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Well dilution obviously has its price, the question now is have they got the products and technology ready to monetize. That would create the revenue needed to sustain the company, would encourage a massive BUY interest in the stock, motivate option holders to keep hold and propel this stock higher.
They have products, they seem to be working. Now they have these they are focusing on selling and commercialising. Previously they were soley research (hence needed to keep the company afloat via dilution), now they have stuff to sell, let's see if they can sell it and make Ooil-ebers a happy bunch. They are definately in the mix in some big, growing and important markets.
Disclaimers like this are standard fare, there is no alarm in it being in the filing itself. Whilst i agree any company can't just keep diluting forever, one should also agree that there is a crux point in a companies history where start up costs get overshadowed by earnings and commercial intakes. When you look at this (any) company you have to decide when any of their products will sell and when.
I put it that with so many irons in the fire, technologies that are proven to work and absolute demand for the products they are selling OOIL will reach this point of commercialisation before long.
Thats the real arguement here... no one agrees they (or any company) can self fund for ever, but do people think their products are now commercial? I think they are.
oh... OOIL is already working on that with Japanese government researchers
From last Autumn
OriginOil, Inc. (OTC/BB: OOIL), the developer of a breakthrough energy production process for the oil and algae industries, announced today that its longstanding research partner in Japan has reported receiving government funding for an ambitious algae biofuels program to provide renewable fuels and help eliminate radioactive materials, for which it intends to use OriginOil algae harvesting technology.
In numerous studies, algae has been shown to absorb radioactive cesium, a contaminant that can cause radiation sickness and death. In a recent test by the Institute of Physical and Chemical Research (RIKEN), a strain of microalgae successfully removed nearly 90% of all radioactive material from cesium-contaminated water.
... just another thing already in the OOIL pipeline. One of many ongoing algae uses bordering on commercialization that this company is working on.
Highly successful Electro water separation,leading to highly successful frack water cleaning technology (in one of biggest energy booms in recent years) In a time where environmental issues are coming to fore, and water treatment is becoming a national priority.
Highly successful Astaxanthin technology, already being taken up by a company that makes the product, and who calls OOIL technology 'a potential game changer'
A team looking into how OOIL's technology can be used in the huge aquaculture industry. Early tests indicate OOIL's technology can reduce toxin levels by more than 99% AND use the algae for fish food. An asian investor who is looking at it's potential in one of the worlds largest aquaculture markets.
Aquaculture continues to be the fastest growing animal food-producing sector and to outpace population growth. World aquaculture is heavily dominated by the Asia–Pacific region, which accounts for 89 percent of production in terms of quantity and 77 percent in terms of value
(United Nations)
A company who has been out to meet its customers, has realised they need commercial scale products, needs low capital outlay and is delivering on these.
A company whose stock has been shorted aggressively by individuals whose movements are now being reported daily to Finra and SEC.
As a small company, OOIL has had to grow and has diluted in order to do so, it has had to be effective at PR and media savvy, as i would expect it to be. It is now however in my opinion at a very important stage in its growth. The ability to now commercialise on all these opportunities. Once deals are in place on any one of these fronts then regular revenue will make this stock a fantastic bargain at these levels. But this commercial revenue potential is on multiple fronts... in areas where major booms are occouring. The technology has been, and continues to be proven, both by independent testers, but also by uptake by producers.
I have watched this company for a long time, i have seen them grow, it hasn't been easy for shareholders i am sure but i think in the process of building they have come across (and in my view will continue to) uses they never expected. They are now at a point when they will commercialise all this hard work and persevereance. If it works, people will pay, and whatever distracting comments people make on this board, they never say the technology doesn't work. That to me says alot.
Good luck to those who are on board and who cheer on what is an exciting company in exciting markets at a very exciting time.
Hey, Seriously, you are embarassing yourself TLA. If you have an idea, go do something about it elsewhere. People here have asked you numerous times to not go on about your own interests and you consistently ignore them. Whats more you make ridiculous assumations about OOILS corporate governance for no reason other than they don't email you back when you try to sell them a product they most likely don't want. Seriously. Either stop going on about it or go elsewhere, it's just really dull. PLEASE.
Experience. Something the company probably could use more of.
As someone mentioned recently, OOIL is hardly short of experienced management in their specialized field. Their response to consumer needs is, in my opinion, something to be applauded and shows clear, goal orientated management.
Dont really see how the sensationalist 'enron' comment comes into it... especially when so few details are out at this point thats just reckless conjecture in order to bad mouth the stock. You have ZERO proof it's anything of the sort
ok, thank you... i apologise we must have posted at same time.. yes details are sketchy hence im asking on views. I guess its a way to get the technology out there to smaller users. OOILs priority now must be to get it in the field and prove its use
Back to OOIL what do people think of the 'pay as you go' strategy they are adopting? I can see why, as a company with high technology but low capital they have adopted this but what are peoples views? Clever way to get people using the technology fast ? At end of the day if the technology works.. and lets all agree it seems to be working thus far, why not get it out to the consumer ASAP. It seems to me that they are listening to the consumer. The roadshows taught them people want (A) commercial scale and (B) no huge capital outlay. You have to say the responses by OOIL have been very quick and smart towards focusing on what the consumer needs, in my book that's worth acknowledging.
A warning to people who read this board that posts have, and continue to be deleted for no apparent reason other than it seems to create a negative bias to this company and info relating to it. Whilst I am all for a lively discussions both sides of a coin my impression is that while negative, out of context and continuously unproven statements are allowed on this board to try and knock the companies standing, other , more positive statements get deleted.
Whilst steps appear to being taken to investigate potential short selling there is plenty of evidence here to suggest self serving interests are at play on this board and these have been highlighted to assist in that investigation.
If you want to understand this company more please use other avenues rather than relying on information provided here
I have even defended Riggs by suggesting his "intent" was merely a pipe dream, and that his idea simply failed.
Where has it failed? Have you actually seen it fail yourself? Have you heard it fail to be verified by independent bodies? Have you been to a site test?
As far as i know the closest you have got is failing to get a reply from the company on an email. Seems to me you are just saying it has failed without any proof that it has.
Nice to see some who is interested in the process.. I'm not going to be the expert here but as i understand it the technology allows the continuous harvesting of algae, a 'continuous wet flow', that results in enough algae to then be used for the separation technology part which ultimately cleans the frack water. The algae harvesting and resulting water decontamination is continuous and real time. It's basically a standalone system that gets added to the existing infrastructure coming from the well site.
OOIL is not the only algae player out there, but they have definately worked hard to become respectable players in the arena. Their management team contains some very respected Algae 'players'. In terms of CLEAN-FRAC I don't know another company as developed as OOIL in this specific role, nor do i know of any other company that is even close to the success of its model from so many angles - cost, efficiency, algae harvesting and real time application. Now they just have to produce it on a commercial scale, something they seem to be well aware of, and in the process of.
This to me is what it makes it very interesting to watch... If there are others that really do compete (and i'm not a fan of big algae pond models), then it would be interesting to see. For me though i think OOIL is hands down the industry leader for this SPECIFIC new technology.
I am not sure he's distorted anything. General facts and numbers on fracking are available to all over the internet, through various sources, some more legitimate than others. I think however (although on here you never know) most of us would agree there is an environmental impact to fracking. This has led to some fairly widespread issues that companies must address:
The sheer volume of water used has led to AN INCREASE in intiatives to recycle frac water. Estimates easily range from 5-2 million gallons of water per well... Plenty gets left in the well but MORE AND MORE is being recycled out of necessity.
Up to 40,000 gallons of chemicalised water can be used in that mix. with up to 600 different chemicals
Each fracking site produces different contamination due to a mixture of chemicals involved and local geology
Much recycled water is left in open pits, releasing hameful VOC's into the atmosphere
Many fracking sites are found in areas of HIGH water stressed regions, resulting in a bigger NEED for recycling solutions.
Growing proof of the effects of these chemicals seeping into the environment is leading to a need for industry solutions to clean water both that is recycled, and that left in the well.
You say some frack water has been used on crops and livestock..are you suggesting this is untreated frac water? One would hope not. If you can tell me where i would make sure to avoid the local burger joint.
So from my point of observation there is a lot of variation in fracking, both in resources and results but without doubt it is a growing drain on resources and on the environment. What i think is painfully clear is that a solution to these problems is needed by the industry. OOIL is one of many companies working to solve some of these issues. The industry is huge, it is growing, it needs solutions.
This is all fairly standard information, documented in many places to anyone who wants to look further. I'm not sure Riggs feels he has to distort the size of the issue out there.
I am not here simply to tell you everything OOIL does works, the proof will come out soon enough if it does. But i do see them in a growth market, with a product that seems to be providing a solution to alot of this mess and i would like at least some acknowledgement for their efforts and more importanly some ENCOURAGEMENT to help us make fracking a cleaner solution. If the company makes money out of it (and its shareholders) then good for them too. I think most people without a shorting agenda would at least see that as a fair comment.
Oh dear... firstly i'm quite glad the company is not responding to you, i would actually be more concerned if they did
Secondly you have no idea if i own investments in this company or not. What i can guarantee you is i have an interest in watching this company and the developments it is making. A productive board may have helped to share views but certain members, yourself included just use to to spout negativity and attempt to tell everyone else about some other useless crap you claim to have invented. I wouldn't have a problem with some negativity where due, but you guys have no interest in saying anything positive about this company regardless of anything they do. Including out of context statements from 10k statements to try provide dramatic effects. If you aren't stock holders you are either shorting the stock, or you have WAY too much time on your hands. Either way i don't care. If anything the posts have become a joke.
Did you really just ask me if i owned Russian investments? If i knew Japan had a holiday today? Oh how that made me laugh. With all due respect I really couldn't care if you were Warren f*cking Buffet thats not why i am here, and it's not the information I want to know about when it comes to OOIL.
If people want to have a constructive discussions on OOIL which is what this board is for, (and i welcome the guys who have posted recently), then i am all for it. As for the guys who are trying their best to derail everything OOIL for their own purpose... it's become so obviously tiresome, noted by me, the company itself and soon to be the SEC quite possibly.
And you know what exactly about this? They won't even reply to your emails about some technology you have dreamt up to save the world... go away and save it then, don't sit here and bash the company, then turn round and complain they won't do your work for you
Well if you refuse to accept multiple independent verifications it is unlikely that you will really see any positive news in this company or this stock. You guys just argue that everything is a scam. Not really a lot of point arguing with you or other people who only come on here to sow negative hypothesis. You obviously have a motive, lets just hope its not the short selling one...that would be a nasty place to be right now.
They clean water, to a consistently cleaner level than competitors. Thus allowing oil companies to use that same water on site, back in the wells, without huge transportation logistics and off site decontamination. Thats like OOIL basics. I'm glad you can make a clear glass of water with pollutants in it thats unsafe to drink, but it's not really the technology that OOIL, nor any other company i expect, is looking to get in to!
They have been doubly verified by industry experts in decontaminating their water to a degree that is acceptable for the job in hand, notably reusing on site. Levels higher, and potentially cheaper than competitors.
A closer reading of the SEC filings show that this is hardly the dramatic ongoing scare that you are so insinuating...
Mr. Eckelberry, our Chief Executive Officer and Chairman, previously sold an aggregate of 224,461 shares under a pre-arranged stock trading plan with a broker and beneficially owns 1,113,075 shares of our common stock.
Meanwhile the management have every incentive to get this company flying
On May 25, 2012, we instituted the OriginOil 2012 Incentive Stock Plan (the “2012 Plan”), after approval by the Board of Directors and a majority of our shareholders. Like the 2009 Plan, the purpose of the 2012 Plan is to retain executives and selected employees and consultants and reward them for making contributions to the success of the Company. These objectives are accomplished by making long-term incentive awards under the 2012 Plan thereby providing participants with a proprietary interest in our growth and performance.
It's not an oil drilling company .. if you want an oil drilling company go buy an oil drilling company stock...
"a globetrotting crew to to tout the benefits of clean fuel" - Yes im sure thats what Riggs does every morning, he wakes up and says let me go on holiday and talk to people about clean energy .. or ANSWER B he is running a company that needs to market itself to various industries be it in US or overseas.
You guys day after day just write complete drivel, half accusations, and consistently attempt to drive the stock down. If you are not shorting it i don't know what your reason for being here is. Really... for once i would love to hear your views on the technology involved... the technology that has been verified internally and externally.. tell me it doesn't work.. please.. i fancy a laugh
Seriously, WTF are you talking about? This is a serious industry with many serious people creating serious businesses with very fine margins. If something comes along that can cut your bottom line by taking out massive water usage/transportation you are going to look at it and invest in it as part of your business plan.... ITS PURE ECONOMICS... seriously...
This shale gas revolution is going to drastically change energy dynamics around the world... USA is leading the charge, but China is gearing up to use its even bigger shale reserves. This will lead to cheaper energy for the worlds biggest economies and more stable energy prices... you want to be in infrastructure plays in this industry... it's not going away... to call it a revolution is not underestimating its prescence... OOIL is bang in the middle of it... even if it's not THE mainstream solution (it may end up being), the fractured (no pun intended) nature of the industry means there will be many, many players that can use its technology to clean water onsite and avoid water transport and cleaning costs. The opportunity is just screaming out... OOIL is there, its marketing in frac country, its scaling up it's machines to commercial size, its technology is working and independently validated...... OOIL is on the verge of it's own revolution...
I agree, of course there is a fee to pay to another company for its services. It's hardly outrageous either in size or concept. That's just more pointless negativity that really holds no water.
Is it just me or does anyone else see a painfully obvious correlation between there being massive short selling manipulation on the stock and the fact that a particular person keeps diligently and relentlessly spouting negative, out of context disinformation on these message boards. Theories about being 'right' link in nicely with the short selling manipulation. The intensity with which they post on a stock they don't own under a guise of helping others is very strange. Many of the accusations have been deliberately taken out of context from 10k's. and the negativie posts just keep coming back from the same poster.
Hopefully the regulatory sniffer dogs are looking into this stock so the company can have a fair run...
One can only applaud a company who is willing to fight for transparency to protect its shareholders. I hope buyins.net can get to the bottom of the short selling issue and the company can focus on getting its technoogy out to the market
Well, I may be wrong but I think their suggestion is their technology is better implanted into existing structures on site, than as stand alone machines. Saves ooil a large chunk of costs/manufacturing and suits individual frack sites better.
Good on you dontplayer... Hope it works out.. I think you're timing is pretty good for it... I don't know of any tests yet that disprove the technology so now it's all about creating the commercial product and letting it fly. I think you are most likely right about previous perceptions of algae but there has to be a point, when the big scale machine is pumping out 99% clean water on a regular basis that even the most hardened fracing sceptic will be saying 'we need one of them'
Hi dontplayer, welcome, nice to have someone looking for a constructive dialogue here. Essentially you are correct. The market is there, the technology has up to this point been proven to work better, and cheaper than competitors. It has also led to potentially profitable offshoots (aquaculture). The beauty to me is that the technology behind it has a natural fit (i.e algae is doing its natural thing and coming up with all these uses.). Up until this point i believe one of the important hurdles they needed to cover was scale of commercialisation, and thus proving its use to the major oil players. This system is now being built. With the system seemingly easily scaleable i don't see any particular issue with this. So that leaves the vital peice of the jigsaw in getting someone to pay for the licence. Once that's locked in, i believe it will prove itself over and over. I don't imagine anyone will buy on the small scale prototypes.. but if the bigger systems work... well i reckon it's off to the races. To many frac companies, sites all looking to clean up for someone not to work with OOIL on this relatively cheap, and environmentally friendly product. Rigg's extensive networking and role in global algae tech can only help boost those chances. That first sale or two are crucial as it covers the basic operating costs, from then onwards all sales are licensing based which, if it gets to that, can be very lucrative. The asia/aquaculture business is very interesting side show too. I happen to live in asia and i see alot of money available for projects like these. i'm far from an expert in fish farming but from what i hear it's a highly important business and the issue of water contamination is one of their biggest obstacles. Again though OOIL needs to prove, and scale commercially. Ultimately they have a great product, placed at the forefront of a couple of major booming markets, they just need to get from small testing company to produce results on a commercial scale that will entice the licensing deals they (and most of us) so crave. They know it.. they are working on it...
Thanks Future1 They are certainly in an exciting arena with all that is going on in fracking. As with all these things there is a bit of luck involved but it seems the technology works so far, and you are right they have networked themselves well.
This blog has become a joke. Repetetive half truths, out of context accusations and the abscence of anything positive to say by some members is a very sad state of affairs. Kimble, like you say Future1, obviously has a beef with BA and OOIL shareholders are paying for that with all this negativity. The wish that we can talk as shareholders about this companies prospective is just spoilt by a few non shareholders intent on damning it for their own motive. I advise anyone interested in this company not to bother here, what a waste of time.
agreed, they certainly get around a lot... they have done a very good job at positioning themselves as a go to team in the algae field.
On the fracking front the big boys wanted bigger, commercial ready systems... Ooil are building that as we speak it seems... no reason it shouldn't work sell those and we are off at last!
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