Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
A surgical spray gel that may have left hundreds of New Zealand women with painful internal scarring and fertility problems has been modified but doctors have not been told why.
Wellington gynaecologist Hanifa Koya, who first raised concerns about Confluent SprayGel in 2005, accuses the manufacturer of evading its responsibility toward "millions of women" worldwide who have been potentially injured by the gel.
The blue gel renamed SprayShield was supposed to prevent scarring during gynaecological surgery, but left some women with their reproductive organs "super-glued" together.
More than 1,500 Web Sites have been Attacked.
Severity: High Risk
What is it?
Gumblar is currently targeting users of IE and Google search, delivering malware through compromised sites that infect a user's PC and subsequently intercepts traffic between the user and the visited sites. This means that once infected, anything the victim types could be monitored and used to commit identity theft, such as stealing credit card numbers, passwords or other sensitive data. Visitors encountering the compromised website also risk having their subsequent search results replaced with links that point to other malicious websites. The malware can also steal FTP credentials from the victim's computer and use them to infect more sites, thus increasing the spread of this threat.
Who is at risk?
Users of Internet Explorer and Google's search engine.
This is a warning from Zonealarm and its purpose is to tout zonealarm products.But I want to ask.Can you really get trouble just using google?I mean,ANY search engine can take you to a bad place.Right?It is your choice what you do with search results.It is hard to imagine google allowing their company to be compromised like this.Is zonealarm using scare mongering to sell?
Yeh,and if you are not greedy you are a coward (fear).Yah cant win.
Have you looked at this board?
http://investorshub.advfn.com/boards/board.aspx?board_id=15452
Is it time to ask if we were pumped and dumped by people here?
Be interesting to see if I get censored on this one.
They need to get it started.He could give it free to use to a small country or an organisation such as an HMO.Or just a hospital here and there.
Recently,I thought my seven year old laptop was about to crap out,I rushed out and bought the cheapest emachine laptop.It doesnt do anything better than the seven year old P4 but it does seem to work ok.You need to look at the specs carefully.It looks like my one cannot be used on a dialup connection.I hope this will never be a problem for me.I like the fact that it seems to run cool with no fan noise for what I use it for.
I have seen one guy claim he got this laptop for $350CDN at a Canadian Walmart.
Ok,thanks for replies.I dont have a suitable disc at the moment.
I am confused about windows 7 rc.Can I download it to an external hard drive and then install that hard drive in a laptop and run it without any burning ?
Can this be right?Zone Alarm saying you can get an infection just clicking the corner of a box to close it.
A recent development regarding the Conficker virus has been detected, where it is now directing infected machines to download new, harmful files, thus activating the botnet. Here’s how this new behavior works:
Conficker sends out email spam without the PC owner’s knowledge. In addition, Conficker uses pop-ups to warn of PC infection and offers fake antivirus software, called 'SpywareProtect2009' at a price of $49.95. If purchased, credit card information is stolen and the virus downloads even more malicious software.
You can protect yourself from Conficker with ZoneAlarm Security Suite.
It includes antivirus, anti-spyware and more in addition to your current firewall protection.
If you encounter a pop-up like this, do not click on the pop-up at all - not even to close the box. To remove the pop-up without infection, open your Task Manager (Ctrl+Alt+Delete), and end the task from your Browser (Explorer, Firefox, etc.). You should take additional precautions to ensure you are not already infected and have adequate protection:
03-04-09 01:48 AM
http://it.slashdot.org/article.pl?sid=09/03/03/1951222
**$tarDu$t** recommends a Washington Post Security Fix blog post dissecting the Tigger.A trojan, which has been keeping a low profile while exploiting the MS08-66 vulnerability to steal data quietly from online stock brokerages and their customers. An estimated quarter million victims have been infected. The trojan uses a key code to extract its rootkit on host systems that is almost identical to the key used by the Srizbi botnet. The rootkit loads even in Safe Mode.
"Among the unusually short list of institutions specifically targeted by Tigger are E-Trade, ING Direct ShareBuilder, Vanguard, Options XPress, TD Ameritrade, and Scottrade. ... Tigger removes a long list of other malicious software titles, including the malware most commonly associated with Antivirus 2009 and other rogue security software titles... this is most likely done because the in-your-face 'hey, your-computer-is-infected-go-buy-our-software!' type alerts generated by such programs just might... lead to all invaders getting booted from the host PC."
http://voices.washingtonpost.com/se..._trojan_ic.html
Edit/Delete • Quote • Complain
paulxx
Registered: Feb 2008
Posts: 56
03-06-09 05:45 PM
Notice in the article and related links that AntiVir (free antivirus www.free-av.com) is the only antivirus to catch it still. Nothing is 100% and nothing will replace being sensible what you click on, but AntiVir plus weekly manual scans with free Spybot (www.spybot.com - untick everything except desktop icon on install) is the standard for those who want a lean, fast and secure trading system. Antivir will only consume around 10MB of system resources, once settled. If you have a router, you do not need another firewall in addition to it and the built in windows firewall.
CJ thanks.You mentioned that Glary slowed your machines.I have been suffering slowness lately and wondering what was the cause.I saw your post and uninstalled Glary and got an immediate speed up after restart.
What email address?Is it support@yahoo.com?
I have recently had a couple of warnings pop up while using yahoo email.I never thought to ask them about it.
Join Date: Apr 2007
Experience: Beginner
06-Sep-2007, 04:14 PM #23
got this also, the last week or so
have been getting this : "a248.e.akamai.net" dealing with certificate also the last week or so..
am using Firefox on Vista
i contacted Yahoo, as i only get the message when on their site, and they said it was
likely a "transient" problem that would go away in a short while, so they didnt seem
very concerned about it....
Hi Leo, My Zone Alarm is constantly blocking "a1255.g.akamai". I did a Google on it but didn't find out much. Can you tell me what it is?
I had to make an assumption or two, but a few steps lead me to an answer that I think is correct.
What I can't explain is why Zone Alarm is blocking it.
Let me walk you through what I did. The steps may be useful in researching other domain issues in the future.
First off, I have to assume you really mean "a1255.g.akamai.net". Here's why I say that:
*
"a1255.g.akamai" is an invalid domain name, simply because ".akamai" is an invalid top level domain (TLD). Top level domains are things like ".com", ".net", or country codes like ".ca", ".nl" and so on.
*
My first guess, "a1255.g.akamai.com" doesn't resolve. If, in a command prompt, I attempt to:
ping a1255.g.akamai.com
I get the error message
"Ping request could not find host a1255.g.akamai.com. Please check the name and try again."
*
My second guess, "a1255.g.akamai.net", resolved properly. The ping command responded with actual ping results.
So now, armed with a working domain name, I attempted to find out who owns the "second level" domain, "akamai.net".
My first attempt is to use a "Whois" service to look up the owner of the domain. I typically start with betterwhois.com, which in this case tells me that the registrar (not the owner) is Tucows.com, and that I need to visit them to get more details.
I visit Tucows domain help site which includes their whois look-up. Entering "akamai.net" tells me what I wanted to know: the owner is a company called, not surprisingly, "Akamai Technologies".
So that didn't help much, did it? We still don't know what Akamai does.
To me that means it's time for Google. Searching on "akamai" returns not only the company home page (akamai.com), but also an interesting Wikipedia article on Akamai. In there we learn that "Akamai Technologies ... provides, among other services, global Internet content caching." And in one of the references cited in that article, "Theory of how Akamai works", we learn that there's actually a structure to the domain name - the "a1255" and the "g" probably mean something specific - though we're not quite sure what.
So what's all that mean? What's this "Internet content caching" thing?
To grossly oversimplify, it's a form of web hosting that "spreads the load" across other servers. For example, a business might use akamai to host all of it's images, so as to reduce load on their own servers. The akamai servers might optimize for providing images, and only images, very quickly. For busy sites, this type of load balancing, or more correctly, load spreading, allows several computers, servers and infrastructure to cooperate in such a way as to present web pages as quickly as possible.
"[Internet content caching is] a form of web hosting that 'spreads the load' across other servers."
While I'm not as busy as sites that use akamai, I use a similar technique here at Ask Leo! If you download any of my podcasts, while the URL you initially see begins with "http://ask-leo.com/podcasts/...", that's redirected, and the actual download occurs from a completely different server: "http://media.pugetsoundsoftware.com/ask-leo.com/podcasts/...". This actually distributes the bandwidth of the larger MP3 downloads to a completely different server. That "media" server is acting in many ways like the Akamai service we've just discussed.
Now... why is Zone Alarm tripping on it? I have no idea. You didn't say whether the block was outgoing or incoming. I can't envision a reason for an incoming connection from an akamai server, so blocking that makes sense. But my assumption is that you're seeing an outgoing block. Since so many companies use Akamai services I'm not sure at all why that might be blocked, unless the specific customer represented by "a1255.g" is something or someone that Zone Alarm has determined may be harmful.
I'd be tempted to follow that question through with Zone Alarm.
Should I worry about this?I am in Yahoo email reading email that is already there and deleteing emails I dont want.I AM NOT CLICKING ON LINKS OR TRYING TO CONNECT TO ANYWHERE.I get this message from Windows.
Security error.Domain name mismatch.You have attempted to establish a connection with core.insightexpressai.com.However the security certificate presented belongs to a248.e.akamai.net.It is possible,though unlikely,that someone may be trying to intercept your communication with this web site.
This has happened twice now.I have zone alarm and IE/firefox must get permission to start.I have scanned with AVG and spybot.I havent tried to check out the sites mentioned yet and so I dont know what they are about.(scared to go there).
Any opinions?
2 cents per share loss for the quarter.7 cents per share paid in stock based compensation in the last 9 months.
Spam drops 75pc as major host shut down
By ASHER MOSES - SMH | Saturday, 15 November 2008
Email a Friend | Printable View | Have Your Say
Fairfax Media
OUTBOX: Global levels of spam email have dropped by up to 75 per cent after the shutdown of a massive US web host.
Related Links
Subscribe to Archivestuff
Have your say
Global spam levels have dropped by as much as 75 per cent following the shutdown of a US web host that provided the backbone for most of the world's spam.
The bust has sent spammers scrambling and, although it occurred on Tuesday in the US, spam volumes remain down today, security companies say.
The web host, McColo, counted customers including "international firms and syndicates that are involved in everything from the remote management of millions of compromised computers to the sale of counterfeit pharmaceuticals and designer goods, fake security products and child pornography via email", The Washington Post reported.
California-based McColo was unplugged by its internet service providers, Global Crossing and Hurricane Electric, following a four-month investigation by The Washington Post.
US law enforcement has yet to announce any action taken against the company, which has gone to ground and has not returned calls.
Security researchers have criticised authorities for ignoring evidence presented by them over a long period, however it is not clear if McColo could be held legally responsible for its clients' activities.
A private security researcher, Jart Armin, published a report this week identifying McColo as the host of 40 different child porn sites, one of which garnered up to 25,000 visitors a day.
Philip Routley of MessageLabs Australia said that, during the twelve hours following McColo's closure, spam volumes dropped "massively to levels eight times less than typical volumes, demonstrating just how much spam was sourced through this single ISP".
He said the drop in spam had continued today but the MessageLabs spam team expected to see spam levels rise to previous levels "in a matter of days as the botnet owners find a new ISP and bandwidth providers".
Spammers typically use botnets of hacked computers that they surreptitiously control and use to send their spam messages. This makes it harder for them to be traced and allows spammers to harness the internet bandwidth of potentially hundreds of thousands of computers.
Sophos head of technology for the Asia Pacific, Paul Ducklin, said yesterday Sophos had noticed an immediate 75 per cent drop in global spam volume after McColo was knocked offline.
Security firm IronPort, which tracks daily spam volumes and publishes them continuously on the web, showed a 70 per cent drop in spam over the last two days.
MXLogic said it had seen a 50 per cent reduction in typical spam volumes.
"This represents the first time that we have seen immediate, significant, measurable reductions in spam volume as a result of a spammer arrest or registrar/colocation termination," the company said.
But Adam O'Donnell, director of emerging technologies at messaging security company Cloudmark, wrote in a blog the drop would only be a "temporary lull".
"The shutdown has removed pieces of infrastructure critical for the operation of several spammers, but this does not mean they cannot adapt," he said, suggesting the spammers would regroup and recreate the services provided by McColo "somewhere in Eastern Europe".
Pop-ups pay day for Russian scammers
By ASHER MOSES - SMH | Wednesday, 05 November 2008
Email a Friend | Printable View | Have Your Say
Supplied
CASHING IN: Russian scammers are making millions using pop-ups to peddle anti-virus software.
Related Links
Subscribe to Archivestuff
Have your say
Advertisement
Advertisement
Cyber criminals are earning up to $US150,000 a week selling fake anti-virus software to naive internet users, confidential documents obtained by a US security researcher reveal.
Computer users typically receive annoying pop-up messages telling them their computer is infected and they can clean their machine by clicking to buy a $US49.95 software package called Antivirus XP 2008 or Antivirus XP 2009.
The pop-ups are either delivered through ads on websites or, more commonly, directly to the user's computer if it has been infected with a virus and subsequently recruited as part of a "botnet" of PCs controlled by hackers.
With more recent "drive-by download" attacks, a computer can be infected just by browsing the web and when it is brought into a botnet, which could include thousands of machines, the hacker can surreptitiously control it and deliver the pop-up messages.
Joe Stewart, director of malware research at SecureWorks, said in an interview that while many hackers benefited from botnets by using them to harvest victims' bank and credit card details, it was now common for them to join affiliate programs selling fake anti-virus software.
One such program is run by a Russian outfit called Bakasoftware, which pays affiliates commission of between 58 per cent and 90 per cent of their sales.
For instance, if a hacker controls a botnet of 20,000 computers, they could earn up to $US225,000 just by tricking 5000 victims into buying the fake anti-virus software for $US49.95 each.
"For most people they might just be browsing the web and suddenly they don't know why this thing will pop up in their face, telling them they've got 309 infections on their computer, it will change their desktop wallpaper, change their screensaver to fake 'blue screens of death'," Stewart said.
"It goes to a lot of trouble to try and scare people into thinking they have a massive infection on their computer and they need to pay money to this software vendor to get it cleaned."
Stewart said the pop-ups keep re-appearing until the user buys the anti-virus program, which looks much like real security software. Once they do, another pop-up says the computer is being scanned and all problems are fixed, but "everything it just scanned for is fake so it didn't really do anything".
Recently, Bakasoftware's database was obtained by a hacker known as NeoN and earning details of the top 10 affiliates were published on various online hacking forums. The data revealed the most successful affiliate earned $US158,000 in a week and even small-time hackers could earn hundreds of thousands of dollars a year.
Stewart said the figures were consistent with those previously released by Bakasoftware itself in order to encourage hackers to join its affiliate program.
"What these hackers will do is they want to make some money one day and they've got 20,000 computers all under their control, so they just grab this software and push it out to them," he said.
Meanwhile, Bakasoftware simply has to develop the fake anti-virus software and sit back and collect its commission.
Since it is not hacking people's computers and only runs the affiliate program, Bakasoftware does not have to worry about being shut down by police, Stewart said.
"There's little risk in it for most of these guys as opposed to the amount of risk you might see in stealing credit cards or bank account information or even spam," he said.
"We know that most of the affiliates are in Russia. They don't target Russians - they know that if there's no Russian victims there's probably nil chance of Russian law enforcement ever coming after them."
Paul Ducklin, Sophos's head of technology for the Asia-Pacific region, advised Australians to only buy anti-virus programs they know they can trust. Any software that required customers to hand over money before even completing a trial scan and clean was probably fake.
"Don't feel pressured into purchasing because a free program has frightened you with a list of alleged threats," he said.
LINC ENERGY PRODUCES DIESEL FROM COAL GAS
By Dick Phelps
15 Oct 2008 at 03:14 PM
Linc Energy's demonstration plant in Queensland has paved the way for a full-scale $A1 billion project. This as it generated the first diesel fuel synthesized from coal gas. The company hopes to construct a facility to produce 20,000 barrels of diesel fuel daily. It expects the operating cost to be a mere $28/barrel.
In a similar development, few months ago the U.S. Air Force successfuly flew a B-52 bomber on jet fuel synthesized from coal.
Public Reply | Private Reply | Keep | Last Read Next 10 | Previous | Next
Posted by: JimQuinceH Date: Monday, October 06, 2008 8:48:37 PM
In reply to: James444ct who wrote msg# 45556 Post # of 45580
Yes James, I think we set a TEMPORARY bottom today and the markets will rise for the rest of this week. There is a 63-67 day cycle low due next week (October 13th to the 17th) which will probably be the test of today's low.
I don't see the Bear Market ending until 2010. Probably October 2010.
Hamilton firm admits hydrogen tech 'a fraud'
Tuesday, 30 September 2008
Email a Friend | Printable View | Have Your Say
Related Links
Subscribe to Archivestuff
Have your say
Advertisement
Advertisement
A Hamilton company which has spent a lot of money developing on-demand hydrogen generators today denounced the technology as a fraud.
Michael Fresnel, co-founder of OctaFuel New Zealand, made the admission in a statement today, two days before a Hamilton motoring writer, Eric Otoka, was planning to disclose results of his trial of the OctaFuel hydrogen fuel system designed to reduce petrol consumption.
Otoka was going to go public in his Loose Nut column in Waikato Times motoring section on Thursday, and say his trial found the generators did not work.
But Mr Fresnel said today his company now "believes the technology is a fraud, and advises New Zealanders to avoid spending money online buying on-board hydrogen generators and instruction manuals on how to build them".
He said OctaFuel had been persuaded the technology was genuine because of a number of international studies supporting it.
"It came as a shock to discover that the technology did not save fuel," he said. "No one likes getting the wool pulled over their eyes."
The experience had been humbling, but going public was the right thing to do, "despite the embarrassment factor", he said.
OctaFuel spent three months work and about $100,000 on the development of an on-demand hydrogen unit, contracting a mechanical engineer with more than 25 years' experience and a reputable electronics company to undertake the research, development and manufacture of the technology.
The OctaFuel equipment was professionally installed by mechanics and the unit was trialled in two customers' vehicles and by OctaFuel, Mr Fresnel said.
In addition to its own research and development, OctaFuel accepted participation in a Waikato Times trial over a five-week period, during which OctaFuel continued its own trials.
"OctaFuel's team of advisors were not sure the product had been tested thoroughly enough in-house, but the feedback seemed positive, with reports of between 20 per cent and 25 per cent fuel savings, so the decision was made to proceed with a public trial," he said.
But later installations in a number of customers' vehicles and the Waikato Times trials "showed that on-demand hydrogen technology is a fraud".
Mr Fresnel said the company would continue exploring hydrogen as a primary fuel for motor vehicles, including reforming of methane from rubbish dumps to hydrogen gas, which can be used to fuel cars.
- NZPA
Recently various talking heads ,including Warren Buffet,have warned that the US is teetering on the edge of a financial abyss.But this couldnt be the reason for the share price could it?I mean,no one mentions that situation here.Its like CTGI is totally insulated from that stuff.No,its got to be the evil market makers and shorters responsible for the share price.
ply to: RAYANK who wrote msg# 139666 Post # of 139736
IMO message board info has its place in doing DD into a company such as ERHE for sure, Good post, good info , IMO ALL investors in a company such as ERHE, that has beginings and inner workings not so well known should always look to the boards to find more in depth DD, beyond just the message board info etc... The boards always can/will lead you to other DD outside the boards that can be extremely enlightening, I found this report below from a link on a board and found it to be the most complete in depth outline of ERHE energy and its insiders I have found to date.
I suggest all ERHE investors or potential investors read this outline, Extremely Interesting. Lots of pros and cons on ERHC energy but more then that it is a complete outline from the beginning of the major ERHC insiders and main players.
The Sao Tome Deal3:
The real question is how did EHRC get this lucrative contract. Environmental Remediation Holding Corp. has one full-time employee at its headquarters in the U.S. It hasn't reported a penny of revenue for four years and has piled up more than $30 million in losses.
Yet thanks to its sole asset -- a contract that gives it a major stake in a tiny West African nation's oil fields -- the obscure Texas oil company is on the verge of a stunning turnaround. ERHC secured its oil rights from Sao Tome and Principe. The company's oil contract which gives it rights to two offshore fields in Sao Tome's territorial waters and a significant share in deposits in an area jointly controlled by Sao Tome and Nigeria.
About 4 billion barrels of crude are believed to lie beneath those waters. Without a drilling rig to its name, ERHC will reap hundreds of millions of dollars from its holdings. The company was formed and run by a number of minor U.S, players and was able to pay the Sao Tomeans a small sum for the contract. The contract ran into trouble when it was realized that these prospective oil leases would have no value until an international treaty was made between Nigeria and Sao Tome, delineating the territorial boundaries between the two countries. A visit to Sao Tome by the American head of the company proved useless. The U.S. owners were persuaded by Offor that he could arrange that Nigeria set out such a treaty, using his friends Obasanjo and Atiku. The company agreed to sell its shares to Offor, while retaining a number of shares in their own name. They didn’t so much sell the shares as donated them in exchange for Offor agreeing to be liable for the debt. In mid-2001 Offor acquitted a 75% stake in EHRC. A few weeks later the Government of Nigeria and the Government of Sao Tome signed a treaty delineating their borders. Now the oil leases (which promised a 5% of the revenue stream to Chrome) now had a putative value.
This ability to start to sell the oil leases attracted other players. Obasanjo was pushing two companies for the Joint Development Zone (JDZ). These were the Nigerian branch of Norwegian PGS, headed by Otunba Onabanjo (father-in-law of Obasanjo’s second son) and Yinka Folawiyo Petroleum, run by Wahab Folawiyo (close friend of Obasanjo). Atiku was happy with Chrome as it was widely believed that he actually owned the Chrome shares and Offor was his nominee.
This activity irritated Exxon/Mobil who were then also exploring offshore and several Bretton Woods institutions. The new Sao Tomean Government, despite receiving hundreds of thousands of dollars from Offor’s offshore companies, attempted to revaluate the Chrome contact. In response to complaints from Sao Tome officials, Offor renegotiated ERHC's deal in May 2001 with the Trovoada administration.
Under the new agreement, ERHC relinquished certain rights, notably its stake in the state oil company. In return, it was granted, among other benefits, a share of Sao Tome's future oil profits and retained its rights to choice oil fields. Two months later, De Menezes was elected president and, after taking office in September 2001, vowed to revoke the agreement. ERHC threatened legal action but eventually agreed to yet another renegotiation, which began in earnest this year.
By that point, Sao Tome was eager to sign a deal so exploration could commence. They saw Nigeria, Equatorial Guinea, Angola and other countries getting rewards from oil, and they were sucking sand. The country's lead negotiator was the minister of natural resources, Rafael Branco, whose two children were among those who had received college scholarships from ERHC, according to Wilson and Callender, the former company officials.
Sao Tome's National Petroleum Commission played an advisory role. One of its members was an ERHC shareholder and former company consultant. Two other commission members had been on ERHC's payroll at the state-run oil company. So had two members of another government board overseeing oil exploration in the Joint Development Zone with Nigeria.
The contract, as renegotiated by the Branco-led team, gave ERHC a 14% stake in nine especially promising fields in the Joint Development Zone. It left intact the company's rights in Sao Tome's wholly owned territorial waters, where ERHC has full ownership of two oil fields and a 30% share in two others.
In most of the fields in which it was awarded rights, ERHC was exempted from paying a "signature bonus" -- a one-time fee that oil companies typically pay governments for exploration rights. In West Africa, such bonuses have ranged from a few million dollars per field up to $300 million, the sum ExxonMobil recently paid for rights in Angola.
The JDZ have licensed nine fields, in which the most lucrative of which EHRC is participating. This is not bad for a zero investment.
http://saharareporters.com/www/interview/detail/?prevpage=40153&startpage=50164&x=6&id=52
COMPLETE REPORT:
http://saharareporters.com/www/interview/detail/?id=52
You are right.The higher they can get the share price before the IPO the better it will be financialy.If they tried to launch it today I think they wouldnt even get a buck.
So it looks like various governments are starting to put up money to develop carbon capture.I wonder what CSMG's chances are of getting 100% government finance to build the first pilot plant?
Robin Pagnamenta, Energy and Environment Editor
A plan to liquefy carbon dioxide emissions and transport the waste gas for permanent burial in rocks beneath the North Sea has been drawn up by ScottishPower.
The energy company is pitching its plans to the Government, hoping that it will win a competition to build a pilot power plant that will capture CO2 and store it safely. The utility, which is owned by Iberdrola, of Spain, hopes that the ambitious project will lay the ground for a vast new business opportunity if future European legislation to tackle climate change forces polluters to trap and store their carbon emissions.
Nick Horler, chief executive of ScottishPower, told The Times that the company believed that it had identified a rock formation in the North Sea that could store all of Europe's emissions of CO2 for the next 600 years.
Its plan to install carbon capture and storage (CCS) technology at the Longannet coal-fired power station in Fife is one of four entries that have been submitted in a Government competition to develop the world's first CCS power station of a commercial scale by 2014.
Related Links
ScottishPower has proposed converting one of the four burner units at Longannet — Scotland's largest power station, with generating capacity of up to 2,600 megawatts — to use CCS technology built by Aker, a Norwegian engineering group. It would strip out the carbon dioxide emitted by the burning of coal using chemical solvents. The gas would be pressurised and liquefied, allowing it to be piped using existing oil and gas pipelines for secure storage beneath the seabed.
ScottishPower is working on the scheme with Marathon Oil. The Texas-based oil and gas explorer would handle the transportation of the surplus liquid via existing North Sea pipes.
Scientists and geologists at Edinburgh University are also working on identifying safe long-term storage in sub-sea rocks.
About £100 million of government funding will be available for the project if it wins the competition to build a 300-megawatt CCS unit — which would be about ten times bigger than the largest CCS unit yet built anywhere in the world. A winner will be announced next summer.
Isnt C the bank used by Interactive Brokers?IB are aggressive in policing their margin requirements,and inferring that they intend to survive any market meltdowns.But I cant help wondering what trouble at C might do to them.
So PTCH is becoming a foreign stock?Not suposed to own foreign stocks in a US IRA?I wonder what will happen there.Forced sale of PTCH in IRA's?
Posted: Tue Sep 09, 2008 11:05 am Post subject: Economic models with cows Reply with quote
SOCIALISM
You have 2 cows.
You give one to your neighbour.
COMMUNISM
You have 2 cows.
The State takes both and gives you some milk.
FASCISM
You have 2 cows.
The State takes both and sells you some milk.
NAZISM
You have 2 cows.
The State takes both and shoots you.
BUREAUCRATISM
You have 2 cows.
The State takes both, shoots one, milks the other, and then throws the milk away...
TRADITIONAL CAPITALISM
You have two cows.
You sell one and buy a bull.
Your herd multiplies, and the economy grows.
You sell them and retire on the income.
SURREALISM
You have two giraffes.
The government requires you to take harmonica lessons
AN AMERICAN CORPORATION
You have two cows.
You sell one, and force the other to produce the milk of four cows.
Later, you hire a consultant to analyse why the cow has dropped dead.
ENRON VENTURE CAPITALISM
You have two cows.
You sell three of them to your publicly listed company, using letters of credit opened by your brother-in-law at the bank, then execute a debt/equity swap with an associated general offer so that you get all four cows back, with a tax exemption for five cows.
The milk rights of the six cows are transferred via an intermediary to a Cayman Island Company secretly owned by the majority shareholder who sells the rights to all seven cows back to your listed company.
The annual report says the company owns eight cows, with an option on one more.
You sell one cow to buy a new president of the United States, leaving you with nine cows.
No balance sheet provided with the release.
The public then buys your bull.
A FRENCH CORPORATION
You have two cows.
You go on strike, organise a riot, and block the roads, because you want three cows.
A JAPANESE CORPORATION
You have two cows.
You redesign them so they are one-tenth the size of an ordinary cow and produce twenty times the milk.
You then create a clever cow cartoon image called 'Cowkimon' and market it worldwide.
A GERMAN CORPORATION
You have two cows.
You re-engineer them so they live for 100 years, eat once a month, and milk themselves.
AN ITALIAN CORPORATION
You have two cows, but you don't know where they are.
You decide to have lunch.
A RUSSIAN CORPORATION
You have two cows.
You count them and learn you have five cows.
You count them again and learn you have 42 cows.
You count them again and learn you have 2 cows.
You stop counting cows and open another bottle of vodka.
A SWISS CORPORATION
You have 5000 cows. None of them belong to you.
You charge the owners for storing them.
A CHINESE CORPORATION
You have two cows.
You have 300 people milking them.
You claim that you have full employment, and high bovine productivity.
You arrest the newsman who reported the real situation.
AN INDIAN CORPORATION
You have two cows.
You worship them.
A BRITISH CORPORATION
You have two cows.
Both are mad.
AN IRAQI CORPORATION
Everyone thinks you have lots of cows.
You tell them that you have none.
No-one believes you, so they bomb the **** out of you and invade your country.
You still have no cows, but at least now you are part of Democracy....
AN AUSTRALIAN CORPORATION
You have two cows.
Business seems pretty good.
You close the office and go for a few beers to celebrate.
A NEW ZEALAND CORPORATION
You have two cows.
The one on the left looks very attractive
_________________
To handle yourself, use your head; to handle others, use your heart.
Yes they have leases.Reputed to be very good leases.But now they have no money to drill them and prove them.They are trying to sell something that hasnt been proven.
RE: ptch
bitumenbucks0
9/1/2008 11:47:19 AM | | 24 reads | Post #23695607
rossi dont let that fool you.
PTCH has no source of income other than financing. That net income figure is just combination selling of Pharmaxis shares, of finacings and deferred exploration expenses i belive because of flow through shares. they have no true income and are essentially 'broke' Bottom line there is negative cash in the til.
As of Feb 2008 they had $2.9 Million in liquid assets and $5.4 million in liabilites which means they have a cash flow deficit of $2.5 Million. They have done no financing since then so the situation only gets worse becase of a cash burn to keep the phone hooked up, the lights on and the wages paid.
They either need someone to buy them out or to finance and to go to the market for cash with 10 cent shares and probably warrants as well will mean an excessive amount of dilution.
I think all one can hope for here is for a buyer but i wouldn't expect much in the way of an offer. And one has to hope that would occur before the possibility of bankrupcy. Thats my own speculation but to me it looks like its possible.
The only junior oil sands company i would consider buying into right now is AOS. (Alberta Oil Sands). I don't own it but have been doing a fair bit of research into the sector lately and it looks to be the one with the most chance of success right now with proven management, a good JV parter that has cash, and an excellent asset. PTCH has a good asset but is lacking a source of funding and i also think management is weak IMO. Time will tell but even though AOS has a lot higher valuation there is a reason for that, the chances of success are multiples higher.
Yep,you are right.Well I cant find out what it is about.I am wondering if they sold something.I think if this was really good news the share price would reflect it.You could say no one has noticed the filing yet but insiders will know about it and the smart money will know it.Hopefully this means PTCH are not about to go belly up and wont need toxic finance.
The Registrant expects to report net income of approximately $12,400,000 for the year ended May 31, 2008. This compares to a net loss of $25,136,900 for the year ended May 31, 2007.
__________________________________________________________________________________________________
PATCH INTERNATIONAL INC.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
Date: August 28, 2008
By:
/s/ Jason G. Dagenais
Jason G. Dagenais, Chief Operating Officer
and Interim Chief Financial Officer
I have not seen that.Please copy and paste it or post a link.A couple of years ago when I bought Patch I thought they had a small share in a producing well.I thought it might produce enough to cover their office expenses.But I have not seen it mentioned lately.
Thanks for your critique.I hope that anyone who wants to refute will use a similar format and factually argue the things that Frank did right.
Sure,if you go without a big loss.I am a bag holder with this one.I may as well hang around to see what happens.And its in my IRA,so no tax benefit to the loss.
Not even a rumour.Just wishfull thinking.
Maddogs,do you know where manufacturing will take place?I am a little concerned they intend to manufacture in the US instead of asia?Does CTUM intend to handle manufacture of disposables?Who will manufacture gensets?
Did they give any "excuse" for not recycling and reusing that water?