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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.
Good to see that we could hold and double bottom, hold the finb retrace line at $1.03 share. Strong support here makes this a buy IMHO. I am still very long here. Most stocks today (10:1 ratio last I heard before the last 30 minute dump)took huge hits down, while we held!
I think CBAK has reached the buy point, selling for 30% less than stock holder equity! Quarterly report came out last night, and the stock got hammered today, on a lack of huge profits.
http://eresearch.fidelity.com/eresearch/goto/evaluate/news/basicNewsStory.jhtml?symbols=CBAK&product=USPR____&provider=PR_NEWS_&storyid=201004261814PR_NEWS_USPR_____CNM020&hlinks=vnhl
AEXP held the .23/share 52 week low today and closed flat, no change at .24, so with any luck it has bottomed with a double bottom on a very BAAAAD day for all stocks and markets, and if the MNLU low today holds, it is still making higher lows, and it is at a strong buy point on both stocks. .23/share low for AEXP would put a value of .92/share on MNLU if the 4:1 stock swap goes through, so .92 should be a real bottom for MNLU if it ever gets that low, which I seriously doubt it will, unless we have a 10% mini market crash next.
I am still long here. Just read yesterdays quarterly financials:
http://eresearch.fidelity.com/eresearch/goto/evaluate/news/basicNewsStory.jhtml?symbols=CBAK&product=USPR____&provider=PR_NEWS_&storyid=201004261814PR_NEWS_USPR_____CNM020&hlinks=vnhl
While the chart is still bearish, This is a huge buy IMHO. If i did my number crunching right the book value, stock holders equity is about $2.60 or so a share, and it dropped like a rock this week to $1.99!!!! Look at the increase in sales, they actuall had operating profits again this quarter, a smaller net loss, most of the loss equaled the R&D expense, they have .50/share of cash in the bank, and so on. This is the most solid battery only, Li-ion battery company in the world (IMHO). And they say they will have net after all expenses profits the second half, starting with the current quarter, this year! I think speculators dumped it today, on a bad down market day, as they bought last week in hopes of a blow out quarterly profit this quarter, and sold the news on the worst possible day. If $2 holds, I will be adding here for the long haul.
GLTA
I don't know why, but I am still long. Glad I did not sell at $3, LOL. That was quit some bounce off the $3 area. Wishing I had added at $3 now and sold hours later at $4. All I can figure is a lot of short covering since $3, and people re-buying what they sold when it bounced. $3 may turn out to be a low, since all this nastiess peaked today, bad news, down direction on going for days, and one hell of a market sell off. Question is will the big boys start collecting and holding shares and move it up over $5 (Maybe they already have?)
GLTA
Unfortunately I have no clue. I am surprised at the strength here today, this is the only long I have that I am not getting my ass handed to me while holding today. Even my AA shares took a 4% bath.
I do know that the stock has tended to only rise significantly on news, like the Walmart sales. I won't be selling what shares I have any time soon.
I think people that did not understand the real implications, along with the world market sell offs here were a double whammy, and it is not the season for peak NG prices yet. I see it as a plus, as AEXP will get the cash it needs for well drilling from MNLU, and after the merger MNLU will get everything, as AEXP got back the rights (which will become MNLU rights post merger) avery was going to get for coming up with a little partner cash. Even more reason for AEXP to merge now with MNLU, as MNLU has the cash from its recent sale to cover well drilling costs and operating expenses. Merger should cut total overhead (no need for 2 CEOs...).
This weeks lows may the time to buy.
What I do not get is why people waited for today to sell, why not sell Friday, or last week? I wonder if automated sell at X price orders kicked in from people who were not watching their stocks closely enough, the buy and hold unless it moves way up people? The automated news services were dumping news this morning that it had rallied 25,000% today, LOL. That is enough to trip any sell and take profits auto order, for those who did not watch the recent news.
By the way, we hit and made a double bottom earlier today, one penny higher than the prior low, so if that holds it will rally now.
I wish any one stuck long here luck. This looks like another BEHL to me. FYI I just got an email pumping this one at:
http://www.investorflux.com/newsletter/
I am not biting on this one, but thought the regulars here would appreciate knowing a new pump has started.
GLTA
Or they may surprise on earnings, which could send the stock flying, and not need to do anything. At today's price, it won't take much in a positive shift on earnings to push over $1. I hit .90 just 1-2 weeks ago. Expansion of manufacturing capacity is always negative on the bottom line, until the new plant comes online and starts producing. When that plant comes online, look out, they already have back orders, China GDP is off the charts, and energy conservation, recovery and recycling will be a huge growth market for a long time in China!
The cheaper it gets, the more I will buy at these prices.
dfw5150, keep up the great work, loving your posts and DD, I fell much better about my recent falling knife buys!!!!!!!
I am in for the long haul on this one!