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Perception: Something to think about...
Washington, DC Metro Station on a cold January morning in 2007. The man with a violin played six Bach pieces for about 45 minutes. During that time approx. 2 thousand people went through the station, most of them on their way to work.
After 3 minutes a middle aged man noticed there was a musician playing. He slowed his pace and stopped for a few seconds and then hurried to meet his schedule.
4 minutes later:
The violinist received his first dollar: a woman threw the money in the hat and, without stopping, continued to walk.
6 minutes:
A young man leaned against the wall to listen to him, then looked at his watch and started to walk again.
10 minutes:
A 3-year old boy stopped but his mother tugged him along hurriedly. The kid stopped to look at the violinist again, but the mother pushed hard and the child continued to walk, turning his head all the time. This action was repeated by several other children. Every parent, without exception, forced their children to move on quickly.
45 minutes:
The musician played continuously. Only 6 people stopped and listened for a short while. About 20 gave money, but continued to walk at their normal pace. The man collected a total of $32.
1 hour:
He finished playing and silence took over. No one noticed. No one applauded, nor was there any recognition.
Findings:
No one knew this, but the violinist was Joshua Bell, one of the greatest musicians in the world. He played one of the most intricate pieces ever written, with a violin worth $3.5 million dollars.. Two days before Joshua Bell sold out a theater in Boston where the seats averaged $100.
This is a true story. Joshua Bell playing incognito in the Metro Station was organized by the Washington Post as part of a social experiment about perception, taste, and people's priorities. The questions raised: "In a common place environment, at an inappropriate hour, do we perceive beauty? Do we stop to appreciate it? Do we recognize talent in an unexpected context?"
One possible conclusion reached from this experiment could be this: If we do not have a moment to stop and listen to one of the best musicians in the world, playing some of the finest music ever written, with one of the most beautiful instruments ever made.... How many other things are we missing?
Bell’s performance:
I'd like to thank you for taking the time to acquaint myself with this one several weeks back. From experience I've found quality investments are far and few between, in the otc market. If there is an investor more savvy and professional about his business in this market, I have yet to hear of him/her. Well done West.
Biomass Magazine on Plasma Gasification: Proving Out Plasma Gasification.
Researchers believe that the economics are right for using plasma gasification technology to convert municipal solid waste into energy. It’s just a matter of getting that first commercial plant built in the United States for it to catch on.
By Bryan Sims
Although recycling and collection strategies have been optimized over time, the rapid accumulation of municipal solid waste (MSW) is stressing landfills and prompting many county and city governments to find new ways to cost-effectively dispose of MSW and offset volatile energy costs. One technology that has garnered attention as a solution to this problem is plasma arc gasification technology.
Plasmas—also known as the fourth state of matter—are gases that have been heated to thAe point of ionization and passed between two electrodes that create an electrical arc.
This arc breaks waste down primarily into elemental gas and solid waste (or slag) in a device called a plasma converter. Charged particles such as electrons conduct electricity and generate heat equivalent to the surface temperature of the sun. The heat rips apart compounds and converts inorganic solids (vitrified ash) into glass-like substances that can be marketed to the construction industry as aggregate for use in blocks, brick, gravel and paper. Meanwhile, the process transforms organic materials into syngas that can be converted into electricity and liquid fuels. The entire conversion process occurs in containment so no emissions are released.
“[Plasma gasification] is finally becoming very cost effective,” says Lou Circeo, director of plasma gasification research at Georgia Tech Research Institute. Circeo has been involved with plasma gasification technology for more than 30 years and is considered an expert in the field. He says that one of the key advantages of plasma gasification is the flexibility of feedstock types it can convert. “As a matter of fact, it’s almost like the ‘perfect storm’ right now,” he says. “We’ve finally reached a point where it’s actually going to be cheaper to take garbage to a plasma plant and make energy than it is to take the garbage and just dump it into a landfill.” Read More: http://www.biomassmagazine.com/article.jsp?article_id=2144&q=&page=1
WLSA: Biomass Magazine on Plasma Gasification: Proving Out Plasma Gasification.
Researchers believe that the economics are right for using plasma gasification technology to convert municipal solid waste into energy. It’s just a matter of getting that first commercial plant built in the United States for it to catch on.
By Bryan Sims
Although recycling and collection strategies have been optimized over time, the rapid accumulation of municipal solid waste (MSW) is stressing landfills and prompting many county and city governments to find new ways to cost-effectively dispose of MSW and offset volatile energy costs. One technology that has garnered attention as a solution to this problem is plasma arc gasification technology.
Plasmas—also known as the fourth state of matter—are gases that have been heated to thAe point of ionization and passed between two electrodes that create an electrical arc.
This arc breaks waste down primarily into elemental gas and solid waste (or slag) in a device called a plasma converter. Charged particles such as electrons conduct electricity and generate heat equivalent to the surface temperature of the sun. The heat rips apart compounds and converts inorganic solids (vitrified ash) into glass-like substances that can be marketed to the construction industry as aggregate for use in blocks, brick, gravel and paper. Meanwhile, the process transforms organic materials into syngas that can be converted into electricity and liquid fuels. The entire conversion process occurs in containment so no emissions are released.
“[Plasma gasification] is finally becoming very cost effective,” says Lou Circeo, director of plasma gasification research at Georgia Tech Research Institute. Circeo has been involved with plasma gasification technology for more than 30 years and is considered an expert in the field. He says that one of the key advantages of plasma gasification is the flexibility of feedstock types it can convert. “As a matter of fact, it’s almost like the ‘perfect storm’ right now,” he says. “We’ve finally reached a point where it’s actually going to be cheaper to take garbage to a plasma plant and make energy than it is to take the garbage and just dump it into a landfill.” Read More: http://www.biomassmagazine.com/article.jsp?article_id=2144&q=&page=1
February 17th, 2009: President Obama signed the American Recovery and Reinvestment Act into law; a $100,000,000,000 incentive concerning "green" investment.
August 11th, 2009: Wireless Age Communications, Inc. acquired majority interest in Sunbay Energy Corp. and exclusive rights to participation in renewable energy projects in Canada and the United States of America.
August 19th, 2009: Wireless Age Communications, Inc. announced intent to change its name to Sunbay Energy America Inc., a renewable energy company primarily focused on plasma gasification projects in Port Hope ("Sunbay Port Hope), and the United States ("the United States projects").
More on WLSA's $300,000,000 Connecticut-based project: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41255008
SPNG: ESPN Senior Writer Keown's Marketing perspective on the company.
Tuesday, September 15, 2009
What the heck's SpongeTech?
By Tim Keown
If you try to avoid the SpongeTech logo, you won't see many sporting events these days.
For further proof the world seeps into our consciousness through our peripheral vision, we present SpongeTech, a company in the process of demanding your attention, a little at a time.
One year ago yesterday, nobody had heard of SpongeTech. But then the economy collapsed and Lehman Brothers folded and AIG went bankrupt and now you can't watch a sporting event without at least being vaguely aware of the words "SpongeTech: America's Cleaning Company." And most of the time, if you see the SpongeTech advertising, whether it's behind home plate or along the sideline at the U.S. Open tennis tournament or NFL games or at bass fishing tournaments, you're probably going to ask yourself, "What the heck is SpongeTech?"
We'll get to that. But first, the strange part: There is a direct connection between the collapse of our financial institutions and the sudden visibility of a sponge company. SpongeTech is a New York-based company, and after the meltdown the people who run it had an idea: They would approach professional sports teams with the idea of taking over in-stadium advertising space previously used by companies that were either defunct or not interested in taking huge bailout funds and having to answer questions about why they're spending to litter America's backstops.
With the advertising market destroyed, SpongeTech made deals with teams desperate to fill space and cash checks. They made a big push in Madison Square Garden and went from there. "We took up a lot of the advertising space that had been used by AIG," says SpongeTech COO Steven Moskowitz. He says it almost apologetically, but it makes sense. It was the perfect opportunity buy, and the SpongeTech suits were smart enough to lock into three-year deals at the down-market rates, thereby ensuring that anybody who wants to learn about the company won't have to worry about forgetting it exists, providing it still does.
Now SpongeTech is in 26 big league ballparks, seven NFL stadiums, a few hockey -- and one NBA -- arenas. Saturday was a huge day for SpongeTech, mostly because Serena Williams chose to blow a gasket in the U.S. Open semifinal directly in front of the SpongeTech logo. The only thing better would have been if they'd cleaned her potty mouth with one of the products -- PuddlePal, anyone?
While Serena was unwittingly furthering the SpongeTech cause, what else was happening? "On Sunday you could watch us on three different networks at any one time," Moskowitz says proudly. "And in New York alone, there were 60,000 at the U.S. Open, almost 50,000 at the Yankee game and almost 80,000 at the Giants game. All of them saw our ads."
So, what the heck is SpongeTech? It bills itself as "America's Cleaning Company," which conjures images of an army of janitors swarming office buildings as soon as the last briefcase hits the sidewalk. SpongeTech is officially called "SpongeTech Delivery Systems," which further confuses the issue. The delivery system in question is the delivery of the soap to the object that needs to be cleaned -- dog, kid, countertop, '79 Dodge Dart -- brought to you courtesy of the pre-soaped sponge that makes the company what it is.
Yes, that's what SpongeTech is, a company that makes sponges with built-in soap, a process that removes the taxing and potentially messy procedure of actually adding the soap yourself. They make sponges for cleaning pets, homes, kids, cars, boats -- if it needs to be cleaned, there's a pretty good chance they've got a sponge to fit the occasion. And best of all, you don't have to be your own delivery system. That'll free your mind.
Moskowitz says the increased exposure has paid off exponentially. I didn't get sales figures, but he says, "We've had a tremendous increase. The response has been way beyond anything we could have imagined, but we never could have afforded this if the economy hadn't gone in the tank."
OK, so why sports? Why would a company that makes car sponges and baby-bath sponges and SpongeBob sponges (for real) think ballparks were the best place to showcase those products? Wouldn't it seem logical to advertise on Nickelodeon and HGTV and NASCAR races?
And since they've chosen to target us, what do they know about us that we don't know about ourselves?
"It seemed like a natural fit," Moskowitz says. "It's baseball, apple pie and Chevrolet, and everybody that has a car has to wash it. So it's perfect."
OK. Go on.
"The demographics are the same," he says. "The same people who follow sports and attend sporting events are the same people who wash their cars and their pets. You know, you've got Petco Park -- sports and pets go together."
OK. That's a little like saying everybody who watches a sporting event eats, so it makes sense for a company that sells food to advertise at a ballgame. And, well, it does. Can't argue with any of it.
Maybe a bigger reason for the sudden ubiquity of SpongeTech is this: Moskowitz is a big sports fan. He saw an opening, and he took it. If you've read this far, it's working.
And of course, the advertising onslaught has created a world of sports fans who know SpongeTech products as well as they know McDonald's, right?
"No, but we're hoping we get there," Moskowitz says. "Right now most of the people are still asking, 'What the heck's SpongeTech?'"
http://sports.espn.go.com/espn/page2/story?page=keown/090915
Thank you for the article. It was interesting to gain a perspective on this company aside from the equity portion...
Nice addition. I've the feeling important announcements are on the horizon. I cannot stress enough the exposure that a strong CC will potentially yield.
Of small banks under $3.00, I felt DEAR was in an optimum position to outperform competitors and furthermore survive, meaning the market will adjust at one point in time.
Sunbay Energy America: according to John Simmonds the name change has been filed for. The name change will also be accompanied by a ticker (symbol) change.
The process requires approval, which requires time. Wireless Age Communications, Inc. is hopeful the name change is completed this month. As a result, the new title will set off a significant chain of bullish events for this company.
Obama says he's expecting 'good health care bill'.
Obama, backing down from gov't option, says he expects 'good health care bill' from Congress.
By Steven R. Hurst, Associated Press Writer
On Sunday September 13, 2009, 7:00 pm EDT
WASHINGTON (AP) -- President Barack Obama said he is confident Congress will pass "a good health care bill," as months of rancor over reforming the nation's health care system seemed to be easing Sunday, with the White House playing down an immediate role for a government insurance option.
At the same time, Obama was critical of Republican opponents who he said were trying to block an overhaul of the nation's heath care system for political gain.
"I believe that we will have enough votes to pass not just any health care bill, but a good health care bill that helps the American people, reduces costs, actually over the long-term controls our deficit. I'm confident that we've got that," Obama said in an interview broadcast Sunday on CBS' "60 Minutes. "There are those in the Republican party who think the best thing to do is just to kill reform. That that will be good politics."
Obama has retaken the offensive on his key domestic policy issue, most notably with a speech last week to both houses of Congress. And sought to turn down the heat over a government-run health insurance plan.
"The public option is only a means to that end and we should remain open to other ideas that accomplish our ultimate goal," he said.
Obama is trying to push opposing lawmakers away from positions -- both left and right -- that were threatening stalemate. That's what happened when Bill Clinton, the last Democratic president, tried to push through an overhaul in the 1990s.
Obama's spokesman, Robert Gibbs, drove home that point again Sunday.
The president "prefers the public option," Gibbs said. "However, he said what's most important is choice and competition."
And Sen. Olympia Snowe, the Maine Republican who could be the party's only senator who votes with Democrats, believes choice and competition can be ensured without the public option.
"It's not on the table. And it won't be," she said Sunday. "We'll be using the co-op as an option at this point, as the means for injecting competition in the process," she said.
Snowe sits on a six-member panel -- three from each party -- of the Senate Finance Committee that is writing a version of the health care overhaul bill.
Instead of the government running a program that provides low-cost health insurance, Snowe and fellow negotiators are considering a not-for-profit cooperative system. Those backing the measure contend it would substantially lower health insurance premiums by cutting out private-industry profits and guarantee coverage to all who want it.
Such systems exist in some areas of the country but their success has been spotty.
And Obama will have to be convinced that such a plan can succeed.
"I have no interest in having a bill get passed that fails. That doesn't work," Obama told CBS. "You know, I intend to be president for a while and once this bill passes, I own it."
Obama wants to make sure that any overhaul imposes strict measures to ban companies from refusing insurance to people with existing medical conditions, dropping coverage when policyholders become ill and imposing caps on what a person can claim for one illness or in his lifetime.
He told CBS he didn't want Americans to say in the future: "'You know what? This hasn't reduced my costs. My premiums are still going up 25 percent, insurance companies are still jerking me around.'
"I'm the one who's going to be held responsible," Obama said. "So I have every incentive to get this right."
Obama is trying to sweeten the deal for Republicans by indicating he is open to their ideas.
In his Wednesday speech and again in the CBS interview, the president signaled he was open the idea of so-called tort reform. Under current practice, doctors and hospitals must pay huge amounts to insure themselves against malpractice lawsuits by patients seeking large court-ordered settlements for poor treatment.
Democrats, thanks to heavy backing from lawyers, have not supported Republican efforts to limit such payments. Doctors -- and Republican politicians -- say the current system drives up costs through unneeded medical procedures ordered by physicians who fear being sued.
"I would be willing to ... consider any ideas out there that would actually work in terms of reducing costs, improving the quality of patient care," Obama said in the Sunday interview, which was taped Friday.
While he said he did not back limits on court-ordered rewards for malpractice, he said "there are a range of ideas that are out there, offered by doctors' organizations like the AMA (American Medical Association), that I think we can explore."
Gibbs spoke on CNN's "State of the Union." Snowe appeared on CBS' "Face the Nation."
Scan: Fav. 5 Most Liquid (NYSE, NASDAQ, AMEX):
ETFC
DRYS
HBAN
RTK
FNM
Scan: Fav. 5 Most Liquid (NYSE, NASDAQ, AMEX):
ETFC
DRYS
HBAN
RTK
FNM
Lawrence Delevingne on "Ten Bubbles in the Making" writes:
"Green bubble: Green has been everywhere. With observers saying the "Age of Cleantech and Biotech" will be the next major economic revolution, and Washington pouring billions of dollars into alternative energy projects, you'd think a bubble would have already formed. But, as we noted this spring, it did not, at least from an investment perspective."
http://finance.yahoo.com/tech-ticker/article/325783/Ten-Bubbles-in-the-Making?
In other words, room for value investors to speculate remains...
Ten Bubbles in the Making.
Sep 11, 2009 09:17am EDT
by Lawrence Delevingne
One year after America's brush with economic catastrophe, there's plenty of looking back at the bubbles that caused financial chaos.
But what's next?
There are surely dangerous economic bubbles forming as we speak. As Alan Greenspan warned this week, "They [financial crises] are all different, but they have one fundamental source," he said. "That is the unquenchable capability of human beings when confronted with long periods of prosperity to presume that it will continue."
The trick, of course, is spotting them. By definition, most people don't spot a bubble before they form and burst.
Here's 10 for which you should be on alert:
1. China bubble: Despite the weak global economy, the Chinese stock market has soared like crazy this year. But many believe the rally has been driven purely by government-supplied liquidity, rather than fundamentals. The fear is that companies are flush with cash, but have little "real" to do with the cash, so they're parking it in the stock market casino. The Chinese real estate market appears to be on a similar trajectory.
2. Green bubble: Green has been everywhere. With observers saying the "Age of Cleantech and Biotech" will be the next major economic revolution, and Washington pouring billions of dollars into alternative energy projects, you'd think a bubble would have already formed. But, as we noted this spring, it did not, at least from an investment perspective.
Still, as the economic recovery takes shape, alternative energy could see excess investment on hopes of big future returns. There's plenty of hype left, and if investors regain the cash to get in the game, could green become the next internet or housing bubble?
3. Gold bubble: Gold prices just keep going up. They've risen for seven straight years, recently breaking $1,000 per ounce.
Is it a bubble? Right now, it doesn't look too bad. Gold is good in both inflationary and deflationary periods, as it holds wealth tangibly. And, as the Telegraph notes, there's real demand, especially from China.
But with some predicting a doubling of prices to $2,000 an ounce, too many people could jump in and spike the real value of the precious metal. The "rise forever" mentality usually means trouble.
4. Federal Reserve bubble: Is the Fed saving the financial system or creating another dangerous credit bubble by snapping up mortgage-backed securities?
At first glance, the Fed's effort to clean up mortgage-backed securities is a winner. But, as Heidi Moore wrote for Slate's The Big Money, the Fed is actually creating a bubble similar to the one it's trying to do damage control on. By eagerly trying to save banks and stabilize the housing market, Washington is taking on too much: $1.25 trillion of mortgaged-backed securities, including both the original toxic assets and products of foreclosures to come. So who would bail the Fed out? You.
Click here to view the 10 bubbles in the make slide show.
5. Trash stock bubble: There's a rush to trash going on. Stocks like Fannie Mae (FNM), Freddie Mac (FRE), AIG (AIG) and even GM made big runs in August -- trading in trash financials made up nearly one-third of NYSE's August volume.
So why are people buying junk? Charlie Gasparino says shares of junk financials -- companies like Fannie, Freddie, AIG, Citi and Bank of America -- are being pushed up by a short squeeze. The Wall Street Journal suspects its high frequency traders. And others say its retail speculation and day traders getting their way while Wall Street went on vacation.
6. Education bubble: More people are going back to college and taking on huge debt to do it, despite questions about what the degree is really worth.
Last year, the amount borrowed by students and received by schools grew some 25% over the previous year, to $75.1 billion. That's a huge amount, especially with weak, low-paying job prospects for graduates in this economy.
As we've noted, all this student loan debt is crazy. Despite the desire to see more subsidization of college, we suspect there will be a collapse in student loan debt availability and desire to take on new debt.
Short of telling kids not to go to college, something's going to give.
The pop may be starting already. As Bloomberg reports, as many as one-third of all private colleges surveyed said they expected enrollment to drop in the next academic year. And almost 40 percent of those colleges said some of their students dropped out due to personal economic reasons and a quarter said full-time attendees switched to part time. Half said families had to cut back their expected contributions as the value of college savings plans dropped 21 percent last year.
7. Subprime bubble, 2.0: What are banks doing with all those subprime mortgages? They're repackaging with a higher rating -- "re-securitization of real estate mortgage investment conduits" -- and selling them.
As we've noted, it's a plan nearly identical to the complicated investment packages of the financial crisis a year ago. That being said, the problem was not strictly securitization, but the underlying housing bubble. So the return of complicated products isn't necessarily the end of the world.
8. Life insurance securitization bubble: In its search for new profits, Wall Street is planning on securitizing “life settlements" -- policies that the sick and elderly can sell for cash while they're alive -- much like it did subprime mortgages. The New York Times warns that we could be looking at subprime all over again.
Maybe. As we've noted, it wasn't securitization that caused the financial meltdown. It was the bursting of the housing bubble. Yes, there was a feedback loop, whereby securitization allowed more money to flow towards housing, but it seems unlikely that "life settlements" would get big enough to infect all portions of the financial world.
9. Commercial real estate bubble: This bubble is already hissing, if not popping outright.
While the economy is improving and some home sales are slowly coming back, the commercial real estate market could get far worse.
As The New York Times reports, "Even though industry lobbyists were able to persuade Congress to extend a loan program aimed at prodding the stalled securitization market back to life, several analysts said it was unlikely to head off a spate of defaults, foreclosures and bankruptcies that could surpass the devastating real estate crash of the early 1990s."
As UPI notes, commercial mortgage defaults could reach 4.1 percent by the end of the year, up from 2.25 percent in the first quarter, and Real Capital Analytics estimates commercial property loans worth $83 billion have been involved in default, foreclosure or bankruptcy in 2009.
Badly hit will likely be malls. "The next financial tsunami to hit will be the widespread failure of shopping center mortgages," says Peter Monroe, co-chair of REOMAC, a not for profit trade association to CNBC. "Half a trillion dollars of commercial loans financed on historically low rates, are due for refinancing in the next three years," says Monroe. "The negative impact of these shopping center mortgages is enormous."
10. Emerging market bubble: It's not just China. Risk-tolerant investors are bidding up emerging market shares to valuations not seen in 9 years. With an average PE of 20x, they're not in bubble territory just yet, but watch for things to get out of hand.
I asked myself the same set of questions several months back. Possibly the most critical component to this project, I took these inquires to John Simmonds who calmly responded to each. I would advice you to contact him directly with these and/or other inquires; his conversations comprised of informative responses as well as additional information present on this thread.
So unless they have the cash in hand now, then they will have to raise it somehow. I am concerned about any further dilution, potentially massive dilution, to cover upfront costs.
As was mentioned the company does have cash on hand. Would you kindly state the date when last the company issued shares in the market? The issued and outstanding share count (61,261,592) has not changed since I came across Wireless Age Communications, Inc. nearly three months back.
The issued and outstanding is also to be reduced to by >30M shares shortly. Europlasma will be financing the Port Hope, Ontario project with their own equity.
I would be far less concerned if they were to borrow the money from a bank, etc. since that doe not affect share equity directly.
Whether an institution, Canadian or American Bank, Simmonds has made it clear that several parties are interested in financing the Connecticut project.
...there are going to be some, out of pocket, upfront startup costs running several hundreds of thousands of dollars, that have to be borne by this company if they become the prime contractor. They cannot pass these costs onto the customer, at least, not for quite a while.
Do they have this kind of money available? Or are they going to have to sell some more shares to raise capital?
Months back Simmonds confirmed that the company had raised capital for various start-up costs, including the cash they used to acquire Sunbay Energy Corp (if you can recall the cash portion of the acquisition).
Europlasma's interest in financing the Port Hope, Ontario plasma gasification project is a high ROI.
The Connecticut projects are in the best interests of the The Metropolitan District (MDC) and/or The Connecticut Resources Recovery Authority (CRRA). Without a remedy to the controversial level of ash produced from incineration, the organizations will be put out of business.
Here are some quick facts for you:
*Resource Recovery Facilities (RRFs) are incineration plants producing electricity by burning waste ("waste-to-energy").
*RRFs treat 57% of municipal solid waste (MSW) generated in the state of Connecticut.
*Contracts that supply MSW to Connecticut’s RRF facilities will expire over the next two to fourteen years.
*2,168,850 tons of MSW will need alternative treatment.
*Connecticut is more reliant on waste-to-energy facilities than any other state in the country.
Ref.: http://www.ct.gov/dep/lib/dep/waste_management_and_disposal/solid_waste_management_plan/swmp_final_exec_summary12-06.pdf
They cannot pass these costs onto the customer, at least, not for quite a while.
Their primary consumer is the government of Connecticut, in Connecticut, and the government of Ontario for Port Hope, Ontario. Their revenue will consist of long-term power purchase and feedstock arrangements (already in place with the incinerators in Connecticut). In terms of the Port Hope, Ontario deal, the company is to sign a LOI with the Ontario Power Authority shortly, following recent negotiations. The feedstock arrangement is already secured by a LOI with Turtle Island Recycling.
I've experienced a problem with them this evening as well...
This market is due for an update from the company. Regardless of whether it be a strategic alliance with a multi-million/multi-billion dollar enterprise or a deal closing announcement, I expect John Simmonds will arrange a conference call within the short term to introduce all the events currently taking place with Wireless Age Communications, Inc.
What are your thoughts on it srloan?
DEAR: rallied as high as $1.78 (+78%) on 35x average volume...
09.08.09
TimelessWealth.net issues technical trading idea with Dearborn Bancorp Inc., stock symbol DEAR ($1.00)
Dear Subscriber,
TimelessWealth.net has issued a technical trading idea with Dearborn Bancorp Inc. (DEAR), following a reversal signal on Tuesday’s trading session. Since its 52-week high ($6.99), Dearborn Bancorp has lost ~89% of its market value as the price bottomed at a 52-week low ($0.80), on Friday’s trading session. Our complimentary technical analysis succeeds here.
Dearborn Bancorp Inc. operates as the bank holding company for Fidelity Bank, which provides commercial banking services in Michigan. It offers various deposit products, including checking accounts, savings accounts, money market accounts, certificates of deposit, business checking, and direct deposits. As of April 21, 2009, Dearborn Bancorp operates 18 offices in Wayne, Oakland, Macomb and Washtenaw Counties. Read more
Dearborn Bancorp’s market capitalization embodies a miniscule $7,687,470, based on 7.68M shares issued and outstanding, whereas the industry average for Midwest Banks is $39,650,000, representing a potential 516% return on investment (ROI), in the event the market adjusts. Their total cash on hand is approximately six fold their market cap, or approximately $5.90 per share. The float comprises of 6.4M shares according to finviz.com, a site providing leading financial research, analysis and visualization.
Dearborn Bancorp Inc. is not among the problematic banks listed with the FDIC, therefore we believe the market will adjust to fair value. Book value per common share, $11.43, represents a potential 1043% ROI. Dearborn Bancorp Inc. is in better shape than the vast majority of its competitors, while reserving an undervalued presence in the equity market.
We strongly encourage you review this trading idea with further research. Our report is designed to cover key technical and fundamental concepts while providing a starting point with due diligence material. All the best.
Sincerely,
Edward Stevenson.
Timeless Wealth Staff.
http://timelesswealth.net/alerts/alert_09082009.html
It takes two to tango, likewise in the equity market it takes the participation of a buyer as well as a seller for a transaction to occur. The churning action between $0.10-$0.12 is a bullish sign of accumulation taking place.
WLSA: Seasoned Executives handling a multi-million dollar outlook.
John G. Simmonds, Chairman and CEO Wireless Age Communications, Inc. (WSLA), has spent the past few decades generating hundreds of millions of dollars after restructuring and developing start-up companies.
A few highlights derived from his biography, follow in cronological order:
In 1981 Simmonds purchased Dynacharge out of bankruptcy for $100,000 and sold it four years later for $10 million, to Duracell.
In 1989, Mr. Simmonds purchased the first of many golf courses, Cherry Downs, a private 18-hole golf course located just north of Toronto, Canada. Cherry Downs was later sold into a public company, which became Clublink Corporation (TO: LNK) and today is the largest golf course operation in Canada, with enterprise value over $1B.
In 1991, as a director of company, Simmonds aided in taking Glenayre Electronics public on the Nasdaq for $80,000,000. The company peaked at $3,000,000,000 in the early nineties.
In 1996, Simmonds sold Intek Diversified (IDCC) for $500,000,000 to Securicor of Engand.
Simmonds’ most favorable trait has been his consistency in structuring effective management teams. In light of what he is certain becomes a successful renewable energy venture, Simmonds has adjoined Jordan Oxley, President Sunbay Energy Corp., an intellectual, with a background in finance, economics, and philosophy. For a lengthy period of time, Oxley’s occupation was in the banking sector as a venture capitalist, collaborating with seasoned executives. He began his career working closely with the Governor of the Bank of Canada. He holds degrees in Philosophy, Economics, and International Relations, studying at Queen's University, the University of Edinburgh, and the London School of Economics. More on Jordan Oxley: http://timelesswealth.net/sunbay_team.html
Joining Simmonds and Oxley are veteran politicians:
Stein Lal, Director Sunbay Energy Corp., a former Minister of the Environment of Ontario (Canada). More on Lal: http://timelesswealth.net/sunbay_team.html
David Tsubouchi, Board of Advisors Sunbay Energy Corp., a former Cabinet Minister in several provincial jurisdictions. More on Tsubouchi: http://timelesswealth.net/sunbay_team2.html
--------------------------------------------------------------
Wireless Age to Enter Plasma Gasification Sector.
Wireless Age Communications, Inc., announced today that it has entered into a letter of intent with PowerPlay Energy Corp. ("PowerPlay") and Sunbay Energy Corp. ("Sunbay") to acquire the exclusive rights to develop Sunbay plasma gasification opportunities in the United States of America (the "USA Rights") and to acquire 60% of the issued and outstanding shares of Sunbay Port Hope Inc. ("Sunbay Port Hope").
...The Company has agreed to acquire the USA Rights and control of Sunbay Port Hope in exchange for seven million five hundred thousand (7,500,000) common shares of Newlook Industries Corp ("Newlook") and approximately $270,000 US in cash and forgiveness of debt. The Company will also enter into a management services agreement with PowerPlay to utilize the expertise of Mr. Jordan Oxley and his team. Mr. Oxley has over 7 years experience in clean energy development and he will become an integral part of the Wireless Age management team moving forward.
...Sunbay Port Hope was organized to pursue a Sunbay biomass plasma gasification project in Port Hope, Ontario, Canada. Sunbay has entered into an exclusive developer agreement with Europlasma SA for Canada.
..."We also expect that Wireless Age and Newlook will complete our previously announced restructuring of debt as well as a name change for Wireless Age. The Port Hope project alone should provide Wireless Age with over $2M in net income once it is operational."
http://www.marketwire.com/press-release/Wireless-Age-Communications-Inc-PINK-SHEETS-WLSA-1020384.html
--------------------------------------------------------------
With the Port Hope project alone, Wireless Age generates over $2M in net income. This figure may be used to derive EPS: $2,000,000 in net income/27,600,000 issued and outstanding (assuming the restricted stock cancellation has closed)= $0.0724 EPS.
Diversified Utilities has an average P/E ratio of 9.5
http://biz.yahoo.com/p/913conameu.html
$0.0724 EPS x 9.5 P/E = $0.69 valuation...based solely on the Sunbay Port Hope project.
--------------------------------------------------------------
Sunbay Energy America & the $300,000,000+ project in Connecticut: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41255008
WLSA: Seasoned Executives handling a multi-million dollar outlook.
John G. Simmonds, Chairman and CEO Wireless Age Communications, Inc. (WSLA), has spent the past few decades generating hundreds of millions of dollars after restructuring and developing start-up companies.
A few highlights derived from his biography, follow in cronological order:
In 1981 Simmonds purchased Dynacharge out of bankruptcy for $100,000 and sold it four years later for $10 million, to Duracell.
In 1989, Mr. Simmonds purchased the first of many golf courses, Cherry Downs, a private 18-hole golf course located just north of Toronto, Canada. Cherry Downs was later sold into a public company, which became Clublink Corporation (TO: LNK) and today is the largest golf course operation in Canada, with enterprise value over $1B.
In 1991, as a director of company, Simmonds aided in taking Glenayre Electronics public on the Nasdaq for $80,000,000. The company peaked at $3,000,000,000 in the early nineties.
In 1996, Simmonds sold Intek Diversified (IDCC) for $500,000,000 to Securicor of Engand.
Simmonds’ most favorable trait has been his consistency in structuring effective management teams. In light of what he is certain becomes a successful renewable energy venture, Simmonds has adjoined Jordan Oxley, President Sunbay Energy Corp., an intellectual, with a background in finance, economics, and philosophy. For a lengthy period of time, Oxley’s occupation was in the banking sector as a venture capitalist, collaborating with seasoned executives. He began his career working closely with the Governor of the Bank of Canada. He holds degrees in Philosophy, Economics, and International Relations, studying at Queen's University, the University of Edinburgh, and the London School of Economics. More on Jordan Oxley: http://timelesswealth.net/sunbay_team.html
Joining Simmonds and Oxley are veteran politicians:
Stein Lal, Director Sunbay Energy Corp., a former Minister of the Environment of Ontario (Canada). More on Lal: http://timelesswealth.net/sunbay_team.html
David Tsubouchi, Board of Advisors Sunbay Energy Corp., a former Cabinet Minister in several provincial jurisdictions. More on Tsubouchi: http://timelesswealth.net/sunbay_team2.html
--------------------------------------------------------------
Wireless Age to Enter Plasma Gasification Sector.
Wireless Age Communications, Inc., announced today that it has entered into a letter of intent with PowerPlay Energy Corp. ("PowerPlay") and Sunbay Energy Corp. ("Sunbay") to acquire the exclusive rights to develop Sunbay plasma gasification opportunities in the United States of America (the "USA Rights") and to acquire 60% of the issued and outstanding shares of Sunbay Port Hope Inc. ("Sunbay Port Hope").
...The Company has agreed to acquire the USA Rights and control of Sunbay Port Hope in exchange for seven million five hundred thousand (7,500,000) common shares of Newlook Industries Corp ("Newlook") and approximately $270,000 US in cash and forgiveness of debt. The Company will also enter into a management services agreement with PowerPlay to utilize the expertise of Mr. Jordan Oxley and his team. Mr. Oxley has over 7 years experience in clean energy development and he will become an integral part of the Wireless Age management team moving forward.
...Sunbay Port Hope was organized to pursue a Sunbay biomass plasma gasification project in Port Hope, Ontario, Canada. Sunbay has entered into an exclusive developer agreement with Europlasma SA for Canada.
..."We also expect that Wireless Age and Newlook will complete our previously announced restructuring of debt as well as a name change for Wireless Age. The Port Hope project alone should provide Wireless Age with over $2M in net income once it is operational."
http://www.marketwire.com/press-release/Wireless-Age-Communications-Inc-PINK-SHEETS-WLSA-1020384.html
--------------------------------------------------------------
With the Port Hope project alone, Wireless Age generates over $2M in net income. This figure may be used to derive EPS: $2,000,000 in net income/27,600,000 issued and outstanding (assuming the restricted stock cancellation has closed)= $0.0724 EPS.
Diversified Utilities has an average P/E ratio of 9.5
http://biz.yahoo.com/p/913conameu.html
$0.0724 EPS x 9.5 P/E = $0.69 valuation...based solely on the Sunbay Port Hope project.
--------------------------------------------------------------
Sunbay Energy America & the $300,000,000+ project in Connecticut: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41255008
WLSA: Sunbay Energy America & the $300,000,000+ project in Connecticut.
February 17th, 2009: President Obama signed the American Recovery and Reinvestment Act into law; a $100,000,000,000 incentive concerning "green" investment.
August 11th, 2009: Wireless Age Communications, Inc. acquired majority interest in Sunbay Energy Corp. and exclusive rights to participation in renewable energy projects in Canada and the United States of America.
August 19th, 2009: Wireless Age Communications, Inc. announced intent to change its name to Sunbay Energy America Inc.
Four key things to help you understand the Waste Management movement in Connecticut.
*Resource Recovery Facilities (RRFs) are incineration plants producing electricity by burning waste ("waste-to-energy").
*RRFs treat 57% of municipal solid waste (MSW) generated in the state of Connecticut.
*Contracts that supply MSW to Connecticut’s RRF facilities will expire over the next two to fourteen years.
*2,168,850 tons of MSW will need alternative treatment.
Plasma gasification is an inexpensive, efficient and renewable energy solution involving thermal treatment of waste.
Wireless Age Communications, Inc. will benefit from:
(1)Plasma gasification operations across the state of Connecticut comprising of feedstock and long-term power purchase agreements already in place (with government organizations);
(2)The resale of plasma torch technology (attained at a discount from exclusive partner, Europlasma).
Note: These operations may potentially reflect a fourth quarter (Q4) 2009 income in the seven figures...read more: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41193682
John G. Simmonds, Chairman and CEO Wireless Age Communications, Inc. has spent decades collecting hundreds of millions of dollars after restructuring and developing start-up companies.
In 1981 Simmonds purchased Dynacharge out of bankruptcy for $100,000 and sold it four years later for $10 million, to Duracell.
In 1989, Mr. Simmonds purchased the first of many golf courses, Cherry Downs, a private 18-hole golf course located
just north of Toronto, Canada. Cherry Downs was later sold into a public company, which became Clublink Corporation (TO: LNK) and today is the largest golf course operation in Canada, with enterprise value over $1B.
In 1991, as a director of company, Simmonds aided in taking Glenayre Electronics public on the Nasdaq for $80,000,000. The company peaked at $3,000,000,000 in the early nineties.
In 1996, Simmonds sold Intek Diversified (IDCC) for $500,000,000 to Securicor of Engand.
Simmonds continues to gather key individuals in structuring a successful renewable energy company:
Jordan Oxley, President Sunbay Energy Corp., is an intellectual, with a background in finance, economics, and philosophy. For a lengthy period of time, his occupation was in the banking sector as a venture capitalist, collaborating with seasoned executives. He began his career working closely with the Governor of the Bank of Canada. He holds degrees in Philosophy, Economics, and International Relations, studying at Queen's University, the University of Edinburgh, and the London School of Economics. Read More: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40825310
Stein Lal, Director Sunbay Energy Corp., joined the public service of Ontario in 1988 as the Deputy Minister in the Ministry of the Solicitor General and since then has held that position in five other ministries retiring from the public service 2001 as the Deputy Minister of the Ministry of the Environment. Stein Lal has served in the capacity of Deputy Minister under all three governments...read more: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40826367
David Tsubouchi, Board of Advisors Sunbay Energy Corp., is an associate counsel in the Business Law Group of Miller Thomson LLP in Markham. Mr. Tsubouchi brings a wealth of experience from the public sector as an elected official municipally and provincially. His background as Chair of an investment bank brings additional experience in financing and securities...read more: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=39801009
Weekly Chart.
WLSA: Sunbay Energy America & the $300,000,000+ project in Connecticut.
February 17th, 2009: President Obama signed the American Recovery and Reinvestment Act into law; a $100,000,000,000 incentive concerning "green" investment.
August 11th, 2009: Wireless Age Communications, Inc. acquired majority interest in Sunbay Energy Corp. and exclusive rights to participation in renewable energy projects in Canada and the United States of America.
August 19th, 2009: Wireless Age Communications, Inc. announced intent to change its name to Sunbay Energy America Inc.
Four key things to help you understand the Waste Management movement in Connecticut.
*Resource Recovery Facilities (RRFs) are incineration plants producing electricity by burning waste ("waste-to-energy").
*RRFs treat 57% of municipal solid waste (MSW) generated in the state of Connecticut.
*Contracts that supply MSW to Connecticut’s RRF facilities will expire over the next two to fourteen years.
*2,168,850 tons of MSW will need alternative treatment.
Plasma gasification is an inexpensive, efficient and renewable energy solution involving thermal treatment of waste.
Wireless Age Communications, Inc. will benefit from:
(1)Plasma gasification operations across the state of Connecticut comprising of feedstock and long-term power purchase agreements already in place (with government organizations);
(2)The resale of plasma torch technology (attained at a discount from exclusive partner, Europlasma).
Note: These operations may potentially reflect a fourth quarter (Q4) 2009 income in the seven figures...read more: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41193682
John G. Simmonds, Chairman and CEO Wireless Age Communications, Inc. has spent decades collecting hundreds of millions of dollars after restructuring and developing start-up companies.
In 1981 Simmonds purchased Dynacharge out of bankruptcy for $100,000 and sold it four years later for $10 million, to Duracell.
In 1989, Mr. Simmonds purchased the first of many golf courses, Cherry Downs, a private 18-hole golf course located
just north of Toronto, Canada. Cherry Downs was later sold into a public company, which became Clublink Corporation (TO: LNK) and today is the largest golf course operation in Canada, with enterprise value over $1B.
In 1991, as a director of company, Simmonds aided in taking Glenayre Electronics public on the Nasdaq for $80,000,000. The company peaked at $3,000,000,000 in the early nineties.
In 1996, Simmonds sold Intek Diversified (IDCC) for $500,000,000 to Securicor of Engand.
Simmonds continues to gather key individuals in structuring a successful renewable energy company:
Jordan Oxley, President Sunbay Energy Corp., is an intellectual, with a background in finance, economics, and philosophy. For a lengthy period of time, his occupation was in the banking sector as a venture capitalist, collaborating with seasoned executives. He began his career working closely with the Governor of the Bank of Canada. He holds degrees in Philosophy, Economics, and International Relations, studying at Queen's University, the University of Edinburgh, and the London School of Economics. Read More: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40825310
Stein Lal, Director Sunbay Energy Corp., joined the public service of Ontario in 1988 as the Deputy Minister in the Ministry of the Solicitor General and since then has held that position in five other ministries retiring from the public service 2001 as the Deputy Minister of the Ministry of the Environment. Stein Lal has served in the capacity of Deputy Minister under all three governments...read more: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40826367
David Tsubouchi, Board of Advisors Sunbay Energy Corp., is an associate counsel in the Business Law Group of Miller Thomson LLP in Markham. Mr. Tsubouchi brings a wealth of experience from the public sector as an elected official municipally and provincially. His background as Chair of an investment bank brings additional experience in financing and securities...read more: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=39801009
Weekly Chart.
Gold Above $1,000: Indicative of an Imminent Market Fall?
by: Peter Cooper September 08, 2009 | about: GLD
Gold prices sprinted past the $1,000 an ounce mark this morning, and silver climbed even faster to approach $17. But this might also be taken as a warning that investors are about to shift out of stocks which are looking very overbought.
Shares have enjoyed a huge rally in most markets since the lows of March and have been riding for a fall for more than a month. Last week investors also ominously moved money heavily into bonds, depressing yields, and the gold and silver price surge may represent another shift to risk aversion.
$1,000 barrier
Will the gold and silver price rises hold this time? Gold has challenged the $1,000 barrier several times over the past year only to fall back.
If global stock markets now do suddenly take a tumble, correct or crash then precious metals are going to be sold down heavily to meet margin calls, although that will depend on how the players have positioned themselves after the experience of last year.
If that happens it is a great buying opportunity for the precious metals, and even more so for their shares which are leveraged against the ups and the downs of the underlying metals. For the really brave this could be the last big chance to buy junior exploration stocks at bargain levels.
Real gold bugs will be saying that gold has passed $1,000 and that the only way is up. True, it could be that gold surges higher to $1,200 or more over the next couple of weeks and then has a correction and still stays above $1,000.
Parabolic stage?
It certainly will not be a straight line upwards unless gold has entered its parabolic phase and speculation in the yellow metal is not nearly universal enough just yet for that to happen. But it could be starting. The encouragement being given to 1.3 billion Chinese to invest in precious metals does look like the start of this ball rolling.
So if you are not in the precious metals market it is perhaps high time to buy some gold and silver, although for gold and silver equities there might be a better opportunity to come in the market correction that looks inevitable after the 50 per cent plus rallies. Indeed, the very strength of the gold price today is a portent of near term stock market weakness.
Why Silver Beats Gold as a Precious Metals Play.
by: Dividend Inc September 08, 2009 | about: CDE / HL / SLV / SSRI
I watch with subsumed glee as Yahoo Finance includes a price quote for gold in the Market Summary section on their home page. After all the financial turmoil that we've been through since the introduction of the internet, when did Yahoo Finance realize that a gold quote was necessary? The obvious answer is, "When the public demands it."
Well, when the public finally demands the price quote of gold on their finance homepage, it is probably too late to participate in gold on a level that could be considered meaningful. After all, at nearly $1000 an ounce, there isn't going to be a stock split in the price of gold. Or is there? (I've been pondering this possibility lately) In any event, gold is fast becoming an expensive asset in a world full of correspondingly deflating alternative "assets." What to do? What to do? Get out there and do your research on silver!
I say do your research on silver because if I told you that, regardless of the Hunt Brothers cornering the silver market in the 70's, the price of silver always outpaces gold on a percentage basis by a ridiculous margin, you'd probably laugh in my face. But as you should know, silver is the "poor man's gold" and coincidentally, there are more "poor" men than rich men can afford to buy.
When I first bought gold and silver back in 1996 (in bulk and never purchased again), I knew that I was getting a bargain. When I exchanged 75% of my gold for silver in 2008, I knew I was committing highway robbery. I've always noted that "gold bugs" were blinded by the historical significance of the yellow metal, while at the same time claiming that they were investors who used gold as a form of insurance against government mismanagement of paper currency.
The real deal is in the price of silver. While gold has run up 259% since I purchased it, silver has gone up only 266% in the same period. This means that silver hasn't appreciated as much as it historically should relative to the price of gold. Which begs the question, what should we expect silver to do relative to gold? I have my own calculations for the future price of gold and silver. But more importantly, let's look at what history has to offer us.
I like chopping everything into halves. This means that if the Hunt Brothers' cornering of the silver market brought the price of silver to $50 then the real price probably should have been $25. From this vantage we now have to choose a starting point. Where did the price of silver start out?
For illustrative purposes, let's start with the bottom of 1932 and compare silver with gold. At the low in 1932, silver was priced as low as $0.24 an ounce. Gold, on the other hand, was fixed at $20.67 per ounce. At the peak of the market in 1980, gold was selling at $800 an ounce while silver was selling at $50 an ounce. During the period from 1932 to 1980, gold went up 3,770% while silver went up 20,730%.
Gold bugs, ever clinging to their religion, would argue that silver was cornered so the $50 figure was a fraud. Gold bugs would also claim that if gold was allowed to freely float during the crisis of 1929-1932 then gold would have been much higher than the price of silver in 1932. These arguments demonstrate a lack of knowledge on how commodity markets work, basic economics and history in one fell swoop.
For the aforementioned reasons, I will calculate the change of silver from $0.24 to $25. Despite halving the figure, silver still achieves an astounding 10,316% increase from the low of 1932. Any way you slice it, the ratios are completely disfigured and in favor of silver. I could have started my pricing point in the 1950's, 1960's or the 1970's and the distortion would be the same but that would be an exercise in futility when talking to a gold bug. Their retort is always the same, "what about this?" or "You're being selective" or "You're biased" or etc. etc. etc. ad infinitum...
Back to me and my silver holdings: when the price of silver has moved in step with the price of gold, on a percentage basis, then I know that silver is underpriced as a precious metal. With this in mind, I converted a majority of my gold holdings into silver. I'm an investor, therefore I don't want to get myself caught up in the religious debates about gold.
So, if (note the size of the if) you're considering taking the dive into gold then move on to the alternative. I suggest that you avoid the numismatic varieties of silver. Instead, aim for junk silver of the half dollar denominations. Again, only buy precious metals as part of a balanced diet of physical real estate, stocks, bonds and cash.
In my opinion, gold and silver stocks are perpetual options on the price of gold and silver. Therefore, precious metal stocks are great for speculation but poor investment choices (gold stock highs and lows from 1924 to 1933). Be mindful of the coming competitive dividend war between precious metal companies. I remember one, now defunct, gold company that paid out their dividend in actual ounces of gold. These are all gimmicks to lure investors in at a time when the rule of the day should be "head to the exits."
The most obvious choices for silver stocks are Silver Standard Resources (SSRI), Hecla Mining (HL) and Coeur d'Alene Mines (CDE). A better target for a play on the price of silver is the iShares Silver Trust ETF (SLV).
If you've read my blog at any length then you already know of the Dividend Achievers that have beat both gold and silver stocks without the added risk during the raging bull market in precious metals from 1970 to 1980. However, if you're a hardened equity speculator, you could nab select gold and silver convertible preferreds with decent payouts. Equities aren't my first choice for investing in silver but now you know some of the options available to you.
A Note of Caution for All Precious Metal Investors
As the price of the precious metals get higher, the less likely you'll get the widely quoted price when trying to cash in. Precious metal dealers, being business folk, will not be willing or able to take the risk of buying back your gold and silver at the highest quoted price. Therefore, even though gold was at $800 and silver was at $50 back in 1980, investors who tried to cash in at those prices were being turned away by dealers. This will be one of the signs that we're at a top in the market for precious metals.
When you read the following article on silver, you need to understand that I have a vested interest in the topic. Therefore, I theoretically should say things that only support the investment positions that I retain.
Unfortunately, I don't see (revealing my limitations) the value of the philosophy of "whose food I eat, whose song I sing." Additionally, it would be no contradiction that I would explore and write about the breadth of both sides of the topic of precious metals investing.
Why Silver Beats Gold as a Precious Metals Play.
by: Dividend Inc September 08, 2009 | about: CDE / HL / SLV / SSRI
I watch with subsumed glee as Yahoo Finance includes a price quote for gold in the Market Summary section on their home page. After all the financial turmoil that we've been through since the introduction of the internet, when did Yahoo Finance realize that a gold quote was necessary? The obvious answer is, "When the public demands it."
Well, when the public finally demands the price quote of gold on their finance homepage, it is probably too late to participate in gold on a level that could be considered meaningful. After all, at nearly $1000 an ounce, there isn't going to be a stock split in the price of gold. Or is there? (I've been pondering this possibility lately) In any event, gold is fast becoming an expensive asset in a world full of correspondingly deflating alternative "assets." What to do? What to do? Get out there and do your research on silver!
I say do your research on silver because if I told you that, regardless of the Hunt Brothers cornering the silver market in the 70's, the price of silver always outpaces gold on a percentage basis by a ridiculous margin, you'd probably laugh in my face. But as you should know, silver is the "poor man's gold" and coincidentally, there are more "poor" men than rich men can afford to buy.
When I first bought gold and silver back in 1996 (in bulk and never purchased again), I knew that I was getting a bargain. When I exchanged 75% of my gold for silver in 2008, I knew I was committing highway robbery. I've always noted that "gold bugs" were blinded by the historical significance of the yellow metal, while at the same time claiming that they were investors who used gold as a form of insurance against government mismanagement of paper currency.
The real deal is in the price of silver. While gold has run up 259% since I purchased it, silver has gone up only 266% in the same period. This means that silver hasn't appreciated as much as it historically should relative to the price of gold. Which begs the question, what should we expect silver to do relative to gold? I have my own calculations for the future price of gold and silver. But more importantly, let's look at what history has to offer us.
I like chopping everything into halves. This means that if the Hunt Brothers' cornering of the silver market brought the price of silver to $50 then the real price probably should have been $25. From this vantage we now have to choose a starting point. Where did the price of silver start out?
For illustrative purposes, let's start with the bottom of 1932 and compare silver with gold. At the low in 1932, silver was priced as low as $0.24 an ounce. Gold, on the other hand, was fixed at $20.67 per ounce. At the peak of the market in 1980, gold was selling at $800 an ounce while silver was selling at $50 an ounce. During the period from 1932 to 1980, gold went up 3,770% while silver went up 20,730%.
Gold bugs, ever clinging to their religion, would argue that silver was cornered so the $50 figure was a fraud. Gold bugs would also claim that if gold was allowed to freely float during the crisis of 1929-1932 then gold would have been much higher than the price of silver in 1932. These arguments demonstrate a lack of knowledge on how commodity markets work, basic economics and history in one fell swoop.
For the aforementioned reasons, I will calculate the change of silver from $0.24 to $25. Despite halving the figure, silver still achieves an astounding 10,316% increase from the low of 1932. Any way you slice it, the ratios are completely disfigured and in favor of silver. I could have started my pricing point in the 1950's, 1960's or the 1970's and the distortion would be the same but that would be an exercise in futility when talking to a gold bug. Their retort is always the same, "what about this?" or "You're being selective" or "You're biased" or etc. etc. etc. ad infinitum...
Back to me and my silver holdings: when the price of silver has moved in step with the price of gold, on a percentage basis, then I know that silver is underpriced as a precious metal. With this in mind, I converted a majority of my gold holdings into silver. I'm an investor, therefore I don't want to get myself caught up in the religious debates about gold.
So, if (note the size of the if) you're considering taking the dive into gold then move on to the alternative. I suggest that you avoid the numismatic varieties of silver. Instead, aim for junk silver of the half dollar denominations. Again, only buy precious metals as part of a balanced diet of physical real estate, stocks, bonds and cash.
In my opinion, gold and silver stocks are perpetual options on the price of gold and silver. Therefore, precious metal stocks are great for speculation but poor investment choices (gold stock highs and lows from 1924 to 1933). Be mindful of the coming competitive dividend war between precious metal companies. I remember one, now defunct, gold company that paid out their dividend in actual ounces of gold. These are all gimmicks to lure investors in at a time when the rule of the day should be "head to the exits."
The most obvious choices for silver stocks are Silver Standard Resources (SSRI), Hecla Mining (HL) and Coeur d'Alene Mines (CDE). A better target for a play on the price of silver is the iShares Silver Trust ETF (SLV).
If you've read my blog at any length then you already know of the Dividend Achievers that have beat both gold and silver stocks without the added risk during the raging bull market in precious metals from 1970 to 1980. However, if you're a hardened equity speculator, you could nab select gold and silver convertible preferreds with decent payouts. Equities aren't my first choice for investing in silver but now you know some of the options available to you.
A Note of Caution for All Precious Metal Investors
As the price of the precious metals get higher, the less likely you'll get the widely quoted price when trying to cash in. Precious metal dealers, being business folk, will not be willing or able to take the risk of buying back your gold and silver at the highest quoted price. Therefore, even though gold was at $800 and silver was at $50 back in 1980, investors who tried to cash in at those prices were being turned away by dealers. This will be one of the signs that we're at a top in the market for precious metals.
When you read the following article on silver, you need to understand that I have a vested interest in the topic. Therefore, I theoretically should say things that only support the investment positions that I retain.
Unfortunately, I don't see (revealing my limitations) the value of the philosophy of "whose food I eat, whose song I sing." Additionally, it would be no contradiction that I would explore and write about the breadth of both sides of the topic of precious metals investing.
Excellent to hear Obi, all the best to you & yours.
Gold Above $1,000: Indicative of an Imminent Market Fall?
by: Peter Cooper September 08, 2009 | about: GLD
Gold prices sprinted past the $1,000 an ounce mark this morning, and silver climbed even faster to approach $17. But this might also be taken as a warning that investors are about to shift out of stocks which are looking very overbought.
Shares have enjoyed a huge rally in most markets since the lows of March and have been riding for a fall for more than a month. Last week investors also ominously moved money heavily into bonds, depressing yields, and the gold and silver price surge may represent another shift to risk aversion.
$1,000 barrier
Will the gold and silver price rises hold this time? Gold has challenged the $1,000 barrier several times over the past year only to fall back.
If global stock markets now do suddenly take a tumble, correct or crash then precious metals are going to be sold down heavily to meet margin calls, although that will depend on how the players have positioned themselves after the experience of last year.
If that happens it is a great buying opportunity for the precious metals, and even more so for their shares which are leveraged against the ups and the downs of the underlying metals. For the really brave this could be the last big chance to buy junior exploration stocks at bargain levels.
Real gold bugs will be saying that gold has passed $1,000 and that the only way is up. True, it could be that gold surges higher to $1,200 or more over the next couple of weeks and then has a correction and still stays above $1,000.
Parabolic stage?
It certainly will not be a straight line upwards unless gold has entered its parabolic phase and speculation in the yellow metal is not nearly universal enough just yet for that to happen. But it could be starting. The encouragement being given to 1.3 billion Chinese to invest in precious metals does look like the start of this ball rolling.
So if you are not in the precious metals market it is perhaps high time to buy some gold and silver, although for gold and silver equities there might be a better opportunity to come in the market correction that looks inevitable after the 50 per cent plus rallies. Indeed, the very strength of the gold price today is a portent of near term stock market weakness.
Wireless Age Communications, Inc. on my end. How are you?
WLSA Chart:
Daily.
Weekly.
WLSA: Seasoned Executives handling a multi-million dollar outlook.
John G. Simmonds, Chairman and CEO Wireless Age Communications, Inc. (WSLA), has spent the past few decades generating hundreds of millions of dollars after restructuring and developing start-up companies.
A few highlights derived from his biography, follow in cronological order:
In 1981 Simmonds purchased Dynacharge out of bankruptcy for $100,000 and sold it four years later for $10 million, to Duracell.
In 1989, Mr. Simmonds purchased the first of many golf courses, Cherry Downs, a private 18-hole golf course located just north of Toronto, Canada. Cherry Downs was later sold into a public company, which became Clublink Corporation (TO: LNK) and today is the largest golf course operation in Canada, with enterprise value over $1B.
In 1991, as a director of company, Simmonds aided in taking Glenayre Electronics public on the Nasdaq for $80,000,000. The company peaked at $3,000,000,000 in the early nineties.
In 1996, Simmonds sold Intek Diversified (IDCC) for $500,000,000 to Securicor of Engand.
Simmonds’ most favorable trait has been his consistency in structuring effective management teams. In light of what he is certain becomes a successful renewable energy venture, Simmonds has adjoined Jordan Oxley, President Sunbay Energy Corp., an intellectual, with a background in finance, economics, and philosophy. For a lengthy period of time, Oxley’s occupation was in the banking sector as a venture capitalist, collaborating with seasoned executives. He began his career working closely with the Governor of the Bank of Canada. He holds degrees in Philosophy, Economics, and International Relations, studying at Queen's University, the University of Edinburgh, and the London School of Economics. More on Jordan Oxley: http://timelesswealth.net/sunbay_team.html
Joining Simmonds and Oxley are veteran politicians:
Stein Lal, Director Sunbay Energy Corp., a former Minister of the Environment of Ontario (Canada). More on Lal: http://timelesswealth.net/sunbay_team.html
David Tsubouchi, Board of Advisors Sunbay Energy Corp., a former Cabinet Minister in several provincial jurisdictions. More on Tsubouchi: http://timelesswealth.net/sunbay_team2.html
--------------------------------------------------------------
Wireless Age to Enter Plasma Gasification Sector.
Wireless Age Communications, Inc., announced today that it has entered into a letter of intent with PowerPlay Energy Corp. ("PowerPlay") and Sunbay Energy Corp. ("Sunbay") to acquire the exclusive rights to develop Sunbay plasma gasification opportunities in the United States of America (the "USA Rights") and to acquire 60% of the issued and outstanding shares of Sunbay Port Hope Inc. ("Sunbay Port Hope").
...The Company has agreed to acquire the USA Rights and control of Sunbay Port Hope in exchange for seven million five hundred thousand (7,500,000) common shares of Newlook Industries Corp ("Newlook") and approximately $270,000 US in cash and forgiveness of debt. The Company will also enter into a management services agreement with PowerPlay to utilize the expertise of Mr. Jordan Oxley and his team. Mr. Oxley has over 7 years experience in clean energy development and he will become an integral part of the Wireless Age management team moving forward.
...Sunbay Port Hope was organized to pursue a Sunbay biomass plasma gasification project in Port Hope, Ontario, Canada. Sunbay has entered into an exclusive developer agreement with Europlasma SA for Canada.
..."We also expect that Wireless Age and Newlook will complete our previously announced restructuring of debt as well as a name change for Wireless Age. The Port Hope project alone should provide Wireless Age with over $2M in net income once it is operational."
http://www.marketwire.com/press-release/Wireless-Age-Communications-Inc-PINK-SHEETS-WLSA-1020384.html
--------------------------------------------------------------
With the Port Hope project alone, Wireless Age generates over $2M in net income. This figure may be used to derive EPS: $2,000,000 in net income/27,600,000 issued and outstanding (assuming the restricted stock cancellation has closed)= $0.0724 EPS.
Diversified Utilities has an average P/E ratio of 9.5
http://biz.yahoo.com/p/913conameu.html
$0.0724 EPS x 9.5 P/E = $0.69 valuation...based solely on the Sunbay Port Hope project.
--------------------------------------------------------------
Sunbay Energy America & the $300,000,000+ project in Connecticut: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41255008
WLSA: Seasoned Executives handling a multi-million dollar outlook.
John G. Simmonds, Chairman and CEO Wireless Age Communications, Inc. (WSLA), has spent the past few decades generating hundreds of millions of dollars after restructuring and developing start-up companies.
A few highlights derived from his biography, follow in cronological order:
In 1981 Simmonds purchased Dynacharge out of bankruptcy for $100,000 and sold it four years later for $10 million, to Duracell.
In 1989, Mr. Simmonds purchased the first of many golf courses, Cherry Downs, a private 18-hole golf course located just north of Toronto, Canada. Cherry Downs was later sold into a public company, which became Clublink Corporation (TO: LNK) and today is the largest golf course operation in Canada, with enterprise value over $1B.
In 1991, as a director of company, Simmonds aided in taking Glenayre Electronics public on the Nasdaq for $80,000,000. The company peaked at $3,000,000,000 in the early nineties.
In 1996, Simmonds sold Intek Diversified (IDCC) for $500,000,000 to Securicor of Engand.
Simmonds’ most favorable trait has been his consistency in structuring effective management teams. In light of what he is certain becomes a successful renewable energy venture, Simmonds has adjoined Jordan Oxley, President Sunbay Energy Corp., an intellectual, with a background in finance, economics, and philosophy. For a lengthy period of time, Oxley’s occupation was in the banking sector as a venture capitalist, collaborating with seasoned executives. He began his career working closely with the Governor of the Bank of Canada. He holds degrees in Philosophy, Economics, and International Relations, studying at Queen's University, the University of Edinburgh, and the London School of Economics. More on Jordan Oxley: http://timelesswealth.net/sunbay_team.html
Joining Simmonds and Oxley are veteran politicians:
Stein Lal, Director Sunbay Energy Corp., a former Minister of the Environment of Ontario (Canada). More on Lal: http://timelesswealth.net/sunbay_team.html
David Tsubouchi, Board of Advisors Sunbay Energy Corp., a former Cabinet Minister in several provincial jurisdictions. More on Tsubouchi: http://timelesswealth.net/sunbay_team2.html
--------------------------------------------------------------
Wireless Age to Enter Plasma Gasification Sector.
Wireless Age Communications, Inc., announced today that it has entered into a letter of intent with PowerPlay Energy Corp. ("PowerPlay") and Sunbay Energy Corp. ("Sunbay") to acquire the exclusive rights to develop Sunbay plasma gasification opportunities in the United States of America (the "USA Rights") and to acquire 60% of the issued and outstanding shares of Sunbay Port Hope Inc. ("Sunbay Port Hope").
...The Company has agreed to acquire the USA Rights and control of Sunbay Port Hope in exchange for seven million five hundred thousand (7,500,000) common shares of Newlook Industries Corp ("Newlook") and approximately $270,000 US in cash and forgiveness of debt. The Company will also enter into a management services agreement with PowerPlay to utilize the expertise of Mr. Jordan Oxley and his team. Mr. Oxley has over 7 years experience in clean energy development and he will become an integral part of the Wireless Age management team moving forward.
...Sunbay Port Hope was organized to pursue a Sunbay biomass plasma gasification project in Port Hope, Ontario, Canada. Sunbay has entered into an exclusive developer agreement with Europlasma SA for Canada.
..."We also expect that Wireless Age and Newlook will complete our previously announced restructuring of debt as well as a name change for Wireless Age. The Port Hope project alone should provide Wireless Age with over $2M in net income once it is operational."
http://www.marketwire.com/press-release/Wireless-Age-Communications-Inc-PINK-SHEETS-WLSA-1020384.html
--------------------------------------------------------------
With the Port Hope project alone, Wireless Age generates over $2M in net income. This figure may be used to derive EPS: $2,000,000 in net income/27,600,000 issued and outstanding (assuming the restricted stock cancellation has closed)= $0.0724 EPS.
Diversified Utilities has an average P/E ratio of 9.5
http://biz.yahoo.com/p/913conameu.html
$0.0724 EPS x 9.5 P/E = $0.69 valuation...based solely on the Sunbay Port Hope project.
--------------------------------------------------------------
Sunbay Energy America & the $300,000,000+ project in Connecticut: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41255008
WLSA: Seasoned Executives handling a multi-million dollar outlook.
John G. Simmonds, Chairman and CEO Wireless Age Communications, Inc. (WSLA), has spent the past few decades generating hundreds of millions of dollars after restructuring and developing start-up companies.
A few highlights derived from his biography, follow in cronological order:
In 1981 Simmonds purchased Dynacharge out of bankruptcy for $100,000 and sold it four years later for $10 million, to Duracell.
In 1989, Mr. Simmonds purchased the first of many golf courses, Cherry Downs, a private 18-hole golf course located just north of Toronto, Canada. Cherry Downs was later sold into a public company, which became Clublink Corporation (TO: LNK) and today is the largest golf course operation in Canada, with enterprise value over $1B.
In 1991, as a director of company, Simmonds aided in taking Glenayre Electronics public on the Nasdaq for $80,000,000. The company peaked at $3,000,000,000 in the early nineties.
In 1996, Simmonds sold Intek Diversified (IDCC) for $500,000,000 to Securicor of Engand.
Simmonds’ most favorable trait has been his consistency in structuring effective management teams. In light of what he is certain becomes a successful renewable energy venture, Simmonds has adjoined Jordan Oxley, President Sunbay Energy Corp., an intellectual, with a background in finance, economics, and philosophy. For a lengthy period of time, Oxley’s occupation was in the banking sector as a venture capitalist, collaborating with seasoned executives. He began his career working closely with the Governor of the Bank of Canada. He holds degrees in Philosophy, Economics, and International Relations, studying at Queen's University, the University of Edinburgh, and the London School of Economics. More on Jordan Oxley: http://timelesswealth.net/sunbay_team.html
Joining Simmonds and Oxley are veteran politicians:
Stein Lal, Director Sunbay Energy Corp., a former Minister of the Environment of Ontario (Canada). More on Lal: http://timelesswealth.net/sunbay_team.html
David Tsubouchi, Board of Advisors Sunbay Energy Corp., a former Cabinet Minister in several provincial jurisdictions. More on Tsubouchi: http://timelesswealth.net/sunbay_team2.html
--------------------------------------------------------------
Wireless Age to Enter Plasma Gasification Sector.
Wireless Age Communications, Inc., announced today that it has entered into a letter of intent with PowerPlay Energy Corp. ("PowerPlay") and Sunbay Energy Corp. ("Sunbay") to acquire the exclusive rights to develop Sunbay plasma gasification opportunities in the United States of America (the "USA Rights") and to acquire 60% of the issued and outstanding shares of Sunbay Port Hope Inc. ("Sunbay Port Hope").
...The Company has agreed to acquire the USA Rights and control of Sunbay Port Hope in exchange for seven million five hundred thousand (7,500,000) common shares of Newlook Industries Corp ("Newlook") and approximately $270,000 US in cash and forgiveness of debt. The Company will also enter into a management services agreement with PowerPlay to utilize the expertise of Mr. Jordan Oxley and his team. Mr. Oxley has over 7 years experience in clean energy development and he will become an integral part of the Wireless Age management team moving forward.
...Sunbay Port Hope was organized to pursue a Sunbay biomass plasma gasification project in Port Hope, Ontario, Canada. Sunbay has entered into an exclusive developer agreement with Europlasma SA for Canada.
..."We also expect that Wireless Age and Newlook will complete our previously announced restructuring of debt as well as a name change for Wireless Age. The Port Hope project alone should provide Wireless Age with over $2M in net income once it is operational."
http://www.marketwire.com/press-release/Wireless-Age-Communications-Inc-PINK-SHEETS-WLSA-1020384.html
--------------------------------------------------------------
With the Port Hope project alone, Wireless Age generates over $2M in net income. This figure may be used to derive EPS: $2,000,000 in net income/27,600,000 issued and outstanding (assuming the restricted stock cancellation has closed)= $0.0724 EPS.
Diversified Utilities has an average P/E ratio of 9.5
http://biz.yahoo.com/p/913conameu.html
$0.0724 EPS x 9.5 P/E = $0.69 valuation...based solely on the Sunbay Port Hope project.
--------------------------------------------------------------
Sunbay Energy America & the $300,000,000+ project in Connecticut: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41255008
Clean, Efficient, American Energy.
To put people back to work today and reduce our dependence on foreign oil tomorrow, we are seeking to double our renewable energy production and renovate public buildings to make them more energy efficient. The energy provisions of the American Recovery and Reinvestment Act, signed into law by President Obama on February 17, will create more than 500,000 jobs, and accelerate deployment of smart grid technology, provide energy efficiency funds for the nation’s schools, offer support for the nation’s governors and mayors to tackle their energy challenges, and establish a new loan guarantee program to keep our transition to renewable energy on track during the economic crisis.
"… this approach is a win-win for a strong economy and a healthier environment. With green investments of close to $100 Billion, this bill will create good jobs for people here in America and reduce our dependence on dirtier energy sources. The Sierra Club praises Congress for promoting the shift to wind and solar power, high energy performance low carbon cars and buildings, mass transit, and a modernized water and transportation infrastructure." [Sierra Club, 2/11/09]
“..this economic recovery package …will deliver jobs and green infrastructure to America. The bill makes smart investments that will jumpstart the economy, help sustain future growth, and meet the challenges of the 21st century… The recovery package includes bold investments for renewable energy and efficiency… Renewable energy grants will help struggling businesses cope with the economic climate and advance technology that harnesses the power of the wind and sun…The economic recovery package reflects the commitment by Congress to fulfill President Obama’s vision for a clean energy future.”[Natural Resources Defense Council, 2/13/09]
Smart Grid /Advanced Battery Technology/Energy Efficiency ($34 billion)
•Smart Grid: Transforms the nation’s electricity systems through the Smart Grid Investment Program to modernize the electricity grid to make it more efficient and reliable. This will jumpstart smart grid demonstration projects in geographically diverse areas, increase federal matching grants for smart grid technology (20% to 50%) including “Smart Meters” that give consumer more choice in their energy consumption at home, and spur research and development. Build new power lines that can transmit clean, renewable energy from sources throughout the nation. ($11 billion)
•Renewable Energy Power: Guarantees up to $60 billion in loans for renewable energy power generation and electric transmission projects that begin in the next two years. These guaranteed loans would help ease credit constraints for renewable energy investors and spur new private sector investment over the next three years. ($6 billion)
•Advance Battery Technology: Supports U.S. development of advanced vehicle batteries and battery systems through loans and grants so that America can lead the world in transforming the way automobiles are powered. Also includes other initiatives to promote the use of alternative fuel vehicles by the federal government. ($2.3 billion)
•State and Local Energy Programs: Helps state and local governments make investments for innovative best practices to achieve greater energy efficiency and reduce energy usage, including building and home energy conservation programs, energy audits, fuel conservation programs, building retrofits, and "Smart Growth" planning and zoning. Also encourages states to align their utility regulation with energy efficiency goals and to adopt updated energy-efficient building codes. ($6.3 billion)
•Energy Efficient Appliance Rebates: Provides consumer rebates to buy energy efficient appliances to replace old ones to lower energy bills. ($300 million)
•Energy Research: Spurs energy efficiency and renewable energy research, development, demonstration, and deployment activities at universities, companies, and national laboratories to foster energy independence, reduce carbon emissions, and cut utility bills. ($2.5 billion)
•ARPA-E: Invests in the Advanced Research Project Agency-Energy (ARPA-E) to support high-risk, high-payoff research into energy sources and energy efficiency in collaboration with private industry and universities. ($400 million)
•Carbon Capture & Sequestration: Makes key investments in carbon capture and sequestration technology demonstration projects to work toward making coal part of the solution and reducing the amount of carbon dioxide emitted from industrial facilities and fossil fuel power plants. ($3.4 billion)
•Training for Green Collar Jobs: Invests in training of workers for green-collar jobs. ($500 million)
•Other Energy Efficiency Investments: Invests in other energy efficiency programs, including alternative fuel trucks and buses, transportation charging infrastructure, and diesel emissions reduction. ($1 billion)
...Tax Incentives to Spur Energy Savings and Green Jobs ($20 billion over 10 years)
•Tax Credit for Renewable Energy: Extends for three years the production tax credit (PTC) for electricity derived from wind (through 2012) and for electricity derived from biomass, geothermal, hydropower, landfill gas, and waste-to-energy facilities (through 2013).
•Easing Credit Crunch for Renewable Energy: Provides grants of up to 30 percent of the cost of building a new renewable energy facility in 2009 and 2010 or permits that business to claim a 30 percent investment credit instead of a production tax credit.
•Energy Efficient Home Tax Credits: Promotes energy efficient investments in homes by extending and expanding tax credits through 2010 for investments such as new furnaces, energy-efficient windows and doors, or insulation. Increases the credit from 10 percent to 30 percent of the cost of the investment and raises the credit cap from $500 to $1,500, saving American families money on their energy bills.
•Plug-in Hybrid Tax Credit: Spurs the next generation of cars by providing a tax credit for families that purchase plug-in hybrid and all-electric vehicles of up to $7,500.
•Renewable Energy Bonds: Provides clean renewable energy bonds for state and local governments, electric cooperatives and public power companies to finance renewable energy facilities to generate electricity.
•Investment in Advance Energy Manufacturing: Establishes a new manufacturing investment tax credit for advanced energy facilities, such as facilities that manufacture components for the production of renewable energy, advanced battery technology, and other innovative next-generation green technologies.
•Alternative Fuel Pumps: Increases incentives to install pumps that dispense alternative fuels including E85, biodiesel, hydrogen, and natural gas. More of these fuel pumps are needed for consumers with flex-fuel and alternative fuel vehicles.
http://www.speaker.gov/newsroom/legislation?id=0273#energy
WLSA: Sunbay Energy America & the $300,000,000 project in Connecticut.
February 17th, 2009: President Obama signed the American Recovery and Reinvestment Act into law; a $100,000,000,000 incentive concerning "green" investment.
August 11th, 2009: Wireless Age Communications, Inc. acquired majority interest in Sunbay Energy Corp. and exclusive rights to participation in renewable energy projects in Canada and the United States of America.
August 19th, 2009: Wireless Age Communications, Inc. announced intent to change its name to Sunbay Energy America Inc.
Four key things to help you understand the Waste Management movement in Connecticut.
*Resource Recovery Facilities (RRFs) are incineration plants producing electricity by burning waste ("waste-to-energy").
*RRFs treat 57% of municipal solid waste (MSW) generated in the state of Connecticut.
*Contracts that supply MSW to Connecticut’s RRF facilities will expire over the next two to fourteen years.
*2,168,850 tons of MSW will need alternative treatment.
Plasma gasification is an inexpensive, efficient and renewable energy solution involving thermal treatment of waste.
Wireless Age Communications, Inc. will benefit from:
(1)Plasma gasification operations across the state of Connecticut comprising of feedstock and long-term power purchase agreements already in place (with government organizations);
(2)The resale of plasma torch technology (attained at a discount from exclusive partner, Europlasma).
Note: These operations may potentially reflect a fourth quarter (Q4) 2009 income in the seven figures...read more: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41193682
John G. Simmonds, Chairman and CEO Wireless Age Communications, Inc. has spent decades collecting hundreds of millions of dollars after restructuring and developing start-up companies.
In 1981 Simmonds purchased Dynacharge out of bankruptcy for $100,000 and sold it four years later for $10 million, to Duracell.
In 1989, Mr. Simmonds purchased the first of many golf courses, Cherry Downs, a private 18-hole golf course located
just north of Toronto, Canada. Cherry Downs was later sold into a public company, which became Clublink Corporation (TO: LNK) and today is the largest golf course operation in Canada, with enterprise value over $1B.
In 1991, as a director of company, Simmonds aided in taking Glenayre Electronics public on the Nasdaq for $80,000,000. The company peaked at $3,000,000,000 in the early nineties.
In 1996, Simmonds sold Intek Diversified (IDCC) for $500,000,000 to Securicor of Engand.
Simmonds continues to gather key individuals in structuring a successful renewable energy company:
Jordan Oxley, President Sunbay Energy Corp., is an intellectual, with a background in finance, economics, and philosophy. For a lengthy period of time, his occupation was in the banking sector as a venture capitalist, collaborating with seasoned executives. He began his career working closely with the Governor of the Bank of Canada. He holds degrees in Philosophy, Economics, and International Relations, studying at Queen's University, the University of Edinburgh, and the London School of Economics. Read More: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40825310
Stein Lal, Director Sunbay Energy Corp., joined the public service of Ontario in 1988 as the Deputy Minister in the Ministry of the Solicitor General and since then has held that position in five other ministries retiring from the public service 2001 as the Deputy Minister of the Ministry of the Environment. Stein Lal has served in the capacity of Deputy Minister under all three governments...read more: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40826367
David Tsubouchi, Board of Advisors Sunbay Energy Corp., is an associate counsel in the Business Law Group of Miller Thomson LLP in Markham. Mr. Tsubouchi brings a wealth of experience from the public sector as an elected official municipally and provincially. His background as Chair of an investment bank brings additional experience in financing and securities...read more: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=39801009
Weekly Chart.
SPNG: Crown Equity Holdings, Inc.: SpongeTech Delivery Systems Announces Reverse Stock Split to Move Closer to NASDAQ Listing.
Sep 08, 2009 (M2 PRESSWIRE via COMTEX) -- Las Vegas CRWENews.com is pleased to announce a stock highlight on SpongeTech Delivery Systems, Inc. ("SpongeTech") "The Smarter Sponge", (OTCBB: SPNG) today September 8, 2009 announced that its Board of Directors has unanimously approved a reverse split of SpongeTech 's issued and outstanding capital stock at a 1-for-100 split ratio.
The reverse stock split, which is expected to take effect on September 22, 2009, subject to receipt of necessary regulatory approvals, has also been approved by the holders of more than a majority of SpongeTech's voting capital stock.
The same 1-for-100 reverse stock split ratio will be used to effect the reverse stock split of SpongeTech 's issued and outstanding common stock, Class B Stock and preferred stock.
Accordingly, all stockholders will be affected proportionately. "This reverse stock split - which we believe will bring our company's Wall Street profile in synch with our business profile - is another important step in the development of SpongeTech," said CEO Michael Metter. "Combined with our recent engagement of Deloitte Touche LLP as our public accountants and our plan to apply for a NASDAQ listing, the reverse stock split demonstrates our commitment to establishing SpongeTech as a world-class company whose capital structure, operations and infrastructure all match the impressive sales growth we are achieving.
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SpongeTech(R) Delivery Systems, Inc. Invests $4 Million in GetFugu, Inc.
SpongeTech(R): See It, Say It, Find It, Get It!
NEW YORK, Sep 08, 2009 (BUSINESS WIRE) -- SpongeTech(R) Delivery Systems, Inc. ("SpongeTech") "The Smarter Sponge(TM)", (OTCBB: SPNG - News) announced today that the Company has agreed to invest $4 million in GetFugu, Inc. ("GetFugu"), a technology company that focuses on developing mobile search tools. The investment is a result of GetFugu's successful customization of its mobile based web search and e-commerce technology specifically designed for SpongeTech. Investment banking firm, Cresta Capital Strategies LLC, was the advisor on the transaction. SpongeTech will be the first company to utilize GetFugu's innovative mobile search platform.
GetFugu will point SpongeTech consumers to the nearest retail location that carries SpongeTech products based on the GPS functionality available in most mobile phones and/or be automatically connected to SpongeTech's corporate Internet e-commerce portal to buy SpongeTech products on-line. The unique "See It," vision recognition (ARL) "Say It," voice recognition (VRL); "Find It," location recognition (GRL); and "Get It," Hot-Spotting services is targeted at the growing surge of the world's population that regularly utilize mobile phones to search for entertainment, news, sports, shopping, and every other thing available on the Internet.
"SpongeTech expects to be in over 100,000 locations nationwide by the end of the year. Purchases of our products are primarily impulse oriented, driven by our extensive branding and advertising campaigns. As we look to immediately satisfy our customers demand, utilizing the most personal and accessible device available, GetFugu will literally change the way consumers behave," commented COO of SpongeTech, Steven Moskowitz.
The following video, http://spongetech.getfugu.com, demonstrates how a consumer seeing a SpongeTech TV ad utilizes the GetFugu platform to purchase a SpongeTech product. SpongeTech: See It, Say It, Find It, Get It!
"Since SpongeTech derives most of their revenue from television advertising, it makes sense for them to partner with a company they believe could accomplish this breakthrough in technology, which will result in a sales engine never before seen," commented Rich Jenkins, GetFugu's co-founder and head of business development.
GetFugu, Inc. (OTCBB: GFGU.OB) is the first technology architect to provide a carrier agnostic, platform agnostic mobile search platform. GetFugu will change the way people access the web with their mobile phones. It is designed to encourage use of its applications by simply integrating the mobile phones' core strengths (image recognition, voice recognition, location recognition) into a single customizable application. Additionally, GetFugu offers the only mobile hot-spotting ecommerce platform available worldwide today. The GetFugu platform will be available for 97% of the mobile phones available (over 3.3 billion handsets) worldwide. For more information on GetFugu, visit: www.getfugu.com.
For more information, please contact Investor Relations at 1-877-SPONGE-T, and/or visit the Company's website at: www.spongetechinc.com
WLSA: Sunbay Energy America & the $300,000,000+ project in Connecticut.
February 17th, 2009: President Obama signed the American Recovery and Reinvestment Act into law; a $100,000,000,000 incentive concerning "green" investment.
August 11th, 2009: Wireless Age Communications, Inc. acquired majority interest in Sunbay Energy Corp. and exclusive rights to participation in renewable energy projects in Canada and the United States of America.
August 19th, 2009: Wireless Age Communications, Inc. announced intent to change its name to Sunbay Energy America Inc.
Four key things to help you understand the Waste Management movement in Connecticut.
*Resource Recovery Facilities (RRFs) are incineration plants producing electricity by burning waste ("waste-to-energy").
*RRFs treat 57% of municipal solid waste (MSW) generated in the state of Connecticut.
*Contracts that supply MSW to Connecticut’s RRF facilities will expire over the next two to fourteen years.
*2,168,850 tons of MSW will need alternative treatment.
Plasma gasification is an inexpensive, efficient and renewable energy solution involving thermal treatment of waste.
Wireless Age Communications, Inc. will benefit from:
(1)Plasma gasification operations across the state of Connecticut comprising of feedstock and long-term power purchase agreements already in place (with government organizations);
(2)The resale of plasma torch technology (attained at a discount from exclusive partner, Europlasma).
Note: These operations may potentially reflect a fourth quarter (Q4) 2009 income in the seven figures...read more: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41193682
John G. Simmonds, Chairman and CEO Wireless Age Communications, Inc. has spent decades collecting hundreds of millions of dollars after restructuring and developing start-up companies.
In 1981 Simmonds purchased Dynacharge out of bankruptcy for $100,000 and sold it four years later for $10 million, to Duracell.
In 1989, Mr. Simmonds purchased the first of many golf courses, Cherry Downs, a private 18-hole golf course located
just north of Toronto, Canada. Cherry Downs was later sold into a public company, which became Clublink Corporation (TO: LNK) and today is the largest golf course operation in Canada, with enterprise value over $1B.
In 1991, as a director of company, Simmonds aided in taking Glenayre Electronics public on the Nasdaq for $80,000,000. The company peaked at $3,000,000,000 in the early nineties.
In 1996, Simmonds sold Intek Diversified (IDCC) for $500,000,000 to Securicor of Engand.
Simmonds continues to gather key individuals in structuring a successful renewable energy company:
Jordan Oxley, President Sunbay Energy Corp., is an intellectual, with a background in finance, economics, and philosophy. For a lengthy period of time, his occupation was in the banking sector as a venture capitalist, collaborating with seasoned executives. He began his career working closely with the Governor of the Bank of Canada. He holds degrees in Philosophy, Economics, and International Relations, studying at Queen's University, the University of Edinburgh, and the London School of Economics. Read More: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40825310
Stein Lal, Director Sunbay Energy Corp., joined the public service of Ontario in 1988 as the Deputy Minister in the Ministry of the Solicitor General and since then has held that position in five other ministries retiring from the public service 2001 as the Deputy Minister of the Ministry of the Environment. Stein Lal has served in the capacity of Deputy Minister under all three governments...read more: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40826367
David Tsubouchi, Board of Advisors Sunbay Energy Corp., is an associate counsel in the Business Law Group of Miller Thomson LLP in Markham. Mr. Tsubouchi brings a wealth of experience from the public sector as an elected official municipally and provincially. His background as Chair of an investment bank brings additional experience in financing and securities...read more: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=39801009
Weekly Chart.