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Today may have been the bottom. BDI was up off the charts today, with Cape ship rates up 20% in one day!
It may be time to stock up here. It looks like the market have bottomed, and I am seeing early signs that the alt energy news engine may be getting primed to pump alt energy stocks with the BP oil spill as the back drop, and NG is in a way an alt energy preferred choice!
It may be time to load up here. The market have bottomed for now, and the BP oil spill looks like it is going to turn the tide on news about alt energy, which is across the board sold off big time. I got some clues today that the news machines may start pump alt energy stocks next with BP as the back drop! I am still long here, and may add this week.
This is definately one that refuses to die, buy the dips was .255 today, and closed up nearly 100% from that low!
Considering people were watching the windows on wall street this morning for jumpers, and taking beats on it, we had an even nicer day here today than most of the market by the close.
More signs of life here. Considering people were watching the windows on wall street this morning for jumpers, and taking beats on it, we had an even nicer day here today than most of the market. Up 6.35% on the day.
Considering people were watching the windows on wall street this morning for jumpers, and taking beats on it, we had an even nicer day here today than most of the market. Up 22% here today, I guess in part on this news, and panic buying as the market turned back up.
Rather quite here lately?
Up 4.4% today at close, after a nasty extremely bearish market open today in the wrong direction.
Nice 12.6% gain today.
Let me know what you find. Volume spiked today, and price jumped off a cliff.
Wow, I am still trying to back up off the floor!
Just when I thought COIN could not surprise me this year, they take over, acquire an 856 acre farm, that is income producing. Are we going back to $2 this week? Or do we wait for Walmart to carry the farm produce news? I know one thing for sure, COIN is going somewhere fast, I am just not sure where anymore, up or down.
I always look at pink sheets now to see if that .01 is real (that is what Fidelity was showing me too), or BS. At the close the real bid support was at about .05 and .0328, see:
http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=mhan
Also, I had a long drawn out discussion with my broker recently, and discovered that triggered orders, buy if, sell if, all or none share quantity orders (which I use), never show up even on the level II bids!!!!! So do not put too much faith in them!!!!!
There are 2 SEC reports that just showed up tonight at:
http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=mhan
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=7277204
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=7276856
I printed out the big one. It will take some time, to digest all that is there. In the mean time I put in a low ball bid for a lot more shares on the off chance any one is dumb enough to dump shares. I am still a believer in this one. I hope, Nordic has sense enough to negotiate some sort of preferred share deal, back door with Nordic, or something of the sort, to avoid massive common dilution beyond the huge OS we already have.
GLTA
I am not worried. I have watched this one go all the way to .02 on a large stock dump one day, only to rise back up from the ashes like a phoenix to .17 while the rest of the market has nearly crashed in a panic sell off. I am doing much better here this month than with CABN shares (but I am holding and buying both at the lows).
This was just someone dumping shares at the bid (market sale) not willing to wait.
Actually, if the oil moves a little closer, we could just start mining surface oil, and get rich that way! LOL.
One thing is for sure, the demand for beef, chicken, and non-gulf seafood is going to rise for a while!
Well I am already impressed that there is even a real patent application on file. Thanks for posting it DD.
That said, it will take me a week or two, of reading and other research to decide (My opinion) if there is something here of real substance, partial utility, or just fluff, or pure BS???? I did email copies to 2 MD friends of mine (one is my brother, recently retired), that are open minded (not typical AMA-ers), to get their views, but that may take some time to hear back (they stay busy).
For now I am willing to give them the benefit of the doubt, meaning this seems to be an attempt at a real company, and real products, with some possible patent protection someday.
They still need to get some serious sales going this year. While I am impressed to see news of any sales (compared to say 6-12 months ago), the sales so far are nothing to right home about, but we must all start somewhere. I will probably kick myself for this, but I actually added a 1000% increase in my share holdings on this one, at a price of about 3-4% of what I paid for shares I bought about 6-12 months ago, and still own. One thing is for sure, they have a solid price on the products (this is no Walmart product, LOL).
On the price drop recently, not surpized to see profit taking, especially after the recent run up, and the recent market wide lows (and near panic sell offs twice this month, the last one being in the Opex week) across the board.
I got a newsletter this morning from the guy that I think first got me looking at this stock. I emailed him Friday for an update. While he did not reply directly to me, he did finally post an update on his position with CGYV (But he is day late and dollar short as the saying goes). While I disagree with his rather late up date opinion, I felt I should copy it here, so others can make up their own minds. From:
http://www.otcjournal.com/archive/listserv/20100522-1.html
"China Energy Recovery (OTC Pink: CGYV): My largest personal embarrassment in the China space. This company doubled in size every year from '06 t0 '08. Just about one year ago today when the company announced unexpectedly bad Q1 '09 numbers I simply should have dumped it and moved on. I don't have any idea how the company did in Q4 of '09 because they haven't filed their audited numbers. Their investor relations people tell me there's a disagreement between their new auditors and their old auditors, and hence they can't get the filing done. Now, they are behind on Q1 as well. Despite this atrocious lack of regard for their status as a public company, they were still in London at the Rodman Renshaw conference talking themselves up. Why?- I have no idea- what can you tell investors if you don't have numbers? Disgusting. No reason to keep this one on the home page any longer. As a result of all this pathetic behavior, they have lost their status as a fully reporting public company, and now trade in the relative obscurity on the OTC BB Pink Sheets. It's not the final chapter, so I'll report when the numbers finally come in. Frustrating situation. If you want more information, contact their IR guy- Adam Friedman- 212-918-2529 x18 or email: adam@adam-friedman.com.
------------------------------------
So, there you have it, nothing we really did not already know, and no helpful insight, except that they have CPA's fighting over which lies to use in the finacials (Most of the junk in financials is so twisted and impossible to make sense of anyway these days, and nearly useless, unless it is just shear disaster, and they admit it, or it shows a huge increase in real sales and profitsd, but that news usually precedes financials anyway).
I still think the long term trend will make this company a huge winner, so if we see .15-.30 prices again, I will still be adding shares. I love buying a $6 stock for .15/share. On the other hand if I had payed $3/share for this one, I'd pissed off about now, LOL. Needless to say I have a few of those too, just not this one.
I just emailed Adam to see if he could shed any light on things here for us. I still think the recent signature loans news for the new plant construction tells us we are here to stay, even if there was bad news in the coming financials. Let's face it, The demand for energy recovery has no doubt dropped recently, with lower fuel costs the past 12 months, but they are going back up, and China has made and is making commitments to curb GHGs, which is more easily done by recovering waste heat and converting it to energy for reuse....And i like buuying bargains, when they are being dumped and walked away from. I did great buying SIRI at .12 share last year!
GLTA
I have been watching this one recently, and looked at the financials summary on the IHUB page today. Several interesting things here, but what worries me is the negative equity and negative book value. Tangable Book value is listed as -0.51/share on the Ihub data? Any thoughts on this? Is this old data perhaps?
Nice find! I have an order in for more shares, if the price goes any lower!
While you all may be right about them giving us the shaft, I have other biotech stocks like this one, that ALL have gotten hammered just as hard, if not harder the last month or so, and they did not screw the investors over, so I think much of the decline here is also a sector drop, and market wide, world wide stocks drop. Even Pfiezer and Novartis have gotten hit hard recently. NVS is 25% under its recent high. CYTR has dropped nearly 50%, 75% from 52 week highs IIRC, and it is selling for a 1/3 to 1/4 of what it is worth. RXII is down 60%, and so on.
Now that many biotechs have been pumped up to float new shares and refund them for 1-2 years, I wonder if this is a bottom, and if so how long it will last, or they are all going lower first. I am still holding all my shares, but having second thoughts about biotechs the rest of this year, except maybe the blue chip ones paying diividends.
Still long ANX, but have not added. GLTA
Impressive, most impressive.
Thanks for sharing such a deep understanding of how that all works out.
How much did you loose here Friday?
LOL.
WE kicked ass I do believe! Up 128%. Next target is back to .90
Still pissed I could not get any of those .25/.15 shares. I still think some MM tried to play this one down during the crashes.
Don't know who is still here, but I have made 2 buys this week at .68 and .71. I sold all my shares many months ago right after the dilution news, but it seems to be priced right again.
This stock has shown major hard support at .68 this week, while everyone is panicking and selling. WE closed up almost 5% today, on no news, and during the largest drop in the stock market in one day for this year! I think it is time to nibble on this one folks!
MM's are still playing some kind of game here, there was a huge volume of buy orders at .37 to .60 early today (not enough shares available pushed the price up to .60 I think), then they ran a tiny order through late in the day again to bid whack it way down below all the days earlier trades. My guess is they are still trapped short, and in trouble! At least we got a higher close than yesterdays absurd low. Somebody bought about 33,000 shares at prices as high as .60 earlier today! Then a sell order went through at .25 for 6,000 shares near the close. Some MM is painting the tape again. Not sure why, but I am not buying the games. I am long, and if they whack it down further, I will double my shares, and buy more, and take advantage of the panic.
This stock is not a scam. The entire world markets are, and have been sell off, correcting, and all Nat gas stocks are getting dumped, ones like this one that are a little more speculative even more so. 6 months from now this stock could be at $2 if the next 2 wells come in with good results. One of my other stocks that was way down, got really hammered yesterday, was down 68%, today it is back up 275%, CYGV! I caught the knife on that one, and today I am doing quite well for my troubles.
Admin still has not fixed the trading symbol here. I worry about the chart issues too.
Good news is we rallied to .60 this morning, up 275%, that should wake up some bullish buyers today! My .165 bid never did get filled.
I am wondering what rallied the stock so high?
No but I watched RUT (Russel 2000) pass through 666.66 at least twice today, LOL.
Thanks.
I found this nice write up:
http://otcjournal.com/China-Energy-Recovery/CGYV/af/profile/
"Known simply as Mr. Wu by those who know him, this man is the Chinese version of a great American success story. 35 years ago, Mr. Wu was the head engineer in the People's Republic of China for a government agency responsible for creating industrial efficiency technologies. 15 years ago Mr. Wu's agency was converted into a government owned business developing waste/heat recovery systems called China Energy Recovery. In the 90's the Chinese government began to allow the privatization of government owned businesses, and in 1995 Mr. Wu privatized China Energy Recovery, which he financed with a $5,000 charge on his credit card. At the time he had 12 engineers and a COO, all of whom still work at the company.
Despite being the CEO of China Energy Recovery on track to generate over $20 million in revenues this year, Mr. Wu still lives in a modest middle class apartment in Beijing and takes an annual salary of about $5,000- 20% more than the mean white collar annual salary of about $4,000 in Beijing. Today, China Energy Recovery has 80 full time engineers on staff, and will be expanding that number to 120 to 150 full time engineers by the end of 2009 to meet the accelerating demand for their systems.
This publication is the first real coverage of China Energy Recovery offered by anyone, and you have the first look opportunity. If you like this company and you want to invest, consider your own investing strategies. You need to figure out the best one for you, and stick with your discipline, but in my opinion CGYV is worth at least 70% of the value of (NASDAQ: ERII), Energy Recovery Systems went public in July of this year and it was one of the few successful IPOs in 2008. The market says ERII is worth $330 million- CGYV would be worth $231 million- divided by 30 million I&O - you have a stock in theory worth $7.70 per share. ERII is a little bigger, but CGYV is growing about 4 times as fast and has 36% fewer shares I&O."
more:
http://www.otcjournal.com/otcb/china-energy-cgyv-chugging-back-up-the-hill/1022/
"
I was in Europe for 2 weeks and fell a bit behind on my correspondence and blogging. When I returned I spent some time plowing through emails and BLOG comments, and was both surprised and entertained by the reaction of some investors to CGYV’s recent pull back to the low print of $1.50. Pretty funny stuff. This formerly hot China stock has cooled off considerably.
For those who are interested, you might want to check out this Bloomberg interview with the investment banker who financed the company. Click here to view the video. It was a pre Asian market open on Thursday, the 11th.
I don’t know why the stock pulled back like it did. I suspect it had a lot to do with a delayed reaction to Q1 numbers, which were admittedly abysmal.
One might easily believe the company, after three consecutive years of double digit growth, had fallen on hard times after looking at the Q1 numbers. After all, the company only delivered $1.5 million in revs in Q1- not much relative to expectations of more than $30 million this year.
This is of little or no concern for those who understand this company’s business model. It’s not the kind of company that delivers consistent daily sales. It’s a large project oriented company, that does a lot of work in house before delivering. Then, they get to book about 90% of the revenues. The rest comes over time.
The company delivered on a rather large project the first week of April which they had hoped and planned to deliver on in late March, so a big swack of revs won’t book until Q2, which should be a good quarter.
In the interim, I find it interesting that none of the whiners about this stock are making much of the $5 million financing the company closed. This was a convertible security, with a 9% coupon, that converts at a non adjustable conversion price of $1.80.
Consider what this means. This is a Hong Kong based fund. Their analysts went directly to the company and performed extensive due diligence. They came away with the impression they could make a significant return on their investment from $1.80 per share in CGYV. True, they get 9% while they wait, but if you wanted to put up $5 million, you might be able to get the same.
That’s the first thing. Second, and perhaps far more intriguing- what are they going to do with the money they raised? After all, if you look at the Q1 balance sheet, you don’t see any need for the cash- at the end of March they had $4 million in cash, $4.75 million in receivables, and $9 million in inventories against $2.9 million in payables- that’s pretty strong.
"
This was posted about 12 months ago, and may be relevant still.
And found this:
Coverage Period: September 13, 2008 - September 13, 2009
Company Symbol: CGYV
Compensation: MarketByte LLC has been paid a fee of $40,000 and 100,000 shares of China Energy Recovery for coverage of the company. TGR Group LLC, a company affiliated with MarketByte LLC, has also received $40,000 in cash and 100,000 shares of China Energy Recovery for coverage of the company. In addition, MarketByte LLC has managed a budget of approximately $500,000 for DVD production and distribution of video related to China Energy Recovery. All costs associated with the DVD production were pass through in nature, and MarketByte LLC received no profit and or additional compensation of any kind with regard to DVD production and distribution. In additions, the editor and affiliates have purchased a total of 59,840 additional shares at an average cost of $2.84 per share. The aforementioned shares may be sold at any time without notice. Transactions are disclosed an updated weekly on the web site.
Current Position as of 05/07/10: 48,023 Shares
Total Dollars Liquidated as of 05/07/10: $253,162.02
at:
http://www.otcjournal.com/disclosure.php
I never did figure out the final details on the black rock stake, but I started nibbling and buying shares back this week, at .71 a few days ago and .68 today.
.68 seems to be a hard floor, strong hands holding it aat or above it. It is also an ALL TIME low, and earnings came out yesterday or monday(?), and the losses did not seem to be too bad (I have seen much worse), leaving lots of cash on hand, and the 38 million dollar DOE grant (shared with Exide) has not even been tapped yet, so I am back in long now.
Forgot to mention I bumped up my shares by 35% today, bought another mess of shares at .15 this morning.
Signs of life here today and in CASB again!!!! And on a nasty down day, and down week, and down month. I noticed other banks like C and BAC were up today too.
LOL, Losing money, what a name. I get it, believe me I do!
I waited and bought at .61 and .40, got an order in for more shares at .165 right now. All I can say is go back and read the last 20 posts for reasons to be long term bullish. My reasons are that it has had reported real earnings in the past (not a start up wanna be), 40 million dollars in back orders, a price drop was to be expected as they spend more than they earn while financing the new plant expansion (that is why I waited till now to buy!), but once the plant goes into production, earnings should return. They got 4 million in unsecured financing 2 months ago (2 different investors, 2 million each) to fund the completion of the new plant, so somebody thinks their signature is worth 4 million dollars! Also, the due date on those loans, 2013(?), has a stock for loans conversion option (I forget the details, it is in older news and older posts)
Also, I do not believe this .15 is a real price at the close, just MM games BS being played while people get their bearings again due to the symbol change BS going back and forth. Let's see where the price is in a few days when the dust settles. The CEO did file a form with the SEC, just not the one we want, and not on time, yet 2 days ago they were making an investors work shop presentation (in London?), and the share volume spiked way up today (new investors?), before the price game began the last 2 hours due to the symbol change and SEC report that we might loose OTCBB status. But, Look at that chart volume I posted earlier.
US companies probably pay more attention to filing timely reports (mostly lies, but filed on time, LOL), while these medium to small ones in China are likely to be late at times dotting i's and crossing T's, IMHO. I could be wrong, have been before, but I have been watching this one for over a year and bought my first batch at .61, more at .40, could of cashed out 2 weeks later at .90 IIRC, but I am buying here for the long haul now.
GLTA
ThSeeker did some great DD today, talked with MNLU today, looks like the deal to merge with MNLU is a full steam ahead, and our MNLU shares will not be restricted after all!!!! Looks like it is time to load up with supper cheap, way over sold shares here (IMHO). I bought more today, a lot more. Here is the link to his blow by blow discussion of all the details on what is to come with MNLU as we move towards the merger, and merge....
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50373492
Great work ThSeeker, thanks for sharing. I think both these companies are way over sold now, with seasonal NG prices at a low, stock markets way down, and I can't help but wonder if some shares of both companies may be short now, a change in the wind in all three could move these prices way up very fast. We got a taste of that about a week ago when we rallied off the flash crash lows.
All of that news is very encouraging indeed.
I finally got some chart data, looks like someone dumped about 100 shares twice, once at 1 pm, and again about 3pm at .15 (market sell I guess, and my order was all or non for a much larger lot of shares, not a market order), and then about 6000 shares were bought in between those two 100 share (apx) sells, and the 6000 shares went for about .37/share. I think some dirty b*stard was painting the tape to scare and shake loose cheap shares with this game today!!!!
hope this link works, chart I finally got some volume-price data out of:
http://ih.advfn.com/p.php?pid=webchart&btn=s_ok&ihsymbol=&ihpagelist=Quote&idtddm=&symbol=USOTC%3ACGYV&s_ok=Get+Chart&period=0&drawmode=3&size=18&volume=1
We got an SEC report today (try pinksheets or Fidelity or the SEC directly, as it does not show up in the HUB yet, ???), seems MM's knew something was up yesterday or even Monday. We are back at the CGYV symbol now, they swapped us mid day today (1 pm EST?). Something fishy went on late today, I had a bid in that was cancelled at the open for CGYVE, then the symbol changed at 1-2P EST as far as I could tell and bid fell to .15, some shares sold at .15 and passed up my bid at .16, then prices went back to the mid 30s, .37 and .34 as I recall, then back to .16 (my bid had been raised by then) and finally closed at .15 and never filled my order. I don't think more than 2000 shares sold in the last 2 hours (I was watching volume the whole time), but the symbol change dorked up the charts and volume (no charts or volume charts worked after about 1 pm for CGYVE or CGYV)) so I have not been able to get or find any real trade data for the the last 2 hours when they hammered the price down. I think the low price sales were market sales and MM's that ignored other standing orders, when no one was able to watch them, due the symbol change.
I do not believe .15 is realistic pricing, but if they scare enough people, in this kind of down market, they can create reality, out of insanity. CGYV was presenting 2 days ago an investor conference which might have boosted volume this morning. We were holding the price up pretty well on over 13x,000 shares today before the games began. Likely there were no bids to protect the stock except MM bids when they finally changed the symbol and then the SEC report showed up. Evidence being that they canceled my bid for CGYVE instead of carrying it with the symbol change that removed the E. What a rigged game, BS in my opinion. Nothing has changed with this company, except that it might be relegated to pinks sheets for a while, and I am not sure that is a done deal, kicking them off of OTCBB so fast?
I had orders for shares between .20 and .16 all day today that never got filled!
Will this message board get moved back to CGYV tonight?
We got back up to .075 at one point today and bounced up to .07 late in the day off the .06 price. Lots of volume today, more than typical. Stocks world wide are not looking good at all, but this is OPEX week, and next month is mutual fund quarterly dance contests month. I noticed an SEC report today saying one of the due reports was going to be late. My guess is they are negotiating with Nordic (sp?) over the dilution issue / battle, and delayed the report till they settle the issue.
I am not feeling as bullish here as I once did. This Nordic battle and the markets change in direction is not looking good. On the other hand, the stock price has not collapsed either, even with the large increase in volume.
GLTA
4 shares of AEXP will be exchanged for 1 share of MNLU, IF the deal is completed with no hitches (no unpleasant surprises).
Jesh we got down to .122 for AEXP, will this never end?
Most stocks and markets are getting beat up. I bought more AEXP at .15 this morning.
Well they are in the fertilizer business, LOL.
Symbol is back to CGYV, report was filed.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7257353
Pink sheets level 2 shows bid down to .15, so put in a bid at .16 to add, if there is a sell off. Volume is up a good bit today!