy."
Today's announcement is related to the most important module of the company's previously announced end-to-end CO2 to fuel system that recycles raw CO2 flue emissions from carbon emitters like coal-fired power plants directly into gasoline and other portable fuels. The new module under development is designed to be a standalone system to substantially shorten the timeline to commercialization, and reduce the overall systems and operating costs and produce a fuel that can be used in the existing infrastructure, supply chain
and vehicles.
Dr. Naveed Aslam, the company's Chief Technology Officer, commented, "We are very excited about the standalone commercialization of our CO2-GTL Gasoline module. This system will provide a sizable part of the energy industry with an immediate clean-tech solution for the energy and climate challenges we face. Unlike other technologies, such as those for algae biofuels, that may require decades for commercial deployment, our plan for delivering a market-ready technology may be available as soon as early next year. Within a short period of time, we believe that the world can stop drilling for oil and start converting natural gas and greenhouse gases to gasoline."
Mr. Elton added, "The clear and short path to commercialization with this new CO2 based gas to liquids technology makes it our singular focus for the next twelve to eighteen months. The company's website has been updated to reflect this strategy and focus."
http://ih.advfn.com/p.php?pid=nmona&article=43127655&symbol=NB%5ECABN
Where did that disclaimer come from? Is it new, or old? Are you concerned about it, or just adding it to our DD list here?
For everyone, and newbies, this makes for their third patent application now.