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Never know, they may have an another aquizition on tap, and need the cash to buy another fertilizer company!!!!!!
Don't forget your seat belts, and get strapped in for the ride!
I am no expert in this, but I suspect from what little I have read is that MNLU is going to plow some of that 27 mil into the new wells on land AEXP is holding. AEXP was an engineering firm, then did an upgrade ( I forget the exact details) and took over a bunch of land and was raising money for the early wells. I think early AEXP investors got on board because of the AEXP people's experience (O&G engineers?) and the land deal they made.
This says they have an option for more land
http://www.americanexplorationcorp.com/projects.htm
5000 acres may be what I was recalling. For the amount of NG that area is expected to yield, 5000 acres sounded like a lot to me!
News history:
http://www.americanexplorationcorp.com/news.htm
Their last dilution was at $1.16 IIRC, so it is holding up well on the back door raising of operating capital while it works toward the break even target. This news may help it hold up at over $1, which it needs to satisfy the 10 day Nasdaq delisting notice issue (Which IIRC, still needs the price up over $1 for several more days...yep today is day 7, needs to stay up over $1 for 3 more days after today). If an outside institutional investor is popping for 2.5 mil at $1.06, that reaffirms that we should be near the bottom finally.
This one has pending dilution, massive distribution, and penny scam pump written all over it from the looks of the earlier posts on the forward stock split, and lack of current float.
Do they have any real operations yet, or is it just a wanna be company with a new "I wannabe this" story in a hot topic area?
I am curious as to why the stock took a 50% hair cut in July last year.
Golden cross?
Great write up, thanks!
I think that is old news, and they have managed quite well inspite of that situation for a very long time, with major share dilution.
I think they will pump it up to something $10 to $15 after the split, then dilute, but then it will be a very small number of shares at a nice higher price when they dilute.
http://www.energymv.com/MNLU/2010_03_30_landing_02b.html?c=JMD&s=MNLU&d=2010_04_20&l=202
Newsletter today is pumping MNLU, our soon to be new name.
80,969,502 OS, and float is 78,029,518, and AEXP will be absorbed for about a 20% increase in the net OS of MNLU. I got a news letter pump today saying the Kennedy family is a big stock holder in MNLU.
http://www.energymv.com/MNLU/2010_03_30_landing_02b.html?c=JMD&s=MNLU&d=2010_04_20&l=202
IIRC AEXP went public as AEXP at about 6-7 times the current price just about 6-7 months ago, so it is basement bargain now to MNLU. AEXP has the rights to a huge, massive share of Hainsville properties.
Then we need to put on the squeeze on and see if those bears can handle staying short at $2/share!
What makes you say that?
I am wondering why the stock price did not move on the news today. I just got the news myself, but it came out during market hours.
On the surface it sounds like incredible news to me, but we don't have the complete story yet. The news might explain the recent rally last 8 weeks. Perhaps they plan on using the bought/merged company to build small motor cycle engines as new product?
Reading the new 10K I just found this about our inventor:
Dr. Naveed Aslam—Chief Technology Officer. Mr. Aslam has been Chief Technology Officer of the Company since January 7, 2009. Dr. Aslam is an accomplished scientist and molecular systems expert with over 14 years of industry and research experience. He was recently recognized by the U.S. Citizenship and Immigration Service as an alien of extraordinary ability, and was awarded an O-1 employment visa. Dr. Aslam has authored over ten cutting-edge publications on chemical engineering, biochemical engineering and biomedical technologies. His most notable contributions to the scientific community are: (1) the development of the world's first computer aided process engineering (CAPE) design tool for using supercritical fluids to develop next generation chemical and petroleum processes that are cost effective and environment friendly; and (2) the development of the world's first non-linear computational tool for modeling biological processes related to inflammation and memory loss for the development of drugs against cancer and Alzheimer's disease.
Dr. Aslam has served as a technology advisor to Carbon Sciences since 2008 and is the inventor of the Company's breakthrough CO2-to-Fuel technology. During the early part of his career, Dr. Aslam was a senior process engineer for Saudi Basic Industries Corporation (SABIC), Riyadh, Saudi Arabia. At SABIC, his duties included responsibility for all aspects of process engineering during the preliminary and detailed design phases of 125,000 tons per year ethylene manufacturing plant. From January 2004 through August 2005 Dr. Aslam was a Research Associate and Instructor at the University of South Florida, Department of Chemical Engineering. From September 2005 through January 2006, Dr Aslam served as a Post Doctoral Fellow at Florida State University School of Computer and Science, Tallahassee. Also from January 2001 through December 2008, Dr. Aslam served as Post Doctoral Fellow at the University of Texas.
And this guy is no slouch either:
Roland F. Bryan – Director. Roland F. Bryan has been the President, Chief Executive Officer, Chief Financial Officer, and Chairman of the Board of Directors of MachineTalker, Inc. (MTI) since its inception in January 2002 and the Secretary of MTI since May 2006. For the six years prior to founding MTI, Mr. Bryan was self-employed as an independent advisor to several high-tech companies on corporate organization, management, marketing and product development. Mr. Bryan’s professional background is in the areas computer science research and process control through computer automation. During the last 25 years he has built up and sold several high-tech companies in the fields of telecommunications networking, military computer systems and commercial equipment for network access. In 1974, he founded Associated Computer Consultants, Inc. ("ACC"), a company that implemented interconnections to the first packet network for many United States government agencies. In 1983 the name of the company was changed to Advanced Computer Communications, Inc. and continued to produce networking products for both military and commercial applications. ACC made the Inc. 500 List of Fastest Growing Companies in 1984. In 1991 the company was split into two separate businesses, one to concentrate on military products, the other to concentrate on commercial products. Ericsson acquired ACC in 1998 for $265 million. In September 1994, WIRED MAGAZINE honored Mr. Bryan and 18 others, as the "Creators of the Internet." Mr. Bryan’s long and successful career in building and growing technology companies made him qualified to serve on the Board of Directors
All I can say, is impressive, most impressive, Obiwan has taught him well!
Of course we all already know what a winner Byron is and his AOL background.
If those aren't huge great reasons to buy this stock, I don't know what is (other than our first order that is, LOL)
Also of major note is the huge insider positions!!!!!!
Common Stock
Byron Elton(2)
9,583,333
5.4%
Common Stock
***********************
Naveed Aslam (3)
3,361,111
1.9%
Common Stock
***************************
Roland R. Bryan
250,000
Common Stock
***********************
Daniel Nethercott
450,000
Common Stock
***********************
Derek McLeish (4)
46,750,000
26.36%
Common Stock
*****************************
Richard Travis Beifuss
10,015,000
5.65%
Common Stock
*************************
John C Beifuss
12,000,000
6.77%
Common Stock
All Executive Officers and Directors as a Group (4 persons )
13,644,444
7.7%
I see that CGYV is now CGYVE, but I don't know why? Any one have details?
Do we need to start a new board, or can we rename this one?
Nothing like a green stock turning green!
Depending on the question, they may not be able to legally answer it currently. I don't know all the details, but there are rules they must follow as to what they can say in a non-public format, and there are sometimes mandatory quiet periods involved before certain actions, so silence may not mean much, and email has it own issues. What was the question?
True, but they put out way too much detailed news of the pending merger for it not to happen, IMHO.
I think it will be a great deal for both companies.
An old friend of mine (he has been a successful investor since 1929), when I mentioned it to him a few months ago he told me he bought a bunch of shares already of AEXP, he said he knew the founders, and bought in because of them.
GLTA
Will be interesting to see where the price goes when someone orders a million shares at market price. My guess is Lunar orbit.
While I was kidding, I had forgotten the revenue model you just mentioned (I vaguely recall seeing it once). I always knew that MVTG would need to depend on that sort of an arrangement.
But yes, I was joking around. I get kind of giddy when holding shares of something the bulls are about to find and feast on, LOL.
Seems MNLU has traded from $1.62 to $1.46 Friday, while AEXP closed only at .28.
.28x4=$1.12, so with a 4:1 stock swap pending, AEXP is way under priced!!!!
(1.12 - 1.46)/4= .085 underpricing of AEXP shares today.
AEXP should be trading near .36 or higher.
AEXP is merging with MNLU at a 4:1 stock swap, and AEXP is only .28 at the close friday!!!! .28x4= buying MNLU shares at $1.12 once the merger is completed (assuming it does goes through, which seems to be a pretty sure thing), unless I missing something?
I am VERRRY long on AEXP, started buying AEXP late last year at .70!!! (which would value MNLU at $2.80 based on the 4:1 stock swap merger that is pending) and averaged down as it droped and held at .23. Both of these companies look like they have a great future!
Also, it looks like AEXP swaped shares into MNLU will be initially restricted (Still trying to get more details on that, meaning new MNLU buyers, but no new sellers at first.
Pending merger with AEXP at a 4:1 ratio stock for stock?
I don't see any way they can get to nasdaq any time soon. Too many hurdles, unless they sell 30,000,000 shares after the R/S at $10 share, and buy somebody that brings Nasdaq with them, which I would not put past Ichan to pull off!
I agree, it is pretty clear that Nasdaq is not on the table at all.
What worries me is that while doing a 25:1 ratio R/S split they have admitted that they will not reduce the total shares allowed to be issued in the corporate charter! That tells me they have big plans to raise more cash, a plan that plays out like this maybe.
1)The R/S happens friday next week at the close.
2) the price gets pushed from $5 to $20 the next week (or something like that pretty soon, week, month? using the pending FDA meeting to start another feeding frenzy perhaps?)
3) They announce some huge new stock sale back door deal at $10/share and price collapses from $20 back to 5-10 range, but it gives them a huge cash hoard to go buy ?????? who, or what?
The fact that they are leaving the door wide open for a huge volume of stock to be sold at above $5 after the R/S, is very telling in my book. And the gamesters always run the price up 100 to 200% before they dilute again to justify the price of the new shares and to pre-support the new dilution.
I only had a few shares left, but added a bunch at the close friday, and I will add a lot more if the price crashes under the .20 support, as I suspect it will close Friday at between .20 and .30 to set a Monday price above $5, April 26th.
I WILL not get caught holding the bag this time once it runs up way up, just before they announce what ever bombshell they have planned after running the price up 400% again!
What is revenue?
LOL!!!
This has got to be one of the least traded, quitest stock, low volume, potential gold mines I have ever seen.
Did you see anything else interesting in the report? I am too busy these days to do all DD reading I would like to do.
I raised my stake 33% on Friday when I could see .08 holding on such a nasty down day for the markets.
I can't get that link to work?
Major private investors to do not buy a stock at .07 in expectation of the price staying at .07 for long.
But "We will see"!
Thanks for setting this up. So what are the details on the warrants. Expiration? Price they can be exersized at? Is NNAWS the ticker for the warrants? Any other symbols, preferred shares?
I still see it all as bullish. More cash in the bank. I consider the fact that they could raise the cash, swap stock for their own debt (400,000.00 for stock), add to the product pipeline with a merger takeover all very bullish for what was a near death experience 13 months ago.
I have seen great companies dilute to raise cash selling shares at 90 to 75%% off of retail prices in the last year, and thus crush the retail price when the announcement came out. MHAN actually held the line and actually got a significant addition to its product pipeline, in exchange for shares, and a >1000% increase in cash needed to continue operations, with stock sold/swaped for about .08 (?) share to raise that cash and add to the pipeline!
Still long and bullish here.
Greener, I got your PM, but sorry I have don't PM ability. I am way too busy this week and probably next couple of weeks, seriously way snowed under....
That said, I should have mentioned that the existing CO2 recovery system at the power plant, its owners, may be partnering with MVTG as they would have an easier time selling their CC systems if it came with an exclusive conversion to products process, namely MVTG tech. There a number of international companies vying to be the first and best at CC tech, so looks like one of the smart ones is taking the next step!
Not only were those warrants, that are up now about 400% in a short time, but I was right, there is a third company that was a shelf IPO in 2008 sitting around with idle cash that NM is quietly using to buy a huge mess of tankers with, in 1/2 billion dollar new tanker fleet! And NM and the NM CEO will own and invest in part of it!
http://online.wsj.com/article/BT-CO-20100408-710844.html?mod=WSJ_latestheadlines
I still can not find out if those are warrants for this third company, or what? A lot of major quite stuff going on in the background here! More hits here:
http://www.google.com/search?q=navios+maritime+acquisition+corporation&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a
I think we should discuss this here a while, and then start a new board for the sister company once we get a clearer picture.
Quote:
"Navios Maritime Acquisition Corp. (NNA) agreed to acquire 13 vessels for $457.7 million, becoming the latest tanker company aiming to take advantage of historically low prices amid a shipping slump.
Navios Maritime Holdings Inc. (NM), the company's sponsor and principal shareholder, and an affiliate of Chairman and Chief Executive Angeliki Frangou have agreed to acquire a total of $60 million of NNA shares in connection with the purchase.
Marine-shipping companies have seen profits hurt as shipping demand has suffered in the weakened economy and as new ships ordered during the commodities boom come on line.
The acquisition includes 11 product tankers and two chemical tankers. The company also has options to buy two more product tankers for $40.5 million each. The purchases will be financed with $123.4 million in cash and $334.3 million in debt.
The sale requires the approval of shareholders.
Navios Maritime Acquisition was formed in 2008 by Piraeus, Greece, bulk cargoes company Navios Maritime Holdings as a special purpose acquisition company to acquire operating businesses in the marine transportation and logistics industries, with a primary focus on target businesses outside of the drybulk shipping sector."
Been watching this board for a week or two now. If you all want to get on one before it blows up, one that has very low volume, small float, tight, and is about to go ballistic on the news (real product, turning CO2 into valuable chemical commodities, they just announced a near final deal with a huge Korean power plant and Cotrell construction, and international firm, to build the first one, patented tech, that 3M is also involved in with MVTG too,......check out the news that snuck in under the radar today:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=48902773
Once the news circulates more widely, and more people realize what they have this is going way up!
We are talking turning CO2 into hydrocarbons (fuel?) and plastics here folks!!!
You should do nicely with that stash. I was wrong yesterday, they did use the word demonstration, but they also said commercial scale, then demonstration, so it is both. I may add some more on any pull backs while waiting for the final news, but I suspect the .10 and lower share days are over now!
Thanks for checking, I was short on time.
Yep, commercial scale is no DEMO! It is the big times!