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Just a question - what's the sense of buying up millions & millions of cheap shares at 1? Even if the pps goes to 2 or 3 no one is buying at those prices. Are they? This company shows no signs that it's going to take off anytime soon.
Nada. I guess we will just have to hurry up & wait. It just seems odd - that - in April they gave a reasonably definite time - they predicted the loan would go through by mid-June. I guess if we want to analyze things, we can ask why it didn't. With a sound product the world needs, and management with proven track records - what reasons could be holding up financing? I'm stumped about what the heck could be taking so long. Even the company says things are taking a lot longer than they anticipated. Has anyone else ever had experience with new products financing this amount of money?? I have nothing to compare this to. I don't know if waiting several years like this is the norm or not. Could we be nearing the end of the waiting or just the beginning? It's frustrating to say the least.
Sorry for my impatience but nobody's made any money here for quite a while now. Nobody's buying. Nobody can sell because we've all bought while this thing was coming down. So rather than take large losses, everyone is forced to hold & say they're going long. Nothing to do but continue going long & riding it out. I can not imagine why a loan for this product is taking so long. I've said it before that the world needs this product & if I had 5 million bucks, these guys would be making bottles by now. But one can't help but wonder WTF is the hold up. Is the economy this bad? Don't investment banks have any money. Is there something wrong with the product? Is CSEY trying to raise the money themselves? Is it normal for a business like this to take this many years to raise funding? Is this just another penny stock destined to keep going down further & further until everyone has lost everything? Any insight on these questions would be greatly appreciated.
Everything looks nice on paper. Nice drawing of a studioplex is made. Quite Impressive. How much did that cost?? Nice website. Master plan is approved. Impressive too. Approvals don't cost a dime. Construction end date was discussed but not construction start date??(WHATS WITH THAT??) Yellow was supposed to be released last August 29th but there is still no sign of it in theaters anytime soon. Stock dropped like a rock all summer. I know I've dropped a bundle. No discussion yet of money. Talk is cheap. Construction costs MONEY. Isn't that correct??? Looks like a lot of plans are being made on a pipe dream. WHERE'S THE MONEY???? Can anyone tell me that?? PLEASE!!
An email reply a couple of weeks ago through ("Contact Us") on the website stated that:
As the last press release indicated, the previously announced funding is still in progress with the investor group and the process has taken much longer than anticipated. It also said they have been in discussions with two other potential investor groups, both for approximately the same length of time.
That's the question of the year. I don't know how relevant this is but there is a Terry Neild who is listed on the "LinkedIn" network. He is listed as president of American Restaurant Devel (I think its development). They are located in Phoenix Arizona. In my opinion - It looks like this a fund raising organization. If this is the same Terry Neild, Perhaps they are intending to raise the money this way. Who knows? Its all speculation.
The days of CSEY jumping up a dime or more simply on speculation seem to be over. The stock doesn't seem like it will rise until a loan goes through & bottles are produced. The news articles seem to be leaving a lot of un-answered questions. But it is true that an initial five million dollar financing probably does take time to assemble. It was only announced two months ago. Some mortgage loans take longer than that to go through. Lets hope the unknown company making the loan is for real. Hangin in.
Good question. Wish I knew. Shareholders are ready to hear something!!
The clock is ticking. Mid-June is rapidly approaching. Time for settlement.
No one is buying - or selling. I think everyone is just holding their breath. Casey has been in this position several times before & other backing money did not materialize. Sooner or later biodegradeable plastic has to catch on. Take a look at the oceans & landfills everywhere. If not - then shame on this country.
The CSEY website has been updated to reflect that they anticipate to be making product in the 3rd quarter 2014 based on the new loan. I know hopes have been raised before but let's keep our fingers crossed that this time its for real.
Time will tell - The closing is expected to occur between mid-May to mid-June 2014. Mid June isn't too far away. Maybe 2014 will be the year for CSEY.
Even if the Aruba deal fell through - the stock is basically as low as its ever been (five cents)- and except for a few day traders that can make a couple hundred bucks by buying a few shares at a nickel and selling at 6 cents - most that have invested in this company over the last several years are in a position where waiting it out is the only option - and the fact remains that their plastic is ASTM certified biodegradeable - so - maybe some day they will make a bottle - that's all it should take - just 1 bottle.
Don't know if funding has been obtained yet but large volume buying is going on today. It's only 10:30AM and over sixty thousand shares were bought at a nickle. They must be planning to hold because at even 6 or 7 cents, volume selling usually drops to nill.
CSEY Volume is rising today. So is price. But it's all on anticipation only. They've got to get the loan. THEY'VE GOT TO MAKE A BOTTLE. That's when we should see the big increases. Hopefully, 2014 is their year. The earlier the better.
I got an email reply about two years ago. It just said that they had not been able to find a lender due to the lousy economy. Since then, I've sent emails but received no reply. They are definitely due for some sort of press release.
The deadline for a payment seems to be 90 days from the last news update (Sept 24th). That puts it at roughly 12/24 (Christmas Eve). Until then, the stock price will probably be up & down based on anticipation but little volume. With so many past disappointments I can't see much firm advancements in volume until an actual payment gets made.
The Sept. news article said - "Funding is expected to be provided in tranches completed within the 90 day requirement of the Stock Purchase Agreement."
As of yet, has any money actually been paid? If not - the price of the stock could, and probably will, still fluctuate based on the anticipation. In my opinion - as of now, everything is just an agreement made by two companies that are actually the same people - contingent on Aruba Brands being approved for their funding. Correct? But - when a news article comes out saying that Aruba Brand's funding is complete and an actual payment gets made to CSEY, then the deal becomes real.
CSEY's technology for making biodegradable plastic has been ASTM certified. It doesn't get any better than that. This is a product the world needs.
I totally agree with kd23. If it dips to a nickel again - buy more.
CSEY has a product the world needs. Biodegradeable plastic!! Is it unrealistic to think this could end up being a 4-5 dollar stock?
I can only speculate, but sometimes the stock price may be listed at .08. but when you go to purchase it, the actual price may be .08001. If you are trying to by it at eight cents, the order doesn't go through.
CSEY's web site has been changed to PRODUCT ANTICIPATED TO BE AVAILABLE IN Q4 2013.
When borrowing money, I always go by the unwritten rule that "No news is good news".