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Most credit cards are 20%? You can get a zero interest rate loan on a depreciating asset called a car. They are paying 20% because they have no assets or proven business model. As for the share increase I did miss read/didnt see that, and the latest creation of 180 million shares must fall under that. Have the details about the first lease been made public yet?
"Company just increased S.S. by 200M Shares, from 100M authorized to 300M Authorzed, No Thanks, Going down imo"
That's old news (at least a year old). Not going to have an effect on this rally. The recent news of an investor putting up funds for installation of generators, and expectations of revenue generation is the reason for the push higher.
Old news? really the last 10q doesnt read that way
An investor who is getting 20% in a near zero interest rate environment
What are the expectations for revenue after expenses?
divided by 300,000,000 shares
I found it in the 10Q. They issued 28 million new shares. And since there is zero R&D going on what did they use the money for?
If the engine is ready then how much could it cost to field test it? I don't believe that it does what they say, the field data alone would be its biggest selling tool if it worked. It just doesn't add up. And just think they are adding 50% more debt to their books to lease someone else's technology. And that their engine would be a part of this scheme seems to be a bit of a stretch here as they can't complete it's testing. Would love to know how much money is going to salaries. Haven't seen much hard data on that in a long while.
so for 18 million dollars they produced nothing. Now they have a whole new set of financing at 20% becoming a second party leasing firm that leases someone else's technology in a foreign land. They have no back round in anything they are selling. They have no history of selling anything yet they were chosen to sell a supposed wining green technology in China? Why on gods green earth do they need 10 million dollars to do this? Does any of this make sense?
During April 2013, the Company issued 10,771,429 shares of common stock for conversion of notes payable at a price of $0.004 per share.
During May 2013, the Company issued 13,196,135 shares of common stock for conversion of notes payable at a price of $0.002 per share.
During June 2013, the Company issued 9,100,000 shares of common stock for conversion of notes payable at a price of $0.002 per share.
During June 2013, the Company issued 5,000,000 shares of common stock for cash at a price of $0.005 per share.
28 million shares created out of thin air. Do you really think this company is for real?
Research and Development Costs - During the three months ended June 30, 2013 and 2012, research and development costs totaled $0 and $0, respectively.
If the Company can successfully demonstrate a highway truck engine using the technology, the Company intends to form a joint venture with a major heavy duty highway truck manufacturer to manufacture, market, and sell turbine truck engines for use in heavy duty highway trucks throughout the United States. how many years have they been saying this?
after 18 million plus spent you have go nothing but a promise to issue more debt and more slimy financing deals so the can take part in a lease program of some one else's technology
Stop talking about Level 2 like its some realistic window into anything. My only question is who would by 28 millions shares but them?
"It is far cheaper than selling us more shares at .0001"
correct me if Im wrong but they have to hold a years interest aside, where do you think they are going to get that money?
My guess is that the stock is going to magically lift, sucking in new retail money so that they can sell shares to get that interest payment`
at 20% interest....some angel. So they buy the generator and lease to a third party?
Dont know, the 8k looks crazy to me. 20% interest with the annual payments set aside in advance. Makes me wonder, do they goose the stock to create a spike and sell shares to cover the interest payment? Not sure how more debt and more stock are a positive. Bottom line is that they have to deliver on selling something.
So the deal doesnt take place until the third quarter, and they dont receive payments until the science is proven efficient? Question, is do they have enough money to make it or are they the ones doing some selling to make it til them?
Well, there is not data on the engine so there is no way to know that. My guess is that they have no clue themselves. The stock is sitting at .003 cents and they have serious funding issues staring them in the face. IMHO if there is no real news in the next 3 months they are finished.
last print was 100 shares at .006 moving the stock 40 plus percent. A whopping 60 cents moved the stock 40 percent. Nice move for sure.
"usually when u post and dont like it its almost ready for a big move, im a buyer, thnx" Why are you a buyer?
Thanks for posting that. Scrolling down through that filling, it is absolutely stunning how much stock they have issued.
can you elaborate on what is said? I have a mac and am having trouble with the web page. thanks
1 million shares near the close at .0069 then some tape painting. Anyone have the tick data into the close. My etrade froze up at the end of the day. Not sure if I have my facts straight
i been retired since 1998, the post office was already using natural gas. the trucks were retrofitted to use Lgn. not been disrespectable, when they put out 5th genration , 6th genration , I thought the engine was ready to put on an 18 wheeler. did they ever put it on a truck hauling a load up a mountain . mr. scraggs has a lot patents to his credit which is good . I wonder why the major engine mfgs. never took a look at. if it was feasable. I have lot of questions that over the years have never been answer by the co. or been discuss over the board. pardon me I been a stockholder a long time and like a few board members the light at tunnel seem to never get there.
Is this the post you are referring to Frediboy?
I think CATs looses where higher than that if I remember correctly (like 400 million), Zero hedge had a good article about it a few months back. I remember when I read it thinking the stock was going to get hammered, it did move much at all and couldn't under stand it at the time.
I referenced this very filling on April 3rd. It doesnt read very well in my eyes. They have a funding issue staring them in the face and yes they got 200k plus back on the JV but how long can that keep this alive? The engine has stalled with out further funding, and China is turning up sour grapes because of accounting issues?(I dont believe that) the JVs never made any sense in the first place. I wish you all luck in your trades but be careful as the dollar amounts that move this stock are tiny and could evaporate in the blink of an eye. 10 q should be very interesting if/when they post one.
one dollar and eight cents moved the stock from down 45 % to down 35%. 1.08 moved the stock 10%,
The stock moved from .0085 to .014 or 65% on 35 dollars! It was actually down on the day before that trade. There is no charting left for this stock, as technicals can not be applied on the metrics you put forth. No one in their right mind would risk money on a move like that or on a what is coming out of the company.
Look at the filing that just came out. They have no money and are unable to find any credible suiters to by their debt in the simplest of terms.
latest filing is ugly, " On July 2, 2012, the Company filed an 8K regarding its entry into a Stock Purchase Agreement dated June 27, 2012 with Mark Theriot on behalf of Elysian Shores Holdings, a Turks and Caicos Islands Exempted Company, wherein TTE agreed to sell and Elysian agreed to purchase, 23,076,924 shares of Common Stock at a purchase price of $0.065 per share. The Company terminated the agreement, after discovering Elysian did not have the requisite funds needed for the purchase and because the Company suspected that Elysian intended to acquire the Shares, and then sell them to fund the purchase price, all in violation of the Agreement and applicable securities laws. The Agreement was terminated and Elysian retained none of the company's stock."
If this is the type of investors they are attracting, what does it say about their technology.
"I do know that management walked away from the China merger deals because of the China accounting scandals that have killed that sector now." That statement makes me wonder if their technology is the true failure and they are just using the accounting scandal as cover.
If TTEG was a biotech it would have been taken to the wood shed a long time ago. TTEG has gone years with out proving any of the claims they have made about their technology. Its a shame investors get the shaft.
Masterbidder - 'watching for a bottom'
are you f@#$ing kidding? the stock has traded .005c today not much more bottom left in this. And why do you want to get long this stock? I am so tired of the bottom callers and oh next month big news coming......
I'm feel badly for anyone taking a loss on this POS
Looks like it .008 didn't hold. They need some real news and soon.
Why should we mark this post? Another worthless pump of a .085 cent stock because there's brighter news on the horizon. Please tell us of your thoughts
On the H2 generator. Is this something they developed or is something they were going to help sell. I still really dont know what their role is it. TIA
As I sure you know, WPRT has a technology that is already in the field so to speak and basically retrofits engines to burn NG. TTEG's engine isnt even close to being put in a truck. And I hate to say it but optimistically they are years away and many tens of millions from getting something to market.
I guess, but we are talking about 647.50 moving this stock today. I doubt you could sell a large amount of shares here as there is no real demand. To me Thursday was a strange day with no follow through. If someone chased at all the way to .05 your telling me they dont like all they can eat at .017? And if it applies the stock is up against all time resistance, maybe it breaks out but there has to be some really good news for it to do. Hope it happens for all the faithful
your right and I cant argue that, but why would some one pay.05 for this yesterday? Price action seems strange to me, could it have been an artificial bump to sell some shares? 275k sold at 3:57 pm
Not much follow thru on yesterdays action
Trading action is all over the place. There is no refection of order in the sales. The ask is below the current price and nothing that I have seen go through hits the ask it just passes by it. Hate to be a nay sayer but someone could be trying to spike it to get flash traders like ecomike is saying. 340k is one of the highest vol day in a while. It would make me feel better if the ask reflected what was going on.
Wild. I my level 2 is showing 10k bid .015 ask 10k .014 I know sometime it gets flipped on halts and big vol hits. but Im only showing 124k traded no news either. Someone could have enter a limit bid at the wrong price and artificially pumped the price 240 % , some one also dumped a few @ .o3 . Pretty wild, but you need some serious vol to confirm this or it just a anomaly
But how does this news effect the stock price of tteg? Are they going to form a completely different stock vehicle?
Thanks good reply ecomike!
Alright your link was much better par the 8k....so Scragg's is going to ask investors to fund this? Unreal, how did that engine thingy work out?
BlueGen has one employee and was formed last year. Maybe I'm just slow but I dont really understand what they are working on par the 8K.
"$200,000 cash in the bank, and at .001 it is selling for less than that even if they issue another 100 million shares!"
Not sure I follow. Do you have 200k in the bank or TTEG? I didnt think TTEG had that much money left?
the 10Q from sep 30th states they have 23,648 in cash maybe I'm not reading that right.
.009 Bid Smashed 213.5k shares traded .008 bid now
Today is the 1st time I have seen a sub penny ask