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That is in the Street news too, I found at Fidelity:
http://www.streetinsider.com/Press+Releases/CytRx%E2%80%99s+INNO-206+Rapidly+Shrinks+Human+Tumors+in+an+Animal+Model+of+Multiple+Myeloma/5584987.html
Question now is why are we down 7% on such great news????? On a big index market rally day to boot. MM's taking out week hands???
BUY the DIPS people!!!
Just no honor left among thieves, LOL.
What is this world coming to?
LOL
Trapped only if the deal fell through, and trapped because I started buying at .70, and added all the way down to .25, yes if the deal goes through at 4:1, AEXP is WAY oversold today!
Right now I am kicking myself for not having more shares!!!!
Edit: I had the wrong AMEC, is it this one?
http://www.thefreelibrary.com/China+:+Strategic+Alliance+Between+Turbine+Truck+Engines+and+AMEC+...-a0206568459
Aerospace Mitsubishi is a joint venture (JV) between five companies from China, Japan, and Malaysia. AMEC's sister corporation, China Aerospace Automotive Industry Group (Aerospace Automotive), has a 30% stake in the JV, and Aerospace Automotive will be the channel through which AMEC will access Aerospace Mitsubishi resources. AMEC intends to develop 150 and 400 horsepower versions of the DCGT. Once developed, the engine will be manufactured in Aerospace Mitsubishi's state-of-the-art engine assembly plant. The plant is already producing 100,000 engines annually, and is expected to reach 15 million units annually when the facility is complete.
AMEC and Aerospace Automotive are wholly owned subsidiaries
( CASIC Computer assisted survey information collection CASIC Combined All-Source Intelligence Center
CASIC (www.casic.com.cn) is one of the largest state owned enterprises in China and employs more than 100,000 people, over 40% of which are technical and engineering personnel. CASIC is comprised of seven research institutions, two manufacturing bases, and several production enterprises. Of the 150 CASIC subsidiaries, six are publicly traded companies publicly traded company on the Hong Kong and China Exchanges. The corporation is responsible for the development of China's space program and is considered the most technically advanced enterprise in China.
Michael Rouse, President and CEO (1) (Chief Executive Officer) of TTE, is in China for high-level meetings with AMEC officials, and he observed, "AMEC's access to Aerospace Mitsubishi's resources will speed the process to which we are mutually committed, and I am excited about the implications of this development for all TTE and AMEC stakeholders."
http://www.google.com/search?hl=en&client=firefox-a&rls=org.mozilla%3Aen-US%3Aofficial&q=amec+china+aerospace+CASIC&aq=f&aqi=&aql=&oq=&gs_rfai=
I am actually not invested here yet, trapped in AEXP shares that are scheduled to merge with MNLU now.
For all the bearish talk here today, this bloody stock closed green on a down day!!!! Glad I stayed long!
Nice to see some one with real experience in the business in our group here.
We typically only make solid rallies off of major new, news here. The good news on this volume, on a day that closed way down for the index averages, is that we did not sell off, and closed green on strong volume!!!!
While I like to do my buying on panic dips, I call this action today a solid buy signal for day traders or recent watchers that are not long here yet.
Many of them also promote their stocks at investor conferences, which also usually gets them internet press about same.
Thanks, glad I posted the issue, now I know the rest of the story. I was getting an odd feeling when I looked at their site, so probably a good thing MNLU changed their mind. Thanks for post, rest of the story.
Please PM me your email address, we can chat by email.
THanks.
Time to review the facts:
http://investorshub.advfn.com/boards/board.aspx?board_id=13310
I am a little concerned that this has not happened yet:
http://ih.advfn.com/p.php?pid=nmona&article=42192388&symbol=NB%5EMNLU
I looked it up, tried to find something substantial on it and could not. High tech waste water is my specialty. That said, the guy behind it, the guy they hired to spear head it, is for real based on what I could find on the internet. According to our CEO it will be not be a significant factor this year. I suspect the technology is something COIN is using and likes and decided to expand into. I find it disturbing that they are expanding into something else at this time, with ongoing losses. Sounds like an unneeded expense and distraction at this time.
I don't have PM ability.
I was a roaring bull on this one 6 - 16 months ago, but the recent events and manipulation scare the hell out of me. NM sold NMM a Cape size ship recently for 110 million, a 2009 year IIRC with a charter, then buys 1/2 off shares to help them pay for it (I think), while a smaller competitor a few weeks ago bought a brand new Capex from Korea for about 55 million!!!!!
I got screwed by EXM, PRGN and DRYS too many times to trust greeks anymore, at least from the buy and hold for ever standpoint. I made good money on NM and NMM in 2009, but decided not to over stay my welcome like I did the others. But I am till watching and learning here.
GLTA
So has the put option been exercised? IIRC MHAN is saying they are wrong, and is fighting them so far, is that correct? And Nordic covered their ass with the SEC filing to make it public, their stance.
I am still waiting for $5-7 to buy back.
ME TOO!!!!!
Sadly most of that funding is huge operations like GE, and Universities. But it is nice to see the funding moving along. We may be too far along developmentally for those type of grants. What we need is a full scale commercial demo grant in a JV with a forward looking power utility like SO!
From what I read, it looks like they bought 98% of the bank with massive dilution at .20/share by the Ford group behind the investment. Next is going to be a huge R/S stock split IIRC what I read today.
Somebody held the stock price up, don't know who or why.
This one scares the hell out of me!
Not sure i buy the statement "warrants already paid for". Warrants typically have expiration dates, and are typically exercised by buying new shares at the warrant price. If they were already paid for as new shares, why have they not converted them to shares?
It was nice to see strong up volume here today, as the news sounded very bearish.
The email promo I posted here recently was reimbursed by MNLU, for cash. See my earlier post.
That said, I am soon to be long here if the AEXP merger goes thru.
Somebody dumped 1000 shares of AEXP at .13, late today at 35% off the going low price of the day ( I nearly got them, @%#$@&^, missed by .005/share).
Natural gas futures got hammered today down 8% last time I looked.
But nice to see MNLU rallied with the markets.
Yep we are off to the races it seems. No real idea what the P&L is currently, but they indicated in the last report that the 1st quarter sales were 80% from break even, so the cash burn rate must be slowing rapidly.
Nice! Loving my .41 shares right now, and holding.
We had some considerable volume today.
I agree. And that is no doubt based on natural gas at prices that are 20% of their 4 year highs!
Been there, done that.
I don't recall anything significantly new lately, just the same great PR press machine running along on schedule. It is nice to hear the steady flow of press on this one, letting know it is still alive and kicking.
Any idea why the price dropped 10% at one point today?
Never mind, this was in the quarterly report, might have spooked some longs combined with yesterdays sell off:
"On February 8, 2010, Navios Partners completed its public offering of
3,500,000 common units at $15.51 per unit and raised gross proceeds of
approximately $54.3 million to fund its fleet expansion. "
Never mind, I see it, just read it. Wonderful, a pissing/dilution contest, just what we needed.
Where do you see a fight, or signs of a fight? If they exercise they have to pay MHAN cash for those shares.
PUT option? You mean Call option?
Awfully quite here. New low today, 15% below the previous hard supporting low at .23 that had held so well this year. Bid is nearly half of the high 1-2 days ago, down .12, close was .20/share. Based on the price of MNLU (which has also fallen way too much), AEXP is way under priced based on the pending 4:1 stock swap / merger with MNLU, but both stocks keep dropping. AEXP volume on the drop was not very high either.
MNLU is now flush with 28 million in cash after drilling one well for $.7 million, selling the well and part of the local rights for 28 million, and they are now buying us for stock, 4:1 stock stock swap, so although this may drop further first, I think it is way oversold already, and so is MNLU. I think the market sell off, and the news on Avery(?) backing out on the partial cash support for a well project spooked some day trading investors, but MNLU has plenty of cash to do the wells, so post merger, or maybe even pre merger MNLU should cover the drilling costs as they have cash burning a hole in their pocket.
I am holding for $3, then I will sell 50% of my longs.
Patience. It is like hunting and fishing, waiting for the game to come to you.
Volume here is about 1/2 the 10 day average today.
So I wonder what research project my old friends at U of H (Michael J. Economides) have up their sleeve promotion wise? No doubt this a prelude to pushing for funding for an alternative.
75% increase in profits was in the news, another new 52 week high, we are going higher here folks! Analysts missed the boat on this one!
Am I talking to myself? LOL.
I don't see why it would not go through, it would be a huge loss for both now if it did not.
This was one of the few longs I have that bucked the trend down today!
At this point I am deep in the red, down maybe 15% but will hold it for the long haul, 1-2 years out. Word is this one will survive, and thrive. May be bumpy along the way.
I am very close to adding here.