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AEXP is moving up on merger news with Mainland.
Why do you think that?
http://altamont-group.com/online_course_brochure/CarbonEconomy.pdf
New conference coming up. Got an offer to exhibit in my email today.
That was a nice piece by CABN's CEO, it even mentions MVTG in the CABN news clip if I understood the post by Greener.
Both of these stocks are just going to require some day trading (when volume and price makes selling and option, which seems to be rare here lately), and aggressive accumulation at lows as they happen, as we have no way of knowing what price we will be at when the big news hits, or how big a price recovery it will generate.
Anyone see anything more in the fact that MVTG was mentioned in a CABN Reutor's News message? Merger? Or just a joint effort to push the CO2 recycling message for both companies?
Edit: I am running on posts allowed today, so comment addition to your next post is this:
The CABN float is still reasonable last time I checked, but it is also more liquid, and more widely day traded in a much narrower range than MVTG. I have seen both take a large volume block sale dump in last 6 months on at least one occasion and drop 80%, but rebound quickly. Both have been in a long term down trend for 3-9 months.
I pulled this off of today's latest SEC filling:
"The Mainland Shares issued to American Exploration Shareholders in the Merger, the Mainland Exchange Options and the Mainland Exchange Warrants will be registered under the Registration Statement. However, the Mainland Shares issued to American Exploration Shareholders in the Merger, as well as the Mainland Shares issued in the event of exercise of the Mainland Exchange Options or Mainland Exchange Warrants issued in exchange for American Exploration Options and American Exploration Warrants, as the case may be, shall be subject to resale restrictions under British Columbia Instrument 51-509 – Issuers Quoted in the U.S. Over-the-Counter Markets. In addition, the Mainland Shares issuable upon exercise of the Mainland Exchange Options and upon exercise of the Mainland Exchange Warrants will not be registered under the Registration Statement, and, upon issuance, will constitute “restricted securities” as defined in Rule 144(a)(3) under the 1933 Act."
I am wondering what this means? Any know what this means for US share holders after the merger?
This was an update to the prior SEC filing which simply said the shares would be restricted period, with no further details. This says they will be registered (the prior SEC filing did not say that as far as I could tell, in fact it took great care to point out the lack of liability by Mainland if they failed to register them, so this update sounds much better, but still leaves questions).
Also there is a new SEC filing showing a director getting (acquiring) 1/2 million new shares for .05 last week, but does not say why?
I called the number on the SEC doc and got a voice mail at AEXP in Canada, that says to call Andrew at 877-818-8484, AEXP investor relations for more details. I am now waiting for a return call to get some answers, hopefully.
Many of the CO2 stocks are slowly sliding down for now, but I agree this one and a few others I am in have huge potential once we find a bottom, and get news of a JV partner deal. Until then it seems to be a buy low, sell some high, on the bounces. I added some the other day, and have another order in for the next tick down, if we get it before the next news cycle hits and runs the price back up.
Got my second buy at .61 here today. Nice close again, up .08 since my second buy at .61, I could get use to this.
Earnings (choke, cough, puke, LOL, I mean losses) report comes out Wednesday. There is a news blip out saying the quarterly comes out this Wed, so we may get one more sell off, unless they have a surprise for us.
I think these guys have something new, novel, and valuable, but that does not tell us where the stock price will go next or after wards unfortunetly. Today, it looks like RXII and CYTR hit bottom.
Shhhsh!!! I am trying to buy more shares at .02 before any news gets out!
On another foot, our other CO2 to product tech stock buddies stock price is drifting steadily lower also. Just a lack of news in the area lately. Good time to add from the dips.
That sounds quite logical. No serious volume of shares have traded since the merger, so there was no insider selling, if there had been we would be sub penny, and insiders do not sell right after a take over merger like we just had.
Thanks for the heads up on pending quarterly.
They should move on the Hedrin now as they have plenty of cash now, 5 times the cash they survived on last year.
I was reading the SEC filed merger document today, and discovered that our shares, after the merger will be restricted shares. I see no details on how long they will be restricted. The issue concerns me, but I have too much of a loss to sell at these prices (I got in too early starting at .70, and added as the price fell.)
Any thoughts on that issue?
I thought it was a sleeper too. Do you now anything about the new company?
I figured out that we made a 10 day $1 target just barely in Feb 2010 but day 9 was a volume above $1 issue all day (rigged 100 share buy at $1 at the close), but if we stay under $1 for 30 days again it may be a mute point. Not sure why Nasdaq did not count the 10 days in Jan as counting, unless it is the rule that requires 10 days, and multiple MMs with closing bids at or above $1. !00 shares sold at the close does not meet the minimum number of MM bids at close requirement, and as I recall the $1 close sale on the 9 th day was single sale at the close way above the bid (painting the tape game).
I found an old post that has a great live chart on COIN at:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46640221
All the moving averages on coin are converging it seems! Not sure what that means yet. But we may get a great, cheap buying op re-entry here soon. I hope they are delaying the earnings report so that they can push the recent news of increased sales and projected improvements from this quarter that we have gotten steady news about, when they post what ever bad news they might have on last years final quarter.
What I find on that chart to be most interesting is the incredible lack of selling volume on the pull backs from the recent huge massive buying spikes in volume the last 3 and 6 months! Any thoughts on what that means? Perhaps the sellers sold at the peak, and turned over shares to new investors (or new bag holders, hehe). All I can see is the price drop is not driven by any volume, but a falling volume, lack of buyers.
On December 4, 2009, we received a letter from the NASDAQ Stock Market ("NASDAQ") notifying us that for the past thirty consecutive days, from October 22, 2009 through December 3, 2009, the bid price for our common stock has closed below the minimum $1.00 per share requirement set forth in NASDAQ Listing Rule 5550(a)(2). Pursuant to the December 4, 2009 Letter from NASDAQ, we have been granted a 180 day grace period to regain compliance and therefore have until June 2, 2010 to regain compliance with the minimum bid price requirement. To regain compliance, the bid price for our common stock must close at $1.00 or higher for a minimum of 10 consecutive business days within the 180 day grace period.
Found this:
How does NASDAQ measure the bid price of a security?
NASDAQ uses the consolidated closing bid price to determine whether a company complies with the bid price requirements for continued listing. A NASDAQ issuer can view its security's consolidated closing bid price by accessing "Trading History" on the www.nasdaq.net website.
How does a company regain compliance with the minimum bid price requirement?
In order to regain compliance with the minimum bid price requirement, a security must have a closing bid price of $1.00 or more for 10 consecutive business days.
COIN is still on that list!
NASDAQ uses the consolidated closing bid price to determine whether a company complies with the bid price requirements for continued listing. A NASDAQ issuer can view its security's consolidated closing bid price by accessing "Trading History" on the www.nasdaq.net website.
IIRC, yes it is on Nasdaq, I think it got a warning to get the price up over $1 for 30 days to remain on NASDAQ warning letter recently, which is I think why they delayed the quarterly/2009 yearly report. But it failed to hold up over $1 for 30 days.
I am re-reading old news, and found reasons again to be some what bullish again, once we bottom! They have been attending multiple investor conferences the last 3 months, so some new people should be watching and looking for entries, or perhaps they bought and sold the last wave, adding to this drop?
Also there was a $1 million license fee announced and $20/ton fee for a new, third facility deal made in Mass in Feb, that did not cost us capital or share dilution, but brought in some new income and expanded the potential marketing field showing us that others were willing to license COIN tech and invest to build a new plant in Mass and pay $1,000,000 for a license plus produced product fees:
http://eresearch.fidelity.com/eresearch/goto/evaluate/news/basicNewsStory.jhtml?symbols=COIN&product=USPR____&provider=BIZWIRE_&storyid=201002231000BIZWIRE_USPR_____BW6196&hlinks=vnhl
Woodbridge is headed for 175 tons per week output, so if Mass hits 175 tons per week times $20/ton, that is $3500/week in fee income for doing nothing, 3500x52 = $182,000/yr in royalties, pure profit.
"BOSTON--(BUSINESS WIRE)-- Converted Organics Inc. announced today that it has entered into a license agreement with MassOrganics I, LLC regarding the use of Converted Organics’ proprietary system for the manufacture of organic fertilizer products. MassOrganics I will install and operate the system at a new manufacturing facility to be constructed at The Sutton Commerce Park in Sutton, Massachusetts. In March, 2009 Converted Organics received a permit from the Commonwealth of Massachusetts' Department of Environmental Protection to operate a food waste processing facility at the site.
As part of the agreement, MassOrganics I will pay a licensing fee to Converted Organics of $1,000,000 and a royalty of $20 per ton of fertilizer sold from the facility. Coin has agreed to give MassOrganics I the right of first refusal for the development of similar facilities in Maine, Connecticut, New Hampshire, Rhode Island, Massachusetts, and Vermont. "
This was also encouraging news in feb 2010:
Converted Organics Inc. announced that the company has ordered additional, state of the art manufacturing equipment and is conducting new tests designed to enhance its ability to process food waste into high-quality organic fertilizer at its Woodbridge, New Jersey manufacturing facility. Converted Organics currently processes approximately 100 tons of food waste per week at the Woodbridge plant, and expects to process approximately 175 tons per week by the end of the first quarter of this year.
BOSTON--(BUSINESS WIRE)-- Converted Organics Inc. announced today that, as part of a comprehensive 2010 retail growth strategy, the Company will launch a grassroots marketing initiative in mid-March in conjunction with The Paul Parent Garden Club™ talk radio show. The marketing campaign is designed to drive retail sales of Converted Organics’ organic fertilizer products throughout New England.
Paul Parent, a leading regional gardening authority, provides horticulture advice to over one-half million listeners each week through his syndicated program, which airs on 25 radio stations in the Northeast and is also broadcast on select radio stations in California, Georgia, Indiana, Nebraska, Pennsylvania, South Carolina and South Dakota.
“New England gardening enthusiasts have been listening to Paul Parent for 23 years to obtain the latest information on effective gardening techniques and products,” said David A. Flannery, Vice President of Marketing for Converted Organics “Our marketing initiative will include live interviews with Converted Organics experts on Paul’s show, four Converted Organics product advertisements per broadcast this spring, and the inclusion of Converted Organics’ product information in e-newsletters and direct mail campaigns from The Paul Parent Garden Club™ to independent garden centers across the country. Converted Organics is confident that these initiatives will have a positive impact on the sales of our organic fertilizers products during the upcoming growing season.”
About The Paul Parent Garden Club™
We also had the Home depot reorder in Jan/Feb and the Wallmart and SamsClub additions this quarter. We have also had the addition of sales staff.
They also hired a professional marketing group for an add campaign!
"Coin announced today that it has retained Crossbow Group of Westport, CT to develop high impact advertising and marketing communications programs targeted to several of the firm’s target markets. Crossbow Group will be developing measurable, scalable programs for the retail lawn and garden, agriculture, professional lawn care and golf course markets. Programs will roll-out in the first quarter of 2010."
Looks to me like a number of stock holders exited at the Walmart news and later news when the stock peaked up one day on the days news. Question I guess is when and if they will buy back soon. I may post a chart here later today to see if I can pick a bottom area based on the last highs and lows.
We should also revisit this post of a 50% expected increase in fertilizer sales from this aquizition 3 weeks ago!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=47319587
I have held company stocks that were taken over going back as far 1986, and there have been times where I lost my ass holding the stock while it dropped, and then got taken over at a rock bottom fire sale price (they took it private)leaving me no chance to ride a rebound back up to recover my losses. I have also been lucky with one last year that I bought near the bottom, it was so oversold it was bought out at a 600% premium over its recent low, that I made a 500% profit on the move to take it private in about 30 days after buying near the bottom. I doubt ANX would be bought and taken private, but if the buy out price is poor, and it was bought by a big outfit with a stable stock price, don't count on a move up after the buy out.
LOL, I learned from an ex floor trader (so he says) that uses Gann and Fib. You think that one is hard to read, you should see his, makes mine look like kindergarten level, LOL.
But the key point is the 200 MA and three fib retrace lines from 1 and 5 year highs and lows are all converging on a $1.08-$1.09 price below the $1.15 close on Friday! And $1.15 is a 68.2% fib retrace of a 12 month high that could be the take off point for a huge Elliot wave 3 wave up into 2-3 dollar land, and with several recent analysts raising their targets from 2 to $3, it may be time buy the dip here!
If $1.08 fails, next support is $1. If we drop past $1.08, I don't where it will turn, although I would expect bounces between 1.00 and 1.08 before it went much lower.
I am VERY LONG on CYTR at the moment. I have been long since early 2009, but recently added about 2000% more shares. If $1.08 Holds, I may add more, as this looks like one of the best set ups and most predictable set ups for a strong rally that I have seen in penny land in a year. I don't see any potential for bad news any time soon either, and their PR news is steady. I don't see them selling any more RXII near term either. But we do need to watch the RXII stock price for signs as it's drop Friday did CYTR no good! Good news on RXII is the recent back door deals there were at prices 15% above Fridays lows, so RXII may have bottomed!
I am pretty sure that the COIN's waste food to fertilizer processes can be an energy hog if not done with an eye towards energy efficient methods. Waste water must be an issue, by product of the process in making the fertilizers, so energy efficient waste water treatment, and energy efficient thermophilic anaerobic conversion of waste food to fertilizer combined may be where this guy and his process fit in. Also, recycling of anaerobic off gasses to reuse as fuel may be part of the process too. Wish I knew more about about what they are actually using and where, but none of their disclosures get into the real tech meat (which is the area I work in) of which version of what or patents they are using where. For now I am not adding, but watching and waiting for more clarity about where they are and where they are going, especially with regards to cash burn rate, and sale growth. This is definitely one to watch closely, as they seem to be on the M&A hunt ongoing hunt which could mane them permanently or cure their cash burn problems quickly!
http://www.compostingcouncil.org/uploads/n18_summer08communicator_web.pdf
He was a speaker in Jan 2009 at this Houston Conference.
His name shows up as a director here:
http://sec.edgar-online.com/virogroup-inc/10-k405a-amended-annual-report-regulation-s-k-item-405/1998/04/16/Section3.aspx
on Page 8
FWIW, I suspect COIN is about to or has been already been using this waste water (energy.....) technology in one of their plants, based on the story below. Perhaps that is one of the reasons they have moved in that direction. Only problem I have is it has no links to details, or patents or history on the technology itself, only details on the guy that came with it. I do like the sound of this new guys credentials.
One thing is for sure, COIN is pushing the hell out of the news machine on this, JESSUS, just look at all these Google news hits already with just waste water and this guys name as search words!
http://www.google.com/search?hl=en&client=firefox-a&hs=ovc&rls=org.mozilla%3Aen-US%3Aofficial&q=Rick+McEwen+waste+water&aq=f&aqi=&aql=&oq=&gs_rfai=
http://afairly.com/?cat=9
http://www.gogreentoolshed.com/category/organic-fertilizer
http://www.stockhouse.com/News/USReleasesDetail.aspx?n=7675175
I notice that we rarely hear how much they shipped, or the dollar impact on sales lately.
If they are hiding something, it is not helping as we lost $1, that we needed to stay with NASDAQ, we have drifted off into the waste water business now (bizzare), no earnings, no report of an expected earnings report for last quarter and year end. And we may be near a market correction down move, test of recent lows for options games, that could drag us lower, while we are already falling.
I am still long term bullish on this company, but wondering where the next low will be, and if we will get a rally off of it or flat line. Guess I need to do some charting on this one.
I just discovered that americanbulls.com issued a buy this week at $6.30, and a hold on Friday in spite of the near $5 low friday:
http://www.americanbulls.com/StockPage.asp?CompanyTicker=RXII&MarketTicker=NASD&TYP=S
Very interesting. I have never seen their candlestick analysis show a hold after a 20% plus drop. Talk about catching a falling knife?
Could $5 be the low before a 50% retrace, bounce back to $7.50. or at least $6.50?
I had a long discussion with a Fidelity Broker last week about that sort of issue, and discovered some real interesting info.
Seems even at level 2, all you see is open unrestricted orders at a bid or ask price. Orders with restrictions, like the ones I place, that are buy or sell, "all or none" at a bid price, do not ever show up in the bid or ask prices even at level 2! They also do not show trailing loss, stop loss, or any other triggers on buy or sell sides on level 2!
So are you done adding shares now so that we can tell the world to buy at $2 here!
Price and volume are slowly creeping up, inspite of 2 nasty down reversal market days. Also Natural gas is already down at near term low which seems to affect energy stock prices. I see the surviving company also has a price target about 500% above its current price, just like this one.
I started buying this one at .70 a few months ago, and felt it was a good deal at the time. kept adding all the way down to .2,
This one is a REAL sleeper both short and long term! I may just hold it for a few years.
I guess the sellers were not done here Friday, down nearly 10%, and selling for about 15% off of what the company just sold new shares for to new investors. I always find it odd for a stock to drop below the new issue price of a dilution, and I find it equally odd for some others I have played the last year that stayed up at 200 to 600% above the price of newly issued dilution shares.
Seems to me that the market was setting a $9 price here when CYTR, RXII and new investors set a price of $6 last week ( a floor?), and now the market is discounting it 15%? Odd is all I can say! Perhaps it is the lack of a perceived higher future value near term that they are discounting now?
We are still a long way from $10! LOL
Been watching this one closely. I bought 2 more huge lots last 10 days, and feeling the pain as the price droped. I thought a $1.36 might hold and rally on up $1.75 finally, but no joy so far. I have done a mess of fib fan charts and elliot wave charts trying to get a feel for the next bottom. Looks like fridays $1.15, or $1.08-1.09 is the 68.2% fib / elliot wave retrace, last line in the sand to rally uo. If 1.08 breaks as support, I don't know what is going on here next, unless they plan to test $1 again.
I guess people sold the news, and sold the drop in RXII stock price, then just kept selling.
Here is a link to my last chart:
Note the 200 MA is about to converge at the $1.08 triple fib fan support cossing! That would be a price to watch closely next week, possible place to buy back or add!
Also I am expecting some kind of market correction down in April, which has me worried, but I noticed that CYTR rallied up during the last nasty correction the first week of Feb this month, so perhaps it will repeat? Also we rallied a little over 100% in Nov to Jan off the last bounce off the 200 MA, from about .70 to about $1.58, perhaps it will do this again?
GLTA
I should of added in my prior comment, that this has happened to me repeatedly the last year or so with many other stocks, and I am learning to exit early before the game gets played on me.
It is typical of this stock market. That is why you take profits before they pull the rug out, or use a conditional sell to take profits on a big run like this one had. I think CYTR is the one to own this week. My mistake was not buying RXII 2-3 months ago after the huge pull back when CYTR sold the last batch of shares slowly to retailers and ran the price down last time to under $2. This time they a smarter deal, but diluted RXII this time, but did not dilute with an interesting twist where RXII buys their own shares, sets the price, then sells accreditied investors more shares to raise the cash, plus extra cash. Brilliant.
I have had a bid at .61 for three days now. We closed at .61, but my order was not filled. Volume is very thin here, but it is hard to by the cheap shares! Get them while you can.
It definetly has held up and rallied for better than I expected for no news. Even survived the late hour market crash today, with a run up to a green finish.
CABN did a huge spike down once a few months ago, like we did here this week, then rallied 300% up off the low. Never got near that low since. I was shocked to see .02 print here, that was a huge move.
Not much volume yet, but up 18% already! No sellers! If we get some buyers here this thing could run way up! It was over $2 just a few months ago!
Has there been any chat here about what is going on with CYTR and RXII this week?
Featured pick?
Got your PM, but I don't have PM cap, just a free loader here.
MNLU is merging with AEXP. I have AEXP shares. News says 4 shares of AEXP being exchanged for 1 share of MNLU.
http://eresearch.fidelity.com/eresearch/goto/evaluate/snapshot.jhtml?symbols=aexp
Dividend?
Seems we are merging with MNLU, 4 for 1 stock swap is the plan, giving us 1 share of MNLU for 4 sharss of AEXP.
http://eresearch.fidelity.com/eresearch/goto/evaluate/snapshot.jhtml?symbols=aexp
I was wrong, I had a limit order at .10, but it executed at .08, I got today's shares at .08, 20% below my limit, a gift! I checked my actual orders. I had assumed the order executed at .10 which was my limit. Very interesting!
I guess there must have been a mix of market orders and sells at a lower price or something, or it gaped down with a lower open at .08, not sure how that happened.
Not sure i get your buy sell terminology. It takes a buyer and a seller for stock to change hands.
Ask is now .10, and bid is .08, last sale was a buy moving up towards the ask.
So much for the low ball bid BS we saw last 2-3 weeks of .036 to .056
If they do I want some too!