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Price up on high volume today. Big blocks of stock moving.
EarnestDD, I agree with you that EEGC has bad management.
I would not call it a scam because there was effort to drill, they just ran out of money and Hunt would not accept any more IOU's - Hunt has a payroll, we can all understand that.
Whatever Malcolm's character is, let it be. it's a fine line.
If he convinces one big investor to come onboard, he's a hero.
But your work here is done. I read your quote, and it applies here. You will convince none to change their beliefs. Hopefully you changed some reasonable minds, sparing them from getting caught here. For every sale there is a buyer. You can't save everyone. You do good work. Leave these people alone. Let them play their longshot. I hate to see you waste your time.
Be well GLTA
Helpfull, I doubt you could contact Squires. From what I have seen his job right now is sales. The person you want is Phoenix Alliance CEO Andrew McKinnon, who is involved with everything else, from SEC to hiring to business plan. However, more important than stock price to them right now is creating a new company structure to handle the extremely fast rampup in infrastructure, personnel and manufacturing PLUS, splitting the company into two entities, Solterra and Hague. Be thankful the price is so low and buy more.
---------------------------------------------
DMcD5, I never noticed that reference to TREC in the earlier PR. It's Saudi Arabia's Conference they are going to but this will raise Solterra's profile to worldwide instantly.
There are a lot of companies that have a head start on Solterra, but I think Solterra's cost of panel production per kilowatt will be the big difference. For the large arrays that these projects will entail, both cost and efficiency will be uppermost. Competitors will have a hard time matching costs if they use more expensive materials - poly silicon, and processes which take longer time to produce the same amount of panels.
I have to say WOW about Solterra's marketing. October, Rice Alliance - one of 5 presenters, and a winner of one of the most promising green energy company awards - heavy exposure to to the best investors and guiding lights of the US alternative energy field. Then, less than a month later, sole presenter in renewable energy and prime exposure to the number one power group in the Middle East, and the leading energy, architecture, engineering, and finance and government heads.
Absolutely Incredible!
Is TREC new news?
By the way, the link you posted to the article at the Saudi Gazette still works as of right now, but the article got kicked off the Business Page list of articles today, Sunday 10-25-09 - I don't know if it was because it was premature news about TREC - which I think is new news, or if because there was just a better article to post, which I give a low probability. They maybe jumped the Shark! You got a Scoop, DMcD5!
The Saudi Kingdom Project that we are attending is about building cities in Saudi Arabia, and improving technologies to serve existing cities, a sharing of information for the direct benefit of Saudi citizens. A $500 billion project.
But when I read the Saudi Gazette article, DMcD5, the middle paragraph is about the European Energy Transmission Project, it says -
If selected, the Solterra solar cell facility would be part of an initiative to build a transmission super grid of power plants and power lines to supply energy to Europe and to seawater desalination plants in the Middle East and North Africa.
The initiative has been spearheaded by the Trans-Mediterranean Renewable Energy Cooperation, or TREC, a consortium led by the renowned “Club of Rome,” which includes the German Aerospace Bureau and several universities in Europe and the Middle East. That is a totally different $500 billion project.
Then you have to consider the other Oil Rich nations attending the conference who will follow Saudi Arabia's lead, and have their own projects.
DMcD5, I don't have a private investorshub account, but I want to tell you that I appreciated your email response to my "plea" for reassurance,LOL, and when I saw the SEC filings of the options purchases, I also bought as much as I could on Friday. I am happy with what I have, but a lot of people are going to wish they bought more when they had the chance on this one.
When Insiders Buy, Should Investors Join Them?
by Ben McClure
http://www.investopedia.com/articles/02/121002.asp
Tips for beating the market tend to come and go quickly, but one has held up extremely well: if executives, directors or others with inside knowledge of a public company are buying or selling shares, investors should consider doing the same thing. Indeed, much research shows that insider trading activity is a valuable barometer of broad shifts in market and sector sentiment. But, before chasing each insider move, outsiders need to consider the factors that dictate the timing of trades and the factors that conceal the motivations.
Reasons to Follow
The argument for shadowing insiders makes a lot of sense. Executives and directors have the most up-to-date information on their company's prospects. Intimately acquainted with cyclical trends, order flow, supply and production bottlenecks, costs and other key ingredients of business success, these insiders are way ahead of analysts and portfolio managers, not to mention individual investors. Insiders' decisions - legal or not - to trade in their own company's stock are certainly worth examining.
Research supports the view that insider information works best in the aggregate. Independent research firm Market Profile Theorem (MPT) showed that insider trading trends signal an up-and-coming shift in market sentiment. To identify trends, MPT analysts employ the Brooks Ratio, which divides total insider sales of a company by total insider trades (purchases and sales) and then averages this ratio for 2,500 stocks. If the average Brooks Ratio is less than 40%, the market outlook is bullish; above 60% signals a bearish outlook.
University of Michigan finance professor Nejat Seyhun, author of "Investment Intelligence from Insider Trading", offers a similar story. Stock prices rise more after insiders' net purchases than after net sales. On the whole, insiders do earn profits from their legal trading activities, and their returns are greater than those of the overall market.
The Stories behind the Signals
Surges in insider trading appear to divine an upcoming switch in the market's direction. But outside investors have to be awfully careful about reading positive messages into every insider buy they see. Nor should investors treat individual sales as signals to unload their own holdings. Admittedly, one big insider buy or sell order might offer investors a hint of things to come, but it hardly translates into a sure-fire pointer for outperforming the market.
More companies require newly appointed executives and directors to own shares. As market indicators, these required purchases are irrelevant to outside investors. Other companies encourage ownership by providing stock loans to executives for half the purchase price. These are examples of the company taking steps to align the interests of management and shareholders. While certainly commendable, these transactions do not provide reason for outsiders to buy stock.
Sometimes an insider will announce a stock buy just to get Wall Street's attention, but announcing is not the same as doing. Healtheon founder Jim Clark once proclaimed that he intended to buy as much as $100 million worth of the company stock. Healtheon shares surged the day of the announcement, but Clark didn't buy anywhere near as much as he had suggested. The stock quickly declined, and those who followed his lead got burned.
Although they may buy their company's stock because they expect good things to come, insiders do not sell simply because they think their company shares are about to sink in value. Insiders sell for all kinds of reasons. They might want to diversity their holdings, distribute stock to investors, pay for a divorce or take a well-earned trip to Mustique.
Another big problem with using insider data on specific companies is that executives sometimes misread company prospects. Some insiders may buy even as share prices collapse. Far from being the first to jump ship, Nortel Network executives and directors bought Nortel stock several times since before the stock plunged by 90%. When insiders do correctly assess their companies' share, it can be a matter of luck as much as anything else.
Employee stock options, which compose an ever-larger portion of executives' compensation, can make analysis tricky. Remember this: if the insider is exercising stock options by buying the stock, it is not very meaningful if the options were granted at rock-bottom prices. At the same time, when buying through the exercise of their options, executives do not have to disclose this. Outsiders can really only guess how much "real" buying is taking place.
Tips for Using Insider Data NOTE- YOU CAN PUT A CHECK NEXT TO ALL FOUR POINTS BELOW
Investors should consider the following guidelines when analyzing specific insider trading situations:
* Some insiders are better than others - Directors know less about a company's outlook than executives. Key executives are the CEO and CFO. People running the company know the most about where it is heading.
* A lot of trading is better than a little - One or two insiders at a big corporation do not make a trend. Three or more provide a better indication that something is happening. Generally speaking, solitary trades are unreliable.
* People at small companies know more - At small and mid-sized companies, virtually all insiders are privy to company financials. At big corporations, information is more dispersed and typically only the core management team has the big picture.
* Stay the course - Evidence suggests that insiders tend to act far in advance of expected news. They do this in part to avoid the appearance of illegal insider trading. A study by academics at Pennsylvania State and Michigan State contends that insider activity precedes specific company news by as long as two years before the disclosure of the news.
Conclusion
Here is the upshot: insider tracking is not easy, and it is hardly a guarantee of big returns. A pattern of trades might offer a cue for upcoming market shifts, and it is certainly reassuring to buy or sell a stock knowing that an insider is doing the same thing. Following the lead of insiders, however, will never replace diligent research. For more on how to find insider data and how it can help your investing decisions, see Keeping An Eye On The Activities Of Insiders And Institutions.
by Ben McClure, (Contact Author | Biography)
Ben is director of McClure & Co., an independent research and consulting firm that specializes in investment analysis and intelligence. Before founding McClure & Co., Ben was a highly-rated European equities analyst at London-based Old Mutual Securities.
ZequalsZ,
First, thanks for your well-thought answer.
I have had the same feeling about Malcolm you do.
We can only go by what he has actually done.
I appreciate your summary of the situation.
I notice that you only comment on EEGC.
Would you mind telling us what you consider
a good investment, because if you own EEGC,
it can only be a longshot play, pure spec,
and as anyone on this board knows, not something
which has produced a return on their investment
in the past. I will understand if you decline.
Directors exercise millions of shares of options!
Check out the SEC.gov - Squires, Wong and Jabbar all purchased stock from their options today.
Excellent news. Shows confidence in stock.
Z - THANK YOU FOR YOUR REPLY
So, it comes down to whether the MRT thinks that EEGC has the capital to proceed? If so, they should get renewal, if not, then like the last application, they will not get renewal.
New question -
Lets assume there is oil underground exactly like EEGC claims.
Why can't they find funding fast in these months of rising oil prices? Is EEGC not offering a reward equal to the investment?
Are funding angels ALL asking for too big a piece of the pie?
If there is oil, there should be no problem getting funding.
Getting funding should be as easy as shooting fish in a barrel.
Oil companies are searching everywhere for new oil supplies. Something as big as this is claimed to be would not be under the majors radar.
Am I right that non-award of the lease by MRT would be the death of EEGC?
If yes, then the only conclusion is that Malcolm would rather bankrupt the company than accept a joint venture and no longer be in top executive position, which might expose him to outside review of his stewardship of EEGC.
How Bad? HOW BAD? I'LL TELL YOU HOW BAD..
I kid because I love...
We've got the Obama of penny stocks.
Obama is pushing a new bill or cause every day
and Hague is trying to do 10 things at once also.
The difference is that Obama has a staff of thousands,
and we just got Mr. Squires, Phoenix Alliance, a hot PR company and office space in the middle of 40000 pimply teenagers in the desert.
I am beginning to think that the 15 mil float is totally owned by DMcD5, Ih8aloss, greenman100, ddabetsmallwinbig and myself!
Investorshub is all about immediate gratification and we have the sex appeal of a Bosnaplatoniaastic Zeptatrimagnaphalon on a muggy day. DD, you have done a fine job of alienating the entire population of this website to shun us with all your informative postings during the early days of your stewardship. Investorshub now uses the Hague postings as a substitute for melatonin. Now, if you had doctored the quantum dot microscopy and put some legs on them or a little more chest, we could have gotten both the perverts and the alien invasion believers that frequent this site and our numbers would be way up. No, I'm not talking about you, DMcD5.
Can't we find anything to argue about? Controversy sells!
Ih8aloss, I think you look like a fish! Helpfull, you're not!
Maybe Squires can adopt 8 infants and raise them on a reality show. Can he launch the only prototype solar panel in a helium balloon and call Fox News?
Anyone notice that the stockmarket is up 50%+ since March? And Hague is up .02 cents.
We must have the longest handle on a cup that's ever been seen in the market! Its a ladle!
Guys and Gals, I am beginning to think that Hague is a "give HGUE a penny, take a HGUE penny" ashtray on a galactic 7-11 counter at a universe gas station!
Down a penny today on 30K volume? Are you kidding? Someone needed $2700 for a down payment on a Ford Fiesta and I lost 10% of my HGUE investment? Whats that about? Trading in a tight range? We're might as well be trading in a narrow valley in Mongolia!
I could have bought Gold or Silver Miner stocks.
I could be paying my bills with ounces of gold now.
You ever try paying your rent with a wheelbarrel of Hague Stock?
HGUE backwards is EUGH!
Wait a minute, I am getting a message from the other side!
It's playwright Samuel Beckett and he's telling me he made a mistake! What, Mr. Beckett? You say you now think you should have named your play, "Waiting for Hague"? Ok, I'll tell them.
Thank you, bye, Mr. Beckett! Dead Man Talking.
Am I waiting for a NY Accountant to push the enter button to submit my future to the SEC? Is that whats going on? Hasn't that guy heard of a New York Minute?
Somebody help me out! Give me a reason not to pull the trigger!
Tell me there's a light at the end of the tunnel...
Tell me its always darkest before the dawn...
Give me some hope...
Somebody....beepbeep.....beepbeep....beep.......beep......be........................................................................................................................................
From a search of www.sec.gov:
"E" Added To Stock Ticker Symbol
When a company that trades on the OTC Bulletin Board (OTCBB) becomes delinquent in its reporting obligations with the SEC (for example, it submits a required filing late or in an incomplete form), the letter “E” will be appended at the end of the company’s stock ticker symbol. After the “E” is added, the company is given 30 calendar days (60 calendar days for most foreign companies and domestic banks), known as the “grace period,” to become current in its reports. If the company files complete required reports during the grace period, the “E” will be removed. If the company fails to correct its deficiency, the company’s stock symbol will be removed from trading on the OTCBB.
-----------------------------------------------------
Due to it's request for an extension to Oct 15, I would think the 30 day clock gives us to Nov. 15 to come current. They have to have their house in order before they go to Saudi Arabia or won't be able to do business. That's about 17 days. I am encouraged that this has happened with no drop in the stock price. Smart money is not selling and this is becoming a strong base.
Is there a way to research if there are other applicants for the leases since it seems to be open season with the expiration of Empire's rights?
I realize MRT would not comment on such, but has anyone found similar applications in the database?
The Portal worked when the "." at the end is removed.
A search of "empire" under holder shows the following applications- (no info on when submitted or when they will be decided on, and no access to the actual application)However, it verifies the applications and you can drill down to maps.
LICENCE is british spelling for License.
Question: who is Geominex in app#4?
Search results results 1 - 5 of 5 matches
You searched for: Holder: empire
1. LICENCE SEL13/2009 - unknown sq km/blocks
Empire Energy Corporation International,
South East Tasmania, Category 4 - Petroleum Products
2. LICENCE SEL3/2006 - unknown sq km/blocks
Empire Energy Corporation International,
Eastern Tasmania (Scamander - Recherche Bay), Category 4 - Petroleum Products
3. LICENCE SEL4/2009 - unknown sq km/blocks
Empire Energy Corporation International + Geominex Resources Limited,
Eastern Tasmania, Category 4 - Petroleum Products
4. LICENCE SEL40/2006 - unknown sq km/blocks
Empire Energy Corporation International,
, Category 4 - Petroleum Products
5. LICENCE SEL5/2009 - unknown sq km/blocks
Empire Energy Corporation International,
Eastern - Central Tasmania, Category 4 - Petroleum Products
I am not sure but I thought the extension for the SEC 10-k or whatever was Oct 15, not the 13th. In any case, the firm that is writing it looks like they have a track record and also ties to Phoenix Alliance.
I think there will be an explosion of announcements-
New Management for the second company
Mass production of quantum dots and first sales
Private Funding Infusion?
Stock Split of company into Hague and Solterra
First contracts with Saudis - may be a pilot project
Exploration of deals in Europe and Mideast as result of Saudi conference.
Licensing production rights to existing companies?
New uses for Quantum Dots
Possible US Govt money for research and development?
Revenue estimates for the next year as we ramp up production.
First Solar $160
Hague .10 cents!
The only negative for Hague is that they have not produced any earnings as of yet. Within the week by Oct 15, they will come out with a 10-k or similar SEC reporting showing a loss for the year.
That said, Hague should also announce first production and sales of Quantum Dots to the OLED industry very soon. I am anticipating that production will allow them to get current within a quarter. The June 10th PR said Hague was looking to take Solterra public to the benefit of existing Hague shareholders. There should be added top personnel to provide leadership for the second company soon. The trip to Saudi Arabia is November 7th, only a month away. As the only Solar company scheduled to present there, to a gathering of leaders from the Middle East and Europe, we can expect good news there, too. Solar Panel prototypes should debut this fall according to schedule. The double source of income, from solar panel production and from quantum dots in OLED electronic and medical industry usage are a big positive. New uses will come when the quantum dots capabilities are understood and publicized.
Solterra's patented "disruptive technology" of both new process quantum dots and new materials, both of which will lower cost and increase efficiency toward grid parity are sure to knock the solar industry for a loop.
Friday close above support at .10
Following a 100% rise in Hague from .075 to a peak of .15, HGUE retraced to just under .10cents, a Fibonacci 78.6% and closed over a half cent higher than Thursday's low. The decline had come on low volume. It's too early to tell, but Thursday's low could be the end of wave 2 and we may have entered wave 3 up.
This is a Company News-driven stock, with a bunch of positive stories coming.
Mr. Squires presentation of the business plan to the Clean Energy Venture Forum was this morning in Houston. I wonder when they will publish the business plan. I would like to see it. Also wonder how it was received by the attendees.
Tomorrow is the one month anniversary of the last PR (the Access2Flow PR). One thing we can say about this company's management is that they don't believe in pumping up the stock with meaningless and redundant PR. Each PR they issue is succinct and to the point of understatement. Yes, Mr. Squires always says in the PR that the potential of the company is fantastic, couched in corporate talk, but they don't overdo it. They have been announcing the minimum amount of information, just so we know the company has a pulse. To shareholders and potential shareholders, it is frustrating. Other than the Solterra website, this Board is the only source of updated information on Solterra/Hague. Googling Solterra or Hague Corp does not get you too much you cannot find on this board. Of course, you can google Quantum Dots and learn a lot on the web.
My point is that the stock has gone up about 75% from under 8 to 14 cents in a week, while volume has increased by multiples and there has been no news this week. There is demand for the stock now. (With a float of only 15 million, I still wonder who is selling their shares?) We do not know if the rise is from investors coming back from vacation, some inside information leaking out, or just general anticipation of all the potential news discussed on this board in the last few weeks. I have to think we will find out soon.
Feels So Good!
Aww, c'mon you guys, be proud!
Do a little dance, uh huh uh huh.
Typo in headline - previous PR should read US $3.6 Billion not $37.6 Billion
Global Nanophotonic Market Worth US$37.6 Billion by 2014
NanoPhotonics = Quantum Dots
I found this PR on a search I did on "Quantum Dots"
Global Nanophotonic Market Worth US$37.6 Billion by 2014
WILMINGTON, Delaware, July 23 /PRNewswire/ -- According to a new market research report, 'Nanophotonics - Advanced Technologies and Global Market (2009-2014)', published by MarketsandMarkets (http://www.marketsandmarkets.com), the global nanophotonics market is expected to be worth US$3.6 billion by 2014, out of which the Asian market will account for nearly 74% of the total revenues. The global market is expected to record a CAGR of 100.7% from 2009 to 2014.
Nanophotonics (http://www.marketsandmarkets.com/Market-Reports/ nanophotonics-advanced-technologies-and-global-market-125.html) is born out of the combination of three major sciences:photonics, nanotechnology, and optoelectronics. While photonics and optoelectronics have revolutionized the electronics and semiconductors market, nanotechnology has the greatest potential for further improvement, and hence has emerged as the most sought-after technology by big companies and research laboratories. In spite of it being in the nascent stage, nanophotonics is expected to make it to the mainstream market owing to the higher power efficiency, thermal resistivity, and operational life.
The nanophotonic component market is growing at a robust rate for the last few years and is expected to maintain a very high CAGR for the next few years. The market is expected to reach US$3.6 billion in 2014 at a CAGR of 100.7% from 2009 to 2014.
Asia holds a major share of the global nanophotonics market. However, the U.S. and Europe represent very high growth rate of 161.1% and 160.0%, respectively, from 2009 to 2014. The U.S. and Europe assume further importance because of the large consumer base for the nanophotonic devices. Extensive investment in research and development for the application of nanophotonics in increasing number of application areas has become the main driver for this market
The LED market is the largest segment; and is expected to reach US$2.7 billion by 2014 at a CAGR of 91.3%. Optical amplifier and holographic memory device markets are estimated to record growth rate of 239% and 234.6% respectively from 2009 to 2014. The high growth rate of nanophotonics products is mainly due to high demand from Asian countries.
The Asian market is the largest geographical segment; and is expected to be worth US$2.7 billion by 2014. The second largest segment is Europe, with a CAGR of 160.0%. However, market size of the U.S. is expected to increase at the highest CAGR of 161.1% from the year 2009 to 2014.
The report is titled 'Nanophotonics- Advanced Technologies and Global Market (2009 - 2014)' and was published in June 2009.
Scope of the Report
This report aims to identify and analyze products, applications and ingredients for nanophotonics market. The report segments the nanophotonics product market as follows:
Nanophotonics components - products
Nanophotonic LED, nanophotonic OLED, nanophotonic near field optics, nanophotonic photovoltaic cells, nanophotonic optical amplifiers, nanophotonic optical switches and nanophotonic holographic data storage system.
Nanophotonics - applications
Indicators and signs, lighting, non-visual applications, telecommunications, entertainment and consumer electronics
Nanophotonics - ingredients
Photonic crystals, plasmonics, nanotubes, nanoribbons and quantum dots.
Contact our representative to sponsor this report
About MarketsandMarkets
MarketsandMarkets is a research and consulting firm that publishes 120 market research (http://www.marketsandmarkets.com/) reports per year. Each strategically analyzed report contains 250 pages of valuable market data, including more than 100 market data summary tables and in-depth, five-level segmentation for each of the products, services, applications, technologies, ingredients and stakeholders categories. Our reports also analyze about 200 patents, over 50 companies and micro markets that are mutually exclusive and collectively exhaustive. Browse all our 120 titles at http://www.marketsandmarkets.com.
Contact:
Ms. Sunita
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Wilmington
DE, 19801
County of New Castle
Tel: +1-888-989-8004
Email: sales@marketsandmarkets.com
That is one beautiful, big chart you have in the IBox, DD!
My feeling is we won't get anymore announcements until after Labor Day. This is probably the slowest week of the calendar year on Wall Street, which is another reason the increase in volume, on a down market day, is special.
Volume is up today to almost 100K, price up 7/10ths of a cent and ALL indicators are pointing up. There are so many things about to happen for this stock it is amazing.
To name just a few -
Reorganization - Mqy split into two companies with two focuses, one for quantum dots manufacturing, one for solar panel manufacturing. Taking the second company public. Distributing shares to shareholders of record.
Bringing on more Executives from the Solar and Manufacturing areas to add to the team.
Announcing plans to increase capital with Phoenix Alliance.
Announcing first sales of quantum dots and ramping up production from grams to mass production with Access2Flow.
Announcing first solar panel prototypes with Arizona printing process.
Potential contracts with the Saudis.
Presentation to the Saudi Conference in November.
Consider this your reminder to buy some more this week before
the announcements start coming and this gets discovered.
Have a great labor day weekend everyone!
Are you Roy's friend?
Do you know when he will be back from vacation?
At the bottom of the June and July PR -
Public Relations Contact:
Richard Stern
Stern & Co.
This is no doubt one of the best PR Firms in the Business:
You can view their client list here:
http://sternco.com/clients_list2.htm
The client that stands out is not a "company" but the Project Klebnikov group - which has among its founders Bloomberg and Forbes, in addition to the cream of U.S. media and finance. To be chosen by leaders of these two industries to do their PR for an important cause speaks to the quality of Stern & Co.
Stern & Co. Management Team
Richard Stern, co-founder of Stern & Co., has extensive experience in shaping, positioning and executing critical strategies. At Forbes Magazine, where he was senior editor for 13 years, he wrote about the intricacies of investments and markets. In 1984, he won the coveted Loeb Award, the most prestigious honor in financial journalism.
Stephanie Roumell Stern is principal and co-founder of Stern & Co. Before she co-founded Stern & Co., she was a television news manager, editor and producer for NBC-TV News, based in New York City. At NBC -TV, she won an Emmy for best news coverage and individual Emmy Awards for magazine segments she produced. Stern received at MBA from New York University's Stern School of Business in 1992, while at NBC-TV. She and Richard Stern co-founded Stern & Co. in the following year.
Alison R. S. Simard heads Stern & Co's recently established west coast office in Los Angeles. She has been with Stern & Co. since 1994 and was part of the team that won the Public Relation's Society's Silver Anvil. During her tenure at Stern & Co. she spent 3 years as a full-time in-house consultant in the Merrill Lynch media relations department at their corporate headquarters. She returned full-time to Stern & Co. in mid-1999, where she handles many of the firm's financial services and technology clients.
Stan Froelich has more than 12 years of experience in financial media relations. He joined Stern & Co. after serving as vice president of press relations at two national investor relations firms. Earlier, he was a news feature writer for WINS "All News Radio" in New York City.
John Goodman has more than 25 years of experience in public relations and television production and promotion. He served as a senior vice president and national media director of a worldwide public relations firm and as an executive at a San Francisco-based public relations firm, where he specialized in national media placement. Earlier, he was a senior producer at CBS This Morning, and was an associate producer and producer at ABC Good Morning America.
Arlene Hershman, a long-time financial editor and writer, formerly served as editor of Dun's Business Month, a magazine for business executives published by Dun & Bradstreet Corp. for nearly 100 years. As a freelance journalist, she has written articles for Fortune Magazine and Business Week, among others. She has also written promotional materials for large corporations including J.P. Morgan and Brown Brothers Harriman.
============================================================
Personal note to Mr. Squires:
Please accept my humble apology for saying in July that the lack of updates meant you had only bought "the 3 PR Release Package from PRNewswire." I was mistaken! You have been incredibly busy.
www.access2flow.com - there is a white paper --
called Application note
This application note has been published by Access2Flow Partners:
Fast scale up of microreactor technology
from lab scale to production
Their time estimate for developing the process is 200 man hours. That's like 5 scientists working for one week.
In the scaling up estimate for an actual process they did for another company, they scaled "by a factor of 1250" and produced 55 grams an hour.
Here is the actual quote from their document-
Finally, the optimized and validated reaction parameters were applied to larger microreactors connected in parallel. A production rate of 55 g per hour could be reached with this
device, giving an overall scaling factor from optimization device to preperative lab scale of 1250. Further parallelization of the reactors will increase the production rate up to kgs per hour.
Major benefits of the flow chemistry route vs. conventional batch chemistry in this particularcase are the safe and easy operation of an exothermic reaction, fast development time
So, transposing those results of one machine for one hour, @ lowball $1000 quantum dot gram sale price = $55,000 per hour or $1,320,000 per 24 hour day in product. At $2500 per gram, that is $4 mil/day. Access2flow thinks they can improve the production numbers with time. Those are amazing numbers.
Disclaimer by me - this is discussing just one process access2flow completed and I do not know how related it would be to Solterra's needs, but it is an example of what access2flow can do. They have many processes to find the optimal process and they would develop the process specific to Solterra.
One note is that Solterra would retain the rights to the improvements in the process developed. I think Solterra is the first or among the first clients of access2flow. The fact that Solterra has not a lot of cash and swung this deal implies that access2flow was sold on the technology.
See the paper at http://www.access2flow.com/?Technology
There are lots of problems as I see it, and the number of them make a big barrier to getting this project started -
1. August in Tasmania is like February in Canada.
They can't drill till "spring" - maybe October?
2. Deadline for renewing SEL is coming up.
3. Can't sell the rights offering unless present stock is up in price to .07 cents at least. He tried to do it by guaranteeing the offering in the PR, and the price bounced up, but he had nothing to follow it up, and the price came down to earth again.
4. Can he get the drill back? Hughes told me they hadn't been paid since December. Then they pulled their drill "for winterizing".
5. Can he get financing? That's the strangest thing. If the project was so good, why can't he get financing? Do the funders not believe or trust Malcolm? Why? Has he burned too many bridges in his time? Also, Malcolm said he already had the financing approval. I don't see any financing.
Don't rely on anyone else. Ask yourself the questions above and decide for yourself.
Hi Greenman,
Let me clarify that last post-
The PR said:
According to BCC Research, the overall market for quantum dots is expected to reach US$721 Million by 2013.
Two points - that estimate is probably out of date now. Since the effective cost of Solterra Quantum Dots is 1/4 to 1/8 (including both lower price and increased performance)
- I can see Solterra taking over with a commanding share of the market
- The lower cost/performance ratio will cause an explosion in product development
So my estimate of $50 mil / yr in sales was based on Solterra's goal of reaching 1000 gram per week production level. I see no reason they cannot ramp that up to capture major market share. Ten times that production is $500 million a year. That is the majority of the market. LOL !
The sale of Quantum Dots for OLEDs will be the second biggest income generator for Hague according to Squires. Looking through the I-box above, I found these company goals:
·
Following the successful completion of the sponsored research goals with Michael Wong, Licensee shall demonstrate the scalability of the quantum dot production technology by May 31, 2009.
·
Licensee shall establish a QD production pilot plant capable of producing 1000g/week by December 31, 2009.
·
Licensee shall start up a full scale QD production plant by December 31, 2010.
---------------------------------------------------------------
Simple math says that if they sell 1000 grams per week at a minimum of $1000 per gram, then income would be $1 million per week, or $52 million/year. Price to Sales ratio for next year would be $5 mil. current stock value/$52 mil Sales = .10
Keep in mind that the sales price in the PR was "$800 to $2500" - I am using the low range for my example.
The Price to Sales Ratio is extremely low, by any metrics, and it's also very positive for a startup to have such a high income stream around the corner to help finance the business, and it will be a secondary income source, not the primary business.
A while ago they mentioned that they were getting many business queries for Quantum Dots.
I like that the company is exploring many paths - Saudi Arabia, Desertec, Exclusive Licenses for Technology, Solar Cells, Panels and Quantum Dot sales.
My guess, and this is pure speculation , is that an alternative to manufacturing our own solar panels would be to align with a company that is already producing CIGS Thin Film Panels, and convert them to the U of Arizona technology for printing. Solterra would generate license fees and royalties per panel without oost to Solterra. I could see them doing this as a joint venture with a Japanese Company that already has production facilities, and perhaps has ties to Saudi Arabia as a bonus. There is such a Japanese company. This would enable a pilot plant on-site in Saudi Arabia. Solterra has the patent on Quantum Dots and would be the sole supplier. These would start solar panel revenue up quickly and not affect any other world plans for direct production.
Volume Breakout Friday!
Hague is no longer the best kept secret on the market.
Volume before price is the rule.
Jul 31, 2009 0.08 0.08 0.08 0.08 329,250
Jul 30, 2009 0.09 0.09 0.08 0.08 78,100
Jul 29, 2009 0.08 0.08 0.08 0.08 154,955
Jul 28, 2009 0.09 0.09 0.08 0.08 80,323
Jul 27, 2009 0.09 0.10 0.08 0.08 123,700
Jul 24, 2009 0.10 0.10 0.08 0.08 41,173
Jul 23, 2009 0.09 0.10 0.08 0.08 124,400
Jul 22, 2009 0.09 0.09 0.08 0.08 23,490
Jul 21, 2009 0.09 0.09 0.08 0.08 35,500
Jul 20, 2009 0.08 0.09 0.08 0.08 36,250
Jul 17, 2009 0.08 0.08 0.08 0.08 32,000
Jul 16, 2009 0.08 0.08 0.08 0.08 42,500
Jul 15, 2009 0.08 0.09 0.08 0.08 78,000
Jul 14, 2009 0.08 0.08 0.08 0.08 30,000
Jul 13, 2009 0.09 0.09 0.08 0.09 33,277
In the PR-
"A key barrier to large volume sales has been is price: quantum dots can cost anywhere from US$3,000 to $10,000 per gram, restricting their use to highly specialized applications (source: Nature Magazine June 2009 "Quantum Dots go large) whereas Solterra's Quantum Dots will be brought to market at prices varying between $800.00 to $2500.00. This very competitive price point will allow us quickly to capture significant market share.
We believe our low cost materials and efficient continuous batch process will be the key to reducing the price of high quality quantum dots and as a result, enable rapid commercialization of quantum dot dependent emerging technologies/applications, such as solar cells, flexible displays, flash memory devices and LED lighting among others."
If Solterra will sell the Quantum Dots at one-fourth the price -
$800 to $2500 per gram as opposed to $3000 to $10000 per gram in the industry, AND if the efficiency of Solterra Quantum Dots is twice as good, then customers can use less dots and lower their cost by another 50%. This means the effective cost to the client is $400 to $1250 or one-eighth of present market cost.
If we are in production of Quantum Dots, the first Solar Panels cannot be far behind, because they only have to be sprayed on the thin film sheets. Prototypes and samples should be forthcoming. This is in keeping to production projections timetable from the beginning of the year.
Yes Snowcloud, Hague is public. Solterra is owned by Hague.
If you read one of the June PR, they will split into two companies and Solterra will become a separate public co. with a majority ownership by Hague, so all Hague stockholders will get shares in the new company. Two companies for one, both with great prospects. Solterra in solar panel products, Hague in supplying Solterra with Quantum Dots, and selling quantum dots to other companies in the form of LEDs, which Squires says will be the second most important use of quantum dots. There are myriad of electronic devices that can use them, including medical devices.
IMO, this company split and Solterra going public should happen before they get rolling in sales and production to keep things simple.
So my question is how is it going to happen, by buying a shell company (like Hague was) - and which is my pick for the quickest method, or by going full boat gonzo with an IPO and go for a bunch of cash in the deal, which I think is a lengthy process which can get postponed if you don't dot your I's and cross your T's with the SEC in your financials.
Presumably, this is Phoenix's forte and they have a vested interest - stock ownership - in making this happen in the shortest time. Their website says they do the whole kit and kaboodle, so hopefully they play well together internally and get the ball rolling putting together the new management, production team, company going public and whatever else needs to be done.
They are on the move and have a deadline - 4 months from the June holdstill agreement, which I believe is Oct 2 to get a lot done. I have total confidence. I read Squires words and he seems to understate things as he talks about how much better Solterras Dots are better than everyone else's dots.
I have Googled Quantum Dots for hours and not found any company or any technical paper that has the concept Solterra has, of a multiple layered dot of a unique, low-cost, patented material able to absorb the entire light spectrum and even work at night with UV for maximum energy capture. Now with the exclusive with Arizona, they have secured a patented delivery system for the screen printing.
They can put a factory anywhere, without excessively expensive manufacturing equipment - spray on thin film is a common process in any custom sign shop. Cost of materials is possibly lower I have read by a factor of ten. Electical Output is possibly 50 to 60 percent now and possibly approaching triple that of silicon solar sheets (max 30 percent efficiency and most are not near that) in the near future, and much much higher than any other thin film (max 15 percent efficiency). I am not an engineer, so I won't talk numbers and am keeping it in general terms,but Solterra talks of approaching "grid parity" - the holy grail - meaning coming close to the cost of conventional electrical kilowatt costs of .10 to .15 cents. I have not read everything, and there are maybe 150 solar product companies out there, but those I have read, don't come close to talking about what their cost per kilowatt is to the public and are not on the same track as Solterra. We are truly talking half the cost and double the electricity, right now, of anything out there.
In the words of the great Joe Namath, I can't wait for tomorrow because I get better looking everyday!
This makes me feel like that!
Pura Vida!
My question is what are the time estimates for this happening?
Anybody know?
Hi DD and Greenman -
The news keeps getting better and better about Solterra and Hague. I have a couple of questions and want your opinion.
First, $6 million financing, seems like they are working with Phoenix Alliance to raise the money, do the biz plan, take Solterra public, and help hire execs. I know the CEO Andrew is a shareholder so they are tight with us. Do you have any opinion on Phoenix and their capabilities?
How long to take Solterra public? Reverse engineer again with another shell? Or a full fledge market IPO, which takes a long time to get all approvals?
How long to production? Don't they need to hire expertise for this, plan and build a factory, staff and train?
The November presentation in Saudi Arabia should rock!
I can't believe that someone is willing to sell their shares at .085. I am surprised there is any volume at all with such a low float. If whoever is selling would stop, HGUE would skyrocket. IMHO.
Let me get this straight about today's PR -
Solterra is the only company invited to present on renewable technologies to a country - Saudi Arabia - that has budgeted $500 billion to build new cities? And there will be all kinds of investors and developers there from the region? And they were invited by a Prince of the royal family?
And there is only 70 mil shares, with a real small float, and so the market cap at .08 cents is $5,600,000.
Do I understand that right?
Please correct me if I am wrong, I don't want to misrepresent!
I am writing this because it is the one month anniversary of the last PR.
I guess they bought the three PR release package from PR Newswire and used them all up. Now they have to save to afford another PR release.
Price is down 20 percent since last PR.
Shares traded averaging under 50000 per day by a wide margin.
All we can do is wait, wait, wait.
To the other two people checking this list, have a great weekend!
DD-
Very insightful post, but you left out all the billions that will be made with the George Foreman Solar Powered Hamburger Grill.
I bought another 10k today at.09. Did not get the .085 that someone sold at today. I am ok with the extra $50 it cost me.
Someday we will all look back on these days and say we should have bought more.
The PR said that Malcolm guaranteed to buy up any remaining shares in the .07 cent offering, thereby guaranteeing the offerings success.
Problem is the share price is nowhere around .07 cents. Therefore can't do share offering. Therefore can't get financing.
Malcolm hoped to get the share price up by announcing the guarantee. It was brilliant, and almost worked, with the price hitting .05 cents. Problem was too many long-timers wanted out, and too many shares on the market. I lost a third of my investment before I got out.
Has anybody called Hunt to confirm that they haven't been paid in six months, like they told me last month? You can't believe everything you read, you should find out from the horse's mouth. Do your DD. Telephone rates have come down in the last 20 years, you know.
Even if they were paid, what's the chance they drill before the Tasmania spring, in say, September?
Price of oil is dropping, too. Market could be tanking. S&P just hit 888. What do they say? You should buy when everyone is selling? Is that right?
Just consider this another point of view. GLTA.
Big 4x volume spike on a market down day.
I wonder why.
Date Open High Low Close Volume
3-Jul-09 0.10 0.10 0.10 0.10 0
2-Jul-09 0.11 0.12 0.09 0.10 134,813
1-Jul-09 0.10 0.11 0.10 0.11 32,788
30-Jun-09 0.10 0.10 0.09 0.09 55,857
29-Jun-09 0.10 0.10 0.10 0.10 13,537
26-Jun-09 0.10 0.10 0.09 0.09 24,500
25-Jun-09 0.09 0.09 0.09 0.09 10,500
24-Jun-09 0.10 0.10 0.08 0.08 57,500
23-Jun-09 0.10 0.10 0.09 0.09 47,250
22-Jun-09 0.10 0.10 0.09 0.10 35,000
19-Jun-09 0.10 0.10 0.10 0.10 71,000
18-Jun-09 0.10 0.10 0.10 0.10 104,225
17-Jun-09 0.10 0.10 0.10 0.10 227,925
16-Jun-09 0.10 0.10 0.09 0.09 176,300
15-Jun-09 0.10 0.10 0.08 0.08 73,845
12-Jun-09 0.09 0.09 0.08 0.09 87,873
11-Jun-09 0.09 0.09 0.08 0.08 121,311
10-Jun-09 0.09 0.09 0.08 0.09 163,150
9-Jun-09 0.09 0.09 0.09 0.09 14,695
8-Jun-09 0.09 0.09 0.08 0.08 137,345
5-Jun-09 0.08 0.08 0.08 0.08 41,900
4-Jun-09 0.09 0.09 0.08 0.08 119,300
3-Jun-09 0.08 0.09 0.08 0.09 15,500
2-Jun-09 0.08 0.08 0.08 0.08 115,800
1-Jun-09 0.09 0.09 0.08 0.09 32,900
Got your email in private message today.
Have set address book.
Dollar was jumping all over the place today and wound up about where it started. does it affect your wave count? Was it 5 down and the start of 1 or a up?
Art
As I said the other day, Hunt told me they haven't been paid in 6 months. Has anyone checked it out themselves or are they just trusting Howard?