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How would US investors start a lawsuit against this company. All the company's PR has been IMO lies and fraud? Starting with the Pump and Dump last Jan.
Lately I've been thinking the same thing. Whenever someone says something bad about this company certain people here jump all over them.
People here keep posting about bashers, but what about paid pumpers. The cold hard facts are the stock price has been in a downward free for all since the beginning of the year, falling from 50 cents to 5 cents with no positive news recently released. So if investors are not getting desperate now when should they be?
How do you like the latest line being used,” sometimes no news is good news". That’s their logical explanation for future success. Well using that logic than no news mostly means bad news. Think about that for a while.
Let’s not forget the other gem of wisdom "you should only invest what you can offer to lose." Does that mean its ok for the company to take our investments without a return because we should have only used money we could have afford to loss? Really what’s the point to posting that now when the company stock price has gone down the toilet?
Well that's what he and a few others here have been saying for awhile now. The reason the stock price is going down is because of price manipulation. I for one wish it was true but at some point you have to stop dreaming and face reality.
The terms of the JV deal with CGG are not as good as investors excepted nor is it nearly as good as the initial sales agreement announced. No news as been released to give hopes that the JV deal is being acted upon. The IR firm is shady at best from the conversions I have had with them. That CPOW executive that left this year had been accused of several accounts of stock pump and dump schemes in the past.
The fact of the matter is the price has gone from 50 cents to 5 cents in the last six months. What can those investors in the high teens and up really expected?
The only price manipulation I have seen is from CPOW splitting its stock right before it jumps to 50 cents. Reality check guys, in IMO those of us in the teens and above still holding this stock have been duped.
Why must you all believe that there are powers to be manipulating this stock price down?
Could a more logical reason be that investors don’t like the final terms of the JV with CGG verse the 400k sales agreement that was initial announced or just don’t believe in the company after the pump & dump and lack of news. No, I guess that’s not possible, it must be a conspiracy against the company.
What do you believe is so important about this company that you think the powers to be would spend the last six months manipulating its stock price down?
I bought most of my shares of CPOW the following trading day the news was released regarding the JV with CGG. So if I got sucked in as you say it was by CPOW. I'm in at .18 cents not .30 of you suggested.
It's been 6 months already with a decline in stock price resulting in 75% losses for me. Adding the PR firm’s shady behavior and lack of answers I don't see any news that will raise the stock price back to high teens in the near future.
Of course I hope your right, but at some point you got to face reality. Maybe for you that is several years away with the price still at .05 cents, but for me it's this year.
You call this down hill price slide for the past six months from .50 cents to .05 a temporal what? Wake up at some point you need to face reality.
I'm also at 75% loss. Where r the pump & dumpers when u need them? O ya one of them was fired. Too bad he may have been r only hope.
You are not the first person here to post something like “we are at or close to the trigger price to start the way up”, but still the price drops. Well I guess at some point if the company doesn’t go out of business the price may increase. Therefore since we are nearing one cent you are right we are close to a trigger price.
I have made some bad investments in the past, but this stock is looking to be the worst one ever.
I have never bought a stock that has declined in price as fast as this dog with goods news being released.
There is something shady going on with this stock that we as investors not in the known are missing.
In the end the only story that’s important to me is the share price which has gone down the toilet since the beginning of the year from 30 cents to 5 cents. That's how I determine if a stock is a dog or not!
Every time I think we reached a new floor the stock price goes lower.
Has anyone heard news about the Alabama plant, financing agreement, and or JV deal with CGG?
That IR firm is doing one hell of a job. I guess Mike is keeping everything private except the stock price decline. Maybe I should consider buying more shares once it’s at one cent.
I wouldn't call the price basis that CPOW will buy the meal a trade secret. In fact I believe by law that the public must be informed if not now by at least when brought.
For over a month I have been asking the PR firm the following questions which are “What price bases will CPOW buy meal from the JV with CGG and what price bases will they sell that meal?”
I got the run around for weeks with their staff saying things such as we misunderstood your questions so next week we will have your answers. So after weeks of excuses their response is that “The meal is calculated as an index to soy bean meal, which is traded on the CBOT and that the price bases to buy the meal is private.” Without knowing what price bases CPOW will buy the meal we as investors can’t calculate CPOW’s potential gross revenue from the JV.
IMO the lack of answers from Mike will only erode investor’s already fading confidence in this company. For those of you who don’t believe that the deteriorating stock price is not an indicator of fading investor confidence in this company please do not respond to my post.
P.S. They asked me if I was buying more shares. My response was no, I will not buy more shares without answers to important questions.
What do you believe will happen ........in the next few weeks that will tip the scale in the overall company soundness, value and direction??
Has anyone hear from the IR firm in the last 2 weeks?
I never did get your reply to this statement you made in a post.... putting yourself in the shoes of those in control--what do you suspect will happen next?
Information I got from the IR firm and Ken Kunz.
About two weeks ago I had called the Western Commodities co. to speak to Ken Kunz. They gave me his cell number and told me he was not associated with them. The only time I spoke to Ken was brief due to being disconnected twice. He told me that Mike and he were trying to decide how to process the meal. Don’t ask me for his number because I just moved and no longer have it.
The last time I spoke to the IR firm was also about two weeks ago. They had told me that the Montana plant was not funded and what Mike believes the yearly potential gross revenue figure the JV with CGG will generate for CPOW. I told them that unless they explained how to calculate this figure I would not repeat it to anyone because it was too large to be believable. Prior to this I had been asking the same question for three weeks without an answer. That question was what price will CPOW buy the meal from the JV with CGG and what price will CPOW later than sell the meal.
I have not heard back from the IR firm since nor do I expect too at this point.
I would think the 30 million dollar investment agreement would more than cover the cost?
IBA told me that CPOW planned on increasing the Regina plant’s crushing capacity to 450 MT daily after the next round of funding. One of IBA’s responsibilities is to facilitate private funding for CPOW.
Why would CPOW need private funding in order to increase crushing capacity in their plant since they have just recently entered into an investment agreement for 30 million dollars?
IBA was hired about a month ago as a broker/dealer to find new investors, answer questions, and generate private funding.
No Eagle69 that’s not why I mentioned the KND agreement. I was just answering a members question asked of me.
What I’m curious about is your thoughts on this question.... putting yourself in the shoes of those in control--what do you suspect will happen next?
I’m still waiting on a reply to my questions. Has for the KND agreement look it over again for yourself.
On January 12, 2011, Clean Power Concepts Inc. (the ‘Company’) entered an agreement with K.N.D. Feeds Ltd. (‘KND’) to market the company’s crude canola oil and canola meal off - take on an on - going basis.
KND is a Saskatchewan, Canada based supplier to the livestock feed market, which has been in the feed/commodities sales business since the mid 1980’s. Under this marketing agreement, KND has committed to market the Company’s canola products. The agreement is comprehensive and sets sales estimates of 400 metric tons of canola oil and 600 metric tons of canola meal off take per month for the next five (5) years.
CPOW will buy (not get for free) all the meal and get 5% profit from the JV.
These are interesting questions that have made me uneasy from the start.
Can you please share your ideas on this question.... putting yourself in the shoes of those in control--what do you suspect will happen next?
I spoke to IBA yesterday to ask them the following questions.
1) How will the JV determine the price to sell meal to CPOW and how will CPOW determine the price to sell that brought meal to the public?
I made it clear that without knowing these price figures investors can’t calculate CPOW’s potential gross profit from the JV which we can all agree is extremely important.
2) If CGG news release about shipping seed from Brazil to the USA and Canada to be crushed involved the JV?
3) Is the Montana plant going to be crushing oil for the JV and if not for whom?
I was told that Montana would not be crushing seed for the JV. IMO this plant will be used to support the KND Feeds sales agreement.
On a side note, Mike is back from China.
An employee at the IR firm told me that they own 2 to 3 million shares of CPOW.
That's why I don't believe you can add processing fees into potential gross revenue from the JV for CPOW.
Scout, I agree it is sometimes boring to read these 8k docs. After reading your post I see one key factor in the JV 8k part iii that conflicts with your ideas.
Item 1.01 Entry Into A Material Definitive Agreement.
The Company entered into a Joint Venture Agreement, dated April 29, 2011 (the “Agreement”) with Chongqing Grain Group, Inc. (“CGC”) to establish a joint venture (the “Joint Venture”) for the purpose of (i) agricultural commodities international trade ; (ii) managing and creating logistical channels; (iii) leasing or acquiring one or more 200,000 to 300,000 metric-tons facilities suitable for crushing; and (iv) expanding or building 850,000 metric-tons crushing facilities.
As you stated CPOW is leasing two plants and own shares in another that are separate from the JV. But from my understanding both the Regina and Alabama plants are going to be continuing to produce biodiesel. So that only leaves the Montana plant.
If CPOW can’t transfer the lease of the Montana plant to the JV than should simply sell the oil produced to CGG while they are looking to lease or buy plants for the JV.
This is how I’m connecting the dots. Therefore I don’t see the JV paying CPOW processing fees.
I’m not aware of the Great Plains processing fee of 60/MT. Where did you see this written?
Regardless of that, any plants leased or owned by the JV will incur costs equally by both parties. Therefore no processing fee’s apply to one party.
What do you mean by this statement " When it comes to $$$$ cpow is steadly increasing cash flow and profit and long term this will be a take out target likely by cgg,"
Interesting, thanks for sharing your thoughts. I wasn't looking at it in that way.
I don't understand your post can you explain it? Meal is a by product of the seed crushing process so the JV isn't spending to produce it.
Just becuase CGG can't sell it in China doesn't mean that they are going to let CPOW make $m of profits from it without getting their 95% share.
I don’t see how signing the JV wouldn’t be considered big news. I don’t know what CPOW can do to top this news in the near future. If I’m missing something here please let me know.
Scout, no where have I see it written in the original or final JV agreement that CPOW got 100% of the meal profits. Yet, I get the impression that some people on this broad believe that is the case. CPOW only get 5% profits from whatever the JV sales.
Once CPOW buys the meal it’s now up to them to try and sell it for a profit. That's a big difference.
I think the share price is dropping because investors don't understand the true value of this JV. Most of us can agree that the potential gross revenue to CPOW from JV crude degummed canola oil sales is $ 12,230,000 year.
The key important issue we seem to differ on is the potential gross revenue from meal. At whatever cost CPOW is buying all the meal from the JV they will still only get back 5% in profit. If we use 253.19/mt than potential gross revenue to CPOW from the JV raw meal sales is $3,797,850 year.
500,000MT canola seed crushed * 60% = 300,000MT raw meal
300,000MT meal at $253.19/mt = $75,957,000yr sales of raw meal
$75,957,000yr * 5% = $3,797,850 yr gross meal revenue
Therefore(12.2mm + 3.8mm)= $16,000,000 yr gross potential revenue from both oil and meal from the JV.
But to understand the true value of this deal we need to take into account the gross revenue generated from the sale of the brought meal by CPOW. Can someone find out what price CPOW may sale the meal?
If I didn't make it clear my post #3787 is IMO of how the JV will work. If anyone has different ideas I would be glad to discuss them with you.
The firms is Interactive Business Alliance. I have spoke to Zack and Jon Boyd at 858-794-4089.
Let me know what your think of my post #3787.
Ok let me see if I understand this JV.
CPOW agress to purchases all the meal output/off –take of the JV. CPOW will ship the brought raw meal to another plant to further process pelletized to manufacture pet or other livestock feeds, extract proteins to sell through KND Feeds.
CGG agrees to commit to purchase all oil output/off-take of the JV. CGG will ship the brought crude oil to their china plant to process into edible cooking oil to sell.
Therefore, in my option I calculate CPOW potential gross profits from the JV as follows:
1) 100% profits from processed meal sold less purchase price used to buy from JV.
2) 5% profits from the JV which includes the money CPOW actually used to purchase all the raw meal and 5% profits from all the crude oil brought by CGG.
CPOW doesn’t get any profits from the edible oil sold in China.
These are the answers I have received from the IR firm per my post #3769.
Mike will be required to purchase meal output/off-take of the JV.
The Regina plant is not part of the JV, it is all spoken for. Currently doing 150 MT a day in the Regina plant, and it can triple production with the next round of funding.
The plants were not destroyed by the storm.
I will forward the other answers when I recieve them.
PS: They said Mike is very excited about the future, foreseeing big revenues.