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I think it is close to 2 bill right now, some one reported TEMN has 1.7bill out as of today.
Reading the last 10Q you knew close to 1bil shares were coming from the note conversion. As note came due Nov 25/2010
VFIN already on the ask not a good sign for the day.
Also the following increases in the issued and outstanding no 8k filed.
All the numbers were taken right from the 10q's
Large increase for each qauarter
129% increase total
Quarter ending march 31 2010 o/s
-Common stock ($0.001 stated value, 1,000,000,000 shares authorized, 85,319,804 and 67,901,401 shares issued and outstanding)
Quarter ending June 30 2010 O/S-
Common stock ($0.001 stated value, 1,000,000,000 shares authorized, 114,700,247 and 67,901,401 shares issued and outstanding)
Quarter endind Sept 31 2010 O/S-
Common stock ($0.001 stated value, 1,000,000,000 shares authorized, 195,591,125 and 67,901,401 shares issued and outstanding)
Erock
If that was the case please show me the 8k for the convesion on the following
taken from the last 10q page 19
Eventus converted $10,000 of the debt obligation into 638,570 shares of the Company's common stock (Note 12). During the three and nine month periods ended September 30, 2010, Eventus converted $9,000 and $232,000 of the debt obligation into 13,787,878 and 50,086,724 common shares of the Company, respectively. At September 30, 2010, the debt obligation balance to Eventus was $887,510.
What is this info about a buyout you had in your last post. Where did you get your info
Don't forget laidlaw is also looking at buying a second plant. Soon to be anounced.
Yes the future looks real good . lets hope we get past the PPA soon.
I'm going to wait till VFIN stops selling. Here is their link
http://vfinance.com/home.asp?Toolpage=aboutus.asp&ab=full
Looks like VFIN is seling for the note holders. He is not a retail MM
Has any hazarded to guess what a 14 mgw plant would profit per year.
LLEG my pick @ .0048
I'm not a basher just doing some DD as I was going to buy in on Monday.The outstanding notes are concerning. However I'm still interested, putting TEMN on watch and waiting for the next 10q to get a better picture.
LLEG for next week. now .0048
Only three trades thought but encouraging.
Yes this financing is not good for TEMN's S/P. Was in GENTA a few years back with similiar financing, it was not good for their share price. But keeps the doors open.
Yes but don,t forget the o/s is bieng dilluted each time by 4.99%. With the amount left owing on the note and the low float, Eventus Capital, Inc I'm sure they will be converting often. As it will be in $10,000 tranches no more then 4.99% of o/s
Not sure what the present o/s is, however I would guess it is more then 260 mill right now.
From what I can read from the last 10q.
The amount of shares will vary depending on the stock price, but they will be coming as they could be converted starting Nov 25,2010. I Like the growth potential of this company but the stock price I can't see going anywhere till the note conversion is done. There may be a pump but it will probably be followed by Eventus selling.
IMHO. Not buying yet but on watch.
SEE BELOW from the 10q
The debt obligation is due November 25, 2010, bears no interest and contains a conversion feature that allows
Eventus to convert the debt obligation, in $10,000 tranches, into shares of the Company’s common stock at a conversion rate of 60% of
the average five day closing bid price preceding the conversion notice date. Eventus may convert the debt obligation at theitheir election
subject to a contractual limitation that they may not hold more than 4.99% of the Company’s outstanding shares at any time.
Yes however more debt conversion coming. From Eventus Capital, Inc. (“Eventus”), the note holders.
Chasing Stars
Am i reading this wrong, perhaps you are reading this different can some else help, the lst 10q. the note 9 still has value of the embedded conversion feature of $739,591.
the converson discount for the note is 60% of stock price
.002 x .4 =.0008
739591/.0008= 924,488,750 shares
still lots of tranches for the balance to come?
below is the note 9 from the last 10q
Convertible Debt
Convertible Debt Obligation - Eventus CapitalOn November 25, 2009, the Company converted its affiliate payable to CCTN, in the amount of $1,089,509, to an unsecured,
convertible obligation in favor of CCTN. CCTN then transferred this convertible debt obligation to Eventus Capital, Inc. (“Eventus”),
an unrelated third party. The debt obligation is due November 25, 2010, bears no interest and contains a conversion feature that allows
Eventus to convert the debt obligation, in $10,000 tranches, into shares of the Company’s common stock at a conversion rate of 60% of
the average five day closing bid price preceding the conversion notice date. Eventus may convert the debt obligation at their election
subject to a contractual limitation that they may not hold more than 4.99% of the Company’s outstanding shares at any time.
As conversion of the debt obligation into common shares is at the option of the holder and the conversion price is indexed to the
Company's stock price, the fair value of the embedded conversion feature of the debt obligation is recorded by the Company as a
derivative liability. This derivative liability is adjusted to fair value at each reporting period, with income or expense recorded to the
Statement of Operations. As of the initial date of the convertible debt transaction, the embedded conversion feature of the debt
obligation, a level 3 fair value input, was $1,583,194 which resulted in a debt discount of $1,089,510 and a derivative liability expense
of $493,684. The derivative liability expense was recorded upon issuance in the amount that the liability exceeded the value of the debt
obligation. On December 22, 2009, Eventus converted $10,000 of the debt obligation into 638,570 shares of the Company's common
stock (Note 12). During the three and nine month periods ended September 30, 2010, Eventus converted $9,000 and $232,000 of the
debt obligation into 13,787,878 and 50,086,724 common shares of the Company, respectively. At September 30, 2010, the debt
obligation balance to Eventus was $887,510. The value of the embedded conversion feature decreased to $739,591 resulting in a
decrease to the derivative liability and to the Company's loss of $471,908 and $1,217,535 for the three and nine month periods ended
September 30, 2010. Accretion of the debt obligation's debt discount for the three and nine month periods ended September 30, 2010
was $274,616 and $814,893. This debt obligation is not included in the debt maturity table in Note 11.
Where can i find the info about the 70 mill financing.
what is the current o/s and the float
Just checked on the web site their is now no memtion of the law firm at all
When is the next update on the PPA meeting, and when would you say a decision might be made?
I sold out after the last PR release glad i did. Was looking to get back in close to .01. looks like it might even go lower.
LLEG news out buying a biomass plant and big expansion.
LLEG news out buying a biomass plant and big expansion. Look for a good move today
LLEG news out buying a biomass plant and big expansion. should move big today.
Any one having trouble with level 2
Great video .Yes this will be hugh!! I think there will be more PR's coming. Past history shows releases close together.
Why the selloff with this news. Using my phone not near a computer
SOCU, big rumour on the street is a PR is coming this week. With a float of 85 mill it should have some big gains
# 18 on the most read starting to get some attention. Great lets hope for a good week.
SOCU expecting big news next week with a low float of 85 mill could be a runner. ON WATCH
SOCU, big rumour on the street is a PR is coming this week. With a float of 85 mill it should have some big gains
SOCU, rumour on the street is a big PR is coming this week. With a float of 85 mill it should have some big gains
Exactly!! but lets hope next week is a great week for SOCU
Just waiting for the PR next week. Have not sold a share.
yes drafting a press release for Monday.To me that means we should see it released on Monday
Glad I didn't sell, but did miss a great swing trade. The float is so small it makes it tough and short lived. Missed a good one today.
Hellcatjr
Is this not your email. It says we will receive a PR on Monday.
Quote:
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Date: Tuesday, January 18, 2011, 1:17AM
Hi James
Yes SOCU will become fully reporting by this Spring.
We have just signed a very important LOI that will be the future of Standard Oil. We will be drafting a press release for release on Monday. Standard has a very Bright future ahead of it my friend.
Thanks for trusting in our company,
Ron
--- On Tue, 1/18/11, hellcatjr@buckeye-express.com <hellcatjr@buckeye-express.com> wrote:
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