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Hello, Shelly. I have not posted on IHUB for awhile, but just tried to and I came to your post. There is some mistake. Please advise. I have been an active poster and moderator for awhile now, and now I have no posting privedges?
BUGS has been great
FORBES article on BGBR
Big Bear Mining Boss' Claims Contradicted By SEC Filing
Christopher Steiner, 04.29.10, 05:14 PM EDT
Bankrupt CEO got millions in shares; others paid to tout the stock.
Big Bear Mining Chief Executive Steve Rix's claims earlier this week that he owns no shares in the company have been contradicted by a newly released Securities & Exchange Commission filing.
Big Bear Mining, which began trading in copious volumes last week, has continued changing hands at a furious rate. So furious, in fact, that the Scottsdale, Ariz., firm with no revenues has become one of the week's most heavily traded over-the-counter stocks. That, and a bevy of paid promoters--including one who was paid $10,000 and has since rescinded his recommendation--appear to have made Rix a rich man. (See: "Is Big Bear Mining Selling Fool's Gold?")
Big Bear ( BGBR - news - people ), with no revenues or any imminent likelihood of any, nevertheless boasted a market value of $165 million as of April 29. Reached on April 22, Rix said he had no ownership stake nor any compensation agreement with the company and thus had not benefited personally from the stock's rise. It's an odd claim, considering Rix is Big Bear's sole employee and director
An SEC Form 8-K released this week contradicts Rix, stating that on April 19, three days before Rix spoke to Forbes, he received 30 million shares of the company for a total of $2,000. The market value of those shares was then $38 million; they're now worth slightly less, at $36 million. Rix did not return calls from Forbes seeking comment on the SEC filing.
The man who supplied the stock to Rix was the company's founder, Aaron Hall, who, according to SEC filings, was a bouncer at Stone Temple, a Vancouver, B.C. nightclub.
As for mining experience, Rix doesn't seem to have any. His personal website states that his previous professional activities included telemarketing campaigns for churches, installing a chaplaincy at an Arizona prison, operating a scuba shop and involvement "in starting up and owning" Blu Financial Network, a dormant venture capital company.
Rix's website allows interested parties to sign up for the "Rix Fix," which is "for young millionaires in the making." If Rix was ever a millionaire before his Big Bear windfall, however, he lost it all; the CEO declared personal bankruptcy in 2009.
Big Bear's popularity with penny stockpickers may be related to payments made by two companies to promoters. An outfit called Treasure Cay Limited spent $900,000 mounting a direct mail campaign promoting Big Bear, according to disclosures contained at the bottom of its promotional material. That included a $10,000 "editorial fee" paid to James Digeorgia, who previously recommended the stock, it added.
"Based on new information I received in the last 24 hours that I was not presented with when I initially reviewed and recommended the stock, I believe it would be in the best interest of any investor holding shares in this company to sell them," Digeorgia said in a statement released April 27.
Digeorgia, whose website is anchored by a signed picture of himself, runs a newsletter called the Gold & Energy Advisor. He did not return calls from Forbes.
A company called Mennen Creative Limited paid two stock pickers, Jason Kelly and Michael Cohen, $57,500 each for their roles in endorsing the stock for six weeks, according to the mailing. Both men sent out messages aimed at creating buzz for their upcoming picks during the weeks leading up to their release.
Cohen said he'd retire as a stockpicker if Big Bear didn't triple after his pick. Rix told Forbes last week he'd never heard of Kelly nor Cohen, both of whom work for a Seattle company called Global Marketing Corporation.
Big Bear lists its address in Scottsdale
Forbes article just out on BGBR
Big Bear Mining Boss' Claims Contradicted By SEC Filing
Christopher Steiner, 04.29.10, 05:14 PM EDT
Bankrupt CEO got millions in shares; others paid to tout the stock.
Big Bear Mining Chief Executive Steve Rix's claims earlier this week that he owns no shares in the company have been contradicted by a newly released Securities & Exchange Commission filing.
Big Bear Mining, which began trading in copious volumes last week, has continued changing hands at a furious rate. So furious, in fact, that the Scottsdale, Ariz., firm with no revenues has become one of the week's most heavily traded over-the-counter stocks. That, and a bevy of paid promoters--including one who was paid $10,000 and has since rescinded his recommendation--appear to have made Rix a rich man. (See: "Is Big Bear Mining Selling Fool's Gold?")
Big Bear ( BGBR - news - people ), with no revenues or any imminent likelihood of any, nevertheless boasted a market value of $165 million as of April 29. Reached on April 22, Rix said he had no ownership stake nor any compensation agreement with the company and thus had not benefited personally from the stock's rise. It's an odd claim, considering Rix is Big Bear's sole employee and director
An SEC Form 8-K released this week contradicts Rix, stating that on April 19, three days before Rix spoke to Forbes, he received 30 million shares of the company for a total of $2,000. The market value of those shares was then $38 million; they're now worth slightly less, at $36 million. Rix did not return calls from Forbes seeking comment on the SEC filing.
The man who supplied the stock to Rix was the company's founder, Aaron Hall, who, according to SEC filings, was a bouncer at Stone Temple, a Vancouver, B.C. nightclub.
As for mining experience, Rix doesn't seem to have any. His personal website states that his previous professional activities included telemarketing campaigns for churches, installing a chaplaincy at an Arizona prison, operating a scuba shop and involvement "in starting up and owning" Blu Financial Network, a dormant venture capital company.
Rix's website allows interested parties to sign up for the "Rix Fix," which is "for young millionaires in the making." If Rix was ever a millionaire before his Big Bear windfall, however, he lost it all; the CEO declared personal bankruptcy in 2009.
Big Bear's popularity with penny stockpickers may be related to payments made by two companies to promoters. An outfit called Treasure Cay Limited spent $900,000 mounting a direct mail campaign promoting Big Bear, according to disclosures contained at the bottom of its promotional material. That included a $10,000 "editorial fee" paid to James Digeorgia, who previously recommended the stock, it added.
"Based on new information I received in the last 24 hours that I was not presented with when I initially reviewed and recommended the stock, I believe it would be in the best interest of any investor holding shares in this company to sell them," Digeorgia said in a statement released April 27.
Digeorgia, whose website is anchored by a signed picture of himself, runs a newsletter called the Gold & Energy Advisor. He did not return calls from Forbes.
A company called Mennen Creative Limited paid two stock pickers, Jason Kelly and Michael Cohen, $57,500 each for their roles in endorsing the stock for six weeks, according to the mailing. Both men sent out messages aimed at creating buzz for their upcoming picks during the weeks leading up to their release.
Cohen said he'd retire as a stockpicker if Big Bear didn't triple after his pick. Rix told Forbes last week he'd never heard of Kelly nor Cohen, both of whom work for a Seattle company called Global Marketing Corporation.
Big Bear lists its address in Scottsdale
BGBR about to get clobbered, bb. Alert
Get out of BGBR now---warning---Forbes article out.
tully, BLVT could get to .30--but there needs to be more volume, IMHO.
The company is catching up with their very late financial filings--and have done 2006, 2007 and 2008 recently. 2009 should come soon--audited--which should show big revenue increases. The stock has su cked all last year as they promised to get the filings in. Now the stock is rebounding as they get them in.
IF the 2009 filing shows the revenue increases, the volume will come in and .30 should be no problem. Actually, resistance would be at the 200 day moving average at .35
What did you just say? LOL. SOrry, I may not have "street Cred", but I could not understand your post.
Could you tell me again?
Really,--why put out news AFTER the market closes? Someone does not know how to do PR.
BLVT at .135
CCTC --Clean Coal--love that stock
Sorry, Lizzy. No, this is the first time I put in the pick --with the price. Is it OK if I participate? BLVT
BLVT @ .135, Lizzy.
85% Increase in Revenue from 2008 to 2009 will not go unnoticed for long. OPTZ should be reporting their next quarter by May 15.
If VLNC can get out some good news between now and their presentation on May 10, it would build the exposure even more. IMO
Looks like mailers did not work for ALME--or I am getting a great chance to buy before everyone gets their mailer. LOL
Cargo has done a great job here.
Cargo!--New Pick---BLVT
Looks down and out, but the company has recently started filing all their late filings. Usually a company spends the time, money and effort to catch up with their filings when they expect to go "respectable" in preparation for a move to the OTCBB.
They filed again today--so I wanted to get my pick priced at the $0.115
before Monday's open.
BLVT does business with the US Army multi-million dollar contracts.
No guarantees here, but do a little kicking around (read--do you due diligence) and make your own conclusions.
And have a great weekend.
Being a "bagholder" sometimes can make you alot of money--if you have the confidence to average down. Before it goes up.
Been there, done that. LOL
VLNC Short Interest
Valence Technology, Inc. ( VLNC) Short Interest
VLNC
Valence Technology, Inc.NASDAQ-CM
Settlement Date Short Interest Avg Daily Share Volume Days To Cover
3/15/2010 11,247,253 532,593 21.117914
$1.30 is the 200 DMA on VLNC. Looks good
VLNC
[chart[stockcharts.com/c-sc/sc?s=vlnc&p=D&yr=0&mn=6&dy=0&i=p23472481093&r=6053[/chart]
VLNC news today kicking it into high gear
Valence Technology Brings Intelligent Batteries to "Smart Grid Community of the Future"
$13.5 Million DOE Grant to Help Fund a $27.4 Million Regional Demonstration Project: “Technology Solutions for Wind Integration in the Electric Reliability Council of Texas”
AUSTIN, Texas--(BUSINESS WIRE)--Valence Technology (NASDAQ: VLNC) today announced it has been selected as the preferred residential/community battery technology provider for the “Smart Grid Community of the Future,” the first smart grid solar powered residential development in Texas, the Houston-area master planned community of Discovery at Spring Trails. Utilizing its lithium phosphate battery design, including intelligent Command & Control logic, Valence Technology will supply dynamic energy systems for the individual smart grid residences containing electric vehicle charging stations and smart appliances. Valence Technology’s energy solutions will be used to support a smart-energy practice known as “peak shaving,” whereby smart appliances like dishwashers and washing machines are efficiently utilized during peak demand hours.
This smart grid project will demonstrate how community battery systems can enhance grid stability and decrease overall electricity costs by practicing “peak shaving.” Homeowners can avoid higher peak power costs during evening hours when multiple appliances are typically running after Valence Technology dynamic energy systems kick-in to power the smart appliances.
“Valence Technology is proud to be involved with a project as pioneering as the Discovery at Spring Trails smart grid community,” said Robert L. Kanode, president and CEO, Valence Technology. “By significantly reducing homeowners' energy costs through peak shaving, community storage applications will gain acceptance in the marketplace. Valence Technology is well-positioned to provide proven, field-tested dynamic energy systems that will enable greener, smarter and more efficient energy use.”
As part of the regional demonstration project entitled “Technology Solutions for Wind Integration in the Electric Reliability Council of Texas (ERCOT),” the “Smart Grid Community of the Future” will serve as a test model for the development of future distributed energy-generation communities utilizing clean technologies. The project includes improved technologies to monitor the ERCOT electric grid and expanded smart portal capability to support demand response in the new development, Discovery at Spring Trails. With $13.5 million in funding from the U.S. Department of Energy, the $27.4 million project is scheduled to break ground this year.
The team for this “Smart Grid” project includes CCET, Valence Technology, Southwest Research Institute, Electric Power Group, EcoEdge, CenterPoint Energy, Oncor, American Electric Power, Sharyland Utilities, Land Tejas Developers, Montgomery County Municipal Utility District 119, Xtreme Power/Energy Xtreme, General Electric, GridPoint, Direct Energy, Drummond Group and Frontier Associates.
Valence Technology stationary energy storage systems are designed for use in frequency regulation, community energy storage, telecommunications back-up power, auxiliary power units and uninterruptible power supply projects around the globe.
About Valence Technology, Inc.
Valence Technology is an international leader in the development of safe, long-life lithium iron magnesium phosphate energy storage solutions and provides the enabling technology behind some of the world’s most innovative and environmentally friendly applications. Founded in 1989, Valence today offers a proven technology and manufacturing infrastructure that delivers ISO-certified products and processes that are protected by an extensive global patent portfolio. Headquartered in Austin, Texas, Valence Technology is strategically aligned by five business segments: Motive, Marine, Stationary, Industrial and Military. In addition to the corporate headquarters in Texas, Valence Technology has its Research & Development Center in Nevada, its Europe/Asia Pacific Sales office in Northern Ireland and global fulfillment centers in North America and Europe. Valence Technology is traded on the NASDAQ Capital Market under the ticker symbol VLNC. For more information, visit www.valence.com.
Nice chart on VLNC
gsiman, OPTZ's agents have varying profit margins. The top line is one thing, but if their NET Profit Margin for the year comes in higher than the sector's median % NPM, OPTZ will gain more attention.
.35 is Breakout. And, of course, VOLUME Precedes Price.