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You should have a seat at the table
Good afternoon Duffau
What is the story here? Are we nearing a bottom because it sure looks like it has some good upside potential. On another oil play What do you know about PLLL I updated the I-BOX and saw you posted there can you tell me anything about it?
I am starting to move about half of my account to dollar plus plays so i dont get so nuts in penny land. I will mark this board. Good luck.
Thanks, I have 5 million now but would like to double that befor the news. Will be nice when it pans out!
OIL is going up ^
Total Liabilities and Stockholders' Equity $34,985,572
OMHI website wont open
PIZZA good morning whats up here?
Thank You, More on Monday
Chesapeake gains stake in Parallel's gas field
Oil & Gas Journal
By OGJ editors
HOUSTON, Mar. 2 -- Chesapeake Energy Corp. is gaining half of Parallel Petroleum Corp.'s interest in a Barnett shale gas field in exchange for Chesapeake paying to drill the wells.
Parallel had 35% interest in a Barnett shale project, and Chesapeake already owned the rest. The agreement pertains to all wells drilled on Parallel's Barnett shale leasehold from Nov. 1, 2008, through Dec. 31, 2016.
At the time Chesapeake commences drilling a well, Parallel will assign to Chesapeake 100% of its leasehold interest. Parallel retains a 50% reversionary interest that will vest after Chesapeake recovers 150% of its costs.
Chesapeake will fund all Parallel's costs for drilling, completing, and operating wells until 150% payout has been reached. Then, 50% interest will revert back to Parallel, and Parallel will resume paying its costs and receive revenues attributable to its 50% stake.
For all wells drilled after Jan. 1, 2017, Parallel will pay all costs and receive all revenues attributable to its 50% reversionary interest. Parallel is based in Midland, Tex.
THIS ALLOWS PARALLEL TO CONTINUE TO DRILL THEIR LAND BUT DEFERS THE COST BY PAYING CHESAPEAKE ONLY AFTER THE WELLS PRODUCE.
Updated I-BOX we need more volume
We had a slight pullback with the rest of the BB stocks. As most companies are are down sizing CWSI continues to expand to meet market demand.
CWSI should grow by June IMO
They have rebuilt company and continue to increase sales. It is a wind power play in ASIA.
If I buy next week will...
those shares benifit from the divy?
A credit line is necessary when you expect large orders and your raw material suppliers may expect payment before you can collect the receivables from your buyer. Since they are dealing with the large chain stores the orders will most likely be larger than their cash supply can back up which is a good thing.
This is a new company about to go large and they need the float to meet the upcoming demand and not fall on their face while filling the new sales orders. All large stores use planagrams to decide what product would be best in some space in their stores. If they agree to give you retail space on their shelves and you do not fill them your day in the sun will be short.
HANG IN THERE all will be well IMHO
VERY VERY IMPRESIVE!
Guys I wanted to see what would happen
We have a 145 board marks but I only see a few posting.
I put a buy order in at .0003 for 250k this morning. It filled at .0002? This speaks a lot about the investors of ATWEC. They all believe in Alex and NONE of them have sales orders set to bail on the up tick. WELL DONE. This is a tight group who believes in Alex and in my opinion we will all benefit greatly in the long run buy staying behind him. It would be nice if some of the other board members would chime in and share their (Positive feelings) about ATWEC to help us gain strength while we wait. Here is my buy order..
Status Filled at $0.0002
Symbol ATWT
Description ATWEC TECHNOLOGIES INC
Action Buy
Quantity 250,000 Shares
Route HUDSON SECURITIES, INC.
Order Type Limit at $0.0003
Time in Force Day
Conditions None
Trade Type Cash
Market Session Standard
Order Date 03/05/2009, 06:57:03 AM
Good luck and God Bless
Green or Pastor give Dean a call
and ask him how he is doing. I believe his cell number is 801-892-6793.
When I spoke to him 2 weeks ago he said things were moving along. He said he is focusing on the oil business since there is a great need for water at the wells to get the oil out. Most of the wells are in remote places and they have to truck the water in at great expense so his system saves the well operator money from the start. Basicly he leases the smaller units out at a cost of 2 to 3 cents a gallon processed depending on the situation he may charge more depending on the cost savings he can bring to the customer. I got swamped down trying to close out 2 projects at work but I will be sending 2 samples out to Dean for him to test. He is working hard to rebuild the company since his Dad passed 2 years ago and he is here to stay IMHO.
Axis Technologies Announces Multiple Installations
of Company's Dimming/Daylight Harvesting Ballasts in New Jersey
Significant Carbon Reductions Realized From Energy Savings
Last update: 7:32 a.m. EST March 3, 2009
LINCOLN, NE, Mar 03, 2009 (MARKET WIRE via COMTEX) -- Axis Technologies Group, Inc. (PINKSHEETS: AXTG), a green technology designer, manufacturer and marketer of a proprietary line of energy saving and daylight harvesting electronic dimming ballasts for the commercial lighting industry, announced that recent installations in several locations have has led to kilo watt hour (KWH) energy reductions and corresponding carbon dioxide reductions.
The Sprint Recycling ( www.sprintrecycling.com) plant in Newark, NJ operates a 24,000-square-foot facility with a 20,000 ton/month capacity for recycling paper products. Nearly 200 Axis ballasts were installed in new fixtures in this facility. Tricarico Architecture & Design ( www.tricarico.com), a leading architecture firm in Wayne, NJ which utilizes the latest in state-of-the-art technology to create innovative designs and has completed over 10,000 high profile projects, has installed over 150 Axis ballasts in their facility. Axis ballasts have also been installed in a number of schools and military facilities. In just these three installation, the new fixtures are cumulatively saving approximately 60,000 KWH annually, which translates to nearly 103,000 pounds of carbon dioxide.
"Carbon reduction and energy efficiency are major goals of the US Department of Energy and the new administration," cited Nick Bussanich, East Coast Regional Manager for Axis Technologies. "Axis is well-positioned to provide these savings in both kilowatt-hour reduction and carbon savings to any company that uses fluorescent fixtures." He continued, "With the expected funding to the fifty states from the recent Economic Recovery Bill targeted for enhancing the energy efficiency of Federal, State and local government buildings, we expect to see more installation contracts from both the government and private sectors."
To be included in the corporate e-mail database for company press releases and industry updates, please send an e-mail to ir@axistechnologyinc.com.
For further information on Axis Technologies, Inc., visit www.axistechnologyinc.com.
About the Axis Ballast:
A standard "ballast" is an electronic component that regulates voltage in light fixtures. Axis Technologies Group, Inc. has developed an innovative ballast with which expands daylight harvesting into mainstream lighting applications. The patented Axis Dimming/Daylight Harvesting Ballast is a new technology that transforms the standard ballast into a dynamic energy saving system that can reduce lighting energy costs by up to 70%. The Axis Ballast utilizes an individual photo sensor to automatically adjust the amount of electrical current flowing to the light fixture and then dims or increases lighting in conjunction with the amount of available sunlight. The Axis Ballast avoids "over-lit" conditions that increase energy costs by harvesting and utilizing free daylight from windows or skylights. As the amount of available daylight fluctuates, the Axis Ballast automatically keeps lighting "tuned" to the desired level in a designated area.
Today in Finance for March 3, 2009
Leadership in Finance: China Wind's Leo Wang
March 3, 2009
As the CFO of China Wind Systems, a small U.S.-based company that makes forged rolled rings - an essential part of wind turbine gearboxes - for companies in China, Leo Wang is well acquainted with two of the biggest potential growth engines in the currently growth-challenged world.
On one hand, there's China, which is increasingly viewed as the motherlode of future global consumer demand. On the other, the company's a key player in the supply chain for the production of a source of clean, renewable energy - and on the list of currently used catch-phrases in conversations about the environment, "clean renewable energy" surely ranks high.
At the same time, Wang, a native of China with an MBA from MIT and a PhD in economics from the University of Oslo, bridges two worlds. Working for a company that raises capital exclusively in the United States but manufactures its product and distributes it only in China, he must communicate the ways of U.S. investors to his boss in China, while conveying the conservative financial outlook of a Chinese operation to markets here.
Formed in 2007 through a reverse merger, China Wind Systems used private placement funds to join with a U.S.-listed, Delaware-registered company with little in the way of operations called Malex. The ring manufacturer spawned $39 million in revenue in the 12 months between the third quarter of 2007 and the third quarter of 2008. (The company plans to report on the fourth quarter of 2008 and the entire year in early April).
The company has just completed what it calls its "phase one expansion." The $15 billion project - about half of which was funded in two rounds of private- investment financing -allows China Wind to shed its outsourcers and become a full-fledged, in-house maker of forged rolled rings and other components. The rings, about 9 feet across, are a key component of the gearbox, which enables wind to power the turbine's generator. (Phase two, involving the manufacturing of other gearboxes and other parts, is expected to take two years.)
Wang was the company's senior vice president of finance from August to December 2008, when he became CFO. In February, just a few days after China Wind Systems begun producing forged products at its new facility in Wuxi City, he sat down with a group of CFO editors to discuss the challenges of spanning two worlds of finance. An edited version of the conversation follows.
Do you think the investors in the United States get more excited about opportunities in China than Chinese investors get about investing in their own country?
It may well be. Investors in China and U.S. investors may have different perspectives about investing in a Chinese company. For the Chinese it's a domestic company. It may not be as sexy. And more importantly, they may not fully appreciate the growth potential in the company because they look around - plenty of Chinese companies abound. But U.S. investors look to China. Here [in the U.S.], the market is very mature. Especially in the current market condition, opportunities are not very many and they're not very good. Whereas, if you look at China, the growth potential is much higher compared to here.
How has your capital raising in the United States been going?
It went pretty well, I would say. Simultaneously with the reverse-merger transaction, a U.S. private equity investment firm put in the bulk of $5.5 million, aligned with a couple of small investors. It allowed us to [fund] the company's phase-one expansion.
Now, we did do another round of fundraising in the past quarter - and then we certainly could feel some of the impact of the credit crunch. The company was doing very well. But investors who previously were very enthusiastic about investing in the company were a little bit scared by the overall market conditions here in this country. So they became a bit more hesitant. But we still managed to raise $2.1 million from U.S. based private investors to complete the phase-one expansion.
What was your goal in performing the phase-one expansion?
The goal of the phase one expansion was to allow us to produce forged rolled rings in-house. Until then we had been outsourcing a part of our production processes to other companies. But with the completion of the phase-one expansion we were able to do all production in-house.
You must hold some pretty important patents.
We don't. The manufacturing of forged rolled rings is actually not as complicated as gearboxes. Typically a gearbox is where you will have patents and your own designs. Our product is essentially a ring which is manufactured from a piece of steel. So the whole production process involves putting the steel through a heating process. You heat it up, and then you can, with the use of a ring roller, roll it larger and larger into a ring. With, of course, precision. Because we're talking about parts that are eventually going to go into a gearbox.
If you don't have a patent, what protection do you have against competition?
Well, there are a couple of things we think will allow us to compete against other companies. One is that we have experience and the skill sets in industrial equipment manufacturing deriving from our previous business. Through that we have acquired more expertise that can be easily transferred to our current production process. So we'll be more proficient at doing this and more experienced.
We have been able to use part of that expertise to design — in-house — a key piece of equipment through our phase-one expansion. It's a ring roller. This is a key part of the production process. So in case you have a breakdown of equipment, because we have the expertise in house, we can get the repair maintenance done immediately, minimizing production staff and revenue loss. Not every manufacturer can do that.Did you choose to stop outsourcing and bring your manufacturing in-house because it gave you operating flexibility?
Yes, and it also shows on the bottom line, because the growth margin will then immediately go from 22 percent with outsourcing to about 28 percent initially when we bring everything in house. And then when we finish our production ramp-up and everything is fine-tuned and is going smoothly we expect our gross margin to rise to 34 percent.
What metrics do just you check every day?
We have to keep a close eye on the company's cash flow. Steel prices, certainly, because that has an impact on our cost, and ultimately our bottom line. It also has an impact on how demand from customers will be affected. But now we also increasingly watch how the global financial markets evolve on a day-to-day basis because that has implications for how investors react. We've noticed very clearly that it's not enough for a company just to do well by itself for everything to go smoothly.
In our case, the business was doing well, but because of the market turmoil we had trouble with our second round of fundraising because investors just were scared. They were scared and that sometimes defies any rational reasoning.
There may be no rationale. They look at the fundamentals of the company and everything is fine. They may have been very enthusiastic about this deal a few months ago when the market was OK. But now, with everyone hiding away, they start to hesitate. And that's without regard to the fundamentals.
And I think we are not alone. That's what often characterizes a recession, a downturn. It's more psychological than economic. here is a hurt mentality in the market out there. Typically investors move in crowds. And when the market is bad everyone goes away, and then when the market recovers everyone rushes back. And I think we've noticed that a lot, especially in the last few months, related to our own business.
What have you learned from the crisis and how has it changed your strategy going forward?
We've started to be very careful with our cash-flow management. We learned that when the market shies away, it's very important that you have plenty of cash to sustain your operations, to pay all the bills, and that in a market downturn, typically there will be good opportunities if you look carefully. And then cash wins. So that is one of the key lessons we learned, early on: Be very careful with cash management in good times, but even more so in bad times.
So how's your cash position? Are you satisfied with it?
This company has over the years had a pretty healthy cash-flow situation. [The company's net operating cash flow to about $5 million for the nine months ended September 30, 2008, to about $6 million for the nine months ended September 30, 2007.] It's been pretty profitable, and we have been able to plow back the cash generated from operations to fund our phase-one expansion. I mean the $5.5 million dollars initial investment from investors was not everything we put into the phase one expansion. We plowed in a lot of our own cash, and we fully intend on doing the same thing going forward. With the phase one-expansion completed and with the wind business doing OK given the current climate in China, we expect that we will be able to continue to generate a healthy cash flow.
What's the outlook for the wind farm business in China? You don't usually think of that kind of a green industry in China — or do you?
Well, increasingly we do. It may be surprising, but with the rapid economic growth over the last decade, energy demand has increasingly become an important issue in China, and the government has realized that. Obviously, we cannot rely on the import of oil forever. Concerning the fossil fuel supply, the resources are limited. And it's not renewable. So once it's gone, it's gone.
So in order to sustain our pace of growth to meet the demand for energy we will have to go and look for other alternatives. That's the thinking behind the push into renewable energy by the Chinese government. There was a renewable energy bill enacted in 2005, and the push into renewable energy has been really serious. To give you an example, installed wind capacity has been growing at an average of 46 percent per year over the last 10 years. And that pace has actually accelerated over the last few years. In 2008, it doubled, so that means the growth was 100 percent. And this year it's expected to double again.
Where does China Wind Systems fit into the wind turbine supply chain.
If you look at the industry value chain we are upstream. We produce the forged rolled rings, the gear rings, the shafts, and flanges. Next come the gearbox manufacturers: they take our rings and shafts and gear rings and put them into their gearboxes. And then they turn around and sell the gearbox to a turbine manufacturer, which buys the gearbox and other components and puts them all together in a turbine. And then they sell the turbine, the finished turbine, to a wind farm developer or a utility. And then [the developer or utility] puts up the towers, puts up the turbines and start generating electricity.
How do you view President Obama's stimulus package and his ideas about expanding alternative energy and green projects in the United States? How does that affect you?
Well, to the extent that the stimulus package and the renewable energy initiatives encourage imports, it may have an effect on demand for our products, indirectly, through the turbine-industry value chain. But my personal experience is that each country tries to promote its own domestic growth of renewable energy. Many states here typically try to promote the development of that business within the state or the federal government tries to promote it within the country at the federal level.
Because of that I'm not very optimistic about an immediate impact. But hopefully over time, if [U.S. companies] realize that for the same wind turbine you can get cheaper components from elsewhere as compared to domestic manufactured components, maybe that will spill over.
Have you had to do much bank borrowing?
We haven't had any long-term bank borrowing, so we don't have any long- term debt on the company's books. People always ask about that. But we do have some short-term borrowing to pay for raw materials, basically working capital.
Why not long-term debt?
If you look at most Chinese companies listed here in the States — and it's astounding to someone from here — a company may be doing very well, but more often than not there's no long-term borrowing on the company's books. One guess [as to why that is so] is probably the Chinese mentality. When I was little, I was told borrowing was bad and that you should always have savings to cover your expenses. And if you look at the Chinese economy, for decades it has been around [a] 40 percent [savings rate]. In the United States, the savings rate increased a little bit, but I think it's still 1 to 2 percent. That's after an improvement, right. So I think it has something to do with the mentality — a habit, you know.
What has been your biggest leadership challenge as CFO?
I guess the biggest one has been to really bridge the gap between two business cultures. Being based here, I deal with U.S.-based investors as well as accountants, lawyers, and the market in general. There is a different way of doing business here, very different from the way business is done in China. And I'm sort of in the middle. I deal with both sides. It's probably a bit more challenging communicating the cultural differences in the United States to the China side. But it has also been challenging conveying the Chinese way of doing business to the U.S. investors.
For example, you ask about borrowing. U.S. investors kept asking me the same question over and over again: Why isn't the company taking on more borrowing? And why can't you as the CFO tell the CEO that it would make more sense for him to take on more borrowing? People think you can just tell a CEO to do that and he will listen. But that's just not the way a Chinese company is run. The CEO is the single largest shareholder in the company. Before it was listed here, this company was run as a family business. This again, is typical of Chinese companies. Most of them are family owned businesses or started out that way, at least.
So it's a very subtle balancing act for someone like me to try to address the issues and concerns from both sides and still make sure that the really important things get done at the end of the day. And that has been the most challenging aspect of this role.
My average .28 so we buy tomorrow
I got 15k at 3 today but need more
much much more to complete my position. I only hope I can fill in befor it launches.
Thanks Mick trying to build my position
Only hold about 1mil right now but will be building my position next week. I think we have a hot one here and will stay on for the ride. RRLB is complex and if you look at all the synergies this is one rocket about to launch. GLTA
Paradigm Info I posted earlier without address
Company Name: Paradigm Polymers, IncIs This Your Company?
Address: Macon, GA 31210-5709 (Map)
Alt Business Name:
Location Type: Single Location
Est. Annual Sales: $520,000
Est. # of Employees: 7
Est. Empl. at Loc.: 7
Year Started: 2004
State of Incorp: GA
SIC #Code: 8748
Contact's Name: Gary Gray
Contact's Title: President
NAICS: Other Management Consulting Services
Data above provided by D&B.
Solargy Systems Announces 2nd Solar Farm Project
in Florida
updated 4:25 p.m. ET, Tues., Feb. 24, 2009
FT. LAUDERDALE, FL - Solargy Systems Inc. (PINKSHEETS: SLGS) Managing Director (MD) Carl Nurse recently indicated certain developments at the company.
Solargy Systems Inc. is pleased to announce that they have received a signed letter of intent from Barron Properties to develop and install a solar farm utility site for the production of electricity via Solargy's branded solar panels. The site will be located in Wellington and the energy produced shall be sold pursuant to a power purchase agreement to Florida Power and Light for the term of no less than twenty years. The solar farm will consist of approximately 14,000 solar panels on the property and the interconnection of the solar units to the FP&L grid. The signed letter of intent for the solar panel installation is for $15,000,000.This project is in addition to a previously announced solar farm project in Chiefland, Florida.
"We are excited to move forward with our business plan and to expand our operations here in the United States. With the search for alternative energy sources and implementation of green technology in such high demand, we are pleased to begin showing Solargy's technology and cost saving benefits," stated C.E.O. (MD) Carl Nurse.
"Since we have refocused on the alternative energy industry, we have been aggressively pursuing contracts for projects whilst simultaneously looking for factory space to manufacture panels and the capital to start manufacturing. We have identified a building here in Miami and we have also identified a funding source who is interested in participating in the $100,000,000 manufacturing operation, subject to certain conditions," Mr. Nurse stated.
Mr. Nurse also added, "We are working on funding for our plant. We have also cleared some final issues with our proposed waste to energy facility and we expect executed documents and a bank guarantee very shortly. In the coming weeks we will release details of each project as we get executed documents. These projects have a total value of $180,000,000. As soon as we get a commitment from a lender for the funding for the manufacturing plant we will publish the details, but we have expressions of interest from a few entities and we are working to meet the conditions imposed."
Solargy Systems Inc. is a systems integrator of alternative energy technologies. Solargy Systems Inc. also is actively seeking power purchase agreements (PPA) and expects to secure PPAs in the months ahead. The technologies used will provide solutions to the high cost of energy in emerging markets by selling and installing small power systems ranging from 1 MW for large commercial applications to 20 MW and larger hybrid systems by using combinations of solar and wind or waste and solar. The combinations used will be determined by local conditions.
Outstanding buying op Next week she rocks!!!
Good Morning JAVA folks! Its Friday!
Small pullback today that darn DOW did it
The best thing IMO is PLLL will rise much faster than the market when she turns.
Great news! much more coming soon IMO
Board marks 57 and rising go JAVA!
Good morning wish I could stay home today
and watch the fireworks. I was off yesterday and bought this in the morning when i saw you guys talking this up. I think we see .40 and better today.
Will do workimg on 2 million shares
Have 750 k right now and building. I believe things will change for the best and we will do well to support him.
Nice post! Good things tomorrow
Not for JVDT!....
If you want to rock tomorrow look in. Setting up for a big run in the morning IMO
Well said CYPW ROCKS! IMHO
Too many big names into this for it to falter.
News forward will be positive for all. IMO
I have a rumor
If you do not want it please tell me
I am too old for that kind of stuff
UP 15% today! still working on IBOX
JAVA #4 on the board .25 EOD IMO
PIZZA i think we see 1.00 before FriIMO
Number 5 on the boards lets move it!
Here we go again ^^^^^^^
Picked up another 250k this morning
had a bid for 500k but it would not move so I cut it in half.
I might get some more later depending on the market.