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Blackrock just reported 8.45%, 7,150,000 shares owned.
http://eresearch.fidelity.com/eresearch/goto/evaluate/news/basicNewsStory.jhtml?symbols=AXPW&storyid=201004091115TENKWIZ_SECEDGAR_6883297&provider=TENKWIZ_&product=SECEDGAR
I am amazed that we have held $1.15 here for so long. As of today, I have not gone long again, yet, but this one is still on my bottom watch list to re-buy.
OK, I just looked at one of the latest SEC filings, they are changing the name, they passed a stock holder vote to raise allowed float from 400,000,000 to 2,000,000,000 last month, and it also talks about a reverse stcok split of up to 80:1 all in one page, LOL, so what is really going on here????
Are they cleaning up an old mess, starting a new, getting ready to fleece the lambs, all of the above, or this a real cinderella story underway?
I just looked at their web site and some google hits I found. What do their financials look like? Any pending stock dilution around the corner? Cash on hand?
Is this a one trick biotech, or does it have other stuff in the pipeline? What tripped the sell off?
I see this was a $400 stock 5 years ago!
News:
http://eresearch.fidelity.com/eresearch/goto/evaluate/news/basicNewsStory.jhtml?symbols=CTIC&storyid=201004090115PR_NEWS_USPR_____SF83809&provider=PR_NEWS_&product=USPR____
Between this news, and news that CTIC is also suing The Street now for bashing the stock, I wonder if this stock is not a bottom feeder buy. I thought this stock, and company was history a week or two ago, now I am getting curious to learn more while the stock looks cheap, so somebody bring me up to speed on this one please.
I think I mentioned this here before, but maybe not. I got into a deep discussion with a broker at Fidelity (my broker) recently on the problem with the bid and ask prices. Basically it seems the bid and ask prices are only the bid and ask for unconditional orders, and are mostly MM bids and asks based on bids and asks they have orders for.
But let me make this part clear, when people place a conditional bid or ask of any kind, say an all or none order, or a conditional trip to buy or sell on a condition, for a fixed number of shares, or a market sell or buy immediately order, those orders never show up in the bid and asks even on level II according to my broker, and we spent an hour on the phone discussing and researching the exact details and rules on that. So that may explain the odd stuff we see at times versus the bid/ask numbers. For instance when an MM buys or sells for his own account, or fills a price limit buy or sell order when he has the right number of shares to fill that conditional order, then it may post as a sale suddenly at above or below the bid or ask. I got into the discussion one day when orders were filled at less than or equal to my bid, and the price rallied without my order getting filled that day. But my order was conditional.
Other than sheer delight at gambling on this stock, what are the real investor reasons, if any for buying it? I am new here, but I am a biotech stock long investor, and biotech stock trader.
Is the law firm suing them a public stock? May be time to buy their stock, or to short the street, LOL.
Nice post, thanks for the update(s). Guess I was right posting the lawsuit news earlier.
GLTA!
Thanks, I was wondering. I heard something about a blank check shelf registered NM recently for buying ships, but did know any details, so I thought it might be that. Had not considered warrants.
Thanks for the post. I actually listened to the April 6th long winded conference call update. It was quite interesting, and worth the listen (1/2 hour or more IIRC) and is available on play back.
Nearly everything I heard and what I have seen told me to sell and run here, BUT, A few things have me holding, and possibly buying to add next week.
The main one is the CEO said they had 2 million in sales in the first quarter this year (which is not in last years figures or reports, only late in the phone conference call discussion!!!!!) and a break even sales requirement of 2.5 million per quarter according to the CEO. If that is correct, and if it is somewhat sustainable, they may have turned the corner. $2 million in sales in first 3 months is already 1/2 million more than all of last year!!!!
Even if sales are flat or lower the last 2 quarters this year (seasonal), the next 2 quarterly reports could send this stock back $2-$4 the next 3-6 months on news and quarterly reports for last quarters, and this quarters sales! It also sounded like they have solved the Tank leak problem, and the air odor problems, and have put the odor enforcement problem behind them. Lastly the $5 million dollar derivatives (non cash) loss was reversed and shown as a $5 million dollar (apx) gain this last report. And they have added new product pipelines recently, and sources with their M&A activities. Also, don't forget the huge stock issue they floated not too long ago where accredited investors paid about 40% more for shares than Friday's closing price!!!!! I think it was $1.16 they paid, which boosted net cash to about .45/diluted share late last year.
Coin has already rallied about 10-12% since the April 6th conference call, after a nasty drop from the paper SEC annual 2009 report filing a week earlier that showed the huge losses, versus sales for last year. Lastly, the accounting firm has removed the going concern statement from the last financial report filed with the SEC.
I am still long COIN and COINW, and I may add next week, and or this month!!!
GLTA
Yep, at least I have a stake now, but I have some more serious buy orders placed for more pull backs to retest those lows, when and if they happen. By the way, that JV letter with 3M, that MVTG filed with the SEC is what finally turned the tide on buying here. Before that I was riding the fence and watching this one.
My astrology guru (Day trader that uses astrology as her TA tool) says we have a nasty market wide sell off coming real soon, as early as last week of April, after OPEX expiration next Friday, so I am hold (and adding) dry powder, cash for better buys on several of my favorite stocks. She makes a living day trading the markets. Of course, we could get news that spikes the price anytime, even during a market correction, so I am not selling here even though I have a near 100% profit in 2 weeks here!
Now for the good news: (THis may be partly why CABN and MVTG rallied this week!!!!!!!)
FACTBOX-Key dates in U.S. EPA climate regulation
BY Reuters
— 1:55 PM ET 04/09/2010
April 9 (Reuters) - The U.S. Environmental Protection Agency is moving ahead on regulating greenhouse gas emissions as climate legislation stalls in the Senate.
The Obama administration has long said it wants Congress to pass laws to control output of the gases blamed for warming the planet.
But it has pushed the EPA to begin regulating emissions. The administration hopes that will pressure polluters that fear top-down regulation to back the process of forming climate legislation in Congress.
The EPA paved the way late last year for the rules by declaring greenhouse gases a threat to human health. The agency faces challenges from industry and lawmakers who question its authority to regulate the gases under the Clean Air Act.[ID:nN04144922]
Here are key dates for regulations the EPA has recently undertaken or will take soon:
APRIL 1, AUTOS
The EPA finalized the first U.S. greenhouse gas emissions rules on automobiles and significantly boosted fuel efficiency standards for the first time since the 1970s. [ID:nN01242702]] Average U.S. vehicle emissions will be limited to 250 grams of carbon dioxide per mile by 2016, down from 295 grams in 2012.
END APRIL, OR A LITTLE LATER, POWER PLANTS AND FACTORIES
The regulations on autos will trigger EPA to finalize rules on controlling greenhouse gas emission from big stationary sources, like power plants that run on coal or natural gas, as well as plants that make cement, steel and glass.
EPA Administrator Lisa Jackson has said no rules would be imposed on such polluters before early January next year. [ID:nN2998698]
But the EPA later this month has to adjust, or tailor greenhouse gas rules to limit the Clean Air Act to apply to only the biggest polluters. [ID:nN06245091]
The regulations may initially require plants that emit more than about 75,000 tons of greenhouse gases a year to get permits saying they are using the best available technology to cut the pollution.
Power utilities such as Calpine Corp, Southern....
may be regulated by the EPA. But they also have facilities known as "peaker" plants that may escape regulation because they only generate electricity during times of high demand.
MARCH 31, 2011, DISCLOSING EMISSIONS
Large polluters will have to submit annual reports to the EPA about their emissions by March 31, 2011. The polluters have been required to measure the emissions since the beginning of 2010. The rule covers global warming pollutants including carbon dioxide, methane, nitrous oxide.
COMING YEARS, CAP-AND-TRADE?
Jackson said last month that the EPA has not devised a plan to implement a system of capping and trading emissions should the climate bill fail. [ID:nN08186620] But President Barack Obama's top climate advisor Carol Browner has said that EPA could work with states to expand their cap and trade systems. [ID:nN02324126] Ten states in the Northeast trade carbon dioxide emissions permits for power plants under the Regional Greenhouse Gas Initiative, while states in the West led by California hope to trade a wider set of emissions permits starting in 2012.
2016, SMALL EMITTERS
Jackson has said the EPA would not require smaller facilities to get the permits before 2016. The EPA's pollution threshold for emitters that qualify as small is unclear. (Reporting by Timothy Gardner)
----------------------------------
Note that Southern (SO) already has a huge (200 million$ plus?) DOE grant to test carbon capture alone at one of their coal power plants, and has other grants for a Texas biomass (farm waste) fueled power plant.....
I am currently long SO, CABN, CGYV, TTEG and MVTG now, all involved in the GHG, CO2, recycling and or energy recovery alt-energy tech areas. I added MVTG and CGYV recently. SO has a mess of DOE grants for alt-fuel power plant and CO2 carbon capture trials (1/4 billion US $$s plus IIRC), and I suspect SO will partner next with an MVTG or CABN, and maybe sooner than later!
Kenny, I had the same problem, the link you gave us was a huge list of links to old news, did we get the right link?
Thanks.
LOL, good question, simple answer is HELL YES. Carbon capture alone does nothing to solve the problem by itself. These guys at CABN (and MVTG for that matter) turn CO2 back into useful liquid products like chemical and plastic raw material precursers. Carbon capture by itself is focused on burying it under ground. Yucca mountain wasted billions on that idea Bury it out of site, shovel it under the rug) for burying nuclear waste before that Ponzi scheme was killed recently and admitted to be a dismal failure.
CO2 capture will survive, as some of the captured CO2 will find use to help extract natural gas and crude oil, and some will get used in typical CO2 applications (soft drinks), but the real secret will be to learn how to chemically (or biochemically) convert CO2 back into useful hydrocarbons on a large, cheap scale. Also carbon capture and pipeline transport to chemical plants where the chemical plants convert it into hydrocarbons (using tech like CABN has) will happen, so they have a synergistic future potential.
CABN has the edge simple carbon capture (for burial under ground) IMHO over simple carbon capture. (check out the MVTG stock group here too for more great discussion on this topic, they have a process for turning CO2 into formic acid feed stock for chemicals production using an electrolytic reduction technology, and they have a JV with 3M and a grant from the Canada equivalent to the US DOE).
Here is some EPA news today! Looks like the news on cap and trade and CO2 regulation is heating up again!
FACTBOX-Key dates in U.S. EPA climate regulation
BY Reuters
— 1:55 PM ET 04/09/2010
April 9 (Reuters) - The U.S. Environmental Protection Agency is moving ahead on regulating greenhouse gas emissions as climate legislation stalls in the Senate.
The Obama administration has long said it wants Congress to pass laws to control output of the gases blamed for warming the planet.
But it has pushed the EPA to begin regulating emissions. The administration hopes that will pressure polluters that fear top-down regulation to back the process of forming climate legislation in Congress.
The EPA paved the way late last year for the rules by declaring greenhouse gases a threat to human health. The agency faces challenges from industry and lawmakers who question its authority to regulate the gases under the Clean Air Act.[ID:nN04144922]
Here are key dates for regulations the EPA has recently undertaken or will take soon:
APRIL 1, AUTOS
The EPA finalized the first U.S. greenhouse gas emissions rules on automobiles and significantly boosted fuel efficiency standards for the first time since the 1970s. [ID:nN01242702]] Average U.S. vehicle emissions will be limited to 250 grams of carbon dioxide per mile by 2016, down from 295 grams in 2012.
END APRIL, OR A LITTLE LATER, POWER PLANTS AND FACTORIES
The regulations on autos will trigger EPA to finalize rules on controlling greenhouse gas emission from big stationary sources, like power plants that run on coal or natural gas, as well as plants that make cement, steel and glass.
EPA Administrator Lisa Jackson has said no rules would be imposed on such polluters before early January next year. [ID:nN2998698]
But the EPA later this month has to adjust, or tailor greenhouse gas rules to limit the Clean Air Act to apply to only the biggest polluters. [ID:nN06245091]
The regulations may initially require plants that emit more than about 75,000 tons of greenhouse gases a year to get permits saying they are using the best available technology to cut the pollution.
Power utilities such as Calpine Corp, Southern....
may be regulated by the EPA. But they also have facilities known as "peaker" plants that may escape regulation because they only generate electricity during times of high demand.
MARCH 31, 2011, DISCLOSING EMISSIONS
Large polluters will have to submit annual reports to the EPA about their emissions by March 31, 2011. The polluters have been required to measure the emissions since the beginning of 2010. The rule covers global warming pollutants including carbon dioxide, methane, nitrous oxide.
COMING YEARS, CAP-AND-TRADE?
Jackson said last month that the EPA has not devised a plan to implement a system of capping and trading emissions should the climate bill fail. [ID:nN08186620] But President Barack Obama's top climate advisor Carol Browner has said that EPA could work with states to expand their cap and trade systems. [ID:nN02324126] Ten states in the Northeast trade carbon dioxide emissions permits for power plants under the Regional Greenhouse Gas Initiative, while states in the West led by California hope to trade a wider set of emissions permits starting in 2012.
2016, SMALL EMITTERS
Jackson has said the EPA would not require smaller facilities to get the permits before 2016. The EPA's pollution threshold for emitters that qualify as small is unclear. (Reporting by Timothy Gardner)
----------------------------------
Note that Southern (SO) already has a huge (200 million$ plus?) DOE grant to test carbon capture alone at one of their coal power plants, and has other grants for a Texas biomass (farm waste) fueled power plant......CABN just may be the next one!
I am currently long SO, CABN and MVTG.
Americambulls.com is turning schizoid on CABN, posted a sell Thursday, and a buy if Friday,
http://www.americanbulls.com/StockPage.asp?CompanyTicker=CABN&MarketTicker=OTC&TYP=S
62,700 shares traded today all at .08!
How you doing these days Kenny? Still fighting the penny bandits, LOL?
Thanks for the post, always interesting to see the other possible avenues. I finally bought some MVTG on its last bottom bounce, semi crash a few weeks ago at .08 (I missed the real bottm that day .025 which was an eye opener!, it is back at .15 or so today), also started adding CGYV at .61 when I can get it at .61 (they finally commissioned their new plant and got a new energy recyling patent issued for cement plant power, heat, recycling.) I am watching APWR for a bottom soon too (all energy techs). But back to the CO2 energy guys, I think this one is probably the real gold mine. I trust the people at the top here the most (as much as any stock or penny stock can be trusted, LOL). I prefer this one and MVTG over the algea oil and tree and related techs due to their small space requirements, and scale up abilities at concentrated sources of CO2. Trees take too much land.......and so does algae I fear, takes too much equipment, machinery and power to process. The CABN and MVTG techs use concentrated CO2, in the medium 2 digit % area, concentration, while atmospheric devices or trees can only access 400 ppm, making for huge difference in foot prints and efficiencies of scale.
Have you looked at TTEG lately?
I am still waiting for one more crash to sub dime levels, like .02 to .05 to add a lot more. But for now my .08 buy is looking real nice!!!!
I am just looking for a bottom to add shares. I still have the shares I bought over a year ago, during the 09 March madness.
What is up with the huge move in the sister compnay, NNAWS? Up like 40% today, 400% since the low in Feb 2010?
That would make a lot of sense!!!!!!! Thanks, I forgot how huge the shorts were here! Hope they had calls to CTAsses, LOL.
Actually, I am surprised at how fast they have progressed! Was not long ago that we were just hoping for a DOE grant, then got passed over, then hoping for a pilot scale plant JV, then they anounced the patent filing, then they announced they were ready to skip a pilot plant and build a full scale plant immediately (that was huge news!!!!!), they announced they could operate the plant using brackish (non pure) water thus substantially reducing the operating costs, and they had announced earlier the new technology for fixturing and reusing the enzymes that put a HUGE dent in the enzyme costs!
Only real issue is day traders and impatient investors jumping in and out of the stock. I have been where CABN is right now, and I can tell you it takes time to get these big deals done. They have moved faster than I dreamed possible 6 months ago. Unfortunately the share price has not reflected that yet, but has reflected share dilution from stock sales used to pay the monthly bills.
Only way to play this one is to buy the dips, and sell some (not all) of the rips till the big news arrives. I am 100% confident that DOE will fund something for this company this year!
I am long here, and have been (at various levels) since late 2008, early 2009. I am adding on pull backs to .08 or lower, and not selling at this time.
Something is up today, we are up 15%, with now news.
Short of visiting their lab and seeing the process and data, I have done my DD here. I have no doubt their technology and patent applications are sound. The chief inventor, and science officer is an Ex-Texas University (Texas or A & M, I forget which now) Chemical engineering professor! One of the top Eng, and Chem. Eng universities around!
The question is when will big coal fired power plants sign on and take the plunge, which is more a political issue, than a science - tech issue! With health care passed, and oil hitting new highs, the Cap and Trade debate may heat back up soon. EPA is already making CO2 regulation moves with out Congress right now! And DOE is actively looking at funding this right now! The CEO said in his last press release that a number of large companies (US and overseas) are in negotiations with them to build a first, full scale system this year! I don't expect the wait to be long on this one.
We are holding .08 today, held .08 yesterday, today's sales are over 40,000 already, twice yesterdays, volume here is climbing now and the price is holding near the recent highs. Looks like real buying going on!
Any reason why? Just options players spiking the punch for calls in OPEX expiration next week?
This is one of those that could take off and move up 1000% from here with the right news. They have already pretty much said they have the technology ready to go. Just waiting on a DOE demo grant or a JV partner to fund and build the first full scale system.
I am currently buying on pull backs to new lows here myself.
Do you really think Nordic is going sell any of those shares piece meal?
Those shares will only sell in one big lot someday!
ORRRRRR, Nordic will buy MHAN out at a nice price someday?
That would make some sense if they are about to issue new shares to raise capital. Timing here would be perfect too.
Thanks for the heads up on that, I was not watching it closely. Still holding, was waiting for a market pull back to add here. May be time to buy anyway based on that news!
The float is not that big a deal, 1/2 of it is not really float (Nordic), and share volume trade is very tight. Somebody just bought 15,000 shares in one block at .08 on a down market day this morning!
The OS shares doubled, yes, but the drug pipeline grew +300% and the cash in the bank is up 600%!!!!!
And the merger added new investors!!!!!!!
So what is the real story here? Why is this stock getting sold or dumped? Is this a real company? or a Penny scam getting dumped?
New chart folks! $1.04 is the 68.2% fib retrace from the Nov low to the jan high!!!! So todays hard bounce up off $1.05 was no fluke!!!
New chart!
http://cdn.cloudfiles.mosso.com/c71692/media/image/201004/phptv2JI4ECOCYTRLastStandFibApril7.png
I think today's lows were a final buying opportunity. We hit 1.16 and 1.05 high/low today, quite a range above and below the prior days close. Volume was not very high, about average today, there was one selling spike, 400,000+ share block volume sold around 2 pm EST that took us down to 1.05 briefly, but it did not trip a large number of stop losses, or any further selling, infact the price rallied back to close at 1.08, which the bottom target I posted last week as low we needed to hold. I think we just retested the low area on a down day after some profit takers got nervous and exited at 1.16 on the mornings opening rally, but we will see. I still suspect we may get a strong OPEX CYTR rally by end of OPEX next week, but we will see.
I found this in a biotech newsletter today. I think it may be pertinent to all stocks, but is obviously pertinent to bio stocks that have been bad mouthed by the stock press (manipulators...)
"Canada's Generex isn't at all happy with TheStreet and biotech analyst Adam Feuerstein's assessment of the company, and it's letting its displeasure be known--in the form of a $250 million lawsuit.
Generex is miffed about two articles Feuerstein wrote expressing doubt about the company's oral insulin spray Oral-lyn for Type 1 diabetes, and questioning the strength of the data behind approval of the drug in other countries. In the second article, he boldly states that further investigation into Generex work reveals that the developer is "using science and the quest to develop an alternative insulin delivery method not to actually help diabetics but as a ruse to perpetuate a 15 year-long stock promotion scheme."
Generex fired back with a lawsuit which, at $250 million, asks for damages that total twice the company's market cap. "These articles go well beyond the expression of disparaging opinion or fair comment," says Mark Fletcher, Generex's executive vice president & general counsel. "Feuerstein and TheStreet.com have abused their public forum by spreading categorical falsehoods about Generex and Generex Oral-lyn when a modicum of due diligence would have revealed the truth, an injury then compounded by unfounded and libelous allegation and innuendo."
The same day as the lawsuit was announced, Feuerstein published another article stating that while the company had gained regulatory OK for Oral-lyn in India, that approval was rescinded last year after the drug was on the market for three months. Regulators there said the drug's approval violated India's laws because it hadn't been tested in a local population. Yet the company made no note of the withdrawal in any of its documentation."
Source was fiercebiotech news.
IIRC ANX is just one of the stocks the street (and their buddies in the stock crime news game) have periodically sent into sell offs.....
This could be the start of a nice trend to take short selling news gurus to the cleaners for trying to screw over real investors!!!!!!
EPA CO2 permit news today!
http://eresearch.fidelity.com/eresearch/goto/evaluate/news/basicNewsStory.jhtml?symbols=SO&storyid=201004061726RTRSNEWSCOMBINED_N06245091_1&provider=RTRSNEWS&product=COMBINED
Cement, glass makers, and largest Coal power plants targeted.
I might add that current investors lose as the clock ticks and there is no substantial news of a move to commercialization such as news of a large DOE grant or commercial partner JV deal to build a first system. Once there is news of JV deal, this puppy could easily hit $1 the day of the news, or maybe even higher.
NYSE? I had not heard that news.
My best guess is they expect to sell more stock to raise cash to pay for the Capex ships they have on order, and to keep their debt down.
That should send the bulls here running for shelter! Talk about dilution potential! That is scary as hell!
Well somebody was up to something there after all.
Today's recorded conference call is online for replay now!
http://www.bestcalls.com/page_by.cfm?q=37010
COIN was down to flat earlier this morning, but is up a few percent now.
Going concern language has been removed on latest accounting report!
It is not a scenario so much as a if you buy at .30 and it drifts down to .08 (like it has) over time (people get tired of holding the stock after the novelty wears off) while waiting for the first big deal to happen (and they sell new shares to raise cash to pay bills while waiting for the first real deal to happen), the first real deal could be a private buy out at a price near the current price, like .08 right now, which leaves you trapped with a .22/share loss. Or they could just run out of investors to fund the losses as the price drops to near zero. This one, I believe will get a real big deal this year, but there is no guarantee the stock price will get back to .30 if it does, but then again if the news is PR'd just right the stock could jump to $1 overnight on this one, due to the huge potential of their technology.