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IIRC, the second patent was using water and CO2 to make methanol, a precursor to making a longer chain hydrocarbon such as those in gasoline. So yes, this is the first time, something brand new, and it may have a lower energy production cost to convert CO2 plus CH4 into a liquid fuel, than the prior patent. One of the problems with methane for cars is the need for compressors to compress it for storage in car tanks, and the lack of flow rates needed to refill a car from low pressure residential lines. Liquid fuels already have the infrastructure for delivery, so this may be far better that the second patent!
These guys are turning into a patent production machine!
I knew there was some reason I was still holding on to these shares.
I should have bought more shares at .06 last week. We could gap up at the open to .10 or even .12,
Yes indeed, great news! That should double or triple the stock price this week!
From the press release:
http://ih.advfn.com/p.php?pid=nmona&article=43127655&symbol=NB^CABN
Carbon Sciences, Inc. (OTCBB: CABN), 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."
WE have great news. US Patent issued Bafetinib!
http://www.streetinsider.com/Press+Releases/CytRx+Announces+Issuance+of+Key+U.S.+Patent+Covering+Bafetinib/5705815.html
No, but I finally bought more shares at the low on Friday.
So who owns the non-float?
We have an update on the late financial reports. I find them encouraging at this point, compared to no news. So far I think those that held long recently will be happy they did, me included.
http://ih.advfn.com/p.php?pid=nmona&article=43081566&symbol=NO^CGYV
So MNLU stock is currently selling for about 3 times cash in the bank (before they spend money drilling the new well)?
28 million $s divided by 80 million shares?
This was one of the few stocks that was up (green not red) on Friday. Down volume on Friday was a new record, TRIN hit a new record, so this was like a 1 in 1000 stocks that were up, while 999 others were down, and down a bunch. We were up nearly 20% at one point on Friday!
I THINK we bottomed here this past week!!!!!!
AEXP also held the prior lows this past week, and closed up 10% above its all time low on Friday! Natural gas was one of the few commodities that was up Friday!
I am still reading, and digging into the patent application, will comment when I have a more complete picture on it. In the mean time, your last comments, caught my eye.
"Low share count"? Details please, I thought it had a huge share count?
The last few days it looked to me like we bottomed, and bounced back up and sort of held the bounce, in spite of an historic down day Friday on the US markets.
MVTG!!!!
Nice to see some good volume and shares sold today at near the ask, while stocks like AA sold off hard in a near panic !!!!
Did you people read the recent SEC reports, the complete reports?
I will sum it for you. They drilled one hole, found gas, and sold an area of land rights at that depth where that well was drilled, based on that one hole in the ground, for 28 million in cash. They are now spending half that cash on the next well, in another equally promising area where they have sizeable acreage rights. That leaves them half the cash in the bank.
That stuff you posted is typical legal boiler plate, especially in penny stocks, that you will find in most reports. If you want security, like an income producing blue chip with low risk, try buying BP stock right now, that should be a real secure winner in a few months when they file for bankruptcy, LOL.
My point is even a BP stock is risky.
If that is true, it also eliminates the cap on profits and sales territory limits of the old license agreement!!!!!
I appreciate, and follow nano's posts as well. But I disagree with his take on AXPW's tech. But we already had that discussion in earlier posts here. The fact is Axion is well funded now. With a little luck they will profitable soon, or at least long before any new tech gets near being commercially available.
I am playing the bottom and bounce for now, will watch closely to see if it stops $1, or what, before I decide to keep it for very long.
This is a must read folks. John Paterson explains why AXION sold all those shares at a fire sale last year!!!!! In this post!
http://seekingalpha.com/article/206271-dilution-risks-in-emerging-energy-storage-companies?source=email
A hint of what he says:
"The greatest truth in microcap corporate finance is that small companies have a lot in common with small children in third world countries – they rarely die of starvation but they frequently die of dysentery. In hard times, small companies that need additional capital can usually find the cash if their management has enough humility to accept the price the new financiers are willing to pay. The problems can quickly become life threatening, however, if management fails to adjust spending to accommodate business conditions or rejects available financing because the terms seem predatory. My advice to clients has always been "take the money when it's available, even if you don't like the terms, because shareholders adjust quickly to sensible decisions but they rarely forgive failure."
Last December a former client Axion Power International (AXPW.OB) found itself with a Hobson's choice because it needed substantial financing to pursue its development plans and the price the new financiers were willing to pay was painfully low. Management made the right decision and sold 45.8 million common shares at $0.57 per share, which was a big discount from the prevailing market price of $1.58 per share, but worked out to roughly 5.7x the company's adjusted pre-financing book value of $0.10 per share."...........
I see signs of a bottom, and a beginning rally in Fridays prices!!!!!
I was worried about the R/S short term, but the timing with a market rebound off of recent lows was good. Nice 10% rally at the close during a market sell off. Strong hands somewhere want this to go higher now. I stayed in, still long.
We started a solid move higher this week, and closed back up over $1. This may finally be the move that carries us to $2. The old, lower lows held, and the long term chart still shows a possible path back up the $2 area.
Agreed.
That is correct, 1 for every 25.
Don't know what kinda math your doing, the R/S was 25/1
Just found the SEC report!!! HEADS up folks! Cully (the CEO) bought 5000 shares in open market yesterday at $1.89!!!!
Must be the reason we are rallying so hard today!!!!
Most R/S stocks are real bad performers (usually drop hard looking for support) after a R/S. Any reason to believe this one will not drop? Other than the fact that it was near a 52 week low, and selling for 1/2 off of recent highs this year when the R/S took place?
I never mind waiting, I just get nervous waiting when holding a stock that has a long term price drop. This one turned the corner back up last month, and is obviously about to take off.
I think you miss understood what I said, The large share holder did not dump shares, and it was the CEO you named, the problem was she sold herself about $50 (or 100?) million dollars of new treasury shares at $12, while we were paying $20 for retail shares, and that was the day the price spiked down on the chart to $12. Not a good sign IMHO, and the only reason I did not buy back shares of NMM yet, even at $15. And that $12/share sweethart deal coincided with one of the recent Cape Ship purchases from NM to NMM.
LOL, that is a real risk too. I can't believe this one has sold off so much here, but I guess all considered I should not be surprised. Fear and greed can send prices to rediculous levels on both sides.
I am still adding, as the bottom could happen any minute now. I started buying at .70, so I have a huge loss at this point on those shares, but the cheaper this gets, the more potential I see for some easy money by the end of this year, if not sooner. I just don't see the MNLU merger not going through now, and MNLU has plenty of cash, and have already proven their skills at MNLU, and have already contracted and funded the next drilling! Buying at this price is like buying MNLU at a 1/2 off sale. I have increased my share count 10000% here since I first nibbled at .70, added 35% more at .12 this week.
GLTA
Some people just sell the good news, figuring the price has peaked, some people may have had higher news expectations, like cash flow from a license deal(s) perhaps. I am actually encouraged by the news, and made a small initial purchase on the pull back. It may go lower at this point to re-test .30, or even fill the old gap down around .22 (IIRC), if the sell off gains momentum. Or it may bottom right here and bounce up some into the .40s area if the US markets continue their rally.
I am very encouraged by the stock swap deal with an operating company that already has revenue, and a reputation and good products in China. I think that was quite coup myself. I am in this one for the long haul, but I have learned to sell the highs (like 75%) and buy the panic sell offs (add back as it drops to the 25% I held), to protect my long term positions on these sort of stocks. The trick is picking entrys an exits. I exited selling 75% last time and missed 65% of the move up by selling too soon, but I bought back in today for 30% less than I sold at last time.
And this puppy is so oversold right now!
Then it sounds like you missed the news where the major stock holder of both companies sold himself a large batch of shares a few weeks ago of NMM stock directly at $12/share, while the retail was around $20, and the dollar amount was near the cost of one of those Cape ships they had just bought. That was also the day the retail price on NMM nosed dived, when the news came out.
I heard on the PBS business news tonight, in an interview with an industry expert about the BP oil spill, that this 5 week old, ongoing oil spill mess, plus a very hot summer in the Gulf which is projected to spawn a record number of hurricanes this year, is likely to make a mess of Gulf oil and gas production, and cause a hell of a spike in oil prices (which I read to spike all energy prices).
This stock is so cheap now Down >90%?, with the pending merger with MNLU, which would make this about .20 stock post merger at today's MNLU price, and MNLU is also way over sold (down over 50 to 70% IIRC).....with this one bouncing now, the markets world wide oversold (way down), and now bouncing, and summer nearly here, this could be a great time, stock and price to buy and hold till late this year for 100 to 300% move back up!
I just noticed they are still as of 5/21/10 holding a fair number of shares they paid almost $3 a share for as well. In spite of the editors recent published negative opinion, they are still stuck holding the bag on a fair number of shares as well.
http://www.otcjournal.com/disclosure/compensation/section/profile/
I still think this one is a Warren Buffet style buy the blood in streets buy, at this level.
GLTA
If I had the cash I would have caught the knife here recently myself. That said, what I was getting at is that one hand is washing the other here, and in the process inflating the current apparent asset value of the Cape ships it is selling from NM to NMM. While it is great for gaming the banks to loan more money against the apparent book value of assets possibly at lower rates, it inflates the numbers investors see as well in terms of stockholder equity, and asset value. One of their competitors just ordered a brand new Cape ship from Korea for delivery late next year, for half of what NMM is paying NM for the same size ship.
I have already been burned by DRYS, EXM and PRGN's shell games, so I am being a lot more cautious now. That said, this is the first sign I have seen of this sort of game playing with NM or NMM. Of course since NM is the general partner in NMM, it is almost like selling myself something, LOL, except they are both public companies with outside stock holders and banks loaning them money.
I hope you understand, I am not saying this not a good time to buy this one, I just don't like the smell of the prices they are using for the Cape ship deals, especially since they are not arms length deals, and I now know what the ships are selling for at an arms length deal (possibly distressed, but arms length current market price).
Oh, and congrats on the Mod position! GLTA
Not sure what you mean by Korea, but we are expecting a final signed deal in Korea next as I understand. 3M is an ongoing JV R&D effort already, as I understand it.
Care to explain exactly what you mean? That almost sounded like a threat?
That was quite some serious run up we had here today. I missed the boat this time.
Today may have been the bottom. BDI was up off the charts today, with Cape ship rates up 20% in one day! Earnings come out Thursday morning IIRC.
Today may have been the bottom. BDI was up off the charts today, with Cape ship rates up 20% in one day!