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I've been sitting on shares since early march. I'm going to stay to see how the story unfolds.
Whats worse: Losing a couple thousand to some scam, or selling at a loss and then watch the entrepreneurial spirit take flight. Lesson learned either way.
zeed
g, this is what I found:
post #4110 has a Financial Report link-
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=104385
Do a search for Earl and you will find that Miazzi Ventures, Inc had 20.5% ownership of Dragon Polymers Inc (DRAG).
zeed
g, Much appreciated.
zeed
Either good or bad there is a lot more volume activity lately.
zeed
Here's the link
http://www.otcmarkets.com/financialReportViewer?symbol=GCEI&id=112858
Good question, and it beats me. Not sure why it wasn't posted.
zeed
Jim, refer to post# 5096. Q3 was out Nov 11th.
Brian Levine is out next week and quarterly report should be made available by EOW. Maybe something nice in the Q3 report to kick things off?
zeed
g, How about the Off Take 'GO' under 'Plastics to Fuel' and 'Tires to Fuel' columns. This could be Gray Oil.
I hate speculating like this but at least it keeps us busy.
Zeed
jd, bottom left on the home page under the section called "Strategy Brief"(its under the twitter logo).
Its a nice overview of what they are all about, but still patiently waiting for some sort of official news/update.
Zeed
Good Question Ustmel.
If "This website provides information on grants and contributions awarded by NRC-IRAP for contribution awards Over $25,000" then may be the $9,480 is part of something much bigger to qualify it to be on the list??? Only time will tell if there is Phases to the grants like Randy has said.
By the way there are many things that can be said about Randy, but the fact is, he is the IR for GCEI for now. If they didn't like that he had to say then they would give him the boot. But so far the DD this board has done shows GCEI to be a legit company. So the next time someone posts "Randy said..." followed by "Don't shoot the messenger" then just take that info with a grain of salt rather then calling someone a liar.
IMO
zeed
From the Aug 22nd PR and the News article, GCEI is to provide the financing. So it was the partnership with GCEI that helped Nova ReNew land the grant money. IMO
Aug 22 Pr
"Global Clean Energy, Inc. will partner with Nova ReNew Inc. and provide financing for the proven technology, the plant, and operations. Nova ReNew Inc. will provide complete oversight, operations and maintenance of the operation. "
News article
http://thechronicleherald.ca/business/1149398-trucks-could-run-on-plastic
"Global Clean Energy will provide financing through their mezzanine, equity and bond funds, as well as select technology that will yield a high return, Levine said."
So my take is the 750k may not be GCEI's grant but it is 750k the do not have to finance.
If they can do this in a small province with and help a company get Canadian Gov't grants, just think when this is echoed in the USA. Big Money IMO.
Zeed
Nice update. Up-listing may still take some time as they are looking for a Auditing firm to submit official audits. I'm currently sitting on a ticker who is almost done this process and the official audits have been submitted months ago and still waiting.
Big things for CBYI this week, I'm glad I got in with the small position that I did.
pberger I contacted my broker and this is what they gave me. CUSIP for CBYI as it is 12802P307. Hope this helps ;)
Zeed
Looks like they are getting their debt under control, well better then what it was. I have a very small position @ .13, its nice to see that puppy grow a little. I hope for good things down the road, as I took a loss in one acct before taking that small position in another acct.
Zeed
Looks like they are getting their debt under control, well better then what it was. I have a very small position @ .13, its nice to see that puppy grow a little. I hope for good things down the road, as I took a loss in one acct before taking that small position in another acct.
Zeed
Mezzanine financing doesn't worry me, shows a lot of confidence on both parties. The big wigs who created Nova Renew must have deep pockets to supply the capital and GCEI is confident they can pay them back with steep interest rates(or however the deal is for repayment)
As for Eco Resources, I wouldn't mind knowing a little more too.
Zeed
I'll admit, I'm fairly new at this and no L2 does not help my situation. But yeah, I meant I was buying at the ask. There is still room for me to take a little hit and still break that 100k mark.
Zeed
No ;(
No beer money here, trying to break that 100k shares before news. Takes forever for money to clear for me. I've been following GCEI since Jan and invested since March.
I have 18800 @ .035 on the ask still sitting there, any advice to get it filled faster?
Zeed
Some light reading:
IMO it looks like the partnership with Nova ReNew helped turn the attention to clean energy in other provinces. Potentially good news for GCEI, especially once they get their operations up and running in Nova Scotia.
http://www.cbc.ca/news/canada/new-brunswick/story/2013/08/29/nb-biofuel-future-report-652.html
New Brunswick is just north of Nova Scotia(I am aprox 2 hour drive from Halifax). Personally I dont know how much to trust any statement from Irving, but having them as a potential buyer for the diesel would be nice.
All IMO
Zeed
1jk1, yeah I was just responding to normanthecow post# 3786 and gave him the post #s for some answers. No worries 1jk1, I haven't missed a post since joining the board since the end of May, lol;) Great group we have here!
Zeed
Regards to Full Circle Renewables (FCR):
Read post 3337. Basically the same group who created FCR were taking off guard by the quick PR announcement. Before the website was just a place holder but it is noticeably under construction now. But the main thing is they are legit as far as we could find.
Regards to Nova Renew:
Read post 3619 to see they were registered company back in March(the profile displayed in post is form the business registry for the Province of Nova Scotia). This company was created by a handful of bigwigs with a lot of experience in the Recycling Industry and have political connections. They created the company for the oversight on maintenance and operations.
I’m sure some of the other members on the board can give more details but I found these postings explain the most to help out with your questions.
Zeed
Nice Find!
"Global Clean Energy will provide financing through their mezzanine, equity and bond funds, as well as select technology that will yield a high return, Levine said."
I had to look up what mezzanine financing and found the following from Investopedia:
" Definition of 'Mezzanine Financing'
A hybrid of debt and equity financing that is typically used to finance the expansion of existing companies. Mezzanine financing is basically debt capital that gives the lender the rights to convert to an ownership or equity interest in the company if the loan is not paid back in time and in full. It is generally subordinated to debt provided by senior lenders such as banks and venture capital companies.
Since mezzanine financing is usually provided to the borrower very quickly with little due diligence on the part of the lender and little or no collateral on the part of the borrower, this type of financing is aggressively priced with the lender seeking a return in the 20-30% range.
Investopedia explains 'Mezzanine Financing'
Mezzanine financing is advantageous because it is treated like equity on a company's balance sheet and may make it easier to obtain standard bank financing. To attract mezzanine financing, a company usually must demonstrate a track record in the industry with an established reputation and product, a history of profitability and a viable expansion plan for the business (e.g. expansions, acquisitions, IPO).
"
So correct me if I'm wrong but isn't that 15 million of equity on GCEI balance sheets? Not a bad start for laying the ground work in a city with a metropolitan pop of 400k. The Fortune 500/1000 announcements will be very nice IMO.
I couldn’t help my self but had to find more info on Nova Renew Inc. They are a registered business with the Province of Nova Scotia.
https://rjsc.gov.ns.ca/rjsc/search/viewProfile.do
Zeed
Small Idea on Revenue:
Mon, Jun 3, 2013 PR states:
"GCEI plans on commencing plastic sorting operations shortly at a $5,000,000 annual revenue run rate and will begin commissioning waste to fuel pyrolysis systems shortly thereafter which will have a $30,000,000 annual run rate."
Pyrolysis is the system Nova ReNew is going with. We should be able to get a revenue amount by finding how much fuel does 6,000 tons of End of Life plastics make, then the aprox price for that fuel.
Did a Google search on Dietmar A.M. Tholen after I couldn't find a website for Nova Renew Inc, interesting read as it appears to be a proposal/presentation to the City of Halifax with some nice estimates on how much plastic waste is out there.
http://www.halifax.ca/boardscom/SCenv/documents/DietmarTholenP2OPresentation-HRM.pdf
No real time to dig any deeper but I'm sure you DD junkies will find some nice info.
Zeed
Haha no worries, much appreciated.
Zeed
What’s the deal on the Quarterly report? Is it a must that they submit it today or is there still some leeway for them to submit? Not sure how it all works but if they are trying to up-list, then it wouldn't look so good if the report is filed late.
P.S. Thanks for all the DD guys, its much appreciated, only wish I could avg down more.
I was thinking the same: Quarterly report, posted on their web site...But given the ever growing focus on the environment it would do them more good to release a few PR pieces. The partner could then make statements about being environmentally responsible, which could attract more eyes one their own stock. We will see though
Zeed
June 13, 2013 PR
“The results will allow GCEI to start ordering state of the art sorting equipment.”
June 3, 2013 PR
"GCEI plans on commencing plastic sorting operations shortly at a $5,000,000 annual revenue run rate..."
June 3, 2013 PR - pkk561 post #2776
"I just talked to a IR guy at GCEI cause I didn't really understand the PR too much. In a nutshell what was explained to me was they acquired a German technology that will be implemented in the next 6-8 weeks. Revenues have been proven from that machine of 5 million"
Just throwing it out there but unless GCEI has a Letter of Intent to acquire German Technology pending results, it appears they may already have it. Why would they grab technology without the results to know which sorting equipment to purchase?
I'm hanging in there to see how it plays out.
Zeed
I didn't mean to ruffle any feathers, just speculating that it could be AHP sending out the alert as we didn't get the news this Wednesday and AHP has been following GCEI for sometime.
Zeed
Just got and email from Aim High Profits regarding an alert for next Wednesday. They have been right about GCEI news releases before, but we will see.
" Prepare Yourself For Some Big Smiles Come Wednesday!!
Hello Traders,
After the closing bell on Tuesday, we will be issuing our new alert which we are sure will make you think about your smile. We ae so confident in this one over the mid-term that we aren't even going to bother with hyping it up except to say ITS A GOOD DEAL!
Keep a close eye on your inbox Tuesday evening and prepare to put a big smile on your face before the weekend arrives.
AimHighProfits "
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