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.
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.
not sure what that means...
If you look at the structure from the site you post, the amount exercised for both was 0.00
Has anybody made a call for information? We did see a low pps at the end of last year as well, my hope is for the pattern to repeat.
Im with you Frediiboy, we need some positive, concrete news.......
The nice closing pattern, has been very encouraging. I don't understand who or why anyone would sell under the ask while this trend continues. Any thoughts?
It,s been a very interesting few weeks. Thought I would chime in, BW posted this link a while ago. Looks very strong.
TTEG rated strong buy on barcharts.com http://www.barchart.com/quotes/stocks/TTE
Recall the PR from 3 months ago. LOI with a major engineering firm. I hope everyone got a few of those gift shares on the cheap. There will be alot of eyes on these results. Go to the hyper link and check out the demo of the Unit and its applications; Very impressive. A few of us have been long on this board for quite a while. The cheap sellers out there make no sense to me with all the potential upside here (IMHO). If we don't chat next week I wish all A Very Merry Christmas.....
Nice Update this week.....
Turbine Truck Engines, Inc. (TTEG.OB) released the following news story today.
Turbine Truck Engine's CEO Returns to Taiwan
Turbine Truck Engines, Inc. ("TTE") (OTCBB: TTEG), announced today that Michael Rouse, CEO of TTE has returned to Taiwan with Lance Sablich a mechanical engineer and consultant for TTE. Mr. Sablich has strong ties to a large pharmaceutical company from the United States that is interested in the possible implementation of the Hydrogen Generation Technology for use in their chemical compound processing applications. Mr. Sablich is there to verify the viability of the 200 cubic meter per hour (m3/h) Hydrogen Generator and to observe the operation of the unit manufactured by Hydrogen Union Energy (HUE.)
HUE currently has a 100 m3/h unit in operation at RU FA Chemical Technology Co., Ltd. (www.rufachem.com), located in Wei Fang, Shan Dong Province, China. The unit has been in continuous operation since April 4th producing 30 m3/h, 24 hours a day, with no interruptions in service. This unit is currently saving the company 1.2 million RMB (approximately $185,000 US) per year. A single unit could save a company between 30-60% of their total energy costs in their chemical compound process.
To see a video of the 10 m3/hr hydrogen generator:
http://www.ttengines.com/FalconPowerFH-10mq.html
About Turbine Truck Engines, Inc.
Turbine Truck Engines, Inc. is a technology company focused on the development, manufacture, and distribution of its new energy efficient and environmentally friendly technologies. Turbine Truck Engines, Inc. is the exclusive agent for Hydrogen Union Energy Co. Ltd.'s Hydrogen Generator technology for all of North America. The Hydrogen Generator produces hydrogen from methanol using a gas reformation process employing a chemical catalyst. The hydrogen generator can be used in residential and commercial applications as well as industrial boilers and steam generators. The efficiency of the hydrogen generator could save the end user 30-60% on their energy costs as compared to using electricity, heavy oils, or natural gas in the same process. The hydrogen generator also eliminates the need for high pressure storage tanks as it generates the hydrogen on demand. The hydrogen generator eliminates all emissions except for food grade carbon dioxide which could be captured and sold to the food and beverage industry. Turbine Truck Engines also holds the exclusive license to manufacture, market, and distribute the Detonation Cycle Gas Turbine engine worldwide. For more information concerning Turbine Truck Engines, Inc., visit www.ttengines.com.
About Hydrogen Union Energy Co., Ltd.
The company is devoted in the development of a new energy source and energy saving alternatives. Our motto is: "To protect the earth and provide total solutions to companies that need to reduce carbon emission." We emphasize Hydrogen as the fuel source to replace heavy oil, and gas in boilers. The HEPS technology, initially intended for industrial usage, will eventually broaden to small businesses and homes. We look forward to implementing this technology as a possible replacement option for nuclear and pyro power plants. HUE is a division of Energy Technology Services Co., Ltd. Taiwan. (http://www.energyservice.com.tw/)
Safe Harbor
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance, development and results of the company's business include, but are not limited to, fluctuations in financial results, availability and customer acceptance of our products and services, the impact of competitive products, services and pricing, general market trends and conditions, and other risks detailed in the company's SEC reports.
Our Website: www.TTEngines.com
tteg420x.... you are our good luck charm...
You called the "paint the tape" and we see a 8000 share purchase.
You called no volume; and we open with over 35k in volume.
You need to ask for the $1.00 to $2.00 range next....
With the ask hanging at .16 with 13k shares avail, a small bid at .15 will not get filled. The MM will not make that happen. If you want shares just tap the ASK with what is avail. The MM' will not show the large ASK amounts that are listed as "ALL OR NONE" even if that # is under the current ASK. For small orders spend the extra few cents and get the shares. NEWS IS TO GOOD HERE..these levels will be gone in short time. (INMHO)
Awesome Awesome Awesome... look at Megrants resume. They are doing the mechanical work at all the major NY airports. They are doing the World Trade Center Mechanics... What a huge PR.. Let me reinstate my opinion.. UNDERVALUED.... buy now, buy as much as you can, these levels are becoming very thin air......
I agree Mike, This stock has had 10 days of reported high interest on a bunch of boards out there. (IMHO) this is a very undervalued stock. The news put out over the last 3 weeks has just been overshadowed by a crazy market. When everybody is done listening to all the bad news on TV about this market and they realize the potential with TTEG, HUE, the engine project, working in conjunction with one of most respected engineering colleges in the country. TTEG has been around many years with a fantastic reporting record with the SEC. This is an undervalued stock, (IMHO). So load the wagon at these levels, the interest on the boards has me thinking some heads are comming out of the sand.....
Within that link go to the hottest stocks section on the right, and scroll all the way to the listings.. If you click on the ticker in the listings you can see all the twitter activity as well.
Its gathering a bunch of steam on many boards out there....
This is an interesting link, looks like people are showing a bit of interest in TTEG. It's listed in hotteststocks top 10 most researched.....
http://investmentviews.net/index.html
BIG 8-k is an Understatement!!!!!!!!!
BIG 8-k out there. Lets get rocking.........
Form 8-K for TURBINE TRUCK ENGINES INC
--------------------------------------------------------------------------------
20-Jun-2011
Entry into a Material Definitive Agreement, Termination of a Material D
Item 1.01 Entry Into a Material Definitive Agreement
The Company ("TTE") entered into a Cooperation Agreement (the "Agreement") dated June16, 2011 with Hydrogen Union Energy Co., Ltd. ("HUE") for the purpose of the joint development of the hydrogen generator. Under the terms of the Agreement, HUE will provide hydrogen generators at cost to TTE for demonstration purposes. Once TTE purchases the first H2 generator and pays 90% of the purchase price, TTE will be given first refusal to act as agent for any future business relating to hydrogen generators with HUE's technology in North America. TTE will pay the cost of production of a 200 cubic meter H2 generator at 10,000,000 TWD (about $350,000 USD) for up to two machines. Payments will be in stages; (a) 50% (5,000,000 TWD) within 15 business days after the execution of the Agreement;
(b) 40% (4,000,000 TWD) 30 days after the first payment; (c) 5% (500,000 TWD) 24 hours after the initial installation and testing; and (d) 5% (500,000 TWD) 1 day after the machine is in operation for 30 days.
HUE guarantees shipping FOB within 45 days after receipt of the 1st payment and also guaranties to install, test and secure all safety measures for the H2 generator at locations designated by TTE. TTE will pay round trip air (economy class) between Taiwan and the installation site, plus room and board for one
(1) week, for Dr. Chang and three (3) engineers to ensure proper operation status is achieved and training of operators is complete.
TTE and HUE agree to engage in future discussions on an agreeable business model for the North American model in the near future. If no mutual agreed business model is reached, the cooperation will be based on the agency agreement signed previously between TTE and Falcon Power Co., Ltd., a Taiwan limited by share company ("Falcon")
TTE and HUE will also work jointly to develop a hydrogen generator to work with TTE's engine for power generating and automotive applications in the near future, the terms and conditions will be discussed at a later date.
Item 1.02 Termination of a Material Definitive Agreement
In connection with the entry into the Agreement with HUE referenced above, the Company announces the termination of the Strategic Alliance Agreement (the "Agreement") dated May 25, 2010 between TTE and Falcon Power Co., Ltd., a Taiwan limited by share company ("Falcon") which was entered into for the purpose of collaborating on the engineering, technical development and commercialization of the Detonation Cycle Gas Turbine Engine ("DCGT") and the Hydrogen Generator specifically for application opportunities in Taiwan, China and other markets. There are no costs to TTE resulting from the termination of this Agreement.
This Agreement was terminated by mutual consent as HUE now owns the exclusive rights to manufacture, market, and distribute the hydrogen generation technology previously held by Falcon.
--------------------------------------------------------------------------------
Item 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Description
10.1 Cooperation Agreement, dated June 16, 2011
How does 43009 shares trade at 3:00 20% below the bid/ask? Did someone just put a market sell order in and a MM gottem?
I noticed that MM AUTO was the high bid and ask at the same time this week. Is that normal as far as MM' go? Please excuse me if this is a dumb question.
That little update was much welcome news. Things look like they are cooking overseas (imho). Here is the post for anybody that missed it...
PAISLEY, FL--(Marketwire - 02/22/11) - Turbine Truck Engines, Inc. ("TTE") (OTC.BB:TTEG - News), announces that in October 2010, TTE delivered a complete set of drawings for the next generation prototype of the Detonation Cycle Gas Turbine (DCGT) Engine to Beijing Royal Aerospace Facilities Co., Ltd. (Royal). The design was modified based on recommendations of TTE and Royal's experts.
"This next generation prototype represents a step in the advancement of the DCGT technology. State of the art CAD tools were used in addition to significant enhancement of our material selection, design features, and tolerances," said Michael Rouse, TTE's President and CEO.
In early December 2010, TTE and Royal finished converting the new drawings to metric and then to Chinese machining drawing standards as part of our agreement. This process was done in collaboration to create the 6th Generation DCGT that TTE and Royal will both build.
"I believe the modification suggested by our partners to be thoughtful, beneficial, and will lead to the speedy and efficient construction and assembly of our next generation prototype," commented Dr. Magdy Attia, TTE's Chief Technology Officer.
About Turbine Truck Engines, Inc.
Turbine Truck Engines, Inc. is a technology company focused on the development, manufacture, and testing of its new energy efficient and environmentally friendly engine which will be distributed in the United States and abroad. Intended for use in the transportation and power generation sectors, the engine can utilize any fuel that can be gasified (gasoline, diesel, propane, natural gas, hydrogen, methanol, ethanol or LPG) or fuel mixture, yet needs little or no coolant, lube oil, filters, or pumps. Its unique, lightweight turbine design has few moving parts, significantly reducing maintenance costs. The innovative cyclic detonation process produces a near-complete combustion of fuel-oxidizer mixtures, resulting in greater fuel economy and fewer harmful exhaust emissions. For more information concerning Turbine Truck Engines, Inc., visit www.ttengines.com.
About Beijing Royal Aerospace Facilities Co., Ltd.
Beijing Royal Aerospace Facilities Co., Ltd. (Royal) was founded in September 2003, and was granted as a "high-tech enterprise" by Beijing Science and Technology Committee. Royal's business scope includes offering consultation and assistance to foreign companies in sales, investment, and setting up projects in China.
Contact:
Turbine Truck Engines, Inc.PaisleyMichael PattersonCIOMPatterson@ttengines.comTEL: 386-943-8358FAX: 386-943-6232
Hey Mike, This looks real nice. The little spike at the end of day put me in a great mood all night......
Indeed you did, I agree with you. Thanks for the good resource..
Thats an interesting link; Looks like an ongoing effort to keep a few shares open for sale. It is such a small % of the shares, this recuring 90 day cycle is common with any inside holder (imo).
Thanks for the excellent response, This will shape up to be a pretty fun ride (IMHO)
It seems the % of short sell trades is a bit lower then the last month. What do you make of this? Getting support and less shorts,we seem to have set the floor; a bit encouraging.
Great post, I agree. Just a matter of time here.
Interested to see what happens today. Maybe the end of the converting.
I agree,
I have had unfilled orders when the stock trades under my bid. Looking forward to a wild ride that comes with positive news and such a small float available.
This could be very possible; Tuesday volume was 49k for the day with 31k short. Not a lot of legit sellers (imho). With such a small amount of this stock even available; A little good news could have a dynamic effect. Look back to last Oct/Sep, traded the entire flt of available stock in a couple days.
With the low volume and wide spreads (bid/ask); not getting a lot filled here. I agree with you on pending mergers. It may introduce an entire new pool of buyers from oversees as well.
Hope that gives them a little to stew on over the weekend...
Thats funny.... The shorts could get crushed. Have a great day and happy trading my friend.....
Nice PR today on Marketwire.....
DELAND, FL--(Marketwire - 08/18/10) - Turbine Truck Engines, Inc. ("TTE") (OTC.BB:TTEG - News) -- Based on the Joint Venture Agreement between TTE and Beijing Royal Aerospace Facilities Co., Ltd. (Royal), TTE's Chief Technology Officer, Dr. Magdy Attia, is currently meeting in Beijing with Chinese mechanical and material engineering experts regarding the design and construction of the next generation prototype of the Detonation Cycle Gas Turbine (DCGT) engine.
The primary goals for the meetings are to determine the materials to be used for the DCGT, the evaluation of tooling capabilities, and the compliance issues for Chinese standards of the engine. The new prototype will use natural gas as fuel source and will be manufactured in China.
The companies will equally divide the cost of development of the new prototype. Royal has applied for Chinese government funding and will also seek private support through the newly created high-tech division formed specifically for this project. TTE and Royal have also agreed on an aggressive work schedule. Based on a mutually agreed time line, the evaluation and design of the engineering prototype is scheduled to be completed by the end of 2010, and the construction and testing of the newly engineered engine will be completed on or before June 30, 2011. Royal will then present the new model to the engine specialists in Beijing for final evaluation.
Michael Rouse, TTE President and CEO, stated, "We are very excited about this collaboration, and I am highly optimistic about the results our mutual efforts will produce."
Thanks Mike, Thats an excellent resource. Please note the 10-Q from Monday. A bunch of things comming together here.