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Executing cross trades
http://www.investopedia.com/terms/c/crosstrade.asp
The MM's are crossing
ECPL - Turning Into A Sub Penny Superstar
Dear Valued Member,
What an action packed trading day for the darling of the penny stock community, ECPL. The price action was red hot in the morning trading session that saw shares rise to a high of .0024 on the back of solid volume, the liquidity here made it easy for individuals to trade ranges and take profits. For members that dove into the action from our initial alert of .0007 just last Friday and cashed out at .0024 witnessed their portfolios grow by 242% which is not too bad in our opinion. Although ECPL cooled off in afternoon trading and saw a relatively weak close of .0012 - SGI thinks that the next bullish leg will take shares to higher levels.
ECPL has been on a bullish tear on the charts and today's high was met with profit taking from those traders that entered at much lower levels - when a stock runs up over 200% in a matter of days we all know that a day of profit taking is going to happen. Interest remains high in ECPL and the accumulation shown on the charts has remained solid, today's pullback has given many the chance to gobble up shares at lower levels in anticipation of the next leg to come. We wouldn't be surprised to see ECPL enter a consolidation phase for a day or two to solidify support levels and churn through the flippers and profit takers before gearing up for another bull move.
A tight consolidation phase can be followed up by a much bigger bull run and with sub pennies the momentum can really push the share price to higher levels. We had the same situation with AVTI and we wouldn't be surprised to see ECPL act the same way in regards to its price action.
News can definitely impact a stock in a positive way and with sub pennies news can prove to be explosive for the share price. ECPL put the wheels in motion when on June 8, 2010 they issued a PR stating they have executed a multi-year purchase contract with Converse and Co. for the projected output of a to-be constructed biofuel plant. The technology utilizes an environmentally friendly process for turning brown trap grease from restaurant waste into a high-quality solid fuel that can be employed on a stand-alone basis or co-fired with other fuels or biofuels. The fuel can be used as a coal substitute in steam-powered electrical generating stations or for industrial heat over a broad range of applications in areas such as food processing and cement manufacturing.
Members can re-read the PR by visiting http://finance.yahoo.com/news/EcoPlus-Inc-and-Converse-and-iw-519793991.html?x=0&.v=1
Now, we know that ECPL has got the wheels in motion and we are now looking for updates and a follow up on the biofuel plant so that the company can gain traction and the share price can pick up speed to higher levels. News here can come any day now and if the company surprises us all by dropping a PR at current levels - those on the sidelines could be left in the dust or chasing the share price to much higher prices.
So put ECPL on your watch list and radar if you haven't already and remember that being a proactive trader is always better than a reactive trader. Don't blink because the share prices can boil higher in a flash.
Remember as always, keep your emotional trading side in check and trade wisely.
Thank you for being a member of Skylab Global Investments.
Please remember that this email is intended for commercial advertisement and is for informational purposes only. It is not neither an offer nor a recommendation to buy or sell any security. SkylabGlobalInvestments.com, employees and management hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. SkylabGlobalInvestments.com has NOT been compensated for the distribution of this particular email, SkylabGlobalInvestments.com holds NO shares in the companies profiled or mentioned in this communication and email. Readers should never use this email communication and the information provided within as the sole basis of any investment decision and while all information is believed to be reliable and gathered from publicly available sources, it is not guaranteed by us to be accurate or error free. Individuals should assume that all information contained in this email is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Be extremely careful, investing in securities carries a high degree of risk, you may lose some or all of your investment. Always consult a licensed financial advisor, expert, broker or professional before making any investing or trading decisions. Through use, viewing or reading this email communication you agree to hold SkylabGlobalInvestments.com, its operators, owners and employees harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damage (monetary or otherwise), or injury (monetary or otherwise) that you may incur. Skylab Global Investments requires individuals to read, review and fully understand our disclaimer in full before utilizing our services, our full disclaimer can be viewed by visiting http://www.skylabglobalinvestments.com/Disclaimers.aspx
Skylab Global Investments
PO Box 390181
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13%? LOL...I don't know
Thanks for the info
Sorry if I was unclear about my question. It's been a long day and I'm tired. I promise this is the last one.
How many out of those 20,000 pinks you mentioned are SEC reporting securities? Just wondering.
It was just a general question. Do you know how many?
How many out of that 20,000 are reporting securities and therefore subject to REG SHO?
Share strucure as per T/A 8/10/2010
Authorized- 2,500,000,000
Issued and Outstanding- 2,401,709,808
Free/Float- 400,747,306
Unchanged
Share strucure as per T/A 8/10/2010
August 10, 2010 1:30pm
Authorized- 2,500,000,000
Issued and Outstanding- 2,401,709,808
Free/Float- 400,747,306
Unchanged
Update
08/02/2010 8:30 AM Motion
(Judicial Officer Leavitt, Michelle)
Application for Appointment of Custodian
- Colloquy regarding service. COURT ORDERED, Application GRANTED.
Result: Granted
08/05/2010 Order
Order Granting Application for Appointment of Shareholder Advocates, LLC as Custodian of Resolve Staffing, Inc.
08/06/2010 Notice of Entry of Order
Notice of Entry of Order
New Generation Biofuels Files a New Patent Application for Pyrolysis Oil Based Biofuel
- Second New Patent Filed this Year. Expands Feedstock Sources, Supply and Product Portfolio. -
COLUMBIA, Md., July 21 /PRNewswire-FirstCall/ -- Renewable fuels provider New Generation Biofuels Holdings, Inc. (NasdaqCM: NGBF) ("NGBF" or the "Company") today announced that it has filed for a patent application for their new pyrolysis oil based biofuels.
"I believe that this is truly a technical breakthrough to have a pyrolysis oil based biofuel that we can offer our customers," stated Cary J. Claiborne, CEO and President of NGBF. "Pyrolysis oil has great potential but until now has been a technical challenge for many to incorporate into their biofuel technology. We believe NGBF's emulsion technology is a perfect fit."
"We have been able to readily and successfully incorporate pyrolysis oil in our emulsions with excellent results," commented Dr. Andrea Festuccia, Chief Technology Officer for NGBF. "Many of the challenges faced by others are mitigated by our patent pending formulation technology. Through our R&D efforts we have been able to take a challenging raw material and enhance its natural properties with our technology. Customers will be able to use our pyrolysis oil based products in a multitude of applications including commercial and industrial heating, co-firing in power generation applications, and other processes where diesel and distillate fuels are used."
Dr. Festuccia continued, "Pyrolysis oil can be made from a wide range of biological and other energy containing products that would normally be waste materials. The supply opportunities are great. Plant wastes, items normally heading to a landfill, and other waste streams that are often difficult to dispose of can now become energy sources for our biofuel formulations. Pyrolysis oil adds another differentiating advantage for us. We believe this is a significant addition to our product portfolio."
Mr. Claiborne added, "I applaud Dr. Festuccia and his developmental team for this technology breakthrough. We add yet another viable feedstock with outstanding potential to yield lower cost, while enhancing our environmental and performance advantages by way of our formulation technology. We add value by using a potential waste stream converted to pyrolysis oil which we utilize in producing a renewable biofuel with outstanding environmental benefits. It is an exciting addition to our slate of renewable products at NGBF."
About New Generation Biofuels Holdings, Inc.
New Generation Biofuels is a renewable fuels provider. New Generation Biofuels holds an exclusive license for North America, Central America and the Caribbean to commercialize proprietary technology to manufacture alternative biofuels from plant oils and animal fats that it markets as a new class of biofuel for power generation, commercial and industrial heating and marine use. The Company believes that its proprietary biofuel can provide a lower cost, renewable alternative energy source with significantly lower emissions than traditional fuels. New Generation Biofuels' business model calls for establishing direct sales from manufacturing plants that it may purchase or build and sublicensing its technology to qualified licensees.
Forward Looking Statements
This news release contains forward-looking statements. These forward-looking statements concern the Company's operations, prospects, plans, economic performance and financial condition and are based largely on the Company's beliefs and expectations. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results expressed or implied by such forward-looking statements. The risks and uncertainties related to our business, which include all the risks attendant an emerging growth company in the volatile energy industry, including those set forth in the Company's Annual Report on Form 10-K for the year ended December 31, 2009, and in subsequent filings with the Securities and Exchange Commission. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why the actual results could differ from those projected in the forward-looking statements.
Media Contact: Bryan McPhee ph: (410) 652-1159
IR Contact: Rob Schatz ph: (212) 370-4500
http://www.prnewswire.com/news-releases/new-generation-biofuels-files-a-new-patent-application-for-pyrolysis-oil-based-biofuel-98914034.html
New Generation Biofuels Announces Collaboration Agreement With Burmeister And Wain Energy A/S (BWE)
Columbia, Maryland – July 14, 2010 – New Generation Biofuels Holdings, Inc. (NasdaqCM: NGBF) (“NGBF” or the “Company”), a renewable biofuels technology company, and Burmeister and Wain Energy A/S (“BWE”) an engineering organization located in Lyngby, Denmark announced they have entered into a Memorandum of Understanding (MOU) to cooperatively expand the use of NGBF’s leading renewable biofuels technology with BWE’s engineering expertise in power generation and green renewable applications. The two companies believe there are substantial mutual benefits that can arise from the collaborations of BWE’s expertise in combustion systems and NGBF’s biofuel production know how and proprietary technology. The companies intend to explore business opportunities to provide renewable energy solutions to BWE’s existing customers.
“New Generation Biofuels has a unique high performing renewable biofuel technology that we feel distinguishes itself in emissions reductions and ease of use,” stated Paolo Danesi, Vice President for Sales at BWE. “We are energized by the potential and opportunities to utilize NGBF’s biofuel technology in many energy applications, including but certainly not limited to power generation. Our engineering capabilities and experiences along with NGBF’s technology will be a powerful combination for addressing the needs of customers across the globe.”
“We are excited to work with BWE. They have a great reputation, they are innovative, and they have experience in many areas of interest for us in a multitude of applications,” commented Cary J. Claiborne, CEO of NGBF. “We admire BWE’s expertise and international presence. It is no coincidence that BWE is headquartered in Denmark, recognized as being on the leading edge of renewable energy utilization globally. We look forward to working together to improve the environmental profiles of our customers in many areas such as co-firing with coal and to demonstrate NGBF technology as a high performing cost effective renewable liquid biomass solution for the challenges our customers face today and will face in the future.”
About New Generation Biofuels, Holdings, Inc. [/url][tag]insert-text-here
New Generation Biofuels is a renewable fuels provider. New Generation Biofuels holds an exclusive license for North America, Central America and the Caribbean to commercialize proprietary technology to manufacture alternative biofuels from plant oils and animal fats that it markets as a new class of biofuel for power generation, commercial and industrial heating and marine use. The Company believes that its proprietary biofuel can provide a lower cost, renewable alternative energy source with significantly lower emissions than traditional fuels. New Generation Biofuels’ business model calls for establishing direct sales from manufacturing plants that it may purchase or build and sublicensing its technology to qualified licensees.
About Burmeister and Wain Energy A/S (BWE)
Since 1852, Burmeister & Wain has supplied steam generating plants for industry and power stations. It is thus the oldest manufacturer of steam boilers in the world. BWE is an international Hi-Tech company which has specialized in design of Ultra Super Critical (USC) steam boilers for utility power stations. Our USC boiler plant technology is one of the most advanced and efficient fossil fuel combustion technologies available today. BWE can supply complete boiler islands including Air Pre-Heaters, burners, deNOx etc. – either as flange–to–flange components or on turnkey basis. BWE is therefore your world leading partner in the Clean Coal Technology. BWE offers a wide range of boiler upgrades to improve performance, lifetime extension projects and emission reduction installations for existing power plants to bring them in line with current regulations. The extensive know-how gathered by the company has created the solid foundation for the continued development of the BWE products - to the benefit of customers around the world. In 2002 BWE became member of the Italian STF S.p.A. Group.
Forward Looking Statements
This news release contains forward-looking statements. These forward-looking statements concern our operations, prospects, plans, economic performance and financial condition and are based largely on our current beliefs and expectations. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results expressed or implied by such forward-looking statements. The risks and uncertainties related to our business include all the risks attendant a development stage business in the volatile energy industry, including, without limitation, the risks set forth under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2009 and in subsequent filings with the Securities and Exchange Commission.
http://www.newgenerationbiofuels.com/press/7-14-10%20-%20BWE%20PressRelease%20Final.pdf
New Generation Biofuels Receives Go Ahead for Long Term Boiler Test and Evaluation Program with Baltimore City Schools
Company’s Test Burns in the City of Baltimore’s Boilers Shows Significant Emissions Reduction
Columbia, Maryland – June 24, 2010 – Renewable fuels provider New Generation Biofuels Holdings, Inc. (NasdaqCM: NGBF) (“NGBF” or the “Company”) today announced that the Baltimore City Board of School Commissioners has approved a long term boiler test and evaluation of the Company’s proprietary biofuel in two of Baltimore City’s public schools over a one year period. The maximum volume for the program is capped at 1,000,000 gallons, but can be increased up to 2,000,000 gallons if both parties agree.
The new agreement, part of Baltimore’s program to evaluate renewable fuels for schools and other buildings, comes on the heels of earlier successful tests of New Generation Biofuels’ second generation biofuel which showed both a reduction in nitrogen oxide (NOx) and sulfur oxide (SOx) when compared to both fossil diesel as well as biodiesel. Tests at Eastern Health Center’s Columbia boiler with a Sun-Ray burner saw a reduction in NOx of over 40% and a SOx reduction of over 90%. Tests at Pimlico Police Training Center’s HB Smith cast iron boiler with a Power-Flame burner saw a NOx reduction of over 60%.
“We are happy to support Baltimore City Public Schools in their goal of creating a clean and healthy environment through the reduction in NOx and SOx emissions,” said New Generation Biofuels President and Chief Executive Officer, Cary Claiborne. “Our initial results are encouraging and we are confident that the longer trial and evaluation will prove to be equally successful.”
Baltimore City Public Schools Chief Operating Officer Keith Scroggins stated that, “It is very important for us to find renewable fuel sources that are cleaner burning and meet our standards. New Generation Biofuels’ initial test results are very promising. We look forward to seeing the fuel’s performance over the longer term boiler test and evaluation in our City’s schools.”
New Generation Biofuels’ biofuel is a precision blended product made from new or recycled plant oils or animal fats. The Company’s biofuel is readily usable at 100% strength as a replacement for diesel, #2 heating oil, kerosene and other fuel oils and does not require material equipment modifications. Other benefits include significantly lower emissions than traditional fuels, reductions in overall greenhouse gas emissions and air pollution.
About The City of Baltimore
The Baltimore City Department of Public Works Energy Office is implementing energy efficiency and renewable energy projects at City facilities to reduce energy costs and carbon emissions and to improve air quality. Already in place are energy efficiency measures for buildings, installation of LED lights, and utilization of methane gas from renewable sources. Future projects will include expansion of energy efficiency applications from buildings to water and waste water operations; reduction in use of fossil fuels; and increasing solar and other renewable energy applications. Through reduced purchases of electric power, steam, natural gas, chilled water and reduced maintenance costs the city realizes a savings of $5 million per year.
About New Generation Biofuels, Holdings, Inc.
New Generation Biofuels develops renewable fuels technology and is a renewable fuels provider. New Generation Biofuels also holds an exclusive license for North America, Central America and the Caribbean to commercialize proprietary technology to manufacture alternative biofuels from plant oils and animal fats that it markets as a new class of biofuel for power generation, commercial and industrial heating and marine use. The Company believes that its proprietary biofuel can provide a lower cost, renewable alternative energy source with significantly lower emissions than traditional fuels. New Generation Biofuels' business model calls for establishing direct sales from manufacturing plants that it may purchase or build and sublicensing its technology to qualified licensees.
Forward Looking Statements
This news release contains forward-looking statements. These forward-looking statements concern the Company's operations, prospects, plans, economic performance and financial condition and are based largely on the Company's beliefs and expectations. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results expressed or implied by such forward-looking statements. The risks and uncertainties related to our business, which include all the risks attendant an emerging growth company in the volatile energy industry, including those set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2009, and in subsequent filings with the Securities and Exchange Commission. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why the actual results could differ from those projected in the forward-looking statements.
http://www.newgenerationbiofuels.com/press/Baltimore%20City%20Public%20Schools%20press%20release%206-23-10.pdf
New Generation's Growth Indicates the Market Is Ripe
for Biofuel
April 6, 2010
By George Berkheimer, STAFF WRITER
Legend has it that everything King Midas touched turned to gold. In a similar manner, nearly everything touched by Columbia-based New Generation Biofuels (NGBF) has the potential to turn green.
According to company CEO Cary Claiborne, New Generation uses proprietary technology to produce renewable, lower-emission alternative biofuels from plant oils and animal fats.
"We use a wide variety of different feed stocks that goes through a blending process," he said, with the primary source coming from waste vegetable and soybean frying oil acquired from restaurants through bulk collectors and processors. "Not only is our product cleaner to burn than fossil fuels, it's also cleaner to make than petroleum-based fuels," Claiborne said. "We don't need a chemical reaction to produce it, and we have no byproducts left over from the process." Recent test burns of New Generation's product have yielded positive results showing mono-nitrogen oxide reductions of up to 60% compared to distillate fuels and virtually no particulate emissions. Testing also confirmed low levels of sulfur dioxide, virtually no unburned hydrocarbons and comparable carbon monoxide levels compared with diesel fuel.
Expansion Planned
Formed in March 2006 as H2Diesel in Florida, NGBF streamlined its operations by moving its corporate headquarters to Columbia last summer shortly after delivering the first commercial truckload sale from its Baltimore production facility.
Since then, New Generation's customer base has grown through new sales contracts, distributor contracts and letters of intent. The company also amended its initial license agreement with PTJ Bioenergy Holdings, the licensor of NGBF's technology, to expand its reach beyond the North America, Central America and Caribbean territories specified in the original agreement.
Under terms of the amendment, New Generation will receive a 5% royalty fee from technology-related revenue outside the original territory and an additional 5% sales commission for customer introductions and sales assistance outside these territories. NGBF's first commercial-scale plant in Baltimore produced more than 200,000 gallons of biofuel in 2009. "We're ramping it up as we go," said Claiborne, noting that the company is planning to triple production capacity this year from 5 million gallons to 15 million gallons per year and hire up to six full-time employees to operate the plant. Eventually, he said, production could reach as much as 50 million gallons per year in Baltimore. NGBF currently employs 12.
Broad Market
According to a Third Quarter 2009 financial results report, NGBF signed seven sales contracts as of Sept. 30 last year for potential customer orders of more than 10 million gallons on an annual basis. The company also executed non-binding letters of intent with several businesses located in Costa Rica, Puerto Rico and Canada that are now evaluating the prospect of licensing NGBF's technology with the intent of constructing additional biofuel manufacturing facilities and marketing NGBF biofuel. "We're currently holding discussions with a group in China that is interested in exploring markets both in that country and in the United States," Claiborne said. For the moment, NGBF's business model pursues a royalty-based combination of licensing and franchising.
"This is the ideal technology to license or franchise because it doesn't take up a lot of space," Claiborne said. "Large utilities or manufacturing companies can put a dedicated plant on site and it will only take up half an acre."
Maryland emerged as the perfect location for New Generation from a number of company viewpoints and surveys, Claiborne said.
"We have access to more customers in this area than in Florida, particularly for heating sales," he explained, "and we're closer to Washington, D.C., for our regulatory concerns."
Claiborne also said he considers Howard County a business-friendly location based on his prior experience as CFO for Osiris Therapeutics, a Columbia-based biotech company, and as vice president for financial planning with Constellation Energy.
Local Potential
Locally, the market is slowly beginning to reveal more of its potential for New Generation.
Among the Maryland companies to sign on with NGBF last year was Chaney Enterprises of Waldorf. The concrete and aggregate marketer is seeking to make an initial switchover to biofuel in its hot water boilers. The contract also provides for additional scope to ultimately supply biofuel for a large number of off-road vehicles. "The renewable nature of ... biofuel allows us to reduce our carbon footprint in something as easy as switching our boiler fuel over from fossil fuels to NGBF biofuel," said Bill Childs, president and CEO of Chaney Enterprises. "[I]t was an easy decision to make the switch."
Working through Tri Gas & Oil, the company's biofuel marketer in Maryland, NGBF completed a successful test burn of its biofuel product in January at Washington College in Chestertown. Two of the college's steam plant boilers burn No. 6 heating oil in the winter, and a third uses No. 2 diesel oil in the summer. Administrators are looking to replace the No. 2 fuel with a cleaner, greener option.
"The college is constantly looking for new and innovative ways to reduce our carbon footprint while not increasing our energy costs," explained Briggs Cunningham, who serves as Climate Action Coordinator for the Center for Environment & Society at Washington College.
According to Cunningham, the college burns about 100,000 gallons of No. 2 fuel every year.
"The BTU content was a little less for the biofuel but we can burn it without making any equipment modifications and the switchover is basically cost-neutral," he said. "From a lower emissions standpoint, biofuel seems to make a lot of sense for us. Our senior staff is studying the data now and will make a decision soon."
The test puts teeth into Washington College's 2007 decision to sign onto the American College & University Presidents Climate Commitment, which is designed as a nationwide effort by higher learning institutes to reduce greenhouse gas emissions, promote research and educational efforts aimed at re-stabilizing the earth's climate, and accelerate progress toward climate neutrality.
Favorable Conditions
The potential market for biofuel amounts to well over 10 billion gallons per year in the United States alone, Claiborne said. "From the standpoint of being an energy business, renewable biofuel is a [stable] field to be in at the moment," Claiborne said.
"Between legislation and the fact that the Environmental Protection Agency seems to be taking a stronger stand on utilities and companies emitting greenhouse gases, there is a growing list of reasons that companies are starting to look to renewable fuels as alternatives," he said.
Moreover, many businesses are beginning to have serious discussions about ways they can show themselves as being cleaner and greener than they have been in the past. "It's an image boost for some businesses," Claiborne explained. "We feel that's going to help us in the future, regardless of the recession."
http://www.newgenerationbiofuels.com/media/The%20Business%20Monthly%20Interview%20With%20Cary%20J.%20Claiborne.pdf
New Generation Biofuels – Advanced Renewable Technology
March 10, 2010
New Generation Biofuels is a technology company that holds an exclusive license for North America, Central America and the Caribbean to a proprietary technology for the manufacture of an alternative biofuel produced from plant oils and animal fats that is intended to be used for power generation, heating oil, marine and transport. The Company believes its proprietary biofuel will provide a cheaper, renewable alternative energy source with significantly lower emissions than traditional fuels.
New Generation Biofuels has commercialized a patent-pending process to economically produce a renewable biofuel that can be used as a replacement for diesel, #2 heating oil, kerosene and other fuel oils; the process consists of a simple, precise, additive blending process in an emulsion to manage the properties of plant oil at the point of combustion.
New Generation Biofuels is a US-based technology company focused on providing biofuel solutions for your energy needs. They solve energy, economic, and environmental challenges that businesses and industries are facing through our proprietary biofuel technology. Their fuel – NGBF Biofuel- is a precision blended product made from new or recycled plant oil or animal fat feed stocks without using a complicated chemical reaction producing by-products.
Their biofuels provide superior environmental and technical performance at a lower cost than traditional first generation biofuels. Their technology is based on creating emulsions that can be used as a replacement for or blended up to 30% with distillate fuel, or heavy fuel oil. Co-fi ring with coal is also possible. An emulsion is a combination of liquids that naturally do not want to combine with one another.
There are many examples of emulsions in the foods we eat (salad dressings, mayonnaise) and in the pharmaceutical industry. This technology allows them to combine plant and/or animal oils, water, and proprietary additive packages to form fuels that can provide uniquely desired characteristics and solutions for the environmental, economic, and energy challenges we face in the world today.
New Generations Biofuels technology out performs other technologies-including some petroleum based products-in key performance areas: Emissions; low temperature flow; lubricity; biodegradability; cost of capital; ease of conversion and total cost of ownership. Cary J. Claiborne, President, CEO & CFO, joined New Generation Biofuels in December 2007.
Prior to joining New Generation Biofuels, Mr. Claiborne served as the Chief Financial Officer of Osiris Therapeutics, a publicly traded Biotech company from 2004 to 2007, where he led the Company’s finance and information technology organizations and served as a strategic business partner to the Chairman of the Board and CEO David H. Goebel is the Chief Operating Officer. Dave is a former ExxonMobil/Mobil executive where he held domestic and international leadership responsibilities in fuels, lubricants, and chemicals. His assignments covered a wide range of areas including manufacturing, marketing, supply/distribution, operations, engineering, and sales. For more information, call 866-918-6917 or go to www.newgenerationbiofuels.com
http://www.nehvacinsider.com/news110/new_generation_biofuels.html
Washington College teamed up with Tri Gas & Oil Company out of Federalsburg, MD, and New Generation Biofuels
Biofuel Test
January 14, 2010
Washington College teamed up with Tri Gas & Oil Company out of Federalsburg, MD, and New Generation Biofuels from Columbia, MD, to test NGB's biofuel in one of the College's boilers. The College uses approximately 100,000 gallons of #2 heating oil (diesel fuel) in one of its boilers per year, so it could reduce its carbon footprint by using the biofuel instead. The test indicated a reduction in nitrogen oxide emissions by 51% compared to the #2 heating oil. There are no carbon monoxide or sulphur emissions from the biofuel. The biofuel is plant-oil based and can be washed up with soap and water.
http://news.washcoll.edu/events/2010/01/biofueltest/
Uh, yea, I'll get right on it...LOL
JK
The only one I know of is one that I'm MOD on it's board here. But they're not "based" in SC and that's the problem. A lot do business there but aren't registered in SC.
Oh, then of course there's Carolina Biofuels, and they're also from NC.
I think the pool is just fine and probably very refreshing.
Take a look at the rest of the spread, it's the floor of the pool that's green.
You don't need to sign up, just agree, and yes I did a long time ago.
Unless you have the Security Position Report and NOBO/OBO numbers, you don't know that either.
Berkeley County Council
COMMITTEE ON WATER AND SANITATION
Consideration of an Agreement between Berkeley County and Carolina Renewable Energy, LLC.
Committee Member Fish stated the agreement is a favorable deal for Carolina Renewable Energy. The company is offering the County 1 cent in excess of 6 million gallons. The property is leased to the company for $1 per year.
The motion passed by unanimous voice vote of the Committee.
http://www.berkeleycountysc.gov/aandm/2009/091109_wsc_m.pdf
Very nice day!
I think we'll be out of the trips very soon.
Enjoy the ride everyone!
Wow! Good to see ya RobC
I was wondering what happened to you.
Vagueness promotes assumptions
Rule 17a-25
June 15, 2000
Jonathan G. Katz, Secretary,
Securities and Exchange Commission,
450 Fifth Street, N.W., Stop 6-9
Washington, D.C. 20549.
Re: Proposed Rule 17a-25– File No. S7-12-00
Dear Mr. Katz:
The ad hoc Committee on Electronic Bluesheeting of the Securities Industry Association (“the Committee”)1 is pleased to submit this response to proposed Rule 17a-25, contained in Release No.34-42741 (“Release”).
Overview
The Release proposes a significant expansion in the role of the “electronic blue sheet” questionnaire forms (“EBS”). Proposed Rule 17a-25 would mark the first time that the Securities Exchange Commission (“Commission”) has codified in its rules the requirement that broker-dealers electronically submit to the Commission staff, on request, information on customer and proprietary trading.
Specific Comments
Prime Brokerage Identifiers
We query the proposal on prime brokerage identifiers in one respect. As drafted, proposed Rule 17a-25(b)(1)(i) could be read as applying not only to prime broker arrangements, but also step-outs and give-ups and similar activities in other clearing relationships. The text of the proposing release only speaks of prime brokerage arrangements, so we assume that it is not the Commission’s intent to apply this data field more broadly. We request that the Commission redraft this subsection of the proposed rule to clarify this. If our assumption is incorrect, it should be emphasized that the cost of making the necessary systems changes will be considerably higher than the Commission’s cost-benefit analysis supposes. Many clearing firms either do not maintain coded identifiers for step-outs and similar aspects of ordinary correspondent clearing relationships, or if they do, they do not necessarily identify them the same way that they identify prime brokerage arrangements. Therefore, if the Commission intends to capture clearing arrangements beyond prime brokerage arrangements, the systems changes that would be required would be quite substantial. We strongly encourage the Commission to clarify that it does not intend to reach beyond prime brokerage arrangements, or to explain why it needs this information and work with the industry to develop a rough estimate of what the additional costs would be before proceeding.
Customer Information
We are very concerned about the suggestion that the names of customers’ employers should be kept in EBS-accessible format. Many firms currently maintain this information only on “hard copies” of new account forms. Often these firms have begun to capture this information electronically for new accounts as they are opened, but have not tried to capture this information electronically for existing accounts. To do so would be extremely burdensome – requiring some firms to manually enter this information for hundreds of thousands of accounts. We question whether the administrative convenience that this requirement would give to the SEC in its investigations could outweigh the burden that this would pose for many broker-dealers.
The rule is unclear as to whether it would require the customer’s or the customer’s employer’s tax identification to be included in EBS-accessible format. If it is the latter, this is information that many firms currently do not need and therefore do not have. The rule offers no explanation as to why this information is now considered necessary. While the cost of compliance is difficult to estimate, it would obviously be enormous, since it would require all broker-dealers that do not currently have the tax identification numbers of customers’ employers to get that information and make systems changes to hold that information in an EBE-accessible format.
Execution Times and Order Sequence Numbers
Expanding EBS to include execution times and order sequence numbers would be problematic, and we recommend that the Commission not include this as part of the proposed rule. A variety of firms would have significant logistical problems with this aspect of the proposal. For example, many clearing firms that handle proprietary accounts of introducing brokers do not typically keep this information about the introducing firm. The trade comparison systems of many broker-dealers do not have any need to systematically reconcile some trade details such as execution time or order sequence. Therefore, there is often no automated link between the order file, where this information would reside, and the trade file, which is the file that interfaces with EBS. While this information can usually be manually extracted, automated extraction would require building a new automated link, rather than just reconfiguring an existing link.
In many instances, trades done through allocation accounts would also face significant hurdles in complying with a requirement to report execution time or order sequence numbers to EBS. Allocation accounts are widely used by broker-dealers for their institutional business. These accounts are typically used to enable a broker-dealer to execute a single block trade for several institutions, and then allocate the trade among them, or to give multiple executions for a single institution that are confirmed on an average price basis. However, they may also be used in situations where the trade desk happens to execute a single order from an institution in a single trade.
Unfortunately, at many firms allocation accounts are currently designed to record the time the trade left the allocation account and went into the customer account, rather than the time the trade was executed in the allocation account. Expanding the time recordation element of allocation accounts would therefore be a more significant step than simply connecting an already captured element to a different system.
SRO Requirements on Capacity Information
Proposed Rule 17a-25(a)(2)(iii) would require, inter alia, automated disclosure of whether, in the case of transactions effected for a correspondent firm, the broker-dealer was “acting as principal or agent on the transaction or transactions.” Existing SRO requirements, such as NASD Rule 8211(c)(3), have a similar requirement. However, the NASD has exempted from this requirement transactions in which the firm acts in multiple capacities in filling the order, and discloses on the confirmation words to the effect of “multiple capacities – details on request.” The Commission should either modify the rule to reflect such interpretive guidance as the NASD and other SROs have given under existing EBS requirements, or at a minimum should be prepared to give no-action letters or other interpretive guidance consistent with existing SRO guidance.
Conclusion
We appreciate the opportunity to comment on proposed Rule 17a-25. We hope that the comments offered above will help the Commission to shape the rule so that it more effectively helps the Commission in market reconstructions, and in investigating and prosecuting the scourge of insider trading, without unnecessarily burdening brokerdealer systems or weakening the competitiveness of U.S. broker-dealers. If we can be of further assistance, please do not hesitate to contact the undersigned, or George R. Kramer of the SIA staff at 202/296-9410.
Sincerely,
Bernard L. Madoff
Chair, SIA Ad hoc Committee
on Electronic Bluesheeting
Reporting Relationships and Responsibilities
http://www.finra.org/Industry/Regulation/Guidance/p038942#106
The pps of SRE SC.?
We don't know - again
First, we don't know if SUN SC/MET NC are Sunsi and Methes.
Second, how are the available shares going to be distributed? It never said SYNJ gets all of them.
It's from the TA
More divi's and more talk
Yet no mention of where the rest of the money went. They should have been able to buy a warehouse with the A/S increase and dilution.
It's good we got an update though.
Buyer = Sunsi?
No filing at the SC SOS yet
I wonder how it went from 18% to 20%?
Share Structure - August 4, 2010
Authorized - 2,500,000,000
Issued and Outstanding - 2,401,709,808
Free/Float - 400,747,306