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Wow this volume is nuts!
Stupid question but when is the next quarterly? It's been awhile since I looked into this stock heavily (rode the last run; kept a teeny position for watching purposes, got back in today.)
So if 9 million is 30%.... our portion of the royalties would be.... $ $ $ $ $ $ :)?
Noticed Wohlers was talking about dental implants…. googled, found this iHub post on the MHTX board (with whom we have that old agreement for our dental implants).
In 2015 a new dental implant maker will be giving MHTX a percentage of their sales for Nanotitanium implants, which I believe are going to be manufactured by CRS. CRS already has started the making of MithralMAX but just have not started advertising it yet, (when they licensed MithralMAX, and the link on an inventory sight is initial proof, I found more).
Both Marvin and Manny told me that the first dental implant maker was a complete failure that they were stuck into keeping till the original contract was up that they had made with UNM for helping in the development of it. This new dental maker is no small company like the last one was.
Once CRS actually starts on sales we might see another medical bone implant maker want to do the same type of deal as the new dental company has done since that is another multi-million dollar use of Nanotitaniums. The metal ourperforms current metals by miles. The use of the metal is enormous. It is just a matter of time it takes before coming to market.
On the restricted shares, why would the board members of MHTX recently accept more under those conditions if they did not also think it is going to be worth a whole lot more money.
Only if you can get enough others to jump along with you... otherwise it goes right back down. Even the actual longs don't want to over pay at these levels when a tick or two can mean thousands more shares for the same $.
Yes. It's called dilution. And without revenues,or thoroughly hyped solid news at the very least, he is right, will inevitably send the price lower. We already know this 10-K will not be pretty- ended too early for any revenues to post and clearly they are cash strapped right now according to their own PR. [They've always been cash strapped, let's be honest. One filing had a measly 5k cash on hand]. The only prayer any of us has is that they get the mill up and running sooner rather than later- that does require capital so unless they can pull a rabbit out of the hat that will satisfy investors enough to buy into the heavy Dec dilution, yes, I expect the price to go lower before it gets better. It would not be unwise to sell on any minor pop and wait, IMO. At least you'd get a write off for the year. Next Q report won't be for awhile.
Yes. David Clark was hired 6 months ago, not sure about the rest. http://www.linkedin.com/in/ddclarknm
On the army article you posted, http://www.army.mil/article/129695
look at the 2nd photo.... (you have to click.) is that our program?
Nice movement today, what gives? Low volume though...
How much ore does it take to generate to generate 1 metric ton of antimony 2 50-60%? Anyone know?
2 Questions: Have we paid for the old Fencemaker work yet? and didn't someone give us like $150,000 supposedly sometime over the summer? Was that used on this mill, or to pay down the old debts? Just curious- if anyone knows it. Sorry, didn't mean to make this a reply.
Good for you, man!
Thanks for that... If I ran a company, I like to think it would run like a well-oiled machine as I don't believe in over extending myself or putting the cart before the horse. I told the BOD I'd have modular offices on site in trailers, a low salary based on actual need the 1st five years, and all permitting/infrastructure/milling in place before I ever started digging in the ground. I'd canvas investors from all the successful business people I've known over the years (and by the way- I'm only 26 and keep enough track of my network personally to at least get startup money. The BOD is double that so should be way better set. If the business plan was solid from the start,with good credit, they might have had better luck from the beginning rather than going through all these changes and screw ups and toxic financing.)They've gone about this all backwards. I hope they can climb out of it- I'm not looking for ridiculous gains; just would like to be even again one of these days. Another little .003 spike and I'm there. If it ever hit a penny I'd be happy as a clam, but honestly, even is fine by me.
To be fair, that's the portion from First Liberty. They do have a lot of unspecified consulting work on their reports, and a lot of other companies (some overseas) through which to funnel cash.
It was probably because we had to pay 100k a year and do 50k of work on it as per the agreement and only forked up 5k. I would hope that they came to their senses and realized more ore with no mill was stupid.... but who knows. Maybe they did it to raise the price- saw the announcement dropped the price and shareholders were angry about the lack of mill so they abandoned it. It was a really dumb move from the get go, IMO
They should never have done Arabia in the first place. We all called it- needed to focus on the mill. And I'm very concerned that they'll default on that too. :/ At least we only spent a little over 5k. Geez.
Sounds like it to me.... someone call Bob.
Well that doesn't sound good.
Part of the America Makes program is sharing of America Makes IP among the full-fledged members. to my knowledge, we are not one of those, though that did concern me when I read it. I forget who it was that posted it, but sometime over the summer a document from America Makes was floated reviewing the pros and cons of the past year of work and one of the loopholes was smaller non member organizations (like Sigma) getting $ benefits without paying dues. I have no idea how any of the America Makes stuff will work in terms of who profits from the finished products… but I know GE is the project leader, so it does concern me a bit.
https://americamakes.us/membership/benefits
…if someone can find the America Makes official review please reply.
Led by General Electric Aviation, in partnership with Aerojet Rocketdyne; B6 Sigma, Inc.; Burke E. Porter Machinery Company; Honeywell Aerospace; Montana Tech of The University of Montana; and TechSolve, Inc., this project will address the need for the development of a commercially available, platform-independent Quality Assurance technology for high-volume AM production of aerospace components, which is currently lacking within the industry. The proposed effort will be achieved through the maturation of an IPQA technology solution that leverages a development approach, incorporating multiple AM machines and multiple super alloys.
A friend who's a metallurgist said GE is really bad about taking people's ideas. I just really hope that doesn't happen with Sigma. They're already half-claiming IPQA as their own. Although we have the patent, prolonged litigation would kill us. I'm glad they have other irons in the fire (with Honeywell, small lot production, etc).
Any thoughts on what Sumner contract was not renewed for 2014? Just curious. Also- interesting that they included "strategic partnerships" as a possibility for increasing revenue. No mention of GE- anyone find this odd?
Wow, they took a lot more compensation in stock. In some ways I think that bodes well.
Maybe something to do with their original incorporation? http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=SGLB:US&sid=aEgtGV9QFXgA
I know they did this because the shell transaction was cheaper than starting B6 Sigma publicly traded from scratch. [Also- wonder if they wanted to be time-sensitive? Nothing's guaranteed, but seems we are in EXACTLY the right place, at the right time- a year or more extra and we'd have missed it for sure. ]
PS: Wonder if the reason such a small % trades each day is that the old FWAV ppl set it and forgot it eons ago? haha. 150:1 split.
PPS: Edit-on further investigation, Framewaves Inc was literally involved in Frames hahahahaha. I have no explanation then…. but nice refresher into how Sigma came to be on this particular exchange. Waiting to get to the NASDAQ from square one would have taken forever.
Did any of the BOD say something about a follow-up call/meeting some time after the 10-K or am I thinking of someone else? Thanks.
...I wonder....
You've held from .05 all the way down?
The number on their website. I've called twice around 3 and he's answered both times.
Bob says he has zero interest in a reverse split.
Chef is right, I saw it, too... .0905 went through for a min.
Btw- nice Jimmy T pic. haha. Overall looks great! :)
Of course, if they actually processed 500 metric tons a day that's another story, but that seems like, well…. a ton. haha.
.14 oz per metric ton doesn't sound like much… where'd that info come from? Is that a good #?
Pretty sure they're still working on it. I believe that's an aspect of one of the America Makes projects?
Does this mean we'll be selling gravel, too? http://www.hcnv.us:1403/padocs/10_09_14/UH-14-17/UH-14-17.pdf
Also…. much more importantly….
http://www.hcnv.us:1403/padocs/10_09_14/UH-14-18/UH-14-18.pdf
Haha- E-Trade has .0005 x .0021 on the "Extended Hours".... [Not actually open, obviously, but I guess that shows you where our opposing forces are wanting us to go ;)]
This should answer alanthill's age-old question- about how they can commercialize with such small staff. :) Though I suspect they'll be ramping up there, too.
Read my convo with Bob. Fencemaker will open once they have revenues flowing from milling others' ore, and Rose Creek. The 3rd party milling and processing what they find at Rose Creek is easy, since the Liberty mill is already set up for it. He hopes/expects some revenue from those this quarter (so, next quarterly)- those revs will help finance the processing and mining of Fencemaker ore. In the meantime, I believe they're working in the lab with the existing Fencemaker Ore, working on their refining in small lots? [Could be wrong there]. Overall, I think in 6 months, we'll see a very different picture than today.
50-60k to start? haha.
FWIW Just talked to Bob on the phone
I asked Bob about the subsidiary thing and he said it was done back in August, they made different divisions, one to focus on the new mill, but all 1st liberty. He said he "just had a long conversation with a man in Singapore" and that right now they are focused on revenue. They expect most revenue to come from Rose Creek and the mill; they have already been contacted by a couple of 3rd party companies about milling and hope to show revenues 2Q (this quarter, that began in November).
He also explained that they have no interest in an R/S- he himself gets paid 1/2 salary, 1/2 shares. The A/S increase was to keep the option for a preferred listing. "For example-if we do a preferred listing at $1.00, we have to reserve enough common stock" should they go back to say 100 common shares.... also on their convertible notes they're supposed to have 3x the shares reserved/on hand. Apparently he's owed some stock currently.
He re-iterated they're hoping for revs this quarter; their biggest problem is the cash flow problem, though now with Fencemaker not currently being mined it's much more reasonable. [Fencemaker was $25,000/wk to stay open because of the mining staff, etc] though they are hoping with revenues under their belt near term they'll be able to reopen that as an additional stream.
He's also looking forward to the stock appreciating. His lowest was 1/2 a penny and says that he and Don haven't sold anything.