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3 million shares traded LMFAO !! You guys still think AONEQ is going to $1.00 and Obama block the WANXIANG deal......unbelievable !!!
It will not get pass. It did not in the past and it will not on April 5th . My personal opinion of course .
I am a NO also on R/S
Very good read it seems that I am under estimating his ability to bring back CERP to Nasdaq
Boooyaaaa!!!! Go CERP
Same here bud ... $$$$1.00
Rollercoaster ride today !
Look out down below
Good point! and long shareholders may want this to take a dip close to .03 reason being is that they need the shares to vote on April 5th, ..... Shareholders with record closing on February 15th will only be able to vote and they want to have control ... The next 2 days should be interesting .... This is all my opinion
Proposals: These proposals are fully set forth in the accompanying Proxy Statement, which you are urged to read thoroughly. For the reasons set forth in the Proxy Statement, your Board of Directors recommends a vote “FOR” Proposals 1 and 2. The Company intends to mail the Proxy Statement and Proxy Card enclosed with this notice on or about , 2013 to all stockholders entitled to vote at the Special Meeting. Only stockholders of record at the close of business on February 15, 2013
With good news this stock can go up really fast , this is a good year for CERP and the chances of bankrupsy is very slim the projections are very good according to the CEO but do not think this is going to $1.00 or even .50 CERP has a big operating cost and they are not on the big board but if they manage some good deals in the near future they will be ok.
I know .. ... Just showing what dilution looks like .
THIS IS DILUTION :
(2) IBC Funds, LLC beneficially owns 17,482,928shares of common stock of Cereplast, Inc., par value $0.001, representing approximately 9.0% of the outstanding shares of Common Stock. On January 25, 2013, IBC Funds entered into a private debt purchase transaction with various shareholders of Cereplast, Inc. The shares of Common Stock reported herein were issued pursuant to a conversion of such purchased debt, with 4,782,928 of the reported shares being issued on January 29, 2013 and 12,700,000 being issued on February 4, 2013.
Choooooo. Choooooo!!!
I am in for the run ...
I did not get my buy under .04 :(
Way too much dilution on this stock !!!
EL SEGUNDO, Calif., Oct. 26, 2011 (GLOBE NEWSWIRE) -- Cereplast, Inc. (Nasdaq:CERP), a leading manufacturer of proprietary biobased, compostable and sustainable plastics, has completed its purchase of a manufacturing plant in Assisi (Cannara), Italy that will serve as the hub for the company's European bioplastics production. This initiative enables Cereplast to further expand its capabilities to produce and deliver bioplastic products to the European marketplace.
"This purchase reflects Cereplast's strong commitment to serving Europe's burgeoning bioplastics market and we're proud to be the first bioplastics manufacturer to have production facilities on two different continents," said Frederic Scheer, Chairman and Chief Executive Officer of Cereplast. "This new plant strengthens our ability to meet soaring demand for bioplastics in the region, which is expected to reach one million tons by 2014 according to European Plastics, representing an approximate 33% increase per year. Upon completion of the first phase of development of the plant, we will have dramatically expanded our manufacturing capacity from 36,000 tons to 86,000 tons which will enable us to satisfy the accelerating number of supply and distribution agreements we continue to secure."
Monte De Paschi di Sienna (MPS), a leading Italian bank, is providing funding that will cover the majority of the costs associated with the purchase and refurbishment of the facility. IntesaSanPaolo Bank participated as well in opening credit facilities totaling over one million euros to Cereplast Italia SpA with the support of Eurofidi. The remainder of the project will be subsidized with loans and grants from local government agencies.
Scheer continued, "We were pleased to work with top-tier Italian institutions like MPS and IntesaSanPaolo to finance this facility and accomplish this significant milestone for our company in an overall challenging economic landscape in Europe. The support of local institutions coupled with the commitments of local government agencies underscores Italy's dedication to job creation, clean technology, the environment and the potential benefits that Cereplast can bring to the region."
Vinicio Bottachiari, Executive Director of Sviluppumbria SpA, a regional organization that promotes economic development in Umbria, Italy said, "Sviluppumbria is committed to helping further develop the economy in Umbria while also improving the overall social and environmental quality in the region. We are pleased to welcome Cereplast's new bioplastics facility in Assisi, as not only will it create new jobs, but the material that it manufactures is earth friendly and offers a lower carbon footprint. With the ban on plastic bags that was passed this year in Italy, demand for bioplastics is expected to increase exponentially as manufacturers seek out alternatives to traditional plastic."
Management estimates the total cost of the purchase and refurbishment of the facility will be approximately 12 million euros. The company intends to build a 125,000 square foot plant with capacity of approximately 100,000 tons or about 220 million pounds, which will be completed in two phases. The first phase will allow for a 50,000 ton capacity with manufacturing expected to begin by the fourth quarter of 2012, with the second phase expected to be completed based on market demand. Being developed on the site of a former industrial plant, the company expects to benefit from existing infrastructure, including its chemical site permit.
That will change I bet to 20% or more
What is that 6.5 million buy ? When was it done ?
But this is an easy obstacle to overcome, besides that is just Italy how about India?
CERP will exceed 2011 revenue with Italy alone . IMO
You heard it from BNN ? sorry but never heard of it ... Link please
Sorry 2013
"With several hundred million euro potential revenue for the bio plastics industry in 2012 "
Sub penny on the way with AONE
GE does not need AONE neither does FORD and GM may cancel contract with new WANXIANG as a buyer ... And those are real facts !!
There is still buyout rumors about CERP and if it is true that would make sense why insiders are not buying now ... Give it a couple of weeks
This is going to low .02's again will wait till then ...
No way R/S will happen with that little of shares owned by directors .....
$1.00 for shore with the R/S
.028 coming !!!
Going down!!!
Told you .038 got my cheap shares
Dip to .03 or .02 today ? Someone said earlier that they are unloading a few million shares ...
CERP SHOULD BUY BACK SHARES !!!! REVERSE SPLIT WILL KILL SHAREHOLDERS!!!
VOTE "NO" on R/S
After the sales close and the bankruptcy process is complete, the common stock will be cancelled and we will “go dark” by making a filing with the SEC that will officially terminate the registration of the stock.
You people should call LOGANDO the lawyers that are representing AONE in the bankruptcy . I did and they put back the shareholders information just as I requested .
SHAREHOLDERS WILL GET ZERO ZILCH, NADA NOT A PENNY ...