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We had some excellent news recently that I think we all missed, news of 2 news customers with a net 7.5 million dollar contract added to the next 12 months of sales/work. I need to go back and see what that does to the order backlog, if we can figure that out, but this is certainly a very positive sign while we wait for old financials report to finally show up. Still looks like a solid buy here at .60 or lower still, and I am still long:
(Comment on this article at http://www.financialwire.net/2010/06/14/china-energy-wins-contracts/)
June 14, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) -- China Energy Recovery, Inc.) , a Chinese firm that designs, manufactures and installs waste heat energy recovery systems, said it has entered into two separate agreements to install large-scale waste heat recovery systems for Chinese chemical producers Jiangsu Suhua Group Co., Ltd. and Hubei Dayukou Chemical Co., Ltd.
According to the company, each is a new customer and, together, the agreements represent an approximate total of $7.5 million.
Jiangsu Suhua Group, one of China's larger chemical manufacturing enterprises, produces a range of basic chemicals, polymers, pesticides and pesticide intermediates.
Under the contract, CER will install a waste heat recovery system into the company's existing production facility. The CER system will have a design capacity of 22.2 metric tons of saturated steam per hour at 10.0 Barg. Installation is scheduled to be completed in the second quarter of 2011.
The CER system for Hubei Dayukou Chemical, one of the largest producers of agricultural chemical products in central and southern China, is for a new production plant. Design capacity is 50.9 tons of saturated steam per hour at 8.0 Barg. Construction is to be completed by July of 2011.
China-based China Energy Recovery specializes in the design, construction and installation of waste heat energy recovery systems that provide industrial facilities with greater operating energy efficiency. The company's primary focus is the Chinese market.
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WE had a huge volume spike Friday, about a 10X rise in volume!!!
And ended the day flat, but only after a nice day long rally.
This one could make a nice move up next week during MF end of quarter window dressing, and Friday may been the first signs.
I am still long.
Time for this puppy to grow some B*alls and move up with its soon to be parent, which rallied up 29% friday with a HUGE 10X share volume jump on Friday! We are now at less than 1/2 the post merger value of MNLU shares after the merger, that is a 100% move up we should see next!
Little, LOL, that was a 29% rally on a 10X increase in daily volume!!!!
He also seems to be one of the most published as well.
This is interesting, seems some others have noticed and want to play me too!
http://www.carboncapturejournal.com/displaynews.php?NewsID=579&PHPSESSID=bhnrfqh6u47tfmlljcgj4sbmr2
This tells me CABN's day is coming!!!
Not 3M's kind of deal IMHO, but KC Kotrell is the one I would pick to take it the next step, as they can do the design and build phases.
Guess I miss understood you prior post.
Note entirely true, in general that may be true, but there are verrrrrrrry few real electrochemical engineers in the entire world, and MVTG has one of the very few who has done 40+ years of R&D in the field already. Electrochemical organic synthesis reactors are still in their infancy, especially when it comes to organics production like formic acid production. I know, as I have a patent myself that uses electrochemistry.
I actually did a formic acid-alcohol to ester reactor design in by chemical engineering design class at U of H, and I know that formic acid is a very valuable, important intermediate commodity organic compound. I also know that there are probably less than 100 true electrochemical organic synthesis chemical engineers in the entire world capable of even trying to copy what MVTG has been perfecting for years. You can not just pull this stuff out of a patent and copy it, there is a huge empirical learning curve involved, after getting up to speed on prior art, much of which is not published or readily available in this field and MVTG is years ahead of any one on this front (CO2 to Formic acid, via an electrochemical reaction). The Chemical Engineer behind MVTG is one of the top 10 in the world in his field!
The fact that 3M signed a JV deal with them and disclosed it publicly in an SEC filing, says they believe MVTG is the leader in this venture too! 3M is simply trying to develop a better membrane separator for the MVTG reactor to boost efficiency and yield (IIRC).
But I am giving away too many of my secrets here, feel free scare investors into selling shares and dump them so I can buy more cheap shares, before this stock goes balistic! LOL
ECO is long, and adding on any pullbacks and price dumps!
I am way down too, but thinking of adding here to average my cost down.
Yes indeed. I hope they can keep the momentum going.
This part caught my attention!!!!!
"however, in the event of any such exercise, we will receive up to a 50% equity interest in H Pharmaceuticals K/S (formerly Hedrin Pharmaceuticals K/S), a Danish limited partnership, of which we and the selling securityholder are partners, of the 52.38% equity interest which is currently held by the selling securityholder. We also will receive the proceeds of any cash exercise of the warrant."
First off it sounds like a conditional statement. As I said before, warrants are not shares, only possible shares, and it says they get a 50% interest in return if the warrants are exercised.....Sounds to me like like two partners swapping stock for stock. Anyway, I still think the market cap even if it is 200,000,000 shares is way too low now.
I still do not see any sellers. For a penny stock with so many shares issued, why is the daily volume so low, even zero on some days! No one is really selling! Any real buying volume on news is going to send this one up.
I will try and read the actual filing this weekend, if I have the time.
Thanks for the HEADS up, and details, as I missed it!!!! I do have a order in for more shares if it goes any lower. I have bought shares at .02 all the way .09, so if it goes any lower again, I will not miss the opportunity to add!!!!
One last thought, aren't some or all of those shares and warrants being listed for the new stock holders previously restricted shares that were issued for the recent merger, and thus not new shares, but simply existing shares being listed and converted to unrestricted shares?
bb50, in a follow up to my earlier reply (for those trying to follow, bb50 PM'd me, but I do not have a paid account, no Pm, so I must answer here), I still have questions about the Falcon Power deal too, there is much we do not know, but we have a 10 year history on TTEG, and the deals they are making in Asia seem to be coming fast and furious. I am not 100% sure what the falcon technology is, and I have not seen a clear explanation, but my best guess is that is a catalyst based system that converts methanol to hydrogen on site and then the hydrogen can be used to fuel the items listed in the PRs, like a furnace, oven, and someday a TTEG engine, and for now a fuel cell. This puts TTEG in the middle of the infrastructure business selling hydrogen generators while waiting for the TTEG engines to reach production. Also the merger a few weeks ago put them in the vehicle parts business, as an ongoing concern with a history of making OEM vehicle parts, a first step to expanding into making small TTEG engines maybe?
Until the CEO returns, or they write a more formal detailed PR for us, all I can say is the price is back down with the market pull back, and it may be time to buy. I already started buying more shares the last 3 weeks, but I am nibbling at the lows each time it pulls back to add, and I am holding for the longer term view, and prices well over $1. The ride here, and in the markets could get a little bumpy this summer, so my inclination is to add on big pull backs when the market looks like it is crashing, then hang on tight and keep plenty of cash handy for more potential deals. I do not think now is the time to pick a bottom and go all in on most stocks, although i am currently longer on stocks than I have been, I still have cash to buy more, if the bottom falls out. I hope that helps.
Today, I asked my daughter who is about to start her own entrepreneurial venture to write up a businness plan for her potential investors, 30 minutes later she handed me this!
Her logic was flawless!
LOL
I still wish I had been able to grab those .06 and .025 shares a while back. They are already bargains. Sellers are just too few and too far between here. A good sign!
The entire market is undervalued now, but much more so here.
Are you referring to the usual July 4th fireworks? That is after June 30th.
Or is it last call for cheap shares?
bb50, I don't have PM, I have a free account. What I see is companies so interested in TTEG in China that one merged with TTEG (or is merging), in a stock for stock swap. The China company was one with real sales, real products and real income. That alone is huge. The new deal this week, is TTEG has become the sole rep and distributor for a package that converts methanol to hydrogen, and then the hydrogen can be used in a fuel cell to produce electricity, at a higher efficiency than a diesel generator.....I will try and add more later to answer your questions. But both deals can be immediate cash flow and income to TTEG while the TTEG engine prototypes complete testing phases.
There really is no direct competition in this case. Best to do it right the first time. No rush here. Closest thing to MVTG is CABN, and the technology and product are as different as night and day. The only real similarity is one of the main stocks.
In my expert opinion,there is no one chasing us IP wise!
Great news on TTEG this morning!
http://ih.advfn.com/p.php?pid=nmona&article=43354311&symbol=TTEG
Good point. Japan likes it too! Mitsubishi IIRC.
OK, any one have any clues where the bottom is going to be here? I am clueless, but I believe it is undervalued. I am guessing there is fear of dilution due to yesterday approval to raise the limit on stock they can issue. But it looked to me like their book value is still way in the $10 range, even after the loan loss reserves are accounted for. Am I missing something here?
I am doing my part, got a big bid in at .06, and .025 , waiting for some fool who wants to desperately sell shares at the worst possible time, just before the big news arrives! Nice to see some serious buying at .12-.13 today.
Still long and holding for at least $1 to sell.
Check out my last post first, then here is some R&D on the Falcon power deal:
http://www.google.com/search?q=falcon+power+Co+ltd+hydrogen+energy+production+system&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a
http://www.marketwire.com/press-release/TTEngines-and-Falcon-Power-Ink-Strategic-Alliance-Agreement-1266134.htm
http://www.falconpower.com.tw/en/about1_1.html
If I am reading this right, TTEG is moving into selling Falcon's methanol to hydrogen converters with exclusive rights in 4 US states (regions?), which is in addition to the joint venture development of engine to run on hydrogen. This sounds like it could generate income almost right away for TTEG. I Thought hydrogen and fuel cells were on the ropes for now, but some of the news I just read says otherwise.
http://www.californiahydrogen.org/Current-Newsletter?display=129
I would much prefer heavy buying at .15 first, since I way too long already.
Not sure what to make of the late drop in the price here. There is a new SEC report today, of a definitive agreement with Falcon, that we are paying $1 million for up front! I did not think much of the earlier Falcon news, but this is major news, and I am not sure what to make of it. Obviously TTEG management has big plans that we are not aware of yet with Falcon. There must be more to Falcon than their web site shows. So was the late price drop from the market pull back, or the news, or both? I honestly don't know. I am still long, mostly in at .36, and I may buy more if it goes lower, but I want to understand this deal with Falcon better first, as my spiddy sense is twitching...I hope this links works, if not just go to pink sheets or SEC and look up today's SEC filing by TTEG.
GLTA
http://eresearch.fidelity.com/eresearch/goto/evaluate/news/basicNewsStory.jhtml?symbols=TTEG&product=SECEDGAR&provider=TENKWIZ_&storyid=201006211302TENKWIZ_SECEDGAR_7019015&hlinks=vnhl
Edit:
Found this:
http://www.falconcycle.com.tw/
Seems the name changed???? Was, is a huge bicycle company?
This is not the web site I was looking at a month or so ago, about making hydrogen???? I am confused now???? Perhaps I had the wrong web site last time.
Edit 2:
OK, here it is, this is it, and I did not get the complete picture last month, this is HUGE NEWS, 38 year old company, 1.1 billion $ market cap!!!!
http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=1516:TT
See the news at the bottom of that page.
But I still want to know where TTEG is going to the cash from for this deal, perhaps from the other merger, stock for stock swap take over of the other company we got news of earlier this year.
Lots of stuff going on over there, and little explanation back home so far, except SEC reports. But at today's closing price, looks like a no brainer buy?
Warning, there is a still a big gap at .23 from last year. I am going to watch closely for a buying op here.
Sounds to me like a minor issue, need to cross a T or a dot an i. I have another big share order placed, just in case we go any lower, but I doubt I will get that lucky.
Still long, and holding long term. I might add that this stock has held up much better than my other 2 biotechs, CYTR and ANX, which have both been hit very hard lately.
There just are not any volume sellers here, not at these prices!
Cool,
Thanks for posting!!!! I will try and watch. Out of about 25 stocks I am long on, this is the only green one today!!!!
GO CABN!
Somebody got lucky and beat out of some cheap shares at .06, 1100 shares, I had a bid in at .061, but it was a limit order for 3000 shares (all or nothing), so my order got passed up since it was only 1100 shares, %$#@*&^%$!#@^&, of course we are now miraculously back up 7% above the last sale last week.
I can't fathom people buying and sell such small dollar amounts. Oh well I might still get lucky with this market sell off....
Just waiting for for some small knives to fall here before the moon shot takes off.
One nice thing about the small share sale at .06 is it gives a higher low on the charts now!!!
What is also interesting is the minimum open bid is now up at .07!!!! A pending higher low sign, to form a break out triangle?
Indirectly, as an alt energy play, since it makes liquid fuels using waste CO2 instead of using crude oil to make gasoline.
A lot of volatility in both these stocks ( AEXP and MNLU ) lately, but they seemed to have bottomed last week, and seem to be in rally mode finally, with most sellers gone. Probably just some profit taking here by those that bought the bottom, and a retest of recent lows. If we hold .10 to .12, we should continue the rally this summer IMHO.
I have been trying to buy at .051 all week with no luck, while the recent small sales have been listed as sold at.05, with no indication of the third decimal??? So much for that theory! I spent several hours going over the last gazzilion page report, and based on all that I read, I am not worried, still holding and trying to add at .051, but with no luck, and still bullish on the stock. No one is selling shares, with 100 million shares floating around, why is there still no real volume, sellers are almost non existent. No one except a few piddling small volume day traders are selling.
When I get a chance, I will post a detailed discussion about what all I read in the report. By the way, from what I can tell, the float and OS is no where near what we were thinking, as warrants are not shares, only potential shares, and for warrants to be converted to shares, they must pass cash onto MHAN at the warrant price, means cash in the bank to MHAN in exchange for converting those warrants to shares (IF they are converted), so not what I consider scary dilution, as many of those warrants are priced way overhead. Like I said, I will post a detailed picture of what I think I saw and read in that last large SEC doc in the near future. Also, I think Nordic will cave in, as forcing their position would only hurt the stock price, kinda like shooting themselves in the foot!!!
What also does not make sense is how Nordic could have a majority on the BOD, and not know about the terms of the recent buy out deal in advance. If true why would they complain after the fact? Makes no sense?
Some one just bought shares at .06, back up 20%. More later when I have time post, but I am still very long and bullish
AEXP is up 20% as well, neither has news that I know of, so it looks like sellers are exhausted!!!!!!!!!!!!!!!!!!!
But they have a buyer, willing to pay 1 share of MNLU stock per 4 shares of AEXP stock, by a company that does have money, MNLU. That says a lot by itself. Now if we had another bidder/buyer, and got a bidding war going, I could handle that too, LOL! Not that MNLU has been selling for a >40% premium over AEXP shares for a long time.
I wonder if they could be part of a long term scale in/up strategy, start with a small systems overseas, and expand/scale up over time, decades.
Not sure I understand your reply/comment. AEXP's share of the only well (other well?) was 29%, if they came up with their share of the funding to pay for the well costs. Since they did not come up with the cash for their share their owner ship of the well dropped from 29 to 20%. They still own 20% of the rights to the only well and only shared property AEXP is involved in, on the joint project property (unless I missed something?). But I read everything cover to cover.
Aexp still has a 20% stake in the joint well / joint land deal with MNLU.
What do you think the real potential is for that?
"Not much to say so i was rambling. "
Oh, I thought you were holding your breath!!!!!
LOL.
Me, I am just waiting patiently with this and many other stocks, for the eventual good news, and markets to settle down and rally, and meanwhile grabbing a few good deals when the happen.
MNLU and AEXP are already sharing a joint land / drilling deal, the only thing I think AEXP has going, and that is independent of the merger. If you are worried, split the cash between the two maybe? Other question is what will MNLU stock price do if the deal fell through? I think we are at a 98% probability the deal goes through, and this year. Just my opinion, not advise!
And that said, who would have thought BP was a risky stock to own this year?
There is a little from time to time. We are waiting on past due annual financial report mostly. I am still holding and buying anything under .30 if it ever goes there again. I started picking up shares at .60 months ago, been watching this one for over a year