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Same here but some like to know where support is for targeting buying, and adding of shares. Many don't have the stomach for the kinds of wild price gyrations some of these stocks go through.
Well it has rallied for sure, and the up volume is climbing, so it is real. We are already over the 10 day volume average. Resistance is around .52 from the chart, if break over that next target is about .80/share. The bid has been climbing finally too. I suspect we will close around .45 or higher. Didn't TTEG staff just finish a second conference in Canada? One being an investors conference last week? Looks like new investors.
Well it seems the market bottomed earlier this morning and CABN did too, as it is back up to near yesterdays close already. Back up from .14 to .158, nearly at the .16 close yesterday. We just might close in the green. Somebody is still buying folks!
I think we are seeing the new support area for now. I would not sell at this price as we could get news any day or minute about a DOE grant or power plant CO2 partner, and when that happens we will see new highs here in minutes, not hours or days. There won't be time to get back in this cheap.
I have no doubt they will see a Joint Venture deal by year end, if not this month. DOE grant would just be icing on the cake. Until that happens it looks like we will trade between .20 and .14 for a while. Don't forget they have been paying the bills all year with restricted stock sales to accredited investors in $5,000 minimum lots for .125/share, and those guys are not allowed to sell yet, so rest assured they expect to get a lot better price than today's .14 low in a year or two. If you plan to buy this stock, don't wait, or you may miss the boat.
I am still long, and have never sold a share.
Edit: Wow, while I was typing we jumped back up to .15, so let me add that if we close at or above .15, the chart looks like .15 is the solid support for a trading range between .15 and .19 until we break out above .20 towards the .30 range. This stock may not be done, we may see .30 area again even with out more news!
And don't forget the CEO said recently they won't need to build a pilot test plant, they are ready to build the real McCoy, a full scale fully operational system, as they claim they have already solved the scale up issues they expected to have previously.
Wow, I just noticed another gap, yesterday was gap down from $1.69, we just filled the other gap at near $1.00, and sooner or later the TA says we will revisit the $1.69 to close the gap. I am still long, last buy was yesterday at $1.33, I missed the morning buy opportunity. If we down around $1.04 again I would say it is a strong buy for a double bottom at the old gap, but we may not get that low again.
I just noticed there was gap up from right at about $1.00 in August. This morning we got down there and covered that gap. Now wishing I had noticed the gap before as I would have had a buy in at that price. The gap filled quickly at about $1.04 IIRC, and we have been holding about 1.23 - 1.24 most of the day now. We may have seen the bottom this morning. I am still long.
I tried putting a stop loss on another penny stock the other day, and found out it was not possible with several penny stocks I have. Some of them that I am long on, I do not try and trade, they are just too volatile at times. I just buy in over time to get a decent average low cost.
While the eventual fate is in doubt, I can't see the FED or Treasury tackling the screwing over of common shareholders until after next years elections. Till then I'd said the games affoot, and Mr. Shorty just made his play. I raised my bet 40% at the close. I was right when I bought shares at about .50 earlier this year too. Somebody asked about recent earnings, last quarter pre preferred share dividend payout to uncle sam was about 800 million dollars. I can't wait for another surprise to the up side here on earnings.
Through Envirtek presumably, as they both now claim to have huge deals with another worthless penny stock company (Envirotek) that changes its name twice in one year!
"The phrase “Solutions 28” has been aptly coined for the integration of fresh water wells, power generation through anaerobic digestion, remote education, remote medical services, and profitable algae
farming…all contained in twenty-eight, twenty foot custom mobile containers. The “Solutions 28” White Paper will be the primary focus of Mrs. Fisher’s efforts. "
LOL, now I have heard it all, now we are getting in the medical business, power generation, water well business, anaerobic digestor business, and his wife is going to head it up and get the world bank on board too. Oh, and we have an international division all of sudden with Ph.D. from the Czech republic.
Folks, we haven't even delivered the first complete system, and we already turning into a conglomerate.
I wonder how hard it would be to cover that pond, and thus make it a closed system?
Hmm, indeed!
WOW, More flim flam deals with a mystery unnamed company, through another flim flam company that BEHL says they have a deal with.
"For anyone that is in both BEHL and and INCL there was huge news put out for INCL.
http://finance.yahoo.com/news/ENVIROTEK-Joint-Ventures-With-iw-306190444.html?x=0&.v=1"
"Once again this is pretty much completely wrong. Water need only be pumped to a reservoir to supply a gravity feed system and rather than pressure controls you need only limit the size of the flow lines because they will only carry just so much water at one time. If the system was set up with a catch reservoir(and likely would be) then you could use a 1:10 ratio for pumping meaning that for every 1 minute you pump the water
up, it takes 10 minutes for gravity to bring it back. A simple float switch would trigger the pump same as your toilet does when it's low on water. Most of this stuff could be found in your average Home Depot at very low cost anyway.
"
Nonsense! You obviously do not understand the entire system. A continuous pump is required. It is also needed to force the liquid in and through the tubes. Gravity won't do it with two surface tanks. Dig a 20 ft deep hole you might pull off an on off cycle, but BEHL is not doing that.
"Though this is a very interesting article, could you not find anything more reacent than September 2003? That is 6 years ago. There has been a lot of research done since then and everything has changed as far as energy costs."
That was part of my point, to show that what some people are calling new and novel, is not.
Other points were the hydrogen production with a trigger, which is also not new, according to that paper.
I forget the rest, IIRC, there about 6 good reasons for linking to that paper. Another was to simply point out the kind of data any real investor is going to want to see before putting big dollars into this, by showing what the data should look like. It also answered some of the questions, about light penetration through layers of algae growth, which was being discussed in the vertical versus horizontal tube discussions.
Well back to .38 pretty quickly, but I was watching level II prices, and the sellers were few and far between when the price spiked to .50 today. The bid and ask has a huge spread! I suspect .38 is new support now. I can't help but wonder if there isn't some new buying just starting from investors at that conference last week.
Hold the phones! We just went back up to .50 while I was typing! The games a foot!
Wow volume is way up, and it is bouncing up and down from .38 to .50 back and forth! A fare amount being bought at .50 in the last hour, mostly up volume all day.
Well not long after my last post, 1-2 hours, we broke out to the top side as the chart suggested, with no news, just TA chart direction showing the way. I guess we will trade between .45 and .36 now, unless some new buying comes in here.
My best guess is they have somebody that is real short on the shares that needed a hand and that wants to drive the price down, or needs to bail on shorts that they were killed on last few days. So they come out with a position saying the stock is worthless to drive the price down, and they will probably get away with it, as the stock is a pure speculation as to what the government will someday do with their investment. I would think that the US government would want to see stocks like this (and AIG, C, etc) keep common investors interested and owning and bidding up the prices so that someday as things return to a more normal situation, the US government could slowly sell their holdings back to private investors. I just don't see the FED or treasury wiping out common stock holders any time soon here. If they do wipe them out, no one would want to trust the new company shares either. I think the FED and treasury will need to and want to prop up their share prices in order to have an exit strategy someday, but I could be wrong. Governments some times do irrational things.
Brokers would love this kinda news to drive trading volume higher too.
Well the triangle/wedge squeeze has tightened up between .36 and .37, and volume is still falling. Not much room left to squeeze any tighter. Still looks like a break out is going to happen very soon. Any good news on a day like today would send it soaring, but that gap is still looming down around .25, and if it gaps down I have standing buy orders waiting, as I suspect that will be a real long term bottom, and it may only last minutes with a rush of buys at that price.
What I don't see happening is any new shares being issued to cover ongoing losses, like so many other stocks are doing recently, and like so many tech R & D companies like biotechs do regularly. I am thinking and wondering if their recent deals may actual have turned their next quarterly report into a profit (up front license fees?), versus previous ongoing start up R & D losses?
I am still long TTEG.
EK may have bottomed this morning at about 4.15/share looking at the chart. I see an indication that expected losses for EK the third quarter are very small compared to the last 2 quarters, so if that happens that should push the stock higher, IMHO. I also see that 2 officers just reported SEC purchases of nearly 1 million shares (shares or options, or excercised options?, see the SEC Oct 14 reports for exact details) purchased at prices (buys at $4.54 IIRC) at well above today's lows of $4.15 as I type. And the latest data I can access at my broker still shows apx 20% of EK public common stock to be short. All these look like a perfect set up for a huge run up in the stock price. Also retail news lately is showing positive signs, which should help the stock and earnings. I am still long EK and considering buying more at what looks to me like a bottom forming here.
This is my last free post for today.
This looks interesting. You are probably the only one here that will understand it (other than yours truly, LOL).
http://www.nrel.gov/docs/fy04osti/35593.pdf
Also, for others here, I found this statement by the DOE in the report interesting as well, and is probably understandable for the rest of the crew here if they please take note that it says I was right in my prior assertions that FDA gets in the way of getting an algae product to market in the high end areas. Hell even everyday hand soap requires FDA approval for use around food operations.
"In the previous study on algal hydrogen production, the reactor cost significantly affected the
price of the hydrogen produced. Estimates of reactor materials costs range from a few cents per
m2 to $100 or more. The main reason for this is that different material requirements were
assumed. While there are some commercial reactors that grow algae under artificial light to
produce food additives or supplements, these represent high-value materials so the reactor can be
more expensive. For food additives, certain FDA requirements must be met, which further
increases the cost of the reactor."
The rest of the paper is about light transmission (pond depth and light intensity)and use (or lack thereof) of excess light by Algae.
Averaging down only works if the stock ever recovers. If it never recovers, averaging down only increases your losses as the price drops even further. I tried averaging down with BEHL 3 times after my first buy in before I gave up and cut my losses, and so far the stock has gotten cheaper since I sold.
I have yet to see enough math and coordinated business plan with realistic targets anywhere here to convince me it is worth .03/share right now based on the number of shares, etc, or that it will be next year. I am however, right or wrong, waiting to see how this whole thing plays out. I still think we are being feed nothing but vague easily miss leading PRs, with no real substance. But then again few investors would even understand the substance I am looking for, like a real energy, and reactant mass balance, and ROI with ALL the costs and assumptions on paper. So maybe they don't feel the need to send out anything but vague PRs.
All I see here is a bunch dreams and wish lists for the most part. Last time I checked here DF was still waiting for equipment to process his first batch of algae in real equipment needed to separate wet algae from the oil it contains. While his competitor who is supposed to be behind DF in terms of having the best design seems to be ahead in the areas of being able to filter and press oil out of algae already.
I think we are about to bust out and go higher here folks. I just finished reading the latest SEC filling, long and boring as usual, but long story short there is a take over merger under way with MHAN trying to take over another biotech which would add to our pipeline! Looks like a cheap take over too, as they look like they ran out of cash, if I read things right, and looks like the takeover target bond holders are talking stock for debt. The details are in the SEC filling, I don't recall all the details, and non of it is a sure thing, not locked in stone, but very encouraging to see little guys like MHAN on the hunt for a take over target, and apparently willing and able to pursue such a deal!
Disclosure, I have been long here since about March and I doubled my holdings yesterday. Tried all day to buy at less than .09, but finally had to pay .09 just get the order through. If you look at the charts, do some TA, volume has quietly creaped up, A/D is climbing, and the stock is about to bust back up over .09, maybe Monday, and I think we are above the 200 and 50 DMAs.
That is a very bullish looking chart. Interesting that the lower bollinger band seems to be acting as a moving support line in that chart. We need to test and get back over the 50 day MA next.
Well it looks to me like .36 or .38 is getting squeezed real hard here, only question left is will it break higher before it tries to cover the gap up from way back when it gaped up from the low 20s to the 70s. I am hoping it gaps up first, but I have placed buy orders in all the way from .19 to .25 in case it runs down and back up so fast that I miss it, like if I am away from the computer all day. The TA has oscillated back and forth (bearish-bullish-bearish-bullish) in the wedge/triangle squeeze as the upper resistance has fallen and the lower support at .36 has held, showing a bear, then a bull back and forth lately. I am pretty sure we will see .25 or so eventually, but it may come and go real fast, and any real solid news on this stock could run up a lot higher real fast. I think a lot of people are watching this stock and news now that weren't around for the last run up.
I bought in a while back, and just this week finally got time to dig into the real DD on this one, and I got to thinking that this one could end up being a low Cap stock, meaning let the partners build the engines, meaning we don't need to sell more shares to fund a billion dollar factory!!!!!, so this company becomes a cash cow overnight (OK a few more years maybe), but what happens if China builds 1,000,000 motor cycle engines a year and pays us $10 per engine in royalty fees? At a 10:1 PE that makes an easy 100,000,000 market cap, now plug in more realistic numbers if you have them and see where that takes our market cap and divide by the number of shares.
Am I kidding myself, or could the market cap here go to .5-1 billion dollars in a few short years, with out more funding to build plants since they have partners in China to do that now?
The vertical system does not need to use more electricity. If you move the liquid with a turbulent gas, like CO2 in a smaller diameter tube the vertical could use less power. I would bet that it takes just as much pressure and energy to move that pig through the tubes as it does to move water through the vertical systems. He is using a positive displacement pump in his videos anyway, so the energy cost between pumping up 5-10 feet, versus pumping sideways forcing a pig through the tube is a wash. In fact the pig may be using more pressure. If he pumps back up into a vertical storage tank that feeds that diaphragm pump he is using, that has a liquid level 5-10 feet above ground level that is no different than pumping vertically through horizontal tubes stacked vertically 5-10 feet high.
If the reactor is one continuous tube it should not matter, the pumping cost would be the same if the flow rate is the same.
If the tubes are made of UV transmitting polymers, then plenty of light should get through other vertical tubes to get enough light to the others. I am not convinced that the flat method he is using is maximizing the use of sunlight, or said another way, I am not convinced the competitors vertical designs are starved for sunlight. I don't think sunlight is a limiting reagent in that way. I could be wrong. Anyone got any growth versus light intensity charts and light intensity readings on the different reactor designs we have seen?
Algae are real interesting critters, they can continue to grow in the dark over night, to the best of my understanding.
They are part plant, part animal, IIRC, in that they convert sunlight and CO2 into O2 during the day, and they do the opposite at night, convert O2 to CO2 at night, but they continue to grow and live day and night. I would need to read up to see how much of their mass growth or production of new cells depends on sunlight, or if they continue to grow at night. I do know they continue to breath at night, and they convert O2 to CO2 at night in ponds. In fact that O2 conversion to CO2 at night (this happens when they get no sunlight), is what drops the O2 levels in lakes and ponds and results in huge fish kills out in the wild where algae gets a grip, and that is the reason EPA regulates the pollutant runoff that breeds algae, like phosphate soap and fertilizer run off.
They may need the day/night cycles to achieve optimal growth? Most of my experience with algae has been trying to kill it, to keep it out of waste water treatment systems, as it adds to the waste water pollution in a municipal or industrial waste water treatment system (raises the COD and BOD), and they muck with the pH balance as the sunlight comes and goes, and that messes with the bacteria that treat the waste water as they need O2 and do not like wild pH changes!
Back to your question, I don't know the "optimal" answer, but my experience and education tell me that surface area of the tubes, and transparency can go a long way, and all BEHLs competitors units that I have seen so far have a vertical structure of some kind, so they seem to think they can get higher density per square foot, at a higher cost per square foot with out sacrificing light coverage. I am surprised that none of them are using smaller diameter tubes to increase the surface area for light to meet the water and to increase mixing and turbulence. I would think thin walled tubes about 1/16" diameter with a nice delta P across the tube inlet and outlet would make more sense, borrowing from what I know about water treatment. The tubes could be hit with reverse pressure periodically if needed to unclog the inlets.
While writing this it has dawned on me that one achillies heal for algae is that it does convert CO2 to O2 at night, only at day so we can forget direct operation on a power plants exhaust. The CO2 would need to be captured and stored for day time feeding only. Also locations near the equator would be the most land efficient locations as they get the most daylight year round.
It would be most interesting to see the net mass balance on CO2 to O2 conversion versus O2 conversion to CO2 as Algae go from day to night time modes. Probably other variables involved like nutrients, pH, temperature, mixing, and the species of algae used.
I am long here, have been for about 6 months. I have some done DD on this one and I have found some interesting things. They have a high debt to equity but most of that debt is backed up by hard assets, ships, many other competitors in there market have ships parked sitting around according to many wire services, but DAC is still making record earnings as all their ships are on long term leases out as far as 10 years! Their biggest issue is the need to come up with more cash as their new order ships arrive over the next 2-3 years. In order to come up with more cash, they may need to issue new shares, which means dilution, which is a fear keeping the stock price down, plus the unfounded fear of loosing leases. I have noticed that other stocks seem to rocket up and stay up for a while this year just before a big issue of new stock hits the news wires (EXM is a good example). Since DAC has not made such a move in price, and the other issues are already discounted in the current stock price, I think DAC is a good buy right here for a move up 50 to 100%, perhaps right after or just before earnings are announced this quarter. The PE is real low, about 2:1 last time checked.
One other note of interest, it seems the CEOs family owns 80% of the DAC common stock in a trust, so the float is very small compared to what you would think.
Well I bought a bunch of COINU shares at the close friday, the new issue that has the H warrants attached, doubling my holdings. I doubt we will drop under $1, looks like we are at the bottom here to me, but if we go lower I will buy more.
I have been long here for about 6 months, road the drop out long, and added more shares recently, back in the green again. I read about 3 months ago right around the last earnings report, that one of the analysts that followed this stock was dropping them due to "poor earnings visability", and then a short time later their last earnings report was a disappointment, due mostly to a construction delay that delayed billing and completing / reporting earnings in the period. From what I read we should get those earnings this quarter, which should pump this quarters earnings way up, so with all the great order news this year, and project bookings this is looking a $20 stock to me before too long. The book one order this year that was 3 times current annual sales!
You obviously see no value in land, as vertical tubes making use of vertical space above the land, increase reactor density per square foot of land which increases the per acre cost of the PBR. Clever way for DF to claim his system is cheaper per acre to build, which it probably is, but its productivity per acre would lower, thus hood winking investors with his mine is cheaper to build nonsense.
Vertical tubes don't need the pig, they use turbulence and gas bubbles (Archimedes' principle) to do the scrubbing, and there is nothing new or novel about PIGs, except maybe the lipstick they use, LOL.
Good points, another concern I have about BEHL's reactor is it's lack of use of overhead space. All their competitors seems to have a dozen or more tubes in a row in a vertical space, and MIT had vertical tubes, not horizontal. The vertical tubes in the MIT set up made a lot more sense to me. By going horizontal BEHL created his own gas problem thus needing to come up with a way to move trapped gas bubbles and biomass out of the tubes. MIT made use of density differences to their advantage, DF has not, not yet anyway.
I was not complaining about their partnering up, only trying to make my point that I tried to make before, and was riddiculed for saying, point being that they are not as strong a company as some here try to make it sound like they are. IF they were the leader in this area, and had no real competition they would not be farming out part of the production of the oil to a known real competitor.
All I am saying is they are not the only game in town.
You paid $9-10 a share and held to this price? Brave soul indeed!
In that case I like the paint job, just wished they had told me first so I could have bought a gazzilion shares first, LOL.
Or else some one pumped the price action the last 3 days so they can pump the stock next week! One who is long can only hope. I am only down 80% from what I paid for it, LOL.
OK somebody tell me why this stock just went up 35% on the only stock trade of the day, 25,000 shares?
kennypooh, I have been reading over todays news and posts here. Is it just me or do you also find it strange that such a strong (according to many here) leader in the algae to oil field needs to partner up with a minor (LOL) competitor to deliver a few 55 gallon drums of algae oil?
Yes folks, we have hit the big time here, got an order from no one knows who for several drums of oil that our friendly competitor is going to help us produce.
Who needs serious working capital when we can borrow our competitors system or equipment.
I have not had time to really look closely at Mantra yet. Some one mentioned it in another discussion recently, and I made a note to look into it later. I will be following here for a while, and try and do some reading of SEC stuff going back...etc, when i get "aroundtoit". I have become a lot more wary of just jumping in after getting burned a few times, recently with BEHL. I am also becoming painfully aware of the need for timing, as nothing goes up or down forever. But I will be hanging around here checking this one out. While I invest to make money, I also, like Warren Buffet, like to invest in something I understand, and I like green investments, so this one qualifies on both fronts.
Your welcome, it is all the huge long winded prospectus above, and basically explains the drop in price today, and last day or so. Thought I would summarize it, as I read very fast, and most people don't. Might save some from panicking at the price drop today if they under stand our net Book value has just gone up 1000%, which will provide a lot of bottom side price support, making this a lot less risky stock than it was 12 months ago.
"This is MUCh bigger and better. Read all the DD on Mantra and its web pages. Your comment on power generation confuses me because this is not geared to generate power but a product solve a problem on ERC. The battery issue is separate. Did I miss your point?"
Battery issue? Did I MISS SOMETHING?
I was refering to the electical power needed to run the electroreduction that converts CO2 into formic acid. That power needs to come from somewhere. If it needs to come from a coal fired power plant (which will be one of the best sources of CO2 soone), then it needs to use a lot less power converting CO2 to formic acid, that the energy produced by the coal fired power plant that produced the CO2.s that clear enough? I know they could use power from solar, but then it competes with end users for that solar, so my thinking is that any technolgy that caputures and converts CO2 to a product must use a lot less energy than the CO2 producing power plant produces, or it is a now win option. Entropy is a B*tch.