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So that means that our debt is gone and Barton received 700,000 shares. And that $700,000 is basically just a notation on the report no actual value?
I'm not very good with the financials, that's why I am asking someone who is. TIA investor_61
As I was saying when my phone died, the restricted shares not hit the open market an unspecified period of time. Most likely at least a year.
Molen is currently selling restricted shares to raise part of the necessary funding. NOT DILUTING!!
Secondly I'd like to ask any one with quarterly report reading skills. On page 6- debt conversion for shareholders, doesn't the $700,00 mean we have cash on hand from the financing?
First off IMHO I do believe the negative paint job is to our benefit, if we reset at .001 we don't have very far to fall.
That's what I thought. Is there a difference if it's in parentheses or not, like positive or negative. Or is it simply negative?
I need help understanding quarterly filings.
Under supplemental disclosure non-cash investing and financials, "conversion of debt for common stock". If there is, hypothetically, $100,000, what is its value? Is it considered debt to the company? Or is it cash on hand or like a credit line?
That's what I was thinking, it's ready to reverse. I just wanted to see what others thought. Thanks Taemujin!
Where is our chart guru? I'm a little rusty but I'm not seeing the turn yet, although I'm still upping my holdings this week the tide shall turn soon and strong.
.10 is an easy target next summer.
Biocoal is the future!!! Biochar is a big part right now and I'm thankful for it, but think two years from now when we are pulling in 11 million a year from one contract alone. Or 3 to 5 years from now when our country starts mandating biocoal usage in the United States. It is coming here the same as in Europe and it will be huge.
Not my opinion it is a fact!$!
That's why I feel when we break ground on the new facility it will show all naysayers the material fact of the new level we are on and in turn investments will be flowing in like green rivers $$$$$$$$
That will definitely get the momo going back up. The next major catalyst I see coming is breaking ground for the torrefaction operation.
Now when I say major I mean we will see a .01-.015 increase in 2-3 weeks.
IMHO
I agree, this stock has a top shelf value come the new year.
Maybe that was the reason for the Twitter letter about the R/S. It caused panic selling and it would allow the company to pick up shares very cheap for a buyback.
Yes sir! Took some profits at the top, I added some more bout a month ago and it looks like we finally hit bottom. Only one thing to do now add! Add!! ADD!!!
Finally got to listen to the conference call, good things around the corner. Looks like people buying (like myself) at these prices are going to have an explosive Christmas!!!!
Here and there. Been buried with work and the kid, appears its time to start buying some more VGPR with prices like this.
Kind of lost track of this recently, what do we have going on?
Curious when and at what price they will set the R/S? IMO it isn't that bad, but I would rather reset at .001 versus .003
I might be a little pissed but I am still picking up shares. Someone whacked me off with 5 million and I bought another 5 just to keep my numbers round.
I'm loving it!!
Maybe we shall find out eventually.
Has anyone heard from the company?
That's not when they were issued, that's when they were reported finally.
I'm saying they can buy at that point to start the next run up. I know they have shares and I know they were free and in reality
Technically they were shareholder debt conversions. If you look deep enough you can find the filings for them with the state that label them as expenditures for advertising.
Ray Barton and William Goode where issued 700 million shares 1 to 2 years ago, I think that is enough shares to bid whack this to 0001. And after the r/s it will probably dip were they can start buying again at an extreme discount to start the run with news.
I agree. Very unprofessional!!!
That statement was it from the CEO it was from Ray Barton and yes he is a shareholder.
How many got 0002 today?
I don't know Peggy someone with a lot of shares has been painting this down constantly. Ray Barton and his boyfriend were issued over 500 million shares. Now I know the filings say that those shares were issued in June but that was only when they were reported they were actually issued over a year ago.
Good point Gia, Twitter and Facebook can be used to issue company news and info releases. But they have not announced to their shareholders that that they need to monitor the Twitter account for updated information. Js
I do not, I sent my first email to the company to night
I'm not going anywhere till it's all figured out. R/s don't scare me but it's a little early to hit that button.
I agree gia, nothing a bout it seems credible especially with the name Ray Barton attached.
A lot of questions raised today for sure! Definitely didn't have the same tone as anything printed with Ken's name on it.
Looking ripe for a run soon. MNZO is on its way $$
Continuing to pick up these cheapies!!
Name change boomage coming up, maybe today?! Like the new ticker idea MNZO I think it has potential!!$$$