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UAE nuclear projects worth $41bn contracts
By VM Sathish on Tuesday, May 05, 2009 @ www.business24-7.ae
http://www.business24-7.ae/articles/2009/5/pages/04052009/05052009_0acdfac9cfb042dd859144139bef093e.aspx
Very informative article and FREE PRESS!! BTW, this site is not small potato http://www.alexa.com/siteinfo/www.business24-7.ae -ABN
The UAE peaceful nuclear programme will generate contracts worth more than $41 billion (Dh150bn) and the 123 Agreement signed between the UAE and US in early 2009 would create important economic opportunities for US companies involved in the development of nuclear energy.
A report on the economic benefits of US-UAE 123 Agreement said the UAE nuclear programme would generate contracts worth more than $41bn benefiting American companies that could participate as suppliers or as central leaders in consortiums bidding on projects. The contract would also improve bilateral trade and investment relations between the two countries.
"Even though the plants would be located in the UAE, those contracts would create jobs in the US.
"The nuclear power plants that Westinghouse is building in China and that GE is building in Taiwan have helped create and support more than 10,000 US jobs over a period of years. Moreover, the jobs themselves are high-quality, skilled craft, and engineering positions," the report said.
According to the US Department of Commerce formula, "every $1bn in US exports supports 11,000 to 12,000 US jobs".
"With $40bn in contracts, a portion of the business would be beneficial to the US economy," the report said, adding that US companies are already involved in the UAE civilian nuclear energy programme, including CH2MHill (Colorado), Rizzo (Pennsylvania) and Thorium Power (Virginia). Englewood, Colorado-based CH2M Hill won a 10-year contract to manage the UAE's nuclear programme in October 2008.
Paul C Rizzo Associates, a leading global engineering and consulting firm based in Pennsylvania, is working on engineering during the planning process, the report said, adding that the security benefits from the agreement includes an arms package totalling approximately $15bn approved by the US Congress.
"This includes the highly advanced Terminal High Altitude Area Defense missile system, better known as Thaad. The UAE stands as the first, and only country, to which the United States has released this technology," the report said.
"The UAE hopes to consider US technologies for its programme and can do so only through a 123 Agreement. A 123 Agreement is neither a commitment to supply nor a license to export. Rather, it provides the legal framework so that nuclear commerce may take place. Once a 123 Agreement is in place, each export of nuclear material, equipment, or technology must receive a specific export license or other regulatory approval," the report said.
A report by Michael Moor, Professor of Economics and International Economic Policy, George Washington University, said the US export to the UAE touched $15.7bn in 2008 from $3.6bn in 2002 making the Emirates the single largest export market for US goods in the Middle East.
The UAE-US companies have also signed several multibillion-dollar contracts. General Electric and Mubadala Development Company signed a $8bn joint venture in high tech areas.
Former US Secretary of State Condoleezza Rice and UAE Foreign Minister Abdullah bin Zayed signed an agreement for cooperation between the two governments concerning peaceful uses of nuclear energy.
The Obama administration too has endorsed the A '123 Agreement' refers to Section 123 of the US Atomic Energy Act of 1954, which will provide the legal framework for peaceful nuclear energy commerce between the UAE and the US.
The US has more than 20 such agreements in place, including with Egypt and Morocco.
Keep up with the latest business news from the region with the Emirates Business 24|7 daily newsletter. To subscribe to the newsletter, please click here.
Poneman (DOE nominee) relationship confirmed
I didn't want to put Seth on the spot on the CC, so I sent an email afterward. I am glad he expounded upon the relationship in the update.
-ABN
Thorium Power News Update April 30, 2009
http://ir.thoriumpower.com/
"Meanwhile, the Obama administration has continued to call for “safe nuclear technologies” and enhanced non-proliferation protocols. As evidence of this commitment, President Obama recently nominated Daniel K. Poneman, formerly a member of Thorium Power’s International Advisory Board (recently renamed as the Strategic Advisory Council), as Deputy Secretary at the U.S. Department of Energy. Mr. Poneman, a veteran non-proliferation and nuclear energy expert, has been working for the Scowcroft Group, an international business advisory firm based in Washington, DC. From 1993 through 1996, he served as Special Assistant to the President and Senior Director for Nonproliferation and Export Controls at the National Security Council at the White House. Mr. Poneman joined the NSC staff in 1990 as director of Defense Policy and Arms Control, after serving as a White House Fellow in the Department of Energy. He served on several federal commissions and advisory panels, and has authored books on nuclear energy policy." excerpt -Seth Grae
I've always been partial to Kool and the Gang.
Recent Press Releases
PureSpectrum, Inc. Announces Summer Trade Show Schedule to Follow Appearance at LightFair International
http://www.marketwire.com/press-release/Purespectrum-Inc-981747.html
Apr 29, 2009 14:10 ET
PureSpectrum, Inc. Finalizes Plans to Become Fully Reporting and Transition to Higher Stock Exchange
http://www.marketwire.com/press-release/Purespectrum-Inc-981051.html
Apr 28, 2009 14:06 ET
PureSpectrum, Inc. Appoints Three Independent Directors to Board of Directors
http://www.marketwire.com/press-release/Purespectrum-Inc-978878.html
Apr 23, 2009 10:00 ET
PureSpectrum, Inc. Receiving Heavy Interest From N.Y. ESCO Servicing Large Commercial Entities
http://www.marketwire.com/press-release/Purespectrum-Inc-977678.html
Apr 21, 2009 13:16 ET
PureSpectrum, Inc. to Introduce Proprietary Wireless Dimming System at LightFair International in May
http://www.marketwire.com/press-release/Purespectrum-Inc-976362.html
Apr 19, 2009 12:00 ET
PureSpectrum, Inc. Chooses Page International to Manage Logistics and U.S. Customs
http://www.marketwire.com/press-release/Purespectrum-Inc-972953.html
Apr 09, 2009 10:04 ET
PureSpectrum, Inc. Releases Audited 2008 Financial Statements
http://www.marketwire.com/press-release/Purespectrum-Inc-969360.html
Apr 01, 2009 14:36 ET
"The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage."
From Warren Buffett... July 1999 at Herb Allen's Sun Valley, Idaho Retreat
Found this quote on IHub posted on THPW board the other day. Thought it was also very fitting for PSPM.
People that don't look at CMF and Acc/Dist, that's who's buying.
http://stockcharts.com/c-sc/sc?s=EESO&p=D&yr=0&mn=3&dy=0&i=p64286108196&a=134421308&r=532%22%3E
"I assure you that top people in the Administration are well aware what we are doing." -CEO Seth Grae @ 52min26sec
I was in the queue and that statement answered my question to my satisfaction.
Conference Call link
http://ir.thoriumpower.com/phoenix.zhtml?p=irol-eventDetails&c=121550&eventID=2171701
Hope you all read the "tea leaves", sheesh
THPW Adviser nominated for Deputy DOE by Obama
Our adviser, Daniel B. Poneman, was nominated by the President for the position of Deputy Secretary, Department of Energy.
All of these IHUB boards talking about gaining from Obama, HOW MANY HAVE AN ADVISER NOMINATED FOR A WHITE HOUSE JOB???
NOT ONE, EXCEPT Thorium Power!
Obama Energy Team Gets D.C. Insider
April 15, 2009
Science Insider
The White House has announced that it will nominate Daniel Poneman, a lawyer and former National Security Council official, as Deputy Secretary of Energy. Poneman is the only nonscientist among the Obama Administration's choices to lead DOE. He will join a Nobel Prize winner (Steven Chu) and two former university provosts (Kristina Johnson and Steven Koonin).
Unlike them, Poneman has been a fixture in Washington and brings years of experience working on nuclear and defense issues. Those issues still dominate DOE's agenda. Three-quarters of its budget goes toward managing the nation's nuclear stockpile, cleaning up former nuclear sites, and preventing the further spread of nuclear weapons.
According to Joseph Cirincione, an expert on nuclear proliferation who now heads the Ploughshares Fund, Poneman is a "solid, sober, moderate, nice guy" who doesn't push his own personal views. "He's not someone who will bring transformational change" to the nuclear weapons laboratories, Cirincione says. "He's the guy who will find a compromise."
—Dan Charles
link http://blogs.sciencemag.org/scienceinsider/2009/04/obama-energy-te.html
Other source, the Chicago Sun-Times
FOR IMMEDIATE RELEASE
April 14, 2009
President Obama Announces More Key Administration Posts
WASHINGTON, DC - Today, President Barack Obama announced his intent to nominate the following individuals for key administration posts: Daniel B. Poneman, Deputy Secretary, Department of Energy...
Daniel B. Poneman, Nominee for Deputy Secretary, Department of Energy...
Since 2001, Daniel B. Poneman has been a Principal of The Scowcroft Group, an international business advisory firm based in Washington, D.C. Prior to that he was a partner in the law firm of Hogan & Hartson. From 1993 through 1996, Poneman served as Special Assistant to the President and Senior Director for Nonproliferation and Export Controls at the National Security Council. He joined the NSC staff in 1990 as Director of Defense Policy and Arms Control, after serving as a White House Fellow in the Department of Energy. Poneman has served on several federal commissions and advisory panels, and has authored books on nuclear energy policy and on Argentina. He coauthored Going Critical: The First North Korean Nuclear Crisis, which received the 2005 Douglas Dillon Award for Distinguished Writing on American Diplomacy. Poneman received A.B. and J.D. degrees with honors from Harvard, and an M.Litt. in politics from Oxford University. He is an Adjunct Senior Fellow of the Council on Foreign Relations and a member of the Aspen Strategy Group.
http://blogs.suntimes.com/sweet/2009/04/another_chicagoan_laurie_mikva.html
Ya Think were gonna hear bout this in 5min on conference call?
-ABN
Proof that its "our" Poneman:
Presentation slide 20 of 23 http://www.westminsterenergy.org/Upload/2006-2008-public-events/20070314/Grae.pdf
http://www.spoke.com/info/pEzV3pO/DanPoneman
THPW Adviser nominated for Deputy DOE by Obama
Our adviser, Daniel B. Poneman, was nominated by the President for the position of Deputy Secretary, Department of Energy.
All of these IHUB boards talking about gaining from Obama, HOW MANY HAVE AN ADVISER NOMINATED FOR A WHITE HOUSE JOB???
NOT ONE, EXCEPT Thorium Power!
Obama Energy Team Gets D.C. Insider
April 15, 2009
Science Insider
The White House has announced that it will nominate Daniel Poneman, a lawyer and former National Security Council official, as Deputy Secretary of Energy. Poneman is the only nonscientist among the Obama Administration's choices to lead DOE. He will join a Nobel Prize winner (Steven Chu) and two former university provosts (Kristina Johnson and Steven Koonin).
Unlike them, Poneman has been a fixture in Washington and brings years of experience working on nuclear and defense issues. Those issues still dominate DOE's agenda. Three-quarters of its budget goes toward managing the nation's nuclear stockpile, cleaning up former nuclear sites, and preventing the further spread of nuclear weapons.
According to Joseph Cirincione, an expert on nuclear proliferation who now heads the Ploughshares Fund, Poneman is a "solid, sober, moderate, nice guy" who doesn't push his own personal views. "He's not someone who will bring transformational change" to the nuclear weapons laboratories, Cirincione says. "He's the guy who will find a compromise."
—Dan Charles
link http://blogs.sciencemag.org/scienceinsider/2009/04/obama-energy-te.html
Other source, the Chicago Sun-Times
FOR IMMEDIATE RELEASE
April 14, 2009
President Obama Announces More Key Administration Posts
WASHINGTON, DC - Today, President Barack Obama announced his intent to nominate the following individuals for key administration posts: Daniel B. Poneman, Deputy Secretary, Department of Energy...
Daniel B. Poneman, Nominee for Deputy Secretary, Department of Energy...
Since 2001, Daniel B. Poneman has been a Principal of The Scowcroft Group, an international business advisory firm based in Washington, D.C. Prior to that he was a partner in the law firm of Hogan & Hartson. From 1993 through 1996, Poneman served as Special Assistant to the President and Senior Director for Nonproliferation and Export Controls at the National Security Council. He joined the NSC staff in 1990 as Director of Defense Policy and Arms Control, after serving as a White House Fellow in the Department of Energy. Poneman has served on several federal commissions and advisory panels, and has authored books on nuclear energy policy and on Argentina. He coauthored Going Critical: The First North Korean Nuclear Crisis, which received the 2005 Douglas Dillon Award for Distinguished Writing on American Diplomacy. Poneman received A.B. and J.D. degrees with honors from Harvard, and an M.Litt. in politics from Oxford University. He is an Adjunct Senior Fellow of the Council on Foreign Relations and a member of the Aspen Strategy Group.
http://blogs.suntimes.com/sweet/2009/04/another_chicagoan_laurie_mikva.html
Ya Think were gonna hear bout this in 15min on call?
-ABN
Proof that its "our" Poneman:
Presentation slide 20 of 23 http://www.westminsterenergy.org/Upload/2006-2008-public-events/20070314/Grae.pdf
http://www.spoke.com/info/pEzV3pO/DanPoneman
Looking forward to tomorrow's call.
Your quite welcome. I was stoked when I found it.
-ABN
Tell me about it.
My story is just as tragic. Once upon a time my avg was under 2 cents. I sold too much too soon;( I did avoid student loans on two semesters of school though.
Don't feel too bad. We'll be ok with "settling" for modest 20%-100% returns in the short term.
Personally, I am not adding in anticipation of lightfair. I am stoked and ready to average up if big rollout warrants more shares.
Posted by: abnpayne Date: Monday, April 14, 2008 8:31:27 AM
In reply to: None Post #17 of 908
I found this stock on pinkslurpee.com. Glad I looked.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=28462605
Time and Sales
Monday, May 05, 2008 8:17:47 PM
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29047591
Can't wait until the website is overhauled and the e-store is online. Would be great if it were to go live same day as lightfair.
THPW-Thorium Power Schedules Conference Call to Provide General Business Update
How is THPW not above .30? It was when you were board mod, lol.
Thorium Power Ltd. (OTCBB: THPW), the leading developer of non-proliferative nuclear fuel technology and provider of comprehensive advisory services for emerging nuclear programs, today announced that it will host a conference call on April 16, 2009 at 11:00 AM ET. The company will provide a general business update. The conference call will be led by Seth Grae, Chief Executive Officer, and will include additional members of the senior management team.
The telephone number for the conference call is 201-689-8565. A live webcast of the call will also be available on the company's website, www.thoriumpower.com. To listen to the live call online, please visit the site at least 10 minutes early to register, download and install any necessary audio software. A slide presentation that will accompany the teleconference will be posted as a PDF next to the event listing in the Investor section of the Thorium Power website.
The webcast will also be archived on the site, and investors will be able to access a recording of the conference call for one week by calling 201-612-7415, account #286 and ID #319965. The recording will be available two hours after the conference call has concluded.
About Thorium Power, Ltd.
Thorium Power is a pioneering U.S. nuclear energy company based in McLean, VA. The Company develops non-proliferative nuclear fuel technology and provides comprehensive advisory services for emerging nuclear programs based on a philosophy of transparency, non-proliferation, safety and operational excellence. Thorium Power’s technologies, which are aimed at both existing and future reactors, include nuclear fuel designs optimized to address key concerns regarding traditional nuclear power, including proliferation of weapons usable nuclear materials and reduction of nuclear waste. The Company maintains a seasoned team with unparalleled experience from the nuclear energy industry, regulatory and government affairs, non-proliferation and diplomacy. It leverages those broad and integrated capabilities by offering consulting and strategic advisory services to commercial entities and governments with a need to establish or expand nuclear industry capabilities and infrastructure. Thorium Power also maintains long-standing relationships with leading Russian nuclear entities, providing expert resources and facilities for its nuclear fuel development activities. The Company seeks and forms partnerships with participants in the global nuclear industry, allowing it to address a wide range of international opportunities.
Permalink: http://www.businesswire.com/news/home/20090414005538/en
Congress Directs The Navy To Look At Thorium Fueled Reactors For Naval Propulsion Power Needs
March 24, 2009
* Analysis by: Jack Lifton
* Analysis of: H. R. 1534: To direct the Secretary of Defense and the Chairman of the Joint Chiefs of Staff to jointly carry out a study on the use of thorium-liquid fueled nuclear reactors for naval power needs, and for other purposes.
* Published at: www.govtrack.us
Implications
Although thorium is not today mined in the USA commercially, the US House of Representatives had placed before it on March 16 of this year, last week, a bill sponsored by Mr Joe Sestak (D-Pa) directing the US Navy to study all aspects of utilizing thorium in reactor fuel for shipboard propulsion. Rear Admiral Sestak (Ret) is the highest ranking former military officer currently serving in the House of Representatives. Note that the same title is held in the Senate by Rear Admiral John McCain (R-Az). Last month Senators Hatch and Reid introduced into the Senate a bipartisan bill to amend the Atomic Energy Act of 1954 to authorize the Nuclear Regulatory Commission to study thorium fuel configurations and to fund such studies. There is certainly a lot of activity in this session of Congress with regard to a metal, which although the US has in abundance, is not mined here at all... link below...
HR 1534 is still in house Armed Forces committee.
full article link : http://www.glgroup.com/News/Congress-Directs-The-Navy-To-Look-At-Thorium-Fueled-Reactors-For-Naval-Propulsion-Power-Needs-36261.html
HR 1534 govtrack status page: http://www.govtrack.us/congress/bill.xpd?bill=h111-1534
-ABN
PR-Thorium Power Schedules Conference Call to Provide General Business Update
You made their ears burn, Soapy. Now my hand is itching. :)
April 14, 2009 09:00 AM Eastern Daylight Time
MCLEAN, Va.--(BUSINESS WIRE)--Thorium Power Ltd. (OTCBB: THPW), the leading developer of non-proliferative nuclear fuel technology and provider of comprehensive advisory services for emerging nuclear programs, today announced that it will host a conference call on April 16, 2009 at 11:00 AM ET. The company will provide a general business update. The conference call will be led by Seth Grae, Chief Executive Officer, and will include additional members of the senior management team.
The telephone number for the conference call is 201-689-8565. A live webcast of the call will also be available on the company's website, www.thoriumpower.com. To listen to the live call online, please visit the site at least 10 minutes early to register, download and install any necessary audio software. A slide presentation that will accompany the teleconference will be posted as a PDF next to the event listing in the Investor section of the Thorium Power website.
The webcast will also be archived on the site, and investors will be able to access a recording of the conference call for one week by calling 201-612-7415, account #286 and ID #319965. The recording will be available two hours after the conference call has concluded.
About Thorium Power, Ltd.
Thorium Power is a pioneering U.S. nuclear energy company based in McLean, VA. The Company develops non-proliferative nuclear fuel technology and provides comprehensive advisory services for emerging nuclear programs based on a philosophy of transparency, non-proliferation, safety and operational excellence. Thorium Power’s technologies, which are aimed at both existing and future reactors, include nuclear fuel designs optimized to address key concerns regarding traditional nuclear power, including proliferation of weapons usable nuclear materials and reduction of nuclear waste. The Company maintains a seasoned team with unparalleled experience from the nuclear energy industry, regulatory and government affairs, non-proliferation and diplomacy. It leverages those broad and integrated capabilities by offering consulting and strategic advisory services to commercial entities and governments with a need to establish or expand nuclear industry capabilities and infrastructure. Thorium Power also maintains long-standing relationships with leading Russian nuclear entities, providing expert resources and facilities for its nuclear fuel development activities. The Company seeks and forms partnerships with participants in the global nuclear industry, allowing it to address a wide range of international opportunities.
Contacts
Thorium Power, Ltd.
Peter Charles, 571-730-1200
pcharles@thoriumpower.com
Permalink: http://www.businesswire.com/news/home/20090414005538/en
4/7: OTC VOICE this AM
http://otcvoice.com/profile1_pspm.htm length=9min
Tony and Lee say they have been intentionally quiet in preparation for big rollout. Tony said he was contacted Friday by a preson on behalf of currently deployed shareholders(who cannot access message boards). Tony was asked if he would do an update as PRs and OTCVoice was their source for PSPM developments, so they obliged today.
Main Topic, preparations for Lightfair. Computers for inventory/sale being installed. These are said to be EDI systems which are used for VERY HIGH VOLUME STOCK REPLENISHMENT. New employees being trained on these systems, hiring news sales staff to follow up inquiry and other activities that set foundation for move to elevated exchange.
A dated but detailed EDI overview here: http://linktionary.com/e/edi.html
Have a great week!
-ABN
2007 & 2008 Audited Financials, PR & direct link
Direct link to financials here:
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=20159
Another big box checked off for the journey onward and upward!
-ABN
Apr 01, 2009 14:36 ET
PureSpectrum, Inc. Releases Audited 2008 Financial Statements
Lighting Technology Company Takes Step Toward Moving to Senior Exchange While Preparing for Additional Growth and Revenue With Staff Expansion
SAVANNAH, GA--(Marketwire - April 1, 2009) - PureSpectrum, Inc. (PINKSHEETS: PSPM) has released audited financial statements for 2008 and posted the information to its website (www.purespectrumlighting.com).
Additionally, the company has acquired more office space and added key staff members in accounting, operations, sales and marketing in preparation for continued rapid growth and revenue generation. PureSpectrum president and CEO Lee Vanatta said the company's entire staff has been thoroughly educated on the rules and regulations of the Sarbanes Oxley Act (SOX) and the company has implemented all SOX policies required to elevate the company's exchange status.
"The completion of the audited financials and training our staff to implement all SOX requirements is the completion of more steps required to reach our near term goal of moving to a more established, fully reporting exchange," Vanatta said. "We are also in the process of accommodating the company's escalating rapid growth as our innovative lighting technologies and products continue to attract domestic and international interest from lighting manufacturers and distributors. We are looking forward to elevating our exchange status, and while we are not prepared to announce definitive dates for when this will be accomplished, we are taking all of the necessary steps in a highly organized and disciplined fashion in order to be sure we reach this goal as quickly as possible."
During the past three months, PureSpectrum's stock has experienced heavy trading and a significant uptick in price related to the company's continued progress. As PureSpectrum completes due diligence as part of the move to a more senior stock exchange, the company has added staff accountant Jason Moschner to support Chief Financial Officer Susan Norton with ongoing reporting and documentation.
As a result of the company's rapid maturation during the past few months, PureSpectrum has expanded its internal infrastructure and recently added personnel to accommodate the company's expanding needs. PureSpectrum will remain headquartered in Savannah, Ga., and has leased an additional 2,500 square feet of office space to house new personnel in sales, customer service and other functions related to product sales and distribution. Additionally, the company has added Greg McLean as Vice President of Operations to manage logistics as well as distributor relationships.
At the beginning of the year, PureSpectrum launched an aggressive sales and marketing effort for its line of dimmable Compact Fluorescent Bulbs with appearances at major domestic and international trade shows, and feedback from audiences reached through the company's outreach has been overwhelmingly positive. The company recently announced a bulk order for dimmable CFLs from a public utility in Minnesota, and the Middle East Electricity Exhibition and Conference generated developing relationships with potential distributors in Sri Lanka, Turkey, Saudi Arabia, Asia, Australia, Africa and throughout the Middle East. PureSpectrum has added Nicholas J. Peragine and Jeffrey Smith as program sales managers responsible for managing the high volume of interest the company's products and technologies.
"In every facet of our business, we are transitioning from being a developing company to being a fully developed corporate entity," said PureSpectrum president and CEO Lee Vanatta. "Our organizational chart is expanding and new roles are being identified and fulfilled internally on a daily basis. We budgeted and planned for our technologies and our products to be major breakthroughs, and we are now in the process of putting the infrastructure in place to support the interest we have generated. PureSpectrum is no longer operating in the theoretical -- we are now in the business of delivering light bulbs to our customers."
Call (912) 961-4980 for more information about PureSpectrum, Inc. or visit www.purespectrumlighting.com to see a short video featuring PureSpectrum's dimming technology compared to commercially available dimmable CFL bulbs. Please contact Shareholder Development Group at (770) 518-3449 or info@shareholderdg.com for investment information.
ABOUT PURESPECTRUM
PureSpectrum, Inc. is a technology company founded and headquartered in Savannah, Ga., that has developed breakthrough patent-pending ballast and dimming technology for artificial lighting. The company's mission stems from an awareness of the increasing urgency to encourage the adoption of energy efficient lighting solutions through superior performance. PureSpectrum continues its commitment to researching and developing technologies and products that satisfy consumer demand and meet energy conservation standards. For more information on PureSpectrum, please call (912) 961-4980 or visit www.purespectrumlighting.com.
Certain statements contained in this news release regarding matters that are not historical facts may be forward-looking statements. Because such forward-looking statements include risks and uncertainties, actual results may differ materially from those expressed in or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, uncertainties pertaining to continued market acceptance for PureSpectrum's products and services, its ability to succeed in growing revenue, the effect of new competitors in its market, integration of acquired businesses, and other risk factors identified from time to time by PureSpectrum.
Media Contact:
Stephen Weeks
(912) 484-9743
sweeks@purespectrumlighting.com
http://www.marketwire.com/press-release/Purespectrum-Inc-969360.html
Big difference between a delay in this or that, and a delay in reporting for six months of activity.
I mentioned that pinksheets.com delay on posting information:
"It is possible, but not likely that something was submitted but not posted as the website refreshes after the trading day is over. I remember last spring when EESO overlooked the deadline date and had a one or two day lapse, the PPS and IHUB board went nuts."
Glad to be proven wrong. TTT
No financials today means STOP SIGN TOMORROW! <sigh>
Whistles, for the time being it seems that PSPM is worthy of your scorn. If there is going to be a move in PPS or exchange insiders and major holders are going to be the only one who will be ahead of the move and make profit. In the meantime, as you have repeatedly pointed out, the gagged TA will mask dilution.
Not trying to turn negative, bash, or manipulate anything, it wouldn't be right to keep this observation from my peeps. Consider this a heads up before the yahoo board goes nuts tomorrow. I really wanted to have my hunch proved wrong so I waited patiently as the days ticked down.
It is possible, but not likely that something was submitted but not posted as the website refreshes after the trading day is over. I remember last spring when EESO overlooked the deadline date and had a one or two day lapse, the PPS and IHUB board went nuts.
Guess Mr. Golden is going to have to release another late night update to combat "bashers" cause this post is based solely upon my understanding of the description of the Stop/No Information description below.
http://www.pinksheets.com/pink/otcguide/investors_market_tiers.jsp
Stop, Pinksheets No Information: "Indicates companies that are not able or willing to provide disclosure to the public markets - either to a regulator, an exchange or Pink Sheets. Companies in this category do not make Current Information available via Pink Sheets News Service, or if they do, the available information is older than six months. This category includes defunct companies that have ceased operations as well as 'dark' companies with questionable management and market disclosure practices. Publicly traded companies that are not willing to provide information to investors should be treated with suspicion and their securities should be considered highly risky."
Please correct me if I am wrong(I hope I am)... I'm leaving for a meeting right now, won't be back til 6ish
-ABN
Too bad the name change and symbol it yet to be processed. The Intelligent Sports name and symbol will filter out a lil $ from the new exposure, IMO. SEC screws us again, LOL.
Interesting is definitely an understatement. We can count on Mr. Evans to stay on point, hustle for us, AND pray for our bashers. LOL
USU 3 day move: sights set on $5. Took a week for everyone to get the memo I guess :) Enjoy your weekend
GRO: Monsta afternoon! Sweet!
The beauty is the complement of the PSPM daylight-farming ballast with the broader range of our dimmable CFL. The longer and smoother curve makes for more precise usage.
Would be sweet if it made a move like FEED.
GRO v. FEED 90day comparison
http://finance.yahoo.com/echarts?s=GRO#chart10:symbol=gro;range=3m;compare=feed;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
ALU, any thoughts on the chart? Approaching 50MA. They were upgraded to market outperform last week, that the caused gap...
Chu: Nuclear must be part of energy mix
USU closed just under resistance, 3.79. Still waiting for clear break.
(USU/Nuke plays)
Yesterday in speech to senators, Chu tapdanced around nixed appropriations for new construction...
After reading, I did find a public spent fuel storage play. Most companies are private.
Moog (AMEX:MOG.A MOG.B) They acquired a specialty firm experienced in dry cask storage, Chu's main topic yesterday. Moog Acquires Berkeley Process Control, Inc. http://www.moog.com/Industrial/News/-/story_3369/lng_11/
Energy secretary affirms commitment to nuclear power
http://federaltimes.com/index.php?S=3985008
By TIM KAUFFMAN
March 12, 2009
Energy Secretary Steven Chu told lawmakers Wednesday that the Obama administration is committed to using every energy source at its disposal, including nuclear power, to help reduce carbon emissions and wean the nation off foreign sources of oil.
Members of the Senate Budget Committee questioned Chu about the administration’s commitment to expanding nuclear energy, citing a lack of affirmative statements from President Barack Obama and other administration officials. In addition, $50 billion in loans to fund nuclear power plants was stripped from the stimulus package Congress passed last month, raising additional concerns from lawmakers.
But Chu largely allayed those concerns, stating unequivocally that the administration supports building additional power plants to generate additional nuclear energy. Nuclear power accounts for 20 percent of the energy used in the U.S.
“I believe that nuclear power is an essential part of our energy mix,” Chu said.
Thirty-one power plants are pending construction in the U.S. The Nuclear Regulatory Commission, which issues the licenses for new plants, is working to approve two generic designs for new plants that should help expedite the licensing of site-specific plants, Chu said.
In addition, Chu said he is assembling a blue-ribbon panel to develop a long-range strategy for disposing of radioactive waste generated from nuclear plants. The Obama administration’s 2010 budget cuts funding for a repository at Nevada’s Yucca Mountain.
Pending a permanent solution to the waste issue, Chu said waste from new plants could be contained on site in steel containers using what’s known as the dry cask storage method.
Another article:
Chu: Nuclear must be part of energy mix
http://www.google.com/hostednews/ap/article/ALeqM5gECUYBUKRfAXEInCMaMKbUHnWkcwD96S202G1
By H. JOSEF HEBERT – 1 day ago
WASHINGTON (AP) — Energy Secretary Steven Chu sought Wednesday to assure skeptical senators that the Obama administration supports continued development of nuclear energy, even as it backs away from building a nuclear waste dump in Nevada.
"Nuclear is going to be part of our energy future. It has to be," Chu told members of the Senate Budget Committee at a hearing in which a half dozen senators, Republicans and Democrats, raised concerns about the administration's support for nuclear power.
Each time Chu gave a similar assurance, even as he reiterated that the administration has every intention of pulling the plug on a proposed nuclear waste site at Yucca Mountain.
"You can see the reason for some of the skepticism," Sen. Lamar Alexander, R-Tenn., told Chu.
"I don't want to save Yucca. I accept the fact that may not be viable," said Sen. Judd Gregg of New Hampshire, the committee's ranking Republican. However, he said he was concerned about the administration's degree of support for building new reactors.
Chu said he is ready to act on loan guarantees for the first group of new reactors and plans on "moving very aggressively to getting the money out the door." Congress in 2005 authorized $18.5 billion in loan guarantees for new reactors, but none of the applications has yet to be approved.
Still, Chu said the administration is determined to move in a new direction on how to deal with the thousands of tons of waste in the form of used reactor fuel now being kept at power plants.
Chu said the material can be kept safely "for decades" at reactor sites. And he said he hopes to have a recommendation from a special panel on alternatives to Yucca Mountain and long-term nuclear waste disposal before the end of the year. He said he will soon name members to the planned panel.
"I believe in nuclear power as a central part of our energy mix. It provides clean, busload electricity," Chu told the hearing.
Sen. Mike Crapo, R-Idaho, nevertheless, said he was worried about "subtle signals that raise concern" about the administration's support of nuclear energy, particularly its opposition to endorsing reprocessing of nuclear waste.
"Closing the fuel cycle is something we want to do," replied Chu, referring to future reprocessing of waste so it can be recycled.
But Chu said more research is needed because current methods of reprocessing used in Japan and Europe raise concerns about nuclear proliferation because they produce pure plutonium.
Obama's proposed budget calls for eliminating funding for the Yucca Mountain nuclear waste project 90 miles northwest of Las Vegas, except for money needed to respond to questions from the Nuclear Regulatory Commission on a Yucca license application the Bush administration submitted last year.
Chu dismissed suggestions that the license application be withdrawn. He said the application process could provide an insight as to what the NRC will require of a future nuclear waste strategy.
Copyright © 2009 The Associated Press. All rights reserved.
Afternoon, I'm great enjoying my day off... Just geared up to find a good buy this afternoon.
USU is trying to turn around, been watching it a while. Not much to keep it from heading back to 5+ if it definitively breaks this 3.80 today. Low volume but increased accumulation. Dunno if its trading with the market gain or something is brewing...
The 20% of float short position may finally be leaving
Thanks Soapy
AH trades, dunno how much they can tell you...
After a day of like $10M+ in volume, I wasn't suggesting that to bottom was going to fall out, maybe just another deep shake like early afternoon today, Who knows?
FWIW The Yahoo board is REALLY nasty now. What impact can a mesage board have after a $10M day, who knows.
There was only 2% of float short when last reported on shortsqueeze.
http://shortsqueeze.com/?symbol=gnbt&submit=Short+Quote%99
I was in at .38, out at .50 today which was awesome since I rarely get momo right. Hope you took some nice profits on your double from .24 GLTY
http://quotes.freerealtime.com/dl/frt/M?IM=quotes&SA=quotes%7CTime%2526Sales&symbol=gnbt&type=Time%26Sales&action=Go%21
6:32:57 PM Ask 0.478 600
6:29:50 PM Ask 0.46 5000
6:29:22 PM Bid 0.46 5300
6:28:28 PM Bid 0.47 1200
6:25:48 PM Ask 0.478 600
6:22:13 PM Ask 0.48 9300
6:20:53 PM Ask 0.48 5300
6:07:21 PM Ask 0.48 300
6:02:50 PM Bid 0.46 5300
6:00:54 PM Ask 0.46 1500
6:00:15 PM Ask 0.48 300
5:56:58 PM Bid 0.46 6300
5:56:56 PM Bid 0.45 1400
5:56:03 PM Bid 0.45 7800
5:50:04 PM Ask 0.48 1300
5:50:04 PM Ask 0.48 5000
5:50:03 PM Bid 0.45 1400
5:48:56 PM Ask 0.48 9000
5:48:53 PM Ask 0.47 1000
5:48:40 PM Ask 0.47 2000
5:46:54 PM Bid 0.47 7700
5:46:53 PM Bid 0.46 100
5:46:52 PM Ask 0.48 9000
5:43:56 PM Bid 0.47 7800
5:43:56 PM Ask 0.48 10000
5:43:54 PM Bid 0.46 100
5:39:35 PM Bid 0.46 8200
5:37:48 PM Ask 0.47 200
5:37:46 PM Bid 0.46 100
5:22:36 PM Ask 0.47 700
5:16:16 PM Bid 0.45 2700
5:16:16 PM Ask 0.47 800
5:12:34 PM Bid 0.45 4900
5:12:34 PM Ask 0.47 3000
5:06:19 PM Ask 0.47 5000
5:06:17 PM Bid 0.45 6900
5:05:22 PM Bid 0.46 500
5:03:11 PM Bid 0.45 6900
5:02:15 PM Bid 0.45 4900
4:37:51 PM Ask 0.469 500
3-11 CEO Lee Vanatta on OTCVoice.com
http://otcvoice.com/profile1_pspm.htm
Interview today on OTCVoice.com Lee with Tony Golden.
7min55sec
A few key points:
-Testing
-Recent patent
-Hauser
-Audited financials
I guess main topic will be 10Q just put out... it is a mixed bag. big r/d loss (as any pharm co), big potential deals in the pipe.
hope most of us traded like ninjas on this run.
5:08pm Form 10-Q for GENEREX BIOTECHNOLOGY CORP
11-Mar-2009
http://biz.yahoo.com/e/090311/gnbt10-q.html
Results of Operations
Three Months Ended January 31, 2009 Compared to Three Months Ended January 31, 2008
Our net loss for the quarter ended January 31, 2009 was $12,038,440 versus $6,507,174 in the corresponding quarter of the prior fiscal year. The increase in net loss in this fiscal quarter versus the corresponding quarter of the prior fiscal year is primarily due to the interest expense recorded in connection with our convertible debentures, repricing costs of warrants costs also issued in connection with our convertible debentures and an increase in selling expenses. The increase in net loss was partially offset by the decrease in our general and administrative expenses and research and development expenses. Our operating loss for the quarter ended January 31, 2009 decreased to $5,807,232 compared to $6,828,022 in the second fiscal quarter of 2008. The decrease in operating loss resulted from a decrease in general and administrative expenses (to $2,064,522 from $3,086,873) and a slight decrease in research and development expenses (to $3,240,441 from $3,469,624). The decrease was partially offset by the increase in selling expense (to $609,707 from $284,498). Our revenues in the second quarter ended January 31, 2009 increased to $434,636 from $18,627 for the quarter ended January 31, 2008 primarily due to one large order from the Middle East.
The small decrease in research and development expenses in the last fiscal quarter reflects timing differences of the overall increased levels of research and development of our oral insulin product and platform technology in connection with global Phase III clinical trials. The decrease in general and administrative expenses reflects the decrease in expenses for consulting and accounting services in the current fiscal quarter compared to last year, a modest reduction in travel and legal expenses, despite an increase in the expense for financial services. The selling expenses are associated with the commercial sales of our over-the-counter products that began in fiscal 2007.
Our interest expense in the second quarter of fiscal 2009 increased to $6,363,197 compared to interest expense of $58,948 in the second quarter of fiscal 2008 due to interest expense and costs of the repriced warrant recognized on the secured convertible notes issued in March 2008 in connection with a private placement. Our interest income decreased to $52,632 in the second quarter of fiscal 2009 compared to $291,472 in the same quarter for the last year primarily due to lower market interest rates and lower cash balances. We received a slightly lower income from rental operations (net of expense) of $79,359 in the second quarter of fiscal 2009 compared to $88,324 in the same quarter for the last year.
Results of Operations
Six Months Ended January 31, 2009 Compared to Six Months Ended January 31, 2008
Our net loss for the six months ended January 31, 2009 was $23,735,624 versus $13,729,087 in the corresponding six-month period of the prior fiscal year. The increase in net loss in this six-month period versus the corresponding six-month period of the prior fiscal year is primarily due to the increase in interest expense recorded in connection with our convertible debentures, costs of repricing warrants issued in connection with our convertible debentures, an increase in research and development expenses in connection with preparations for global Phase III clinical trials of Generex Oral-lyn� at sites in the United States, Canada, and Europe, and an increase in selling expenses. Our operating loss for the six months ended January 31, 2009 decreased to $13,331,878 compared to $14,534,383 in the corresponding six-month period ended January 31, 2008. The decrease resulted from a decrease in general and administrative expenses (to $4,912,435 from $6,602,793) and an increase in net revenues to $972,982 in the six months ended January 31, 2009 from $63,340 in the six months ended January 31, 2008. The increase in net revenue is attributable to a licensing fee received from South Korea and large order of our over-the-counter drugs from the Middle East. The decrease in operating loss was partially offset by increase in research and development expenses (to $7,596,130 from $7,317,427) and increases in and selling expenses (to $1,446,905 from $651,918).
200MA @ .54 gonna break today? holy cow!
If that article hits hard, like the last WSJ one, there may be panic selling and a long candle like the first of the month. I guess they didn't read this article on fool.com
This Week's 5 Dumbest Stock Moves
http://www.fool.com/investing/general/2009/03/06/this-weeks-5-dumbest-stock-moves.aspx
#4. Make it a Blockbuster fright
If Blockbuster (NYSE: BBI) ever wants to open its chain of theme parks -- and former helmsman Wayne Huizenga actually did at one point -- it may as well hand roller-coaster developers this week's stock chart for inspiration.
Blockbuster's stock fell by a sharp 77% on Tuesday, before more than doubling on Wednesday.
Why the wild ride? Well, the big hit came when The Wall Street Journal reported that the company has hired a law firm to explore its financing options. Investors bailed on the movie-rental behemoth, fearing another retail bankruptcy. However, the stock bounced back the next day, when the company refuted the reorganization chatter and announced a healthy 4.4% gain in comps for the holiday quarter at its domestic stores.
The moral of the story for Blockbuster: Don't be so opaque. If you hire a law firm that has worked on bankruptcies in the past, go public with your intentions before the public makes assumptions."
BBI Bounce tomorrow?
(BBI) Blockbuster Begging-WSJ Article
http://online.wsj.com/article/SB123673119091789661.html
MARCH 10, 2009, 8:30 P.M. ET
Movie-rental chain Blockbuster Inc. sent letters to its landlords around the country in January saying that company real-estate representatives would be in touch. "It is imperative that you respond to their call expeditiously and favorably," the letter reads. The topic: Blockbuster, struggling under a mountain of debt, wants rent reductions of as much as 30% and early lease terminations at thousands of its outlets.
Some landlords don't seem to be biting. Weingarten Realty Investors Inc., based in Houston, has 50 Blockbusters spread among its 323 U.S. shopping centers. "There's no way we're going to do that on any significant basis," ...
sry i don't have full article
http://online.wsj.com/article/SB123673119091789661.html
Nice WU trade $heff. NYSE: CY What you guys think of CY and its upward channel?
My bro picked CY paper trading a few weeks ago, it has been his best individual pick of 7 small positions. Most notable is its defiance of the heavy bear market pressure.
Cypress Semiconductor IR Page
http://www.cypress.com/?id=2062
http://stockcharts.com/c-sc/sc?chart=cy,uu[e,a]dhclyiay[db][pb5!b10!b50!b200][vc5!c20][iut!ua5,15,10!lv8!uk9!ll5!lc15!lg30!lb5!up5,5!lm12,9!lm4,9][j20444984,y]&r=3555
CY & VVTV are my big two on radar. I don't really have a daily watchlist. I just DD the crap out of companies and look for good entry that I wouldn't mind for a mid to long holding. I suck at short term/momo plays
CY has had a nice upward channel last 3 months.
VVTV broke 50MA today but lacked volume.
Thanks for the welcome. I've been away all day, catching up with a friend visiting from out of town.
I really like your board an posts/posters. It has the feel of a no BS zone :)
Glad to support Thurston's trip.