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It's in the I-box process diagram page. They show an icon labeled tires as input material.
Thanks for that info on plastic melting temps. I was off by quite a bit.
To quote Mark Twain "It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so."
I sit corrected.
scion
I just read that study you provided the link to. Thanks for that.
PVC and PET were not show stoppers but the authors suggested they be excluded because they didn't produce any liquids in the output stream in the process used.
Move importantly, the authors used straight pyrolytic process in their study.
The process used by P2O incorporates the use of catalysts which may solve the PVC and PET issues. Also the use of the catalysts seem to shift the product to shorter chained hydrocarbons compared to the Austrailian study.
Clearly we don't know as much about the process as we'd like to at this point. Once we get some info from the lab work going on we will have a better understanding of the situation.
Thanks for that info..... That is outstanding if it confirms.
If tires are readily usable in this process every medium to large city will want one. There is a huge amount of old tires sitting in tire dumps all over this country.
Do we know what temps this process runs at?
At least from the diagram it isn't one of the plasma thermal decomp processes.
Given that a lot of plastics don't melt until 700 F, it has to run pretty hot.
I just reexamined the I-box process diagram and noticed for the first time that old tires are considered as usable input materials.
That increases the amount of available input materials by quite a bit. Even more interesting is that you can charge people to accept old tires so the input to the process becomes a revenue stream instead of a cost item like plastics will be.
They haven't given a specific plastic mix as far as I know.
Recycled plastic is what they say is used.
I am curious about PVC and the like, as I wonder what the process does with the chlorine molecules.
They say general recycled plastic mix.
That is the silliest thing I have heard lately. Lets say you are correct and it takes 1 day out of every 2 weeks for maintenance.
That is 13/14 = 92.8% up time for the process.
Consider that at present manufacturing utilization in the US is running 69.2% according to the U.S. Gov. 93% utilization rate looks pretty great.
http://www.federalreserve.gov/releases/g17/Current/default.htm
If they are making petroleum equivalent at $10/bbl which will sell at a premium to the crude oil price because it doesn't contain long chain hydrocarbons that have to cracked, I'm pretty sure that they will be able to turn a serious profit.
So based on the numbers we get. Number are gathered for the I-box for the process.
15 metric tons processed in 2 hrs.
1 Kg of plastic = 1 liter of oil.
1 metric ton = 1000 kg.
15 metric ton = 15000 liters of oil every 2 hrs.
159 liters = 1 bbl
15000/159 = 94.3 bbl
94.3 bbl / 2hrs = 47.15 bbl / hr.
Gasoline futures price is 2.23 a gal = $93.66/bbl
Light sweet crude future price is $80/bbl
So lets split the difference and call the output price of P2O $85/bbl
47.15/bbl/hr * $85/bbl = $4007/hr product value
less the cost of production $10/bbl * 47.15/bbl/hr = $471.50
So $4007 - $471.50 = $3535.50 / hr profit.
$3535 * 24 =$84840 / day
$84840 * 30 day/mo=$2,545,200/ mo profit
Lets not forget down time so $2,545,200 * 92.8% = $2,361,945/ mo
$2,361,945 *12 mo/yr = $28,343,347 / yr profit.
Less amortization of the plant cost assuming that is not included in the $10/bbl figure.
Do we have a number of the expected cost of a production plant?
Thanks for that info on short sales vol.
What it doesn't tell us is how many of those shares were covered, so that number doesn't really give you a handle on how many shares are in open short positions.
Obviously you have never heard the phrase " there is more than one way to skin a cat."
If you read this closely then you know that the original catalyst formula is old. It was updated to conform to the current standards for chemical usage.
That means it may be patentable but it may not be novel enough to be patentable. Patents are not the only way to protect intellectual property. There is the copyright approach and there is the trade secret approach. Consider that the formulas for Coke and Pepsi are not patented but are trade secrets.
All a patent does is entitle you to sue and be counter sued. Thomas Edison spent so much money in defending his patent that he said he never made any money on the light bulb. And he was unable to stop other companies from producing them.
The page maybe 2010 but the report was March 9 2006 and the review was done in 2004.
Not what I would call hot off the press information.
Dude....As you say.. the catalyst cost is a penny a liter....you use that number as if it was total costs to produce one liter.
That is just the cost of the catalyst consumed to produce one liter of product, to which you must add all other costs that you listed to arrive at the total cost of production.
It would seem that you are going way out of your way to set up a straw man.
This seems to be a very transparent and ill conceived attempt to created FUD.
The number I have seen quoted on this board is $10/ bbl. At 159 liters per bbl that works out to 6.3 cents per liter production cost.
I haven't seen the source of that $10/bbl number so I can't vouch for it.
King oil....would you care to expound on how the warrent holders are able to short this?
I am only aware of how to short thru retail brokers and that takes a pot load of money to do, so there has to be some other mechanism that these guys are using. Do you know what it is?
Thanks
Steady_t
Except for the fact that this is a trust and not a "fully reporting shell."
Dadgum... And I keep reading here that you can't short penny stocks.
I guess that someone was misinformed.
I buy at the bid when I can and buy at the ask when I must.
Here is a test question for you Morganfield, what makes the difference?
Or maybe he really did leave because his new job placed big demands on him.
The guy that replaced him has M&A / money experience that looks to be more valuable to the company at this point in its evolution.
Perhaps they asked him to leave to create a spot for the new guy. Had you considered that possibility?
That is simply not correct.
Many brokers will allow you to short stocks that are under $5.
TDAmeritrade will let you short penny stocks if you meet their capital requirements of $2.50 per share. It takes a lot of capital to do that, but it is possible. Other brokers will allow you to short pennies. Each has their own capital requirements.
I don't think it is a material event just yet.
To quote the PR "Health Discovery Corporation (OTCBB: HDVY - News) announced today that the Company is nearing completion in the development of a melanoma/skin cancer mobile phone application (App) which ..."
It becomes material when it is completed and ready to be sold.
A "nearing completion" is not material, so I think this is a "get additional attention to the company" PR. Seems to be part of an effort by the company to generate awareness in the investing community.
I hope this is part of a larger plan based on what they have in the pipeline.
Could be a harbinger of good things to come.
Steady_T
I'm not completely familiar with the FDA approval process. After Phase III does the FDA have to review all the data and then grant approval for commercial release?
With the data published so far that shouldn't be an issues considering how weak the present test is.
Perhaps I'm thinking of the approval process for drugs and the tests protocol is different.
Thanks
Steady_T
I have to disagree with you about not having a market without MM's.
As an example, think of Island ECN of a few years ago. No MM's, strictly matched orders. Made enough money and took enough market share that it was bought out.
I snagged some at .301. Stepped out to the kitchen to make some lunch and missed the .28's Sigh.
Looks like the usual MM clean out the overhanging stops trick to me.
Thanks for that reposting that information.
I do have a question that has bothered me for quite a while.
How do you remove the assets from from a company that you don't "control" and move them to a company that you do control?
I assume that this was done in a legal manner since there have been no lawsuits filed. The mechanism by which this was done has never been explained and it perplexes me.
SNIP
With SEVM, what’s left is the shell or the stock entity with no assets in it of which the shell is owned by someone other than Jonathan and Richard of which they never had any control over.
Now for something different.....
The last annual report associated with what is now EVRM was filled by Dynamics Media Holdings on Feb. 14th 2009. It showed no business plan a 4th qtr income of $415 and a loss of $9741.
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=19539
So, there has never been an annual report filed by EVRM, therefore we are unable to use the past as a guide to predict when EVRM will have it's first annual report completed and released.
The usual time frame is 60 plus days. Given the accountant issues that occurred with the 3rd qtr. reports, I'll be very surprised if the annual reports are done in 60 days.
I hate it when you have an ugly accountant.
Sorry... My last post about filings dates was for the wrong stock.
Not on Alphatrade or TDAmeritrade
Do you have any idea what the normal time frame for EOY filing is?
No reason to expect one tomorrow. Last years 10K was filed on 3-31-09.
That would include 4th qtr data.
http://www.sec.gov/cgi-bin/browse-edgar?company=&match=&CIK=hdvy&filenum=&State=&Country=&SIC=&owner=exclude&Find=Find+Companies&action=getcompany
Interesting post. I have observed that a lot of the buying that can be accounted for comes from this board and I have been one of those buyers.
The only argument I have against yours is that for quite a while we have seen the ask uptick to fill an order and then drop immediately after it was printed. That suggests to me that the MM's don't want the price to go up. Frankly that is a pretty weak argument on my side.
So what you are suggesting is that we pull all our orders off of the books and then the price will either stagnate or rise. Do I have that right?
Very interesting interpretation of events, one I find hard to argue with.
I have pulled my orders.
Exactly. There was much wailing and gnashing of teeth and the company put out a PR in response. They told us what the current position of the company is. It wasn't the good news that folks wanted nor was it bad news. It basically said patience is required.
Without news of specific Dollars the SP has and will continue to drift downwards. Many folks expected that and are buying shares at these lower prices. Many others just complain about the lack of price support.
There are those here that are in love with seeing their words on a screen and continue to post the same thoughts over and over again. If there is a point to that I seemed to have missed it.
Last time I checked, buying a stock is about predicting the future. No one has a crystal ball. We all have to make decisions on incomplete information and then live with the results.
I have reviewed my decisions on the stock, in particular the decision to not bail at a reasonable stock loss point. That may have been a bad choice on my part, but at the time I made that decision, based on the information available at that time, it seemed like a good decision. Time will tell, whining will not.
I am keeping a bit of powder dry and ready. When to pull the trigger on that powder is a whole 'nuther question.
Good luck to us all.
It won't be me.
Maybe sell some at .10.
I think in that case it would be another millstone.
No need to comment. There were no predictions in that post. The 3rd qtr results were as I expected i.e. not much happening in comparison to the out-sized expectations of many. In fact the 3rd qtr showed cash flow positive which is a great situation for a pink.
I expect similar results for the 4th qtr.
When they receive task orders with specific Dollars attached we will hear about it. Until then, as Tom Petty so eloquently says "Waiting is the hardest part."
How many times are you going to repeat that?
We know you aren't happy.
Task orders will happen when the people that write them choose to. Those people aren't under the control of EVRM or the Primary contractors.
It might take 6 months for EVRM to receive task orders, although I sure hope it doesn't take that long.
We have bounced off of .01 again today. Looking like a good support level for the time being.
Would you care to explain what legal mechanism he would use to "buy out the trust"?
I have to ask....Which one of you was on top?
Thank you ... to whoever painted the tape today.....
I get to have a weekend with a bit of a smile.