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I can't keep up with the board as the posts come too fast and furious, with too much hyperbole and emotion. So here's a few questions which require simple, mostly yes or no answer answers:
1. Is P2O currently generating revenue?
2. If yes, who are the buyers, what is the sale price per barrel and how many barrels have been sold?
3. What is the current cost of production per barrel?
4. Is the 20 ton machine the one that is scheduled to be the company workhorse, ie, the one sold commercially?
5. If no to #4, what machine will replace it and has that machine been built and tested?
6. How many barrels of product are currently in storage from P2) operations?
7. What is the current daily, weekly or quarterly cash burn of the company/
Sorry if these issues have been covered before, but weeding through the 1000's of posts for answers is beyond my ken.
TIA
yawn. All that matters is when you bought and when you sold.
Wouldn't it be nice to be bantering about fins and revenues and JVs instead of what happened and what could have been?????
FED ramping up
EPC Drilling Intersects Potash Horizons on Its 481km^2 Danakil Project, Ethiopia
TORONTO, ONTARIO, Aug 22, 2011 (MARKETWIRE via COMTEX) -- Ethiopian Potash Corp. (the "Company " or "EPC") CA:FED +1.37% CA:FED.WS +8.70% is pleased to announce that it has completed five (5) holes and drilling of Hole 6 is ongoing with total drilling through 1,000 metres to date, of the planned 15,000 metre diamond drill program on its 481km2 Danakil Project, Ethiopia.
All of the holes intersected the regional Danakil Potash Formation and all holes intersected potash mineralization.
The holes were drilled along the western edge of the Danakil and targeted the on strike continuation of the Musley potash deposit. The drill core has been logged and selected intersections have been reviewed by Ercosplan who confirmed the intersection as being part of the Regional Danakil Potash bearing sequence and that potash mineralization was observed in the drill core. The drill core has been sampled and the samples are being processed for analysis. Drilling is continuing is the southwest corner of the Property in an area of historic drilling.
Mr. Wahl President and CEO of EPC stated "I am extremely pleased with the drilling results and looks forward to receiving the assay results which will be released on receipt. Ethiopian Potash looks forward to having a steady stream of news to disseminate in the Autumn."
About Ethiopian Potash Corp.
Ethiopian Potash Corp. CA:FED +1.37% CA:FED.WS +8.70% is a Canadian company based in Toronto, Ontario, and Addis Ababa, Ethiopia. Ethiopian Potash controls 481 sq km of shallow mineralization potash development concessions in the fairway of the Danakil Depression, Ethiopia. The Company has an existing 128 mil tonne resource at 21% potash and is intent on aggressively fast-tracking its properties to production.
Forward-Looking Information
This press release may contain forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. All statements that address future activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. Forward-looking information is based upon assumptions by management that are subject to known and unknown risks and uncertainties beyond the Company's control. There can be no assurance that outcomes anticipated in the forward-looking information will occur and actual results may differ materially for a variety of reasons. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligations to update publicly or otherwise revise any forward-looking information, except as may be required by law. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to the Company's filings with the Canadian securities regulators available on www.sedar.com .
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
LOL, singing a different tune than the early bruce jones ceo days when Don was villified for the financial mess bruce inherited.
Though in the end, it all came to naught, not a person on this board ever achieved what he did.
Revisionism at its best: what, exactly did DR achieve? He lost a ton of scratch on some dubious investments:
1. The landfill gas CO2 seperater which never worked.
2. suturing application which in its FDA approved state is only nominally better than what's currently out there. The rest of the dream- organ suturing, etc, was just that- a dream.
Seems to me almost everyone here achieved exactly the same as DR, mailnly losing $$ on a dubious investment (CTGI).
I have respect for DR- he indeed did put his money where his beliefs were. He was dogged in his pursuit of those beliefs, and while there's something to be said for his gritty determination, there's not much to trumpet about in the "achievement' category.
A serious look at ESFS plays like an OTC broken record:
I am very proud of our customer list, as it reads like a 'Who's Who' of Food Industry leaders with Whole Foods along with such stellar food processors as Azuma, Halperns', Kanaloa, and Nealey Foods. Eco-Safe also addresses the special requirements of such companies as Sea World, Orlando and Natural Balance, a premium supplier of pet and zoo animal food."
With statements like that, it's hard to believe how much money the compnay isn't making.......but then again, no $$ amounts are ever released pubically.
Sound familiar????
KIK An awesome differential between you and the pack. Did you happen to trade/sell your own holdings just before the massive plunge as well?
After a year here, you no doubt have learned that Dave has no concept of the term "near future"
Just wondering if there was any price connected to those one million shares that the CEO has the option to purchase...
TIA
Play the hype. you may yet sneak out with some cash. DYER was a 20 bagger for me.
Any future volume here will include my shares (on the sell side).
More importantly, who cares....... Bruce, if you read this board still, could you please show a touch of respect for Don Robbins and make official what we all suspect.
As Cheech and Chong once said: uhhhhhh, Dave's not here........
Almost 10 million shares traded....this ain't no secret...
Geez, I hate to break it to you but this is a wayyyy sub $2 stock right now.....last I checked it was 1.31....and facing what seems like a massive wall of shares in the 1.30 area.
I have shares, mostly because I'm as greedy as the next guy, but this stock has been in the hands of traders since the first time it breached a buck.
Their technology is very promising, but their approval is for a very limited application. They'll need much more testing for burns and acne, with results weighed up over a much longer time frame.
For the trader, it's a question of $$ for the tests, but it's also the opportunity cost of holding this one for 2-3 years.
GLTY
link please
Did your good friend speculate as to why the company is withholding back on their duties to report and get current?
#1- They raised lunch money with this offering. If they sold $75 million worth of shares at .90, then I might be worried.
#2- If accredited investors were willing to risk 1.8 million $ on shares at .90, I'd say that's a pretty nice vote of confidence. You don't buy shares at .90 if you think FDA approval is unlikely....simply because you know that if the FDA approval doesn't happen, your .90 shares will be trading at .27 before you can type in your sell order.
#3- This deal was cut weeks ago.....and no doubt leaks around the deal have contributed to the sell-down to current levels. The PPS has held its ground above .90 over the past couple of weeks, even in a horrific market.
The only real question left for me is how much approval is already baked into the PPS.....and as a long, I hope the answer is "not at all."
GLTY
you don't pay .90 a share unless you are damn confident this'll get the FDA blessing....because if this doesn't get the FDA nod, .90 is gonna be a long, lost dream.
FCSC Looks like the company sold a few before the FDA date after all: at .90 a share, it's a pretty nice vote of confidence for approval- if laViv isn't approved, which I don't believe at all, FCSC won't be priced anywhere near .90
FCSC.OB > SEC Filings for FCSC.OB > Form 8-K on 17-Jun-2011 All Recent SEC Filings
Show all filings for FIBROCELL SCIENCE, INC. | Request a Trial to NEW EDGAR Online Pro
Form 8-K for FIBROCELL SCIENCE, INC.
17-Jun-2011
Unregistered Sale of Equity Securities, Other Events
Item 3.02 Unregistered Sales of Equity Securities
On June 16, 2011, Fibrocell Science, Inc. (the "Company") entered into definitive agreements to complete a private placement, pursuant to which it agreed to sell an aggregate of 1,908,889 shares of Company common stock to 8 accredited investors for an aggregate purchase price of $1,718,000 in transactions exempt from registration under the Securities Act of 1933, in reliance on Section 4(2) thereof and Rule 506 of Regulation D thereunder. Each purchaser represented that it was an "accredited investor" as defined in Regulation D. The placement agent for the transaction will receive cash compensation of $137,440 and warrants to purchase 152,711 shares of Company common stock at an exercise price of $0.90 per share. Item 5.07 Submission of Matters to a Vote of Security Holders On June 15, 2011, the Company held its 2011 Annual Meeting of Stockholders at the Company's offices in Exton, Pennsylvania. At the meeting, the Company's stockholders elected Dr. Robert Langer and Dr. George J. Korkos as directors of the Company to serve until the 2014 annual meeting of stockholders or until their respective successors have been duly elected and qualified. The Company's stockholders approved the adoption of the Company's 2009 Equity Incentive Plan. Finally, the Company's stockholders ratified the appointment of BDO USA, LLP as the Company's auditors for the year ending December 31, 2011. The results of the vote were as follows:
1. To elect two directors to hold office until the Company's 2014 annual meeting of stockholders or until his successor is duly elected and qualified.
Shares voted FOR / WITHHELD / BROKER NON-VOTE
Dr. Robert Langer: 3,667,776 /119,982/ 10,295,876
Shares voted FOR / WITHHELD / BROKER NON-VOTE
Dr. George J. Korkos: 3,675,776 /111,982 /10,295,876
2. To approve the adoption of the Company's 2009 Equity Incentive Plan, as amended January 14, 2011.
Shares voted FOR / AGAINST / ABSTAIN /
BROKER NON-VOTE:
2,721,975 /333,823/731,957/ 10,295,876
3. To ratify the appointment of BDO USA, LLP as the Company's auditors for the year ending December 31, 2011.
Shares voted FOR / AGAINST / ABSTAIN /
BROKER NON-VOTE:
13,961,284/110,666 /11,6840/ 0
Item 8.01 Other Events
Upon the completion of the offering described in Item 3.02 above, the Company has indicated that it does not intend to complete any additional sales of securities prior to June 22, 2011, which is the target date that the Food and Drug Administration has to complete its evaluation of the Company's complete response letter regarding its Biologics License Application for azficel-T.
With the massacre of the China sector in recent months on par with the Merchant Energy sector after Enron....
You've brought up some nice memories. There is a huge difference in your comparison though, and that is the small time investor's ability to do DD on the companies involved. Example: after the Enron debacle, it was a matter of reading the filings to discover that RRI had $5.6 billion coming due in loans (that was when 5.6 billion was a lot of money). The loans were unsecured. It was public record. Obviously the banks were going to negotiate and the debt was going to be refinanced. Many of us made very good $$ on the play. It was the beautiful panic that creates opportunity, but it was also a reasonably safe bet given the available information.
You may well be right about the China sector, but how does a small timer DD these Chinese companies? Take their word? Take the word of an accounting firm that has no skin in the game?
We all know what talks and what walks. Dividends, dividends, dividends
All it takes is dividends. The justifiable suspicion around this sector won't tolerate anything else, including low PEs, amazing revenue and income growth and supposed share buybacks.
You know this. I know this. The investment community knows this. So why aren't these companies paying dividends that reflect their amazing value?
Lucky for you that Barnhill has so many shares for sale!
The only hope for this sector is dividends. Volume for most of these companies has made them a bit unattractive, except for the most active traders.
I love the stats! Thanks for all the hard work and have a great weekend!
the Lease with Option to Purchase Agreement in regards to the SUNDANCE claims located in Nevada has expired.
Expired=dead I'm sure Ed would have liked some more time to try and get the deal off the ground, but that's why leases with option to purchase have built-in deadlines; you either get a deal done or you're out.
What Ed has now is a shell, diluted by 5 million shares. In essence, Ed is paying some entity 5 million shares to do what he couldn't do: cut a deal.
The irony is that if Ed had issued these shares while still holding the Sundance claim, a deal might actually have happened which would have at the very least resulted in a modest run in the PPS.
No. A one trick pony with an expired trick leaves a no trick pony.
Sub penny by the end of the summer.
Looks like someone knew a week ago that there would be news.....just not this news, lol.
The only upside I can see is that it gives you a chance to really bash Ed again!! LOL
There's nothing here to promote..... "promoting" without audited fins is = to "pumping".
I prefer to wait for the audit to be complete before paying for PR/IR
LOL, exactly my thoughts. Tommy boy rants and rages for a few weeks and announces to the world that he has sold....and the PPS doubles. He hops back in and starts pumping and downnnnnnnnnn we go.
Don't worry about missing an opportunity- there will be plenty more shares for sale IMO
Allana keeps getting it right:
http://www.allanapotash.com/s/News.asp?ReportID=455285
This consolidation between the 1.64 and $2 is gonna be a thing of the past very soon IMO.
.77
I'll sell you distribution rights for $1....Aussie dollar that is!
Thanks SSKILLZ1 for another great contest. And thanks for the messages of congratulations! This is a fantastic crew of investors who have taught me much about boosting the bottom line of my portfolio.
I'm looking forward to PSL 18!
Yup. it all sounds so good if you have no prior knowledge of the company to date. m
Could be time to dump on the pump....if it happens....
jtomm, while I take your point on some level, the Emmitt comparison is ludicrous. Dr Donovan actually stared these businesses and brought them to a point of maturity where outside parties paid good money to acquire/control them. This is well documented and easy to trace.
Your preference for a different type of language is just that: your preference. I personally find Dr Donovan's communication style to be very underplayed and modest, a rare quality in the world of pink sheet stock investing.
I for one would be very happy to see SPIN hit a price of $3 or better at some point in the next 1-3 years, regardless of what happens after that price is reached.
GLTY
Thanks for the corrections. Seems to me that the good DR has anice approach here- build the biz and let the PPS follow.
I'll add on any dips into the low .60's
Just listened to the replay and FWIW:
1. This company is soooooo far under the radar of any critical mass of investors.
2. The basic model is: SPIN waits until an injury case has been developing for 4-5 months. They then decide to lay out the cash for a spinal procedure (around $5,500 per shot with some cases requiring more than one shot).
3. The idea is that if the blood sucking lawyers are still with the case after 4-5 months, some serious cash is gonna' be paid out at some point in the future.
4. By fronting the money for the procedure, SPIN validates the injury that the person has; this validation currently isn't possible without SPIN because doctors cannot "order up" (and be reimbursed for) the tests that SPIN provides. ( This is a biggie)
5. SPIN pays doctors a guaranteed fee for their services which is less than the actual amount they plan to eventually collect. The doctor gets paid less than the total amount, and if all goes according to plan, SPIN makes some extra cheese on the collection end.
6. The collection process can take years. Statistics around collection, ie, % of cases that don't pay off, wasn't clearly addressed during the CC, but SPIN sounded fairly optimistic. Based on the screening of cases that happens as part of #1 above, SPIN eliminates a lot of potentially dead end cases by not accepting them.
7. The good Dr and CEO has a lot of money invested here and has no interest in printing shares at these prices. He speaks of reaching a tipping point: a certain number of clinics will make the SPIN model self-perpetuating and self-funding
8. Expansion will be slow and measured, with clinics and cities added in the single digits in the short term. Don't expect a 10 bagger overnight.
Conclusion: The SPIN team and the SPIN model present as a work in progress, with some indicators of success to date. They are old-school med biz dudes who see a hole in the system and have devised a way to make some money filling the hole. If your investment money has a couple of years to wait, (and the CEO (72) is still actively involved with the business), the potential for reward far outweighs the potential risk at the current PPS.
Wonder what Quirk's thinking now....
Agree. I own the common of FED and the warrants as well as a hefty position in Allana.
IMO, AAA is blazing the trail in Ethiopia, making it much easier for FED to gain traction and credibility as they prove up a massive deposit of potash- 2 billion tons according to the project prospective on the company's website.
FED will soon trade in US markets as well:
http://finance.yahoo.com/news/Ethiopian-Potash-Applies-for-ccn-39943360.html?x=0&.v=1
Looking at the current BOD, management team and the FED website, it seems these guys are hoping for a buy-out by or before the pre-feasibility study completion date.
A buyout before the warrants expire in Sept 2012 would suit me just fine!
Not at all interested in the share count thang.
Just wondering.....you had mentioned on the board that you bought more after the dip to .11....then you mentioned recently that you might reconsider your position given the company's PR's or lack thereof.... and you posted that BMOD hasn't answered your email about optimization time frames....so I thought I'd check and see if you were still holding. That's all.
FWIW, I traded out at a loss...again....lol......the opportunity costs over a longer time frame are too high for me. Fool me twice...
GLTY
So are you still holding all your shares?