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Matho,
I doubt the next update will show what you have concluded.
Why? Because Investopedia, a standard financial source says: "Float ... refer[s] to the total number of shares available for trading. Float is calculated by subtracting closely-held shares from the total number of outstanding shares."
So authorized shares usually exceed outstanding shares. But the Float can never exceed outstanding shares because the float is included in the outstanding share count. I hope this helps.
Info
Mike, if that's the case, that breakout board isn't worth much IMO.
Here's the price history from Yahoo Finance for the past four days. Very low volume and no change in the adjusted closing price.
Date Open High Low Close Volume Adj Close*
Jul 16, 2014 0.01 0.01 0.01 0.01 10,000 0.01
Jul 15, 2014 0.01 0.01 0.01 0.01 0 0.01
Jul 14, 2014 0.01 0.01 0.01 0.01 0 0.01
Jul 11, 2014 0.01 0.01 0.01 0.01 29,500 0.01
Such breathless breakout board hype diminishes your usually valuable contributions. Please focus on more meaty issues.
Perhaps some clues from the HyperSolar web site, which you should see for more details. Since the main focus of this MB is MVTG, I am simply copying, not trying to explain what I do not understand: how HYSR attempts to use sunlight to make renewable hydrogen very inexpensively.
"H2Generator – Eliminates the Need for an Electrolyzer!
Today's standard system for producing solar generated hydrogen consists of a solar cell array connected to an electrolyzer. An electrolyzer is an electrolysis device that uses electricity to split distilled water into hydrogen and oxygen. Commercially available electrolyzers are very energy intensive and expensive. HyperSolar is developing and intends to market a novel solar hydrogen generator that eliminates the expensive electrolyzer by integrating the electrolysis function directly into a solar cell.
H2Generator Cell
The key to the direct integration of a solar cell and electrolysis is our proprietary, patent-pending polymer coating that performs two very important functions: (1) conductively "glues" catalyst material directly on to a conventional solar cell, and (2) protects the solar cell from corrosion when submerged in an electrolytic solution. The result is a standalone, self-contained solar hydrogen generator – the H2Generator Cell.
H2Generator Panel
H2Generator Cells will be arranged as a matrix in a flat panel reactor filled with an electrolytic solution.
H2Generator System
H2Generator Panels can be connected together to scale to any size system to meet application specific hydrogen requirements. The H2Generator System will contain a process control unit that automates the liquid chemical processes as well as hydrogen removal from the H2Generator Panels into a temporary storage tank."
Mike, did some extra zeros get added to your last post?
Recent sources mention near $1/2 billion or thereabouts for Iron Dome.
From the Jerusalem Post" "Israel has received hundreds of millions of dollars for the Iron Dome system, on top of $3 billion in annual military assistance."
Nowhere near a trillion . . . yet. Pls listen again.
Your broker likely gets HYSR Profile data from the OTC Markets web site. Reliable industry source which would be updated as promptly as any, IMO.
HYSR Security Details
Share Structure
Market Value1 $8,579,438 a/o Jul 11, 2014
Shares Outstanding 399,043,630 a/o May 13, 2014
Float Not Available
Authorized Shares 500,000,000 a/o Apr 14, 2010
http://www.otcmarkets.com/stock/HYSR/profile
The Lincoln Journal-Star article about Niocorp has some figures to compare with today's Canadian Press release "Quebec's first diamond mine opens as premier lauds northern development plan."
EEYOU ISTCHEE BAIE-JAMES, Qc – Quebec’s first diamond mine is officially opening today.
Stornoway Diamond Corp. is developing the site, the province’s first such diamond mining operation.
Quebec Premier Philippe Couillard is in northern Quebec today to attend the ground breaking ceremony, northeast of Lake Mistassini, in Cree territory.
The mine, located near the Otish Mountains, is expected to yield 1.6 million carats a year over an 11-year period.
The formal decision to go ahead comes as Stornoway secured $946 million in funding for its Renard mine earlier this week.
Stornoway (TSX:SWY) says in a news release that commercial production is scheduled to begin in the second quarter of 2017, with a plant expected to be built by late 2016.
The Liberals lauded the project as the official relaunch of Quebec’s ambitious Plan Nord, a plan to develop the province’s north through mining, energy, infrastructure and conservation projects expected to span over a quarter-century.
The ambitious multibillion-dollar northern development plan was initially introduced by Couillard’s predecessor, Jean Charest, in May 2011 [end of article].
Stronoway Diamond Corp. started in 1986, so both projects have a history of several decades.
Major funding just came for the diamond mine; years of preparation awaited the funding approval. So if the numbers meet investment criteria, the money will follow. Recent drilling results boost Niocorp's value.
The first of any major project draws attention and has long coattails. Quebec is fully into it. Some articles on Niocorp's website forecast a big impact in Nebraska.
Stornoway projects three years from round-breaking (today) until commercial production begins. "Niocorp expects Elk Creek mine to be operational by late 2016, providing between 150 and 250 mining jobs." Very ambitions timeline in the Mining.com article May 5 on the Co. website. This MB will certainly follow every move.
Gates,
Arduengo's private page, linked from the Wikipedia bio article, shows in the "Research Interests" section that chromophores for NLO applications are still an interest (last paragraph).
Arduengo's private page under "Patents" lists application 2011/062627 filed Nov. 31, 2011. Several names of LWLG people are there along with Arduengo. Apparently he is handling it because it is not listed on the LWLG Co. web site in the list of Pending Patents.
Perhaps nothing will happen until the patent is granted and the IP is secure. Then, we will see. I'm still hoping PV will eventually contribute to the overall device portfolio.
Info
Vancouver's a great city to visit. Please report what you can prudently share about Mantra. TIA.
Mantra needs to keep advancing its best ideas for storage. Innovations are constantly appearing.
http://dailyfusion.net/2013/07/new-energy-storage-material-outperforms-current-capacitors-13259/#at_pco=smlwn-1.0&at_si=53a1f5f7391fad66&at_ab=per-2&at_pos=0&at_tot=1
Certainly the flammable electrolyte is a major problem for Li-ion batteries. That's a compelling reason to develop better alternatives. I expect Boeing would have no problem paying more for a Li-S battery with 4 times the energy density of Li-ion because it's safer. I'm guessing Tesla will weigh the cost/benefit formulas as well. Who wants a Tesla that flames out? The research momentum is for a Li-ion replacement. But it will take time and lots more testing.
http://www.energyharvestingjournal.com/articles/lithium-sulfur-a-battery-revolution-on-the-cheap-00006604.asp?sessionid=1
Current nano tech is certainly more expensive. A recent breakthrough may be the way forward.
http://phys.org/news/2014-06-nanoparticle-production-method-lenses-solar.html#inlRlv
I'm mostly a lurker, and I don't look at court transcripts. But I appreciate links and snippets posted here from those who do. That's a helpful service for lots of us, I suspect.
ILNS has strong IP and ongoing clinical trials -- can't be denied. Those of us who also look at charts on occasion are sometimes confused by columns of numbers without a label. I wonder how I should understand your strong assurances based on charts. Words like "guaranteed" used in the past make me feel uneasy when we get PPS drops like today. I don't mean this to be critical, but just saying . . .
Keep your charts and confidence -- that's your distinctive contribution to this MB. I also believe the odds are in our favor, but the time frame for the payoff, on whatever scale, keeps receding into the future.
Oops, more safe battery alternatives to Li-ion:
Li-sulfur developed by national research labs, funded by ARPA-E,
Ryden dual-carbon in Japan,
Sodium-air,
Zinc air.
Different combinations of material cost, energy density, and recharge cycles make these diverse approaches among the possible replacements for Li-ion.
Ecomike, I agree with you about the dangers of Li-ion and hydrogen fuel cells.
But Tesla, for example, always mentions Li batteries but so far as I recall is not more specific. Perhaps they are vague for a reason.
Nanotech research is driving a number of replacements for Li-ion batteries. In the mix are:
Li-air
Not having an open pit is a big difference. The Environmental Impact Study will deal with all the details. Will be an interesting and closely reviewed study. Mining in Nebraska currently is mainly aggregates -- sand, gravel, and crushed stone for construction and related projects.
Every state needs tax revenue, and official support is very important. In Minnesota the county board officials, district congressman (DFL Party), and both senators (Al Franken, DFL Party -- no joke) strongly support. The governor will weigh "all the facts" and then decide -- probably for what enhances his chances for re-election. He'd certainly like the jobs and tax revenue.
The difference in MN is that the NE region stands to gain an estimated $4.5 billion per year in economic activity if PLM and other proposed mines go into operation. Countering that is the strong opposition from environmental activists -- largely supported by out-of-state funds since MN is a key state in the mining industry battle. So the polarization is greater and the stakes higher than in Nebraska.
To the point I raised earlier, the polarization of viewpoints means the assumptions and projected outcomes of environmental costs are very hard to quantify. Everyone says they want it to be done -- and be done right. that's the rub; the diverse viewpoints are far from agreeing what it will take to "do it right." The company is paying for the entire EIS process. It has already invested more than $150 million into the venture, with $80 million of that going to environmental review. The total project investment is expected to be $650 million (it's adapting and upgrading the old LTV Steel Mining plant).
There's lots of distrust between the Mining Minnesota industry association side and the anti-mining save-the-environment advocates. It's all on display at the Co. website and the Yahoo Finance entry.
Don't think it can't happen in Nebraska because of strong official support. A Motley Fool article on Polymet: "The junior miner's NorthMet project is one of the world's largest undeveloped deposits of copper, nickel, and other non-ferrous metals. It proposes to construct an open pit mine at a previously unmined region within the Superior National Forest that has been a source of contention since the beginning as environmental groups contend the site may require hundreds of years of water treatment after PolyMet closes the mine to restore its quality.
The draft EIS has been substantially reworked since it was originally submitted (and met strong resistance by the EPA and other government agencies) and a reworked draft was further delayed after PolyMet heard from tribal resource agencies in the region and took into consideration their input.
Miners around the globe are running into similar resistance from environmentalists and indigenous peoples who object to mining's encroachment onto sacred and cultural lands. Even here in the U.S., Rio Tinto (NYSE: RIO) , which is trying to open the largest U.S. copper mine at its Resolution Copper project in Superior, Ariz., is facing stiff opposition from the local Apache tribe." Nebraska's locals seem favorable to Niocorp -- that's a big plus IMO.
Another factor will likely be any required site remediation and possible escrow funds to forestall and repair environmental problems. I looked over news headlines for the past four years on the Co. website. Nothing so far about environmental issues, impacts, costs, etc. Since top execs have experience with Molycorp and are familiar with the EPA, that will receive expert attention.
In recent years the attempts to mine an extensive copper-nickel-precious metals deposit in Minnesota by PolyMet Mining Corp. has met with stiff resistance from The Center for Environmental Advocacy. Final approval for the PLM mine is still awaiting environmental and operating permits. The Environmental Impact Study required more time for a supplement. Costs increased; the main financing package was revised to extend the maturity date of debentures.
Depending on responses to environmental concerns, the time and costs are unknown variables that make the Elk Creek project valuation more difficult.
Gates, I agree with you. The problem is that potential investors doing Google searches may see the figure that I cited: "Probability of Bankruptcy in two years 96.0%". They might take it as accurate analysis and stop looking at LWLG.
Pardon me for being hurried this morning and not stating plainly: that figure is not a reliable assessment as you have pointed out. But an investment company is sponsoring a free trial of a new product for evaluating investments. They want paid subscriptions. And they know how to get eyeballs (Google first page placement).
Likely the investment firm has a disclaimer, so here is mine. IMO (mis)information like this has systemic problems. The screening process did not take enough relevant data into consideration. And the peer group LWLG was put into also shows a lack of research finesse. So the results may be irrelevant or wrong. It will likely deter people who take it seriously from considering LWLG. To the extent people believe this stuff, and there's lots of it on the Web, our appeal to prospective shareholders is hurt. And the company has no defense against it right now. We just don't know how many times negative search results turned people away. With the hostile Yahoo MB and self-inflicted problems many have alluded to, the obstacles facing LWLG are considerable.
So it's important that this MB continue to highlight the best current information, discuss and clarify the issues, give links to developing ideas, and offer correction to errors (intended or unintended). There are plenty of unknowns that will affect the future valuation of LWLG, and we will have to handle them as they come. Unless the science totally blows up, I doubt that bankruptcy is one of them. BOD members have again proved that they can raise money for current operations and new developments. I'm sticking around.
Agree that this website is the interested investor's best information source at present.
I decided to do a search like someone unfamiliar with LWLG. Say you are concerned about risk. The probability of bankruptcy in two years for LWLG is 96.0%.
So using the Co. name or stock symbol with the term "bankruptcy" gives the above results on the first page of a Google search. Now available on free trial, this service is looking for paying customers. And it may be keeping some curious investors from investigating LWLG. Not a thing the Co. can do about it -- the database numbers won't change until we have revenues, etc. LWLG looks especially bad when compared with peers in the Basic Materials sector and Specialty Chemicals industry.
BTW big banks don't look so good on this screen either. Probability of bankruptcy in two years for BAC is 73.4015%; for JPM, C, and WFC is 73.4299999% according to this wonderfully precise use of computing power. As long as such information is available on the web, LWLG faces additional barriers to attracting investors. And having IR that puts out articles with major factual errors and the flawed SeeThruEquity report has not helped. Enuf said for now.
From the current Mantra Venture website section on Intellectual Property:
Mantra Energy owns the intellectual property applied for in WO 2007/041872, titled “Continuous Co-Current Electrochemical Reduction of Carbon Dioxide.” This IP was obtained from Professor Oloman’s company in 2008, after seven years of development at the Clean Energy Research Centre of the University of British Columbia. Patents have since been obtained in India and China and patent examinations are underway in Canada, the United States, Europe, and Australia.
So the current USPTO status for Mantra is patent pending.
Since a USPTO term is 20 years from earliest application date or 17 years from grant date, the Texaco 1985 process would now be in public domain. Curiously, it does not seem to be listed among the many References on the Abstract of application 8,562,911: "Process for making formic acid" assigned to Liquid Light, Inc. BTW, I'm not a lawyer, but a research generalist.
In sum: investigators worldwide have long been engaged in research using many approaches to this vital and lucrative process.
Here's a year-old article on TSX Venture problems.
http://www.equedia.com/why-the-tsx-venture-is-failing/
The 2015 to 2017 time frame seems to match with the SeeThruEquity Initiating Report. But the projected numbers were linked to different years in various graphics (page 8 & page9). I'll wait for results.
Watching today with interest (but no position yet).
Right around .70 is an important area for technical analysts. That's what is behind my following comments. Longs hope buying will continue to move past the previous top of .75 for a major breakout. Shorts have increased the past two days as you noted. They want to drive MVTG down from this area. If they do, the chart will show a double top.
Technical indicators have become very bullish in recent days. So we will see which market forces prevail at this juncture.
Of course this relates to day-to-day market valuation. It does not affect the research and commercial initiatives the company is pursuing.
Browsing.
I'm not a member of IHUB. I read many boards, gather lots of info, and post a bit.
Mostly I range widely trying to get a grip on why so many innovative micro-cap companies are doing so poorly in these financial conditions. What I think are compelling value stories are generally not doing well.
NIOBF holders are emerging from a long, dark tunnel; others are not. I may become an owner, but can't tell when.
Oops, that's Elk Creek, of course.
Your DD indicates substantial increase in the large and still hard-to-quantify value of the Elk Creed deposit.
OTOH the presence of more REEs (broadly speaking) will likely expand the involvement of the EPA and intensify the interest of various environmental groups. http://nepis.epa.gov/Adobe/PDF/P100EUBC.pdf
It may help that the Pea Ridge magnetite mine (for steel production) near Sullivan, MO, is in process of being refurbished. http://www.pearidgeresources.com/News/Pages/Detail.aspx?nid=1
The Missouri mine includes REEs, and a Crystal City, MO plant plans to process REEs. http://www.alberici.com/projects/Pages/Project-Detail.aspx?pid=64
State nuclear power researchers and lawmakers are supporting it. http://www.newstribune.com/news/2013/may/20/alternative-energy-fuels-hopes-pea-ridge-mine/
In a global perspective, Pea Ridge and Elk Creek should help the US to reduce independence on China for sources of REEs. China still has a lock on processing REEs. http://america.aljazeera.com/articles/2014/1/30/us-counts-on-pearidgerareearthsmine.html
That's certainly your point, and one I agree with. Inherent in options awards are their value as a substitute for cash. Any firm with cash constraints is wise to use options as incentives -- they eventually bring in cash and reward the BOD, key employees, and staff.
Gums points out that the next incentive offering will be higher. The tricky part of using this "finite resource," as he calls it, is balancing incentives to a few with the resulting dilution that affects all shareholders. It's a matter of valuation.
Rainmaker, you're the one who seemed unhappy about .20 options. Maybe I misread it, but I was responding to your closing comment: "Be happy they didn't issue those options when the stock was trading for 20 cents." I just pointed out that they did issue options for people throughout the Co. That's fine with me -- why not you?
I enjoyed working for a good salary, earned generous bonuses, and appreciated options grants. I did notice that principals/insiders usually got options granted at prices that turned out to be market lows. Bet a lot of you have seem the same.
You're thrilled with the progress here -- that's great! I also have good gains recently from another domestic micro-cap resource company. Various industries in the country need both, and both seem to have the leadership to realize their potential. I hope we'll continue to enjoy the progress.
Rainmaker, maybe you forgot:
NioCorp Grants Options
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 10, 2014) - NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX-VENTURE:NB)(OTCQX:NIOBF)(FRANKFURT:BR3) wishes to announce the granting of incentive stock options to its directors, officers, consultants and employees, under its Stock Option Plan, for the purchase of up to 2,285,000 common shares of the Company for a period of 3 years at a price of $0.17 per share.
Happy now? I'll bet the grantees are doubly so.
Good post from an auditor's viewpoint. It reinforces my hasty overview of the 10K that some of the 6 SVFC employees must be very busy with legal issues. The various agreements in the past that anticipated income now require added effort to make them effective or close them. While the CFO post very important, a compliance specialist (if not already present) may be needed as well.
Like some others who reviewed today's filing, I see the ST picture as daunting. SVFC needs capital, collaborations, and compliance. The immediate costs are high, and many issues need the attention of the CEO. I wish he had only this company to deal with. On the positive side, future gains may be enormous but will take some time to generate revenues. Despite the dilution and other financing challenges IMO the intermediate prospect looks more promising.
As long as the legal buzzsaw is going full tilt it threatens to cut off or delay potential partnerships. Effectively handling these immediate pressures may be difficult until the Co. is granted its patents and has both capital and personnel to enforce its IP rights.
I agree with your points. Was in a small Co. involved in a legal battle with a subsidiary of a major firm. Legal struggles take enormous energy from a small, growing firm.
It's far better to put efforts into executing the strategic plan with the growing group of collaborators who already have agreements with Intellicell. Tending to these collegial relationships with explosive growth potential is likely to have a better payoff than remaining in legal quagmire -- made more difficult by non-US company location for sure.
Larry, I agree with both your examples in the business world. I could add my own from leading edge U-V water purification, financial services companies, and real estate projects. Some great technology and start-up ventures have been stymied by greedy or incompetent leadership. Currently financing for innovators with outstanding prospects is a problem.
Your conclusion is on target. IMO the BOD and CEO must show they have taken steps to engage in profitable agreements and right the financial ship. Until then I will stand pat with my current modest holdings. The new CFO should help. I'm waiting for the 10K to fill in some of the information gaps.
A MVTG-ERC pilot plant unit with mobility, commercial development flexibility, and licensing revenue seems like a winner. Great concept.
Any projections as to when it may become a piece of rolling stock?
You asked another poster about CIH*. That's what I referred to, not SVFC directly. There's more market info available for all stocks as we learn to use the tools of the trade. Just one example. Info
You can spot it by going to Momo's Breakout Board. It is being heavily pumped today following a big news release on May 2.
On OTCmarkets.com you can get Co. quotes, news, and share structure. I found that float is 33 mil. and over 18 mil. traded today. Think about it -- that's huge volume. It's a startup with about $10 mil. market cap and 2 employees.
Learning how to access and use market info will help you avoid getting caught up in hype and spot emerging value. How other regenerative medicine stocks compare with SVFC is a judgment call with lots of variables, many unknowns, and key disputed factors.
Best, Info
From the video. I thought that Professor Oloman's opening remarks about his grad student's bench experiments 7-10 years ago was describing the equipment he was demonstrating. That was my mistake. Now I understand that he was saying the current (2012) demo system was based on that previous work. Of course there was a lot of progress in recent years.
Thank you for the details in the next two paragraphs. Only recently have I become aware of MVTG. Like any potentially disruptive technology, it takes a lot to grasp the big idea, the distinctive vocabulary, and some important details in the history of its development. The web site has so much to review that I can't cover it all (I don't access Twitter). So I rely a lot on this MB to keep up with what's going on now as well as future plans. Sorry that I may have confused others with a garbled remark.
Please explain to me how "the MVTG-ERC at LaFarge will be a mobil company asset." TIA.
Hard to tell if anything Pfizer does will help ILNS.
One poster commented on the CNN article:
"You can always tell when Pfizer is seriously worried about it's pipeline...Time for a major buyout.
They'll make all kinds of promises about jobs and locations and the importance of R&D and before the ink is dry on the legal documents all of that is out the window.
Then they'll lay everyone off and sell as much of their product as possible before trying again.
It's the same song and dance we saw with Warner Lambert, Wyeth & Pharmacia. Not a single improvement in R&D occurred from those buyouts except to the wallets of the people in the Executive offices."
Too much same old . . . same old . . . .
The MRFC/ERC rechargeable fuel cell is a demonstration of concept bench experiment by a grad student 7 years ago in the Professor's lab. An IHUB moderator's statement said more news on this game-changing innovation is expected. Any updates available?
Thanks for that post. Looks like at least 3 years for Phase III data to be available. We're waiting for lots of developments re Alzheimer's and dementia issues.
Do you think the bulls may be taking a rest in this "Sell in May and go away" seasonal period? Market seemed to be very strong in 1Q 2014.
Good to know there are many LT holders. OTC Markets data indicates about 14 to 15 million total shares traded (much higher than usual) in the last 3 months out of 60 million shares outstanding. Compare MVTG with tech leader AAPL which showed about 625 million total shared traded in the same period out of about 875 million shares outstanding.
The company continues to show a growing IP portfolio and more adequate funding.
This year Mantra really needs to deliver on the ERC pilot plant and one or two prototype MRFC designs to validate its innovative technology claims and move toward commercial applications. Meeting these stated goals will decrease market risk and attract more investors.