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Don't drink on your own: get Hawk to help you!!
Yes....registration/conversion is exactly what we were posting about 12months ago. Someone on this board asked me my preference between conversion and orders....back much earlier this year. No contest for me ...conversion every time. This at least affords some personal control over my holding. Lets hope we are not still waiting after another 12 months. I would much rather we were arranging that party we also discussed!
HNYTYT
So is that the end of 'entertainment' from TC? Maybe Hawk will now get some peace.....It was funny enough most of the time.
Yes...I had read your reply in your earlier post on the Y board. I agree ....and Hawk confirms the difficulty in gaining any government support... but by 'proven' I guess you mean purchased and up and running, rather than where GRC are at at the moment. This is the point I was touching on....if the technology is shown to 'work' by appropriate demonstration outside the laboratory ie 'transport and demo....surely there must be monies in some government dept to support the further necessary development for the feedstocks with more complicated technology/R&D requirements. Having said this, competition with other semi 'proven' technologies is obviously a big hurdle to get over. I think patience is going to be needed for these other reclaimation areas but in reverting to the question to Hawk about progress, the ty/ire situation seems to have come to a standstill.....so maybe it is just the financing!
That may well be relevant in this climate but would'nt you expect 'wheels to move' for such a potential 'green machine' as GRC's and shouldn't there be solid government support if it is shown to work and cost effectively? This would be 'reasonable' for just the ty/ire processing but very justified for other feedstocks especially with oil likely to rise again before too long.JMO
Agree with that:it prevents investor frustration and also weakening of support for such as yourself.Many would say all posts are just opinion and should be treated as such, but I'm sure you would agree your input is well accepted and consequently followed.
Meanwhile, is the 'apparent' lack of progress still down to tube problems or have prospective purchasers been 'satisfied' and are admin/procedural/financial the issues remaining?
In your opinion of course...
Thanks for reply.
Hawk/MITK...
'We are conducting negotiations with prospective purchasers of machines,
but do not have any committed orders for our equipment. We are also in
negotiations with at least one distributor for an exclusive license for our
technology covering a designated geographic area, but the terms and conditions
are not completed. In almost all cases a final purchase order agreement or a
license agreement is unlikely to be consummated until we can demonstrate that
the prototype is capable of processing large amounts of material in an efficient
and timely manner. We are not presently devoting any time or funds to the
construction of plants to exploit our technology. Any such effort will require
capital in excess of funds available to us, and will require us to "partner"
with a company with much larger resources.'
This is from the latest filing.Does it fit in with your pre-xmas optimism?
Compliments of the season.
Thanks.
Meanwhile, I was pleased to finally receive today an email response from the SEC re a registration question of neutral/general nature which I made a few weeks ago using the SEC comment system. I was asking if there was any reason why the SEC response dates to companies couldn't be shown in Edgar 'as they happenned' rather than having to wait until 'Effectiveness' was declared. This, at least, would show timescales of both 'sides'.......
The response was.....they will telephone to discuss....
Another registration amendment filed:
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001128949&owner=include&count=40
Any progress re this issue?
Is very possible....I was really prompting you/Hawk for ? any hiccup in this Tuesday/Thursday expectation.
The forecast/opinion of good news' delayed now until 'next week' or or at least before Xmas is hopefully on the ball, but what is currently puzzling is the stable/increase trend all last week except Friday. Although all small stuff it doesn't seem to fit in with expected news, even for a bit of profit...
Nice hit of 15000 gets share price moving in the right direction again!
See post 3275 from KP and also the following from Registration statement filed with the SEC in August
'On December 31, 2006, we acquired the assets of Mobilestream Oil, Inc.
("Mobilestream")pursuant to a plan and agreement of reorganization dated
November 28, 2006 (the "Mobilestream Acquisition Agreement") between the Company
and Mobilestream. At the time of the Mobilestream acquisition, Mobilestream was
controlled by Frank G. Pringle, our Chairman, and at the time of the
acquisition, our President and CEO. No Mobilestream stockholder was a party to
the Mobilestream Acquisition Agreement. We issued to Mobilestream 11,145,225
shares of our Common Stock. We also issued 35,236,188 shares of our 2006 Series
of Convertible Preferred Stock to Mr. Pringle. Lastly, we issued to Mobilestream
common stock purchase warrants (the "Mobilestream Warrants") to purchase shares
of our common stock on the basis of 1 Mobilestream Warrant for each 3 shares of
either Mobilestream common stock or preferred stock exercisable at $4.75 per
share for a period ending on December 31, 2007. Subsequently, our Board of
Directors extended the exercise date of the Mobilestream Warrants to December
31, 2008. We also assumed Mobilestream's liabilities which were minimal.'
The December 31 date has now been extended to 120 days after the registration is declared 'effective' by the SEC
Thanks...thats much closer to how I had understood it to be.
'The moment you give notice to your broker to exercise @ the $4.75 price, you have purchased GBRC shares at that price independent of what 'retail' is at that time'
Thanks...so that means reaching the exercise price is a one time event for the purpose of any future exercising (within the time period)whether the retail price has gone up or down afterwards? Obviously, one would be unlikely to exercise if the retail dropped below the exercise price but it could apply if the retail was expected to rerise.
I had thought that you needed to provide money 'up front' when converting warrants to common stock (ie warrant being an option to buy stock at a set company price) before selling that stock. Are you saying that you can do the action simultaneously?
Sorry if a bit pedantic but I wanted to be clear about options available.(not 'options' one can purchase!)
KP...I've not dealt in warrants previously apart from purchasing in another company (18month life)....I assume purchase of common stock can only be at the exercise price or above? What if ones' transaction is in a queue and the share price drops below the exercise price before the transaction can be executed.Would you then have to wait until the price rereached the exercise price?
Agreed....that was my conclusion earlier in the day when it appeared in EDGAR so I didn't bother posting. Reference to 'tidying up' was if the SEC alerted GBRC to it rarher than the other way round and maybe...just maybe we might be nearly there!
With TC 'hogtied' peace has settled like snowflakes on both boards.Maybe conversion will be the best 'entertainment'from now on in!
Maybe the company is relying on message boards for proof reading...
Daily late minisurge under way....up to 1.62
Hawk/MITK
' 9.17 Dissolution. Buyer and Seller hereby agree that from and after the
Closing Date, Seller will not engage in any new business, will promptly
liquidate and dissolve as a corporation, and will distribute the Buyer's Common
Stock, 2006 Series of Convertible Preferred Stock and its Common Stock Purchase
Warrants to a liquidating trust for the benefit of Sellers' shareholders,
pending compliance by Buyer with Securities and Exchange Commission rules and
regulations pertaining to a distribution of such shares.'
This is taken from 2008 June's amendment of the registration filing. It would seem to state that after the acquisition in Dec 2006 no further MS business should occur. This does not appear to have been the case. How does this equate with the recent new movement of MSRM?? This, of course relates to the existance of a 'cut-off' or not......only announceable after 'effectiveness/conversion'
It could point to a last bit of tidying up before 'effectiveness' is declared. Now wouldn't that be nice.
http://www.sec.gov/divisions/corpfin/cffilingreview.htm
see under 'closing a filing review'and also a previous post no.3253.
I use Pareto antispyware which claims to be the best:so far I am very happy with it.As I indicated I think I have sorted the 'speed' issue.KP rightly pointed to admin..but I thought initially I would try the moderator as a first convenient step.
'You'll need to close out your web browser'...sorted!. After finishing a post and closing browser as you indicated I haven't been able to see my last post in the list.However, if I type the new post number using the box followed by 'GO' the post then appears in the list.Probably my ignorance...
'Try to understand his condition' sorry I was already aware and not antiDM but fully appreciated his efforts.Criticism thrown his way by some was harsh at times although understandable.I just felt he deserved thanks from the board.I wish him well.
Any thoughts on the transparency issue? Good news by the end of the week?
Thanks for the replies:at least you didn't get the offered 'bashing' in the Ozarks!
When I mentioned '30 min to show' I was referring to when the main Ihub screen comes up on entering the website and which shows the main post list...not the immediate look at what has just been posted....which I am familiar with.
Thanks....I understand all you say......I just meant/was referring to 'those in the know' not lumping on.
On MSRM IMO a hike in the share price will result in an amazingly quick 'effectiveness' statement.I think more transparency should be made by the SEC in their EDGAR files with regard to back and forth comments/answers so that the public/investors can see the position for themselves.The SEC have already made 'improvements in transparency in this area...but yet more can be done. I can't see any problem with a release at each communication stage.My interest in this included responding to invited comment by the SEC but unfortunately with no response to date.
Part of the problem is that it is not possible to 'monitor' the correspondence between SEC and company due to the fact that the 'trail' is not released until the registration becomes 'effective'. I have previously asked the SEC why earlier indication of just where the 'ball' is at any given time cannot be available... NO response/answer to date.
Hawk ..my last post took 30mins to show.I asked DM if this could not be improved since it stifles dialogue. I got no answer..could you look into this please.
Welcome to your new position, Hawk. Did you get a badge?
May I suggest you offer public thanks to DM. He may not have been everyones favourite moderator and certainly tested the English Language, but still deserved a vote of thanks for his time and effort.IMO
Meanwhile, the latest 'good news in two weeks' from a certain two gentlemen is rapidly running out of days, and with the website alterations re orders the word 'doubt' comes creeping back in. What puzzles me is that if the orders are 'done and dusted' but await public announcement, why has the market not already responded? I can't believe 'info' would'nt 'get out'.
I recently took up the CEO's offer to write(email) in if having any queries. I'm still awaiting an answer after several weeks!
Merry Xmas!
'We
expect the remainder of 2008, to be a pivotal year of achievement for the
Company'
Are you saying we will finally see an order(s)before Xmas crackers are pulled in line with the words from the CEO,above,from the shareholder letter?
http://www.globalresourcecorp.com/
And a bit more
http://globalresourcecorp.ir.stockpr.com/
looks like a new bit
DM Can you find out whether the 15min+ time delay between checking and the post appearing can be removed? The delay is a pain at times and slows dialogue. As long as a post can be checked before submission then it should be viewable immediately after posting IMO. I cannot see any downside to such an alternative.
I understand this is Pyrolysis rather than Microwave.
http://www.sec.gov/Archives/edgar/data/1128949/000101968708005175/0001019687-08-005175.txt
Expected warrants extension filed today.
8K 'Warrants Extension' filed.
Interesting......so ....for the immediate future, although longs would obviously prefer to see early sales/contracts, do you see any liklihood of a takeover as an alternative strategy?