The June 2011 journal "Lubrication Science" is devoting the entire
issue (about 50 pages) to some of the science behind Platinum Research's fluorinated zddp.
The author in a previous recent study acknowledged PRO for support.

Whats curious is the market maker MAXM with a ask of .04. He has one million shares offered. He is the same MM who purchased all the shares April 1. A few days ago he offered 500k. I think he's
trying to hold the price down foe some reason. When you see that there are a million shares available at .04 its hard to buy at .03
Only some news would push you thru .04

Back in October 2008 PLO CEO Jaeger implied that at least a couple of years of testing were needed before companies would decide. So why not save a couple of million dollars in business expenses by stalling in bankruptcy courts?

From the October 2008 LUBE REPORT:
“I think we feel our engine testing is a little bit late to be a player in GF-5,” Jaeger acknowledged. “The answer to entry is we need to establish relationships with people who might – if their specification was met – break from the market trend and basically go their own way. If we’re successful in finding that type of party, provided all the testing confirms the wisdom of doing that, we might be on the market sometime in the neighborhood of 2011, maybe even as early as late 2010. If we have to go through the industry process, or if GF-5 doesn’t get extended, then I’m not sure exactly what the timeline would be.”

Still thinking something is going on and the bankruptcy
filing is a stalling tactic to save money.
One of the last quotes from ceo jaeger back in Sept. 2008 was that
they would not have a oil additive product (f-zddp) untill possibly the
first quarter of 2011. They were burning 250k a quarter. I think interested companies needed to do their own testing and their was
nothing left for PRO to do but wait on the decisions.

If anyone cares, the IP of pro was a featured weekly technology last week of yet2com. Maybe there is still a possibility of coming out of bankruptcy?http://www.yet2.com/app/insight/techofweek/52652?sid=210

Jospatrick you wrote "They've said their announcing Q4 08 on Mar 4th".
Can you tell us where you got this information. I can't find it.
Thanks

From last weeks Lubes n Greases PRO CEO says "The answer to entry is we need to establish relationships with people who might – if their specification was met – break from the market trend and basically go their own way. If we’re successful in finding that type of party, provided all the testing confirms the wisdom of doing that, we might be on the market sometime in the neighborhood of 2011

From this weeks Lubes n Greases:
General Motors will introduce its new Global Engine Oil Specification in two years, for all GM model year 2011 gasoline-fueled vehicles worldwide. GM is considering but hasn't finalized a licensing program for the new spec
Pressed for specifics on how GEOS differs from the current GF-4 or proposed GF-5 specifications, Johnson would only say that "GEOS is an internal [GM] initiative and likely to be an evolving spec
http://www.imakenews.com/lng/e_article001231711.cfm?x=b16kqbNJ,b16kqbNJ,w

A new message from CEO has been posted on PRO website

http://www.platinumresearch.com/ourcompany_message.shtml

Did not attend the annual meeting, but was told by their PR that meeting proceeded as planned.

Am I reading this correctly?
A new article in "lubes and greases" says PRO will not be ready for GF-5 with their own motor oil, so is looking for someone who may want to go their own way outside of the GF-5 guidelines. In the meantime they want to market Techrobond to the "high milage" brands of motor oil,which Jaeger says "we think thats a GREAT,GREAT place to grow"
.http://www.imakenews.com/lng/e_article001219225.cfm?x=b16kqbNJ,b16kqbNJ,w

Its encouraging these lenders seemed willing to pay a premium for the conversion into stock. All the time this was being negotiated the stock price never went above .16 and averaging around .10-12.
One of the lenders is the marketing manager Steven kidwell who threw in 100k. That seems encouraging since he should know the market response to the techrobond products.

From the 8k:
"All or part of the principal outstanding balance and all or part of the accrued but unpaid interest thereon may, at anytime starting six months after the date of the Note, be converted by Alpina into common stock of the Company at a conversion price equal to $0.18 per share"

News: financing and a new motor oil
http://biz.yahoo.com/prnews/080924/law512.html?.v=25

Annual meeting set (again)for Sept 25.
Can we assume that they acquired financing, since cash was low back in June?

http://www.sec.gov/Archives/edgar/data/1330340/000119312508190999/ddefa14a.htm

Ex PRO CFO Newman becomes Office Depots new CFO. I think PRO realized that they may have been premature in hiring a high profile person like Newman and weren't ready for his salary.
At least the company is being mentioned again in the business world.
http://money.cnn.com/news/newsfeeds/articles/apwire/8ec3ecd7fdc906023f6fe23679bf23d0.htm

This doctors theseis from a PRO scientist at UTA was just released last week.It was funded by PRO. Its 178 pages in pdf format.Its everything you wanted to know about f-zddp. The one thing that caught my eye was the fully formulated oil used for testing was provided by Infineum. You may remember that PRO bod Mcmillan has attended all relevant gf-5 meetings and on occassion signs in under the Infineum name. Will there be PRO-Infineum connection? At todays stock price of 10 cents it may be worth a gamble.
This takes a while to download but the science seems impressive.

http://dspace.uta.edu/bitstream/10106/968/1/umi-uta-2061.pdf

RT vanderbilt added a powerpoint presentation of Techrobond to their website.
There are now 3 formulations for greases.
http://www.rtvanderbilt.com/TechroBond_280.pps

The meeting was again adjourned due to lack of quorum. The issue was with the transfer agent. We should get a explanation
soon along with a new date. The transfer agent will probably
be replaced.

This could have been a attempt to pump and dump.Turk had about 23 million shares come out of lockout the end of July and he may have wanted to dispose of them. From a recent SEC filing:

"Mr. Turk signed a Lockup Agreement and agreed not to sell the common stock underlying his shares of Series A Preferred Stock until July 31, 2006. Additionally, under the Agreement, Mr. Turk cannot sell or otherwise dispose of 22,930,067 shares of common stock or any options, warrants or other rights to purchase shares of common stock or any other equity security of the Issuer which Mr. Turk owns or has a right to acquire as of the date of the Agreement, other than in connection with an offer made to all shareholders of the Issuer or any merger, consolidation or similar transaction involving the Issuer, until July 31, 2007".

Quarter ending july 31 was impressive. Press release states over 27.5 million canadian, which converts to 26.1 million us dollars for the year.
For the nine months revenues were 18.5m meaning 7.6m was generated this last quarter. This is 2.4m more than last quarter
which was 5.2m. About a 40 percent increase over last quarter. Not bad for a sub-penny stock.