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Max, any chance you can repost the ppa web address.
The one you gave doesn't seem to work.
Thanks
Good movement lately.
Does this suggest that the Raft River plant is about to open?
Any Contact?
Last week, several of you who live/work in the New York City area were going to try to make contact with management and even visit the plant.
Has anyone made contact yet?
Sorta like that. Remembering that my bids were at the current ask price...
They gave me 546 shares and upticked.
I waited 1/2 hour and increased my bid.
Then they gave me 1500 more and upticked.
1 hour later I increased my bid for the last time and finally got filled.
Having bought a few thousand shares today using limit orders at the ask, what happened to me is that each time I put in an order the mm's gave me small partial fills and then raised the ask by a penny.
It took me three separate orders to get the shares I needed.
My conclusion... supply is tight, tight tight.
That's what I figured.
Guess I'll have to wait until rkor or one of the others gets a tour of the facility.
Reuters Investment Profile on Aladdin released 10/24.
Aladdin Trading & Co.: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Price is $20. Has anyone purchased it? Worthwhile?
rkor, thanks for trying. Looking forward to what you discover.
Any sign of loading docks or truck traffic at the building?
Now that there isn't time left to request certificates, receive them and get them sent in, I'd love to hear some thoughts about what happens to the price of PNMS shares the minute someone actually reports that they've been paid for their PDR's.
Am I right in thinking that PNMS shares will suddenly increase in value and their holders will not have to concern themselves with the complications of foreign assets?
All we really need in the ibox are two pictures.
One should show the interior of our large warehouse stocked with significant quantities of beer.
The second should show a fleet of trucks being loaded with product for delivery.
rkor, looking forward to learning what you find.
I've only taken a small position... so far. But it could be worth freeing up a few more pennies for this at the current price.
Does anyone here live near Brooklyn?
It sure would be good to have a shareholder visit and snap a few pictures of this operation.
This could be a real sleeper.
Stocktrader, where are you finding these announcements?
Thanks.
Frankie, interesting company. Any date for when they open their first plant? Should be soon.
It was short, sweet and almost pointless.
I can only guess that something was supposed to happen... and it didn't.
But it was too late to cancel the call.
Go to your nearest hospital. See all the Mexicans in emergency care. Guess who's paying for their care right now.
Who gets priority? The Mexicans or the prisoners?
Then go to any other section of the hospital you chose. See all the Doctors doing mounds of paperwork before and after they see every patient.
Then watch the nurses do paperwork. Repeating the same entries over and over. Guess who's paying for all of this redundancy and inefficiency right now.
This doesn't address the permission everyone has to get from the HMO's every time they want to do a procedure.
Guess who's authorizing the doctors to proceed. Guess who's paying them now.
We sure do have the most expensive, wasteful and redundant medical system on the planet. But is it the best? No way!!
What would be better? Ask our congressmen about their coverage as a starting point.
Any chance there's a new web site? I can't seem to get to the old one.
Here's the part I like best...
=================
We are focusing our business efforts on “Green Energy” production and use of BTU output or conversion of the caloric content of hydrocarbons, through several technologies, which includes the use of our coal assets. Coal prices should remain at their current levels, or move higher based upon increasing usage in China and India, as well as other emerging countries and the more recent increase in oil and gas prices. Distribution of our refined coal occurs through agreements with our customers and traditional transportation methods utilized by the coal industry. These methods include, transporting by ship, barge, railway and over the road trucking.
On January 27, 2006, we received coal washing test results from SGS Commercial Testing & Engineering Co. of Denver, Colorado, which provided independent verification and validation that chemical modification of the Pennsylvania coal utilizing our proprietary recombinant protein/enzyme technology (acquired from Richcorp) increased the commercial value of such coal. We believe that test results from the chemically processed coal demonstrate that the processed coal qualifies as “Refined Coal” as such term is defined in Section 45 of the Internal Revenue Code of 1986, as amended. The results showed a 15.6 % increase in Btu per lb. to 13,209 Btu; a decrease in Ash of 58% to 7.33% and a 20.2% decrease in lb. S02/mm Btu.
On March 3, 2006, we executed a purchase order agreement with Island Sales Limited, a Pennsylvania corporation whereby we agreed to sell 500,000 tons of Pennsylvania processed clean coal to Island Sales between April and December, 2006, at the price of $47.10 per ton, subject to processing and delivery specifications. We have not been able to process and deliver this amount or any amount of coal and therefore may be in default of this contract.
In connection with our “Green Energy” business model, we have designed, co-manufactured and tested a small batch processing coal bio-refinery with TecEnergy Pennsylvania, Inc. (“TecEnergy”), a Consolidated Energy & Technology Group, Inc. subsidiary. The coal bio-refinery was designed to utilize our enzyme/protein technology to produce clean coal from waste coal. Our enzymes/proteins are part of an enabling technology that can economically bio-refine hydrocarbons (coal and oil) to remove contaminants such as ash, arsenic, mercury, sulfur and other heavy metals to increase the value of the coal or oil. In addition, heavy or long chain hydrocarbons, such as are contained in sludge or coal, can be bio-chemically modified to increase the value of the coal feedstock.
An independent laboratory obtained the following comparative test results:
Waste Coal (Dry Basis Pre-treatment)
Waste Coal (Dry Basis Post-treatment)
Btu/Lb
7,302
12,009
Ash
46.75%
19.24%
Sulfur
0.63%
0.82%
Independent laboratory testing results confirm that our technology bio-chemically transformed the waste coal by causing a substantial decrease in the level/volume of ash and other contaminants. We are now designing continuous flow bio-refineries, as operational volume manufacturing units intended to process 10-100 tons per hour. These continuous processing bio-refineries have multi-staged processing capabilities that are projected to facilitate further
18
reduction in ash, or other coal contaminates such as sulfur, mercury, arsenic or other heavy metals.
These bio-refinery units are part of our process to remediate soil that has been mixed with the contaminating laid-up coal. We intend to utilize a specific type of enzyme/protein that is designed to sequester and eliminate hydrocarbon contamination (and the by-products thereof) and alter the soil to Environmental Protection Agency acceptable hydrocarbon levels.
Our enzyme/protein technology comprises over 140 specific proteins that perform various biochemical processes on hydrocarbons, their by-products and metal contaminants. The technology can tailor coal or other hydrocarbons, as well as transform solid fuels to liquid fuels. The processes vary depending on the starting feedstock, and the desired end product and value of that end product.
We are currently conducting business operations in the Commonwealth of Pennsylvania in cooperation with TecEnergy. We have recently entered into a Commodity Purchase Agreement with TecEnergy to acquire up to 100,000,000 tons of mined coal controlled by TecEnergy. We intend to serve as a vendor of our enzyme/protein technology and sell the enzyme/protein product to TecEnergy, Ecotec and possibly other entities for use in processing waste coal. These enzyme/protein product sales, processing of waste coal with the enzyme/protein product and the resulting chemical transformation of waste coal should enable Ecotec to perform its contractual obligations to provide us with refined coal at $18.50 per ton. Our goal is to identify end users of refined coal (such as power companies) and enter into sales agreements to generate revenues and profits for the Company. Provided that we achieve desired testing results with the enzyme/protein technology, we may be able to sell refined coal directly to NYMEX.
The Commonwealth of Pennsylvania has published that approximately 250,000 acres of the Commonwealth are contaminated with waste coal sites. It is estimated that this represents several billion tons of coal that has been laid up on these sites since the early 1900’s. In addition to our cooperative business activities with TecEnergy and Ecotec, our goal is to seek out and obtain additional waste coal resources to process into refined coal for commercial exploitation as discussed above.
Yes, a separate exchange is indeed novel.
So is the idea of selling your shares resulting in having them removed from your account - and nothing more.
That's about as novel as anything I've heard.
I've been involved with several who wanted their shareholders to get certificates for their shares in order to squeeze short positions.
But then suggesting that we turn our certificates back in to the company is novel. Too novel for me!!
Kittcar, I started off being quite enthused by this company and took a starter position of a few million shares. But the lack of answers about handling IRA accounts, the very suggestion that we get certificates and just send them in to Dallas, the inability to pay anyone in the manner or time period specified ... just stopped me in my tracks when it came to buying any more shares.
Then, the suggestion that the company might buy out the remaining "pink" shares and declare the remaining shares fraudulent just sent shivers up my spine.
Is this all they can show for a plan worked out over a period of 30 years?
So here I sit with my few million shares. I won't buy any more and I won't sell until I figure out whether these guys are just a bunch of big dreamers or whether they have/can find some real
executives who can execute plans and make these promises come
true.
Midas, I don't do pm's ... but I did nothing to solicit the letter from National Financial Services. Nor have I done anything to persue the land dividend.
I'm not comfortable with having offshore accounts, so I just passed up on the whole opportunity and with fingers crossed, I hope that my PNMS shares will eventually be worth more than I paid for them.
Re:Coribici Land Dividend
In today's mail, I received a blank share certification form from National Financial Services LLC, who does the back office paperwork for my Broker, Fidelity Investments.
The accompanying letter informs me of the dividend and tells me to fill out the form and to return it to National Financial Services if I chose to receive the dividend.
Interesting!!
Several years ago a wise ceo, with whom I exchange emails, observed that if I could ask him a question he had not already considered, he wasn't doing his job.
All you guys seem to be concerned about bank wires. I'm still hung up on the question of shares held in IRA accounts.
What's the precedent/rationale for not displaying the various pdr's that are trading on the exchange, or their bid/ask prices or the volume of trades?
To an investor like me, the lack of this information raises all kinds of caution flags.
Why must I register to trade on the exchange before any of the above is accessable?
Is there any way to get quotes from the exchange without a logon/password?
Fidelity Account Holders;
If anyone has found out how to get a land dividend share certification form completed and "medallionized" by fidelity, please post how you did it. Thanks.
Fidelity Account Holders;
If anyone has found out how to get a land dividend share certification form completed and "medallionized" by fidelity, please post how you did it. Thanks.
Volumes Picking Up.
Maybe some new buyers have discovered Chris' pictures.
http://www.youtube.com/Geotec1
http://s133.photobucket.com/albums/q...02007%20Visit/
Not long now until the company reveals what it's been up to for the past year.
ksbigger, it's encouraging to consider your thoughts about what may transpire with pnms prices on the pinks.
I guess I've become so jaded by the shenanigans that take place on the small cap exchanges, that I'd lost all faith.
Here's hoping you're right.
Wouldn't it be nice if the company would assure us that there's a chance to make some money without opening overseas accounts... particularly for those of us who are venturing IRA monies?
Maybe everyone here likes the idea of opening offshore accounts, but I'm not particularly comfortable with the concept.
My other choice seems to be waiting for the company to declare my domestic shares null and void.
If you get certificates for IRA shares it is treated as a withdrawal. Assuming you're old enough to withdraw the money you must declare it as income.
I really wish the company would explain to us what it's doing.
If the game is to have the company or arbitragers buy up all the valid shares on the pink sheets; get certificates for them; and then redeem them on the new panamersa exchange... then all of us holding shares in IRA accounts are screwed!! Either we withdraw our shares now and pay taxes on the funds or we have our shares declared invalid later on.
As to non-ira shares, we can now do as suggested and get certificates for them... but this suggests that we intend to place them in the new panamersa exchange.
I'm not convinced that's a good idea. Do I then have to declare that I have an offshore account or risk lying to the us government?
I'd rather sell them from my current account for a legitimite amount... but this may not be possible. Whoever is shorting certainly doesn't seem threatened by the recent announcements or financials. They just keep selling as many shares as we're willing to buy.
The company must have some reason to be in the us market. Maybe, eventually, they plan to raise capital here.
As to being on the pinks, this may be the only market open to them due to financial filing restrictions put in place by Panama's laws.
The big problem with the us markets seems to be heavy shorting which is driving the price down to foolish lows. But this is easily fixed when a company has the revenues and the cash that Panamersa claims.
It's only a question of time until they show us how they plan to fix the situation. At that point I'd expect to see a drastic reduction in outstanding shares quickly followed up with some kind of dividend or distribution that nails any shorters to the wall.
If I were in charge, I'd first do a buyback; then announce the reduced share count and finally initiate a small regular dividend.
Whatever shares I was able to buy back at these prices would make the future dividend a one-time deal (i.e. a single share bought back for the price of a single future quarterly dividend would be quite the steal.)
Then, the thought of a regular quarterly dividend would send the shorts running to cover or declare bankruptcy.
There are two companies involved here... so far.
Geotec (GETC) was listed as a bb company until about a year ago, when their filings became delayed. Now they're pink-sheeted. So we do not know exactly what they've accomplished in the last year.
But they have started filing again... and via an 8k we find that they now own Richcorp (previously private) who developed the coal cleaning processes.
New accountants signed up a few months ago. So I would expect to see audited financials filed in the near future that disclose what's been accomplished in the past year and return them to bb status.
A few weeks ago, Geotec shareholders were invited to attend a demonstration of the cleaning process at a site in Pennsylvania.
Pennsylvania, alone, has 250,000 acres of contaminated coal sites that can be cleaned and decontaminated using this process resulting in many millions of tons of cheap, clean coal that was previously an environmental nightmare.
In addition, the sites become clean, saleable and environmentally friendly.
With my fingers crossed I hope to see all of this revealed in announcements and filings that are about to appear. What I've described is contained in their announcements, disclosures and web sites.
Expensive, you ask. I don't think so. I expect to see that whatever is required is already there.
Your fuel cell plants can come in the future.
But my clean coal solution is now.
http://www.richcorp.net/coal_results.htm
Just turn the tankers around. We won't be needing as many of them in the future.
Solar and fuel cells are fine. But what we need is an energy source that is disruptive to our insatiable demand for oil.
The corn thing is a result of the same insightful leadership that brought us to Iraq. Actually, corn is probably a better idea than that was... but again, it's not the answer.
For a disruptive solution to our oil situation look towards super-cleaned coal... a resource we have almost unlimited quantities of... but treated with a process we have yet to appreciate.
see http://www.geo-tec.net/
Buybacks make payroll for the shorts.
Dividends force their hand.
Not sure who's winning this game. But I'm sure not buying more shares 'till I figure it out.
Well, all the good rumours have done is drive down the stock price... so please, please share a bad one.