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Revenues in place with out a press release bragging about it? Sounds a little far fetched to me.
Clever technology for sure. Does anyone know how much this costs per kw produced? That seems to be a key factor in how well it can sell.
Thanks
Thanks, I'll check it out.
Anything to like about this company? A quick look at the financial statements don't excite me much. Looks like the only ones making any money here are the executives who are paying themselves handsomely while not doing much for the shareholders.
Why do you say it's a good time to buy? I'm trying to find a good wind energy company which led me here. Is it possible to find something to like about a grey market stock?
Still, it seems like a big waste of money at this time in the life of the company, which reflects on the astutness of management making the decision.
It reminds me of an unemployed guy who borrows money to build a heated garage and pays to maintain it and keep it heated before he owns a car to put in it just in case he someday gets a job and then hopefully can afford to buy one.
I guess it's cause when you're paid $800,000 to pump the crap out of a stock you have to spam every email address on the planet. Heck, I hear some of those public servants in Nigeria who are desparately trying to find someone to help them move tens of millions of dollars out of the country are struggling because their inbox is so full of IDOI spam pump emails that they are having trouble sorting out the genuine replies from good hearted Americans who want to help them.
I completely agree with you. I always thought $18 and below was the eventual destination. Man... there's gotta be a lot of hate directed at MZ these days. I don't know who was responsible for pricing this pig but they sure screwed the pooch on it.
No, that's not right. That's not at all what I said. What I said was, I don't think it was a good decision to spend tens of thousands of dollars becoming a fully reporting company and that much again every year to stay current given the company has no significant revenues. I went on to say I could think of ony one reason to do it and that is to allow holders of restricted shares an opportunity to dump their shares into the market in 6 months instead of 12 and so they can create free trading shares instantly by filing S8's and give them to employees, insiders and consultants. That's what I said. I never suggested the company is or would try to create excitement to help anyone dump their shares. In fact, often times it's the shareholders themselves that sponsor pumps so they can dump their shares but I don't see a lot of evidence that is taking place yet either. That's why I was questioning the wisdom of spending all the dough on becoming a fully reporting company.
Personally, what I think is going on is someone gave them advice that it's a good idea to be fully reporting and they took it, even though, IMO it was bad advice. If that is the case, I would also suspect the one(s) giving that advice are holders of a lot of restricted shares and they would benefit from such a move... that is what I'm suggesting.
The original EcoWind deal, the acquisition, fell through some time ago it seems. Now they are just agreeing to sell each other's products. Not much to get excited about there unless EcoWind is better at selling BLDW products than BLDW is.
As to the decision to become fully reporting, I think that's a huge mistake. Unless there is a commitment from an investment banking firm to finance them once they complete the process, it's a total waste of a LOT of money. And since I haven't seen such an announcement, I doubt there is. Personally, I think someone has been giving management bad advice by recommending that move. The time to become reporting is once revenues have been established and are growing.
The only possible advantage now is to people who own restricted stock and want to unload it. As a reporting BB company, they can free up their stock after 6 months instead of the year it takes now. The company can also file S8's and give away free trading shares to "consultants" and insiders who can then dump them into the market. Why spend mid 5 figures every year just so insiders and consultants can dump their stock into the market earlier? Doesn't sound like a great deal for the retail investor to me.
Klinsmann,
I'm also a big believer in investing in a start-up vs playing a P&D. However an "investment" has to be justified on the fundamentals because it's more for the longer term... a trade on a P&D doesn't.
I'm still looking for fundamental justification on this stock at this price and just not finding it. If you know where it is, share it... please.
I couldn't find anything either. That's why I think it might be a spoof sender. Just makes it worse really.
Thanks, gonna do a little more due diligence. Stock is cheap enough... that's for sure. Teeny tiny market cap.
"Cheap here" is easy to say but how did you conclude they're cheap here? I'm seeing a market cap of almost $9 million for a company with limited assets and virtually no revenues or indication there will be any signifant ones forthcoming? Not sure how you got "cheap" out of that scenario.
Still, I do see an increase in promo attempts so I might play it for a trading opportunity but so far I don't see anything that suggests it's more than a sporatic and half arsed attempt.
Still feeling kinda skeptical absent something to change my mind.
Kind of hard to provide links to an email I received but I can tell you this.
It indicated the reply to was pennystockalerts.com but I don't know if that is a spoof or not as it came from a orange.jo email address.
There were no links to a tout site, just a link to the yahoo investor pages.
Well gosh... now I'm totally convinced... NOT!
So, do you think becoming fully reporting is a good idea what with the company having no revenues?
Seems like adding the tens of thousands per year that is going to cost may not be such a smart thing to do. They are already publishing their financial statements.
In my opinion, that is sufficient until their business develops to a point to justify it. I think the money could be better spent doing something more productive like... oh I don't know... maybe generating some sales and revenues?
Lemme think.. pay an auditor to audit no revenues then pay an attorney to fill out a bunch of forms or use the money to build a marketing department.... tough choice but I'd go with building a marketing department and hiring a sales force.
Whoever advised them to do this isn't very smart.
I was taught at an early age never to trust someone that starts a sentence with "Trust me" and be even more suspicious when that someone throws in a guarantee they can't honor.
I'm confident a strong pump could take the stock to $.10 however keeping it there is an entirely different challenge. That takes results. Still, I think this company warrants a closer look.
Preferred? Hmmmm. Didn't know that. Will have to look into that. Preferred always concerns me ever since some bozo started using them to hide massive dilution. Still seems worth a closer look. THX
ILLEGAL SPAM EMAIL CAMPAIGN UNDERWAY. Never a good sign. I just received a pump email with no disclosure whatsoever. Why would an allegedly legitimate company put itself at risk by sending out a pump piece without 17(b) disclosures?
A Chinese wind deal with a stop sign on otcmarkets.com. So, what's the attraction here compared to all the other penny and sub-penny wind companies that are US based and actually file financials? I'm looking for interesting green stocks but having trouble finding something to like here. Anyone care to give me the high points?
No such thing as a "no brainer." Especially in the green energy sector.
Still, looks like this one might be worth a further look.
I can't believe how cheap this stock is. If this company is still in business, it's probably a heck of a buy here.
Is this company still in business? Website looks good but stock doesn't. Weird.
Well, I've been liking the idea of wind energy and am looking for the right company to get into. Gonna look into this one further... this could be it despite the lack of market enthusiasm for the stock. That could easily change with a little more success.
Their product looks very innovative.. why is the stock struggling so? Anyone got insight into this?
I think I received more tout emails on this stock than any in recent memory. I guess $800,000 for promotion buys a lot of emails.
Personally, the more that's spent on promotion the less likely I am inclined to invest. Trade.. sure.. invest??? Heck no!
$18 before it sees $30 again... if it ever does.
Offering to wipe out the $22 million the corp owes him is worth exactly nothing. It's an empty gesture. To have any meaning at all, he should have simply done it instead of offering it to no one in particular.
And if he did exchange the debt for eternal dictatorial control of SLMU how awful that would be? Shareholders would know they never would have a say in anything and directors would be nothing but puppets. Sounds like a lose-lose situation to me.
Has anybody noticed or commented on the fact that the 13,248,342 common shares of Sunlogics PLC MM sold to the company for a purchase price of $22,522,181 is now worth .20 euro per share or around $3.3 million. This represents a loss of over $19 million to the company but MM of course is still owed the $22.5 million. It was around 1.35 Euros when he sold them to SLMU back in January. Now they are worth .20 Euro and falling steadily.
http://finance.yahoo.com/q?s=18L1.DE
Fair to say he laid the SLMU shareholders away on that one. Anyone care?
Since you asked, I searched the courts where the primary principal Tom Crom lives and found this civil case recently filed. It isn't against the company but all the principals are named so it has to be against everyone involved since the corp seems to be out of business. Not sure who this Winter person is but probably an investor.
http://www.superiorcourt.maricopa.gov/docket/CivilCourtCases/caseSearch.asp
Go there and enter the case number
CV2011-019611
That must be what you are referring to. Where did you hear it? Do you have any additional info?
Wish I could see the complaint but it's not readable or downloadable. Bummer...
This is so over. If you haven't sold yet, I strongly suggest you do so without further delay. You may only get pennies on the dollar invested but it's more than you will get in the future.
Don't waste your time folks. I just discovered that pretty much everyone resigned and the company is dead. Maybe Crom and Lorenz didn't formally resign but they didn't really work at the alleged core business anyway. Lorenz is a Vancouver stock guy and Crom is a worthless former CPA.
The rest of the crew, the ones who supposedly tried to make it work, including the guy who actually sold stuff.. all quit. I think it occurred right after the illegal SPAM pump and dump they ran a few months back. I figure the SEC has got an investigation going but regardless, this is a dead company. They just forgot to send out the funeral notice and publish an obituary.
If you have stock, I suggest you dump it while there is a bid because it's going sub penny between now and tax loss selling time in December.
Ecoemissions RIP! It was doomed from the start.
Then why are people dumping LODE? Gold us running and LODE is falling? Any idea why this is happening? I don't see anything in the news.
Thanks for posting that. I like the intent of that email. Seems like they directed towards the dilutive path by someone then realized it wasn't working so well and now they're trying to extricate themselves from the results of that strategy. A noble intention if ever there was one. But does anyone have any idea how many shares the total conversion mentioned represents? How can one value the outstanding shares unless we know the amount of common shares represented by the convertible preferred? Seems to me the value of the company needs to be based upon the total outstanding after conversion and not the 5+ buh buh Billion (with a B) shares outstanding now. Sorry, got stuck in my throat there for a second. I'm not a big fan of sub penny stocks and normally stay away from them entirely. But this one is unusual, it's different. It's a real company with real revenues so I am trying to look past the sub-penny part.
I'd guess they'd have to clear all that convertible stuff up before closing the acquisition. Otherwise, i think it would threaten the shares going to the acquisition target as well. Just IMO of course.
PS: I gotta say, it helps a lot that I follow the goings on over the national debt. After thinking about 15 Trillion dollars.. and cuts in the hundreds of billions... thinking about 5 Billion outstanding doesn't seem as onerous by comparison.
LOL... here ya go guys. Whatdya say we set that motto to music.
I'm not new to the message boards or pink sheet stocks but thanks for caring enough to say something. Someone reading this board will no doubt learn from it.
This looks like an interesting deal and on the surface, cheap enough, especially with the kind of revenues they're generating but reading the filings on the pinksheets site I have some concerns too. Those convertible preferred look a little ominous. I haven't done the math, it gives me a royal headache to try to sift through all that stuff so does anyone have any idea what the total OS might be if/when they all get converted to common?
If the market cap, fully diluted comes in at under $5 million, I think this could still be a rocking deal at this level.
Thanks, I just did. Much appreciated.
I agree with this and your previous post. I am new to this stock and would like put on this email list. Can anyone tell me how I can sign up?
Also, with 5 billion outstanding, the market cap, at .0002 is only around a million or so. At first glance that seems awful cheap for a real company with almost half a million in net assets and a revenue stream approaching $5 million a year.
What am I missing here?
Thanks
I don't think that moving to a "smaller" facility is a reportable event but regardless, this company quit reporting some time ago, as most companies that are in the process of failing do.
The last filing was their disclosure that their auditors had quit. Seems Tom Crom & Co didn't want to have the acquired company audited as required. NOTE: An audit is required regardless if they just acquire all the assets of the company or the corporation itself.
Here is what the auditors said
Congrats guys. you made it to the top of the breakout board. What's all the fuss about? Why is the stock running? I don't see any news.
I haven't heard that rumor. Where did you hear it? From the company? If it's true, it's a good indication that this company is only mostly dead which means it is still slighly alive.
I wonder if anyone at the company realizes you are supposed to start working out of your garage and then, as business grows, move into offices. Moving in the other direction is kind of a Benjamin Button move and suggests that soon, the company will only exist in the minds of the poor shareholders who got scammed by that email or trusted Tom Crom and his pal Larry Lorenz; a couple of losers if ever there were.