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DDPW (Distributed Power--pink sheets) news...
http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20041105005...
November 05, 2004 12:36 PM US Eastern Timezone
Distributed Power, Inc. Acquires Two Cogeneration Facilities in California
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Nov. 5, 2004--Distributed Power, Inc. (OTC:DDPW), a leading owner of distributed generation facilities providing on-site electric power and energy to industrial and commercial customers, announced today that together with its investment fund partner, the Power Project Fund I, LLC, it has completed the development of and purchased 2 distributed generation cogeneration projects in Southern California. Both projects sell electric power and energy to health clubs owned and operated by a major national health club chain. One project is in National City, California, and the other is in Tustin, California. Together with the Power Project Fund I, LLC, Distributed Power will purchase each facility for cash through a special purpose project investment entity.
Both projects use cogeneration equipment manufactured, packaged and supplied by CoastIntelligen, a premier supplier of cogeneration facilities located in Vista, California, who will also operate and maintain the projects under a separate agreement.
Distributed Power and the Power Project Fund I, LLC are also in negotiations to acquire, develop and fund additional distributed generation cogeneration projects located in California.
Distributed Power, Inc. owns distributed generation facilities that provide on-site electric power and energy to industrial and commercial customers.
This press release discusses certain matters that may be considered "forward-looking" statements within the meaning of Section 27a of the Securities Act of 1934, as amended, or the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results such as, but not limited to: (i) changes in government regulations, including the deregulation of the electric power industry; (ii) commercial operations of new plants that may be delayed or prevented because of various development or construction risks, such as failure to obtain financing or the necessary permits to operate; (iii) cost estimates that are preliminary; and (iv) risks and uncertainties as further disclosed in the Company's periodic reports filed with the Securities and Exchange Commission. As a result, there can be no assurance the Company's future results will not be materially different from those projections. The Company hereby disclaims any obligation or undertaking to release publicly any updated revisions to any such statements to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which this statement is based.
Contacts
Distributed Power, Inc.
John Kuhns, 860-435-2025
ITCV: I'm hoping that post-R/S, and post-S8, the stock will be a good long-term hold. Until then, I'm just watching on the sidelines.
Watch PHXI--getting volume, MM spread narrowed...
Looks like 2nd triangle break coming...
PHXI: get your cheap shares now...
MMs have brought Ask down to support level--shouldn't go much lower, IMHO--currently, Bid 0.0121 x Ask 0.0125 .
See the 0.012 Bid support from delayed L2:
Market Depth For Phoenix Interests Inc Delayed: Nov 03 11:49 AM EST
MMD Bid Bid Size
HILL 0.012 50
SCHB 0.012 50
SEAB 0.012 50
BAMM 0.012 50
HDSN 0.012 50
JEFF 0.012 50
NITE 0.012 50
TDCM 0.012 50
DOMS 0.012 50
PUGS 0.011 50
GVRC 0.011 50
BWNC 0.010 50
CRWN 0.010 50
VFIN 0.010 50
FRAN 0.008 50
SACM 0.008 50
FRGP 0.001 50
EFGI 0.000 0
GNET 0.000 0
GRST 0.000 0
MPCO 0.000 0
MMD Ask Ask Size
DOMS 0.013 50
TDCM 0.014 50
JEFF 0.015 50
NITE 0.015 50
HDSN 0.018 50
SCHB 0.020 50
FRAN 0.022 50
HILL 0.025 50
PUGS 0.025 50
SEAB 0.025 50
VFIN 0.025 50
GVRC 0.025 50
SACM 0.035 50
CRWN 0.050 50
BAMM 0.050 50
MPCO 0.400 50
FRGP 0.510 25
BWNC 2.000 5
EFGI 0.000 0
GNET 0.000 0
GRST 0.000 0
PHXI: 200,000 share trade at Ask -- 0.0125 x 0.015
Someone accumulating?
Thanks, BB for your review of the chart.
OT: Hawk... it'll be a great day for America...
when we're united again. Bush (or Kerry???) has a lot of work to do to accomplish that. I'm hopeful for the future, but the last 3+ years hasn't given me a lot of confidence that the Bush administration can or wants to unite us all.
-- H2NRG
BB... PHXI started triangle formation again?
Broke it once, but down again on low volume--need to break out from continued triangle formation? Bottom line at around 0.0125-ish, with top coming down from 0.029 to 0.02 to ???
PHXI now 0.0125 x 0.015 -- ???
PHXI Bid uptick 0.015 x 0.018...
Yeah, realwood, I couldn't believe that Americanbulls could be right on low volume downticks the last few days. I still want to see Bid support pushed up, though--need to pull the whole MM pack up, not just one or two MMs.
Still playing the waiting game...
-- H2NRG
PHXI chart improving...
just need to close the spread and add some decent volume...
PHXI boxed by MM HDSN... 0.014 x 0.018
Last trade at 0.017 -- 127K shares traded today.
PHXI Ask upticked--0.0125 x 0.018--very wide spread!
BB... re: PHXI...
Check out the L2 on PHXI--seems to be decent Bid support at 0.013 and 0.012, then look at how high the Asks are after HDSN's 0.015. This isn't a sub, so maybe they'll let it run soon?
Market Depth For Phoenix Interests Inc Delayed: Nov 01 8:05 AM EST
MMD Bid Bid Size
GVRC 0.013 50
HDSN 0.013 50
DOMS 0.012 50
HILL 0.012 50
NITE 0.012 50
SCHB 0.012 50
SEAB 0.012 50
TDCM 0.012 50
BAMM 0.012 50
JEFF 0.011 50
PUGS 0.011 50
BWNC 0.010 50
CRWN 0.010 50
VFIN 0.010 50
FRAN 0.008 50
SACM 0.008 50
FRGP 0.001 50
EFGI 0.000 0
GNET 0.000 0
GRST 0.000 0
MPCO 0.000 0
MMD Ask Ask Size
HDSN 0.015 50
SCHB 0.020 50
TDCM 0.020 50
FRAN 0.022 50
JEFF 0.024 50
GVRC 0.025 50
HILL 0.025 50
PUGS 0.025 50
SEAB 0.025 50
VFIN 0.025 50
NITE 0.028 50
DOMS 0.030 50
SACM 0.035 50
CRWN 0.050 50
BAMM 0.050 50
MPCO 0.400 50
FRGP 0.510 25
BWNC 2.000 5
EFGI 0.000 0
GNET 0.000 0
GRST 0.000 0
Still waiting for PHXI to run...
Low vol still. Broke the triangle, but only temporarily--very frustrating. I guess they need that approval from Oregon to get the barn66.com online wagering running--that's probably what's holding things back--the waiting for approval.
The chart doesn't look so pretty anymore--that's probably why Americanbulls.com gives it a "sell" rating now--but I don't understand it--the downticks were on low vol.
Just playing the waiting game now.
PHXI at sale prices -- getting volume...
0.0125 x 0.013
ZWLL Ask uptick 0.0021 x 0.0026
ZWLL going down on low volume sells...
Is it still destined to run? Or tank?
OU, any chance you can look over my question in http://investorshub.com/boards/read_msg.asp?message_id=4421329 ? I'd also take responses from anyone else who has a thought on this spread issue. Thanks.
-- H2NRG
GM OU and All--I have a question (or 2)...
As you probably know, I have bought into PHXI, and am awaiting a possible runup with their barn66.com wagering on horse races going live at some point in the (near?) future. There has been quite a spread between Bid and Ask over the last few days. Occasionally, the Bid may come up close to the Ask, and occasionally, the Ask comes down close to the Bid. Historically, given your observations from other stocks with similar Bid/Ask spreads, what can you determine is happening? The concern I have about the Bid remaining so low is that the MMs know another MM will be coming along and start selling new shares. Or, by keeping the spread so wide, are they just trying to keep a run from happening prematurely? I'm trying to figure out the psychology and sociology of the MMs in this regard--any thoughts? See the delayed MM lineup below to get what I'm asking about. What is your read on this lineup?
Also note that volume has been light on this stock of late. TIA for your help.
Market Depth For Phoenix Interests Inc Delayed: Oct 29 8:45 AM EDT
MMD Bid Bid Size
GVRC 0.013 50
SCHB 0.013 50
HDSN 0.013 50
DOMS 0.012 50
HILL 0.012 50
NITE 0.012 50
TDCM 0.012 50
BAMM 0.012 50
SEAB 0.012 50
JEFF 0.011 50
PUGS 0.011 50
BWNC 0.010 50
CRWN 0.010 50
VFIN 0.010 50
FRAN 0.008 50
SACM 0.008 50
FRGP 0.001 50
EFGI 0.000 0
GNET 0.000 0
GRST 0.000 0
MPCO 0.000 0
MMD Ask Ask Size
TDCM 0.017 50
HDSN 0.017 50
SCHB 0.020 50
FRAN 0.022 50
JEFF 0.024 50
GVRC 0.025 50
HILL 0.025 50
PUGS 0.025 50
VFIN 0.025 50
SEAB 0.025 50
NITE 0.028 50
DOMS 0.030 50
SACM 0.035 50
CRWN 0.050 50
BAMM 0.050 50
MPCO 0.400 50
FRGP 0.510 25
BWNC 2.000 5
EFGI 0.000 0
GNET 0.000 0
GRST 0.000 0
PHXI at sale prices now 0.014 x 0.0145
PHXI spread tightened... 0.016 x 0.017
PHXI needs some volume, please...
0.016 x 0.019 - 2 (NITE,HDSN) x 1 (HDSN)
How high can ZWLL run this time around?
This one has been very frustrating to-date. Now that the Red Sox have run the World Series, can ZWLL finally run?
PHXI--macd positive, RSI above 70...
ITCV Form 8-K filed...
http://app.quotemedia.com/quotetools/showFiling.go?name=ITEC%20ENVIRONMENTAL%20GROUP%20INC:%208-K&am...
Section 3 - Securities and Trading Markets
Item 3.02 Unregistered Sales of Equity Securities
Pursuant to the “safe harbor” private offering exemption provided by Rule 506 of Regulation D under Section 4(2) and of the Securities Act of 1933 (the “Exemption”), on October 22, 2004, in exchange for six (6) creditors of the Company (the “Creditors”) terminating approximately $939,402 in debts of Itec Environmental Group, Inc. (the “Company”) and releasing the Company from any and all liability in connection therewith, the Company sold 97,886,107 shares of the Company's common stock to the Creditors pursuant to Settlement and Release and Subscription Agreements (the “Settlement Documents”).
For purposes of the Exemption, the Company relied upon (i) certain representations and warranties of the Creditors made pursuant to the Settlement Documents and certain Investor Questionnaires relative to their review of certain information provided and disclosed to them by and about the Company and their accredited or unaccredited status (as those terms are used in the Securities Act of 1933) and (ii) its own independent investigation to confirm the Creditors’ representations and warranties.
OU, thx for the ITCV updates. Pretty sad what that S-8 has done in one day.
When you have a chance, to shift gears, would you please post PHXI L2? Is NITE still on the Bid? There were some large blocks that went through recently--I wonder if they were buys at wholesale cost. I'm excited to get this PHXI road on the show. :)
-- H2NRG
PHXI Bid uptick 0.016 x 0.017 -- volume increasing
PHXI chart looking better today than y'day...
Amazing, ITCV is coming back up.
GM... OU, may I ask a favor, plz...
Would you mind posting L2 for ITCV a minute or two before the opening bell? I'm trying to gauge how the MMs are planning to play with yesterday's S-8 filing.
Thank you very much.
-- H2NRG
Domer... if you can vouch for ledrog personally,
then maybe I've misjudged him. It's hard to determine one's intent on these bulletin boards. So he was posting on the ITCV RB board for that couple of weeks because he liked the challenge of debating his point--wow--that's dedication. I hold no ill-regard for ledrog, personally--I had lumped him into a grouping of bashers, who I presume, for whatever reason, try to encourage people to sell their shares at a loss or before a gain is to occur. Ledrog's RB posts came just around that runup from 0.002 in early October, thus it appeared that he was there to discourage buyers or encourage selling--then, voila, the share price went up--so, basher alarm sounded. I just did a review of his RB posts--yes, his quest appears to be to expose pumpers--then I suppose he's judging posts from a similar perpective that I'm doing when I'm trying to filter out bashers--fascinating. So, I guess in the process of trying to expose pumpers, his style of posting made him appear to be a basher, which unfortunately, cut his credibility in his pursuit. Hence, the negative posts he received back.
Domer, based on your support of ledrog, I will presume that his posts are on the up-and-up. Thanks for clarifying the situation. My apologies to ledrog for my misjudgement.
-- H2NRG
ITCV got $2M loan from California, and the rest from Cornell, it seems. That's the part that's confusing to me. Not all death-spiral financing, unless California is now into that game. A real product, California financing--that's the part of ITCV that seems real. It's the Cornell connection and S-8's that makes it seem POS-like. Jeckyl and Hyde.
Bashing is like negative campaign advertising...
lying, casting doubt, trying to manipulate. People taking advantage of others for their own greedy intent. Yeah, it's part of life, but it stinks.
Ledrog may have been right here, but...
he has been on many boards casting doubt on ITCV. Is he trying to save all of us from ITCV? Doesn't make sense why someone would be searching for any positive discussion of this stock on IHUB, RB, Yahoo, stockhouse, to save us all from this company's evil ways. I agree that ITCV will have a tough hill to climb now (and it may not necessarily be worth playing martyr), but I cannot agree that ledrog has been here to help us all out--he has another agenda, IMHO. I first encountered him bashing ITCV (over 330 posts in about two weeks time - http://ragingbull.lycos.com/mboard/memalias.cgi?board=ITCV&member=ledrog ) weeks ago on RB before the last runup. Perhaps he has given up his prior line of work since then?
I may or may not hold ITCV...
will wait until the morning to decide. If there's a good PR, I may hold more than if not.
Ledrog will love to read this post.
However, these are $0.0022 shares--so all profit, anyhow. I was just hoping for better than this. What can you do?
This basher has bashed other stocks, too. I don't think he's just p.o.-ed at ITCV. He's dissed QBID, IBZT, and CMKX recently. Member only since Saturday 21-Aug-2004. Sign of a basher, IMHO.
Last 30 posts...
ITCV have a good night boys--BWAAHAHAHHHAHAHAHAHAHA 25 Oct 2004
9:28 PM EDT
ITCV "the buying will remain furious"--pathet 25 Oct 2004
9:26 PM EDT
ITCV "its not that much"--ROFLMAOPMP 25 Oct 2004
9:24 PM EDT
ITCV knowlittle,SURE it will--lol 25 Oct 2004
9:23 PM EDT
ITCV greg,what do you mean "IF"?? lol 25 Oct 2004
9:20 PM EDT
ITCV #1 RULE: NEVER EVER HOLD AN OTCBB STOCK OVERNIGHT! 25 Oct 2004
9:15 PM EDT
ITCV pps will DIE TOMORROW--.005 CLOSE--SORRY 25 Oct 2004
9:14 PM EDT
ITCV NO MONEY FOR SERVICES?? GIVE'EM SHARES,MILLIONS AN 25 Oct 2004
9:13 PM EDT
ITCV AFTR HOURS S-8!! CHEERS TO MGMT!! LMAO 25 Oct 2004
9:11 PM EDT
ITCV YOU LONGS JUST GOT SCREWED!!!! 25 Oct 2004
9:10 PM EDT
ITCV h2nrg--DOWN SHORT TERM AND LONG TERM!! 25 Oct 2004
9:09 PM EDT
ITCV THEY JUST DOUBLED THE O/S WITH THAT S-8 FOR 161 MI 25 Oct 2004
9:07 PM EDT
QBID slapshot,haven't you lost over 25 thousand dollars 25 Oct 2004
2:56 PM EDT
QBID slapshot,haven't you lost over 25 thousand dollars 25 Oct 2004
2:56 PM EDT
QBID greed,if CNBC can't save this stock,what will?? LM 25 Oct 2004
2:41 PM EDT
QBID ct--and,yes,the SEC does care about pink sheet sto 25 Oct 2004
2:37 PM EDT
QBID ct..I hope you got the name of that woman you supp 25 Oct 2004
2:31 PM EDT
QBID ct_here--The SEC already has your Adelphia posts,g 25 Oct 2004
2:20 PM EDT
QBID the gay expo--wow--zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz 25 Oct 2004
2:17 PM EDT
TFCT SUB-PENNY SOON FOR THIS DILUTED POS!!!! 25 Oct 2004
2:13 PM EDT
TFCT .012--BWAHHAHAHAHAHAHAHAHAHAHAHAHAHAHA 25 Oct 2004
2:12 PM EDT
IBZT IBZT IS CRAP CRAP CRAP CRAP 25 Oct 2004
2:08 PM EDT
IBZT SEC INVESTIGATION and THREE BILLION O/S--lmao 25 Oct 2004
2:06 PM EDT
IBZT .0035--BWAHAHAHAHAHAHAHAHAHAHHAHA 25 Oct 2004
2:04 PM EDT
IBZT .0036!!! TOLD YA!!!!!!!!!! LMAO!!! 25 Oct 2004
10:55 AM EDT
IBZT .003's soon then back to .002's sorry 25 Oct 2004
9:26 AM EDT
IBZT WATCH THIS POS TANK BIGTIME TODAY!!! 25 Oct 2004
9:24 AM EDT
CMKX runningtothepoorhouse,"invest" in this j 25 Oct 2004
9:06 AM EDT
CMKX NEWBIES,STAY AWAY FROM THIS WORTHLESS CRAP,there a 25 Oct 2004
9:02 AM EDT
CMKX JC,CLOSE ONLY COUNTS IN HORSESHOES!! LMAO!! 25 Oct 2004
8:59 AM EDT
New ITCV basher on RB ITCV board...
I wonder why this new basher (allegiance7) has come (as of tonight) to bash a stock that would be expected to fall tomorrow? Unless he knows some news is coming? Just wondering. Rumors on RB about some deals to be announced with possibly four states, I presume for recycling plants. Yeah, 160 million shares is a lot for an S-8, but, if they actually do have some substantial contracts coming, perhaps those shares could be run through pretty quickly. Not necessarily the case, but, you gotta wonder why ledrog is hounding BB here anytime he mentions ITCV, plus ledrog is hounding others on other boards anytime they mention ITCV positively. Now some new bashing on RB. Trying to put the pieces of the ITCV puzzle together. Right now, it's a jumbled mess.
That would be too bad. ITCV (ITec Environmental) seems to have some promise--their plastic recycling equipment could be very useful--Planet Earth needs their equipment to be operating, and sooner than later. Perhaps ITec's relationship with Cornell might be part of their downfall.
Maybe ITCV will have a PR in the AM to help keep the share price high? ITCV is trying to get off the ground, and probably their only choice is to pay their consultants in shares--unfortunate, yes, but hopefully after they get their revenue stream started, they won't have to do any more S-8's.