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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?
Thanks Jaz. Didi you like what you heard about getting the filings up to date and made public? (If you discussed it)???
Bought in today under .70
I like the CEO's purchases, I like the expansion of the practice and the BOD, and I like the biz model, even if it's a bit confusing, LOL
My only concern is with collecting the money owed- my understanding is that the company recognizes rev and earnings for bills awaiting collection. This is a business model that brings back some memories of the dot.com boom in the late 90's......mostly very unpleasant memories.
I'll be asking the CEO for clarification during the CC. He seems like a seasoned pro- deliberate, if not slow moving, with a fair bit of skin in the game.
Any details about the revenue involved in this project? Is WEE getting paid for these installations at all or is this an opportunity to showcase the technology?
I honestly can't say.....but I would bet it's more than "free".
And how the company is going to pay the bills. Quintiles doesn't optimize for free.....
It's a plausible plan you outline but it doesn't address the company's biggest need going forward: cash
Clearly BMOD was hoping for a much better response from the market when they released Phase II highlights. And clearly BMOD had a PR blitz planned to prop up the PPS so that they could sell some shares at a multiple of today's PPS- we've seen more news from this company in the past week than in the past 9 months combined.
Trials cost money. Results from Phase II might not be strong enough to bring in much, if any, state $$, partnership funding or grant $$.
I'm very fearful for the share structure that has been relatively decent up to this point. If they gotta sell shares to fund Phase III, .07 is a tough place to be.
Yup. You gotta' call and pay the $27 commish. Then they'll tell you to wait while they root around for a legit quote. Then they'll tell you they need to access another system.
It's best to find a current quote on the TSX and just give Scottrade your limit order- be warned as well: I tried buying these warrants when they showed as trading at .39 each. I had to chase all the way up to .48 to get filled.
Also, keep in mind the currency exchange rate when you place your order.
GLTY
FED.WT
I managed to buy the FED.WT warrants in my scottrade account (.48) but it sure wasn't easy- as I was the first buyer, they had to "set up" the symbol and they still struggle to get an accurate real time quote.
I paid less for my AAA shares, but I wanted the leverage here- AAA has blazed the trail in Ethiopia already. FED's chunk of land is huge, their finances are sound and the share structure is excellent by comparison.
Looking through their website, there's ample mention of takeovers in the jr potash sector and I think that's the plan here- to get the resource established quickly and sell the company to a big boy.
The warrants expire on 9 Sept 2012. It's possible IMO that the pre-feasibility won't be completed by then, but I'm confident they'll produce a NI-43 101 by that time that will show a massive amount of potash on their parcel.
Also, as has been mentioned and confirmed in an email I received from IR, they plan to list on the US exchange within a few months.
FED has already been a great runner since cartonet first mentioned it, but at current prices, there's still a long way to go before it equals valuations enjoyed by its peers.
Al Wildcard Tigers
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Best record: Phillies
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most hr's adam dunn
most rbi s Adrain gonzalez
Lots of volume, lots of traders working their 3-10% moves as the pot heats up a bit. Today's correction wasn't the worst thing that could have happened from a TA POV
While I expect nothing short of outstanding results to be released within the next 12-36 hours, I'm not as comfortable predicting an initial market reaction to the news. Your point about the .07 folks selling out for 300% is well taken.
I'd be happy to see a new base above .30 a share, but would gladly welcome a move north of the previous highs!
yup, as much as not selling at 2.27 sucks, selling at .12 sure is a bit more than cold comfort.
I'm proposing the prospect of a viable shell after the stockholders are wiped out, which is clearly going to happen IMO. Just wondering if chapter 11 cleans away the debt and wipes the slate clean so that the emergent shell would be available with the current O/S, whatever that might be.
Just musing, really. Nothing left to do here but muse, really.
I've called 'em a few things lately but repeating them here would probably would get me banned from IHUB!
Any chance of BK followed by an attractive looking shell play?
I suspect successful publication of phase 2 results will go a long way to opening up state coffers for further studies. In the past, BMOD has spoken confidently of getting money from states.
Phase 2 as hoped for puts everything back on track. Interesting that we're trading in an almost identical channel to the last time phase 2 results were pending. This time, I'm betting Maire gets it right.
A rose by any other name......It will be a new prototype, is this what you mean.
Here's what I mean: in the airline biz, they set a development date deadline. This is because the possibilities for improvement or further tweaking are limitless. When the design is set, they begin production. It's a relatively standard operating procedure.
The plan is for JBII to put into working sites a large number of their P2O machines.
1. Do they now have a 100% ready-to-go version of the machine that they plan to use, with O2 sensors, feed racks, and all other bells and whistles complete, tested and ready for mass duplication?
2. If no is the answer to Q #1, is their a deadline date for the design phase of this machine?
No need to split hairs about meanings or get defensive. Just a couple of simple questions is all....
I'll stand up for you here- the point is valid IMO. I'm sure a lot of buyers would be lining up to buy a fuel-type product which is produced through green methods. It's a win-win for the producer and the buyer.
Bandying about numbers like 144,000 gallons a week draws attention away from the lack of detail: how much has the company produced to date? how much can the company currently produce per day? What are the run stats for the machine over an extended period.
The PR talks about changes and on-going tweaks to the machine. Read: it's still a work in progress. Again, no mention of a final prototype being completed, no mention of a deadline for such.
IMO, it's similar to announcing a LOI to form a JV for a large # of P2O sites in Florida: sounds great, creates the impression that the actual deal is much closer to happening than the reality.
Clearly the lack of market reaction to the latest PR strongly supports the idea that LOI's, JBII and the boy that called wolf all have something in common.
Couldn't agree more. A lot at stake with the CCME outcome
Forget about CCME, it's gonna' be a long, lonely, lonely time for the whole sector.
If the poster child for success, with stellar fins and a big 4 auditor to boot, goes tit ups, what chance do the rest of the small caps have?
There's so much more at stake here than just the fate of a single company. Until such time as accountability and reporting can cross borders as easily as capital and shares, the china public company investing dream lays in tatters.
It's clear that what's needed is a major overhaul of how these companies report and how their reports are audited. That or some of these companies start paying out big divvies with all that money they claim to have- Jacky and pals have killed the days of price appreciation based on a CFO's claims of excellent growth and earnings. Cash on the other hand, speaks loudly and clearly in a language all can understand.
That said, I got a boat load of HSYT shares that were a steal in the low .30's, LOL
Looks like one big seller willing to dump down to .285
Last week showed what 150k shares traded with no bid pressure could do for the PPS. If ever there was a company that exemplified the old adage "buy low sell high," this is it!
Looking for a decent earnings report at the end of March, and if CCME comes through with Deloitte's blessing, some of these micro caps might get legs.
Sigh, sad but all too true: The board is still waiting for the hard proof of your assertion.
Speaks clearly about the complete lack of excitement around CTGI's future prospects. This company is about as exciting as a test for chlamydia.......
Lowman, can you find another sub-nickel fantasy stock for us to chase?
Prostate test is all that matters here- the rest is smokescreen.
As for who's selling at these prices, it seems like an easy bit of detective work: a PR comes out announcing that a guy (Tom) is leaving his very important role in the company. The next day or 2 (or more) there's a massive sell off on huge volume.
Maybe Tom isn't as pleased about losing his job as a lot of posters on this board have surmised.
The problem with churning through high level employees who've been paid through stock/options/warrants is the selling that occurs when they're abruptly shown the door.
Thanks. I live in Australia and can't work the phones very often.
Did Ed say how much cash he needs to secure the mine?
What's to discuss? The OTC and pinks are littered with would be gold miners.... waiting to close a deal....
Why don't you start the discussion by elaborating on your phone call the other day? Maybe you could fill us in with some of the details that prompted such an excited and enthusiastic post?
You're wearing some serious rose colored glasses IMO. Churning through execs isn't exactly the same as churning out shares, though HDVY is very adept at both.
Too many secrets, too many changes at the top, too many big ideas, not enough $$ coming in to justify any confidence that the company can come through.
Days of 10k volume with little change followed by this "great news" and close to a million takes us down to within spitting distance of a dime. I can see now why the company insisted on a muzzle for Quirk when they cut the last deal with him.
Why is this "great news"?
I think we could both agree that hotdogs are made from pigs' nuts. The problem with your analogy is that what JBII has in its inventory, to the best of shareholder knowledge, has yet to be validated by a simple purchase. He who writes the check can call it "near diesel" or "heating fuel" or "secret hotdog sauce". Til then, the lack of agreement about what's in the JBII storage tanks and .80 a share go hand in hand.
My position here is very modest and I haven't been tuning in much to the board. Instead, I've been waiting for the company to issue some PRs that I had hoped to see much earlier than March 2011.
Included in the list is:
1. Full permitting completed
2. First hotdogs sold
3. Status of additional P2O machine(s) updated
Given the lack of any information from the company, it's not easy to draw confident, rosy conclusions, especially given the over-promising of the past.
The only reason I can think of for not PR'ing fuel sales is not having sold any fuel.
The only reason I can think of for not PR'ing full permits is because you haven't received them
The only reason I can think of not PR'ing the construction and completion of a 2nd machine is because the 1rst one isn't up to snuff...oxygen sensors bring back any memories?
Cheap shares is what this company has been all about lately.
Thanks Jax, did Dave happen to mention if there any more surprises like the warrants out there?
With all due respect Jax, a likely management response to your point about us holding up the PPS might be, "keep up the good work".
This from The70th's last call with Dave: ... he also said some things have come up that will 'take some time'.
'What has come up?' I pressed. He said he couldn't really tell me, but then clarified that they needed the financials from the Shell... He said that their own financial information was very easy to get and to audit - they have all of that. But the shell's financials he said have been (or are going to be?) very difficult to track down, which I found a bit curious, to say the least.
"Curious" is a very generous word in this context. Lots of pinkies make claims about up-listing and getting the fins audited, etc. And most of these pinkies do nothing of the sort while they dilute the sheepshit out of the stock and bleed the faithful to death.
Red flag alert: Shells have a history. They can be DD'ed before any merger takes place. Come on Dave. You have legal counsel. Your lawyers had to review the shell before you approved the RM. Do you expect us to believe they advised you to merge into a shell with a paper trail so cold it would take 6 months just to come to the realization that it's gonna be hard to track the shell's fins down?
At best, this shows dubious judgment. At worst....well, who here hasn't been a pink bagholder at some time in his investing life?
By the way, I couldnt find any agreements that allow for a reprice of the existing warrants. In fact, I think about 5M warrants expire in the next couple of months.
Here's how I've seen warrants repriced quite a few times, especially with start ups:
1. I wake up
2. I see a news link to a company I own
3. I click the link and the story says that the BOD and/or majority shareholders have elected to reprice out of the money warrants at a significant discount to the company's current PPS
4. I wonder how the little guy ever has a chance against this uneven a playing field
GLTY
CCME
I think this time Muddy Waters has overstepped-
1. If you look at some of their translations from the Chinese, they're flat-out inaccurate.
2. Shorty still has to pay the divvy when it comes due
3. The company has a big 4 auditor (Deloitte)
Or he knows something about the future of CTGI that makes .03 look like a fantastic exit point and 26,000 was all he could unload at that price.
That shouldn't be such a hard task- the form 4's tell the story here: "Everything" was a helluva lot more cheese for DR than for Bruce or Kutz. The good Dr never needed his current CEO mantel. As for Bruce, I'm still waiting to be impressed. He seems to have escaped even vague scrutiny on this board for any responsibility during his tenure as CFO, even as the company was accruing massive debt.
Given that the company was falling into financial despair on his CFO reign and he did nothing to alert shareholders, one can conclude that:
1. He didn't know the real deal
2. He liked the position enough to not want to know the real deal.
Either way, my confidence in his integrity and leadership abilities isn't very high.
But at this point, it's academic.......
Oh for the good old days of .04 a share.....100% is a nice return! With all due respect, the difference between the company then and now is about as deep as the difference between DR's and Bruce's wallets with regard to insider purchases.
While it's been common practice to curse the ghost of DR on this board, bag holders only have to look in the mirror for a solution to the blame game.
Thanks to DR, everyone here who claims to have been around for a while had the chance to make an absolute killing. How many stocks run from .04 to 2.37 in such a short time on no earnings?
The 20k for patent renewal is tip change. The current debt load is a bigger, more rotten fish. IMO, Seasoned investor groups surely realize that the best way, if any, to capitalize on CTGI is to pick up the pieces after BK.