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Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
EDS Newsletter Subscribers
As webmaster of Ericdavid.com I am letting you know that we have switched to another host in order to keep up with our expanding subscriber base.
If you were subscribing before the switch you should have received an email asking for confirmation of subscription, this is because our new host has a very strict anti-spam policy(which is good for everyone). If you have this email, please click the link to confirm your subscription if you haven't done so already. If you do not confirm your subscription you will not receive any further newsletters from us.
If for some reason you didn't receive the confirmation email or you are a new subscriber you can subscribe on our home page here. http://www.ericdavid.com/index2.php
We will have news out tonight on PWDR!
Thank you
Michael Weiss
Webmaster
Ericdavid.com
EDS Newsletter Subscribers
As webmaster of Ericdavid.com I am letting you know that we have switched to another host in order to keep up with our expanding subscriber base.
If you were subscribing before the switch you should have received an email asking for confirmation of subscription, this is because our new host has a very strict anti-spam policy(which is good for everyone). If you have this email, please click the link to confirm your subscription if you haven't done so already. If you do not confirm your subscription you will not receive any further newsletters from us.
If for some reason you didn't receive the confirmation email or you are a new subscriber you can subscribe on our home page here. http://www.ericdavid.com/index2.php
We will have news out tonight on AQUI!
Thank you
Michael Weiss
Webmaster
Ericdavid.com
Finally they changed their ticker! This is good news.
------------------------------
9.5 mil shares traded as ONMC shares rise 52% on Name and ticker change to AquaGold International, AQUI
Dear Readers,
Beginning on Friday March 28th, the ONMC you are all used to seeing is now going trade under the new ticker AQUI, representing AquaGold International. Shares of the Canadian Spring water Company surged up 52% on heavy trading volume of 9.5 Million shares.
The shares will continue trading on the automated PinkSheets sector until the audits and financial are completed.
I want to make it perfectly clear, quash and put to bed the rumors and that I am currently in China. "NOT TRUE" New Jersey is 1/2 a world away from China and I haven't even applied for a visa yet.
However, the AquaGold Executives will in fact be leaving for China on Monday but will meet with EDS starting tomorrow. These meetings will be to discuss the world wide investor awareness plan that I have put together in which I am ready move forward with on an immediate basis.
AQUI is a Company of substance, no fluff is needed here and my intent is to show this Powerhouse of a Company to every corner of the globe. I expect these meetings will last for two days so if you call my office and get the voice mail then leave a message and I will try an return the calls within 24 hours, the same with emails.
I will plan a Sunday Night Newsletter update with information on how the meetings went.
Until then stay well and may God bless you all.
Sincerely
Steven Weiss
Publisher
The Eric David Newsletter
10 Schalks Crossing Road
Plainsboro, NJ. 08536
609-529-3671
www.ericdavid.com
Please view the disclaimer for ONMC here
http://www.ericdavid.com/newsletter/disclaimer/ONMC.htm
Got another one in my inbox, just thought i'd update you guys.
----------------------------
Dear Readers,
I received a call today from Manuel Da Silva, CEO of AquaGold International (PINKSHEETS:ONMC) and was advised that China officials have summoned him to meet with the Olympic Committee for an emergency meeting early next week. I have absolutely no details of what this meeting is all about but its definitely not to talk about who won last nights Yankees game. Doesn't take a rocket scientist to figure out what this is all about!
I am even more excited to report that EDS has been granted an official invitation to Shanghai China for exclusive meetings and interviews with Chinese officials regarding AquaGold International and the China fresh water scarcity problem. We told you that EDS would bring in a world wide investor awareness campaign and what better way then for me to travel to the other side of the world and get "exclusive" on the spot AquaGold International Interviews direct from China. I am going to make sure that every investor on every corner of this great Earth hears about AquaGold International.
Manuel Da Silva thinks big and his dream is about to come true. I just wish there was life on Mars because they need water too, or so I heard.
Oh yes one other thing, Manuel advised me that NASDAQ administration office contacted the AquaGold International SEC Attorney and the new name and ticker change is now on the fast track.
I wish everyone a very warm and safe Holiday Weekend.
Regards
Steven Weiss
Publisher
The EricDavid Newsletter
EricDavid & Sons, Inc
IR / PR for AquaGold International
10 Schalks Crossing Road
Plainsboro, NJ.08536
609-529-3671
www.ericdavid.com
Please view the disclaimer for ONMC here
http://www.ericdavid.com/newsletter/disclaimer/ONMC.htm
Hey just got this in my inbox, looks like you guys are right on the money. Looks like the company is getting busy and ready to move to another exchange.
Check this out.
----------------------------------------------
Dear Readers,
Tonight's inspirational quote:
Stock Prices are based on current information "YOU HEARD THIS FIRST HERE ON EDS"
Our Sunday night Newsletter edition was delayed because we were waiting for this very exciting AquaGold International news to become official.
AquaGold International (PINKSHEETS:ONMC) is pleased to announce that they have retained Mendoza Berger & Company LLP as their CPA for purposes of completing audited financials. The objective is to provide our investors reliable and up-to-date financial information upon which to base their investment decisions relative to AquaGold International. Mendoza Berger will assist AquaGold International in qualifying for listing on the OTCQX or AMEX.
This prestigious CPA firm has been in practice for 25 years and on September 25,2007 GOV. Arnold Schwarzenegger appointed Henry Mendoza as a member of the California State University Board of Trustees.
OTHER AQUAGOLD INTERNATIONAL NEWS
As many of you know, on March 13th, EDS held and sponsored an investor meeting in NYC with Manuel Da Silva, CEO of AquaGold International. 9 investors attended and were addressed and impressed with the 2 hour presentation along with a Q&A period.
MR. Da Dilva and EDS would personally like to thank everyone who made it their business to attended and that we are honored to have such professional and astute investors as shareholders.
Have a great night
Steven Weiss
Publisher
The EricDavid Newsletter
609-529-3671
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Hey Mick I just got this in my inbox, its the current Powder River Newsletter for March/April. Maybe you want to post it in the iBox?
Here it is.
----------------------------------------------
Dear Readers
The attached link has the official March/April 2008 PWDR Newsletter.
http://ericdavid.com/files/NEWSLETTERpwdr-3page-FEB08.pdf
Regards
Steve Weiss
IR for PWDR
Please view the disclaimer for PRVB here
http://www.ericdavid.com/newsletter/disclaimer/prvb.htm
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Mick i see you have been following Powder River closely. I just got this in my inbox. What are your thoughts?
Dear Readers,
Read this article my answer to it is on the bottom.
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NEW YORK (MarketWatch) - Energy stocks fell as crude hit $106 a barrel for the fist time on Friday, as the broad market fell the Fed's move to boost liquidity in the banking business and a worse-than-expected report on U.S. non-farm payrolls for February.
Crude futures hit a fresh record of $106.54 a barrel on the New York Mercantile Exchange, and traded at 106.26 in recent action. See Futures Movers.
The Amex Oil Index (XOI) dropped 1% to 1,372, with components BP (BP) off a penny to $63.75 and Chevron (CVX) subtracting 2% to $86.04.
Sector leader Exxon Mobil (XOM) fell $1.49 to $83.02.
The Amex Natural Gas Index (XNG) reversed earlier gains and fell 0.3% to 599. El Paso (EP) rose 2.6% to $16.22 and Southwestern Energy (SWN) gave up 3.4% to $63.24.
The Philadelphia Oil Service Index (OSX) skidded 1.8% to stand at 276. Component Weatherford (WFT) subtracted 2.3% to trade at $68.40.
Among movers, Baker Hughes (BHI) said its worldwide rig count for last month rose to 3,417, up 121 from January 2008 and up 65 from February 2007. Shares fell $1.20 to $68.55.
National Oilwell Varco (NOV) dipped 1.9% to $61.28. The company said the Justice Department granted early termination of the waiting period under the Hart-Scott-Rodino Act of its pending acquisition of Grant Prideco Inc. (GRP) , shares of whci traded fractionally lower.
StatoilHydro (STO) announced an oil and gas find in the Barents Sea. U.S.-listed shares of the Norwegian oil firm fell about 1% to $30.34.
A bigger loser was fuel tanker firm Aries Maritime Transport (RAMS) , shares of which fell 10% to $5.65.
The company said it's reviewing strategic alternatives that include the possibility of a sale or a merger, while its chief financial officer resigned to pursue other interests. Aries Maritime's also considering a temporary suspension of its quarterly dividend, and the company said it's in discussions with lenders regarding its revolving credit facility.
Weekly losses in sector
The Amex Oil Index is trading well below its week-ago close of 1,420.75 in a tough week for stocks overall. The gauge recently traded at 1,386.
The Amex Natural Gas Index closed at 604.3 a week ago, close to its level of 603 in recent action.
The Philadelphia Oil Service Index ended at 280.2 last Friday. It's trading at 277 in recent action.
--------------------------------------------
So readers are you going to fall into the mind games of the Market Makers and sell all your energy stock positions? That's exactly what the Market Makers want you to do, Why you ask? Because they control the prices on every stock in every sector in every exchange. So what are you going to do when the Market Makers decide its time to push this sector higher? And we all for a fact that the will because they are the ones buying all the cheap shares waiting for investors to chase to the Moon.
If your new to the EDS newsletter then please note that we cater to Bottom Feeders, we love Bottom Feeders for its our Bottom Feeder readers that buy low and sell high.
Enough said.
Regards,
Steven Leonidas Weiss
Publisher
The EricDavid Newsletter
609-529-3671
Please view the disclaimer for PWDR here
http://www.ericdavid.com/newsletter/disclaimer/prvb.htm
These guys are the hottest micro cap stock pickers on the internet. Looks like they see the same thing you see. Looks like double digits on the way. Check it out, good choice.
http://www.ericdavid.com/newsletter/mailer/onco012808.html
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February Company of the Month
EricDavid & Sons, Inc rates Oncology Med, Inc (PinkSheets: ONCO) "Aggressive out perform Strong Buy"
(PINKSHEETS: ONCO)
Shares Authorized 200Mil
Shares Outstanding 61Mil
Est Public Float 25Mil
52 week high $1.28
52 week low $0.009
January 28th closing price $0.034
Dear Readers,
I came across two very nice public companies which are both in the very same business of Radiation Therapy Services Centers. The only thing different is that one company is a giant in this field and the other is a start up. The amazing thing about these two companies is that they are the only public companies in this sector. Radiation Therapy Services (NASDAQ:RTSX) currently trading at $27.32 had been a monopoly the only public company in the industry. RTSX did $100million in revenue for their 2nd QT earning a net income of $10Million. Now get a load of this, on Oct 19, 2007 Vestor Capital Partners agreed to acquire RTSX for a whopping $32.50 a share a deal worth $1.1 Billion dollars.
Now comes along our little unknown gem in the exact same medical field doing the exact same thing as RTSX. Oncology Med, Inc (PINKSHEETS: ONCO) This beauty of a Company has already secured two million dollars in Contracts and is aggressively expanding their Radiation Therapy Services Centers in PA and OH. Could this little baby become the very next RTSX? Well that’s why EDS profiles, follows and brings you these unique Companies which in fact can become the next Wall Street darlings. When you read this Company Profile, I am sure that you will see what we’ve discovered for you in an undervalued situation.
Oncology Med, Inc. is a public company engaged in the fulfillment of a variety of services related to the treatment of various cancers. We currently provide analysis and design of radiation treatment plans in order for radiation oncologists to administer various radiation treatment plans to cancer patients. Our services facilitate radiation treatment programs ranging from external beam radiation to more advanced radiation treatment technologies.
Our mission is to be a pioneer in the advancement of the treatment of cancers. We plan on growing our business through acquisitions in addition to the organic growth of our subsidiary, Comprehensive Physics and Regulatory Services (“CPRS”).
CPRS has pioneered the use of the internet for clinical radiation oncology treatment planning. The service was commenced over ten years ago in an effort to provide cost effective treatment planning by smaller radiation/cancer centers through the sharing of expertise and resources. Medical records including MRI and X-Rays are sent over the internet which allow our staff of physicists and dosemitrists to turn around a fully developed treatment plan in less that 24 hours.
Today our clients range from world class cancer treatment centers to local and regional cancer treatment centers. We have continued to grow in the scope of our services offered and in the geographical areas served, supporting over 25 radiation oncology centers from Florida to New England. Expansion opportunities exist both domestically and internationally.
Our team consists of industry professionals from many countries around the world. We leverage our experience through collaboration, professional development, training and technology. Our organizational structure is comprised of Physicists, Dosimetrists, Radiation Oncologists, Medical Technologists and Medical Business Consultants.
William J. Walker, Ph.D., CHP , PE
Chairman of the Board
Dr. Walker is Chairman of the Board of Oncology Med. Inc., and is President and Chief Executive Officer of Comprehensive Physics & Regulatory Services, Ltd. (“CPRS”). Dr. Walker is a medical physicist with over 40 years of clinical practice, research and program management. He holds a B.S. in Civil Engineering from the Virginia Military Institute, an M.S. in Radiation Biophysics from the University of Kansas, and a Ph. D. from the University of Florida in Environmental Engineering (Medical Physics). He is certified by the American Board of Health Physics, licensed by the State of Florida as a Therapeutic Radiological Physicist and is a registered professional engineer. Dr. Walker retired from the U.S. Air Force in 1978 as a Lt. Col. And was the Chief of Medical Physics for a major USAF Medical Center. Following his retirement from the Air Force, he headed the US Nuclear Regulatory Commission’s medical and academic licensing program and later was the Radiation Safety Officer and Program Director for the National Institute of Health, the largest such program of its kind in the world. He is the author of numerous papers on medical and health physics and a corporate officer and member of the Board of Directors of Advanced Oncology Network, Inc. Dr. Walker is additionally a member of the Boards of Directors of Eureka Cancer Treatment Center, Ltd. and Universal Healthcare Management Systems, Inc.
G. Stephen Brown, M.D., FACR
Dr. Brown is a Professor of Radiation Oncology at the University of Texas M.D. Anderson Cancer Center in Houston. His professional activities are dedicated entirely to peer review and standard applications in Cancer treatments. He received his B.A. in zoology from U.C.L.A. and his M.D. from the University of Ottowa Faculty of Medicine in 1963. After serving a general rotating internship at Cedars-Sinai Medical Center in Los Angeles, he began a 4 year residency in radiation oncology. The first year was at the Cedars – Sinai Medical Center, Los Angeles, CA. The remaining three years were at the Penrose Cancer Hospital in Colorado Springs, CO. The final five months were at the Puerto Rico Nuclear Center in San Juan, Puerto Rico.
After achieving board certification in Therapeutic Radiology from the American Board of Radiology in 1968, he entered practice at the University of Vermont. He served in the U.S. Army Medical Corps at the rank of Major from 1969 to 1972 where he served as Chief of Radiation Therapy and Chief of Nuclear Medicine, Honolulu, Hawaii. He returned to the University of Vermont as Director of Radiation Oncology through 1977. He wss in private practice of radiation oncology from 1977-1990. He was a consultant to the Cancer Department of the World Health Organization from 1990 – 1991. From 1992-1993 he was Associate Director, Division of Cancer Treatment, Radiation Research Branch at the National Cancer Institute. From 1993-1995 he served as Medical Director of Oncology Services Corporation. Since 1995, he has been the Associate Director for Radiation Oncology at the UT M.D..
Mitchell Jarosz, M.S., DABR
Mr. Jarosz received his BS in physics from Duquesne University and attended the Carnegie Mellon Institute for his MS in Radiological Physics. He worked as a staff physicist at St. Francis Medical Center, Pittsburgh, PA for 16 years where he gained experience in commissioning and maintaining various types of radiation therapy equipment,. His experience includes beam data collection, entry and commissioning of treatment planning computers including: ADAC, Multimedia, CMS and Medicalibration PC#D. He is experienced in performing diagnostic calibrations on various x-ray systems including R/F, CT (GE, Elscint, Siemens and Picker), dental ultrasound and mammography units. He has established quality assurance programs and physics protocols for a number of centers for a variety of treatment modalities. He has held course of instruction in diagnostic radiology and nuclear medicine for residents and technologists.
I’m sure you enjoyed this read and that you agree we are on to something great. Keep a look out for our text interview with the CEO next week.
Regards,
Steve Weiss
Publisher
-------------------------------------------------------
Please view the disclaimer for ONCO here
PinkSheets are safe haven!
According to the newsletter the major markets are getting crushed but the pinksheets are going higher will this be the pinksheets bull run?
Hey everyone, hope most of you are subscribing to the EricDavid newsletters, some good stuff coming out of there. (you can subscribe on their homepage on the left) http://www.ericdavid.com
--------------------------------
Dear Readers,
>
> I am very pleased to advise that Aquagold International, Inc (PINKSHEETS:ONMC) has now filed all the meger papers with the state of Nevada and has applied for the new CUSIP number and official name change. Therefore our Speculative Strong Buy Rating of Nov 13 2007 has now changed to a "Strong Buy Rating" and is efective upon the open of trading on January 24th 2008. We have also submitted our questions for our 2nd text CEO Interview and expect to have them answered before weeks end. This "Stong Buy Rating" is our first for any Pink Sheet Issue in our 9 years of writting this Financial Newsletter.Over the past 4 weeks I have been watching the trading on ONMC and several other PinkSheet issues and have been very impressed with the results I have seen. I have gained a new respect for the Pink Sheets with the way they have automated their market and attracting many new International Multi Billion Dollar Companies such as BASF,Adidas and Roche Holdings just to name a few to their OTCQX. With the major USA markets in turmoil I feel its best that AquaGold International continues to trade on the Pink Sheets Market where there is stability in the market place.
> I want to take this time to thank our loyal readers for their patients during the quiet period.I also want to congratulate our readers who are currently up some 400% in thier investment.
> Please feel free to email or call. Remember the hotline is 609-395-0807 and not the Corp EDS number.
>
> Warmest Regards
>
> Steve Weiss
> Publisher
> The EricDavid Newsletter
> steveweiss@ericdavid.com
I just got this in my inbox from EricDavid.com (you should subscribe its free.)
----------------------------------------
Millennium Cell
(Nasdaq:MCEL)
EricDavid & Sons Text Interview with Millennium Cell.
President Adam Briggs
Dear Readers,
As promised here is tonights text CEO interview with Millennium Cell. It is not Science fiction it is real, I was there in person, I saw the products. They are real and they are beautiful. Great read below on a great new Technology that will change the world.
EDS: Please explain the advantages of a hydrogen battery vs. traditional.
Adam Briggs: There are several differences between hydrogen batteries and traditional battery chemistries. First, because the chemistry contained in our hydrogen batteries has a higher energy density than most battery chemistries, hydrogen batteries can deliver 2 – 3 times more runtime in the same size or weight of traditional batteries.
Also, the amount of energy in hydrogen batteries can be easily customized depending on the needs of the device it powers. For a traditional battery to supply energy for a longer time, the size of the entire sealed battery system must increase. A hydrogen battery system sized for a particular power can supply energy as long as it is refueled, keeping the size of the power module constant.
On a cost basis, the cost of obtaining additional energy from a hydrogen battery is simply the cost of the fuel. The cost of additional energy when using traditional primary batteries is that of purchasing more batteries, which can be many times the cost of the fuel. Generally speaking, the chemicals that provide the energy for hydrogen batteries costs only about 1 cent per watt hour as compared to the 15-20 cents per watt hour that consumers pay for alkaline batteries.
Finally, a hydrogen battery can be “recharged” virtually instantaneously by supplying additional fuel; traditional battery recharging can take considerably longer, and is impossible in the absence of an auxiliary source of electrical power.
EDS: At the Consumer Electronic Show (CES) you announced the completion of the HydroPak portable power generator. This generator uses disposable cartridges activated by water. Can you give us more technical specifics on the generator such as what chemicals are used within the cartridge and the average wattage it can output?
Adam Briggs: The $400 generator provides 25 watts of continuous power, with peak power capability of 50 watts for 10 minute bursts. The $20 disposable/recyclable cartridges that fuel the generator utilize Millennium Cell’s proprietary Hydrogen on Demand® technology and will be shipped with dry chemicals in the sealed cartridges. Our chemical formulation includes sodium borohydride and other chemicals which when activated by water can provide approximately 270 watt hours of energy and is non-flammable below 500 degrees Celsius.
The HydroPak™ generator provides a safe, clean and quiet alternative to lead acid batteries and generators for consumers who require emergency or remote power for their small electronic devices and lighting appliances. We are very excited about the value proposition of this product.
EDS: When will the HydroPak be in production? How much will it and its cartridges cost and what will be the desired market for them?
Adam Briggs: The HydroPak is scheduled to be in production in late summer 2008. This timing is based on the expected process for achieving Underwiter’s Laboratory listing as a safe device. The generator is expected to be sold at retail for $400 and disposable/recyclable cartridges will sell for $20 each.
We believe this product will be very attractive for emergency, recreational and remote power applications. For instance, for apartment dwellers in disaster prone locations (where hurricanes and earthquakes are common), this generator can provide clean, quiet power and long run times to ensure power for critical portable devices such as cell phones, computers, portable lighting and televisions during outages.
We also believe first responders, campers, construction and surveying professionals among others will be very interested in this product.
EDS: Are there any dangers associated with hydrogen fuel cells?
Adam Briggs: No, this is one of the differentiating attributes of Millennium Cell’s Hydrogen on Demand® technology. The system generates hydrogen only when needed and the liquid fuel is not flammable or stored under pressure. Like any other chemical solution, it should be handled with care but our fuel is safe when used appropriately. The fuel cell in the system that converts the hydrogen to electricity cannot deliver dangerous high currents or thermally runaway as Lithium Ion batteries can.
EDS: Is a hydrogen battery environmentally friendly?
Adam Briggs: Yes, this is contains no environmentally dangerous components. After the hydrogen cartridge is discharged a by product remains that is a blend of minerals called Borates which are commonly found in the world’s oceans and soils. Consequently, these by products are approved for disposal by consumers along with their other household waste and do not need special handling. However, these materials are also used as a feedstock for the production of fiberglass and pyrex. Therefore, recycling of large quantities is a likely evolution.
EDS: On the technology overview page of your website you state that “a hydrogen battery provides instant recharge”. Can you define instant recharge and how it works?
Adam Briggs: When the HydroPak fuel cartridge is depleted, the user can insert a fresh cartridge and immediately will have 270 watt hours of energy at their disposal. This is an advantage over rechargeable batteries which sometimes require as long as several hours in order to recharge and they also require the grid to be online. Because the HydroPak cartridges are inexpensive at $20, we expect many consumers will choose to store more than one extra cartridge to ensure uninterrupted power for their devices during an emergency or in recreational use.
EDS: Do you believe in the future we might see rechargeable hydrogen fuel cells where the user could add water and electricity to replenish the hydrogen themselves?
Adam Briggs: Reversible fuel cells are definitely possible but it is unclear when and if they will be practical and economical for use in many applications.
EDS: What consumer devices (cell phones, laptops) do you plan on making fuel cells compatible with and what will be the advantages versus the consumer batteries used today?
Adam Briggs: Fuel cells are just like batteries and therefore are compatible with just about any device they are designed for. One interesting advantage of fuel cells over batteries is their ability to maintain a constant voltage as long as they have hydrogen. What this means is you could power a flashlight with a fuel cell and there will be no change in the brightness of this light even when down to the last few seconds of hydrogen supplied. With batteries, a major problem is that voltage will decay as the battery is discharged so that same flashlight will grow dimmer and dimmer as the battery is used until the battery cannot even provide the minimum amount of voltage required for the light to turn on. The implication of this is that people will never be able to get all the energy out of a battery before their devices stop working well.
EDS: How did this relationship with Singapore based Horizon Fuel Cell develop?
Adam Briggs: Horizon Fuel Cell recognized that Millennium Cell had the best hydrogen storage technology available for portable applications and decided that they wanted to develop products based on their fuel cells and our hydrogen technology. Therefore, they licensed our technology in August 2007.
When the two parties began working together, we realized quickly that the combination of our technologies and our engineering teams was very potent and wanted to work more closely together. In order to facilitate a closer collaboration that shares the benefits and costs of developing products, we decided to exchange $5 million of equity in one another in October 2007.
Since then, we have been working on the HydroPak and are excited to launch this product in the second half of 2008.
EDS: Horizon Fuel Cell owns 12% of your outstanding shares. Do you feel that they will continue to buy more shares of MCEL and increase their position?
Adam Briggs: We believe there are many ways for our relationship to grow. There are no current plans to exchange further equity but it is possible in the future. We certainly would consider increased investment from Horizon, they have been a fantastic partner thus far.
EDS: When we spoke last week you mentioned that MCEL will be using the Horizon Fuel Cell Shanghai China manufacturing facility for both the MCEL products along with the Partnership products. Can you tell us why the Company would rather use a China facility vs a Domestic facility?
Adam Briggs: Most rechargeable batteries are made in Asia and in order to compete on a cost basis, it is a requirement that we manufacture offshore. One of the main knocks on fuel cells is that they have traditionally been much too expensive to bring to consumers. This product will be different and will make people’s lives better. Of course, being a US company we would prefer to manufacture here but Horizon has already made investments in manufacturing and has proven it can make high performance, inexpensive products and we are relying on their experience to get a product to market quickly. Millennium Cell may choose to manufacture products in the US in the future, particularly for the US military.
EDS: The NASDAQ has sent the Company a notice of non compliance with the $1.00 bid rule. Do have a deadline date in which the 180 day time limit expires for you? Will you ask the NASDAQ for a hearing date if the Company is still in non compliance after this period?
Adam Briggs: Our intention is to retain our listing on NASDAQ to maximize the liquidity of our investors’ investment. We are not in a position at this time to make further statements about this process other than we will take whatever steps are necessary to achieve this goal.
EDS: We want to thank you both this insightful interview. We will be in contact with you again for more updates in the near future
Adam Briggs: My pleasure, thanks for the opportunity to share our enthusiasm around our upcoming HydroPak product launch later this year and to educate your readers about the advantages of our hydrogen batteries in general.
Interview Conducted by EDS Princeton Technology Consultant Michael Weiss and EDS SR Market Analyst Steven Weiss.
Please view the disclaimer for MCEL here
I think this is what you were waiting for. Look at those production numbers!
--------------------------------
Dear Readers,
As I have been telling you for weeks "First and foremost" "Stay the course" Fundamentals work in hot markets sectors.I assure you Oil & Gas stocks will be running in a hot sector again and in the short haul. And now hear this, "Powder River Petroleum International (OTCBB:PWDR) purchased an additional Texas "Oil" Project. Approximately 1780 acres in a prolific oil and gas producing field with multiple pay zones in Baylor County, Texas. I spoke with the CEO and have been advised that the projects nine shut in wells and three injection wells are predominantly Oil.The reserve study currently indicates that proven uncertified and undiscounted estimated to be worth approx 14 Million Dollars in black gold, Texas Tea Revenue. But wait there is more! The Company is in negotiations to acquire an additional 2 other fields in Baylor County. PWDR will be sending their new owned drilling Texoma Oilfield Services Inc out to Baylor County immediately.
Baylor County Texas has a long history of being rich with Oil, in fact 57,407,711 barrels had been taken from Baylor County lands since discovery in 1924.
So just how many barrels do these shut in wells hold? At $100 a barrel or more.
Sellers beware, the Market Makers will decide when to pull the trigger and run this long and depressed Oil and Gas sector to highs we have not seen in many years. The Market Makers are a greedy bunch and play a very nasty game of dirty pool and poker. They encourage selling so that they can leave you in the dust and buy your shares cheap. This is a perfect market for Oil & Gas stocks to make a run for higher ground and when it starts there will be no stopping, not for the long term for patient investor who buys low and sells high.
Have a good night
Regards
Steve Weiss
Publisher
The EricDavid Newsletter
www.ericdavid.com
steveweiss@ericdavid.com
609-529-3671
DO NOT REPLY TO THIS EMAIL
Please view the disclaimer for PRVB here
http://www.ericdavid.com/newsletter/disclaimer/prvb.htm
I just got this in my inbox, maybe you want to change the iBox.
---------------------------------------
Dear Readers,
"The state of your life is nothing more than a reflection of your state of mind."
Exploring for opportunity in the new $100 Oil sector.
Powder River Petroleum International (OTCBB:PWDR)
Shares Outstanding: 148 Million
Public Float approx 47 Million
Jan 4, closing price .$0.17
52 week range. .09 - .365
www.powderrivergascorp.com
Rating: Aggressive Buy. Undervalued
Powder River Petroleum International PART ONE
Investing in a bad market environment is easy if you stick with Company sector fundamentals. We are all aware that Banks are in trouble, retailers are wounded and builders could soon be bust.
Lets face facts, only the oil Companies seem to be making money selling fuel that consumers will continue to buy at any price.But what about the cheap share prices? As for Energy stocks in 2007, they haven't come anywhere close to reflecting oil prices at $100 a barrel.Valuations remain very low, including Super Oils such as Chevron Corp that trade at barely one times sales.
So you think its too late to profit from the Oil price surge? Not if you look domestically and at some Micro Cap Oil Stocks that currently remain unnoticed by the Street and many investor alike. This sector of the Market is sure to catch on fire soon, as it always does during times of horrific Stock Market Conditions.
With that said I feel PWDR is going to get major attention in the short and long term and is ready to surge!
Powder River Petroleum International (OTCBB:PWDR) after many changes in 2007 is now totally reorganized with a new name, new drilling Company and new Board members to reflect a new and powerful International Oil & Gas Company for 2008 and beyond. Several months ago the Company attracted the Former Minister of the Alberta's Economic Development, MR. Jon Havelock to the Board of Directors. MR. Havelock was also the Former Attorney General for Alberta and was Legal Counsel with Amoco Canada Petroleum Company in Calgary. I personally met MR. Havelock and spoke with him in length about the future of PWDR and I am not only impressed with his Canadian connections but also with his knowledge of the Canadian and Alberta Oil Sands Industry.
PWDR is already a profitable Company earning 5.7 Million Dollars on 13.6 Million Dollars in Revenue for the first 9 months of 2007. This equals a remarkable .04 EPS even after a summer revenue setback due to flooding rains in the Powder River Texas Oil fields.
The Company is led by MR. Brian Fox who joined as CEO of PWDR in 2004 with investing multi millions of his own Personal funds to turn this Company into the earnings giant it is today. Now its time for the shares to follow suite and investors of PWDR have lots to be excited about as many news items and press will be forthcoming.
2008 promises to be the ideal environment to make PWDR flourish.
We will be updating this story as the weeks and months go on.
Have a great night
Regards
Steve Weiss
Publisher
The EricDavid Newsletter, Inc
steveweiss@ericdavid.com
609-529-3671
Please view the disclaimer for PRVB here
http://www.ericdavid.com/newsletter/disclaimer/prvb.htm
Got some more news in my mailbox, hope your getting it too!
-----------------------------------------
Dear Readers,
SatCon Technology Corporation (NASDAQ:SATC) sets new 52 week high of $2.50 on 4.6 Million shares trading hands.
On Sunday Night December 30th we gave you our January Stock pick of the month highlighted with an aggressive buy rating at $1.64. And now today, January 3rd, after only 4 days of trading these shares have risen almost 70%. Not only that but SATC traded 4.6 Million shares today on absolutely no news. Today's Volume is the highest this issue as seen since June 2005. Yes that's absolutely correct
"TWO AND A HALF YEARS"
Its all about the fundamentals.
#1:We told you about the bad stock market conditions and what industries will thrive and survive .
#2:We told you about the two multi billion dollar fund managers backing the stock and now sitting on the SATC Board Of Directors.
#3:We told you why this Presidential Election year will be hot for certain Alternative Energy Stocks.
#4:Our due diligence on the Company. Massive comparable revenues along with major cuts in losses.
Ladies and Gentlemen, its all posted here at http://www.ericdavid.com in black and white. You don't have to be a short seller to make big money during bad market times and inflation. I REST MY CASE.
So what's new here at EricDavid & Sons,Inc?
Our pick the Dow Jones contest had an enormous response. Someone is going to win the $200 which will be announced on Saturday. We will be running another contest this weekend. The prize is going up again so don't miss out.
Oil is flirting with $100 a barrel. I just filled up my Van and maxed out my credit card. The price at the pump is unbelievable! Interesting how so many of these Domestic Oil & Gas stocks are in slumps. If only these baby Micro Cap Oil & Gas stocks would start a new trend and take off then maybe dishing out large at the pumps will make it less stressful on the pocketbooks.
Well I think its time for the Market Makers to let go and pay for our trips to the pumps. So with this said, if we can't buy our gas cheap then might as well but Gas Stocks cheap. Heck $100 a barrel Oil in my opinion will look dirt cheap a year from now.
So, we will have a profile out Sunday Night featuring a relatively unknown Domestic Oil and Gas stock... Maybe an unknown at this writing but a soon to be a house hold name? Stay tuned
Will be in touch over the weekend
Regards to all
Steven Weiss
Publisher
The EricDavid Newsletter
EricDavid & Sons, International
609-529-3671
steveweiss@ericdavid.com
Please view the disclaimer for SATC here
http://www.ericdavid.com/newsletter/disclaimer/satc.html
Just got this in my inbox, looks promising.
---------------------------------------------------
Dear Readers,
Our January 08 Stock pick of the Month, SatCon Technology Corporation
(NASD:SATC) matched its 52 week high today @ $1.84 on 381,000 shares of
trading doing so on a horrendous day for the NASDAQ markets or for that
matter almost any Market. These shares are already up .20 cents since our
aggressive buy recommendation came out on Sunday Dec 30th at $1.64
For your convenience, we have attached the profile again so that everyone
can get an idea of the kind of powerful investors SATC has behind them. We
also want to point out that the two equity funds in our report, "RockPort
Capital Partners" and "NGP Energy Technology Partners" now sit on the SATC
board of directors.
Regards to all.
Steve Weiss
Publisher
The EricDavid Newsletter
609-395-0807
steveweiss@ericdavid.com
The ONMC share price Explosion:: EEEI completes $18 million Private Placement
I hope you are all subscribing to Eric David newsletters! I did a few months back and it is how I found this wonderful ONMC. They never stop posting positive news on our favorite.
go to http://www.ericdavid.com to subscribe. (on the left)
-----------------------------------------
Dear Readers,
Be who you are and say what you feel, because those people who matter won't mind and those who mind don't matter.
What a fantastic day for our readers with ONMC up a whopping 58% today on record breaking volume of 12.2 Million shares of trading to close at .12 which is another in a daily series of new all time highs.EricDavid Newsletter readers are now up 435% from today's high since our coverage began on November 12th. I think that last nights newsletter woke up many sideline investors some who have never invested in a Pink Sheet Issue. Our strong buy rating continues and many congrats to our readers. Much more to come here.
I want to congratulate Electro Energy Inc, (NASDAQ:EEEI) on today's $18 Million dollar Private Placement of securities to The Quercus Trust Fund. Gross proceeds to EEEI totaled 8.1 million dollars I also would like to thank vFinance Investments who acted as placement agents. These proceeds along with The Quercus Trust as a strategic investor in the Company should lead to significant commercial revenue for the Company in 2008.
Today's share price drop of 20% is very normal with this kind of news. The market always shrugs and sells on dilution news, but remember folks this Company has very few shares outstanding of 28 million along with an 18 million share public float.If these shares had 100 million outstanding I would still love it and continue an Aggressive Buy Rating .I also feel this liquidity is desperately needed and that many more investors will be finding this stock in the near future making this an excellent time to look at these shares at .83
Have a good night,
Regards to all
Steven Weiss
Publisher
The EricDavid Newsletter
http://www.ericdavid.com
Please view the disclaimer for ONMC here
http://www.ericdavid.com/newsletter/disclaimer/ONMC.htm
Please view the disclaimer for EEEI here
http://www.ericdavid.com/newsletter/disclaimer/EEEI.htm
EDS Newsletter from tonight.
--------------------------------------------------
Dear Readers,
It's not them, its you.
It's not there, its here
It's not then, its now.
You know many financial newsletters put out so many company promo's that they loose track of most. No updates, no real interest just a bunch of new turkeys with no flavor. Well here we are with two stocks with flavor and in favor. Here we are again yet with another fantastic day for our readers. ONMC up 14% to another all time closing high of .076 that's a 220% gain for our readers since our profile on November 12th.I absolutely love the steady accumulation of these shares, it really is a thing of beauty! Many of my followers have contacted me saying "but Steve this is a Pink Sheet Stock its oh so risky"! I say risky? Tell that to my other readers who are already up well over 200%. Get real folks, how do you expect to make big returns in this market without taking a risk? For your info, The Pink Sheets markets celebrated their 101 year anniversary this year. It is fully electronically automated and thousands of Companies trade on this exchange.
Bottom line ONMC is currently and by far hands down the hottest China play in any market. Our Strong buy rating continues! And don't forget about the ONMC contest, you have until 11.59PM est. to submit your entry to www.ericdavidinc@gmail.com Someone is going to win this very nice $100 Home Depot Gift Card, why not you?
Our other beautiful gem of a pick EEEI closed well over $1.00 for the 2nd day in a row. NASDAQ requires 10 days in a row of closing over $1.00 in order to get the delisting notice lifted. Come on, 8 more days to comply... Piece of cake! And so is the 220% gains our readers are up. Our Aggressive buy rating continues.
Have a wonderful night.
Regards
Steven Weiss
Publisher
The EricDavid Newsletter
Please view the disclaimer for ONMC here
http://www.ericdavid.com/newsletter/disclaimer/ONMC.htm
Please view the disclaimer for EEEI here
http://www.ericdavid.com/newsletter/disclaimer/EEEI.htm
EDS ONMC Newsletter
--------------------------------------
Dear Readers,
Remember this, " A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort"
People create their own bad karma and hence bad energy flows and radiates to others. We are all connected electrically and the positive and negative forces are always around. It really is very much like the Star Wars movies. As for me I have learned how the dark side works and I am ecstatic to say I have them pinned in a corner.
So I read that ONMC AquaGold has already delivered their first shipment of Canadian spring water to China! No wonder why the shares closed at an all time high of .067 that's a 185% gain for our readers in less than 4 weeks. Folks, this is just the very beginning, I assure you that were going to hear lots of news about AquaGold in the near future.Were continuing our Strong Buy Rating until further notice and we don't care if its on the orange or the purple let alone the pinks!
So on Friday EEEI was trading on the after market at $1.06
which gives our readers a 207% gain since our Nov 5th Aggressive buy rating was put out. The Company will hold its Annual Meeting Of Shareholders on Friday December 14 at 10AM est. and it will be very interesting what they have to say. We will continue with our aggressive buy rating on EEEI until further notice.
So in closing, we have two Wall Street Darlings, both at the same time. Try to find that with another Financial Newsletter service, yes go knock yourself out!~
Have a nice Evening
Regards
Steven J. Weiss
Publisher
The EricDavid Newsletter
-------------------------------------------------------
Please view the disclaimer for ONMC here
http://www.ericdavid.com/newsletter/disclaimer/ONMC.htm
Please view the disclaimer for EEEI here
http://www.ericdavid.com/newsletter/disclaimer/EEEI.htm
Win $100 Home Depot gift card, EDS Contest with ONMC closing price!
-----------------------------------------------
This weeks contest.(ONMC) AquaGold Water International
Dear Readers,
Do you like shopping Home Depot? I hope so, I was there this morning and purchased a Janitorial size Mop Ringer along with several Do Not Enter Signs. While checking out with the cashier I saw a $100 Home Depot gift card staring straight in my eyes saying "please buy me." How could I resist, the poor thing was all alone so what the heck I gave the cashier $100 and its sitting right here next to my computer while I write this.
Ok, this $100 Home Depot gift card needs a good home so if you would like to adopt it then please send your guesses for what you think the closing share price of ONMC will be on Friday December 14th to ericdavidinc@gmail.com
In order to be eligible, you must enter your name, address and phone number and be a subscriber of the The EricDavid Newsletter if your not a subscriber then here is the link http://www.ericdavid.com The earliest dated closest guess wins, however there will be a consolation prize In the event of ties.Only 1 entry per subscriber. This contest is not valid for Eric Daivid Weiss family members or for EricDavid & Sons, Inc employees or consultants.Your entrees must be forwarded to ericdavidinc@gmail.com with your name address and phone number. All incomplete entrees will be disqualified. This contest closes Monday December 10th at 11.59 PM est.
The winners name and city will posted.
Our Sunday evening Newsletter will again feature ONMC, its gonna be a Jaws of a Newsletter so stay tuned.
Good luck to all.
Steven J. Weiss
Publisher
The EricDavid Newsletter
http://www.ericdavid.com
Please view the disclaimer for ONMC here
http://www.ericdavid.com/newsletter/disclaimer/ONMC.htm
EricDavid contest winners.... anyone here win?
----------------------------------------------
Dear readers,
The 4pm December 7th closing price for EEEI was .95 but that's for the regular trading market. Since EEEI is a NASDAQ stock it also traded in the after hours market and closed at $1.06 and since I didn't state after market price closings I have made a corporate decision and all fairness to others to announce 2 winners. One for the regular market close and the other for after market close. Both winners will receive a $100 Best Buy Gift card.
Here are the winners
Corey Mouton
Rockwell TX
Mike Hensley
Gainesville, FL.
Corey wins for his guess of .855
Mike wins for his guess of .96
Many Congrats to our two winners
The closing price of $1:06 is the highest close for EEEI since July.
Our contest for the new trading week involves a different Company.And remember if your not a subscriber to our newsletter then you are not eligible to enter any of our contests.. Stay tuned
Regards
Steve Weiss
Publisher, The EricDavid Newsletter
The winning never stops with this guy, whats his next pick gonna be? I know you must have the information. If so let me know.
-Good Luck
--------------------------
"A Bonanza" "The Jackpot" "The Mother Load" EEEI & ONMC
Dear Readers,
When it comes to buying stocks just remember this quote
"Winning isn't everything - its the only thing"
That's correct and our readers who are up 212% in 4 short weeks with our November pick (NASDAQ:EEEI) Electro Energy Inc are saying just that! That's correct EEEI toped out at $1.11 today which is a 212% gain since our November 5th "aggressive buy recommendation"
And I still think the shares are still too low. What do you think? Why don't you take a guess at what you think the Friday Dec 7, 2007 closing price will be and win a $100 Best Buy gift card. Submit your entry now or get shut out, ericdavidinc@gmail.com contest closes tonight 11.59 pm est. time.
Total Volume today 669k shares
Now onto our next winner which I call my JAWS our Great White shark pick, (PinkSheets:ONMC) AquaGold International Inc.
These shares busted out at the open today and smashed its all time high of .05 by topping out at .063. This is a 140% gain since our November 5th Profile. Our interview was a smash hit, our e-mails are full and so are our voice mails. I feel that the short term and long term potential for this Company is bigger and better than ever ,and that the share price is still very low compared to what the Company expects for future earnings so our strong buy rating continues.
Total Volume 7.3 mil shares
Oh and by the way, Market Makers are on the run. "Jaws is on the loose."
Regards
Steven Weiss
CEO /Publisher
The EricDavid Newsletter.
609-529-3671
Please view the disclaimer for ONMC here
http://www.ericdavid.com/newsletter/disclaimer/ONMC.htm
Please view the disclaimer for EEEI here
http://www.ericdavid.com/newsletter/disclaimer/EEEI.htm
Got the interview! "Strong Rating" This is great.
-------------------------------------
Dear Readers,
Remember a dead fish can float downstream, but it takes a live one to swim upstream.
That statement pretty much sums up the entire Stock Market. Our new December Company of the Month of December is not only alive a but a Great White Shark of a stock. I call ONMC my "JAWS" pick ready to attack the Market Makers in only the way a Great White can. "crush and grind them"
Get ready China, your drinking water worries will soon be history!!!! This AquaGold Water interview will give you the full story. I love it....and its already up 100% since our Profile of November 12th we here at www.ericdavid.com feel that this is just the beginning and have given the shares a strong buy rating.
Best of luck to all.
Follow the link to the interview.
http://www.ericdavid.com/newsletter/mailer/onmc120307.html
Sincerely
Steven Weiss
CEO / Publisher
Please view the disclaimer for ONMC here
http://www.ericdavid.com/newsletter/disclaimer/ONMC.htm
Stock contest EEEI, Win a $100 BestBuy gift card. This is from the company that is going to send out the ONMC interview tonight.
Here is the link
http://www.ericdavid.com/newsletter/mailer/eeei120307.html
Did you submit your guess? I did! I like free stuff.
http://www.ericdavid.com
---------------------------------
Dear Readers,
Now that the Holidays are upon us, we have decided to start several stock contests. We will run this contest as a trial during every weekend in December and should it become a popular item then we will continue into 08.
So here we go. Whoever can pick the December 7th closest closing price of EEEI without going over will win a pre paid $100 Best Buy Gift Card which I just bought this Morning.
You have until 11:59pm Monday December 3rd to submit your guess to ericdavidinc@gmail.com ONLY! You must include your name, address and phone number for verification purposes only. The winners Name and City will be announced upon final verification.
This Contest is open for EricDavid Newsletter subscribers only. Only one entree per subscriber. Contest is not open for any Family members of Eric David Weiss. In the event of a tie the earliest submitted e-mail guess will win the $100 Best Buy Gift Card. Consolation prizes of $25 Best Buy gift Cards will be given to the other winning ties.
Duplicate entrees will be null and void.
Good Luck all
Steven Weiss
Publisher
The EricDavid Newsletter
Why is this board dead?
Another EDS Newsletter, looks like they are coming out with an interview soon, exciting.
-------------------------------------------------
Dear Readers,
I just got home from the frozen tundra where I heard some very sweet music to my ears, but that's a topic for another Company at another time, well at least on our Newsletter.
I have a sweet reading CEO interview from ONMC which will be published tomorrow night. Its ever so exciting that we have decided to make it our spotlight Company of the Month of December. The shares are up 100% since our profile of November 12, 2008 closing yesterday at .045 on about 6 Million shares of trading or just a 1/2 cent below its all time high of .05
Piece of cake!!!!
Stay tuned....
Steve Weiss
Publisher
Please view the disclaimer for ONMC here
http://www.ericdavid.com/newsletter/disclaimer/ONMC.htm
Another news story on the pipeline came out today. All rumors about APXR are confirmed. This is a Monster in the making!!
http://www.chron.com/disp/story.mpl/headline/biz/5343623.html
Just got this in hot off the EricDavid newsletter, looks very good.
----------------------------------------
101% GAINS in 4 weeks as EEEI tops out at .67
Dear Readers,
Well what can I say except I told you so and to congratulate those who jumped in our little EEEI for a fantastic 101% gain in a short four weeks. But you know what? These shares are still dirt cheap in my opinion. Delisting notice from the NASDAQ still give this until March 31,2008 to comply with the $1.00 bid rule. So that's approximately 120 days to get these shares to bid $1.00 or higher for 10 consecutive days.
Please, that's a cinch!
Just to let you know that I got in my car and took a nice drive up to Danbury CT to meet with Electro Energy's CEO & CFO and tour the facility.I really thought I was going to some dinky factory but to my surprise the place was huge! Maybe 25 employees all hard at work.The factory was clean and immaculate, you could have eaten off the floor. Talk about their battery technology! I have never seen anything like it. Theses guys have a 100k SQ Foot facility in Florida and another facility in Colorado In my honest opinion the EEEI battery is the best in the world. I am not going to bore you in details so read it here http://www.electroenergyinc.com but will assure you that the Company is very busy.
After the tour I went to see my childhood friend for lunch, Jimmy (the beast) Mcelhone. His brother, Vincent Mcelhone. also a childhood friend couldn't make it for lunch as he is a door to door plastics salesman who moonlights as a Stand Up Comic. http://www.vincentmcelhone.com I love the guy like a brother I never had, but in all honesty the guy's a hack!
Have a good night folks.
Steve Weiss
CEO & Publisher
The EricDavid Newsletter
Please view the disclaimer for EEEI here
http://www.ericdavid.com/newsletter/disclaimer/EEEI.htm
-----------------------------------
I got this in my inbox today.
------------------------------------------------------
Dear Readers,
Congrats to those that have invested in EEEI, your way up on this investment. I have been telling readers for the past two months that we were onto something huge with our little EEEI. On Friday the shares topped out at .57 intra day to close at .51 on 310k shares traded. What else would you expect when you get funding of $2 million dollars from the department of defense? Yes and we sent our alert out on Thursday Night so if you missed the news here it is again.
http://money.cnn.com/news/newsfeeds/articles/marketwire/0329490.htm
How can anyone not love this story? And at this price? This has Wall Street Darling written all over it.
Personal Regards
Steve Weiss
President & SR Market Analyst
The EricDavid Newsletter, Inc
Please view the disclaimer for EEEI here
http://www.ericdavid.com/newsletter/disclaimer/EEEI.htm
Why don't you answer him? Check this out.
------------------------------------------------------
EEEI gains 17.56% as big tech sell-off helps stocks slide for fourth day
What can I say? We just have the magic touch here.
Electro Energy (NASDAQ:EEEI) here we are up 7 cents today to .46 on 367k shares traded. That's a 17.56% gain for the day.The shares are up over 50% since our November profile of the month @ .33 just 6 trading days ago when the NASDAQ was over 250 points higher. We are very excited about the short and long term future of this Company and hope you all are too!!!
The Company we profiled last night (PINKS:ONMC) had an ok day closing up 1/10th of a cent to .025 or 4.17% on 1.85 Million shares traded. The volume today was 400k shares higher then the stocks 10 day average which is not bad for a Canadian Company trading on a Canadian holiday let alone on Veterans Day here in the good ole USA. I feel tomorrow will show more progress as we will be conducting a text CEO interview during this week and yes I will ask what the tradable float is out of the approx 250 million shares. I feel that after our interview is published and disseminated that reader speculation will diminish as I have never seen a Pinkie issue with such potential as this. This in my opinion maybe one of those rare 10 baggers we all dream about.
As always "stay the course" look for the beaten down stocks with great fundamentals, for its those investors that have patients who reap the rewards.
Regards All
Steve Weiss
Publisher, The EricDavid Newsletter
609-529-3671
http://investing.reuters.co.uk/news/articleinvesting.aspx?type=hotStocksNewsUS&storyID=2007-11-12T210824Z_01_L30571950_RTRUKOC_0_US-MARKETS-STOCKS.xml
Please view the disclaimer for EEEI here
http://www.ericdavid.com/newsletter/disclaimer/EEEI.htm
Please view the disclaimer for ONMC here
http://www.ericdavid.com/newsletter/disclaimer/ONMC.htm
I think this is going places tomorrow, check it out.
---------------------------------------------------------
EEEI gains 17.56% as big tech sell-off helps stocks slide for fourth day
What can I say? We just have the magic touch here.
Electro Energy (NASDAQ:EEEI) here we are up 7 cents today to .46 on 367k shares traded. That's a 17.56% gain for the day.The shares are up over 50% since our November profile of the month @ .33 just 6 trading days ago when the NASDAQ was over 250 points higher. We are very excited about the short and long term future of this Company and hope you all are too!!!
The Company we profiled last night (PINKS:ONMC) had an ok day closing up 1/10th of a cent to .025 or 4.17% on 1.85 Million shares traded. The volume today was 400k shares higher then the stocks 10 day average which is not bad for a Canadian Company trading on a Canadian holiday let alone on Veterans Day here in the good ole USA. I feel tomorrow will show more progress as we will be conducting a text CEO interview during this week and yes I will ask what the tradable float is out of the approx 250 million shares. I feel that after our interview is published and disseminated that reader speculation will diminish as I have never seen a Pinkie issue with such potential as this. This in my opinion maybe one of those rare 10 baggers we all dream about.
As always "stay the course" look for the beaten down stocks with great fundamentals, for its those investors that have patients who reap the rewards.
Regards All
Steve Weiss
Publisher, The EricDavid Newsletter
609-529-3671
http://investing.reuters.co.uk/news/articleinvesting.aspx?type=hotStocksNewsUS&storyID=2007-11-12T210824Z_01_L30571950_RTRUKOC_0_US-MARKETS-STOCKS.xml
Please view the disclaimer for EEEI here
http://www.ericdavid.com/newsletter/disclaimer/EEEI.htm
Please view the disclaimer for ONMC here
http://www.ericdavid.com/newsletter/disclaimer/ONMC.htm
Wish i knew about this one last week when it was under 2 cents. Looks like u boys could have a 10 cents stock in the short term. I will buy if i can get under 3 cents. GLTY
You guys still following Joes Jeans?
I think its undervalued, what do you think?
I just got it, you guys found yourself a winner.
(PINKS:ONMC) Cashing in on China's Demand for Clean Water
Dear readers,
I have come across a company involved in a china water play. The company is Pink ONMC and the new name of the company is AQUA GOLD INTERNATIONAL INC.
although very speculative at 2.4 cents a share my reasons for profiling are as follows.
Clean water is scarce in China. Economic expansion has led to water sources being squeezed at both ends: Not only is demand rocketing from agriculture, industry, and an increasingly wealthy population, but supplies are shrinking because of unchecked pollution.
A study by the Asian Development Bank found that 60% of China's 669 cities suffer water shortages, and nearly half of the country's 800 million farmers have no access to safe drinking water.
"Water is going to be a major problem for China in the coming years," David Arthur, Shanghai regional manager of environmental consultancy ERM, told China Economic Review in October.
As if on cue, massive outbreaks of algae erupted across China's major freshwater lakes this summer. Lake Tai, which borders the city of Wuxi near Shanghai, was covered in bright green algae sludge that thrived on the pollutants being dumped into the water by chemicals factories. The situation got so bad that the city had to cut off water supplies for days.
The government has long realized the scale of the problem. It started a major policy push, under the 11th Five-Year Plan, released in 2005, to increase the country's supply of clean water. This includes boosting efficiency and raising wastewater treatment standards.
Please find the attached profile for Aqua Gold international. There is a large float of approximately 250 million shares so liquidity is not a problem, however expect heavy trading along with extreme price volatility. Get ready for lots of action.
Regards
Steve Weiss
Publisher
Eric David Financial News Letter
---------------------------------------------
AQUA GOLD INTERNATIONAL INC. is a Canadian Corporation distributing and exporting its proprietary brand of premium natural spring water. Since the company’s inception, the South-Pacific region has been the focus of our operations. The area’s extremely fast growing demands and the creation of Aqua gold Asia a Chinese corporation, have allowed Aqua gold International to establish a prominent position in the Chinese market.
As a result, Aqua gold International is poised to respond to the world’s fastest growing market in bottled water industry over the next five years. Currently, Aqua gold International is delivering its largest orders to date. In order to fulfill the growing demand in a responsible fashion, implementation of elements to increase production capabilities and expand the supply network through its current acquisitions is well underway. Recent nominations of high profile elements to Aquagold International’s board of directors and marketing team have followed both in Canada and in China.
ABOUT OUR WATER
Aqua Gold’s proprietary brand of spring water called "AQUA GOLD" is bottled on a Native Reserve, the Mohawk Nation Territory of Akwesasne in Canada by Iroquois Water Ltd.. The production facility is 56,000 square feet with an adjoining 72,000 square foot warehouse. The manufacturing facility is equipped with the most technically advanced, fully integrated Krones high-speed bottling line easily expandable to multiple bottling lines. The bottling process is fully automated thereby preserving the integrity and quality of the finished product.
Aqua Gold International’s manufacturer, Iroquois Water Ltd., has been recognized by Wal-Mart, the Canadian Bottled Water Association (CBWA), the International Bottled Water Association (IBWA), and the National Sanitation Foundation as a superior quality producer, notably receiving a very high score on the Wal-Mart plant inspection and receiving awards for quality and excellence in manufacturing from the CBWA. The water is described as being of premium quality and it is extracted from two sources: Rouge River in Calumet, Quebec being the primary and Adirondack conservation area surrounded by 1000 acres of mature forest in Chateauguay, New York. The spring water is sodium free and has a very low fluoride content of only 0.05 ppm for both sources. Its pH value is perfectly balanced at 7.2 pH, which is equivalent to that of the human body.
The water is considered to be very responsive to current taste trends and meets all government quality standards, including those of the American Food and Drug Administration (FDA). FDA’s standard for Total Dissolved Solids for spring water is 500 mg/L, however, the ideal level for the most acceptable taste to the consumer is between 100-200 mg/L. The spring water has a TDS of 170 mg/L for the Chateauguay source and 160 mg/L for the Bell Falls, Quebec source. Both sources of the water are confirmed to be reliable to produce natural spring water with consistency for a virtually indefinite period of time.
Aqua Gold International, Inc. has completed a two-year distribution contract via the delivery of 5 million cases of its premium bottled water in the Asia-Pacific region. http://www.aquagoldinternational.com/asiancontract.html
For the past two years Aqua Gold has developed a solid and trustworthy relationship with its Chinese distributor, which has a well-established distribution network and is very familiar with the bottled water industry in China.
The Company has spent the last four days negotiating a second distribution agreement with its Asian-based partners and anticipates closing the contract this week. The contract involves the distribution of a significant number of cases over the next five years that will capitalize on the huge demand in the Asia-Pacific bottled water market. Management will inform its shareholders of the agreement's terms and conditions as soon as the final documents are completed.
As stated in the Market Overview provided by The Ministry of Agriculture and Agri-Food Canada, the lack of clean, potable water in China has created a desperate need to generate alternative water sources. The Overview also states: "Approximately two-thirds of Chinese cities face water supply shortages. Sixty percent of the rivers flowing through urban areas are polluted. These realities have created an enormous and growing demand for bottled water. Sales have increased, and will continue to increase to meet consumer demand. It is projected that China will be one if not the world's fastest growing markets over the next five years."
In addition, the 2008 Olympics in Beijing will create an even greater demand for bottled water. In Beijing Review, China's National English Weekly, the city has received negative publicity for its shortage of water resources and chronically water-short Beijing is said to seek out elaborate plans to accommodate an extra 2.5 million temporary residents and to guarantee their water supply.
About Aqua Gold International, Inc.
Aqua Gold International, Inc. ("Aqua Gold") is a Canadian Corporation involved in the marketing and distribution of premium natural spring water. Aqua Gold's proprietary brand of natural spring water called "AQUA GOLD" is produced in Canada and bottled on a Native Reserve, the Mohawk Nation Territory of Akwesasne. The Company's mission to establish a prominent position in the worldwide bottled water market and, in particular, become one of the best-selling brands of bottled water in the Asia-Pacific region.
Aqua Gold's manufacturer has been recognized by Wal-Mart, the Canadian Bottled Water Association (CBWA), the International Bottled Water Association (IBWA), and the National Sanitation Foundation as a superior quality producer. Aqua Gold's standards of excellence far surpass our competition. We recognize that the consumer is looking for safe, good tasting water and we strive to deliver exactly that. Aqua Gold is committed to producing the best quality, purest tasting natural spring water available on the market. We select our spring water sources according to internal standards. These standards are far more stringent than the US Food and Drug Administration (FDA's), the CBWA's and IBWA's.
For more information on Aqua Gold International, Inc. please contact CEO and Chairman Manuel Da Silva at (514) 886-9079 or visit the Corporate website at www.aquagoldinternational.com.
Management
Manuel DaSilva
Co-Founder – Chairman and CEO
Manuel DaSilva is a Co-founder of Aquagold International Inc. and acts as the Company’s Chief executive Officer and Chairman of our board of directors.
Mr DaSilva with his strong private sector experience specializing in mergers and acquisitions, startup companies, public company consulting and international trade. His participation was essential to the success of Aquagold International and he has put his global vision and profound business knowledge into company philosophy.
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Daniel Sauvé
Co-Founder – Chief Financial Officer
Daniel Sauvé is a Co-founder of Aquagold International Inc. and acts as the Company’s Chief Financial Officer.
Mr. Sauvé has been involved in the water bottling and distribution industry for more than 15 years. His five years of hands on management experience in water plants has set the foundation of our vertically integrated operations. Mr. Sauvé’s knowledge has been a huge asset in all facets of our operations including international sales and management.
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Paul A. Taillefer B.A., M.D.,C.S.P.Q. (opht), F.R.S.C., (C)
Co-Founder – Director
Dr. Paul A. Taillefer is a Co-founder of Aquagold International Inc. and acts as Director of International sales.
During his 40 year career as Doctor Opthalmologist, Dr. Taillefer served as Director on boards of many corporations. Including Kazuko LTD., LJT inc. (Building management), Avitec International, and Trillium Water S.A. In addition, Dr.Taillefer is involved in the management of several humanitarian operations, is the co-administrator of a humanitarian fund helping in Africa. Dr Taillefer is the founding president of Avitec International, a company that assists civil authorities of implied countries to guarantee and maintain the airworthiness of aircrafts operating over its territory.
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Marc-Olivier Hassoun
Co-Founder - Executive Vice-President
Marc-Olivier Hassoun is a Co-founder of Aquagold International Inc. and acts as the Company’s Executive Vice-President.
Mr. Hassoun is a young entrepreneur with strong management experience in the food and beverage industry. Mr. Hassoun has proved to be an asset to the company’s daily operations since its inception. As a younger man, Mr. Hassoun’s discipline and work ethic earned Canada a Gold Medal at the XIII Panamerican Games in 1999 in Men’s Sabre team fencing.He has studied Political Science and Law at University of Montreal.
CONTACT INFO
Aquagold International
830 boul. Ford 404-A
Chateauguay, Qc, J6J 4Z2
info@aquagoldinternational.com
TEL. 514 886-9079
Aquagold is AN ACTIVE CANADIAN FEDERAL CORPORATION:
http://strategis.ic.gc.ca/cgi-bin/sc_mrksv/corpdir/dataOnline/corpns_re?company_select=6588271
Corporation #6588271 BN #849872924RC0001 Corporation Name(s): AQUAGOLD INTERNATIONAL INC.
SEC Filings:
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001410502&owner=include&count=40
Aquagold's Chinese Import License + Chinese Trademark Import License
http://www2.marketwire.com/mw/frame_mw?attachid=616868
http://www2.marketwire.com/mw/frame_mw?attachid=622367
AQUAGOLD International has a strong and ongoing relationship with Iroquois Water LTD.
The companies have been collaborating together to achieve the accomplishments in China.
http://biz.yahoo.com/iw/071029/0321172.html
Aquagold's Partner/Bottler: Iroquois Water Ltd.
http://strategis.ic.gc.ca/app/ccc/search/navigate.do?language=eng&portal=1&subPortal=&estblmntNo=234567058777&profile=completeProfile
Iroquois and Cott (NYSE:COT) recently had a partnership:
http://finance.yahoo.com/q?s=cot
http://findarticles.com/p/articles/mi_qa3718/is_200202/ai_n9050822
DD/Posts of Interest:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24179413
-------------------------------------------------------
Please view the disclaimer for ONMC here
http://www.ericdavid.com/newsletter/disclaimer/ONMC.htm
Wow i just got this in my email this is a great financial news letter that does mostly NASDAQ stocks. Stating they are going to do a newsletter tonight on ONMC. This must be a pretty darn good company for them to be profiling a pink. I can't wait to see it!
----------------------------------
Dear Readers,
The subject line speaks for itself. How did our little Nasdaq issue EEEI gain 20% for last week while the heavy high tech laden NASDAQ Market? I don't even have to speculate why.. This beautiful Company has been beaten and punished by the Market long enough and investors who have been read our two recent interviews with EEEI are very aware of the real value of this Battery Technology. If you missed reading these interviews then I suggest you take a few minutes and read them carefully so you know what your missing out on.
http://www.ericdavid.com/newsletter/mailer/eeei101607.html
http://www.ericdavid.com/newsletter/mailer/eeei110407.html
Stay the course with fundamentals folks, do your own due diligence with the common sense to buy low, and sell high with the patients and resources to wait out the slumps.
Tonight's featured Company "Omninet Media.com, Inc" (PINKS:ONMC) will be out in a few hours.
Regards
Steve Weiss, Publisher
The EricDavid Financial Newsletter
http://www.ericdavid.com
-------------------------------------------------------
Hey Everyone
I got a new interview in my mailbox, check it out.
Electro Energy Inc.
(NASDAQ: EEEI)
EricDavid & Sons Text Interview with Electro Energy Inc.
CEO Michael Reed
Dear Readers,
We had such a wild ride with our October Company of the Month EEEI that I am making them the Company of the Month of November. This is our first back to back pick of the Month since our newsletters began some 8 years ago.
The shares were profiled for October at .33 and the stock ran to .53 in a matter of just 2 weeks and here we are again profiling at .33 for November. I feel the Company is going to get a real pair of legs this time and make its move. This Company in my opinion has 10 bagger written all over it. Why you ask? Read the attached interview and I am sure you will agree that we are on to something huge.
1. Who is Electro Energy, Inc. (EEI)?
EEI: EEI is a developer and producer of advanced rechargeable batteries and related systems. Through its proprietary wafer cell technology and domestic high volume cell manufacturing EEI has positioned itself to meet the short-term and long-term energy storage needs of the present and emerging transportation, consumer, stationary markets, and military markets.
2. What is the wafer cell technology?
EEI: The wafer cell is a unique, patented flat packaging concept for rechargeable battery cells that EEI has adapted to the NiMH and Li-Ion chemistries. It has the advantage of reduced weight and volume through the elimination of bulky inter-cell connections. A wafer cell battery system is approximately 25% smaller than competing systems.
3. How do your NiMH batteries differ from conventional proven NiMH technology?
EEI: EEI’s wafer cell NiMH, operates in a bipolar configuration when stacked in a battery module. This results in more effective packaging, with reduced weight and volume, as well as increased power capability. It utilizes the conventional NiMH chemistry and therefore is able to take advantage of proven electro-chemical technology developed by the industry over the past 20 years.
4. How does the ability to leverage the existing known technology help Electro Energy bring its product to market?
EEI: When NiMH technology was first introduced there was a significant learning curve to develop the chemistry to optimize the cell performance. With the optimization that the industry has been able to produce there is little need for exhaustive research. Our need is simply to adjust the available options to work well in our design. We are making excellent progress in that area.
5. What is the present status of the wafer cell NiMH and Li-Ion product development?
EEI: EEI presently has a contract with the Department of Energy, through Sandia National Laboratories, to develop a distributed energy stationary battery system to be used by utility companies. By the end of the contract, EEI will be delivering a 600 V, 13 kWh Inverter battery system using the wafer cell bipolar NiMH. The unit will be delivered and tested by the Electric Power Research Institute (EPRI).
Electro Energy has also developed an aftermarket hybrid electric vehicle to plug-in hybrid electric vehicle conversion kit. The present design utilizes a wafer cell NiMH battery, which will be followed by a next generation wafer cell Li-Ion design. EEI is pursing funded demonstration and conversion programs and strategic relationships within the automotive industry.
EEI has also had contracts with the US military to develop wafer cell NiMH and Li-Ion battery technologies for aircraft technologies for various applications.
EEI is in the process of building prototype modules and systems to various customers for evaluation.
6. What are you doing to facilitate and accelerate movement from the Product Development activities to commercial production of wafer cell NiMH and Li-Ion products?
EEI: The purchase of the manufacturing facility in Gainesville provides infrastructure to support establishing electrode production lines, and battery assembly operations in concert with our Lithium Ion capability. We are moving rapidly to put the necessary resources in place.
7. Discuss the status of the Gainesville manufacturing facility.
EEI: The production equipment is operational and the output is being evaluated through our internal testing, certification, and qualification process. Samples are being prepared for shipment expected in the near future to target customers for their testing, certification, and qualification.
8. What are the company plans?
EEI: Initially we expect the 18650 rechargeable lithium ion cell market will result in a revenue stream of good size, gradually ramping up to a full pant capacity of 3 million cells per month. At the same time, EEI will continue the development and commercialization of the wafer cell technology, focusing on emerging large format applications, such as the rapidly growing transportation market. In addition to utilizing funds from revenue, government and commercial development programs, and demonstrations, this effort will require additional funding, which we expect to secure.
9. What has gated the progress of Electro Energy to date and what will gate progress going forward?
EEI: The answer is the same to both questions. We need to obtain sufficient funding to support gathering the right resources for enough time to become successful without having to slow down work as we raise capital.
10. EEI recently participated in the Green Transportation Expo in Washington, D.C. Discuss the event and the exposure that EEI got from it.
EEI: The Green Transportation Expo was well attended by multiple companies in the electric vehicle market, including scooters and bikes, small automobile makers, and large OEM automotive companies. EEI made many contacts within these groups identify potential customers for both NiMH and Li-Ion batteries. The event was also attended by congressional personal and aides, as well as media.
Certain statements in this interview may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this interview, including, without limitation, statements regarding potential future plans and objectives of the companies, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include, among other things, the following: general economic and business conditions; competition; unexpected changes in technologies and technological advances; ability to commercialize and manufacture products; results of experimental studies; research and development activities; changes in, or failure to comply with, governmental regulations; and the ability to obtain adequate financing in the future. This information is qualified in its entirety by cautionary statements and risk factors disclosure contained in certain of Electro Energy Inc.’s Securities and Exchange Commission filings available at http://www.sec.gov.
I just got this update on in my mailbox for an EEEI Interview, the CEO actually states that the shares will be well above a $1 before 180 days. This read is absolutely huge i hope they come out with a press release on it.
That facility in Florida is going to be a MONSTER!
Here is the link
http://www.ericdavid.com/newsletter/mailer/eeei101607.html
Electro Energy Inc.
(NASDAQ: EEEI)
EricDavid & Sons Text Interview with Electro Energy Inc.
CEO Michael Reed
Eric Davis & Sons (EDS): How does your bipolar nickel metal hydride (NiMH) battery work?
Michael Reed (MR): EEEI’s patented technology (9 US and 11 foreign) utilizes a stack of anode, separator and cathode between metallic current collectors, sealed to prevent loss of electrolyte or gases, assembled into wafer cell with the surfaces of the current collectors accessible for electrical contact. The battery is made up of a stack of these wafer cells, similar to a deck of cards, to achieve the required battery voltage. There is no need for the tabs or small parts that are required for intercell connection in conventional cylindrical or prismatic cells to make the intercell connections in a bipolar wafer cell. The current path through the bipolar wafer cells and batteries is much shorter than through conventional batteries, resulting in lower resistance, reduced heating and improved electrical efficiency. The battery is controlled with voltage, temperature and pressure sensing to maximize performance. The design is very compatible with highly automated manufacturing processes to improve quality, reduce labor content and reduce cost.
EDS: What are the advantages of your bipolar battery design when compared to the conventional design?
MR: Our patented bipolar wafer cell technology provides a smaller, lighter, more powerful and less costly battery for large format applications.
EDS: Tell us about your Super Nickel-cadmium (Ni-CD) batteries.
MR: Electro Energy’s Super NiCd batteries provide very high power and reliability for the most demanding military applications such as starting the Cobra, Apache and Kiowa helicopters for the US Army. It is also used in aerospace and satellite applications that require proven high reliability for many years of service.
EDS: What government/private companies do you currently have contracts with?
MR: Sandia National Laboratory of the Department of Energy, US Air Force, US Army, Lockheed Martin and EaglePicher.
EDS: You are currently extending your wafer cell technology to the Lithium-Ion battery which is very popular among consumer electronics and are sometimes considered superior to NiMH batteries because they do not suffer memory effect and have a low loss of charge when not in use. When will these new batteries be available and are there any new applications for them other then what you’re bipolar NiMH batteries are being used in?
MR: We have acquired a high volume manufacturing plant in Gainesville, Florida to produce lithium ion batteries. Initially we will be producing an industry standard 18650 cell which will provide a short term revenue opportunity for the company to as much as $100 million. This same facility has excess electrode production capacity that can be utilized for bipolar wafer cell battery production. We are working with the US Army, US Air Force and Lockheed Martin on military applications for our advanced lithium ion wafer cell batteries. We expect our Gainesville facility, the only high volume manufacturing facility of its kind in North America, to be our high volume production facility.
EDS: What do these new Lithium-Ion batteries mean for the future production of your bipolar NiMH batteries and your overall goals as a company?
MR: We believe there will be different applications that will require both NiMH and Li-Ion chemistries. Both chemistries are environmentally friendly and will have differing value propositions for customers. Safety concerns for lithium ion chemistries will need to be fully addressed before it will be used in many large format applications.
EDS: Are there any new breakthroughs you would like to share with us and what are your prospects for the future growth of the company?
MR: In 2006 we acquired a major manufacturing facility in Gainesville, Florida. The facility was originally built by Energizer at a cost of over $100 million. We are completing the refurbishment of this facility and will be producing lithium ion batteries for military and commercial applications. We are in a facility start-up and product qualification phase that should be completed in 2007 Q4 with revenue contracts in 2008 Q1. The facility is outfitted to produce 18650 batteries which have a worldwide market of over 800 million cells per year and for which there is a current shortage. We hope to take advantage of this opportunity and then introduce our wafer cell batteries to large format applications. Initial focus will be on military applications as a foundation. We expect to expand into other markets such as automotive hybrid and plug-in hybrid vehicles, trucking auxiliary power, power hand tools, lawn and garden tolls and industrial and utility applications.
EDS: How much cash is on hand and how do you plan on raising additional capital to finance your products?
MR: At the end of Q3, September 30, we had about $1 million in cash including restricted cash earmarked for interest payments on the $9.9 million outstanding under our secured convertible debenture. We are in the market now to restructure our existing debt and to bring in additional capital to complete commercialization of products in our Gainesville, Florida facility.
EDS: Last month you received a NASDAQ deficiency notice for not maintaining a $1.00 bid price required for continued listing. Do you feel them giving the Company 180 day to bring the share price above $1.00 again is in the cards? How do you expect to achieve this goal and will you request a hearing from NASDAQ asking for more time?
MR: Our current share price has been heavily influenced by our debtholders selling stock we have delivered to them in lieu of cash payments for the $1.1 million principle repayment due on August 1, 2007 and our semiannual interest payment due September 30, 2007. These payments required a total of over 2.6 million shares. Our share price has been driven from about $1.25 to a low of $0.25 and is now recovering. We expect to return to well above $1 before the 180 day deadline.
EDS: Your shares outstanding as of your last Q was under 25 million shares. Do you see any dilution of new shares from financing and if so how many shares will be outstanding?
MR: Our debt terms required a principle repayment of $1.1 million on August 1 and a semiannual interest payment of about $ 0.4 million on September 30. To conserve cash we paid both these payment with over 2.6 million shares of EEEI stock taking our outstanding shares to over 26 million shares. It is likely that there will be some additional shares required for the restructuring of our existing debt and to complete our new financing.
EDS: Last but not least, do you feel the shares are undervalued?
MR: I believe our shares are significantly undervalued due to the selling pressure from our stock payment to the bondholders, uncertainty regarding our current financial restructuring efforts and the timing of revenue from our Gainesville facility. As we announce our progress in these areas in the near future, I believe our share price will begin trending to more a more appropriate valuation.
Thanks for your time and we wish you and Electro Energy all the best now and in the future
Please view the disclaimer for EEEI here
http://www.ericdavid.com/newsletter/disclaimer/EEEI.htm
I just got this in my mailbox, publisher states company's book value is $.80 a share and the shares are trading $.33 per share. I have read this over and it looks very promising.
TAKE THE BULL BY THE HORNS AND FACE THE SITUATION
A Diamond in the rough
October 07 Company of the Month.
Electro Energy Inc.
(Nasdaq: EEEI) Date: 10/01/2007
Price: $.33 Rating: AGGRESSIVE STRONG BUY
As of:10/01 /2007
52-Week Range: $.25 - $ $1.98
Shares Outstanding: 24.4M Public Float 17.8M
Book Value .80
Company Description:
Electro Energy Inc. develops rechargeable batteries for a broad range of high power applications. The company’s technology is distinguished by its ability to make battery cells that are significantly lighter, smaller and more powerful than other battery products that use the same chemistry. This is accomplished through a unique and patented bipolar design. The advantages of this flat-wafer cell design allows more flexibility as the company’s battery cells can be stacked on top of each other and made into any shape, making them applicable to a wide variety of military and commercial applications. This design also provides more efficient packaging of battery chemistry that results in superior cost and performance advantages compared to conventional batteries. The company’s products are currently designed to advance existing nickel-metal-hydride (NiMH) and lithium-ion (Li-ion) battery chemistries. Electro Energy targets customers who have special needs for specific, high performance batteries, including the U.S. military for communications applications, the transportation industry for hybrid cars and various segments of the consumer products market.
.
• The company continues to position its Gainesville facility in Florida to become a major supplier of advanced batteries to the domestic markets. Management noted that small batches of the lithium-ion batteries are currently being produced and the company is shipping sample 18650 cylindrical cells to targeted customers with the anticipation of initial orders being placed in Q3 and Q4 of this year. Our view is that once these orders show up in EEEI’s financial statements, they would serve as a strong validation of the company’s current business plan of becoming a major domestic supplier of advanced batteries, especially to the defense markets.
Electro Energy’s new relationship with the powerhouse Lockheed Martin based on a research & development project of a high-altitude airship that can initially be used by the military for surveillance purposes. EEEI is working together with Rutgers University to develop a high energy battery cell that incorporates the advanced materials being developed at Rutgers with the company’s unique bipolar wafer cell design. Relationships and collaborations such as this one can pay off handsome dividends in the future as they may open new doors for commercial orders of company’s batteries. Still, this is an early-stage project and as such we have not incorporated its potential effects into our income statement model at this time. Nevertheless, it is worth keeping an eye on in the future.
Benchmarks to Monitor:
- Initial start-up of Gainesville manufacturing activity with management providing status of internal samples being run for lithium-ion batteries
2 nd Quarter 2007
-Roll-out of the 18650 lithium-ion battery cells to the military for radio communications
4 th Quarter 2007
- Updates pertaining to company’s success of retrofitting nickel-metal hydride batteries to convert hybrid cars into plug-in hybrid electric cars
Ongoing
- Further insight regarding the company’s status in the utility infrastructure market and its relationship with the Department of Energy
- Announcements of continued funding from SBIR and other government programs, to provide cash flows for working capital purposes and advancements in intellectual property
Ongoing
-Updates on the company’s ongoing R&D project for Lockheed Martin in collaboration with Rutgers University to develop a high energy battery cell for a high-altitude surveillance airship
Ongoing
Income Statement Assumptions:
2007 Revenue estimate assumes that Services Revenue continues at approximately $3 million per year while Products Revenue grows by nearly $0.4 million to $2.3 million as the company starts production at its Florida plant towards the year-end, offset by declining sales to EaglePicher. 2007 Gross Margin estimate assumes slightly negative margins for Services Revenue and 15% margins for Products Revenue, which would be half the gross margin of the leading global battery manufacturer, Saft Groupe, which equaled roughly 30% in 2006. Such a discount was applied due to EEEI just starting production at its Florida plant (no economy of scales yet) and the fact that gross margins were only 2.3% in 2006. 2007 SG&A estimate assumes operating expenses will increase slightly due to the new Florida plant. 2007 Shares Outstanding estimate assumes that no additional shares will be issued in 2007 other than the new shares due to exercise of some of the outstanding warrants and options. 2008 Revenue estimate assumes that Services Revenue continues at approximately $3 million per year while Products Revenue grows to over $1.6 million per month (equating sales to $20 million) as the company has a full year of production at its Florida plant. 2008 Gross Margin estimate assumes slightly negative margins continue for Services Revenue while margins for Products Revenue increase to 20% due to improving economy of scales. 2008 SG&A estimate assumes operating expenses will continue to increase slightly due to increasing activity at the Florida plant. 2008 Shares Outstanding estimate assumes that no additional shares will be issued in 2008 other than the new shares due to exercise of some of the outstanding warrants and options as the company increases its internal cash flows. Electro Energy Inc. May 21, 2007
Frost & Sullivan has recognized Electro Energy, Inc., with the 2007 Frost & Sullivan Emerging Technology of the Year Award in recognition of its unique bi-polar battery technology development designed to advance current nickel metal hydride (NiMH) and lithium ion (Li-ion) battery chemistries.
Electro Energy’s technology is distinguished by its ability to make cells significantly lighter, smaller, and more powerful than other battery constructions that use the same chemistry.
“Due to the elimination of additional components required to make the battery tabs and of the intercell connections typically used to connect the battery cells together, the bi-polar cell construction offers excellent cost and performance advantages,” says Frost & Sullivan Director Sara Bradford. “By developing a competitive technology for both NiMH and Li-ion applications, Electro Energy has been able to address the key demands of sophisticated buyers in terms of performance, size, weight, and cost effectiveness.”
As the current flows perpendicular to the contact surfaces in this technology, the current path is short and demonstrates exceptionally low resistance compared to traditional battery flow, which in turn, offers benefits such as simpler and lower heating during battery recharge and discharge. The travel time of the current through the cell and the subsequent battery pack or module is also much faster than in traditional battery design.
Electro Energy has launched both its small and large cells in the market for various applications such as the military and transportation. By focusing on technology development efforts with several military user groups, it has manufactured products for their operational needs and is set to become a key supplier to the military.
In the automotive industry, Electro Energy is developing battery modules and packs to address the plug-in hybrid vehicle market and as an initial step, has retrofitted a Toyota hybrid vehicle to become a true plug-in vehicle. It has successfully demonstrated the plug-in hybrid battery, and is looking to commercialize the technology as an aftermarket retrofit.
Since plug-in hybrid vehicles have more battery capacity than traditional hybrid vehicles, the user can drive the vehicle in an ‘all electric’ or ‘blended electric’ mode for several miles and effectively use little or no gasoline in the first distance driven. This application is attracting significant interest as the implementation of the plug-in hybrid model could drastically reduce dependency on imported oil used for transportation.
The military and other user groups purchase millions of battery cells every year either directly or through battery packagers. Today, all those cells are manufactured outside the U.S. Electro Energy has the opportunity to become the key and maybe the only domestic U.S. supplier of these cells to the military and other user groups. That will enable Electro Energy to provide their clients with a substantial and solid product and service portfolio.
“This commitment to quality and domestic battery supply is one of its biggest advantages and gives the company a strong edge over its competitors,” says Bradford. “ Electro Energy’s unique bi-polar battery technology offers a solution to many current power source issues, and it is for this reason that Frost & Sullivan has selected it as the deserving recipient of the 2007 Emerging Technology of the Year Award.”
Each year Frost & Sullivan presents this Award to a company that has demonstrated technological superiority within its industry. This Award recognizes the ability of the company to successfully develop or introduce a new technology, formulate a well-designed product family, and make significant product performance contributions to the industry.
Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.
About Electro Energy, Inc.
Electro Energy Inc., headquartered in Danbury, Connecticut, was founded in 1992 to develop, manufacture and commercialize high-powered, rechargeable bipolar nickel-metal hydride batteries for use in a wide range of applications. Its Colorado Springs operation supplies aerospace-grade high quality nickel cadmium batteries and components for satellites, aircraft and other specialty applications. EEEI is also developing high-power lithium rechargeable batteries utilizing the Company's proprietary bi-polar design. EEEI has recently acquired significant manufacturing assets near Gainesville, Fla. to accelerate commercialization of its battery technology. For further information, please visit http://www.electroenergyinc.com/.
About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit www.awards. frost.com.
Contact:
Stacie Jones
210.247.2450
Stacie.jones@ frost.com
Please view the disclaimer for EEEI here
http://www.ericdavid.com/newsletter/disclaimer/EEEI.htm
jj this information comes from the biggest and most richest prominent news service in the world. Its all in black and white for you to see if you have any additional complaints please contact mayor michael bloomberg he is the CEO of bloomberg.
http://www.bloomberg.com/apps/quote?ticker=prvb
Not only is it correct but you have to be a pretty stupid investor complaining about a stock that is way overpriced with 142 million shares in the public float. Unless of course you can come up with a way to show that number being much less like you did with the shorts. You guys have no idea what you are doing and how to invest in companys that make sense. How can the stock do anything but go lower with the flooding of the public float. LMAO GLTY
your gonna need it.
I found it on Bloomberg. Short Interest 8,004.000 .. here is the link http://www.bloomberg.com/apps/quote?ticker=prvb