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The Raconteurs - Salute Your Solution
They still got it.
Mister Jung Stuffed - Man Man
Black Keys - I Got Mine
She sure can sing!
New idea in mortuary science: Dissolving bodies with lye
Provided by: The Canadian Press
Written by: Norma Love, THE ASSOCIATED PRESS
May. 8, 2008
CONCORD, N.H. - Since they first walked the planet, humans have either buried or burned their dead. Now a new option is generating interest - dissolving bodies in lye and flushing the brownish, syrupy residue down the drain.
The process is called alkaline hydrolysis and was developed in this country 16 years ago to get rid of animal carcasses. It uses lye, extreme heat and pressure to destroy bodies in big stainless-steel cylinders that are similar to pressure cookers.
No funeral homes in the U.S. - or anywhere else in the world, as far as the equipment manufacturer knows - offer it. In fact, only two U.S. medical centres use it on human bodies, and only on cadavers donated for research.
But because of its environmental advantages, some in the funeral industry say it could someday rival burial and cremation.
"It's not often that a truly game-changing technology comes along in the funeral service," the newsletter Funeral Service Insider said in September. But "we might have gotten a hold of one."
Getting the public to accept a process that strikes some as ghastly may be the biggest challenge. Psychopaths and dictators have used acid or lye to torture or erase their victims, and legislation to make alkaline hydrolysis available to the public in New York state was branded "Hannibal Lecter's bill" in a play on the sponsor's name - Senator Kemp Hannon - and the movie character's sadism.
Alkaline hydrolysis is legal in Minnesota and in New Hampshire, where a Manchester funeral director is pushing to offer it. But he has yet to line up the necessary regulatory approvals, and some New Hampshire lawmakers want to repeal the little-noticed 2006 state law legalizing it.
"We believe this process, which enables a portion of human remains to be flushed down a drain, to be undignified," said Patrick McGee, a spokesman for the Roman Catholic Diocese of Manchester.
State Representative Barbara French said she, for one, might choose alkaline hydrolysis.
"I'm getting near that age and thought about cremation, but this is equally as good and less of an environmental problem," the 81-year-old lawmaker said. "It doesn't bother me any more than being burned up. Cremation, you're burned up. I've thought about it, but I'm dead."
In addition to the liquid, the process leaves a dry bone residue similar in appearance and volume to cremated remains. It could be returned to the family in an urn or buried in a cemetery.
The coffee-coloured liquid has the consistency of motor oil and a strong ammonia smell. But proponents say it is sterile and can, in most cases, be safely poured down the drain, provided the operation has the necessary permits.
Alkaline hydrolysis doesn't take up as much space in cemeteries as burial. And the process could ease concerns about crematorium emissions, including carbon dioxide as well as mercury from silver dental fillings.
The University of Florida in Gainesville and the Mayo Clinic in Rochester, Minn., have used alkaline hydrolysis to dispose of cadavers since the mid-1990s and 2005, respectively.
Brad Crain, president of BioSafe Engineering, the Brownsburg, Ind., company that makes the steel cylinders, estimated 40 to 50 other facilities use them on human medical waste, animal carcasses or both. The users include veterinary schools, universities, pharmaceutical companies and the U.S. government.
Liquid waste from cadavers goes down the drain at both the Mayo Clinic and the University of Florida, as does the liquid residue from human tissue and animal carcasses at alkaline hydrolysis sites elsewhere.
Manchester funeral director Chad Corbin wants to operate a US$300,000 cylinder in New Hampshire. He said that an alkaline hydrolysis operation is more expensive to set up than a crematorium but that he would charge customers about as much as he would for cremation.
George Carlson, an industrial-waste manager for the New Hampshire Department of Environmental Services, said things the public might find more troubling routinely flow into sewage treatment plants in the U.S. all the time. That includes blood and spillover embalming fluid from funeral homes.
The department issued a permit to Corbin last year, but he let the deal on the property fall through because of delays in getting the other necessary permits. Now he must go through the process all over again, and there is gathering resistance. But he said he is undeterred.
"I don't not know how long it will take," he said recently, "but eventually it will happen."
North American Gem applies for more coal permits
2008-05-08 11:36 MT - News Release
Mr. Charles Desjardins reports
NORTH AMERICAN GEM INC. COMPANY APPLIES FOR ADDITIONAL COAL PERMITTING NORTH OF HUDSON BAY, SASKATCHEWAN
North American Gem Inc. has submitted coal permit applications for another 118,733 acres, in addition to the previous acreage as stated in yesterday's release in Stockwatch. This now brings the current total land staking to approximately 252,901 acres, the company continues to add to its potential land position in proximity to the recent Goldsource Mines Inc. discovery, in east-central Saskatchewan.
North American Gem has been contacted by another diamond exploration company that has also drilled into a coal seam, in what it believes could be part of the same Cretaceous-aged coal system. Part of that core is presently being assayed.
"It is our immediate goal to become a major landholder in this region of Saskatchewan through successful permitting," said Charles Desjardins, president of North American Gem. "This acquired additional technical information could support the early theory of the presence of a much larger coal system."
The company will confirm permit grants as documentation is received regarding these coal permits that have been forwarded to the government of Saskatchewan's permitting office. The time frame will be determined by the permitting office. North American Gem has submitted money in trust to the Saskatchewan permitting office.
North American Gem has made a commitment to be active in Saskatchewan for the exploration of coal, whether it be through successful staking by the company or through joint-venture opportunities. The recent coal discovery by Goldsource Mines of bituminous coal in two drill holes 1,600 metres apart, suggests the potential for a much larger coal system. Goldsource believes the coal it encountered is from the Mannville/Swan River Group of Cretaceous age (see Goldsource Mines news in Stockwatch of May 5, 2008). Coal structures of the Cretaceous age are generally very large and can encompass several thousand square kilometres.
Nice move!
like John has himself a golf partner for tomorrow :)
Based on my experience yesterday I think buying you your own CrackBerry would be my best option.
Absolutely, make her feel special by getting out of her hair for a round of golf.
That will give you a "head" start on your golf tan.
You set a bad example on the first run.
Pass the Advil
Nice close, news tomorrow?
Whats that golf pic doing on the header? Lets hit the slopes!!!!!!
Try a little RDL here at 1.14 was 1.50 today
edit 1.20 also
He has a couple million shares so I dont see the dumping you speak of.
For the most part he used some cheaper shares to fund some expensive ones.
He could find other things to spend it on I am sure.
I look forward to your whining about him funding his $10 shares with his cheap $4.75 warrants.
So what exactly is your point? because its coming across as sour grapes you didnt go to university and get a degree
They are in SEDI as a 3-10% security holder so ya if they are selling it will get reported.
he sold 80,000 of 325,000 shares from .60 pp presumably to fund the warrants
so how do you translate that into he has blown out all 100,000 shares from last pp which are still in a hold period lol
Not really listed as buying but as a dealer getting commission, I was speculating that it was Power One dealing to Pinetree.
Which is about as fuzzy as it gets
No it hasnt but are they insiders?
Do they only show up there if they are above a % ownership?
Pinetree acquires 6.81 million shares of Western Potash
2008-05-07 11:10 MT - News Release
Also News Release (C-WPX) Western Potash Corp
Mr. Larry Goldberg of Pinetree Capital reports
PINETREE CAPITAL LTD. ACQUIRES SECURITIES OF WESTERN POTASH CORP.
Following Western Potash Corp.'s initial public offering, Pinetree Capital Ltd. owned 6.81 million common shares of Western Potash and six million common share purchase warrants. In the event that the warrants are fully exercised, these holdings represent approximately 13.3 per cent of the total issued and outstanding common shares of Western Potash as of May 6, 2008, calculated on a partially diluted basis assuming the exercise of the warrants only.
As a result of this transaction, Pinetree and its joint actors held, as at May 6, 2008, a total of 9.81 million common shares of Western Potash, including the common shares, and convertible securities exercisable into 10,045,000 common shares of Western Potash, including the warrants. Of these totals, Pinetree directly holds the common shares and the warrants directly. If Pinetree and its joint actors were to exercise all of the convertible securities, their combined ownership would represent a total of 19,855,000 common shares of Western Potash or approximately 19.8 per cent of such shares outstanding as of May 6, 2008, calculated on a partially diluted basis assuming the exercise of the convertible securities only.
These transactions were made for investment purposes and Pinetree and each of its joint actors could increase or decrease their respective investments in Western Potash depending on market conditions or any other relevant factor.
The $2.65 placement is free trading now and in the money and it looks like Pinetree (Power One) did 10% of it so maybe its them dirty rats selling again.
One look at the PNP chart and its not hard to imagine them being desperate for a profit.
Potash One 4.15-million-share private placement
2008-01-02 14:44 MT - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Dec. 19, 2007.
Shares: 4.15 million shares
Price: $2.65 per share
Warrants: 2,075,000 share purchase warrants to purchase 2,075,000 shares
Exercise price: $3.75 for a 15-month period. However, if four months and one day after closing, the shares of the company close at $4 or more for 10 consecutive trading days, then the company may, upon written notice to the warrantholder, shorten the exercise period to 30 days.
Hidden placees: seven hidden placees participated
Finders' fees: 175,000 units (comprising one share and one-half of one warrant) payable to Peninsula Merchant Syndications Corp. (Sam Magid).
31,500 units (comprising one share and one-half of one warrant) payable to Powerone Capital Markets Ltd.
WiMAX stocks
Time to deliver Stan!
Clearwire Corporation (NASDAQ: CLWR) and Sprint Nextel Corporation (NYSE: S) today announced that they have entered into a definitive agreement to combine their next-generation wireless broadband businesses to form a new wireless communications company.
The new company, which will be named Clearwire, will be focused on expediting the deployment of the first nationwide mobile WiMAX network to provide a true mobile broadband experience for consumers, small businesses, medium and large enterprises, public safety organizations and educational institutions. The new Clearwire expects to dramatically enhance the speed and manner in which customers access all that the Internet has to offer at home, in the office and on the road.
Sprint and Clearwire also announced today that five innovative technology, content and communications leaders – Intel Corporation (NASDAQ: INTC) through Intel Capital, Google Inc. (NASDAQ: GOOG), Comcast Corporation (NASDAQ: CMSCA, CMCSK), Time Warner Cable Inc. (NYSE: TWC), and Bright House Networks – have collectively agreed to invest $3.2 billion into the new company. The investment by the five strategic investors will be based on a target price of $20.00 per share of Clearwire’s common stock, subject to a post-closing adjustment. This adjustment is based upon the trading prices of new Clearwire common stock on the NASDAQ Market over 15 randomly selected trading days during the 30-trading day period ending on the 90th day after the closing date. The price per share will be based upon the volume weighted average price on such days and is subject to a cap of $23.00 per share and a floor of $17.00 per share. In addition, Trilogy Equity Partners, led by wireless veteran John Stanton, will invest directly in the new Clearwire’s common stock.
Upon completion of the proposed transaction, Sprint will own the largest stake in the new company with approximately 51 percent equity ownership on a fully diluted basis assuming an investment price of $20.00 per share. The existing Clearwire shareholders will own approximately 27 percent and the new strategic investors, as a group, will be acquiring approximately 22 percent for their investment of $3.2 billion, both on a fully diluted basis assuming an investment price of $20.00 per share.
Sprint and Clearwire also announced a series of commercial agreements with the strategic investors, including 3G and 4G wholesale agreements.
“For Sprint shareholders, this is an opportunity to unlock and bring visibility to the value of our significant spectrum assets, technology and expertise, by leveraging the technology, applications and distribution strengths of our investors, who together command nearly a half- trillion dollars in market capitalization,” said Dan Hesse, president and chief executive officer of Sprint. “We’ve made an excellent start developing XOHM WiMAX services. Contributing those advances to a strongly backed new company – in which we’ll hold the largest interest – provides Sprint with additional financial flexibility and allows Sprint management to leverage and focus on our core business.
“Additionally, the agreements allowing the new company and our cable company investors to bundle and resell Sprint’s third-generation wireless services strengthen the distribution of our current services while reducing the complexity and enhancing Sprint’s cable relationships,” Hesse added.
Clearwire Chairman Craig O. McCaw, said, “The power of the mobile Internet, which offers speed and mobility, home and away, on any device or screen, will fundamentally transform the communications landscape in our country. We believe that the new Clearwire will operate one of the fastest and most capable broadband wireless networks ever conceived, giving us the opportunity to return the U.S. to a leadership position in the global wireless industry.
Benjamin G. Wolff, chief executive officer of Clearwire, said, “The combination of robust next-generation mobile WiMAX technology and nationwide spectrum that we believe is optimal for delivering mobile broadband services – coupled with substantial new financial resources, a team of experienced wireless industry veterans, and distribution and technology agreements with some of our nation’s leading communications, technology and content companies – creates what I believe to be a once-in-a-lifetime opportunity.
"Given the complexity of this transaction, we have taken the time and effort to do it right, by thoughtfully leveraging the resources and opportunities that we and our investors are bringing to the table. This transaction is tremendous news for the entire Clearwire team – our shareholders, our customers and our employee-partners, and we look forward to partnering with the talented team from XOHM to achieve our shared vision,” Wolff added.
The strategic investors are among the nation’s leaders in communications technology, chipset development and Internet advertising, content and distribution. It is expected that the new Clearwire will have a time-to-market advantage over competitors in fourth-generation services, supported by strong spectrum holdings and a national footprint. Further, it will build on the strong foundation of Clearwire’s rapidly growing subscriber base of nearly 400,000 wireless broadband customers as of year-end 2007, as well as Sprint’s continued XOHM WiMAX network build-out in certain markets throughout this year.
“This agreement is a historic step forward for WiMAX as it represents the first nationwide deployment of a next-generation mobile broadband Internet in the U.S.,” said Paul Otellini, Intel president and CEO. “The agreement also signifies growing industry support for WiMAX. Given its flexibility, coverage and speed, WiMAX will enable the mobile Internet and is already opening doors to a host of new and exciting applications, devices and business models around the world.”
“Google is a firm believer in supporting new ways for people to access the Internet," said Eric Schmidt, chief executive officer and chairman of Google. "We are proud to invest in the new Clearwire alongside several leading technology and communications companies, and we believe that its planned WiMAX network will increase the ability for users to get high-speed broadband anytime, anywhere.”
“This is a great coalition of innovative companies that have joined together to create the next generation of mobile wireless products. It is exciting to be on the ground floor of this new venture that we believe will create unprecedented high-speed wireless products and make them available across the nation,” said Brian L. Roberts, chairman and chief executive officer of Comcast Corporation. “This transaction is attractive to us strategically and financially and puts in place very attractive wholesale relationships for access to Sprint’s existing 3G and Clearwire’s 4G networks, giving us complete flexibility to introduce wireless mobility in terms of product innovation and deployment.”
“This exciting new venture enables Time Warner Cable to help shape the next generation of wireless services in ways that will complement and enhance our products and services," said Glenn Britt, Time Warner Cable’s president and chief executive officer. “We're committed to giving our customers more control over how and where they can easily connect to what's important to them - entertainment, information, and each other. The agreements we're announcing today are a financially prudent way for us to add mobility to our offerings when our customers demand it."
“We are pleased to join our fellow cable operators as well as the new technology and wireless investors in this strategic venture. This broadband wireless relationship will help us to continue to provide the best possible competitive services for our customers, today and in the future. It is consistent with our commitment to delivering customers the products and services that they desire, whenever and wherever they want,” said Robert J. Miron, chairman and chief executive officer of Bright House Networks.
The new Clearwire expects to offer mobile wireless Internet services on a broad array of new devices that will be made possible by integrated WiMAX chipsets, scalable operating expenses and a commitment to an open architecture.
Mobile WiMAX is a standards-based wireless broadband technology designed to operate multiple times faster than today’s 3G wireless networks. With embedded WiMAX chipsets in laptops, phones, PDAs, mobile Internet devices and consumer electronic equipment, mobile WiMAX technology is expected to allow users to wirelessly access a range of multimedia applications, such as live videoconferencing, recorded video, games, large data files and more – anywhere in the network coverage area.
The transaction has been approved by all of the parties’ boards of directors, and is expected to be completed during the fourth quarter of 2008. The transaction is subject to various closing conditions including, but not limited to, the approval of Clearwire’s stockholders, and receipt of regulatory approvals, including the approval of the Federal Communications Commission and clearance under the Hart-Scott-Rodino Act.
Governance
The new Clearwire’s board of directors will be comprised initially of 13 members, including seven directors to be named by Sprint of whom at least one will be independent; four named by the strategic investors of whom at least one will be independent; one named by Eagle River, the private investment company controlled by wireless pioneer Craig O. McCaw; and one independent member to be nominated by the new company’s Nominating Committee.
The parties currently expect Craig McCaw to serve as non-executive chairman of the board. Along with McCaw, other directors expected to serve for an initial one-year term as new Clearwire board members are Dan Hesse, Sprint’s president and CEO, Brian Roberts, Comcast’s chairman and CEO, and Glenn Britt, Time Warner Cable’s president and CEO. In addition, John Stanton, chairman and CEO of Trilogy Equity Partners and former chairman and CEO of VoiceStream and Western Wireless, is expected to serve on the board.
Overview of the New Clearwire
The new Clearwire will apply for listing of its common stock on the NASDAQ under the ticker “CLWR.” The management team will be led by Benjamin G. Wolff, currently CEO of Clearwire, as the new company’s CEO and Barry West, currently Sprint’s Chief Technology Officer and XOHM business unit leader, as president of the new Clearwire. Staffing for the new Clearwire will include the talent from both Clearwire and Sprint’s XOHM business unit. The headquarters of the new Clearwire will be located in Kirkland, Wash. The new company will continue to have a significant employee presence, including research and development, in Herndon, Va.
The investment by Intel Capital, Google, Comcast, Time Warner Cable and Bright House Networks will be used to advance the development of the new Clearwire’s mobile WiMAX network. This nationwide footprint is underpinned by the substantial next-generation wireless broadband spectrum portfolio that Sprint and Clearwire collectively hold in the United States. The combined wireless spectrum should allow the new Clearwire to achieve greater coverage, cost and operational efficiencies, and bandwidth-utilization than either company could by operating alone. The new Clearwire is targeting a network deployment that will cover between 120 million and 140 million people in the U.S. by the end of 2010.
In addition to spectrum, Sprint will contribute to the new Clearwire certain hardware, software and all of its WiMAX-based trademarks and other WiMAX-related intellectual property. The new Clearwire expects to materially reduce capital and operating expenditures by leveraging Sprint’s existing infrastructure, reducing the cost of building out the mobile WiMAX network nationwide. The new Clearwire expects to utilize Sprint’s towers, fiber network and IT support at favorable bulk rates. Sprint also will realize cost savings for its core business by sharing certain costs of towers and other infrastructure.
The agreements with the strategic investor group define significant new commercial relationships, including:
* Intel will work with manufacturers to embed WiMAX chips into Intel® Centrino® 2 processor technology-based laptops and other Intel-based mobile Internet devices, and will market the new company’s service in association with Intel’s performance notebook PC brand.
* Google will partner with the new Clearwire in the development of Internet services, advertising services and applications for mobile WiMAX devices. In addition, Google will be the search provider and a preferred provider of other applications for the new Clearwire’s retail product.
* Google will partner with the new Clearwire on an open Internet business protocol for mobile broadband devices. The new Clearwire will support Google’s Android operating system software in its future voice and data devices that it provides to its retail customers.
* Sprint, Comcast, Time Warner Cable, and Bright House Networks will enter into wholesale agreements with the new Clearwire, becoming 4G providers of new Clearwire’s mobile WiMAX service.
* Comcast, Time Warner Cable, and Bright House Networks and, after completion of the transactions, the new Clearwire, will enter into 3G wholesale agreements with Sprint, becoming bundled providers of Sprint’s wireless voice and data services, expanding the reach of Sprint’s network to more customers, while providing the cable companies a simpler, more effective vehicle to bundle wireless services.
* Sprint and Google have also entered into an agreement related to Sprint's mobile services, whereby Google will become the default provider of web and local search services, both of which will be enabled with location information, for Sprint. Sprint will also preload several Google services - including Google Maps for mobile, Gmail and YouTube - on select mobile phones and provide easier access to other Google services.
* Google and Intel have options to enter into 3G and 4G wholesale agreements with Clearwire and Sprint respectively and have no current plans to do so.
Terms of the Transaction
Under the terms of the agreement, Clearwire will merge into a newly created indirect subsidiary. In the merger, shares of Clearwire’s Class A Common Stock, together with all outstanding options and warrants to purchase shares of Clearwire stock, will be converted into an equivalent number of new shares, options or warrants, respectively, in the new Clearwire. Additionally, all of Clearwire’s outstanding shares of Class B common stock, which are held by Eagle River and Intel, will convert into shares of Clearwire’s Class A Common Stock prior to the merger. Going forward, the shares of the new Clearwire will each have one vote per share. The target price of $20.00 per share implies a total equity value of approximately $3.9 billion for the existing Clearwire business.
Sprint will contribute all of its 2.5 GHz spectrum and its WiMAX-related assets into a subsidiary of the new company. The implied equity valuation of Sprint’s contribution is approximately $7.4 billion which will result in approximately 51 percent ownership, based on the target price of $20.00 per share.
Comcast will invest $1.05 billion, Intel Capital will invest $1.0 billion in addition to its previous investments made in Clearwire, Time Warner Cable will invest $550 million, Google will invest $500 million, and Bright House Networks will invest $100 million, for an aggregate total of $3.2 billion. The investments by Intel Capital, Comcast, Time Warner Cable and Bright House Networks and the contributions from Sprint will be made into a limited liability company subsidiary of the new company. Google will invest directly in the new Clearwire’s Class A common stock. In a separate transaction to occur 90 days after closing, Trilogy Equity Partners will invest $10 million in the purchase of shares of Class A common stock on the same pricing terms as the other investors.
The total transaction value will be approximately $14.5 billion, assuming an investment price of $20.00 per share.
Financial and Legal Advisors
Clearwire was advised by financial advisors Morgan Stanley and JPMorgan, and by legal counsel Davis Wright Tremaine LLP and Kirkland & Ellis LLP. Sprint was advised by financial advisors Citigroup and Lehman Brothers, and by legal counsel King & Spalding LLP, as well as by Jones Day on certain matters.
Conference Call Information
Executives of Clearwire and Sprint will discuss this announcement during a conference call at 8:30 a.m. EDT. The call in numbers are: U.S./Canada: 866-297-0891 or International/Local: 706-679-8981. The conference call passcode is 46844209. The call will be available for replay shortly after it concludes. The replay call number is 800-642-1687 or 706-645-9291 and the replay ID number is 46844209. Slides for the call will be simultaneously webcasted and can be accessed via the Internet at http://investors.clearwire.com or http://www.sprint.com/investors. The conference call will be archived and available for two weeks after the call.
About Clearwire
Clearwire, founded in October 2003 by wireless pioneer Craig O. McCaw, is a provider of simple, fast, portable and reliable wireless high-speed Internet service. Clearwire customers connect to the Internet using licensed spectrum, thus eliminating the confines of traditional cable or phone lines. Headquartered in Kirkland, Wash., the company launched its first market in August 2004 and now offers service in 50 markets across the U.S. as well as in Europe. For more information, visit www.clearwire.com.
About Sprint
Sprint offers a comprehensive range of wireless and wireline communications services bringing the freedom of mobility to consumers, businesses and government users. Sprint is widely recognized for developing, engineering and deploying innovative technologies, including two wireless networks serving approximately 54 million customers at the end of 2007; industry-leading mobile data services; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. For more information, visit www.sprint.com.
About Intel Capital and Intel
Intel Capital, Intel's global investment organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, home, mobility, health, consumer Internet, semiconductor manufacturing and cleantech. Since 1991, Intel Capital has invested more than US$7.5 billion in approximately 1,000 companies in 45 countries. In that timeframe, 168 portfolio companies have gone public on various exchanges around the world and 212 were acquired or participated in a merger. In 2007, Intel Capital invested about US$639 million in 166 deals with approximately 37 percent of funds invested outside the United States. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com.
Intel, the world leader in silicon innovation, develops technologies, products and initiatives to continually advance how people work and live. Additional information about Intel is available at www.intel.com/pressroom.
About Google Inc.
Google's innovative search technologies connect millions of people around the world with information every day. Founded in 1998 by Stanford Ph.D. students Larry Page and Sergey Brin, Google today is a top web property in all major global markets. Google's targeted advertising program provides businesses of all sizes with measurable results, while enhancing the overall web experience for users. Google is headquartered in Silicon Valley with offices throughout the Americas, Europe and Asia. For more information, visit www.google.com.
About Comcast Corporation
Comcast Corporation (NASDAQ: CMCSA, CMCSK) (http://www.comcast.com) is the nation's leading provider of entertainment, information and communications products and services. With 24.7 million cable customers, 14.1 million high-speed Internet customers, and 5.2 million voice customers, Comcast is principally involved in the development, management and operation of broadband cable systems and in the delivery of programming content.
Comcast's content networks and investments include E! Entertainment Television, Style Network, The Golf Channel, VERSUS, G4, PBS KIDS Sprout, TV One, ten Comcast SportsNet networks and Comcast Interactive Media, which develops and operates Comcast's Internet business. Comcast also has a majority ownership in Comcast-Spectacor, whose major holdings include the Philadelphia Flyers NHL hockey team, the Philadelphia 76ers NBA basketball team and two large multipurpose arenas in Philadelphia.
About Time Warner Cable
Time Warner Cable is the second-largest cable operator in the U.S., with technologically advanced, well-clustered systems located mainly in five geographic areas — New York state (including New York City), the Carolinas, Ohio, southern California (including Los Angeles) and Texas. As of March 31, 2008, Time Warner Cable served approximately 14.7 million customers who subscribed to one or more of its video, high-speed data and voice services, representing approximately 33 million revenue generating units.
About Bright House Networks (BHN)
Bright House Networks is the nation’s 6th largest MSO with 2.4 million customers in several large markets including Bakersfield, California; Birmingham, Alabama; Detroit, Michigan; Indianapolis, Indiana; Orlando, Florida (Central Florida Division) and Tampa Bay, Florida along with several other smaller systems in Alabama and the Florida Panhandle. The high-growth Tampa/Central Florida markets are contiguous and form one of the country’s largest cable clusters. BHN’s corporate locations are in Syracuse, New York and Orlando, Florida.
SAFE HARBOR
This news release includes “forward-looking statements” within the meaning of the securities laws. The statements in this news release regarding agreements between Sprint and Clearwire and the investors and the benefits to Sprint and Clearwire of the arrangements contemplated by the agreements; plans for the development and deployment of a broadband network based on WiMAX technology; the timing, availability, capabilities, coverage, and costs of the WiMAX network; products and services to be offered on the WiMAX network; the expected closing date of the transaction; and other statements that are not historical facts are forward-looking statements. The words “will,”“would,”“may,”“should,” "estimate," "project," ”forecast,” "intend," "expect," "believe," "target," “designed” and similar expressions are intended to identify forward-looking statements. Forward-looking statements are projections reflecting management's judgment and assumptions based on currently available information and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements.
Future performance cannot be assured. Actual results may differ materially from those in the forward-looking statements due to a variety of factors, including, but not limited to:
* the ability of Sprint and Clearwire to complete the merger and other transactions contemplated by the definitive agreements and satisfy the conditions thereunder, including obtaining Clearwire stockholder, FCC and Department of Justice approvals;
* the uncertainties related to the implementation of each company’s respective WiMAX business strategies;
* the costs and business risks associated with deploying a WiMAX network and offering products and services utilizing WiMAX technology;
* the inability of third-party suppliers, software developers and other vendors to perform requirements and satisfy obligations necessary to create products and software designed to support WiMAX features and functionality, under agreements with one or both of Sprint and Clearwire;
* the impact of adverse network performance;
* other risks referenced from time to time in each company’s respective filings with the Securities and Exchange Commission, including in the Forms 10-K for the year ended December 31, 2007, in Part I, Item 1A, “Risk Factors.”
Sprint and Clearwire believe the forward-looking statements in this press release are reasonable; however, you should not place undue reliance on forward-looking statements, which are based on current expectations and speak only as of the date of this release. Sprint and Clearwire are not obligated to publicly release any revisions to forward-looking statements to reflect events after the date of this release.
Important Additional Information will be Filed with the SEC
In connection with the proposed transaction, a registration statement on Form S-4 will be filed with the Securities and Exchange Commission. CLEARWIRE SHAREHOLDERS ARE ENCOURAGED TO READ THE REGISTRATION STATEMENT AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE, INCLUDING THE PROXY STATEMENT/PROSPECTUS THAT WILL BE PART OF THE REGISTRATION STATEMENT, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE MERGER AND RELATED TRANSACTIONS. The final proxy statement/prospectus will be mailed to shareholders of Clearwire. Investors and security holders will be able to obtain the documents free of charge at the SEC’s web site, www.sec.gov, or by directing a request to Clearwire Investor Relations at investorrelations@clearwire.com or (425) 216-4735. In addition, investors and security holders may access copies of the documents filed with the SEC by Clearwire on Clearwire’s website at www.clearwire.com, when they become available.
Participants in Solicitation
Sprint, Clearwire and their respective directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies in respect of the proposed transactions. Information concerning Sprint’s participants is set forth in the proxy statement dated March 27, 2008 for Sprint’s 2008 annual meeting of shareholders as filed with the SEC on Schedule 14A. Information concerning Clearwire’s participants is set forth in the proxy statement dated April 29, 2008 for Clearwire’s annual meeting of stockholders as filed with the SEC on Schedule 14A. Additional information regarding the interests of participants of Sprint and Clearwire in the solicitation of proxies in respect of the proposed transactions will be included in the registration statement and proxy statement/prospectus contained therein, to be filed with the SEC. Once filed, those documents will be available free of charge at the websites of the SEC and Clearwire.
hope that seals it
cant figure VST out
was looking up now some dumping
maybe an op
and hope your not selling with the dry heaves
yup not enough promotion - yet
My O&G juniors are looking sad
HOD $10
Paul is working on a $20 company not a $5 one.
Insiders have not sold any significant amount.
Stormont has a majority of shares and is controlled by Roderick M. Bryden, chairman of PharmaGap. They have over 60% of the float.
2008-04-07 13:14 GAP PharmaGap Inc 0.065 SEDAR Early Warning Report
SC Stormont Holdings Inc
In total, the Offeror owns PharmaGap Series 1, Series 2, Series 3 and Series 4 Debentures (including those Debentures described in part 3 of this report) in the aggregate principal amount of $2,945,000, which, if fully converted (including accrued interest to April 4, 2008 and the exercise of all attached warrants), are convertible into 34,588,286 common shares of PharmaGap. In addition, the Offeror will own 1,533,462 PharmaGap common shares, which represents approximately 6.1% of the issued and outstanding PharmaGap common shares. The Offeror also holds a further 3,193,811 options to purchase of PharmaGap common shares through over the counter options with certain principals of PharmaGap.
So they previously owned 1.5M shares = 6.1% of the existing float of approx 25M
34.6M from debentures are in the money now
3.2M options probably in the money now too
25 + 34.6 + 3.2 = 62.8 total float
1.5 + 34.6 + 3.2 = 39.3 total for Stormont
39.3/62.8 = 62.6%
No sign of any selling by Stormont.
This could be Mr. Bryden's goose that lays golden eggs.
I gather down there they have a field which they need CO2 for flood.
North Peace Energy loses $1.2-million in fiscal 2007
2008-04-08 07:54 MT - News Release
Mr. Louis Dufresne reports
NORTH PEACE ENERGY ANNOUNCES OPERATIONS UPDATE AND 2007 FINANCIAL RESULTS
North Peace Energy Corp. has released operating and financial results for the year ended Dec. 31, 2007.
Fourth quarter operations and financial update:
* The company completed the winter delineation program; the total number of delineation wells drilled by North Peace is now 17.
* The company refined geological mapping and identified an eight-section focus area for the first phase of a 24-section commercial development area.
* It initiated preliminary environmental baseline work on the commercial project area.
* It had cash and cash equivalents of $10-million and no debt as at Dec. 31, 2007.
* Capital expenditures were $2-million in the fourth quarter and $24-million for the year ended Dec. 31, 2007.
Cyclic steam stimulation (CSS) pilot project update:
* ERCB and Alberta environment approvals for the pilot project are pending.
* The steam generator has been moved to Edmonton, where it is being refurbished with a new low-emissions burner and instrument panel.
* The pilot site has been cleared and is ready for horizontal drilling and pilot facility construction.
* Detailed process engineering is complete.
* Major equipment request for quotations have been issued.
* Initial testing of the water source is complete.
* The company has secured and tested the water disposal well.
* Two company-owned saline carbonate aquifers have been identified for potential CO2 sequestration.
* The two CSS-capable horizontal wells will be drilled after spring breakup and pilot facility construction will begin shortly thereafter; all long-lead equipment has been procured for drilling and construction.
* The project is progressing as per the schedule and budget identified in the third quarter of 2007.
Louis Dufresne, president of North Peace, commented: "North Peace Energy has now completed its first full year of operations and it proved to be a very successful 12 months. We began trading publicly on the Venture Exchange, assembled a complete management and technical team, obtained a 100-per-cent interest in our landholdings, mapped and further delineated our resource, identifying 24 contiguous sections of net pay averaging 12 metres, determined CSS as the thermal recovery method best suited to produce the resource, and identified Canadian Natural's Primrose as a strong-producing analogue to our reservoir. We are now on the verge of building our own pilot project, and anticipate we will have first steam and production by year-end."
And yet down south these guys are exploring for CO2
Kodiak Energy adds to landholdings for N.M. CO2 project
2008-01-31 15:23 MT - News Release
Mr. William Tighe reports
KODIAK ENERGY, INC. ANNOUNCES COMMENCMENT OF DRILLING / SEISMIC PROGRAM WITH OPERATIONS UPDATE ON IT'S NEW MEXICO PROPERTIES
Kodiak Energy Inc. is providing an exploration/development program for its New Mexico properties and provide an operations update to the project.
Kodiak is the operator with 100-per-cent working interest in the project comprising approximately 57,000 acres in northeastern New Mexico.
Kodiak continues to define the New Mexico CO2 project in multiple parallel paths. The company has acquired additional lands through the state land auction process and has tendered offers to private holders of mineral leases which, if successful, will increase the company's land position by approximately 25 per cent. A 38-mile seismic program has been defined and Kodiak is currently obtaining bids on equipment, licensing process started and the program is expected to commence within 30 to 45 days. In addition, work is very actively being progressed to obtain a drilling rig for a three-to-four-well drilling program. Four drill locations have been surveyed and licensing has been initiated. This drilling program combined with the seismic program will assist to further define the project with testing for deliverability, pay thicknesses, reserve estimates, helium potential and other hydrocarbons, and thus overall project economics. An engineering report is expected to be commissioned upon obtaining results. Work is continuing to identify a potential deeper gas/oil target. The seismic will help to define this, and depending upon results, a drilling licence will be applied for this target, also.
Engineering firms have been contracted to assist with completion of a plan of development (POD) which will lead to a detailed plan for this project for the next five to 10 years, to maximize the return of investment and determine the optimum capitalization plan for the project. Targets are May 1, 2008, for POD, financing sourced by July 1, 2008, sufficient engineering complete by Sept. 1, 2008, for a Construction start very soon afterward. Target goal of first production of commercial volumes of CO2 by end of 2008. CO2 would be sold into the existing pipeline systems feeding the Permian basin. Target dates are subject to change as new information becomes available.
The Edmonton Journal - Wednesday, April 30, 2008
Duncan Thorne
EDMONTON - The way former premier Don Getty sees it, his company's plan for 250 greenhouse-gas-storing salt caverns will be huge.
That's what people in Two Hills fear.
Others suggest his proposal to bury 113 million tonnes of carbon dioxide, captured from oilsands production, won't happen soon.
Getty's Edmonton company, Capital Reserve Canada Ltd., says it's ready to go this spring. But it has yet to seek government approval, and it's unclear how it will get hold of all that CO2.
Regardless, folks in Two Hills, 110 kilometres east of Edmonton, are taking the company's announcements seriously.
Getty, premier from 1985 to 1992, is company chairman. Now 74, he has said that in 2006 CRC bought mineral rights to 2,500 acres -- about 10 square kilometres -- and an adjacent site that comes with a high-volume water diversion permit and a pumping station on the North Saskatchewan River.
There are four existing salt caverns at one of the sites, created by a former owner while creating brine for chemical production.
CRC held a meeting with Two Hills residents last November to discuss its plans, although residents and county officials say it provided few details.
Getty announced to investors in March that the company had completed a development strategy. CRC said it "expects moving forward this spring to begin the construction of 250 salt caverns and the infrastructure to support the storage capacity of up to 125 million tons (about 113 million tonnes) of CO2."
The announcement added: "This has the potential to be the largest project of its kind in North America."
CRC said the construction would happen over four years. Filling the caverns with CO2, from oilsands production, would possibly start after two years.
Investment announcements from small companies generally don't reach the broader public. But people in Two Hills have monitored CRC's communications ever since they noticed activity at the site last fall.
"People are really starting to get concerned," resident Amil Shapka said.
Shapka, who held a meeting with other residents this month, said concerns include the fear that an accident or natural disaster could spew CO2 from a cavern, asphyxiating people. More than 1,700 died from CO2 that erupted from a lake in Cameroon in 1984.
"The volumes of CO2 there were small compared to what they're talking about here," said Shapka, a dentist.
Robert Jorgensen, chief administrator for the County of Two Hills, said CRC has told the county little about its plans. "Everybody's speculating but we don't know any more than the government."
CRC must apply first to the Energy Resources Conservation Board. If the ERCB accepts it, the plan would need the OK from Alberta Environment officials and final approval from Environment Minister Rob Renner. At each stage there is "an extraordinary level of scrutiny, so this
isn't an overnight project," said Darin Barter, speaking for the ERCB.
In a document filed in 2007 with the United States Securities and Exchange Commission, CRC said it applied to the Alberta Energy and Utilities Board, as the ERCB was then known, for permission to start work on the site.
But company president Steve Claussen said he has yet to file an ERCB application. Claussen told The Journal that CRC's securities declaration dates from before he took charge. He said he is trying to find out why it mentions an EUB application.
Barter said if CRC applies and local residents object, there will be a public hearing. He added: "We have salt caverns up near Fort Saskatchewan, and they've taken years to get to the point where they're actually functioning."
Stefan Bachu, a senior ERCB scientist and renowned expert on CO2 storage, said salt caverns have advantages over pumping the greenhouse gas into the porous rock of disused oil and gas formations, as caverns are easier to fill. But while an accidental leak is unlikely, it could happen more quickly from a cavern, and becomes more of a concern long after the cavern is abandoned.
David Keith, also an international expert in the field, agreed caverns can provide safe storage -- but not as safe as in saline and oil and gas formations, where CO2 can't leak out fast in the event of a disaster.
The Alberta Research Council and ARC Resources has chosen an oil formation northeast of Edmonton, the Redwater geological reef, to eventually store a billion tonnes of CO2 or more.
"In a salt cavern, you've actually stored the carbon dioxide in a high pressure vessel," Keith, who led a Nobel Prize-winning study on global warming with Bachu, said from the University of Calgary. "It's important to say that salt caverns are way down the list of things we'd really do for storage."
He added there is no system in place for collecting CO2 from the oilsands, and no pipeline for shipping it to Two Hills.
There's also the matter of whether CRC can pull together such a big project.
The company's most recent, 2006, financial report on file at the SEC includes an auditor's caution about "substantial doubt" the company is healthy enough to remain a going concern. It then had eight employees.
The shares, which trade thinly in the U.S. among brokers and not on a stock exchange, sold above $1 in 2006. They closed Tuesday at two cents.
The SEC file indicates Getty receives no payment as chairman but owned 2.4 per cent of the company as of last May. The company handed him part of his holdings to settle a $25,000 US debt.
Getty could not be reached for comment but Claussen, the CRC president, said by e-mail the company is committed to infrastructure development at Two Hills "over the next four years."
Claussen said the plans include a pilot project to convert CO2 into gasoline and other fuels.
He did not explain the process but research labs have converted CO2 into oxygen and carbon monoxide, an ingredient used in making synthetic fuels.
The company is doing the final work on a development strategy for Two Hills and will apply to the ERCB and other regulators as required, Claussen said.
CRC subsidiary Two Hills Environmental "is exploring co-ordination opportunities with industry and government," he said.
Despite reported financial concerns, Claussen indicated CRC can handle the project, which he valued at $150 million. "... the company has been inundated with opportunities to meet our funding requirements both in Alberta, Canada and internationally."