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Just noticed the PR:
http://ih.advfn.com/p.php?pid=nmona&article=42034125&symbol=IFUS
So it is time to buy more of this junk stock? I did so well on the shares I bought at .15
Nice! I will buying a lot more shares in the next few weeks as this rally sell offs and drags us with it. I have done well with this one since March 09.
I was away from the computer all day, but found a nice end of day surprise. Seems some body dumped a few shares today, I got 500 at .61, about a 10% discount, and then some bought some at .75 late in the day! Christmas came early today! Got my first shares here.
Nice tight price range today, 0.073 - 0.075, and increased volume finally.
This should be a good buy on any real pull back next 2 weeks as the markets drop in a correction.
Looks like I almost got my first shares here today!
I got lucky today on those china heat recovery guys I found with the CO2 emissions credit bank details I posted here earlier for us. Somebody dumped 1500 shares today as the market dropped, and I got 500 of them at 10% off yesterdays close, before somebody else bid it back up 25% at the close, LOL. I am seeing low volume weakness in most penny stocks I like, not just here. Money moved into the big stocks as the indexes rode the bull, and they will sell off hard starting next week IMHO. I expect a low first week of April (options driven drop, sell off, big boys games....), right after they finish pushing prices as high as they can on the blue chips for Mutual fund window dressing to attract IRA and 401 K deposits. Just my thoughts and opinion. I will be buying my favorite stocks at those lows, as they should make most other stocks bottom too (barring news). My only question is will .10 hold here the next 2 weeks. The lower it goes, the more I will buy. No doubt in my mind this will run back up next cycle trip with news to .20 to .30.
If I already had MVTG I would not sell them at these prices, but people panic when the markets take a hit, and our price here is already at all time lows IIRC, so I will be bidding here to pick up any real rediculously cheap shares sold at market next 3 weeks. If this was the second week of April already I would have bought today at .11- to .12 or higher.
GLTA
How low do you expect this one to retrace?
I am expect lower lows next week, and first week of April. Wondering what price would make sense to buy into this one, on a pull back. I have been watching this one for 3-4 weeks, but missed the latest ride up.
Are these guys going to survive?
So you are still bullish on this one?
LOL.
I would be careful buying here, as we are likely to see a market pull back next week after options expire, and Max pain tomorrow is $6, but max pain for OPEX in April is $5!!!! Also, the recent earnings jump is not likely to be repeated anytime soon according EK, as they said they expected a $50 million gain to loss for this entire year, which does not bode well at this time. I will buy back shares at around $4 to $4.50, and will sell before the next earnings report comes out for EK.
I have a bid .10, does that count?
It might be, but the markets are due for a nasty pull back next week, so we get one last nose dive to a better low then, getting draged down with market wide sell off from recent highs. I have a bid in for my first few shares at .62
Not good that we dropped today on good news, and failed to hold $1 lately. Americanbulls.ocm posted a candle stick analysis sell on Coin tonight, and we have been weak during the rally, none of which is good for the price.
"Sent By: ragi Member Level To: Ecomike Date: Wednesday, March 17, 2010 10:31:13 PM
Wow Mike that is really interesting, did you send it to Kol, at Mantra?"
I don't have PM, just a free hitch hiker here,LOL. No I did not send it. Feel free to pass it on.
I found this over in an old post on another stock I am also bidding on to go long with this week. Kind of interesting about the CO2 trading credits and value in China which is pertinent to us here as well.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32445898
I found this over in an old post on a stock I am bidding on. Kind of interesting about the CO2 trading credits and value in China which is pertinent to us.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32445898
Also, do think .10 is going to hold here? I doubled up here this week at .10, but afraid it might go lower, so I am holding dry powder still.
And now a few more 1000s sold at .08 today
Now we have something to talk about! 91,000 shares traded, last tick was 90,000 shares at .073!!!!!!!! While bid is still listed as .052 LOL, and ask is still .085, LOL!
10 day avg volume is 19,437 and 90 day avg volume is 50,666. That one trade is way above average volume and is .008 higher (>10% higher) than I paid for my last lot 2 weeks ago at .065
Perhaps with the bulls running rampant, and some volume, we will see more movement now.
Has every one dumped this one and left? Looks pretty beat down, and seems to have bottomed for now. Been watching this one from the sidelines for a long time, just placed my first bid on some shares as it looks like its time to start buying this one for some big moves up over the next 2 years.
But the SEC report on corporate structure (whos who, and who owns what) is night mare to read and try to follow.
We keep inching up on very low volume. No sellers, hit .08 today. No stock sold yesterday. People are not selling!
I think they are trying to get the price up over $1 for 30 days before releasing any bad news, including the quarterly to avoid future delisting. They also want to be able to report spring sales and future prospects on same before releasing fall's quarterly IMHO. I am still long, but holding fewer shares, with finger on buy button if we get down around .70 to .80
Thanks, that confirmed what I suspected, not a public sale as such, but a transfer of ownership, perhaps relatives, partners, who knows or cares, but that confirmed it. Thanks.
2.1 million is what % of total OS? The form said he held 10% (or more), so I am not sure it means much % wise. It did not crash the stock price IMHO, in fact I am not sure the sale even registered on the exchanges, perhaps it was a private sale, as the volume has been very low for quite some time as I recall.
Is this old news to you guys? Do you know the story behind this 2.1 million share sale at .15 in Feb 2010? Form says it is, was a 10% stake holder that sold.
http://eresearch.fidelity.com/eresearch/goto/evaluate/news/basicNewsStory.jhtml?symbols=MVTG&product=SECEDGAR&provider=TENKWIZ_&storyid=201001211909TENKWIZ_SECEDGAR_6706992&hlinks=vnhl
I still have a small order pending at .14 for my first dip in the pool.
I posted so you guys could pass it on. Don't even know who or what KOL is.
I did place my first order for MVTG shares today at .14. Took my first nibble here, but my order has not filled yet.
I did learn something fascinating today that you might find equally interesting.
I just don't trust those MM specialist posted bid and ask numbers any more. I was online with Fidelity about an order I placed yesterday that was passed up as the price dropped 10% below my offer today on another penny stock! What a shocker that was!
Fidelity tells me that all or none conditional orders do not even show up on level 1 or 2 bid and ask quotes. Market orders are filed immediately and never show on Level 2, and stop loss or trailing stop loss orders do not show up either. So a sell order or a buy order, that is all or non, or that is triggered to buy or sell when the Dow hits 12,000 do not show up either. I got some real insight from that conversation today!
So there could be lots of limit orders that are conditional buy and sell orders that we never see all day!
I just don't trust those MM specialist posted bid and ask numbers any more. I was online with Fidelity about an order I placed yesterday that was passed up as the price dropped 10% below my offer today on another penny stock! What a shocker that was!
Fidelity tells me that all or none conditional orders do not even show up on level 1 or 2 bid and ask quotes. Market orders are filed immediately and never show on Level 2, and stop loss or trailing stop loss orders do not show up either. So a sell order or a buy order, that is all or non, or that is triggered to buy or sell when the Dow hits 12,000 do not show up either. I got some real insight from that conversation today!
So there could be lots of limit orders that are conditional buy and sell orders that we never see all day!
I am waiting for the next cycle low to long here again.
Coin is up a nice 5% while markets are down, nice candle analysis by those guys yesterday IMHO!
Here is some real meat:
http://eresearch.fidelity.com/eresearch/goto/evaluate/news/basicNewsStory.jhtml?symbols=MHAN&product=SECEDGAR&provider=TENKWIZ_&storyid=201003120937TENKWIZ_SECEDGAR_6827476&hlinks=vnhl
The Ariston debt holders have warrants at .40 for the conversion of old Ariston debt to MHAN stock, and no other recourse for collection of that debt!
Yahoo!
"
Under the terms of the Merger Agreement, the consideration payable by the Company to the stockholders and note holders of Ariston consists of the issuance of 7,062,423 shares of the Company's common stock, par value $0.001 per share, ("Common Stock") at Closing (as defined in the Merger Agreement) plus the right to receive up to an additional 24,718,481 shares of Common Stock (the “Milestone Shares”) upon the achievement of certain product-related milestones described below. In addition, the Company has reserved 38,630,723 shares of its Common Stock for possible future issuance in connection with the conversion of $15.45 million of outstanding Ariston convertible promissory notes. The note holders will not have any recourse to the Company for repayment of the notes (their sole recourse being to Ariston), but the note holders will have the right to convert the notes into shares of the Company's Common Stock at the rate of $0.40 per share. Further, the Company has reserved 5,000,000 shares of its Common Stock for possible future issuance in connection with the conversion of $1.0 million of an outstanding Ariston convertible promissory note issued in satisfaction of a trade payable. The note holder will not have any recourse to the Company for repayment of the note (their sole recourse being to Ariston), but the note holder will have the right to convert the note into shares of the Company's Common Stock at the rate of $0.20 per share.
Under the terms of the Merger Agreement, the consideration payable by the Company to the stockholders and note holders of Ariston consists of the issuance of 7,062,423 shares of the Company's common stock, par value $0.001 per share, ("Common Stock") at Closing (as defined in the Merger Agreement) plus the right to receive up to an additional 24,718,481 shares of Common Stock (the “Milestone Shares”) upon the achievement of certain product-related milestones described below. In addition, the Company has reserved 38,630,723 shares of its Common Stock for possible future issuance in connection with the conversion of $15.45 million of outstanding Ariston convertible promissory notes. The note holders will not have any recourse to the Company for repayment of the notes (their sole recourse being to Ariston), but the note holders will have the right to convert the notes into shares of the Company's Common Stock at the rate of $0.40 per share. Further, the Company has reserved 5,000,000 shares of its Common Stock for possible future issuance in connection with the conversion of $1.0 million of an outstanding Ariston convertible promissory note issued in satisfaction of a trade payable. The note holder will not have any recourse to the Company for repayment of the note (their sole recourse being to Ariston), but the note holder will have the right to convert the note into shares of the Company's Common Stock at the rate of $0.20 per share.
Upon the achievement of the milestones described below, the Company would be obligated to issue portions of the Milestone Shares to the former Ariston stockholders and noteholders·
Upon the affirmative decision of the Company’s Board of Directors, provided that such decision is made prior to March 8, 2011, to further develop the AST-914 metabolite product candidate, either internally or through a corporate partnership, the Company would issue 8,828,029 of the Milestone Shares.
Upon the acceptance by the FDA of the Company's filing of the first New Drug Application for the AST-726 product candidate, the Company would issue 7,062,423 of the Milestone Shares."
Good call, morning news says the merger is complete:
http://eresearch.fidelity.com/eresearch/goto/evaluate/news/basicNewsStory.jhtml?symbols=MHAN&product=FULLFEED&provider=PRIMZONE&storyid=201003120735PRIMZONEFULLFEED186463&hlinks=vnhl
.
In addition, Manhattan Pharmaceuticals has reserved 43.63 million shares of its common stock for the possible future conversion of $16.45 million of Ariston's outstanding convertible debt. The debt holders have no recourse to Manhattan Pharmaceuticals for repayment. They do have the right to convert their notes into shares of Manhattan Pharmaceuticals common stock.
That works out to a debt to stock conversion price of 37.7 cents/share.
Americanbulls.com posted a buy on this stock a week ago at a little higher price, and have a hold posted:
http://www.americanbulls.com/StockPage.asp?CompanyTicker=CABN&MarketTicker=OTC&TYP=S
Americanbulls.com candlestick analysis posted a buy signal today!
http://www.americanbulls.com/StockPage.asp?CompanyTicker=COIN&MarketTicker=NASD&TYP=S
This was in my email from DOE today!
From: sequestration@listserv.netl.doe.gov
To: sequestration@listserv.netl.doe.gov
Subject: NETL Releases Funding Opportunity Announcements
Date: Mar 11, 2010 4:03 PM
The U.S. Department of Energy’s (DOE) National Energy Technology
Laboratory (NETL) has released two Funding Opportunity Announcements
(FOAs):
1. On March 8, 2010, NETL issued FOA DE-FOA-0000253, titled, "CO2
Utilization." The objective of this FOA is to secure applications that
will support the Carbon Sequestration Program’s efforts to develop
technologies that utilize CO2 as a reactant to produce useful products
at a net cost of less than $10 per metric ton. This FOA is listed in
FedConnect under the title "DE-FOA-0000253, CO2 Utilization," and the
application is due on 4/20/2010 by 8:00 PM ET.
2. On March 10, 2010, NETL issued FOA DE-FE0000250, titled,
"Development of Innovative and Advanced Technologies for Geologic
Sequestration." The objective of this FOA is to secure applications for
research leading to innovative and advanced technologies that address
CO2 geologic storage in all reservoir types and all life cycle phases of
CO2 geologic storage operations. This FOA is listed in FedConnect under
the title "DE-FOA-0000250," and the application is due on 4/30/2010 by
8:00 PM ET.
For more information, visit NETL’s Solicitation & Business
Opportunities webpage at:
http://www.netl.doe.gov/business/solicitations/index.html.
Thank you.
DOE news!
From: sequestration@listserv.netl.doe.gov [Add to Address Book]
To: sequestration@listserv.netl.doe.gov
Subject: NETL Releases Funding Opportunity Announcements
Date: Mar 11, 2010 4:03 PM
The U.S. Department of Energy’s (DOE) National Energy Technology
Laboratory (NETL) has released two Funding Opportunity Announcements
(FOAs):
1. On March 8, 2010, NETL issued FOA DE-FOA-0000253, titled, "CO2
Utilization." The objective of this FOA is to secure applications that
will support the Carbon Sequestration Program’s efforts to develop
technologies that utilize CO2 as a reactant to produce useful products
at a net cost of less than $10 per metric ton. This FOA is listed in
FedConnect under the title "DE-FOA-0000253, CO2 Utilization," and the
application is due on 4/20/2010 by 8:00 PM ET.
2. On March 10, 2010, NETL issued FOA DE-FE0000250, titled,
"Development of Innovative and Advanced Technologies for Geologic
Sequestration." The objective of this FOA is to secure applications for
research leading to innovative and advanced technologies that address
CO2 geologic storage in all reservoir types and all life cycle phases of
CO2 geologic storage operations. This FOA is listed in FedConnect under
the title "DE-FOA-0000250," and the application is due on 4/30/2010 by
8:00 PM ET.
For more information, visit NETL’s Solicitation & Business
Opportunities webpage at:
http://www.netl.doe.gov/business/solicitations/index.html.
Thank you.
I think it is some kind of BS, that I am not buying. The actual shares being sold are steadily rising in price. Today .08 was the high and low, and a price we have not seen since January. There is no mass selling, or exodus. But this is also no time to sell any large number of shares at market! Liquidity is an issue, but has been an issue off and here for some time, so that is not really new. I am encouraged by the lack of sales, no dumping.
But I must admit the bid/ask spread has been most curious. My best guess is the low bid is a fake to keep people from selling right now.
I have frequently seen bid ask numbers that did not show up my bid and ask in many stocks recently. I read something recently that made me think the bid / ask may be an average, but an ex floor trader told me recently the posted bid asks are frequently specialists playing games with the stock price for their own accounts.
I think any pick up in demand could push the price higher.
Lets face facts though, 77 new accredited investors at .065 are not going let the price go much lower than .065 any time soon.
Any dilution is being sold back door to accredited investors, that are not going to be selling into the market currently.
The current price and volume is routine. This stock falls on lack of news, and goes up with news. I am temped to add at this price, and may do so soon, if the price holds, but I will add on any large price drop under .10 while it lasts.
I expect this stock to take off like a scalded dog sometime this year on news of a partnership deal with a coal fired power plant, and possibly a DOE grant behind it. When it happens .30 will get left behind in the dust quickly. Until it happens, we are likely to see price pressure as people get drawn away by lack of additional news, and get drawn off by the lure of a rising market and other rising stocks.
But back to your question, yes this company has been operating on cash flow from ongoing sales of new shares directly by the company to only accredited investors. The good news is, they hinted strongly that they are in real negotiations with real potential customer/partners for the first full scale plant / project and expect to announce a deal this year. Bad news is the price can slide while waiting on news and can be very volatile.
I have high hopes and expectations for this one, but nothing is ever 100% sure. Cap and trade legislation seems to currently be on the back burner, which does not help stocks like this either.
If you don't own some shares yet, I would buy a small batch here at .10, if you have a nice stash of shares already I would wait for mid April to buy more when I expect most stocks to pull back some after OPEX and quarter end tape painting by mutual funds, to see if the .10 area holds before nibbling and adding much more. So far there has been strong price support in the .10 to .12 area. I think part of the low price today is some speculators getting tired of waiting for the big news and selling out a loss, those that chased and bought the news about a month ago loosing faith and taking a loss.
What makes you think the merger is complete. I thought it was still a week away.
The bid and ask spread is most puzzling, mixed with very low volume. Spread between ask and bid has been 40-50% since we got the financing news. Bid has moved up fro, .035 to .052, and ask went from .065 to .085 since the news, with actual sales moving from .065 to .08
I am wondering if the huge spread is intended to kill buying and selling until the merger is done? And to hold the actual stock sales in a tight range of .065 to .08
This last week has been interesting! The volume is zero compared to the float, and OS.
I agree, I bought my permanent shares real cheap last year, sold them and later bought them back....., I considered nibbling at just under $1 the other day, but decided to wait, as I think next month will be a big hair cut for most stocks as march OPEX, and March close out. I am not buying or selling HTM here.
I think the price fell due to reaching an over exuberant peak, combined with lack of profit and expected share dilution. The dilution news finally pushed it under $1. I think a buying target of .50 to .70 is a good bottom target, depending on how much selling we do or don't see in a correction down in April.
We have crept up to .08, getting some nibbles and buys today at .08, high and low today has been .08, on a flat to down market open.
I am feeling pretty good about my .065 buy last week! 23% gain in one week.
GO MHAN!
I am not looking for any great price increase any time soon, but I believe with the multiple DOE grant support they will have a much lower investment cost in their expansions than they would otherwise have had. Those grants probably require matching investments from us, which is probably why they sold shares to raise money, which is preferred to adding debt at this time IMHO. The trick here is to buy low on pull backs from dilution and quarterly loss reports when it finds a consolidation point, and sell the good news when it drops in like DOE grant news while we wait for the company to someday turn a profit.
This a buy low and hold for years, or buy low, sell some high traders stock while holding some cheap shares for the day when electric rates go back up, and this one starts actually making a profit, which could take years.