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IRECQ emerging from attempted forced Bankruptcy with good news. $10 million contract and more? Look at all the great news that happened today. And this isn't BS. This is actually court filings........http://investorshub.advfn.com/Imperial-Petroleum-Recovery-Corp-IRECQ-3674/
That is some really good stuff! Way to go RAWNOC! Great DD. We need to pass this along. All that activity with what sounds like some pretty heavy hitters one expected to bring $10 million? WOW! And this stuff isn't BS. It's recorded in the courts. WOW!
He's gone where the goblins go below below below yo ho
I'll tell ya, if I can sell my shares for .40 to .50 I will fly you all out to Vegas for a helluva party. I'll even spring for some darlings of the Bunny Ranch. LMAO
What a joke this one turned out to be.
Wow Springer has just crushed the shareholders and this company.
This thing has reached a whole new level of stinkage.
I'm starting to think you didn't hear it from the "horse's mouth", you heard it form the horse's A! LOL
Would this "reorganization" amount to our shares being worthless and allow Springer to issue NEW shares? Seems like a way for him not to suffer any while putting the screws to us. OR will this "reorganization" allow us to keep our shares with the possibility maybe Springer actually DOES have something going on with this company? Anyone got a good read on this one?
80,000 BUY. Someone is betting the farm on this sucka! Is it you MacDonald? An EIGHT dolla buy!! Holla!!!!!!!! LMAO
VOLUME ALERT!! VOLUME ALERT!!
WE have .10 worth traded today. A positive move is a move. LMAO
The 28th will be the hearing to determine where this legal action goes. Judge Jeff Bohm presiding over this case. If you want any further information Imperial Petroleum Recovery Corporation is being represented by Attorney Leonard Simon. His phone number is 713-737-8207. Email is lsimon@pendergraftsimon.com
Looking forward to hearing some good news.
From another board, here is a pretty interesting read:
I view this stock as a sleeper that sits near basement entry level without massive stock dilution. IMO, you pretty much see what you get here; most definitely worth some study for potential. I'd like to say IREC could be a big performer, because I believe it should be, given the need for their proprietary technology -- fully tested and applauded by the big boys. But the longer something sits... the better the chance that a superior product emerges to win the gold.
This is one of those [OTC] companies that has never pushed, hyped, or pumped its stock. At least not that I'm aware of in the 13 years I've followed it, off and on. IREC always was and still is about technology selling itself through advertising and by demonstration. But sometimes market penetration takes far longer than expected, and share prices do tend to fall, over time. That, in a nutshell, is what happened to something we thought would become a darling stock of Wall St, over ten years ago. Dreams of soon to come forward stock splits and all that jazz.
I purchased my first shares at around $3 in January 2000 and reluctantly sold them eight years later in 2008 for about 12 cents, a five figure loss. I returned to buy some shares last month because of signs of life, and my DD acquired faith in the company someday establishing their technology within the oil refinery industry. Not that IREC has been asleep all this time. They've been busy working with vendors and securing additional patents. Most importantly, the technology has been thoroughly proven by Exxon/Mobil. I separate the two because the latter had their engineers looking into it prior to merging with Exxon. The technology is a working solution to the worst problems presented by crude oil sludge. Borrowing a few sentences from IPRC's website:
Microwave Separation Technology (MST), designed to treat and eliminate hydrocarbon emulsions that are an ever increasing global problem. Our patented MST converts waste emulsions into usable products, reduces environmental wastes, and increases production from existing plants!
Emulsions are undesirable byproduct mixtures of oil, water and solids that cause a broad range of operating inefficiencies that:
Limit energy industry production capacities
Increase operating costs
Result in the production of environmental wastes.
--------------------------------
IPRC has been around since January 1996, and began trading OTC as IREC in April of that year. On May 1st, 1999, one of their machines was leased to the Torrance CA refinery. Also, an advanced senior ExxonMobil engineer joined Imperial Petroleum Recovery Corporation to lead technology acceptance. The machine in Torrance performed as advertised. In fact, the results were so interesting that Mobil invited their top people from various kingdoms to see it for themselves. [Apparently, they divide the planet into 'kingdoms' wherever they section operations.] The result of all of this attention was that IPRC was showcased on Exxon-Mobil's corporate website. We expected sales to take-off, but that was not the case, despite the news looking very good.
"After experiencing first-hand the benefits of a novel emulsion-breaking technology, ExxonMobil Research & Engineering Co. (EMRE) has signed a marketing agreement with the developer of the technology-Houston-based Imperial Petroleum Recovery Corp. (IPRC)-and is applying the process in varied operational settings, both downstream and upstream.
The process uses electromagnetic radiation in the microwave range to separate stable, difficult-to-break emulsions into oil, water, and solids. ExxonMobil had tested the process on desalter undercarry at its Torrance, Calif., refinery. The application, called MST (Microwave Separation Technology), debottlenecked the desalter and enabled the refinery to increase crude throughput significantly.
The refinery was so pleased with the results that after the merger between Exxon and Mobil late last year, ExxonMobil took a closer look at MST and decided to carry through with its efforts, together with IPRC, jointly to further develop the technology, apply it internally, and license it externally.
In May, EMRE completed a worldwide marketing and development agreement with IPRC for the MST technology. In addition to applying the technology to downstream operations, upstream applications are being considered as well. IPRC retains title to the patents related to the process (it has 1 US and 19 international patents).
ExxonMobil was so pleased with the results of the extended test that it completed the marketing and development agreement with IPRC and arranged for IPRC to install an MST-1000 (a 1,000 b/d MST unit) at Torrance and operate it for a minimum of 3 years, with an option to extend it for another 3 years."
Read the complete article at:
http://www.ogj.com/articles/print/volume....technology.html
IPRC has remained active throughout the years developing alternate applications and seeking sales through venders. In 2001 a unit was sold for $1M to a project in central Africa. http://www.newtechmagazine.com/index.php....ipeline-project
Company history:
http://www.iprc.com/about-iprc-company-history.php
Form 10K:
"We intend to market our technology by entering into strategic partnerships with third parties who can market and sell our products world-wide. We have established working relationships with several prominent engineering companies that are currently working within the petroleum industry. It is our intent to establish suitable joint ventures (JV) with one or more of these companies as a means to penetrate these industries."
"We currently have two Letters of Intents (LOI) with foreign entities who have expressed interest in forming Joint Ventures with IPRC to market the technology overseas. We expect to make final announcements of these efforts in early 2013."
Currently, we have only leased two MST units and sold one MST unit. However, there are more than 700 oil refineries worldwide, with 149 of these located in the United States. Each is a potential customer of the Company. The Company’s marketing strategy is to:
· Focus on commercialization of microwave technology
· Concentrate initially on the 45 refineries in Texas and Louisiana
· Execute existing pipeline of contacts and leads.
more:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8950174
company website:
http://www.iprc.com/
semi-active InvestorsHub stock forum:
http://ih.advfn.com/p.php?pid=squote&symbol=irec
What I like most about IREC is that they stuck with it. No take-over or selling of patents in their 17 year existence, and a persistent effort to attain success. And, most unusual to the OTC/pink sheet realm, they have abided by their code of ethics:
http://www.iprc.com/about-iprc-ethics.php
to be continued... or interrupted should Al ultimately be successful in his quest.
etradebull, exactly! All we need is a good group to grab this and run it. And if that happens there is no telling where it could go. I've seen absolute pigs with no hope, no news rise from the ashes and run to a penny. I've seen stocks like SPEA just change lives when it had the big Elvis news. It went over $20. That one made millionaires. No telling with these penny stocks. They should just be treated like fun money. If you think of them as investments you will be sorely disappointed.
I will say I am shocked that it's taken this so long to get any interest. My experience has been at least once a year or at least every couple years a penny will have a good run. YOU just have to make sure you don't get greedy and get out with a nice profit. These pennies are outstanding and very profitable when you play the game right.
Definitely can pop out of nowhere. I was in EKWX awhile back and that was a rotting carcass. Just for the heck of it I checked my brokerage account one day and went WTH????? Fat finger? What's happened? Sure enough it was EKWX that came back to life. I got the H out of dodge, sold it all, and walked away with $17,000 that day.
Thank you...Get this thing revved up again!!!!!!
What is this bankruptcy mentioned in a yahoo board post?
Starting to wonder about Springer. We've been at this point before. Looking like it's about to take off and then backwards we go. We can't seem to hold a gain. Surely there has to be some kind of news. I'm now starting to think he's a poor leader. No communication with the lifeblood of the company. (shareholders) Nothing. This is the strangest stock I have ever been in.
I think the only rule the old goat follows is "before you scam, skim."
With only 51,227,477 shares Outstanding when this volume picks up it could explode in to dollarville in no time. Filings being caught up. Things seem to be happening. If nothing else it is an interesting one to be in right now. Gotta see some news though.
Look up. Ask is up to $1.20..........yeah yeah I know. The market is closed and the MM can set it at anything they want but it's still nice to see ASK $1.20 If only huh? LOL
overloded why couldn't these machines and process be adapted and used for something like the BP Gulf oil spill? Wouldn't that have been a case where they could have used a great number of these machines and technology? Maybe I am misunderstanding the technology.....
overloded that was AWESOME! Hope this thing is revving up for a breakout!
LOL If this ever got to a quarter I'd soil myself. Bring on the adult diaper!!!!!!!!!!!!
Let's keep the eyes on the prize. What you posted is exactly what I was going to post. Looks like news could be right around the corner. And the way this has acted in the past couple days the news should be very good.
The old goat probably will never croak. Instead we'll see his wrinkly mug on a milk carton. He's probably gonna go senile, lose his mind, and wander off into the northwoods never to be seen again. The bears will feed on his mangie carcass. Poor things. That would be a nice end to his charmed life. bwahahahahaha
They have caught up on most of their SEC filings too. There has to be a reason for that. You just don't start catching up your filings out of the blue for no reason. Really optimistic that this is gonna break out soon. Cross our fingers.
People need to take a real close look at this share structure. When this begins to move it's got the potential to fly like you said to a dollar within hours. They have to look at the Issued and Outstanding shares. Look at the float. It's just insane how quick this could go
Kinda makes you wonder. 93,000 bought at .10. That's someone plunking down over $9,000. BAM Let's hope this is move we've been waiting for!!
2013 is the Year of Ecoloclean..............unless it's not. LOL
I remember I was in a company quite a while ago and it had similar share structure and float. AERG is now a POS but man they had a lot going on at one time and the thing just went to the moon BAM in one day. It was jumping nickels at a time. It was insane. This thing only has a little over 50 million outstanding. This too could be a moonshot if they have the right news.
Nice volume pop. Would be nice if Springer actually put out a PR giving shareholders a clue as to what's going on. This is ridiculous. Bits and pieces coming together with SEC filings. Makes no sense that this company doesn't communicate with shareholders.
1.6 MILLION served. We got the volume mojo goin' now. LOL
Somebody bought TEN CENTS WORTH??? LMAO
Did you notice, they've updated the "news" section of their websight? Yep they did!
I agree. It is speculative and that's what makes it attractive. The $8 million and 18 months revenue stream turned my head. But when you dig deeper and see this thing only has 51 million shares outstanding we could have a moonshot in a hurry. If this had 200 or 300 million shares maybe we sit here but 51 million? Time to board the train and roll the dice. LOL
Kinda strange we don't have a little boost going on in volume. With all that's gone on lately Id think there would be some interest. If this catches fire WOW! There's only 51 million shares outstanding. This could fly in a hurry.
IREC Annual report out. Filings should be up to date by the 15th. Patent assigned last month. Creeping up.
IREC Annual report out. Filings should be up to date by the 15th. Patent assigned last month. Creeping up.
Actually there are quite a few good things in this report. Am I reading this right that they expect to have all their filings up to date by the 15th of this month? We need to spread the word. This thing looks ready to move.