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India, Africa, and don't forget Atlantis.
It's hard to balance when the B/S date doesn't correspond to the ending I/S date. Most of the difference is located in the Net Income figure. Which begs the question, how did they manage to lose $1.1 million in 28 days?
What? You have a balance sheet as part of any set of financials. And it should balance no matter what. Debt can be zero...does not matter.
Yet, going back through your documentation, there is the 12,500 shares, usually the first trade or trades of the day going off at the bid. You have your doubts? I'm calling bullshit.
Re-read the PR about Econav purchasing up to 6 processors. Pay close attention to the wording, the various "subject to's". I don't know how anybody could come to the conclusion that it was a done deal. Typical penny stock fluff.
Clear up for me what EcoNav's role is here and how they could commit to buying processors only to later put it on hold for a better deal for PTOI as a reason no pilot was performed.
You are obviously confused. The brokers are under no obligation to sell you shares below the stated ask price. The posted bid is what they are willing to pay per shares that they BUY from you.
By definition (look it up), the ask is the price that the broker is willing to accept in order to sell you shares. If you place an order to buy stock at a price less than the stated ask (ie. bid-sitting), and you eventually get filled, that means that the broker dropped his ask to complete your transaction. (It also means that the broker has access to shares at a lower price)
Retail placing orders to buy stock is not a "legit bid".
It would be beyond interesting to document the rumors being pushed through the "back channels" between the last two high volume days you show in red.(5/28 - 6/12)
Of course that would be if anyone is truly interested in who is manipulating the stock price. ;)
LOL, I certainly understand why a litany of past indiscretions by John would seem to be a "portrayal" by those that view Generally Accepted Accounting Principals as "highly esoteric".
John may not be an employee or director of the company, but in my scenario, he is affiliated with Econav in a significant way. So, good luck with that trust, integrity, and honesty thing.
And now back to my original question - With PTOI farming out the selling, financing, design, construction, implementation, and ongoing support on the deal, and now the suggestion that their facilities and equipment (the fruits of their last 6 years and 60 million bucks) will not even be used for a pilot program, why are they even needed? If a deal is made to sell a processor, or multiple processors, wouldn't PTOI's compensation from said deal be equally as miniscule as their involvement?
As long as we're being highly "esoteric". What's to prevent OBG and EcoNav/Bordinuik from doing an end run around PTOI? At the very least, PTOI's revenue potential has been diluted substantially with the amount of involvement of OBG and EcoNav as portrayed by you and other longs that think the same.
Just won't be a lot of meat left on that bone, even if they do figure out a way to sell a processor.
The seller is the one trying to keep the price jacked up. Pretty ironic that the seller is supporting the ask because the only long buyers are trying to get in at the bid.
Why would that be wierd? As you know, it is a *rigidly CONtrolled pps*
You think the EcoNav guys are friends of Bordy, Heddle, or both?
Note to self:
The MM's are selling in the low 7's. They will be covering in the upper to mid 6's later this week. (Thanks for helping me spot the obvious pattern.) ;)
You are absolutely correct, but you might as well be talking to a brick wall.
Hmmm, those legit bids don't show on level II. Wonder why?
I understand, and agree. If you follow my thread back, you will see that I'm merely pointing out that retail buyers are wasting time complaining to finra that the MM's refused to sell them shares at the bid.
And further to the point, any retail buyer that thinks this way obviously has no clue how the market actually works, regardless of how many years of *documentation* they have.
My point is, that just because retail is placing a buy order at the stated bid, it's not an actual bid (which can only originate from a market maker), and thus there is no "bypass".
Which market makers should write to Finra about legit bids bypassed? I would imagine they would be pretty upset if they were offering to buy shares, but the shares wound up being purchased by a different market maker at a lower price. I bet the seller would be mad as well.
So, which market maker's legit bids were bypassed?
Because they are often combined, and could often lag 2 or 3 days after the sale.
While wondering why Waste Mgt invested in Agilyx, I can't help but also wonder why a company with the stated goals of RockTenn would flat out reject the advances of JBI/PTOI?
RockTenn > Sustainability > Sustainability Framework > Environment
Improving our environmental practices
RockTenn facilities have a long history of using renewable resources, and our recycling efforts date back to the 1800s. Environmental sustainability has always been a cornerstone of RockTenn's business, and our pledge to responsible environmental management is embodied in our Environmental Policy.
Environmental Performance
Operational excellence and environmental responsibility go hand-in-hand at RockTenn. We have implemented robust environmental management systems that are designed to ensure compliance with environmental laws and drive implementation of energy, air, water and waste practices throughout the organization.
Recycling and Waste Solutions
We are one of the world's largest recyclers. Through RockTenn's nationwide network of 39 full-service recycling facilities, we manage approximately nine million tons of recyclable materials per year, including paper, plastics, glass and metals. We also are helping companies across the country meet their sustainability goals by turning their waste into recyclable products and reducing their disposal costs.
Product Certification
Our product certification procedures ensure that all of the products we manufacture are safe for their intended use and meet applicable regulatory requirements. RockTenn facilities implement good manufacturing practices and our products can meet a wide range of domestic and foreign packaging safety requirements.
Innovation and Package Design
RockTenn has a powerful combination of capabilities and resources devoted to delivering innovation. A focus on identifying industry trends allows us to proactively develop packaging solutions that fill our customers's identified needs, including sustainability. Our sustainable packaging development process helps our customers meet innovation goals, by identifying opportunities that enhance sustainability throughout the supply chain, from material selection and design to the development of next generation packaging solutions.
http://www.rocktenn.com/sustainability/Sustainability-Framework/Environment.htm
What are my shares in this company worth now?
Would you like that in dinar or dong?
Excellent response, and excellent reading on the Finra comment to the SEC. It should be required reading. It completely explains why the daily SHO % are completely meaningless. They're only half of the story. They show what was marked short, but they don't show how many of those were still short at the end of the day, much less the standard 3 day settlement.
Why *anybody* would *rely* on the daily SHO % to jump to completely erroneous and possibly disastrous conclusions is beyond me. Is it simply *misunderstanding*, or intentional *misleading*?
Come on down to Honest John's Used Processor Sales, no credit check required, just one low payment per month!
You could very well be right. Using $13K of inventory to make $6K of sellable fuel sounds just about right for PTOI's process. That explains why they pay for other stuff instead of fixing the damn machine. The machine costs them a lot more to run, than to let sit idle.
Wash trading? Nonsense. You do realize that the tape shows both the purchase and sale of the same shares. The market maker participates in all transactions. But, as I'm sure you are aware, not always in that order. ;)
You mean Al Sousa,JBII's first major P2O customer? The guy that gave JBII massive credibility?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=47133300
Sounds like they don't have the resources to pay for the annual report. It's probably another calculated risk by the genius. Why pay for bad news when you can hire His Excellency Ambassador Free Safety for the "feel good" story of global expansion?
Resigning then consulting relieves him of the burden of signing off on the 10K. Can't think of any other reason for him to resign now if he is sticking around anyway to help complete the filing.
Just because you can't buy into them, doesn't mean they aren't direct(and formidable) competition in the field of P2O.
So, what's your point?
The market makers set the bid, right? Are you saying the market makers won't honor their bid and buy your shares for .17?
I'm seeing a lot of bull on a daily basis.
The entities, whether public or private or some type of partnership, that control the feedstock, will have the final say in who gets to place the processors.
There seems to be a great deal more competition than has been suggested on this site. Those battles are happening right now.