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Anybody notice the US markets, SPX at least, has been up 6 days straight! This market and CABN bear (pun intended) close scrutiny this week. We have financial earnings reports this week and options expire Friday and the markets are very near yearly highs. CABN is very near to busting out over and above a prior support at about .15 if I am reading the six month chart right, support that had turned into resistance. Timing may be perfect for this stock to run back up to the .30 level very quickly, unless the financial earnings reports are real bad, and the markets head south. Both are poised to make a big move starting later this week.
I'm listening!
"I doubt if anyone here is listening though!"
That is correct, but he did not say coal power plant CO2 could not be used to make fuel for burning.
I have been long on PRGN most of this year. I think we have solid support now at about $4.36 and $4.00, and PRGN should do well the next 4 to 6 weeks. Earnings may be a little lower now due to the stock dilution, but they have more cash now to cover the upcoming newbuilds (caps) they have on order, and the average price of the recent new shares sold was $4.11, setting a good bottom I think, sold during a 50% drop in the BDI. The Capex rates doubled in the last 10 days or so, just as things were starting to look bleak. I have felt that PRGN is worth at least $8/share all year, and still feel that way. This could be a $25 stock in 24-36 months, and it pays dividends along the way. And it is not run by the CEO of DRYS, LOL. I think this stock is just not as well known as DRYS, EXM, and the other that get most of the trader blog discusion.
Depending on earnings reports for DBS companies and the big boys indexes, December is where I potentially expect the next big pull back. I went back from 100% stock to 45% cash back around Sept 21-30, and went back to 20% cash a week ago, from 45% cash. I may be 100% stocks by end of this week.
Disclosure: I am long on EX, PRGN, ESEA, NM, and NMM. Made money on all of them except EXM. PRGN, NM, NMM, and ESEA all still have nice dividends. NM seems to the major owner of the LP in NMM, and NMM is paying a 12% dividend, being an LP it pays out something like 80% of earnings, and it appears it gets some of its liquidity and banking through NM, which is solid with about a 3% dividend.
Why is it all the really great company starts up like that one are always private vulture capital funded with no public shares until late in the game. Sad.
Any idea how long it may stay in the .20 to .24 area when it fills the gap? How low is likely to overshoot under .24 when it does. I am not to the idea of gap filling, but have not watched or studied it closely yet. I bought a little at .70, a lot more at .36 on the last bottom (which did last long), and am thinking about pre-ordering a double up of invested dollars near .24, thinking it might hit .20 and over shoot, but don't want to miss the buy. I suspect .20 to .24 will be the new low support that we slowly rally from back to .40, unless more news moves it first.
Regarding your post about (nice post):
"This company was at the summit and seems to have been able to raise capital for algae production. FWIW"
http://www.rwenergies.com/
Nice post, obviously RWE is second class to BEHL, LOL. No doubt people here will be telling us why BEHL is so far ahead of RWE.
Are you suggesting that BEHL has competition, or that BEHL should have no problem with funding, as they have been able to get funding, or both?
Somebody needs to look at operations like PSC (Penny Stock chaser dot com) that pumped and dump the stock numerous times collecting investor cash in the process. They pumped the stock to me dozens of times, in two separate waves, or periods.
"2) Will acquire controlling interest of Biocentric Energy Algae, Inc (The subsidiary) For Preferred Shares. "
So how many of the real controlling, preffered shares (they own the assets people!) do you stiffs think you are going to get from the merger?
In general that is true, if it is a food ingredient. Good answer, but some food ingredients do require FDA approval, like food colors. I do know any algae extracts used as drug ingredients would require extensive FDA work, testing and approval. Didn't recent PR and Dennis' own words in the video, say the big value was in extracts for the drug area, thus leading investors to get wide eyed at the potential value there as opposed to the fuel market?
When it is selling for .01 in a few weeks, or .001, then ask that question as to if it was smart for me sell out at .033.
That is one of the most intelligent statements I see here today (other than mine of course, LOL).
Most curious that no one has countered my last argument (other than personal attacks) as to why the value of the purported phramaceutical market is not there for BEHL. It's not even in their ballpark. Speaks volumes people.
I am sitting here wondering if they even know that it takes FDA approved tubing for instance( I am thinking of their super secret tubing formula they have trusted the Chinese with, who are not know for protecting IP) for the bioreactor, and everything else in contact with the product?
That takes tons of money for product development, extensive testing and QA/QC process development and testing for FDA approval if it is going into a pharmaceutical drug, and still takes major work even for a food ingredient.
I'm just trying to warn people to get a life raft before they drown.
It is called conservation of capital. I never liked hanging around on a sinking ship. I find it silly to stay on board a sinking ship and tell everyone the water will push its way back over board, and the hot air PRs will re-float the ship.
When a stock keeps dropping, breaking through support, in spite of all the press it has gotten, and does it while the stock market is going up, then something is terribly wrong.
I heard about this stock recently through Super Nova stockpicks by email. Did a little reading on this and their technology sounds like a scam to me, a scam that I hear about repeatedly and have heard repeatedly over the years. There must be a dozen scammers selling this same sort of magic pipe dream on Ebay already. I will say right now, I don't believe these guys have a working device like they claim, I have heard this exact sort of bogus claim too many times over the years.
That said I looked at their latest SEC report, and I can't figure out for the life of me based on their "we are broke and have a huge rat hole we loose money in" financial statement, other than the familiar phrase "fools and their money are soon parted", can't figure out why 40 million shares of this stock would be worth anything even remotely close to its current price. I am in the wrong business is all I can figure.
Disclosure: I do not, have not and will not own this stock
Experience: Hobby: Working on gas and diesel engines
Training: Chemical & Environmental Engineer consultant
At this stocks price, you have a better chance of making money in Vegas, than you do long term with this stock.
NO.
That said, I have been thinking about the pharmaceutical market many are now pressing their hopes on (as serious questions about it making money soon on the algae to fuel front have already been raised) the phamaceutical area, high algae ingredient value?
I have one question regarding pharmaceutical applications. May or may not be valid. The question is FDA approval? I doubt it is as big a problem for using the system to generate food, and not an issue overseas, which is a potential market, but BEHL is a local state side start up, not a GE. Back to the FDA. If they plan to build units that will supply feed stock for drugs, BEHL as they exist does not have a chance near term, end of story. Check the time lines on biotechs for manufacturing process approval, on know processes versus experimnental tech.
Continuing disclosure: I no longer own BEHL, and won't own it again, unless some one can convince me I am FOS, and that BEHL is worth a good 500 million dollars. (good luck with that one, LOL).
Any idea why this stock went from dollars per share to pennies so fast recently? By recently I mean back in June or so.
Regarding pre-paid construction costs. Just ask yourself this. If you wanted to buy a $10 million dollar system, would you front the cash to a BEHL that has never done a construction project, does not yet have a full sized system in the field, and does not have the working capital to build and prove performance before getting paid? I had an order "offer" from Ford in 2000 for a $1,000,000 system (one of my patents), but I was in the stage BEHL is in now, and Ford offered me a performance contract, which I had to walk away from because I did not have the working capital to fund it, much less the cash to risk on a "performance contract", and the investors to fund it never showed up (the 2000 internet bubble, 9/11 and GWB killed any chances of getting it funded back then). They were willing to order it from me, but they wanted me to pay for it, own it, and share the savings Ford. Performance contract, a common practice!!!!!!!
9 years later I am still trying to get the first system funded and built.
Good luck getting it from a bank.
Gap where?
Well I am still holding mine. I suspect one of these days they will come out with news of new deal with somebody, new product study that will put some life back in the shares. Otherwise, one would think they would have just closed up shop earlier this year. But I wish they would post something to the SEC just to update us, even there is nothing in it but losses update.
Has anyone looked at the max pain on options for SIRI, as next week, Oct 18th is options expiration day for oct. Maybe the stock got too high, and they pushed it down for oct 18th, after which it might head back up?
I am not so much down on algae as I am down on the fluff that has hurt the real stock price value of BEHL, like PSC which over pumped the stock to what I now consider to be unreasonable values. I think algae has a huge future, I am just no longer convinced this is the company that will reach the big times, and therefore I still think it is way over priced already. I am looking for a real player in the field. I also think in the CO2 to fuels game CABN has a much better direct path from CO2 to fuel, and I have far more confidence in their inventor and his patents, and the CEO and his press.
http://www.cleanskies.com/videos/byron-elton-carbon-sciences-talks-carbon-recycling
Thanks for the post, I was not aware of that. Most of the anaerobic biogas I had heard of was being used directly for heat on site or to produce energy, but I assumed they were using gas generators, not fuel cells. I heard a huge push on fuel cells back in 2000, and then after 9/11 I never heard much more about them, I figured it was the price of CH4 that killed them, and the problem with throttling their output, and the slow start and stop issues, as they are not instant on, off yet, the last time I heard.
For those have PM'd me, I don't have access to the PM service here, just the free services, so if you want to chat back channel, PM me an email ady.
Great news, a $10,000,000 award, apply for it from a website that does not work. Great news guys! www.prizecapital.net
Edit: never mind, it is working now.
Another huge source, soon to be tapped is solid methane hydrate deep under the ocean floor. Enough to last a 1000 years or more IIRC the last estimates I read. Right now they are already finding it, and having problems when it turns up with oil in ultra deep offshore wells, as it wants to go from solid to gas (explosively pressure wise) at critical pressures as the oil is pumped up to the surface.
Ya, I think we may have hit higher low here today. May depend on what the market does next week, but all tea leaves I am seeing say the market is heading much higher till december at least. We may see a drop back to as low as SPX 1050 by friday next week, I hear that is max pain for options expiration on Oct 18, but we also have the big boys earnings reports next week, so we will see. I suspect we will do more side ways moves next week, then begin to try and place new highs the next week, after oct 18. If CABN holds this bottom next week, we might see some rally here too.
Sorry guys, my earlier post (1979) was made in the wrong stock board, please ignore it, I was talking about CABN, and ended up posting thoughts on CABN (which I also own) on the wrong board, here, got busy, and was jumping around too much.
Regarding the answer to my post, that I am answering to here (I know it's confusing) You are right, TTEG seems to have a huge future with overseas companies, Asia. My guess is the US companies don't have the money to invest in it, while japan and China do. Most of the US DOE money is going into new tech for electricifcation smart tech grid upgrades, electric hybrids, electric vehicles, batteries, new solar power tech, biofuels, especially that use CO2 to make fuel, and not into new engine tech. That is why it is so nice to see Asia funding TTEG.
I will add that I think TTEG is a long play, not a short term play, that may take a few years, long term look to pay off big. I don't expect a huge run up in the stock anytime soon, based on recent news. Buyers should be buying this stock for the long term look, not short term news trading.
Interesting that while Toyota led the world in hybrid development, and the USA is now playing catch up, China and Japan are now moving in the other direction, not reinventing batteries and hybrids, but funding a new engine design for power plants from motorcycles to behemoth mining engines.
Not really, I just know from coversations that the monthly bills have paid for quite some time, not with debt, but with monthly sales of new shares to accedited investors at .125 a share, and those shares are restricted, can not be sold for something like 2 years IIRC (don't quote me there), but the picture I got is if these acredited investors are paying .125/share, and have been monthly for the last 12 months, and have put something like $500,000 (guess on my part, maybe less, or more, don't recall the exact numbers, but they are posted quarterly in the SEC financial reports), that these guys expect to get a lot higher price in a year or two if they are excepting 1-2 year selling restrictions to buy at .125, so I figure we real safe long term at these recent prices. I won't be selling any shares until we pass $1/share, and if somebody gets desperate and dumps a lot of shares at under .125, I will buy more. I won't sell all my shares till hits $5 or $10. I strongly suspect somebody did a hit and run short sale that took us to .06 last month, bought back and went long.
I disagree, if anything Exxon might buy them out at a $1.00 (if they were willing to sell that cheap? Which doubt), and Exxon would deploy the CABN tech at power plants and pipe the fuel to their refineries and distribution points, and take CO2 tax credits, and control the fuel and oil prices. Governments worldwide are behind this big time. And DOE is handing out money like candy on Halloween. My only fear is CABN's DOE application may have late timing wise, I have no doubt an Exxon or SO like company will pony up the dollars. These guys are miles ahead of other CO2 techs including CO2 to algae.
I have talked with him by email already.
I think one reason this company has a future, is because of both men. Either one alone, would be a lot riskier.
Other commnentor (?), I don't think we will get back .10, in fact I would be surprised to see it go below .125 this trip, before it retests .18, only reason it hit .06 recently was a single large investor dumped a huge number of shares on low volume while the market was also down, and no one had enough buy orders in when they dumped, and the stock was already trending down. In fact two large sales took it .12 and then .06, but look how fast it ran back up to .18,IT bounced very quickly back off the .06 price. Strong support is at .125, which is what new shares have been sold at the last 12 months to accredited investors.
tytewurk,
"My opinion is that its going down due to those who didn't catch the run yesterday. Those who bought can't sell till it settles which is T+3 and then Monday is Columbus Day, so ignore it for 3 days, then if its down change you cost basis or sell that's about the only two choices one really has"
Good point on T-3, but the real fast traders (minutes to hours) have already sold (they have the margin needed to buy and sell fast, no 3 day wait needed), or are waiting for a bounce. At the moment the short term chart from the .06 bottom, shows a solid up trend again, with higher lows and higher highs. Look at what it did in March while the market was crashing.
Normally after a huge run up like yesterday I would sell and buy back a few weeks later after the dust settled, but it is just to chancy with potential DOE grant news coming out any day. If the don't get a grant and we go lower, I will add more longs if there is any sell off.
Right now I am wishing I had taken some profits off the table yesterday, but could not bring myself to do it even at .16, No way I am selling at today's prices, and trying to flip this stock is way too risky for real longs like me, as there is just no way knowing when the news of power plant partner, or DOE grant might hit the wires and this stock up ever a dollar in minutes. Might be hours, days, weeks or a few months, but I don't want to risk missing the ride. I trippled my position recently when somebody dumped stock at .06, and it hit .18 yesterday, in just a few weeks, on just the news of patent filing, and that last breakthrough. I wish they publish current energy balance and projected ROIs, on the power plant (coal) models and analysis and update as they make these breakthroughs. Be nice to know the details, as I am a Chemical Engineer. I could probably get it by email if I just called them and asked.
Even if DOE does not fund a grant in this round (which they still might), they might fund a grant later, and sooner or later I would think a CO2 power plant would fund a scale up trial even with out the DOE.
Any one know why this stock is not trading today? Zero volume on my screen?
That site needs work too. The contact page is blank?
The bottles don't say how many doses, pills per bottle? Doses per day?
That site needs work too. The contact page is blank?
I thought they already had a working lab scale prototype.
Last time I checked manure emmissions were CH4, methane, not CO2. And an anaerobic digester would increase the methane production, which could be used directly as fuel, so who needs algae?
Anaerobic digesters I understand, and see the potential, but they would invest, and are investing in digesters now. They are not worried about CO2, yet. The big CO2 plays will be coal fired power generators, not farms. They will need to locate BEHL units near CO2 sources, not typically found in the desert or farms. In 10 or 20 years, yes you might a BEHL algae unit integrated with a digester, or a CABN unit!
Then answer me this. Why don't they ever post links to the companies they say they doing business with? Like Comfort Systems?