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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.
OK, this one is a no brainer. Usually (as we see today) a big stock sale that increases float hurts the current stock price, as we see today, but here is the other side of the picture. I just read in the prospectus, that the current book value of COIN is about .04/share. With nearly $15 million dollars going into the Coin bank account from this stock issue, their book value will go up 1500%, raising the book value of Coin to .44/share!
This should be a great time to buy the stock!!!! Like I said I have placed an order for the COINU. It is already trading. I don't know if we can buy COINU from the underwriter at $1.06, but it is already trading at a few cents over the COIN price, and a little over the COINU price, so I suspect the underwriters sold all 15 million already, but I don't know for sure. I like the idea of get warrants to 2014 with the COINU for a few cents more that current COIN shares. The COINU splits out to COIN and COINW warrants in about 45 days.
I don't see any big moves until monday next week, with options expiration tomorrow. I think it will try to hit $1 by sometime in November. I think we are going down late November to early December.
Don't know, I have been long here since about April, have no plans to sell, holding long.
I was thinking the same thing, but I am reloading with COINU, which has the warrants with the stock until about a week from now, if I understand what I am reading in the offering. Having looked closely at their financials this is actually good news that they raising cash with a stock sale here, and any ongoing loses per share should actually drop (loses per share get diluted) as they transition to turning a profit in the future. Looks like the will be raising plenty of cash to pay bills, reduce debt and interest costs, and to pay for future upgrades and expansion. The $1.06 price of the offering on COINU also sets a nice floor to the stock price. Past stock prices, on news, and early last year show this as a $2-5 stock with an upside future. I wont be surprised to see hit $2 again this year, so this looks like a great, relatively safe buy in point. I have been long on this stock since march, never traded it.
I just read that 20% of EK stock float is short! I would have thought that mr. shorty had learned his lesson shorting this stock the last 2 months.
Great Ceasars Ghost! Rising like a Phoenix here! Wonder where we will end up when the volume really takes off. Volume seems to be slowing rising with the price, another good sign.
"Actually, I think the non-disclosure a prudent decision, in order to save the funder's phone lines from being burned up."
Tell that a week from now when the stock hits .01, inspite of news about a $500,000 private R & D investment.
Is it an investor, a customer, a blend of the 2, a loan shark? WTFKs?
I am looking at this stock for the first time. Does anyone know what the power consumption is on this tech and how it compares to the power produced by burning coal to produce the CO2?
I am already invested in algae and in CABN stock, and this one looks interesting too on the surface.
I think I am seeing increased volume, and accumulation here. It looks like we are getting ready to break up. I wonder if the recent SEC merger filing doesn't have some people quietly stocking up here. .082 is looking like strong support.
I own CYTR, long, bought earlier this year at about .30, and RXII looks beat way down, with 2 pieces of recent good news, in prior posts here after most of the price drop. I don't own RXII, but it is looking real tempting now, like a way over sold stock, that should bounce. I am looking for a bottom to buy in at. Any one here that has been following this stock? We need a chart? Up potential looks a lot better than down potential for sure. Any news of a deal or partnership with another biotech could spike it up nicely IMHO. I am just wonder if $2 to 2.25 is a bottom?
I am wondering what the PPS will be when we get some bad news, especially considering how well the stock is doing with all this so called good news.
Can you say "How low can you go?"
Once again all we have is another mystery for investors to puzzle over and debate from DF. $500,000.00 from who for what? When I say who, I don't mean WHO either. Once again he dangles so called good news, with too little details to convince naysayers that it is not smoke and mirrors.
No legitimate company issues this kind of mystery angel press with out saying who is doing what.
I think I recall seeing last night that some 30% of CABN is owned by institutions? Is that correct? If it is it is also big news! I think it was in deep my Fidelity brokerage tech details.
Oil companies are likely to partner with coal fired power plants to buy and own these don't you think?
All we need is to break through the .18 upper resistance to take out .20 next, then .20 becomes support, and we head for .30 quickly, the next upper resistance. Even traders should love this stock right now.
For you penny traders out there, if I were you, I would hang on to some of this stock (even if it is not your style) for the long haul, as a DOE grant and or partner news can hit any day and send this stock into dollar land for keeps!
My background is Chemical / environmental Engineering (30 years), and this is the one penny tech stock I see that has all the looks and feel of not being a scam, as most are perpetual motions BS, or huge stock dilution games, etc, this one is for real, real tech, and paradigm shift with perfect storm potential.
Wow, great post!. If that isn't a real professional video, I don't what is. That alone should send the stock price sailing. We should blow through .20 and set .20 as support any time now once investors see that. Of all the penny stocks I have ever seen, this is the real McCoy.
"Video Declassifies Key Innovations Behind Company's Smart Particle Technology(TM) for Industrial Scale CO2-to-Fuel Operation
Press Release
Source: Carbon Sciences Inc.
On 7:01 am EDT, Wednesday October 14, 2009
SANTA BARBARA, CA--(Marketwire - 10/14/09) - Carbon Sciences Inc. (OTC.BB:CABN - News), the developer of a breakthrough technology to recycle carbon dioxide (CO2) emissions into gasoline and other portable fuels, today unveiled a video explaining the inspiration for its proprietary CO2-to-Fuel technology and nano-engineering innovations behind its industrial scale process.
"A video is worth a million words," said Byron Elton, Carbon Sciences' CEO. "The potential of our technology has been enthusiastically received since we announced it last year. This video helps people visualize the actual process and demystifies all the discrete innovations within our breakthrough technology."
The six-minute video, "Carbon Sciences: A Breakthrough Technology to Recycle CO2 into Fuel," takes viewers on a three-dimensional journey through the microscopic world of microorganisms and their natural biocatalytic method of transforming CO2 into fuel molecules. The video discloses the breakthrough mechanisms that allow Carbon Sciences to mimic Nature on an industrial scale -- specifically using the company's patent-pending Smart Particle Technology. Smart Particles are highly efficient nano-scale CO2 to fuel reactors that incorporate a number of Carbon Sciences' innovations including: (1) a low energy enzyme-based biocatalytic process, and (2) a proprietary enzyme encapsulation technology that increases the life of key enzymes to reduce the cost of fuel production.
Smart Particles are the key to achieving a fast reaction time and industrial scale-up of the company's CO2-to-Fuel technology. The design of Smart Particles is inspired by the way single-cell organisms work. A Smart Particle is based on the concept of synthetic biology and functions like a highly efficient artificial cell that contains proprietary enzyme processes to serve a single purpose -- to absorb CO2 molecules and excrete fuel molecules.
The video is available for public viewing on YouTube:
"what's abr's.. i don't know . "
Algae Bio Reactors. Sorry, old habit from work of creating acronyms on the fly.
While I have made a point of their not being ready to fill a 300 acre order as a negative (which it is, DF is doing the right thing by building a 3 acre system first, where he plans to build a 300 system later, in order to determine some of the variables involved in the different locations, like climate, temperature swings, wind and sun shine that can affect the PBR operation from a thermal standpoint. Local water supply, unless he preconditions the feed water (?), is another variable. Doing the 3 acre first allows him to make last minute design changes before sinking a bunch of money into a 300 acre system.
I must give credit where it is due. DF has done a great job selling stock Walmart style. Now if he can just sell ABRs and make money....
For the stock holders that is.
Intel just reported great earnings, and revenue news, after hours, sending the tech retail stocks like DELL higher. If JPM news is positive before the market opens, were heading for new market index highs tomorrow, and SIRI may get a tail wind being a sort of tech retail stock, IMHO. I think we may $1 in less than 6 weeks here.
Intel hit the market with good news today after the close, if JPM does the same AM, we will send the US indexes to new highs, and CABN may get the push and move with the market to push through above .20 tomorrow! The chart is showing a lot more up volume than down volume. The last 2 big moves up had a lot more volume than any of the down volume days the last 2 months. I think .20 is about turn into support again.
Also, I'd like to mention that not long ago they announced that they had a breakthrough that eliminated the need for a pilot plant trial and were ready to go full scale! That was huge news, taking 1-2 years off of the full scale deployment and deal making time table!
A full scale deal and or DOE grant is sending this stock to $1.
I always was fond of blind folds. LOL.
I am wondering if it does not have further to go upside. Todays news was huge. And it has been much higher. I am new to the stock, so I don't know what the float is, how much it has changed since previous highs, but I would say this might be one to watch, especially if we get a sizable market pull back by year end. I will be watching, and doing DD on it.
What project?
"BEHL already PR'd that they contracted with REW on a project by the way, so this should be no surprise."
I don't think it will go below $4 again. I think it is a buy on pull backs right now. I am long, and have been long since it bottomed 3-4 months ago. I doubled my position about a week ago. I expect it blow well past $10 in 1-2 years. Holding long here.
I don't think there interest in BEHL is in their "simple" system, but maybe elsewhere, maybe algae strains from east Europe? If I was BEHL, I would be more interested in their systems, just based on a visual look see. To me BEHL's system look likes a garage home made operation.
That was in Africa wasn't it? Back in the 80s? They thought it was HS, but turned out to be CO2, or was it CO? Had something to do with a pH shift in the lower part of the lake, that turned the lakes carbonate cycle upside down, I forget the term. Heard about it again recently on PBS TV show IIRC.
Be nice if they could figure out how to skip that step, and just filter the input. I wonder if anyone is looking at PSA molecular sieve technology for the capture of CO2.
One question I have is will CABN technology kill these guys, make them obsolete, or will CABN technology need their tech to capture the CO2 first?