Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Snowiegeorge, Tirex has audited financials see links below. They are not current.
http://ih.advfn.com/p.php?pid=nmona&article=46704339
"Tirex Files Fiscal 2009 Audited Financials" dated 3/2/2011
http://www.tirex-tcs.com/letter_jan12.htm
"2 – Tirex’s improved position and progress over the past year beginning with its acceptance by the SEC of our retroactive audit and our commitment to get current in the first quarter of 2012; reinforcing Tirex managements commitment by reducing its debt and eliminating $1M of the accumulated Principle’s salaries and exploring over another $1M in debt reduction that’s past the statute of limitations."
It's insanely wild. And the volume doesn't stop. It's been crazy.
Something must be going on. The consistant volume and the rising price. THere are not enough shares on the ask to fill the bid.
There is a pick up in volume and price, not great volume but more than the past week or so.
I do too. The same thing happened the first week in January.
Did almost 12,000,000 shares trade in the last 30 minutes at a reduced price then we are brought back to .003? There weren't 12 million shares for sale on the bid and ask.
Another interesting tidbit from late may in SC regarding Altgen:
http://www.soyatech.com/print_news.php?id=23777
"Biofuels Production Firm Plans to Build 3 Plants in South Carolina, Company Official Says
State (Columbia, SC) May 28 -- A company that took its $30 million investment to Tennessee after the S.C. House initially rejected a sales-tax exemption for Amazon now is planning three multimillion-dollar plants here, including a 400-worker facility in Lexington County, a senior company official said Friday.
Green-energy company Altgen Corp. is opening talks with Lexington County officials for a $10 million to $30 million facility that would convert waste into biofuels, chief operating officer Chip Harriford said. The company decided to proceed, he said, because the Senate early Friday morning endorsed a five-year exemption for Amazon that the House shot down April 27 but overturned three weeks later.
"We want to come back to the table," Harriford said, adding that he hopes to at least break ground for the Lexington plant by the last quarter of this year, if not be operating by then. The company also is considering facilities in Jasper County and the I-85 corridor in Spartanburg County, Harriford said. A fourth location, near the Pinewood hazardous waste landfill in Sumter County, would be more dependent on state incentives, he said."
1Carolina, Company Official Says
State (Columbia, SC) May 28 -- A company that took its $30 million investment to Tennessee after the S.C. House initially rejected a sales-tax exemption for Amazon now is planning three multimillion-dollar plants here, including a 400-worker facility in Lexington County, a senior company official said Friday.
Green-energy company Altgen Corp. is opening talks with Lexington County officials for a $10 million to $30 million facility that would convert waste into biofuels, chief operating officer Chip Harriford said. The company decided to proceed, he said, because the Senate early Friday morning endorsed a five-year exemption for Amazon that the House shot down April 27 but overturned three weeks later.
"We want to come back to the table," Harriford said, adding that he hopes to at least break ground for the Lexington plant by the last quarter of this year, if not be operating by then. The company also is considering facilities in Jasper County and the I-85 corridor in Spartanburg County, Harriford said. A fourth location, near the Pinewood hazardous waste landfill in Sumter County, would be more dependent on state incentives, he said.
www.soyatech.com/print_news.php?id=23777
This is interesting. I wonder when it was written. It looks like a beta site for Altgen, but there's a lot of test material floating ont he internet, nevertheless, this is tantalizing. If you click the slides in the center of the page it gives a lot of detail.
http://risblog.co/altgen/
"Developing further, Altgen looks to open a plant to process tires comparable to that of the facility in Hardeman County in the heart of South Carolina. Columbia, the capital city, readily awaits Altgen’s appearance as their expansion will be an onset to a cleaner community; bringing many jobs and a “green” ingenuity."
That is my recollection of the summer of '09 also. A frantic bout of trading when the news was released. A lot of pumping and dumping on the boards. The volume was way beyond what we've seen with this news. Then it pulled back and rose about a month later on no news to .015.
Looking at the current bid and ask on L2, it seems like it's the market makers that are trading and controlling the price. Everyone appears to be holding. When more concrete news of the actual formation of the joint venture (hopefully not The Crummy Tire Venture although they tentative named it the Tire Crumb Venture in the SEC filing), and placing the order for the first machine, I expect it will rise significantly. I'd rather it went up slowly and stayed instead of shot up and fell like a rock.
From Yuna's posting of the business plan in Missouri, the machine has an 8 month wait to manufactor. There is always the hope Missouri will come through, but Tirex has never officially announced that deal.
I am 12 years also. I inherited most of my shares from my father who was a material scientist with Goodyear. He was convinced this machine was the solution to cleaning up the piles of used tires.
If you return to Yuna2253's posting #3616 on Dec. 14., the document stated that Field Turs at 14-20 mesh or .056 " to .033 estimated at .15-.20 per pound.
Here is a link to Altgen's tire recycling in Tennessee. It's a very interesting video.
http://www.wreg.com/videobeta/e8510b6a-aa9a-471f-90a7-5f31c8c00860/News/New-Jobs-In-Hardeman-County
Here is a link to Altgen's tire recycling in Tennessee. It's a very interesting video.
http://www.wreg.com/videobeta/e8510b6a-aa9a-471f-90a7-5f31c8c00860/News/New-Jobs-In-Hardeman-County
I have an empty level 2 also. I am on Trade Architect.
Because there are never enough shares on the bid or ask, it's almost as if this private trading on a public platform. I don't know how else to explain it.
What's interesting is that weren't 30 millions shares on the ask or bid ever all day. That happens frequently here. I wonder if Tirex isn't just releasing some of the billions of shares they issue for sale.
What is going on? I just looked at Trade Architect and we have a trade of 24 million and it reaches .0012? Is something going on or is this just first day 2012 trading nuttiness? It's not MM's.
Melicent Boysen is the consultant Tirex hired last year to secure a sale and she is the Chief of Operations according to Yuna's posting.
Good idea about Google satellite. The idea of 6 months was floated. I don't think this was up before. I've searched and haven't been able to get all the council files until just today when it was mentioned the articles were taken down.
The equipment is being made in Canada and Germany so it looks like Simpro isn't participating.
Tirex is mentioned on pg. 23 and their role in the project.
http://www.jeffcomo.org/uploads/Planning/PI11027-CC.pdf
I haven't read through this whole thing but it's the plans from the commission.
http://www.jeffcomo.org/uploads/Planning/PI11027-CC.pdf
In Tirex speak, the near future is about a decade; soon is at least a year so I would guess "this month" really mean six months. It was more more specific than soon which is more specific than JT has ever been but so who can say how he gauges time.
I thought maybe they would start to get current this week. I don't understand why that is taking so long. With that big audit behind them, they don't have much to add to any other filings. I hope you are correct. We see some sort of filling or filings next week.
I don't honestly believe there are enough shares on the ask. It's down to about 1.2 million whereas it had been around 15 or 16 million if I remember. So there isn't enough supply at this point but the mms could still bat around their 5,000 shares. Maybe they were on vacation today.
From my past correspondance with JT, I feel he wants the company to be first fully reporting. Once he makes the first sale and has a viable company, he would announce it and then try to get the stock back on NSDQ where it once was. I think relisting on NSDQ is a goal of his. I get the impression he sees this as one process. I follow your logic and agree. Although I don't know if he is acquiring TSU. I think it's a partnership and Tirex somehow either owns the crumb rubber or acts as a broker. I've never been clear on this. I am not clear either if this will be a vertically integrated operation, with TSU and Tirex making these value-added products or simply selling the rubber to other companies or both.
The facity is in High Ridge, MO which is in Jefferson County, MO. I think the Jackson County is a typo maybe. I am wondering if there a council minutes avaiable.
According to this, Ed Boyer of EA Building and Design is the builder:
http://fenton-highridge.patch.com/articles/tire-shredder-in-high-ridge-to-expand-add-jobs
So that is one hurdle that is completed. They say the timeline is six months.
The mms are HDSN, VFIN, ETMM, CSTI, and NITE.
One is NITE Knight securities. If you look at L2, you can see equal bids, usually in the 5,000 share range. There are more mms but until the bids and ask come in, I can't remember the rest. Their transfer agent is Continental Securities.
Every since Malaysia in 2009, John has been reticient to release any news unless it's a sure thing which is why we have no news. Also, he is behind on SEC filings and may want to get those up-to-date first so everything is in place. I would bet John is unaware of the reporting of the council proceedings and the mention of Tirex. My guess is he would have liked to remain nameless for a bit and probably thinks he still is. It's no secret in Jefferson County. The location makes sense since the recycling tire consulant, Melicent Boysen is located very close to this facility outside Kansas City.
I am surprised that isn't heavier trading on this news. Lesser news in the past, even false news, even fake articles posted on remote websites, has sent the stock soaring.
I haven't emailed John in a long time. If someone does, reference the city council agenda and see what he says. It could spur John to issue news before he does have ducks in a row. That was what happened with Malaysia and that didn't pan out.
I wonder when the company will announce this and if there are any other obstables in the way now that the city council approved the expansion of the recycling plant.
For Tirex, this about triple the volume. Let's see if the momentum lasts.
I often find their press releases to be vague. What does this mean exactly? Did they get a loan recently? Or this something older from their Canadian days?
“The other portion is a loan with The Laurus Master Fund (New York) for approximately $1 million in principal and interest,” Threshie said. “Tirex management recently determined that the statute of limitations for the loan and other legal and financial obligations in New York and Canada would permit Tirex to formally address its expiration,” Threshie added.
Does anyone know about the Lazarus Master Fund? It looks like a hedge fund with on-shore and off-shore operations that deals in microcap stocks. Did they actually loan Tirex money recently?
A slight pick-up in volume this morning.
The small trades moving the stock between .0003 and .0005 are usually just MMs keeping the stock liquid by trading among themselves. Those of us who have held this stock a long time might remember when they didn't have MMS on the gray sheets and nothing moved. There are currently blocks of millions of shares on bid and ask but the spread never moves and there isn't enough liqudity to generate trading. Hopefully, soon, there will.
I agree the options have management putting skin in the game for once. The could have just issued themselves another 1/2 billion in stock which I was half expecting. I'd be happy.01 at this point.
Tirex issues these releases with saying much, but the news is inline with posts on this board as to progress JT has reported.
How do we interpret this?
How do we interpret this?