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Well the recent 8-K states-
"The Company intends to monitor the closing bid price of its Common Stock and may, if appropriate, consider implementing available options to regain compliance with minimum bid price requirement under the Nasdaq Listing Rules."
The question is what are the available options to regain compliance with minimum bid price..... another split?!?!?
I'm with ya' on that! Like the increased volume as well, hopefully a sign of things to come.
Let's just hope that this is the beginning of a major trend reversal!
Someone was putting effort into keeping that bid from closing below $1.00
Someone else kept whacking the bid at $1.01 & $1.02 in 100 share blocks...hmmm...
15 TRADING DAYS AND COUNTING…..
A conference call would be good. We should compile a list of our questions and concerns, send them to the CEO and request that they be addressed and answered on a call.
To maintain a listing on the NASDAQ stock exchange, corporations are required to meet minimum standards for their share price, market value and corporate governance. Generally, stocks must have a share price of at least $1 and a minimum market value of $1 million.
The first step in the delisting process is the deficiency notice. NASDAQ issues a notice to all companies in violation of the continued listing standards for 30 consecutive trading days.
20 TRADING DAYS AND COUNTING…..
This P.O.S. NEVER should have up listed, clearly they were ill prepared and now shareholders suffer
“If a company has the opportunity to up list to a major exchange, it should make the move, as long as the management team is successfully executing on its growth strategy and producing a constant flow of news, an up listing not only benefits the company but also benefits the shareholder”
NOT HAPPENING!!
Probably better to discuss offline, but sounds like he may be going through the “DT’s”, Delirium Tremens. The main symptoms of delirium tremens are nightmares, agitation, confusion, disorientation, visual and auditory hallucinations, fever, hypertension, diaphoresis, and other signs of autonomic hyperactivity (tachycardia and hypertension). These symptoms may appear suddenly but can develop 2–3 days after cessation of drinking heavily with its highest intensity on the fourth or fifth day. Also, these "symptoms are characteristically worse at night". In general DT is considered as the most severe manifestation of alcohol withdrawal, which occurs 3-10 days following the last drink.
Had a family member go through this, it wasn’t pretty and may require medical help depending on how much and how long he was a big drinker and how severe the symptoms.
30 Days
Well that was interesting
News...
MagneGas Signs $1 Million Fuel Pre-purchase Agreement
Magnegas Corp. - Common Stcok (MM) (NASDAQ:MNGA)
Intraday Stock Chart
Today : Wednesday 19 December 2012
TAMPA, Fla., Dec. 19, 2012 /PRNewswire/ -- MagneGas Corporation ("MagneGas" or the "Company") (NASDAQ: MNGA), the developer of a technology that converts liquid waste into a hydrogen-based metal working fuel and natural gas alternative, announced today that Sustainable Green, a new Seattle-based distributor of industrial gas, has agreed to pre-purchase $1 million worth of MagneGas™ fuel over a two year period.
MagneGas Corporation will install and operate a gasification unit in Seattle and Sustainable Green will become the exclusive distributor of MagneGas™ fuel in Washington and Oregon for two years and beyond, subject to continued forward purchases. In addition, Sustainable Green will be permitted to sell the MagneGas fuel in any other territories where there is no exclusive distributor.
"We are very pleased to enter into this partnership with Sustainable Green and expand our market presence in the Pacific Northwest," said Ermanno Santilli, CEO of MagneGas. "Today's announcement shows that our sales efforts are paying off and that there is a strong demand for our fuel. More importantly, it demonstrates our viable business model that will generate significant revenue growth and drive shareholder value."
"We are extremely excited at the opportunity to be at the forefront of what we feel is a game changing and innovating technology in an industry that has long needed more efficient and green methods in which to operate. We believe MagneGas is that solution. We are excited and honored to open this important market with MagneGas," said Zachary Lark, President of Sustainable Green.
MagneGas Customer Growth Continues In October
10:15 AM ET 11/16/12 | PR Newswire
MagneGas Corporation ("MagneGas" or the "Company") (NASDAQ: MNGA), the developer of a technology that converts liquid waste into a hydrogen-based metal working fuel and natural gas alternative, announced today that it continued sales expansion in October by adding eight new fuel customer locations in Florida and Michigan.
The Company expects the incremental revenue generated from these new locations to be between $150,000 and $200,000 in fiscal year 2013 as it continues to build on its recurring revenue base.
"We are pleased with the continuous expansion in our customer base," commented Scott Wainwright, President of MagneGas. "Our ongoing growth is a direct testament to the quality of our product, which not only cuts metal faster and safer than its competitors, but also is an environmentally friendly alternative to what is currently being used throughout the metal cutting industry."
"We continue to deliver solid results as we further execute on our growth strategy," stated Ermanno Santilli, Chief Executive Officer of MagneGas. "As we build upon the solid foundation of our Company, our sales and marketing efforts have helped us to expand our footprint in the metal working industry as new and potential customers realize the cost effectiveness and superior cutting qualities of MagneGas(TM)."
It's been trading in a tight range between $2.50 & $3.00 for the past month. $2.50 is support, this is the 5th or 6th time we've tested it now, let's see what happens.
Agree 100%
Magnegas a sleeping giant, soon to be awaken...
http://ih.advfn.com/p.php?pid=nmona&article=51948875&symbol=MNGA
Haydro,
I have always appreciated and respected your point of view, you seemed to be one of the few who posted with reason and logic historically, when everyone else knew nothing but cheerleading and to da’ moon mentality and aggressively dismissed anyone with a different point of view…..
I must say you have gone way off base here, anyone with sound moral character knows respect is GIVIN and disrespect is “earned”, not the other way around. Now perhaps Evan has earned your disrespect and that’s not for me to judge, however I struggle to find these lies you claim he has told and “fraud” you claim he has committed. I’m just as unhappy as anyone with what’s been happening, or should I say not happening with Inca, but your personal attacks on him are becoming ridiculous. To say his words are meaningless, or that he should step away from the business, criticize his lifestyle and my personal favorite of your obsession with him and his gym activities without knowing him and refusing to contact him are immature and ludicrous.
I do not know Evan & Stacey, have never spoken to either one of them, or ever even attempted to contact them, but one clearly consistent message we have received from him in his posts (if it really is Evan) is that the personal attacks are wearing on him/them. What point are you trying to make, or more importantly what is it you are trying to accomplish? I see no good that can come from it and quite frankly it’s pointless. He is her Husband, he is a Beneficial Owner and clearly intimately involved in running the business…. Biting the hand that you expect to feed you, I’m struggling to follow….
On a different note, if my memory serves me correctly you are serving, or have served and for that I Thank You with the utmost sincerity!!!
Two news releases in a months’ time is not too shabby, I think we need to exercise a little patients here.
They are clearly broadening their distribution base and I hear their Michigan plant is ready for operation....
More News
MagneGas Corporation ("MagneGas" or the "Company") (OTCBB: MNGA), the developer of a technology that converts liquid waste into a hydrogen-based metal working fuel and natural gas alternative, announced today Custom Welding Diversified, Inc. has agreed to distribute MagneGas™ to its customers in the metal working fuel market throughout southern Florida. Custom Welding Diversified Inc. will help to expand MagneGas' growing presence in south Florida as it services the Miami / Ft. Lauderdale area, an area not currently supplied directly from MagneGas headquarters.
"We are excited to enter into a partnership with MagneGas Corporation," commented Tommy Creel, Vice President of Custom Welding Diversified, Inc. "By providing a clean alternative such as MagneGas, we are confident our customers in the unserved Treasure Coast area will be elated at how efficient and how quickly this fuel is used for metal working. As a new distributor of the MagneGas™ fuel, we are extremely excited both in its use and for future business generation."
"As a cost competitive green alternative in the metal cutting fuel market, MagneGas stands to benefit from relationships such as this," stated Scott Wainwright, President of MagneGas Corporation. "As we continue to pursue our growth strategy by forging agreements with select distributors, MagneGas™ fuel will become more widespread and commonly accepted as the metal working fuel of choice."
NEWS
MagneGas Corporation ("MagneGas" or the "Company") (OTCBB: MNGA), the developer of a technology that converts liquid waste into a hydrogen-based metal working fuel and natural gas alternative, announced today the Company has been retained by King Metal Recycling & Processing of Miami, in partnership with Marathon Construction and Demolition of Fort Lauderdale, to supply cutting fuel needed for the dismantling of a 13,300,000 Gallon oil tank located in Port Canaveral, FL.
For this project, MagneGas will be the lone cutting fuel used in the breakdown of the oil tank. The fuel for this venture will be delivered directly from the Company's headquarters located in Tarpon Springs, FL, as MagneGas Corporation estimates over 1,000 cylinders of MagneGas will be required to complete this undertaking. King Metal and Marathon have successfully partnered on various projects throughout the Southeast and have agreed to use MagneGas later in the year for another large joint venture project based in Alabama.
"After seeing a demonstration of MagneGas, we recognized immediately that this environmentally friendly alternative fuel is the ideal choice for this assignment," commented Pete Amador, President of King Metal Recycling & Processing. "By using the MagneGas fuel on this project, we will be able to complete the demolition of the oil tank much faster, more efficiently and at a lower cost when compared to other metal cutting fuels."
"As we continue to successfully execute on our growth strategy, new customers are beginning to see the advantages and effectiveness of using MagneGas," stated Scott Wainwright, President of MagneGas Corporation. "We are excited to be partnering with King Metal Recycling & Processing and Marathon Construction and Demolition on such an endeavor and look forward to a fruitful ongoing business relationship."
You should look into this
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68253480
I believe you'll be just fine.
Interesting read/point of view for you to put into perspective:
The following is a list of facts and reasons to switch all your Gold investments into Physical Silver:
1) Due to the tiny size of the Silver market and the lack of physical Silver available to the manipulators, the Silver battle is much easier to win than Gold. Ted Butler's discovery of massive Silver market manipulation should highlight the size, scope and importance of Silver to the current financial crisis.
http://www.investmentrarities.com/ted_butler_comentary/08-22-08.html
2) Central banks have NO physical Silver to assist in the manipulation of the Silver market but they still have a lot of physical Gold (although much less than they claim).
3) The majority of Silver mined every year is consumed as an industrial metal in very small amounts and will never return to the market whereas the amount of above ground Gold grows year after year.
4) Silver has developed, due to its low price and superior physical properties, into a vital and necessary industrial commodity that makes it mandatory for modern life. If we woke up tomorrow and gold vanished from the face of the earth, life would continue pretty much as it was the day before. Without silver, modern life would change.
5) Due to the relative very low price of silver and very high price of gold, the man in the street, around the world, is in a position to buy silver in much greater quantities than gold.
6) In various forms there is an estimated 5B oz of above ground Gold and 5B oz of above ground Silver but Gold trades around $1600/oz and Silver trades for about $40/oz. Both metal prices are obviously manipulated but Silver appears to be manipulated more. As for Silver bullion that is "in play" for the manipulators, I estimate that less than 200M oz remain with a current market value less than $8B.
7) Silver has been in a supply deficit for over 50 years! Governments held approximately 10B oz of silver in 1950 and have been supplying that physical stock steadily into the market. Today there is no more of that surplus silver left to sell.
8) At current Silver consumption rates there are only 14 years of known Silver reserves remaining in the world. AFTER THAT SILVER WILL BE GONE FOREVER! Think about it.
http://minerals.usgs.gov/minerals/pubs/commodity/silver/mcs-2010-silve.pdf
9) Demand for Silver is "inelastic" in its industrial applications because it is used in such small quantities per application. An increase in price does not translate into a decrease in consumption.
10) The COMEX Silver short position is the largest concentrated short position of any commodity, on any exchange in the history of financial markets.
11) Throughout human monetary history the Silver to Gold ratio hovered in the 10-1 range until the invention of futures and options trading in metals. After the massive manipulation maneuvers by the Banking Cabal the silver-gold ratio now stands at over 40-1.
12) The US Dollar as defined in the Coinage Act of 1792 is Silver, not Gold, and contains "three hundred and seventy-one grains and four sixteenth parts of a grain of pure, or four hundred and sixteen grains of standard silver."
http://en.wikipedia.org/wiki/United_States_dollar
13) Silver is massively under reported in the media vs. Gold. Even Jim Rogers, the commodity guru, purposefully ignores Silver entirely in his best selling book "Hot Commodities" even though Silver exceeds all other commodities using his metrics on what makes a strong commodity.
14) Very few investors have physical Silver in their possession. Reasoning: because they claim it is "too hard to store". Does that mean when Silver trades at over $1,000 oz people will be more willing to buy and store physical Silver? It is difficult to make up a more bullish argument to take delivery and store physical Silver TODAY...when the Cabal price rigging scam finally fails you can always buy your own Fort Knox to store all that pesky Silver you bought!
15) Gold's strong fundamentals are only exceeded by Silver's so when the gold manipulation stops and the Gold price takes off investors will be looking for the next under-priced investment with similar characteristics.
16) 470M oz of Silver owned by the US Treasury and used in the Manhattan Project for the construction of the atom bomb have all been melted down and sold into the physical market to support the "Strong Dollar Policy"
The Great Silver Mystery...REVEALED!
http://www.roadtoroota.com/public/135.cfm
17) Silver mineral deposits, as opposed to Gold, are usually very shallow in the earth's crust due to the nature of the geology so most of the large deposits of Silver have probably already been found and/or already mined limiting future discoveries.
18) There is a significant problem with counterfeit Gold coins and bars because of its high price. Silver coins and small bars have not, to date, had as much of a counterfeiting issue because its price did not justify the effort. (although there is a problem with counterfeit Silver jewelry which may significantly suppress Silver scrap recovery in the future...oddly bullish by-product of counterfeiting Silver!)
19) The total dollar value of the Silver market is a fraction of the total dollar value of the Gold market.
20) Most flat screen televisions use Silver in their internal electronics/screens and the US transfer from analog to digital signals has increased the demand for flat screen TV's.
21) Retail physical shortages of Silver are already beginning to appear around the world. The list of announced delays/curtailment by Government owned Mints now includes EVERY MAJOR SILVER COIN PRODUCING COUNTRY IN THE WORLD!
22) Hedge funds are bleeding from the credit crunch and they are looking for ways to save themselves. A single hedge fund can scoop up the remaining physical Silver and blow the price sky high.
23) In the US, Gold confiscation laws are still on the books but there are currently no silver confiscation laws.
24) As of mid 2011 the Gold price is hovering around $1,600 or 188% of its historical high. Silver, on the other hand, is hovering around $40 or 80% of it's historical high suggesting that Silver has a long way still to go.
25) Un-backed paper Silver programs such as silver certificates and unallocated pooled accounts are the "industry standard" these days and will be scrambling for metal when redemptions are called in by the investors. The most egregious example of fractional reserve silver is the iShares Silver ETF (SLV).
26) In the past few years the massive global money creation by central banks around the world has created huge reservoirs of cash sloshing around the asset markets looking for a safe haven. Although most mainstream press have discussed Gold as being a likely bucket to fill with this monetary firehouse, SILVER has all the same monetary metal properties as Gold except the Silver market is SO small it would be like FILLING A DIXIE CUP WITH THE FIREHOUSE!
27) The CFTC still has an open investigation into the manipulation of the SILVER market that is being conducted not by their investigative division but by the CFTC "Enforcement Division". Although the final conclusions have been purposefully delayed by the CFTC, the final outcome may finally be the END OF THE 50 YEAR MANIPULATION OF THE SILVER MARKET!
28) During the CFTC hearing on metal position limits, GATA announced that a whistleblower has come forward with specific proof that JP Morgan was rigging the silver market. The next day he and his wife were rammed in their car in an attempted murder. The suspect was caught but the police are not giving out any information about the suspect or others that were involved.
http://www.youtube.com/watch?v=e9bU0r6JP4s
29) The growth of emerging economies in Asia will require more and more industrial silver to build out their electric infrastructure and provide a higher standard of living for their middle class. In a global market that has been in a silver supply deficit for years a silver bidding war will result in order to obtain the significant amounts of silver needed.
30) The truth about gold and silver price manipulation is spreading like wildfire throughout the world with the help of the internet such that the Banksters "shabby secret" is no longer a secret.
31) There are currently multiple class action lawsuits that have been filed against JP Morgan for blatantly rigging the silver market. Given that JP Morgan has previously claimed immunity from legal prosecution because they are an agent of the US Government I doubt the suits will ever be brought to trial...BUT the publicity of them "claiming immunity" AGAIN will be the "silver shot heard around the world".
32) The US Dollar has run it's course as the world's reserve currency. The entire global financial markets know this and are positioning themselves accordingly. The "Dollar End Game" for the United States has never been to transfer economic power to Eastern countries as the dollar dies but rather crash the global markets and start fresh with a new domestically centered economic model. That transition is upon us:
http://www.roadtoroota.com/public/261.cfm
Well, now do you think SILVER is both more important and a better investment than your gold?
Hopefully, that's enough pro-Silver data to convince you to make the switch.
What About Gold?
There are some pro-Gold items which, in fairness, should be weighed against all the pro-Silver arguments:
1) Gold does not tarnish. (That's nice but hardly a reason not to make the switch)
2) Gold is promoted and perceived by the world as the "Greatest Monetary Metal"....at least for now!
Not to be "anti-gold" but from my calculations there is 10x the amount of physical gold in the world regardless of what the "mainstream gold media" claims...meaning there is OVER 1 MILLION TONS OF PHYSICAL GOLD!
Golden Secrets
http://www.roadtoroota.com/public/181.cfm
Also, my calculations on silver estimate that there is 10x LESS silver in the world because of all the potentially phony physical silver ETF bars out there...
Silver "Moly-Bars"
http://www.roadtoroota.com/public/212.cfm
Don't worry about Gold....really. Gold, like Silver, will find its rightful place in a freely traded market. It should take less than a few $Billion of physical Silver purchases to buy up all of the available Silver bullion, and that would only mean switching out of about 100 tons of Gold on a physical basis. 100 tons would not significantly damage the price of gold. Now $5B removed from GLD/SLV, Gold/Silver Pooled Accounts, Gold/Silver mining stocks, etc. would be much better for the price of Gold and should not cause any permanent damage to the gold investment community. As a matter of fact, can you think of anything more positive for the price of gold and gold investments than the destruction of the Banking Cabal?!
So what should be the true price of Silver today?
I don't know but I do know that the price quoted on the COMEX and LME are not even close to silver's "Fair Market Value". It makes more sense to me to estimate the true price of Silver in relation to another "Monetary Commodity" such as Gold since gold is currently "perceived" as the best monetary metal.
* Based on my mainstream estimates of total above and below ground Silver (17Boz) and Gold (8Boz) the Silver/Gold Ratio should be 2.1-1. With Gold trading at $1,600/oz Silver should be trading at $762/oz or is 19X UNDERVALUED!
* Based on estimates of total above ground Silver (5Boz) and Gold (5Boz) the Silver/Gold Ratio should be 1-1. With Gold trading at $1,600/oz Silver should be trading at $1,600/oz or is 40X UNDERVALUED!
* Based on estimates of total monetary bullion above ground Silver (1Boz) and Gold (3Boz) the Silver/Gold Ratio should be 1-3. With Gold trading at $1,600/oz Silver should be trading at $4,800/oz or is 120X UNDERVALUED!
Of course all this is predicated on the assumption that gold is fairly valued at $1,600oz today which almost everyone agrees is a joke. Since the USA holds a little over 8,100 tons of gold in reserve (supposedly) it is logical to assume that Gold will back the US dollar when the fiat money system fails (not hard to imagine the failure of the US dollar). With the US M2 money supply currently estimated to be in the $8.5 Trillion dollar range, the price of a redeemable gold backed US dollar would be about $33,000/oz IF the US stopped printing dollars today.
The $33,000/oz Monetary Gold price would put the value of monetary above ground Silver bullion, as analyzed in the last bullet point above, at....
.... $99,000 per oz of SILVER!
Crazy, I know, but it really doesn't end there!
Based on the FACT that Silver is being consumed 120% faster than it is currently being mined/produced and the Gold above ground supplies are growing at 2% per annum the Silver/Gold Ratio Formula should be [(Above Ground Silver)(80%) to (Above Ground Gold)(102%)]. With Gold trading at a massively manipulated low price of $1,600oz, Silver should be approaching INFINITY AND IS INFINITY(X) UNDERVALUED!
Wow....chilling conclusions...have you traded your Gold for Silver yet?
May the Road you choose be the Right Road.
Bix Weir
For MORE information on Silver Manipulation visit:
www.RoadtoRoota.com
GLTU and NWMT
Appears others on ihub don't view them as a positive thing...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58488406
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58493617
Company Overview
Delaney Equity Group LLC operates as a security broker and dealer which engages in over the counter trade. The company was incorporated in 2006 and is based in Palm Beach Gardens, Florida.
5090 Pga Boulevard
Palm Beach Gardens, FL 33418
United States
Founded in 2006
Phone:
561-202-600
Take a look at the FINRA site and the daily short positions, yestreday alone 40% of total volume short.
20110223|IDGI|1782584|4440584|O
http://regsho.finra.org/FORFshvol20110223.txt
New to the board, and not much of a poster. I do however have a question...Has anyone gotten any .0001's???
Well said, AMEN !!!
Not filling orders?!?
I think we just witnessed the P&D Dan Sz shuffle…lol…
No worries, we Rock this afternoon
Haydro,
Good to see you on the board, I’ve always respected and appreciated your points of view.
There are an incredible amount of positives surrounding this company/stock we know to be fact thanks to an incredible amount of DD done by many on this board. Quite frankly that is why I and I assume you and all others are here.
The unfortunate fact of the matter is the company has missed certain commitment dates and fallen silent (to your point). The most important question is why?? There is obviously a very good reason, the problem for us IMO is…. Is it for reasons that we all benefit from in the long term, or is it for reasons that are not favorable for the company/stock value….
Tick, Tock…Tick, Tock… We continue to wait and see….
Confucius say; hit ask or we make special soup for you
Put twitter.com/incacollection in your web brouser and it will take you directly to their twitter page
twitter.com/incacollection
At least we know they still have a pulse...lol