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BTW, you guys have been a jinx to me. I have been swing trading for 7 years and all my wife has ever said was generic questions like, "How are we doing?" or, "Everything going OK?" because she never really cared to hear about the particulars.
However...
With SNRY I mentioned that I thought we were close to something in NOV - and now every couple weeks this year it's, "Did THAT STOCK ever move?" or, "When is THAT ONE STOCK going to do it's thing?"
Thanks guys, you've jinxed me - hopefully not for life now! LOL
It's almost like I'm living with HP! LOL
All The Best
I would assume that he sent in a sample to Textile World, but I don't know if we got any verifiable information that he absolutely did.
But you repeated my point succinctly, at this point we do not know what KBLB actually has in their possession - it is all speculation at this point.
The point I was attempting to make is that I would think a commercial deal is much less likely to be finalized until KBLB can verify what supplies they actually have in stock; not just what they plan or intend to have.
I am still expecting to hear solid news about commercialization and a PR this week.
If not, and I have been wrong before on other stocks, I am also preparing to buy a lot more around the end of next week. I'm just keeping my options open.
All The Best
Good point, SNIZZLE. At this point right now it doesn't matter the number of shares authorized, all that matters is what is issued and outstanding. The only reason to even mention the authorized shares is to show that they have not issued any more since announcing that they have entered into an agreement with an 'internet marketing company.'
Only issued and outstanding shares are 'open targets' for any reverse split. The authorized number usually remains the same. That is why so many scam penny stocks do them. They get close to the ceiling and then do a 1:2500 or more split and then get to 're-issue' (not technically but practically speaking) more shares.
The smaller R/S like what we went through are more in preparation for a new company to have a very attractive share structure.
SNIZZLE is right, Besuchet and Fann are going to be given even more shares than what they hold right now when the R/M happens.
The usual case is for the "new" company to change the SS either during the R/M or soon after, anyway - although SNRY does not really have to do so.
Personally, I would think that Verndale would keep pretty close to the same SS and keep a low float to make it much more attractive to investors. With so many "extra" shares, they can voluntarily retire some shares later and it would make for a great PR.
Also, the Preferred are still completely untouched - very important! They will use these for investors and can attach any kind of value to them that they wish (for the 4 founders of the company). They can make each preferred the only voting rights, or give them a value of 10:1, or attach options of buying shares to them - really a whole bundle of options for them right now.
If GSP came into this SS, I can see them sell a ton of shares for all their projects coming up.
Mainly - they have left the float alone because SNRY basically is acting as though this company isn't theirs any more.
All The Best
The only problem, friend, is that basically no company is going to buy what you PLAN or EXPECT to have - they only will buy what you can PROVE you have.
I'm not up on all of the transpositions and dating per generation. All I know is that when they finally get the combination right, KBLB will have to verify that it is right for ALL the worms, not just a select few.
Then, it will take a long time to get thousands of eggs to grow and become silk-spinning worms ON A COMMERCIAL LEVEL.
Kim could go shopping with a spool of silk, however marvelous that spool is, and I would imagine most companies would say, "So..."
He has to be able to go shopping with hundreds of spools, IMO, and pieces of fabric to allow those companies to test.
If there is no commercial deal, it means we don't have a commercial supply of silk, yet. I think we have the right silk, I only question the amount that we actually have.
If a commercial deal is announced, I'll be thrilled. If it is not, I am already placing some funds aside to buy a bundle around THU or FRI after the CC.
All The Best
Agreed with all points. I've been in this stock for a few months but only my 2nd post.
1. More eyes will come as more great financials are put out.
2. Any company that has been growing during the last 3 years - ESPECIALLY BOTH THE FINANCIALS AND STOCK PPS - will become more widely noticed.
3. I have never understood why so many are willing to put a lot of bucks on a stock at .001 with doubtful product, unproven track record, and mostly hope rather than a stock like this at .35 or .50 that will go $1+ easy.
All The Best
Good post, SNIZZLE and a mighty small float it is!
I will keep all your information in the forefront of my mind as we welcome new people to the board.
Just glad to welcome all the new faces and am expecting to see a lot more in the very near future. Not being able to PM is a bummer!
All The Best and Thanks For The Info!!!
Found the answer to my own question:
http://charlotteraleigh.citybizlist.com/14/2011/6/1/Verndales-Raleigh-NC-Office-is-Picking-Up-Steam.aspx
Verndale's Raleigh, NC Office is Picking Up Steam
Posted June 1, 2011
Recent Client Acquisitions in the Southeast Region Extend Verndale's Reach
Boston, MA -- Verndale, a leading mid-market digital agency, continues to expand its presence throughout the Southeastern United States. Since January 1, Verndale's Raleigh, N.C. office has helped extend Verndale's digital services from Washington, D.C. to Florida, supporting existing clients, growing new accounts and extending technology partnerships.
Led by Verndale's President and Southeast Managing Partner, Joe Zarrett, the new office has allowed Verndale to more intimately work with the region's clients, partners and individual communities.
"We took many things into consideration when planning the expansion to this region including feedback from our existing clients regarding the lack of dedicated technical expertise that was available on a local level," Zarrett said. "Fortunately, our team's scalable business model allowed us to extend our breadth of digital services to our clients while maintaining consistency around project methodology and management."
Recent client acquisitions throughout the region include Thales E-Security, headquartered in Weston, Fla., Logility, Inc., out of Atlanta, Ga. and The Heritage Foundation, located in Washington, D.C.
Verndale's content management partners who include Sitecore, Kentico, Sitefinty and Crown Peak have also taken notice and are working closely to educate and expand their technology in the marketplace.
"Verndale's Southeast office is a great addition to Sitecore's network, providing our clients with proven project methodology built on technical merit and success," said JM Guthrie, Sitecore Southeast Partner Manager. "As partners we are eager to grow throughout the region by helping solve our client's business challenges with Sitecore's proven technology."
About Verndale
Since 1998, Verndale has helped hundreds of emerging and midsize businesses maximize the value and reach of their web assets with a comprehensive offering of Interactive Strategy, Web Design & Development, Search Engine Marketing, CMS & System Integration, Web Hosting and Website Support Services. Verndale is a Microsoft Certified Development Partner and maintains active partner relationships with many of the leading Content Management, Portal, Commerce, Search, and E-Mail Marketing platforms. Verndale has earned numerous honors for technical and creative excellence, and has been repeatedly recognized by Inc. Magazine as one of the fastest-growing private companies in the US. For more information, visit www.verndale.com.
Joe Zarrett
CEO, Verndale
Raleigh-Durham, North Carolina Area Internet
Current
CEO at Verndale
Education
University of New Hampshire
Recommendations
2 people have recommended Joe
Connections
500+ connections
Websites
Boston Web Design
Search Engine Marketing
Web Hosting
Twitter
VerndaleTweets
Public Profile
www.linkedin.com/in/joezarrett
Cary, NC Internet Web Design/Hosting: Verndale
Verndale
2500 Regency Pkwy.
Cary, NC 27518 | Map | Directions
Mr. Joe Zarrett
(919)858-6411
http://www.verndale.com
Verndalehas been a member of the Greater Raleigh Chamber of Commerce since 2011.
Products/Services for Verndale
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Thank you for the clarification. Good thing I am not working for the FAA and assigning ETA's for flights!! LOL
All The Best
Thank you, sir. I am looking forward to your chat with CHARLESNET next Tuesday at 2:00 PM EDT.
I am sure it will be very informative.
All The Best
IMO, low-float stocks will always be rather illiquid. The nature of the way SMKY trades seems to have been in the same illiquid pattern. When there is buying volume it soars and when there is selling volume it slides.
To me, just the fact that it has maintained the .06 (rarely) to .08 range with the selling pressure seems to indicate that someone is liquidating a position and does not wish to hurt the stock while doing so. When the selling is over, we should rise. Most likely quickly like we have done in the past.
All The Best
Yeah, I know what you mean - no one knows right now.
Here are a couple points for NOT being solar (although I am still rooting like crazy for GSP!!):
1. Fann is not seeking the new company, Mark Lev is - and I think Lev understands that solar in this country is a poor financial investment.
2. Fann could have been speaking at that conference for 1 reason: Increase his resume and look for a new job. It will sound so much better for him to tell someone that his company went through a R/M rather than his business fell flat.
I'm now very curious...
Verndale has one employee in the NC area, possibly a salesman who uses the virtual office there.
Perhaps they plan on expanding into the "Research Triangle" area to build websites for companies who need top-rank technology for their sites?
A company with over 50 employees (most in well-paying sectors, not necessarily blue collar), annual revenues of $6M and Gold Partners with big, powerful companies.
Starting to sound pretty appealing. I have already followed them on Twitter.
All The Best
Great Catch, SNIZZLE! The address on the NT 10-Q filed on 3/16 has the "empty warehouse" address on Milliken.
The address on the 10-Q filed just 4 days later on 3/20 has this new address.
Looks like I have found 2 companies which MAY seem to fit - the first is less likely, the 2nd seems to be very interesting:
#1 - RECARIE SOFTWARE
http://www.racarie.com/contact-us.htm
They have put together a very important software: ApplicantStack
http://www.recruiter.com/recruiting-news/applicant-tracking-system-provider-teams-up-with-monster-and-careerbuilder/
Applicant Tracking System Provider Teams Up With Monster and CareerBuilder
ApplicantStack, an applicant tracking system provider for small and medium-sized businesses, has just partnered with Monster andCareerBuilder, two of the largest online employment websites, to make job posting faster and easier. Under the new partnership, ApplicantStack has integrated their applicant tracking system with the two online employment giants – enabling their customers to post jobs to either site with just a few clicks.
Nathan Shackles, President of ApplicantStack, explained in a recent press release how the new features work: “First, you need to connect ApplicantStack to your Monster and CareerBuilder accounts using a simple setup process. You use a pulldown menu to select “Monster” or “CareerBuilder”, enter your username and password and simply select “Active” to activate the connection.”
“Once Monster and CareerBuilder are set up, their names will appear on the Launch tab of your jobs with a Post Job link. Note that your job must be Open in order to post your job to Monster, just like your primary job board. After you click “Post Job” you will see a form all the available posting options available. Many of the fields such as Reference Number, Job Title and Job Description will be pre-populated based on the information on your job application and the others are empty for you to fill in as appropriate. Finally, click Submit to post the job.”
With the ApplicantStack applicant tracking system, advertising open positions on the major boards is simple and streamlined – the entire process only takes a few steps. After posting, users can view and edit Job Details as necessary- updating job status, the URL, the post date and the expiration date. Candidates that apply to positions will show up in the ApplicantStack database automatically with no need to re-enter or manually import candidate information, saving recruiters time and reducing the chance of human error.
This news article is part of our regular recruitment and Human Resources industry news coverage. Recruiter.com is not affiliated with nor does it endorse any of the companies mentioned in this article. This article was not paid for, however, the company or companies mentioned in this article may have or had an advertising relationship with Recruiter.com. This article is meant for entertainment and general informational use – please seek professional advice and information from multiple sources before making any decision.
ApplicantStack Applicant Tracking Software Streamlines Hiring Process for Construction and Engineering Firms
PRWeb – Tue, Nov 1, 2011
• Email
New: Now the email button gives you a quick and easy way to start a conversation.
Flexible, scalable, affordable applicant tracking system exceeds expectations for small to mid-sized construction and engineering firms.
Raleigh, NC (PRWEB) November 01, 2011
ApplicantStack, a leader in applicant tracking software, has an easy-to-use, scalable resume and applicant handling system that surpasses the exacting standards of engineering firms and builders. Engineers and builders design, build, test, and implement projects every day. They are analytical thinkers and demand well designed products that meet or exceed their expectations. They evaluate their software application with the same attention to detail. This is why ApplicantStack is particularly proud to receive high marks from so many engineering customers.
ApplicantStack is designed to help small and mid-sized companies manage their staffing and recruiting process more effectively and more efficiently. It can be tedious, repetitive and time consuming to perform all the tasks associated with recruiting, screening, interviewing, and following up with candidates. And in today’s Internet-based world, it can be equally challenging to post jobs to online job boards, keep track of them and take them down when necessary. So, when you have to do all this on top of running your core business, such as an engineering firm or construction company, it is nice to have some reliable technology to help out.
This is why construction, engineering and industrial firms appreciate the benefits of an easy–to-use, affordable applicant tracking system like ApplicantStack to save time and automate key steps in the recruiting process. Bright Automotive, CST Industries, FDH Engineering, Industrial Mechanical, New Pig Corporation, TrueVance, and Weber Aircraft all rely on ApplicantStack to automate their hiring process and keep them in compliance.
Dennis Berry, Support Manager, at TrueVance Management, Inc., one of America’s leading providers of infrastructure engineering, construction and support services, highlights several key benefits, “Our use of ApplicantStack benefits us by keeping resumes in one place, categorized by job description, allowing us easy access to monitor incoming resumes, and to screen and reply to them.”
New Pig Corporation is a multi-channel, multi-brand manufacturer and supplier of products designed specifically for leak and spill management, industrial safety, and plant management serving more than 200,000 customers in over 70 countries. Everything they do – each new product innovation, service improvement, or new employee – is dedicated to helping their customers work smarter and faster and make it easier to keep their workplaces clean and safe. Human Resources Director Ross Adams says, “ApplicantStack offers the solution set I’ve been searching for – it was very easy to implement, the price is right-sized for our need, and the functionality immensely smoothes out the recruitment campaign process from job posting to resume and application handling to getting candidates in front of hiring managers to capturing candidate assessments.”
At FDH Engineering, Human Resources Director Natasha Gilmore says ApplicantStack has surpassed their expectations, “As a growing engineer firm, ApplicantStack has helped us meet the challenges of managing an increasing volume of job postings and resume submissions. The flexibility in their workflow design has simplified our screening processes and improved the documentation process of our hiring stages. Having a centralized database online allows better coordination of recruitment efforts in our growing satellite offices. ApplicantStack has exceeded our checklist of needs: inexpensive, user-friendly, scalable, and great customer service.”
In today’s unpredictable job market companies need a flexible, affordable way to manage applicant tracking and to keep pace with the ups and downs of bringing on new employees. At the same time they need to do it with fewer resources while maintaining professionalism and complying with all federal employment regulations. These are key reasons that ApplicantStack has seen significant growth among small and mid-sized companies over the last 2 years.
About ApplicantStack
ApplicantStack makes easy-to-use Applicant Tracking Software specifically designed for small to mid-size businesses.
Applicant Tracking Systems make it easier and more efficient to manage your recruitment process by automating tasks such as: employment applications, screening questions, building a career site, collecting resumes and storing them in a single database, communicating with candidates, automating the workflow, and creating reports. The product is offered as Software-as-a-Service meaning it is easy to get started and it has a low monthly fee and no expensive set-up costs.
###
Nathan Shackles
919-508-6156
Email Information
About Us
Verndale is an award-winning, full-service digital agency successfully combining deep expertise in web strategy, design, development, and search marketing to deliver powerful digital solutions that captivate, engage, and inspire.
Verndale is a Microsoft Certified Development Partner and maintains active partnerships with many of the leading Content Management, Portal, Commerce, Search, Analytics, and E-Mail Marketing platforms.
Verndale has earned numerous honors for technical and creative excellence, and has been repeatedly recognized by Inc. Magazine as one of the fastest-growing private companies in the US. The agency continues to sustain significant growth while expanding upon a nationwide client-base.
Our professional web services - bundled and tailored to meet the unique requirements and budget of each client - include:
• Web Consulting
• Web Design & Development
• Web Application Development
• CMS & System Integration
• Search Engine Marketing
• Web Support & Maintenance
• Managed Hosting
News
What’s up? Plenty. Find out by reading the latest Verndale news, catching up with us at an event, or if you’re a member of the media, we’ll help you get the scoop. Stay current on the latest tips, tricks, and trends in web design and development, search marketing, and online business by subscribing to our newsletter or signing up to receive a weekly SEM tip.
Latest News:
Verndale Recognized as Sitecore’s North American Site of the Year Category Winner
March 14, 2012
Boston, March 14, 2012 – Verndale, an award-winning digital agency, announced today that it has been named the North American Sitecore Site of the Year winner for Best Professional, Business, and Professional Services Site. Selected from dozens of customer projects, Verndale is being recognized for its use of Sitecore’s Web Content Management (CMS) and digital marketing technology to develop more effective business processes and advanced web strategies. The website, www.ironmountain.com, is the result of a unified brand and customer experience across its various global websites.
Read More
Verndale Launches New Mobile Site for Money Management International
March 1, 2012
Boston, MA, March 1, 2012 - Verndale, an award-winning digital agency, is pleased to announce the launch of a new mobile website for long-standing client, Money Management International. The mobile site is part of a larger technology roadmap that has included multiple web properties, microsites, client portals and intranet leveraging the Sitecore Content Management System.
Read More
Verndale to Sponsor, Speak at Inbound Marketing Summit New York
February 14, 2012
Boston, MA, February 14, 2012 – Verndale, an award-winning digital agency, is pleased to announce its Associate Sponsorship at the Inbound Marketing Summit, New York. In addition, Verndale’s Interactive Strategist, Sean Rusinko will be taking part in a CMS expert panel discussion on February 29th at 3:45pm – 4:20pm. Sean will be bringing his digital expertise to the discussion, as he and other expert members of the content management arena discuss, “The Future of Corporate Websites – More Social, More Open.”
Read More
Verndale Adds Team of Adobe® ACE: Test&Target Certified Members
January 13, 2012
Boston, MA - January 12, 2011 – Verndale, an award-winning digital agency, is proud to announce members of Verndale’s program management, search engine marketing, and engineering teams recently became Adobe® Certified Experts (ACE) – demonstrating their proficiency with the Adobe Test&Target product, part of the Adobe® Digital Marketing Suite of applications for online business optimizations.
Read More
Verndale Adds to Growing Team of Kentico Certified Developers
January 3, 2012
Boston, MA – January 3, 2012 – Verndale, an award-winning digital agency, is proud to announce that six members of Verndale’s engineering team have recently completed the Kentico CMS developer training and certification. These additional certifications double Verndale’s active Kentico trained staff and reinforces its commitment to Kentico CMS. The completed training and resulting certifications demonstrate Verndale’s ability to create and deliver dynamic web applications utilizing Kentico CMS 5 and the .NET Framework.
Company Profile
2011 RANKING:
#2549
Verndale
www.verndale.com
Boston, MA
Verndale's business model
Provides Web consulting, design, and development, application development, and search marketing services.
Statistics
3-year growth:92%
2010 Revenue:$5.7 million
2007 Revenue:$3 million
Employees:59
Employee growth:23
Founded:1998
Industry:¦ IT Services
Industry rank:#323
Trophy Case
#82
in Boston
Previous Inc.500|5000 Rankings
2010
Rank:2284
2009 Revenue:$4,558,000
Employees:47
2009
Rank:2464
2008 Revenue:$4,097,898
Employees:38
2008
Rank:2571
2007 Revenue:$2,970,000
Employees:36
2007
Rank:2112
2006 Revenue:$2,109,301
Employees:20
Where employees of Verndale call home
Greater Boston Area (60)
Israel (1)
Raleigh-Durham, North Carolina Area (1)
Greater New York City Area (1)
Utica, New York Area (1)
The best consolation to any shareholder would be a solid dose of deep investigation before purchasing shares.
Then continue to get as much valid information as you can.
Make your decision on due diligence, not anyone else's idea.
Afterward, console yourself with all the DD you have done.
I am expecting a good PR before/along with the CC.
But I am a vile, scum-of-the-earth, evil trader who can manipulate this stock price by sheer will power...so don't listen to me. LOL
All The Best
The problem also exists with Penson, who have changed their policies concerning DTC eligibility.
I asked Scottrade months ago about DTC-eligibility with SNRY and they said it WAS eligible. I think it is because they do not use Penson.
All The Best
Welcome, UP-DOWN. If you noticed the "D" we have gone through a reverse split and are waiting to receive our shares. This is why the stock is illiquid.
We are also waiting on an expected reverse merger/acquisition very soon according to all the filings. Now, with a 7M float, the big news should make this explode very soon.
Until the shares are deposited in everyone's account, who really cares at all whether there are "paints" or not. Considering it dropped 85% the day before on a $45 trade - almost all the tiny trades could be considered "paints" at this point.
All The Best
Another article to fuel the speculation on a new company:
After reading this article, which references Arava, what if the "new" company coming into SNRY is a Chinese Company trying to enter the US trading market, to get past Obama's new tariffs?
GSP used Chinese panels for their first solar farm.
We also know that Lev has contacts in China.
http://www.climatespectator.com.au/commentary/deafening-clean-energy-buzz
A deafening clean energy buzz
Published 7:56 AM, 21 Mar 2012
Bloomberg New Energy Finance
With the US poised to put tariffs on solar equipment from China, several US companies were seeking new suppliers last week. Others predicted that Chinese manufacturers would circumvent tariffs by shifting some production beyond the mainland, for example to Taiwan.
Isabelle Christensen, director of North American operations for JinkoSolar Holding, told Bloomberg News that the Chinese manufacturer “would still be competitive” even if the US put an import tariff of 10 cents per Watt on solar panels made in China.
The Commerce Department’s ‘preliminary determination’ in the case brought by the US division of German-owned firm SolarWorld and a number of American companies satisfies their claim that Chinese trade practices have harmed the US solar industry. Bankruptcy hit Solyndra and Evergreen Solar last year as they blamed competition from Chinese-subsidised companies.
Washington DC enjoyed plenty more clean energy action last week. The White House hosted a meeting with 78 companies including Apple, Chevron and Whole Foods to promote tax credits available to them through renewable energy investments. This came as Bloomberg BNA and Bloomberg New Energy Finance revealed that almost two-thirds of tax professionals surveyed said they were unfamiliar with the Production Tax Credit available to backers of US wind projects.
With the credit due to expire at the end of the year, this may be overdue. But efforts continued in Congress last week to extend it – no sooner had one attempt to do so in a Senate transportation bill foundered, than seven Senators introduced a new bipartisan bill, the American Energy and Job Promotion Act.
But the drama was not restricted to the US – there were more signs last week of emerging markets opening the throttle on renewable energy investment. For a start, as if to presage the solar trade case, Hong Kong-based project developer China Merchants New Energy Group secured as much as $US1.6 billion of financing from the state-owned China Development Bank to build and operate solar plants at home and abroad. Domestic installations may not soak up much of China’s oversupply, however, with modest installation goals in its 12th Five-Year Plan of 3GW per year up to 2015, compared with China’s estimated 18-19GW module production in 2011.
Brazil may conjure up images of sunshine, but it has yet to conjure up much in the way of solar power – it only has one PV farm, a 1MW plant in the northeast of the country. That may be about to change, with new tax breaks and a net-metering law – which allows homeowners and businesses to export electricity they produce from solar panels to the grid – to be issued within the next two weeks, according to Ivan Marques de Toledo Camargo, a director of the country’s electricity regulator. “We’re clarifying the rules,” he said. “The market will determine how much solar energy will be developed.”
There were further bright spots for solar in the Middle East. Egypt approved a $US750 million solar thermal project at Aswan – at 100MW, the Kom Ombo plant will be the country’s largest using that technology. And hot on the heels of news the week before that SunEdison would lead the development of a new 30MW PV plant in Israel, Arava Power announced it had received a licence to build a 40MW plant near Eilat. That will take an investment of $US150 million and should be completed in 2014. Arava has led the fairly stunted growth of PV in Israel with the 5MW Ketura Sun project next door.
Despite these developments in the emerging economies, it was the mature European market that had the last word, with a couple of tantalising announcements last week. Dong Energy said it planned to invest around $US1.8 billion a year, at least for the next 2-3 years, to build 3GW of offshore wind by 2020; while Burcote Wind said it plans to build 10 wind parks with a combined capacity of 800MW in Scotland, requiring investment of £1.08 billion ($A1.6 billion).
The Old World’s policy-fed appetite for renewables was also in evidence in the Netherlands, where the launch of its new competitive subsidy scheme’s lowest level of support was greeted by applications considerably exceeding its €1.7 billion annual budget.
To me, that description gives more of a reason for the new company to be Global Sun Partners, rather than SNRY.
GSP already has the contract with Suntech through Arava.
GSP (through the Arava Institute) already has an excellent educational system for renewable energy.
I like the connection with Suntech, but it has to be a profitable merger/acquisition for the new company coming in.
Especially now that is seems like they are going to the QX.
All The Best
Combining 2 replies in 1 post:
BOOGIE21, what advantage does SNRY bring to Suntech if they merge?
They don't have customers.
They don't have a business.
All they have right now are shares.
I can't get past that question...
To me, SNRY only has value as an option to sell shares - funding for a private company which chooses to go public. Especially since they now have 743M more shares to sell.
PENNYSTOCKPRO1, I noticed that phrase in the last 10-Q, but didn't really research it. I would think that it MUST be involved in the negotiations for the new company. It didn't show up until the announcement of the 'mystery internet marketing company.'
10-Q filed June 2011 - NO Mention of Another Company
Operating Leases
On December 15, 2011, we entered into a renegotiated lease agreement for the corporate offices. Our corporate headquarters is located at 818 A1A, Suite 202, and Ponte Vedra Beach, FL 32082. The annual least cost for the 2,800 square feet of office space is $33,600. We have entered into a19 month lease.
In March, 2010 the Company signed a 3-year lease agreement, with option to purchase, with the Williamsburg County Development Corporation for the use of a building in Kingstree, SC. Approximately 6,000 sq. ft. of the building will be used for technical and dealer training of solar applicants. The remaining 230,000 sq. ft. of building space will be used as a distribution and light manufacturing facility. The annual lease rate for the building is $5.00 per year. If the Company creates 200 or more permanent jobs as a result of its activities in South Carolina, it will be able to purchase the building for $1.00 at the end of the 3-year lease term.
Rent expense was $10,234 and $33,024 for the three month period ending April 30, 2011 and 2010, respectively.
ITEM 2. DESCRIPTION OF PROPERTY
In March, 2010 the Company signed a 3-year lease agreement, with option to purchase, with the Williamsburg County Development Corporation for the use of a building in Kingstree, SC. Currently the address of the Company is at 119 Milliken Drive, Kingstree, SC 29556. Approximately 6,000 sq. ft. of the building will be used for technical and dealer training of solar applicants. The remaining 230,000 sq. ft. of building space will be used as a distribution and light manufacturing facility. The annual lease rate for the building is $5.00 per year. If the Company creates 200 or more permanent jobs as a result of its activities in South Carolina, it will be able to purchase the building for $1.00 at the end of the 3-year lease term.
During November, 2011 the Company has also pursued plans to acquire the assets of an Internet marketing firm. The company has signed a definitive agreement and the close of the acquisition is scheduled for November 30, 2011.
Note 10 – Commitments and Contingencies
Operating Leases
The following is a schedule by years of future minimum rental payments required under operating leases that have initial or remaining non-cancelable lease terms in excess of one year.
Fiscal period ending October 31, 2011
In March, 2010 the Company signed a 3-year lease agreement, with option to purchase, with the Williamsburg County Development Corporation for the use of a building in Kingstree, SC. Approximately 6,000 sq. ft. of the building will be used for technical and dealer training of solar applicants. The remaining 230,000 sq. ft. of building space will be used as a distribution and light manufacturing facility. The annual lease rate for the building is $5.00 per year. If the Company creates 200 or more permanent jobs as a result of its activities in South Carolina, it will be able to purchase the building for $1.00 at the end of the 3-year lease term. The company is continuing its efforts to create the required number of jobs by the end of the lease term. The company is in negotiations with another company to fulfill its obligations.
During November, 2011 the Company has also pursued plans to acquire the assets of an Internet marketing firm. The company has signed a definitive agreement and the close of the acquisition is scheduled for December 31, 2011.
I caught that, too.
Since a few of us have emailed Fann already about the QX question, I cannot assume the QX is simply a typo.
A 7M float has the capability of simply exploding when R/M news is announced.
All The Best
You're right SNIZZLE, no surprises in the 10-Q. I read it over 3x and didn't really pick much up - except the "need" for going back to Asher for some funding.
(BOOGIE21, thanks for the email, you beat me to it)
What encouraged me was the share structure:
State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date: as of March 15, 2011 the Company had 7,021,860 shares of its common stock, par value per share $0.001, issued and outstanding.
Not a bad tournament overall for the Big 10.
No, I have kept all my KBLB stock and the refs don't get a single share. LOL
Looking for good news about commercialization in a few days.
All The Best
What Kim has to say will be the reason why the pps will move and will determine the direction of that move.
Sorry, traders can't manipulate a stock like what you think. I would LOVE to have the power that you claim traders do.
I'm looking forward to hearing of progress. No commercialization news and we will be in trouble. This CC is a big deal.
All The Best
It may make sense to the new company, who wants to start at a low pps. Every trader knows that the pps will spike and then level after 3-5 days, I am sure the new company will want the "new level" to be higher than when the announcement was made to show how strong the new company is.
If the R/M is announced at, say, .35 and it settles back to .45 after all the wild trading days, it looks like the new company is no better than SNRY was.
However, if the R/M is announced at .12, for example, and in a couple weeks when the dust settles and the pps stabilizes at .42, the new company can claim they are much stronger than SNRY.
It's obvious the pps is being manipulated, just looking for sensible reasons as to why. Only $40 brought the pps down over 80% - but anything which happens "pre-R/M" won't really matter in the long run.
All The Best
GREGG THE GREEK, hello, do not have any PM capabilities until Happy Hour on Friday.
Thanks for stopping by The Wave board.
Hope all is well with you. Glad to see the board beginning to wake up a little again!
All The Best
Hey, BOOGIE21, hope all is well with you. I don't have PM capabilities, thought I did as a mod - but, No.
I have been super-busy with work and haven't had a lot of time to check out further leads.
IMO, the businesses which are most likely to merge into this company would:
1. Have a need to become public (need financing to get their product to market or to expand their product).
2. Have contacts with Mark Lev and/or Wellfleet Partners (of course we don't know all of his contacts, we can only go from what has been printed).
3. Have a strong business potential (because of Mark Lev and his shares - he associates with success and not with scams).
4. Be someone who is patient - this has taken a long time to formulate and finally come to fruition. April will make it a year since they announced they were interested in finding "funding options" for the company.
I can still be so wrong it is ridiculous, but Global Sun Partners seems to fit all of these "requirements" - although I don't have any real idea who the new owners may be.
1. They need funding as they expand (currently have funds for the Bedouin project, but not for the newly permitted project)
2. They have had funding come from Lev Wellfleet. His contacts are very strong in Israel.
3. They are trying to expand into other countries and other areas (Abramowitz was just recently in Haiti with Clinton).
4. They definitely are patient, seeing that their first solar project took over 5 years of government run-around.
However, it does not even need to be a solar company which will merge into SNRY - it can be anybody.
Just a few thoughts as we all sit and wait.
All The Best
Sold TA this morning @ 5.95
All The Best
TA looks like it is really going to pop today.
PR early today gives yearly earnings of almost a buck per share
CC at 10:00 today
Looks like it is up around 10% pre-market
All The Best
GSP/Arava Power going forward
http://www.jpost.com/Sci-Tech/Article.aspx?id=261752
Country’s first large-sized solar fields approved
By SHARON UDASIN 03/14/2012 00:55
The Public Utility Authority approved on Monday afternoon nine licenses for the country’s first large photovoltaic solar fields, the regulatory body announced on Tuesday.
The fields will amount to 385 MW, bringing the total amount of conditional solar licenses granted to 1,200 MW, according to the PUA. Energy and Water Minister Uzi Landau’s signature will enact the new licenses, and the PUA expects the fields to begin producing power in 2014, the authority’s statement said.
In addition to its large field approvals on Monday, the PUA also approved 50 new licenses for medium-sized photovoltaic fields, equivalent to about 116 MW. The PUA called its decision a “milestone in promoting and encouraging the use of renewable energy.”
The most sizeable of the large field licenses granted is 60 MW to Solar Energy at Kibbutz Gevim in the northwest Negev, followed by 55 MW to a group of companies working on a solar project for Gush Katif evacuees in Moshav Ohad and 50.064 to Zmorot Solar Park.
Next in size is a field by Arava Power Company for 40 MW at Kibbutz Ketura in the southern Arava Desert, as well as another 40-MW field by Gilat Energy at Gilat, a moshav between Beersheba and Ofakim. The PUA also granted licenses to four 35- MW fields – at Orim, Nevatim, Beit Hagadi and Zerua.
Executives at Arava Power are confident that they will have the first field up and running by 2014 because their plot has already undergone the environmental and agricultural studies necessary for large field construction.
Located directly across Road 90 from the 4.95-MW rectangular Ketura Sun field, the horseshoe-shaped, 40-MW companion will encompass 600 dunams (60 hectares) of sandy, arid kibbutz-owned land, which once was home to mango groves but is now completely dry.
“We ended up unfortunately without a nice square field – a slightly complicated field to manage and run,” Arava Power CEO Jon Cohen told The Jerusalem Post, during a tour of the area at the end of February.
“But the truth is that it is equally doable because you’re talking about strings of photovoltaic panels and it doesn’t really matter if it’s a nice square or rectangle or a bit of a funny U-shape here,” he said.
The total amount of electricity generated by the field will be equivalent to onethird of Eilat’s consumption needs during peak hours, according to Cohen. Regarding greenhouse gas emission, the field will save up to 60,000 tons of carbon dioxide, 160 tons of sulfurous oxides and 126 tons of nitrous oxides per year from being produced, he said.
Just because the company received their PUA license and has undergone environmental checks, however, doesn’t mean that Arava Power can start building immediately. The next steps include acquiring full planning permission from the National Planning and Building Committee, and then opening up a file with the Israel Electric Corporation – which means submitting down payments and receiving a detailed analysis that the project can be connected to the national grid, Cohen explained.
After these steps, the company then needs to secure a building permit, apply for a tariff permit and then receive a 90-day rush period to bring the project to financial close. Only then can a solar firm receive an officially signed permit license from the Energy and Water Minister, according to Cohen. Roughly eight times the size of its neighboring medium size field, Arava Power’s large field will contain about 150,000 panels and take about a year to construct, Cohen explained.
Meanwhile, because the largest high voltage distribution lines in Israel are only able to carry about 13 MW worth of power, the new field will have to be hooked up directly to the national grid after being converted into electricity through an on-site substation. The closest hookup to the national grid is about 1.78 km. away from the large field’s location.
The two-story substation will take about a year and a half to complete, according to Cohen, who called this part of the project a “major endeavor.”
In total, putting together this field will require about a $150 million investment and 200 workers, Cohen said.
The location of the field will be ideal in terms of sunlight absorption and cooling, however, according to Arava Power Company president Yosef Abramowitz.
“From here to the border it’s two kilometers, and it’s perfect – it’s flat, it’s east to west, the sun is coming up going this way,” he said, pointing where the panels will be. “There’s usually a light breeze that comes from the north to the south, so there’s a natural cooling action on the panels.”
To Abramowitz, although “the scope of [the project] is huge,” the company has already embarked upon a “Ketura Sun Revolution” by proving its concept with its first medium-sized field. Now, the challenge is to bring solar energy to every citizen of Israel and diminish the use of diesel for good, he explained.
While the southern Arava lacks water, kibbutzim in the region receive up to 800 dunams for solar projects, while those throughout the rest of the country – “blessed with more water” – receive only 250 dunams, Cohen said.
“It is a huge advantage that stems from a major disadvantage that has made life a challenge down here for the last 50 years,” he added. “It’s not like we’ve been blessed. We’ve been punished and finally some sort of a compensation has been found for that.”
Arava’s 40 MW Solar to Power a Third of Touristy Eliat’s Peak Power
Arava Power Company’s application was approved last night by Israel’s Public Utility Authority for their 40 MW, $150 million photovoltaic solar farm at Kibbutz Ketura, just north of the tourist destination city of Eilat in Israel’s Arava Valley.
Able to ship out one-third of the electricity consumption during Eilat’s peak daylight hours, the solar farm will start to reduce reduce the environmental footprint of the diesel-dependent city.
Beset by infighting between solar companies, as we have covered previously (SBY Solar Blocks Arava Power Solar Field Launch Today and Arava Power Founders Ask: Time for a Six-Day Solar War? ) Arava projects have had to fight.
But Arava’s solar farm is the furthest along in what is frequently described as a “lengthy” regulatory process among a group of nine similar solar projects.
Once through the regulatory minefield – which it hopes to get through by the end of 2012 – Arava expects to be able to build their solar farm within one and a half years, and at a cost of $150 million.
The project will be something of a landmark in Israel, which is falling further and further behind its Arab neighbors in renewable deployment, despite having birthed the solar that powers most of the largest solar projects in the entire world (invented by the Israeli visionaries behind Luz – now BrightSource: Luz Rises Again as BrightSource in California).
A strangely limiting timidity besets a daunting bureaucratic process that has been blamed by energy experts in the region for this strange delay in renewable development in Israel.
Arava, for example, has already endured two and a half years of environmental reviews, which uncovered the hardly novel findings that their solar farm will reduce carbon emissions (ya think?) by some 60,000 metric tons of CO2 emissions per year, and (duh) will prevent the emission of millions more tons of greenhouse gases each year over the course of its operation.
Eliat is a major Israeli tourist city – where energy consumption is higher in relation to its population compared to other urban areas – and the supply of electricity generated by Arava Power’s 600 dunams (148 acres) solar farm will reduce the city’s reliance on expensive diesel generators for peak generation, by 30 percent.
“Over the next three summers and beyond, the State of Israel is facing a severe energy crisis that is expected to cause continuous power outages,” said Yosef Abramowitz, Co-Founder and President of Arava Power. “Increasing the price of energy and producing electricity from diesel and heavy fuels is a terrible solution for the Israeli public, especially since the government has a chance to develop clean, green energy. I hope this golden opportunity is not missed.”
Capitalizing on its ideal, sun-drenched location,Arava’s solar farm’s total hours of operation are expected to reach 2,200 hours annually.
So party on, tourists!
Here are the reasons why Wellfleet has contributed to Arava/GSP in past:
1. To get a good return from their investment. Arava/GSP will make money - Siemen's thought they were good enough to partner with.
2. The potential of future projects. Israel has publicly declared they are planning to go to 20% renewable energy by 2020. That's a big market.
3. Yosef Abramowitz. The guy is able to use his clout and get things done. Quite a remarkable man.
4. A love for Israel. Lev's son, Joshua, got much of his education in Israel and Lev is committed to rebuilding and investing in Israel - this bond for their homeland is extremely strong for many Jews.
Add those together and it's a win, win, win, win for Lev and Wellfleet Partners.
All The Best
MANSHOON,
Any ideas on why the O/S actually DECREASED during one quarter in 2011?
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8102059
There were 580,290,676 shares of the registrant’s common stock, no par value, outstanding as of August 12, 2011.
There were 573,023,595 shares of the registrant’s common stock, no par value, outstanding as of November 11, 2011.
This stock will do nothing until we hear of a reverse merger. THEN it will explode. I bought shares months ago and just keep a notice in my account for volume/pps increase.
All The Best
Good morning All!
A few thoughts have sifted through my mind during the weekend. I will try to find the answers to my questions, but any input would be appreciated. I only have 15 posts a day, so I will not post too much.
1. No shares today on Scottrade - I will call my broker and TA today again. I plan to do so every day until I get a definitive answer of when the shares will be deposited.
2. The Form 144 Restricted shares that the directors received ARE NOT subject to the reverse split (I THINK) so they have many more valuable shares. Because they are restricted, they are not necessarily converted into actual common shares yet, so they did not get split.
3. The millions of shares that Asher received DID go through the reverse split, so I would think they are the most likely candidate as to who are putting up the giant block at a low price. Organizations like that don't care about the company they rob or the shareholders they affect.
4. I sent an email to David Fann asking about the QX symbol, but have not received a reply, yet. IF it is true about the QX, that may have been some of the slowdown in waiting for FINRA...?
5. Until the R/M is actually announced, I would not imagine that there will be much bid support or trading volume at all - so I am not all that shocked about unusually low or unusually high spikes on small trades.
All The Best
Don't know if it has been mentioned lately that the March 30 CC date also corresponds with the deadline for the 10-K as well.
I wonder if the date is intentional because the 10-K will show a greater operating loss than KBLB ever has...
Perhaps the commercialization news is simply orchestrated to offset a lousy set of financials.
Either way, real commercialization news will make this pps soar.
As for dilution:
April 2011 - 558M shares outstanding
May 2011 - 558M shares outstanding
August 2011 - 580M shares outstanding
November 2011 - 573M shares outstanding
I think this is a chart more for impatient sellers than company dilution.
Big EOY selloff when PR's told everyone nothing was happening
Nice spike in JAN with PNAS production
Sell-off in FEB after lack of CC announcement
Now, build-up to the CC at EOM.
At EOM, which is also EOQ, blast off?
All The Best
10-Q's are due 45 days after end of quarter.
10-K-s are due 90 days after end of quarter.
So, with leap day, the 10-K is due March 30.
Still here, no need to comment when there is not much to say.
All The Best
The only positive for this reverse split is the anticipation that a reverse merger (or acquisition) will accompany it.
So, until the "tell-all" 8-K arrives, it doesn't matter whether we bounce back and forth from a penny to a couple dollars.
At least the bouncing back and forth shows the float is extremely small - especially with so many "frozen" shares.
Monday will be interesting, indeed, to see how many people will sell off or keep holding - when they have a choice after the R/S.
All The Best
Obviously there are 2 possibilities:
OPTION 1: The new company will be so strong that they already wish to be listed on the QX - this may have been the whole problem with FINRA. They were already listed on the QB, but wished to be listed on the QX following the R/S.
OPTION 2: It was just a typo - they have made mistakes before in their 8-K filings (Dodak instead of Airington).
However, the way they have been making amended filings one right after the other in preparation for this move, I think it is OPTION 1.
Since they will have the "D" for 20 days, I don't know the full ramifications of that. I have traded stocks with the "D" before and at other times I have not been allowed to trade until the "D" came off. The R/M I have been in where the "D" kept from trading came out with all kinds of fantastic news during those "frozen days" of trading. They may be intimating that there will be a ticker change (thus a name change & company change, too).
Well, it's finally starting to get exciting here. I cannot PM anymore, but I can respond to emails.
All The Best
SPXA the background on this company is extremely interesting, for sure.
Good to see you back, ALIANGEL!
All The Best
Just got off the phone with the TA (it's only 8:00 there and they just opened) - did not get to speak with Debra, but I was told the reverse split is effective today and that there should not be any hold-up on brokers receiving the shares.
Called back to Scottrade and they still say they do not have a date for when the shares are scheduled to be deposited into their account.
So, I would be very happy if we didn't get any news until the shares are actually tradeable again.
All The Best