Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
OT: Nice call on RGUS. eom.
Did the poopy shorties cover yet? MM's seem to be making it easy to cover! LOL!
Why alternate energy??
Also buy and hold oil stocks and learn Chinese! LOL!
"Over the long term, experts say China's energy appetite will only continue to expand. If its oil demand keeps growing at an average rate of 7% a year, as it has since 1990, the country in less than 20 years will be consuming 21 million barrels a day—matching the current consumption of the U.S. "There's a big question mark as to whether that's sustainable," says Wu."
http://www.time.com/time/asia/magazine/article/0,13673,501041025-725174,00.html
rodrth: I haven't taken a look yet at all the companies. From what I've heard from the "TV experts", fuel cell are a long way off, maybe 10 years, except for some small niche markets.
One of the companies, ZOLT, makes carbon fibers and may be worth a look now because of it's on-going business. I'm watching for an entry point. I may take a look at the ECO index when it starts trading next year.
Zoltek Reports Largest Ever Commercial Carbon Fiber Supply Agreement
http://biz.yahoo.com/prnews/041216/cgth069_1.html
Alternative Energy Gets Real
(Merry X-mas to all and may your penny holdings grow to $$$,
check out the WilderHill Clean Energy Index in the last paragraph)
Thursday December 23, 8:19 am ET
By John Carey
Renewable energy is booming. The use of solar power has been growing by more than 30% a year and, except for a hiccup in 2004 -- when Congress delayed renewing a tax credit -- so has wind power. Ethanol is heading for record production levels. And there's no end in sight, given high oil and gas prices, an increasing number of government mandates and incentives, and the first real steps toward tackling global warming. Clean Edge Inc., a research and strategy consultant, predicts that the total clean-energy market will grow to $92 billion by 2013, about seven times its current size of $13 billion. "The investment community is starting to see real opportunities," says Ron Pernick, co-founder of Clean Edge.
But buyer beware: Many of the leading companies supplying the technology to produce renewable energy still aren't profitable. Often the pros are divided on just which are the leading companies. In fact, today's renewable business is reminiscent of the computer industry in the early 1980s, "when no one knew who the winners would be," says Carsten Henningsen, chairman of Portfolio 21, a mutual fund that invests in environmentally conscious companies. That's why many analysts and fund managers recommend investing in a basket of companies. "People should try to pick companies positioned to be winners and get enough of them," says Henningsen.
Wind might produce the biggest winners. A U.S. tax credit of 1.8 cents per kilowatt-hour is in place until 2006, and 19 states now require electricity producers to generate part of their power from green sources. Energy information and services company Platts, like BusinessWeek part of The McGraw-Hill Companies (NYSE:MHP - News), expects that most of the new sources will be wind. One beneficiary could be Denmark's Vestas Wind Systems, the world's biggest turbine manufacturer, which is listed in Copenhagen and trades over the counter in the U.S. "It is profitable, and there is more certainty and a more favorable political climate surrounding wind than solar or hydrogen," says Henningsen.
Fuel-cell companies are also catching the eye of investors. Their stocks are way down from the speculative peaks of a few years ago, but their products are finally becoming a compelling alternative to diesel-powered backup generators, says Walter Nasdeo, managing director of New York-based Ardour Capital Investments LLC. And they hold the promise of clean, efficient, hydrogen-powered cars, provided costs come down. Nasdeo is bullish on FuelCell Energy Inc., which he expects to reach $17.50 in a year, from $8.45 now.
A buy-and-hold strategy combined with some selective trading may be the best strategy for cashing in on the alternative-energy boom. "If (FuelCell Energy) goes to $14 or $15, you should take a little profit, then wait until (it) pulls back and buy some more," says Nasdeo. Eventually, he expects one of the renewable energy stocks to hit it big. In addition to FuelCell Energy, Nasdeo sees potential in Evergreen Solar (NasdaqNM:ESLR - News), which makes solar cells; American Superconductor (NasdaqNM:AMSC - News), which makes highly efficient superconducting wire and power-regulation devices; and two other fuel-cell makers, Hydrogenics (NasdaqNM:HYGS - News) and Plug Power (NasdaqNM:PLUG - News).
Portfolio 21's Henningsen also sees opportunities now to buy companies with beaten-down stocks. His own holdings: Vestas; fuel-cell makers Ballard Power Systems and Plug Power; and IMPCO Technologies (NasdaqNM:IMCO - News), which focuses on devices for car engines that use alternative fuels. After a fall for these stocks in 2004, "now may be the time to buy," he says.
If investors don't have the time or stomach to juggle a portfolio of individual stocks, they could buy into a fund that specializes in renewable-energy stocks. An interesting choice is the WilderHill Clean Energy Index, set to debut in early 2005. It's the brainchild of Robert J. Wilder, who put together an index of clean energy stocks five years ago as a hobby. It now includes everything from fuel-cell companies to suppliers of carbon fiber for turbine blades and makers of hydrogen. The index soared during the tech boom, plunged, and is now up 26% since August. "There are about 40 representative stocks -- and any one of them might do well," says Wilder. In other words, with a big enough basket, renewable energy could charge up any portfolio.
OT: Hongcouver: Some guys have all the luck! LOL!
the daemon: If you are talking about my post, I wouldn't be that stupid to post a phony email reply on a public message board, and I saved a copy of the email just in case some idiot like you wants to hire a lawyer and see the whole thing. See you around, get some medical help for your paranoia.
Reply from Berlin, FWIW:
Subj: AW: "Naked shorting" accusation.
Date: 12/22/2004 6:01:26 AM Eastern Standard Time
From: andreas.weihmueller@boerse-berlin-bremen.de ("Weihmüller, Andreas")
To: XXXXXXXXXXXXXXXXXXXX
CC: eva.klose@boerse-berlin-bremen.de (Klose, Eva)
File: 34-50103.zip (239410 bytes) DL Time (48000 bps): < 1 minute
Dear Mr. XXXXXX,
I remember the company files an application to cease trading.
My personal opinion is that there are a lot of rumors in the US about naked short and Berlin Stock Exchange.
Fact is, in nearly most stocks there are no short sales on our Exchange.
I think lawyers see a business modell in "delisting". And it´s easy to earn money.
BTW:
In september 2004 the short sale rule has been changed in the US by the SEC. That means you can made the SHO in the most AMEX, NYSE and NASDAQ listed stocks (see attached) but not in the OTC -BB traded companies. Then we can see more clear I think.
And there is a class action law in the US (Nevada) against the DTC cause the clearing organisation has injured the US rules regarding monitoring and self execution in short slaes!
Mit freundlichen Gruessen / with kind regards
+++ A n d r e a s W e i h m u e l l e r
+++
+++ Justitiar
+++ Leiter der Zulassungsstelle Wertpapiere
+++
+++ Boerse Berlin-Bremen
+++ Fasanenstr. 85
+++ 10623 Berlin
+++
+++ mail andreas.weihmueller@boerse-berlin-bremen.de
+++ web http://www.boerse-berlin-bremen.de
+++
+++ phone +49 (0) 30 31109147
+++ fax +49 (0) 30 31109178
the daemon: That's good. Maybe by concentrating on who I am will take your mind off your investment. Maybe you could work on a good conspiracy theory too. If it will make you happier in your pile of chit, I won't post anymore.
TRCPA: What nutcracker said, plus I have followed many, many stocks over the years. In the long term, the companies that grow and make money and profits go up, the ones that don't go down. Short term, anything can happen depending on hype, "bad" news, etc. The market is a pretty good clearing house in the final analysis. FASC has been around a long time as a "start-up", had plenty of "potentials", now the market is speaking. Basically, IMO, anyone here with a huge holding is screwed. There isn't even enough daily volume to get rid of many shares.
sambeaux: Thanks for info. Looks to me like this was a non-issue and FASC paid lawyers to stop something that wasn't happening. Volume and price indicates same old "action", and I bet the OS went up with the delisting "news". What will you guys do for excitement now, make a complete list of the uses for palm oil? LOL!
MEM worth a look? Came off a double bottom and 13-day ema crossed over 50-day ema. Maybe not a quick swing trade, but a buy and hold until January.
OT: rodrth: Check this guy out at Clearstation. He specializes in lower priced stocks and does very well. He is not ranked high because he holds his winners and sells the losers via stop loss ("sells" are at the bottom of list). Clearstation seems to rank members higher based on their winning sells, so a good stock picker may not be ranked high. I automatically get an email when he makes a pick. Good luck to you and Happy Holidays!
http://clearstation.etrade.com/cgi-bin/drill_recommend_positions?PortfolioName=recommend&usernm=...
OT: rodrth: If you are looking for honest success stories on messages boards, lots of luck! LOL! Check Clearstation out, those members have rec lists, buying and selling on record and ranked. If you sign up, you can select individual members recs emailed to you as they post them. All different styles of investing.
http://clearstation.etrade.com/cgi-bin/recommend
Cardinal Richelieu: You are right, I think they are basically saying we don't want to lose customers to another broker!
Actually, if FASC was able to get a quick delisting, it probably means there was very little activity on the Berlin exchange:
"Further, we also have to consider investor's interests that don't allow us to cease trading due to the trading activity until now. We have to ensure that German investors have the possibility to also sell their shares on a German market. Please understand that cessation of trading in the shares of ImageWare Systems, Inc. is not possible."
So basically the Berlin exchange fights delisting if they have a large number of investors involved in a stock. My guess is FASC may go up on the delisting news for a while, then fall back if the company can't provide any "meat" to the bottom line.
In at least one case, Berlin refuses to delist:
http://www.zangani.com/modules.php?name=News&file=article&sid=95
(snip) "Naked shorting" is a completely different kind of striptease act. There is no borrowing of shares, so there can be no returning them to the buyer. This can result in more shares being traded than were actually issued, diluting the value of the stock, which can lead to panic among legitimate investors as share prices are driven sharply lower.
Until the Securities and Exchange Commission began cracking down on the practice of naked short selling, Canada was a prime location for these operations. Now they've apparently moved overseas to Germany, to the Berlin-Bremen Stock Exchange. In fact, Investors Business Daily has said that a single broker at market-maker Berliner Freiverkehr is primarily responsible for listing hundreds of companies on the bourse without their knowledge.
Naked Shorting in Berlin--OUR TAKE (Motley Fool)
By Rich Duprey
June 25, 2004
Despite sounding like the scene from a risque, smoke-filled cabaret, hundreds of companies are finding themselves set up to be the victims of a naked shorting scam on a small and, until recently, unheard-of German bourse, the Berlin-Bremen Stock Exchange.
Short selling is a perfectly valid tactic of investors. Oftentimes, it is a short seller who uncovers the dirt of a seedy operation, or at least some weakness in a business plan. Professional short sellers are known to be very thorough in their research.
In a regular equity transaction, an investor buys shares of a company and goes "long" in the hopes that they will go higher. When it does, she sells the stock and pockets the profit. She's buying low and selling high.
A short sale works the same way, only backwards.
When an investor shorts a stock, he borrows shares from a broker's inventory and puts them back on the market, hoping the price of the shares fall. He's actually borrowing shares from someone who is long. If the price falls, he buys them back (called "covering") at the lower price and returns them to the broker. He, too, pockets the profit by selling high and buying low.
The Motley Fool's old Rule Breaker portfolio even shorted companies on occasion, like it did with Guitar Center (Nasdaq: GTRC) and Sirius Satellite (Nasdaq: SIRI).
"Naked shorting" is a completely different kind of striptease act. There is no borrowing of shares, so there can be no returning them to the buyer. This can result in more shares being traded than were actually issued, diluting the value of the stock, which can lead to panic among legitimate investors as share prices are driven sharply lower.
Until the Securities and Exchange Commission began cracking down on the practice of naked short selling, Canada was a prime location for these operations. Now they've apparently moved overseas to Germany, to the Berlin-Bremen Stock Exchange. In fact, Investors Business Daily has said that a single broker at market-maker Berliner Freiverkehr is primarily responsible for listing hundreds of companies on the bourse without their knowledge.
Most of those listed without their knowledge are small, over-the-counter stocks like 5G Wireless (OTCBB: FGWC) and China Wireless (OTCBB: CWLC). Not exactly household names and thus more easily scammed. But a few other larger companies have been affected as well. Teva Pharmaceuticals (Nasdaq: TEVA), Check Point (Nasdaq: CHKP), Amdocs (NYSE: DOX), and Koor Industries (NYSE: KOR) have all found themselves trading on the bourse without their consent.
The insidious practice caused GoAmerica (Nasdaq: GOAM) to be threatened with delisting from the Nasdaq SmallCap Market. It claims its stock was manipulated on the Berlin-Bremen exchange and that caused it to fall from Nasdaq's good graces. It is appealing the decision.
Companies have been demanding that their stocks be removed from the German exchange in droves. For the most part, the bourse has complied, but it takes into account how long the shares have been trading there, whether they are also listed on other exchanges, and whether the listing standards in the company's home market are similar to those of Berlin-Bremen. It, of course, denies any wrongdoing.
Short selling is a valid investment strategy, one even practiced here at The Motley Fool on occasion. Yet the practice of naked shorting has left many companies feeling, well, naked.
Fool contributor Rich Duprey feels the public would be traumatized if he were to go naked. He does not own any stocks mentioned in this article.
edfrank: Thanks for info. Let's see if they got the job done. I think I have seen other companies that were having trouble getting delisted, maybe FASC did it right via attorney.
I sent copy of the PR to Ms. Klose and asked for comments. I bet they have a standard reply with all the negative publicity in the past year! LOL!
Maybe Eva Klose could answer any questions:
For further questions please do not hesitate to ask us.
Eva Klose
Public Relations Department
Telephone : 030 / 31 10 91 - 25
eMail : eva.klose@boerse-berlin-bremen.de
Here's the English link for the Berlin exchange. Use 909292 in the quote box for FASC. See what it does Monday, it still shows listed, IMO, or there would not be a quote for it.
http://www.berlinerboerse.de/index.html?LANG=en
lighthawk: Could you provide more info on that stock that went from 0.013 to $3.80 after delisting? Were there other factors that may have influenced the pps? TIA.
Cardinal: Your absolute arrogant certainty seems somewhat silly when I look at old reports, but good luck!
TECHNICAL RESEARCH REPORTS inc.
Specializing in Corporate Communications
70-5O Austin St., Ste 104, Forest Hills, N.Y 11375 (718) 268-3300
August 18, 1997
Dear Investor,
It has been a long time coming but finally it is coming. After drifting down from over $2 per share two years ago to a low of $0.10 in May the shares of FIRST AMERICAN SCIENTIFIC CORP are at the beginning of what appears to be a major breakout as indicated by the stock chart on the other side. There is good reason for this breakout. Because of internal developments FASC is now a strong growth company whose products will withstand a correction in the overall market In fact, a market correction would have money looking for a home and, because its products are at least partially recession proof, notably the agricultural application and the sludge application, First American might very well attract such money.
FASC has signs of becoming a power house and at the current price level its shares are clearly a bargain. There are four relevant developments:
1) A recent news release indicates revenues of between $175.000 and $200.000 for the month of July from the Bakersfield plant. The company has acquired the rights to sell TurboMix, a gypsum dispensing machine, to growers who do not have it and then sell gypsum products to these growers to be used by the machine. Ten systems have been sold to date and sales for the year are estimated at 200. FASC has added three full time sales persons and is now a full service company which can sell a full line of solution grade soil amendment products.
The market for soil amendment products is vast. Anywhere there is irrigation there is potential use for FASC equipment and soil amendment products. Approximately 7.6 million.. acres are under irrigation in California which is 15% of the U.S. total with a potential for 76,000 dispensing machines. At the end of 1996 there were only 3,000 machines installed. There are 50 million acres under irrigation in the U.S. and 540 million acres world wide. The use of gypsum reduces water consumption by 25%.
2) Tests by Phoenix Environmental Services and a group from Texas have shown that using the micronizer sewage sludge can be converted into a substantially dried (85% solids) state. The micronizer reduces coliform count by 99.99% and fecal coliform by 100%. This opens up a broad range of possible applications for manufacturing value added product which converts a disposal problem into a resource. FASC expects to have a system in operation in a plant some 60 miles east of Vancouver, British Columbia by October. It will be a real time, online operation which will demonstrate the technology to representatives of numerous municipalities and private operators of sludge collection throughout North America.
3) FASC has just completed initial testing of the waste rubber recycling applications for its micronizer technology. Particle sizes averaged -220 mesh. Interest in this grade of processed rubber from major tire manufacturers is high as is interest in obtaining this grade of rubber particle if cost and quantity expectations can be met. There is no other method presently available which can achieve this grade of rubber. In addition to tire manufacturers, interest has been expressed by companies involved in retreading, undercoating and plastic injection molding FASC is developing a program the objective of which is to have a commercially viable product in the first quarter of 1998.
4) Finally, First American Scientific Corp has received a full patent on its micronizing machine and technology and has acquired the exclusive right to use this machine and technology for any application and anywhere in the world. It has also acquired the right to manufacture and market the micronizer.
Over the past 2 years the market has severely discounted the share price because severe funding problems of the company threatened its survival. The company has not only survived but has blossomed. FASC is now in a strong cash flow position which is about to advance to an earnings position. But the market has yet to factor in this reversal of fortune and reprice the shares appropriately. This provides a buying opportunity for the alert. With developments coming on stream rapidly the shares are markedly undervalued at current levels.
First American trades under the symbol FASC on the NASD Bulletin Board.
The company can be reached at 409 Granville St #303, Vancouver, B.C. V6C 112
604-681-8656; toll free 1-800 561-8656; fax # (604) 84-7572
Very truly yours,
Ed Fishbaine
Editor
Trapped rats? Do you mean present bagholders were sucked in to buy more? I don't understand.
TRCPA: Unless you are a trader here, maybe you should read this: Be a "Penny Stock" Millionaire!
By Tom Gardner and Rex Moore (TMF Orangeblood)
December 17, 2004
Our goal in Hidden Gems is to find the best small companies to own for the next three to 35 years. It's a wonderful aim, since historical data illustrates that small-cap stocks -- particularly of the value variety -- have substantially outperformed the overall market over the past 40 years.
To optimize our returns, we look to sell our mistakes quickly, hold sound companies for an average of three years, and then, yes, maintain our stakes in the very best of the lot for a quarter century or more. The best time to sell shares of a truly superior small company is almost never. Selling Lowe's (NYSE: LOW) or Home Depot (NYSE: HD) in the early days after doubling your money would have wound up costing you dearly, as both continued to crush the market as the years rolled by.
It's been 17 months, and our Hidden Gems cumulative returns thus far are gratifying. Tom's recommendations are up an average of 46% and our guest analysts have an average return of 38%, while equal amounts invested in the S&P 500 over that time would have returned an average of 11%. There's no question that we'll have down periods. Recessions can be nasty for small-company stocks. But over time, we expect to outperform the general market by buying and holding onto the next wave of great American companies.
How do we find them? Think Wal-Mart
One way to find the future greats is to carefully study the major winners from the past. Relatively few of the multidecade superstars are technology companies. And while we don't avoid tech stocks in Hidden Gems, they are a minority of our selections, as we favor instead sleepy and underfollowed companies with high-quality management. Our sleepy, boring successes thus far include commercial oven maker Middleby (Nasdaq: MIDD) and Mine Safety Appliances (NYSE: MSA), which makes health and safety products.
But for the ultimate example, think Wal-Mart (NYSE: WMT).
In November 1980, Wal-Mart was trading at a split-adjusted $0.01 per share. That's right, one cent. But let's be clear: The stock was selling at $50 per share then, so it wasn't ever a penny stock. In our opinion, it's actually nearly impossible to become a penny-stock millionaire -- the mischievous title we placed on this article. No, the greatest stocks are those of real companies, with real earnings. Because of stock splits, some investors think you'll find the next Wally World searching among 30-cent stocks. You won't.
So what has Wal-Mart done since 1980 (a full decade after it went public)?
With the stock trading at $52.75 as of this writing, it has risen 5,275 times in value over the past 24 years. A $5,000 investment back then is worth more than $26 million today. That'll clean up a lot of investment mistakes!
But what if we go all the way back to Wal-Mart's IPO, when it became a public company in October 1970? The business was valued at a tiny $21.5 million then. That means the stock is up more than 13,000 times since. That's more than 30% growth per year, and would have turned a $5,000 investment into $65 million today.
When the company came public, it raised $4.5 million in cash to pay down debts. Wal-Mart was nothing back then. No one knew it. Hardly anyone followed it. And none of the big boys on Wall Street really cared about it. And that plays right into Hidden Gems' sweet spot.
Reverse engineering a superstar
Now it's time to pick out the qualities of what has been one of the greatest 25-year investments in the history of our species. Here are the traits of Wal-Mart in its early days, which we intentionally look for in Hidden Gems:
After just a few years in the public markets, it began paying a dividend and never stopped -- amazing for such a tiny company.
Related to that point, its dividend started in the teeth of a bear market in the early 1970s -- very telling about the strength of the financials even in trying times.
Wall Street treated the company like a bunch of hillbillies in Arkansas. For years, no analysts followed it.
Institutional ownership was well below 50% for years and years. As we said, hardly anyone cared.
Sam Walton owned the majority of the stock. Here was a founder with a stake in the organization's enduring success.
Its concept was new and innovative, yet proven. Wal-Mart had been in business for eight years before going public, with more than 30 stores and over $32 million in sales on the day of its IPO.
It had a compelling valuation, trading at just 0.67 times sales when it came public.
Find the next one
We're not trying to reinvent the wheel here in Hidden Gems, because we simply don't need to. There's something on the order of 100 years of researchable history of the U.S. stock markets, and tons of data available over the past 25 years. The Internet makes much of the research relatively quick and easy.
There are also numerous masters who have shared fully formed ideas on how to earn extraordinary returns in small caps -- from Peter Lynch to Charles Royce to Warren Buffett to Martin Whitman. By combining our research capabilities with the outstanding principles these folks have handed down, there's a lot we can do together to increase your wealth over the long term.
And so, this is the aim of our Hidden Gems community every day, with thousands of members working together and examining the more than 7,000 public companies capitalized under $500 million. We have no doubt we'll find some of the market's major winners over the next three to 35 years. Panning for the next Nike (NYSE: NKE) or McDonald's (NYSE: MCD) is our full-time work and mission statement.
If you'd like full access to our service for a trial run of 30 days, let us know. It's free, and there's no obligation. You can see our first 25 investment recommendations, with full details on each, in our search for the next Wal-Mart-like winner.
Tom Gardner is co-founder of The Motley Fool and heads up the Hidden Gems newsletter. Rex Moore is a Hidden Gems analyst. Neither owns any companies mentioned in this article. The Motley Fool is investors writing for investors.
Looks like the bagholders at 5 cents can use their certs to make the shirts they lost today!
TRCPA: I think you always see a glass half full, I always see thirsty sellers! LOL!
I bet the USA MM's are going short now. They will cover by day's end or Monday/Tuesday. This is just PR momo today, IMO.
OT: sambeaux: It hit $11.20 today. Just imagine, 10,000 shares at 10 cents = $1000 = $90,000 to $110,000 today! LOL!
OT: SPEA at $10.49! Crazy! Come on FASC! LOL!
OT: 10 cents to $6.41 in one day, it can happen!
http://finance.yahoo.com/q?s=SPEA.OB
ptrey: So it's the broker that's doing it, not the individual investor. The broker than can cover later at a lower price (or not bother?). The Berlin volume on FASC isn't really that great, is it? Just from the volume, my guess is it isn't a real factor, but like I said, time will tell.
rodrth: I do not have a position in FASC at this time. I was attracted to FASC because of the DOE funds they received and believed it had (has) potential. I will consider buying a small position if it looks like the "potential" starts to pan out. In the meantime, I'm usually 100% invested in stocks and when I do sell stocks, I move my money into more solid companies with an improving "history" and good fundamentals, especially low debt and OS/float.
Any naked shorters here? If I "naked" short a stock on the Berlin exchange and the stock drops, when I cover and say make $1000 on my short, who pays me the $1000? Does this $1000 just come out of thin air? I just don't understand the process.
docdet: I agree. They said they could delist from the Berlin exchange in the PR, so it must be true and we should see some pps results. Personally, I doubt FASC is being shorted because the pps isn't really that volatile. There are much better OTC's out there to short. From other OTC companies claims of naked shorting and the results on their pps, I think FASC is headed down fast. They should have also stated that they didn't think share dilution was enough to cause the pps decline, funny they didn't mention that. Naked shorting claims is an OTC last ditch effort, IMO. Time will tell.
TRCPA: I think if you check, ALMI has other income besides the "new" biz, and it's not grants. That may justify their market cap, plus they are a new startup in the halloysite biz and have not sold shares this year. Maybe if they go 8 years with little or no clay sales their market cap may start to approach FASC.
Seems like the momo players are upset with the longs' comments. This isn't "great" news, we knew the distributor was going to get product for samples to customers. For those of us interested in a long term hold and not just a momo play, this news sucks from the standpoint of any "meat". BTW, when "shorts" cover, the price usually goes up, but anyone who thinks this can be shorted probably wouldn't understand that.
ptrey: Was that your 200 shares? Got filled.
Stix, no $$$ amount, may even be on consignment. Even at $500 a ton it's only $25,000 and probably half that or less in fact. Just a fluff PR, IMO. At least it may confirm production is in place.