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If you go back to my original post, you can see why I'm splitting hairs
Where in this PR does it say that Madrid is providing the loan/money?
Syndication Inc., (Other OTC: SYNJ.PK), The Company announces that on January 18th, 2010 McCutcheon Marshall Jr., President and Chairman of the Board for Sentinel Renewable Energy S.C. Inc. and Pinnacle Energy Inc., the wholly owned energy subsidiary of Syndication Inc., agreed to the terms and executed a loan commitment for a $5 million dollar, 10 year loan, bearing interest at a rate of 4% annually. The Company's cash match requirement is $1.5 million bringing the total asset commitment for the Kingstree South Carolina Bio-diesel Manufacturing facility project to $6.5 million dollars.
When the CEO, Brian Sorrentino was asked to comment on the financing he stated, "As mentioned in earlier news releases, the Company will continue to pursue multiple sources of financing however, we are extremely excited about this particular arrangement.
The Madrid finance group is already considering finance packages for additional projects in our Energy City agenda, specifically the Palmetto Gas Pipe Line. They are reasonable in cost, faster and more predictable then the government, extremely well capitalized and motivated to grab - with us - a piece of South Carolina and the renewable energy revolution. I can't ask for a better partner.
I didn't say the PR was unclear about what the loan was for
No, you don't understand the data. You never responded to my last post
You're right Tu
It's because there's very little black & white, but lots of grey
Notice how they never actually say Madrid is connected to the Loan/Plant, only that they are "considering finance packages for additional projects"
Information about Visteon Corp Case No. 09-11786
DISCLOSURE STATEMENT HEARING: Please take notice that a hearing will commence on April 13, 2010 at 10:00 a.m. prevailing Eastern Time before the Honorable Christopher S. Sontchi, United States Bankruptcy Judge, in the United States Bankruptcy Court for the District of Delaware, 824 Market Street, Wilmington, Delaware 19801 to consider the Debtors' Motion for Entry of an Order (A) Approving the Adequacy of the Debtors' Disclosure Statement; (B) Approving Solicitation and Notice Procedures with Respect to Confirmation of the Debtors' Proposed Plan of Reorganization; (C) Approving the Form of Various Ballots and Notices in Connection Therewith; and (D) Scheduling Certain Dates with Respect Thereto.
http://www.kccllc.net/visteon
I've had this stashed away for a while
There are three types of late reports
Those with a time stamp within a minute and a half after closing are just normal 90 second delays
Rule 6620.1 OTC Market Makers shall, within 90 seconds after execution, transmit through ACT last sale reports of transactions in OTC Equity Securities executed during normal market hours.
In this case the market makers may have conducted a trade within seconds of closing, but is delayed in reporting until after closing it is showing up a minute after closing. This delay, which is permitted, is often misconstrued as manipulation.
And then we have those later than 90 seconds after closing. These trades fall into two categories and typically involve larger size lots
This is sometimes used by financial institutions that are non market makers to report larger transactions that actually occurred during market hours, but since they do not have access to the ACT (Automated Confirmation Transaction Service) use Form T to report. In essence, bypassing the MMs.
MMs are basically prohibited from these "Off Market transactions"
A pattern or practice of late reporting without exceptional circumstances may be considered conduct inconsistent with high standards of commercial honor and just and equitable principles of trade, in violation of Rule 2110.
These ”Off Market” trades are typically used by larger investors to buy larger lots at prearranged prices without risking driving the price upward or downward.
The second category involves so called “ex-clearing” lots. Certain transactions may clear and settle outside of the regular clearing system ("ex-clearing" transactions), where two dealers make an arrangement to settle trades between them outside the clearing system.
The process used to balance street side transactions depends on the type of comparison generated, and the settlement method for the particular trade.
Trades Comparison is accomplished in one of two ways:
1. Electronically through the use of an automated clearing house such as the NSCC. This the normal way
2. Manually via Ex-Clearing. Ex-Clearing is a manual comparison process that is performed by the brokerage firm’s Purchase and Sales Department. Unusual short coverings can end up settled this way.
I was trying to figure that one out myself, but I couldn't wrap my head around it. Thanks LOL
Are you sure about the 3.5M loan?
Is this where you get the information that leads you to believe they got the loan?
01/26/2010
The Company announces that on January 18th, 2010 McCutcheon Marshall Jr., President and Chairman of the Board for Sentinel Renewable Energy S.C. Inc. and Pinnacle Energy Inc., the wholly owned energy subsidiary of Syndication Inc., agreed to the terms and executed a loan commitment for a $5 million dollar, 10 year loan, bearing interest at a rate of 4% annually. The Company's cash match requirement is $1.5 million bringing the total asset commitment for the Kingstree South Carolina Bio-diesel Manufacturing facility project to $6.5 million dollars.
------------------------------------------------------------------
Another way to read it - take out Mack's title description
The Company announces that on January 18th, 2010 McCutcheon Marshall Jr. agreed to the terms and executed a loan commitment for a $5 million dollar, 10 year loan, bearing interest at a rate of 4% annually. The Company's cash match requirement is $1.5 million bringing the total asset commitment for the Kingstree South Carolina Bio-diesel Manufacturing facility project to $6.5 million dollars.
Who got the loan? Mack? SRE? SRE SC.? MEG? Who knows. One things for sure, they do say the Company (SYNJ) put up the cash match requirement.
I don't beleive PR's from pinks, never have, never will. Just ask Tu, he knows.
Here's another example
Q: MMA receives from an institutional customer an order to sell 100,000 shares with instructions to work the order with a price limit (or “bottom”) of XXXX. MMA sells 75,000 shares to MMB at a price of XXXX per share. Instead of attempting to find the remaining 25,000 shares, MMA fills the entire customer order for 100,000 shares, for a price of XXXX per share (exclusive of any markdown, commission equivalent, or other fee), by trading the 25,000-share balance out of inventory. How is this trade reported? Is part of the order deemed to be “at risk” and part of the order considered to be riskless?
A: Only a portion of the 100,000-share transaction is deemed to be riskless – the 75,000 shares. The remaining 25,000 shares that were executed from MMA’s inventory are considered to be “at risk,” and must be reported to the tape. Thus, MMA will report the sale to MMB of 75,000 shares at XXXX in one ACT report, and separately report the offsetting buy of 25,000 at XXXX from its institutional customer.
MMA reports only a buy of 25,000 and not a buy of 100,000 shares from its institutional customer because the 25,000 is deemed to be “at risk.”
Risk - Reported to tape
Riskless - Tape or Tape and Non-tape
The portion that I can see inflating the numbers would be the reporting of the "riskless" leg to the non-tape, but it can go both ways.
Under-reporting
"Trades in certain classes of securities, such as Rule 144A securities, are reported to the ORF, but not disseminated. Non-disseminated securities will not be included in either the daily short sale volume file or the monthly short sale transaction file."
"Tape reports are submitted to FINRA for public dissemination by the appropriate exclusive Securities Information Processor (‘‘SIP’’), while non-tape reports are submitted to FINRA, but are not submitted to the SIP for public dissemination. FINRA will not be including non-tape reports in either the daily short sale volume file or the monthly short sale transaction file."
"Accordingly, in those instances where the short sale indicator is only included in the related non-tape report, the short sale data published in the daily and monthly files may be under-inclusive. Similarly, the published figures will not include odd lots since these transactions are not disseminated to the consolidated tape."
"Once the Daily Short Sale Volume File is made publicly available at the end of each trading day, FINRA notes that users of such data should not expect the daily and monthly data to reconcile because, among other things, monthly transaction data will include reporting through the end of FINRA transaction reporting hours that terminate as late as 8:00 p.m., while daily volume reports will only include volume reported during regular trading hours."
"FINRA will not incorporate trading information into the daily short sale volume file that has not been executed and reported within the trading day. While members generally are required to report trades in equity securities to FINRA within 90 seconds, a firm could improperly delay reporting of short sales until well after the close, which would result in the under-reporting of over-the-counter short sale volume."
I have to disagree
I never see the word "custody" in my reading, only "riskless"
All those trades, if at the same price, would be deemed "riskless" and therefore could be reported as tape or tape and non-tape.
Ahh, you went to the website
Nice follow through :)
It doesn't clear up anything for me
I just spent two hours trying to figure this thing out because of what you posted. Thanks a lot. JK
Here is some of what I read.
For each trading date, FINRA will post on its web site the daily short sale volume file within a reasonable amount of time after the end of regular trading hours on that trading day. As a general rule, aggregate short sale volume for equity securities executed and reported to any of the FINRA Facilities during regular trading hours will be included in the file. The daily short sale volume file will provide information on the aggregate volume of short sales reported to a consolidated tape out of the total volume of executed trades during regular trading hours on each trading day.
Certain OTC transactions (e.g., riskless principal and agency transactions where one member is acting on behalf of another member) are reported to FINRA in related tape and non-tape reports. Tape reports are submitted to FINRA for public dissemination by the appropriate exclusive Securities Information Processor (“SIP”), while non-tape reports are submitted to FINRA, but are not submitted to the SIP for public dissemination.
FINRA will not be including non-tape reports in either the daily short sale volume file or the monthly short sale transaction file. Accordingly, in those instances where the short sale indicator is only included in the related non-tape report, the short sale data published in the daily and monthly files may be under-inclusive. Similarly, the published figures will not include odd lots since these transactions are not disseminated to the consolidated tape.
Certain over-the-counter (OTC) equity transactions (including OTC transactions in NMS stocks and OTC equity securities, such as OTC Bulletin Board and Pink Sheets securities) are reported to FINRA in related tape and non-tape reports.
For example, a riskless principal transaction can be submitted as a single tape report to a FINRA Facility in the same manner as an agency transaction, marked with a "riskless principal" capacity indicator, excluding the mark-up or mark-down, commission-equivalent or other fee.
Alternatively, members can report an OTC riskless principal transaction by submitting two (or more, as necessary) reports:
(1) a tape report to reflect the initial leg of the transaction with a capacity of principal; and
(2) a non-tape (regulatory or clearing-only) report to reflect the offsetting "riskless" leg of the transaction with a capacity of riskless principal.
Agency transactions in which a firm acts as agent on behalf of another member firm also are reported in related tape and non-tape reports.
For purposes of OTC trade reporting requirements applicable to equity securities, a “riskless principal” transaction is a transaction in which a firm, after having received an order to buy (sell) a security, purchases (sells) the security as principal (the initial leg) and satisfies the original order by selling (buying) as principal at the same price (the offsetting, “riskless” leg).
If Firm A’s capacity is properly marked as riskless principal on the tape report, Firm A would not be required under current rules to submit a non-tape report to FINRA.
There's a lot more if anyone wants to be thoroughly confused, including a lot of examples of trades with many legs.
I understand, I guess I should have specified that not ALL systems need 24/7 supervision.
It's a 24/7 operation, but people don't need to be there 24/7
Denami 600 Biodiesel Processor
Fully Automated
Modules can be monitored and controlled from one or multiple points, locally or remotely
Real-time/Online Monitoring
http://www.methes.com/products-2-1.html
Since CDVT has only one person there, its "officer", and I'm not sure what he's going to do, retire them would be the best thing for us. At least Willy can't sell them, it looks like he already sold some of Wilcom's holding.
This alone is probably not going to do much. They need to start PR'ing the cases they won and get the ball rolling. Unfortunately it looks like the patent is worth less than everybody hoped, but a large amount of settlements could easily offset this.
SENATE CALENDAR Wednesday Convenes: 9:30am
Resume consideration of HR4213, Tax Extenders.
Currently we have 3 amendments pending to the bill, the Sessions amendment #3337 (spending caps) , the Thune amendment (business taxes), and the Landrieu amendment (Go Zone). Senators Murray and Sanders will offer the next 2 Democratic amendments and Senator Bunning will offer the next 2 Republican amendments.
Roll call votes are expected to occur throughout the day on Wednesday.
http://democrats.senate.gov/calendar/2010-03.html
http://finance.senate.gov/press/Bpress/2010press/prb030110b.pdf
On March 2, 2010, the White House released its Statement of Administration position on S.A. 3332 to H.R. 4213:
“The Administration supports Senate passage of the proposed substitute amendment 3336 to H.R. 4213. Passage of this bill will provide much-needed relief to families and to hard-pressed States while encouraging continued job creation by America’s businesses. The importance of longer-term extensions for various authorities and programs – and the certainty that such extensions bring – has been highlighted by the severe problems caused by interruptions in authorities for these programs.
“The bill also includes several other important measures supported by the Administration. The extensions to expiring tax cuts include several provisions that will encourage companies to invest in new technologies and create more high-tech jobs for the 21st century, including extending the research and experimentation (R&E) tax credit for another year. The legislation also extends the tax credit for biodiesel and renewable diesel, providing clean energy companies with the certainty they need to make critical investments in the Nation’s energy future.
“The Administration looks forward to continuing to work with the Congress on these and additional measures to spur private sector job creation.”
http://dpc.senate.gov/docs/lb-111-2-25.html
SENATE CALENDAR Wednesday Convenes: 9:30am
Resume consideration of HR4213, Tax Extenders.
Currently we have 3 amendments pending to the bill, the Sessions amendment #3337 (spending caps) , the Thune amendment (business taxes), and the Landrieu amendment (Go Zone). Senators Murray and Sanders will offer the next 2 Democratic amendments and Senator Bunning will offer the next 2 Republican amendments.
Roll call votes are expected to occur throughout the day on Wednesday.
http://democrats.senate.gov/calendar/2010-03.html
http://finance.senate.gov/press/Bpress/2010press/prb030110b.pdf
On March 2, 2010, the White House released its Statement of Administration position on S.A. 3332 to H.R. 4213:
“The Administration supports Senate passage of the proposed substitute amendment 3336 to H.R. 4213. Passage of this bill will provide much-needed relief to families and to hard-pressed States while encouraging continued job creation by America’s businesses. The importance of longer-term extensions for various authorities and programs – and the certainty that such extensions bring – has been highlighted by the severe problems caused by interruptions in authorities for these programs.
“The bill also includes several other important measures supported by the Administration. The extensions to expiring tax cuts include several provisions that will encourage companies to invest in new technologies and create more high-tech jobs for the 21st century, including extending the research and experimentation (R&E) tax credit for another year. The legislation also extends the tax credit for biodiesel and renewable diesel, providing clean energy companies with the certainty they need to make critical investments in the Nation’s energy future.
“The Administration looks forward to continuing to work with the Congress on these and additional measures to spur private sector job creation.”
http://dpc.senate.gov/docs/lb-111-2-25.html
Maybe they're done selling?
NOTE 10 – SUBEQUENT EVENTS
The Company entered into a convertible debenture with Venture Capital International on January 26, 2009 in the amount of $16,000. This convertible debenture is due on January 26, 2010. The note has an interest rate of 4.45% per annum. The holder converted $8,000 of the outstanding balance on December 22, 2009.
Subsequently, on January 6, 2010, the holder of the debenture converted $400 of the principle balance of the debenture for 280,000 shares of Company common stock on that date the stock was trading at $.034 where $400 will reduce the principle balance of the debenture and $9,120 will charged to interest expense.
On January 22, 2010 the holder of the debenture converted $4,350 to 3,000,000 shares of Company common stock on that date the stock was trading at $.035 where $4,350 will reduce the principle balance of the debenture and $100,650 will be expenses to interest expense.
A wink is as good as a nudge to a blind bat
Very good point regarding the A/S increase
BS just come out ans say it was to help pay off Cornell, and then show it in a filing that it was more than a couple thousand.
I'd rather here about that than the "Palmetto Pipeline"
Yes, I know it's not a bad thing, I just haven't had the time to look for both. In all my stocks, and most everything in life, I want to know the whole truth.
I totally agree, I always want to know both sides of the story. For the majority though, I've left the task of finding the negative stuff to others.
That's right Tu, and as of now, the total assets of SYNJ is 18% of SRE SC., and Sy-Med if it's still in business.
December:
So evidently he wasn't doing anything about the divy situation which leads me to believe he wasn't doing anything about the no-buy list.
Thanks for putting my request up as a sticky whoever did it
NEWS: 03-02-10 Biomoda Awarded Patent Securing Assay Formulation and Use
Biomoda, Inc. (OTCBB: BMOD) (www.biomoda.com) was today awarded U.S. patent 7,670,799, entitled, "Composition and Method for Making 5, 10, 15, 20- Tetrakis (Carboxyphenyl) Porphine (TCPP)" directed to Biomoda's proprietary TCPP formulation for cancer and pre-cancer cell identification and analysis and a method of making the TCPP formulation.
“This new patent further strengthens and secures Biomoda’s market position for early cancer detection,” said John Cousins, Biomoda’s President. “It reflects the continuing and successful research and development that is an essential part of our Company.”
Biomoda's patented cancer and pre-cancer cell based diagnostic assay is trademarked under the name CyPath®. Patent 7,670,799 together with Biomoda’s U.S. patents 6,838,248, entitled "Compositions and Methods for Detecting Pre-Cancerous Conditions in Cell and Tissue Samples Using 5, 10, 15, 20-Tetrakis (Carboxyphenyl) Porphine" and 7,384,764, entitled "Methods for Prognosing Response to Cancer Therapy with 5, 10, 15, 20-Tetrakis (Carboxyphenyl) Porphine" protect the method of detecting cancerous conditions and prognosing responses to cancer therapy with TCPP.
The TCPP platform is the foundation for CyPath®, an in-vitro test for the detection of early-stage lung cancer that currently is completing Phase II clinical trials. Study volunteers have provided deep-lung sputum samples to be screened for cancer with the CyPath® assay in the Biomoda laboratory. Results are compared to CT scans and Pap stains read by independent radiologists and cytopathologists, respectively, to confirm accuracy.
Biomoda is seeking Food and Drug Administration (FDA) approval of CyPath®, its cytology-based screening technology as a Class III medical device. Multisite Phase III trials, the final step before FDA approval, are scheduled to begin in 2010.
About Biomoda
Biomoda (www.biomoda.com) is a cancer diagnostics company focused on the development of accurate, inexpensive and noninvasive tests for the early detection of cancer. In addition to its first product for lung cancer, diagnostic assays for cervical, breast, colorectal, bladder, and oral cancers are targeted for development.
Current research and development operations, laboratory functions and administrative offices are located in Albuquerque, N.M.
Forward-Looking Statements
This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on estimates, projections, beliefs and assumptions of Biomoda management at the time of such statements and are not guarantees of future performance. Forward-looking statements involve risks and uncertainties in predicting future results and conditions. Actual results could differ materially from those projected in these forward-looking statements due to a variety of factors, including, without limitation, the acceptance by customers of our products, our ability to develop new products cost-effectively, our ability to raise capital in the future, the development by competitors of products using improved or alternative technology, the retention of key employees and general economic conditions. Forward-looking statements are made as of the date of this document and are subject to change without notice.
Biomoda, Inc.
John Cousins, 505-821-0875
Copyright (2010) Business Wire All Rights Reserved.
http://businesswire.b2hm.com/reader.php?p_pid=1&p_instance=1-5&feed=http%3A%2F%2Flocalhost%2Fbuzdata%2Fbwnews_feed.php%3Fp_search%3D6%26search_str%3Dbmod%26p_time%3D1&p_item=0&p_next=0&HORNET=45100dcd803b86abfd3b955d732ca960
It's really not that interesting, but here's the company that produces the Denami's
http://tkmodular.com/
Methes doesn't make the Denami's, Turn-Key does.
Most likely it is shipped directly from them and Methes never see's the equipment. From what I've read, I think Turn-Key can provide all the processors Methes asks for.
BIG NEWS
Card Activation Technologies, Inc. FORM 8-K 3/01/10
Return of Shares of MedCom and Card by Releasees
Within three(3) days of the execution of this Agreement by all Parties, Releasees will transfer all shares of Card and MedCom owned or controlled, directly or indirectly, by one or more of them to MedCom or Card.
Releasees own or control shares of MedCom and Card in the following totals, which will be transferred to MedCom or Card as stated above:
WilCom, Inc. owns 3,018,333 shares of MedCom and 7,233,333 shares of Card.
Williams Family Trust owns 2,586,500 shares of MedCom and 2,586,500 shares of Card.
William P. Williams owns 50,000 shares of MedCom and 10,000 shares of Card.
Eva Williams owns 200,000 shares of MedCom and 200,000 shares of Card.
Nortel owns 20,801,169 shares of MedCom and 20,172,044 shares of Card. Releasees other than Nortel own a cumulative total of 70 percent of Nortel's outstanding shares, and thus Releasees will cause the transfer of 70 percent of the shares of MedCom owned by Nortel (14,560,818 shares) and 70 percent of the shares of Card owned by Nortel (14,120,431 shares) to MedCom or Card.
http://www.secinfo.com/d12Pk6.r8R7.d.htm
I don't know why, but for some reason I keep focusing on CHDN on the ask
CHDN |Chardan Capital Markets LLC
It's just another big riddle added to the growing list of unknowns...
What comes very soon but never actually happens?
Exactly, it is one number, and the only way to join that total is to be marked as Z, C, or P
There's a few reasons for the variance of all the numbers
All trades are reported using one of the following trade entry message values
Very good point
This is what we know about MET NC.(SC.) and SUN SC.
MET NC.(SC.), SUN SC., and SRE SC. all have the same incorporator - Carlos Serrano
MET NC.(SC.), SUN SC., and SYNJ all have the same mailing address - PO Box 503 Damascus MD 20872
The Officer/Director of both MET NC.(SC.) and SUN SC. is Richard Rossi
Syndication Inc. reported that it has engaged the 'Rossi Law Firm' to handle the project developments of its Pinnacle Energy Division. Mr. Rossi is a Principal of the firm with over 20 years of experience at securities law, international legal affairs and direct investment.
Syndication Inc. News
SRE SC. Shareholders
SRE - 51%
Pinnacle Energy - 18%
MET NC. - 18% (Listed here as "NC", but incorporated in Florida as "SC")
SUN SC. - 13%
SRE SC. Articles of Amendment
SUN SC. is exactly the same
Florida SOS - SUN SC.
Florida SOS - MET SC
I can't believe we're having this discussion again LOL
So you're saying the newly formed and registered SRE SC (which is not connected to SRE MD or SEN Solar) merged with Pinnacle.
Man, I wish they called SRE SC something else from the start.
Didn't they already merge Sentinel Solar, LLC (SRE) with Pinnacle?