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If this is happening...
The Company could issue a diviend say 1 for a 1000 and the shorts would have to cover...... I think.
Has the OS gone past 138 million?
Interesting.......
Ture never thought of that.......
Just makes No sense
13.6 million shares traded today.....
I did a share count and I think it is part of the 138 million outstanding
Roughly 64 million shares have been traded in the last 2 months half of that is 32 million....
Not far to go to .0001.......
Then there is No place but up........
During April 2007, the Holders of the Company's convertible notes (the
"investors") proposed that the Company hire a consultant designated by the
investors. The Company declined the proposal, deciding instead to conserve
resources for addressing specific needs of the Company. On April 25, 2007, the
investors filed with the Company a letter claiming an Event of Default as
defined in the terms of the notes. On April 29, 2007, the Company and the
investors agreed to cancel the claim of Event of Default and increase the
discount percentage on the notes from 70% to 75%.
On April 29, 2007, the Company and the investors agreed to increase the discount
percentage on the notes from 70% to 75%. If, at any time, the Company issues or
sells any shares of common stock for no or below market consideration (dilutive
issuance), then immediately upon the dilutive issuance, the fixed conversion
price will be reduced to the amount of the consideration per share received by
the Company in such dilutive issuance. The number of common shares issuable upon
the conversion of the debentures is limited to 4.9 percent in beneficial
ownership by the debenture holders and its affiliates of the outstanding shares
of common stock. Once the maximum amount of common shares has been issued, in
lieu of any further right to convert the debentures, the Company shall pay to
the debenture holder, an amount equal to 130 percent of the then outstanding
principal amount of the debenture plus accrued and unpaid interest and other
related charges within fifteen business days of the maximum conversion date. If
18
<PAGE>
AQUATIC CELLULOSE INTERNATIONAL CORP. AND SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
NOVEMBER 30, 2007 (UNAUDITED)
the Company exercises its right to prepay the debentures, the Company will make
payment to the debenture holders in an amount equal to 150 percent of the sum of
the then outstanding principal amount of the debentures plus accrued and unpaid
interest on the unpaid principal amount of the debenture to the optional
prepayment date plus any other related penalties. The debentures do not
automatically convert to common shares on their due dates.
As reported on Form 8K, filed on February 26, 2008, on January 20, 2008 the
Company signed a agreement to sell all rights, title and interest in the
TigeroLynk technology to Hollund Industrial Robotics Systems Inc, a privately
held Canadian company (HIRS). The agreement with HIRS includes the mechanical
arm assembly stored at the Company's participating manufacturing facility in
Kamloops British Columbia. Terms of the sale were finalized on February 20,
2008. Those terms include the Company being relinquished of all prior
commitments in royalties and stock made to Gary Ackles and the Company receiving
$314,000 from HIRS, comprised of a $64,000 in deposits already paid and 10 equal
payments of $25,000, commencing March 1, 2008 and finishing December 1, 2008.
Additionally, the terms of the sale Mr. Lonnie Hayward, a principal of HIRS, and
former Director of the Company, agreed to relinquish to the Company all common
and/or preferred stock held by him at the time of the transaction. In the event
of default on the payment terms all rights acquired by HIRS per the agreement
shall terminate at the discretion of the Company.
On January 31, 2008, the Holders of the Company's convertible notes agreed to
exchange all accrued and unpaid interest due under the terms of the notes for
three new convertible debentures aggregating $227,068. These debentures bear
interest at 2 percent, due on a quarterly basis, and are convertible, at the
investors' sole option, into common shares at 70 percent of the average of the
lowest three inter-day sales prices during the twenty days immediately preceding
the conversion date.
I hope todays dump was part
of the 138 million OS?
Let them......
I hope SW gets a deal done soon to stop the selling......
Someone keeps buying the shares........
I wonder who?
138 million EOM
I spoke with the company.....
Share count is 138 million and change.
The Company has spoken 3 times with the CD holders this week.... IT IS THE TOP Priority.....
The NEWS letter will wait
until a deal is complete.
With Regards to the New Century BK filing and it's impact on Valor......The Company is considering a PR in the near future.
Production is going very well at Hammil.
The future news Is VERY positive.
IMHO I would not be surprised at all if this stock price turned around.
Mountainview Energy Ltd Successfully Drills Second Natural Gas Well In Northern Montana And Prepares To Drill Two Oil Wells
--------------------------------------------------------------------------------
MOUNTAINVIEW ENERGY LTD (the "Company"), a Canadian Public Company listed on the TSX VENTURE EXCHANGE today announced the successful drilling of the Stoltz #18-1, a natural gas well.
This natural gas well is located in Section 18-T29N-R5W, Pondera County, Montana. The initial production test of the Stoltz #18-1 well was 4.5 pounds on a 1" orifice, which is 75 MCF per day. Together with the production from the Boucher #18-1 well, the Company has 345 MCF per day of new natural gas production. These results confirm that the Lake Frances Field extends to the northwest, which proves up additional locations for drilling. The production interval on the Stoltz #18-1 well is 2268' to 2282', with 14 feet of total pay zone. The Company has plans to complete this well within the next week in addition to constructing the pipeline necessary to connect this well to the gathering system.
Mountainview Energy Ltd owns a 25% working interest in this well and will release additional results once the well is completed and placed on production.
MOUNTAINVIEW ENERGY LTD
"Patrick M. Montalban"
Patrick M. Montalban
President & Chief Executive Officer
yes somone did buy those shares......
It is very interesting.....
The issue I see If Longs do not get a good grip on these cheap shares.... If or when SW does make a deal..... It" going to take forever to get back into whole pennies........
I got a little yesterday......
Is the News letter coming out this month?
Or are we regrouping?
The upside here is very good.
I look for News that the Tiger is done very soon.
Lets also hope we can get a filing update.
One would think the Tiger will soon be completed.......
I guess they got this from aqci?
VERNON, BC -- (MARKET WIRE) -- 11/09/06 -- Aquatic Cellulose International Corp. (PINKSHEETS: AQCI) is pleased to announce that major components to the TIGER•LYNK(TM)-120 (formerly ATH-120) have been completed.
Sheridan Westgarde, Aquatic CEO, stated, "Today's announcement means we will be able to bring TIGER•LYNK(TM) to market faster integrating our finished components with new systems designed for offshore drilling. The good news is that we can virtually pick up where the Company left off in ATH-120 construction and move forward with construction on our TIGER•LYNK(TM)-120. This is a major advantage for us at this stage."
Among the finished components include a massive 35,000-pound, 120-feet long robotic arm, as well as the vessel and onboard control room.
Well Jack happenns to know Jim Beam....
And Jim Agrees :)
VERNON, BC -- (MARKET WIRE) -- 11/06/06 -- Aquatic Cellulose International Corp. (PINKSHEETS: AQCI) is pleased to announce the sale of the Company's interest in the Prado Gas Field to New Century Energy Corp. for $300,000 in cash and consideration of New Century forgoing ownership of 7.5% of Aquatic's outstanding stock. This stock was previously due under terms of a January 2005 First Amendment to a Joint Purchase, Sale and Exploration Agreement.
At One point in time New C was considering A position in Valor.......
You mean someone tring to buy....
New Century?
Or New Century trying to Buy Valor?
Item 1.03 Bankruptcy or Receivership.
On July 28, 2008, New Century Energy Corp., and its wholly owned subsidiaries, Gulf Coast Oil Corporation and Century Resources, Inc. (collectively the "Company," "we," or "us"), filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code, in the United States Bankruptcy Court for the Southern District of Texas, in order to facilitate their financial restructuring
How does this effect Hammil?
Good news........
There was No selling today.......
Maybe we turned the corner......
Does anyone know the frequency
Of the CD holders accurring shares?
Could they in theory get 5% of the outstanding each week?
So the CD holders are no longer getting 5 million a pop
120 million x 5% is 6 million..... Is that right?
I would have to agree......
Makes no sense to me.....
SW would be better off giving them some of the cash we are getting from the 2 wells.....
gas was at $10 mcf
The selling continues..... Over 1 million more dumped.....
I wonder if we will get to 10 Billion?
ture I am with you on that. EOM
Someone dumped 2 million shares
at the close......
THe only action we have seen thus far is dulution and
dumping
Newsletter at the end of this month?
Speaking of News Letters....
Should we expect one at the end of this month?
Mountian View drilled a new Well
In Lake frances.....
Good for this Stock?
I agree.... We need a PR explaining what if any thing
is
going to be done with the CD holders.
It looks like a LOT of
Shares have been issued.....
When will the selling stop?
Ya........
5% would be 5 million shares..... So if GA were selling he should have blew thur them buy now...........
just can't buy anymore without any info.....
A new share count would be nice along with a PR
Thanks for the info.....
Some one Dumped today....
He ran the share count up
before
SW took over the company....
Or could it be GA dumpiing the shares?
What stake will Gary Ackles have in valor?
Well this is the rumor........
"They have reached some accommodation with the CD holders and we should expect a PR explaining the details. He agreed with my recent post on the subject (post #824) that it is in the best interest of the CD holders not to just dump shares"
It appears around 1 million more have just been dumped.......
I guess since there is no PR as of yet... The Accommodation could be ...... The CD holders will not let the share price fall below .001?
Just seculation on my part.....
I hope we see a pr soon.....
It appears so,,,,,
Who is buying it that is the Question?
Looking at the chart.... This is their 3rd helping,,,,
Are we past 110 milliom OS?
This is not making any sense.........