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Quote:
"The word "proof" is being used very lightly by many posters on this boards palms. We can deduct some conclusions from observations without 'seeing' them directly."
Boy, you couldn't have said that any better!
Seems to me the approach 97% of the longs on this forum take is looking at all the extremely disparate little bits of info given them by the Company and then working really hard to congratulate themselves and each other when they are able to derive from said information some conclusion that looks positive for CPOW.
This board should be required reading for anyone looking for a real life lesson in Confirmation Bias.
.085! Nice one, I really wish I woulda been watching more closely when it was at that level. I was "this close" to pulling at .085, but had other things on my mind at the time and just didnt do it. I ended up getting in at .11 and liquidating all positions at .143 (I had been holding a rather small position at .142 from back when CPOW had last been at that low).
Now Im waiting, cause it's my belief that CPOW will continue to bleed slowly back down to the single digits. This is how it's acted since December. A big news-based spike followed by a pretty quick plummet of about 60-70% of the original rise, followed then by a slow painful decline over weeks and months.
Whether CPOW will climb back to even .15+ levels is definitely news-reliant, and completely dependent on the outcome of these plans. For a while I thought I was okay with the gamble, and having the outcome of the money I did have in completely out of my control, but when the market gave me an out-with-small-profit at .143 I decided to take it.
I too still have a soft spot for this stock. I look at that soft-spot as I would a tempting snake! hehe. I do want back in, and that's what scares me. But, yeah, Im gonna watch it and maybe speculate some more down in the singles.
And if tere's some major news blast and the beginnings of a big run, Im might just get back in then too.
But for now I wait and feel glad.
jkl146, I think that youre argument that CPOW hlding steady, though slightly depressed, after the report as evidence that penny stock investors hold based upon waiting for news (ie holding out hope for what they are waiting) is probably correct, but it doesnt justify that method as a viable and long-term sustainable trading strategy.
While I think you are right (obviously there are many holding out hope, or else CPOW would have slithered closer to its real valuations), it is this very sort of thinking that I am warning against.
As long as it is repeated, people will be burned by the market.
But the fault will always lie with them for not heeding warnings.
Listen, Im not saying CPOW isnt going anywhere. It MIGHT.
I am, and always have said, dont look for information to confirm your hopes. That is called confirmation bias, and it leads to tears.
Be objective.
KNOW that you CAN lose 100% of your "investment" in this stock.
Be okay with that. And if you are not, reduce the size of your position, no matter how committed you feel.
No matter how much you hope.
No matter how much you want it to go to $1 or how much you ONCE THOUGHT it would go to $1.
CPOW's input costs are high, but the important thing is margin. They have a 24% profit margin, if Im doing the math correctly, which isn't too shabby.
But yeah, continued operating deficits can only go on for so long.
And I still see more plans more plans more plans. Ive become very pessimistic about the Chong Qing deal, which is the main "big" deal in their pipeline.
They were supposed to have hosted some major delegation of ChongQing reps and State reps about a month ago, but not word or news one way or the other. That's not very good, from a long persepctive.
Honest smell test? Doesn't smell great.
Why no press release for the 10-Q. Look at how the market is reacting to the 10-Q. Depressed, but not panicked.
Look how the market reacted to their latest "intent to aquire" ... with 48 hour jubilation followed by ... depression.
CPOW's ASSETS are not even a million $, Rev a little over a mil, income negative, and long term debt almost 3 MIL! ... but their market cap is $26 Million at current prices! That means the market is ALREADY pricing huge future gain potential into the price!!!
How long is it going to take CPOW to really be worth 26 million in value!? Ask yourself that one question honestly. If you had 26 million, would you buy Clean power Concept's business today? If the answer is no, you probably shouldnt be buying the stock either (and you might should consider selling it, cause selling a company worth negative dollars for 26 million dollars is a pretty good deal)! Cause it's tantamount to the same thing.
Anyway ... Ive been watching this baby for a long time too ... and Ive been wanting to be long, and have been long a lot. I used this latest pop to get out at a small profit. Happy me! Now Im just gonna sit back and wait.
Listen ... some of you guys WANT to believe in this thing. It mgiht go some where ... but if you feel HOPE for a stock, go sell that shtick RIGHT NOW!!! cause hope is a four letter word in the market.
Listen ... all prospects for this company are tied up in WHAT IFS ... and the proposed timeline for many of those whatifs have passed and are passing without any comment. The Risks Are Many! Note Them!
Speculate (cause putting money on this stock cannot even remotely be thought of as investing) in this company ONLY what you will not regret losing. I repeat ...:
SPECULATE IN THIS COMPANY ONLY WHAT YOU WILL NOT REGRET LOSING
As long as you do that, you should be fine.
Angel, sorry I havent been on here in a while to respond to your request that I verify that minimum threshold requirements are placed upon insitutional invesotrs. I never thought of looking up proof of that! lol I have to admit I've just "known" it from reading about so many companies wanting to get above the $5 limit so they'll be opened up to a greater variety of investment. And also just heard the fact mentioned a lot before.
To find verification I guess you'd have to look at each institution to see what thei'r standards are, as I assume they're alla bit different. But I believe $5 is the standard. I believe very very few trade pennys and OTCs.
Please correct me if Im wrong anyone!
Hey Jackroch, sorry I havent been on here in about a week.
No I havent done any more DD on the Alabama deal than what I could find after a reasonable amount of effort with ole Google.
Ive kind of come to terms with this company. It's an all or nothing issue, pretty much, and Ive decided to be tied in for a long haul with only so much invested that I wont stay awake or think about it during the day hoping the price hasnt dropped again.
Therefore, I dont really care the price is sliding. Im not surprised, in fact. It's behaving as I assume this stock should behave given its recent history and its tangible present value.
Ive only got in it what Im willing to lose in the event that the worse-case happens and everything falls through to bankruptcy. I seriously hope this doesnt happen for alot of reasons, but it's always a chance.
I very very very much doubt at this point that CPOW is a fraud. That worry is pretty much off my radar.
So now Im just keeping an eye on er out of my peripherals.
Cant deny my fingers aren't crossed, cause even a small amount in this company could become big. If everything pans out for them.
Peace (and I mean that)!
Good description of short interest and how to read it:
http://www.investopedia.com/articles/01/082201.asp
Angel ... most institutional buyers are prohibited from purchasing stock under $5. So you're prediction of a pop tomorrow based upon institutional investment must be revisited.
Jachroch, it was me that was saying that the short interest was low. I wouldnt say that I was "downplaying" it. Just stating a fact pertaining to what short interest is, and how CPOW's short interest looks relative to other stocks.
The shown volume of shorts/day is largely insignificant, honestly. It just shows that there are people playing the short end, and not very significantly at that. If the short volume were equal to or greaterthan the long volume, that would be another story, and I wager we'd see a pretty sharp dip in the price! (though possibly followedby a quick jump as they cover).
The price is holding steady because there is a sort of tug-of-war going on right now. And both shorters and longers are making money off of the bid/ask spread ... IMO.
The predict a short squeeze you look at total short interest in the stock, which is the amount of shorts held presently relative to the avg daily volume. What I said in my earlier post was that if CPOW had 800,000 shares held short, that is onlya third or so of the avg daily volume, or a short interest ratio of .33. You need to have a short interest ratio of about 2.5+, I believe, to start thinking short squeeze. Having a short interest ratio of 1 or higher means that it would take one day or more at present avg. volume to cover all the shorts. Thats when you get in short squeeze territory.
Id love to see a short squeeze on this stock. Cause, Im long!Doesnt mean its gonna happen though.
Good point about the insider trading thing.
My interest was more to just talk to the guy to confirm he's really in business to the tune of 60,000 mts per year and maybe what he thinks of CPOW. Might still be a stretch. But then, I havent talked to anyone that can give me contact info anyways, so mute point. Havent tried to call the mayor of Bjorksdale or whatever yet.
Easy trigger ...
Interesting. CPOW states a present capacity of 19.7 mil liters per year, so that'd (100 mil lt) be a 5X increase in capacity.
Will now set in full force to see about this new company! And the details ... have a feeling wont have much luck there though.
LOL ... CPOW is definitely not short of news these days! Pity they're short of buyers ... my ulcer would be much smaller if the market was getting more excited.
Gee ... I hope Shenher remembers the 8-k!
Jachroch, I couldnt agree more. I just want to make sure he (Ken Kunz) is in business and actually is capable of generating sales for CPOW!
Disclosure: long CPOW
Eagle good point ...
Well, 60,000 mt, from what im hearing, is small-fry ... a guy was talking to with the Ag division in Saskatchewan was saying that some operations could go through 60,000 mt pretty quick ... and that 600 mt could be the feed requirement for a week or even day ... so that actually seems like good news (if you're long CPOW) in light of the fact that KND Feeds looks to be a small-time operation.
Personal slant, perspective, is that it makes sense for a small company like GBE (only 100,000 mt per year presently) to be partnering with a small sales fascillitator. It is also bothering me less and less that these guys are not well known (or not known at all, from what Ive been able to find so far, in the case of KND Feeds). It just fits their profile, of being small fries. As Jachroch has eloquently pointed out, waddya expect with this stock, of course they're small.
But again, first and foremost I want to protect myself against the possibility of anyting fraudulent. Risk of the unknowns experienced by a fledgling company I can take, but outright fraud, forget about it! Am I right?
Eagle, I feel that it may be premature and a reach to call the KND Feeds announcement a scam. That directly insinuates that CPOW management (Shenher) was intentionally putting out fale/misleading press releases and SEC 8-ks to pump his own stock, which is obviously illegal.
Until I find information that verifies that KND Feeds does not exist in any meaningful way and/or that such an agreement with that company to sell quantities of feed is meaningfully impossible, I dont think it's fair to even suggest "scam" or "fraud."
I just talked with a Brian Sim who is part of a government agency working with start-up clean energy companies who is familiar with CPOW and has nothing bad or positive to say about them ... just that they've "been at it for a while" trying to work their way up and "keep plugging away."
Further, he said that 60,000 mt per year is almost nothing in the grand scheme of things ... that thats crush capacity for a single day for a lot of major players. Meaning to me that 60000 mt per year is well within the capability of even a single operator like Ken Kunz ... but thats speculation ... would still like to talk to someone that has dealings with Ken Kunz.
Eagle, I feel that it may be premature and a reach to call the KND Feeds announcement a scam. That directly insinuates that CPOW management (Shenher) was intentionally putting out fale/misleading press releases and SEC 8-ks to pump his own stock, which is obviously illegal.
Until I find information that verifies that KND Feeds does not exist in any meaningful way and/or that such an agreement with that company to sell quantities of feed is meaningfully impossible, I dont think it's fair to even suggest "scam" or "fraud."
Jachroch, Ive looked at all the information posted here and used that as my starting point for DD on KND Feeds. I think that by far information known to date is not sufficient to feel confident about the viability of the sales agreement signed with KND Feeds.
Im trying to talk with some various folks in Saskatchewan involved in the Ag. business there to get a feel for how much they know (if anything) about KND and/or GBE. Ill keep posted here what I find. Id love to actually talk to Ken Kunz.
DD on KND Feeds:
Ive called the Better Business Bureau of Regina Sas, and they have not heard of GBE. That doesnt mean a ton, since registering with the BBB is voluntary (though a lot of reputable businesses like to pay and register with the BBB). The only other way a company would be listed with the BBB is if a complaint had been filed, which shows none have against GBE.
Ive called the Saskatchewan Securities Commission, who say they have not heard of the company KND Feeds. When I explained the situation he said that it was sort of "suspicious and unusual" that they would not have any information on a company reputed to do 600,000 mt of feed a year. He said that sort of volume would put them up there with the major Saskatchewan players, and that it was unusual for them to not have any news releases or a website or anything.
Again, till now the only thing I am able to find about KND Feeds pertains to CPOW's news release.
Anybody anything else to add to this?
Ive emailed Ken Kunz at the email addres provided on that little website for Western Commodities ... it wasnt bounced back, but I seriously doubt that it's still active.
This KND Feeds deal is obviously a big one. I believe that it is crucial that we find out who and what KND Feeds really is. Period! hehe
disclosure: long CPOW
Okay, so Im back, and got a question bout KND Feeds ...
Im trying desperately to get some contact info or any info on KND feeds that does not come from CPOW's press release. Anyone found anything? Im resorting to trying to get ahold of the Saskatchewan Securities Commission and the better business bureau to ask about them.
Im finding it disconcerting that such a reportedly big and respected company would not have even the slightest footprint on the web. Not trying to be alarmist, just wondering.
Disclosure: long CPOW
Ive decided to probably not look at this forum anymore. No offense to any person or side or anything ... but I feel that all this back and forth is adding to my insanity about the market (and this stock) and not increasing very much substantive knowledge about the company or market that will help me with my decisions.
It seems to me that both sides are allowing themselves to be guided by emotion and preconceived interest, more than detache, logical reasoning.
I say this simply: in the hope that some that might be caught up in an emotional struggle with this stock orany other will see the need to step back and NEVER WANT a stock to do one thing or another.
"Dont ask what the market will do. Ask what you will do in response to the market."
Good luck, and good positioning, to all, in this trade and all others.
And may we seek to enrich eachother, even as we seek to enrich our wallets.
About CPOW being unable to break above .17 in recent history:
This pure 100% musing from yours truly, so take it or leave it, its all just musing, and not really even opinion or belief ... just thoughts:
Since the OTC is defined by volatility and almost unequivocally filled with people running around like greedy chickens with their heads cut off looking for the next big 100%+ pop, should it really come as any surprise that there is no upward movement in CPOW right now?
Think about the history ... the stock has popped not when meaningful news annoucements came out, but when newsletters pumped it. That follwos for the more recent KND annoucement. Some newsletter picked that up and heralded it, and the stock popped to, what, .22 for the day, and then went back down?
Newsletters havent picked up anything recently (that Ive seen). The stock also hasnt moved.
You look at any "real company" out there, and they DO NOT move significantly in the short term, with some exceptions being HUGE news stories like earnings beatings or mergers, etc....
What moves the price of a stock like CPOW? IMO its news and earnings. News will only move the price if people are paying attention to it. Is it fair to say that those that bought it back in Dec were reading about CPOW only through newsletters? I think it is. Is it fair to say those same people are mostly all moved on to other things (and maybe feeling rather burned by CPOW?)? I think it is. So what remains? IMO its investors. Which explains why the massive volatility in this stock has largely dropped off. It's been trading in a pretty consistent range for the last two weeks. Thats what you expect to see from a stock ... a range that can be largely predicted based upon highs, lows and averages. uring the pump and dump there was no rationale to any of it.
Remember ... it pumped to .50 on news of what!? MOPO, aquiring rights to this patent, addition to Canada's top 50, and doubling of revenues in 2010 (which is nice but not enough when considering they still operated at a net loss).
When CPOW announced that they'd entered this LOI with CongQing, THATS when the price began to drop! When they announced truly significant news for their future.
All news announcements since the dump period have been much more significant than those during the pump IMO. What does this tell you?
Ive heard it said, "in the short term the market acts like a voting machine ... in the long term it acts like a weigh scale."
So if all the above is true (and remember, just musings here) ... then we each need to ask, what are we looking for with CPOW? A big starry jump to $1, $2, $4+ within a day or a week? Or are we looking for time-added, meaningful value that MAY reach those levels in a period of (probably) years.
If its the former, I think we'd be better served subscribing to spam newsletters and chasing their recs. (but just be sure to sell before the drop and dont hold the bag!!!).
If its the later, we should keep up our DD, be clear about the amount we are willing to risk (cause it all rides on unknowns), stop hoping for another super-pop, stop worrying about what the OTC community says, and buckle down for a long-haul.
Another musing: is it an insult or a compliment for a company to be ignored by the OTC masses?
Ill reiterate a previous post about short interest:
I am not able to find more recent data than from the 14th of January. Does anyone have access to more recent short interest data?
The short interest on the 14th was 800,000 shares. On the 31st of Dec it was 1.7 million shares. At 800,000 shares, CPOW has a short-interest ratio of less than 1, meaning it will take less than one day to cover all shorts given an avg. daily volume of 22 mil shares (but more like 2-4 mil shares per day in the last week).
Therefore the amount of short interest in CPOW is NOT significant IMO. It cant really be said by bulls or bears that shorts have much to do with things RIGHT NOW. IMO
Id really like to know how many shares are short today. I cant see why anyone would want to hold shares short at .15, unless they really believe CPOW will go lower than .15 (obviously).
To date, CPOW has shown strong support at .15. I have not seen it go lower than .14 Since the pump/dump.
Anybody care to confirm/dispute these statements?
About Shenher's salary, the Prospectus puts it at 123,741 for 2010, raised form 53,518 in 2009. While still a handsome raise in the face of losses, it's nowhere near as bad as the raise from 123,000 to 800,000. Not sure where I got those numbers, sorry all!
Prospectus does not reflect salary for any other management member ... including Cory Turner who I assume is working for free?
Definitely no mention of this Troy Metz fellow, whoever he is.
What do you all think about this salary thing? Is it concerning he gave himself a 60% raise in 2010? Arguments for and against?
Another major concern I have centers around CPOW's accounting:
The following exerpt comes from their December 2010 10-q. In essense what it says is that 1) they do not have a consistent or controlled accounting system, which has raised the serious potential for accounting to be incorrect to such a degree that it wont even be recognized and that 2) addition of more full-time staff are required to alleviate this issue and that 3) CPOW does not have enough money at this time to hire that staff and so will just have to wait and ... hope for the best?
In other words, even if you do take time to weed through the grim picture that is CPOW's cash flow record and balance sheet, you can never be sure if any of it is accurate cause Shenher is the only person doing the accounting and trying to get the numbers together from various different dusty leger books that are only used half the time.
Even the most honest human would have almost irrepresible urges to fudge in his favor if he could when accounting. Shenher definitely "can" in the present system.
Even if he is being totaly honest and not even missing anything, CPOW is in a pretty big financial predicament presently. They have an accumulated deficit of over 2 mil and operated at a 400k+ loss last year ... from what I can see they do not have enough cash to pay loan interest.
IF all of these new deals go through, at the end of them these problems will be more than solved ...
BUT until then, Shenher is going to have to find more financing (loans or share selling, which means share dilution) just to keep things at present production ... not to mention all the additions being considered.
Will the ChongQing group be able to help with this? I sure hope so. And it would make sense since the 8-k says they'll be a 90% ownderhsip partner. in fact, thats the only way I can see this going forward ... ChongQing will have to put up almost all the cash. CPOW will be fortunate to have a 10% stake in 600,000 mt per year! If successful that will almost quadruple present production, and make it possible for CPOW to meet all of its new sales orders.
Thoughts?
Here's that exerpt on CPOW's accounting from th 10-k:
ps, Palm, I agree with you about being able to follow different people so you can remember what you've thought you were dealing with in the past.
Evaluation of Disclosure Controls and Procedures
The Company maintains disclosure controls and procedures that are designed to ensure that information required to be disclosed in the Company's Exchange Act reports is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms, and that such information is accumulated and communicated to the Company's management, including its Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure based closely on the definition of "disclosure controls and procedures" in Rule 13a-15(e). The Company's disclosure controls and procedures are designed to provide a reasonable level of assurance of reaching the Company's desired disclosure control objectives. In designing and evaluating the disclosure controls and procedures, management recognized that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, and management necessarily was required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures. The Company's certifying officer has concluded that the Company's disclosure controls and procedures are ineffective in reaching that level of assurance.
As of the end of the period being reported upon, the Company carried out an evaluation, under the supervision and with the participation of the Company's management, including the Company's Chief Executive Officer and the Company's Chief Financial Officer, of the effectiveness of the design and operation of the Company's disclosure controls and procedures. Based on the foregoing, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were not effective.
Management's Report on Internal Control over Financial Reporting
Management of the Company is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Section 13a-15(f) of the Securities Exchange Act of 1934, as amended). Internal control over financial reporting is a process designed by, or under the supervision of, the Company's CFO to provide reasonable assurance regarding the reliability of financial reporting and the preparation of the Company's financial statements for external reporting purposes in conformity with U.S. generally accepted accounting principles and include those policies and procedures that (i) pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and disposition of the assets of the company; (ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the Company are being made only in accordance with authorizations of management and directors of the Company; and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the Company's assets that could have a material effect on the financial statements.
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Table of Contents
As of October 31, 2010, management conducted an assessment of the effectiveness of the Company's internal control over financial reporting based on the framework established in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Based on the criteria established by COSO management concluded that the Company's internal control over financial reporting was not effective as of October 31, 2010, as a result of the identification of the material weaknesses described below.
A material weakness is a deficiency or combination of deficiencies in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the annual or interim financial statements will not be prevented or detected on a timely basis.
Specifically, management identified the following control deficiencies: (1) The Company has not properly segregated duties as one or two individuals initiate, authorize, and complete all transactions. The Company has not implemented measures that would prevent the individuals from overriding the internal control system. The Company does not believe that this control deficiency has resulted in deficient financial reporting because the Chief Financial Officer is aware of his responsibilities under the SEC's reporting requirements and personally certifies the financial reports; (2) The Company has installed accounting software that does not prevent erroneous or unauthorized changes to previous reporting periods and does not provide an adequate audit trail of entries made in the accounting software. Accordingly, while the Company has identified certain material weaknesses in its system of internal control over financial reporting, it believes that it has taken reasonable steps to ascertain that the financial information contained in this report is in accordance with generally accepted accounting principles. Management has determined that current resources would be appropriately applied elsewhere and when resources permit, they will alleviate material weaknesses through various steps.
This annual report does not include an attestation report of the Company's registered public accounting firm regarding internal control over financial reporting. Management's report was not subject to attestation by the Company's registered public accounting firm pursuant to temporary rules of the Securities Exchange Commission that permit the Company to provide only management's report in this annual report.
Changes in Internal Control over Financial Reporting
During the quarter ended October 31, 2010, the Certifying Officers reviewed our internal control over financial reporting (as defined in rules 13a-15(f) and 15d-15(f)) under the Exchange Act as of the Evaluation Date and concluded that no changes occurred in such control or in other factors during the last fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting. Deficiencies identified include the inadequate segregations of duties, lack of controls over procedures used to enter transactions into the general ledger, and lack of appropriate review of the reconciliations and supporting workpapers used in the financial close and reporting process. Due to the potential pervasive effect on the financial statement account balances and disclosures and the importance of the annual and interim financial closing and reporting process, in the aggregate, management concluded that there was more than a remote likelihood that a material misstatement in our annual or interim financial statements could occur and would not be prevented or detected.
Remediation Plan
Addition of staff
We have identified that additional staff will be required to properly segment the accounting duties of the Company. However, we do not currently have resources to fulfill this part of our plan and will be addressing this matter once sufficient resources are available.
Opening disclosure, Im long CPOW and have been since before the pump and dump, though I was clued into the company by a spam newsletter. Ive increased and decreased the size of my position since that time according to fluctuations in the market. Happily, I didnt extend my exposure during the pump.
I just found these threads yesterday and have read through all posts from about the 24th. Very active!
Anyway ... while I am long on CPOW, and was excited to find a thread of comments by people who seem to be largely of like-mind as me regarding this stock (holding onto a long mindset irregardless of the hype in a fundamental belief in its long-term potential), I am concerned by how extremely bullish everyone sounds here.
With exception of Jackroch, I do not see a lot of balance in where you all are coming from.
This is an extremely risky stock, I believe. There are as many unknowns as knowns ... more actually.
For example, I have been genuinely concerned for the last two weeks that CPOW could in fact be a fraud, because there are few good reasons to believe otherwise. While that possibility has been mentioned here, it has only been mentioned with the tone of not-wanting-to-believe-its-true.
Another example is that every reason for CPOW going big remain "ifs." They have an VERBAL agreement of INTENT to sell 30,000 mts of oil to ChongQing per year ... CPOW has present production capacity of 18000 mts per year. Sure, they might be able to fill that order IF they can get extra from third parties in the mean time AND IF they are able to eventually expand their capacity to double present AND IF this verbal agreement actually evolves into a CONTRACT to buy.
This news of a JV to build a plant COULD be a great thing as it COULD answer a lot of the above questions, but just think of all the IFS going along with that proposition. There are many many many.
Not to say its not all possible. But there needs to be a marriage of excitement with caution.
Some posts here sound so bullish they remind me of all the spam flying around about CPOW. There are alot of statements that are 100% crazy bullish without any substantiating evidence. Plus, items offered as evidence are almost without exception bullish. That leads me to believe 1) either some of you are still trying to pump this thing or 2) you just really really really want to believe its going up.
Either case is at the very least unhelpful, and adds to the risk potential both to yourself and the community. A stock wont go up cause you want it to. Wanting something to happen will lead you to aplace where you will get burned.
A constructive thread is one that will lead everyone to a more balanced and realistic view of what the market is going to do about a stock. Not what you think it should do.
Specifically, about the comment on short interest in the stock, from what I understand of short interest, 800,000 short shares in a day IS NOT alot when the avg for CPOW right now is 13 mil, and yesterday's volume was 3.8 mil. At that volume the shorts could cover all their positions in less than a day. Most stocks have a short itnerest large enough that it would take at least a day or even two at avg volume to cover them all.
http://en.wikipedia.org/wiki/Short_interest_ratio
Bottomline, CPOW is very light on short interest right now if there is only 800,000 short shares outstanding. Therefore, short squeeze NOT Imminent.
About Buyins.net ... BE CAREFUL ... their disclaimer says they may or may not be compensated by the companies they interview.
http://www.buyins.net/disclaimer.php
They might be a solid company ... might not ... dont really know to be honest.
just Be Careful.
And do us all a favor and dont post up stuff like this Buyins post on CPOW like its gospel. There might be weight to it, but might not!
It only adds to the insanity that the market can be.
Anyway ... I have a lot of questions for you guys
To begin:
Can anyone speak to the fact that Shenher gave himself an enormous raise this year, as per SEC filings? I think it was something like from 125,000 raised to about 800,000? That is equal to CPOW revenue for the year. Am i reading this right!? Big red flad for me.
Can anyone speak to the "management team" as presented on General Bio's website?
http://www.gbenow.com/team.php
Listen ... this really worries me. These two guys under Shenher look like clowns to me. Look at their credentials? "Active in the Community"? What the F is that!? If that was the best I could do with my resume Id hang my head in shame. Is this the best Shenher can offer for his Executive Management Team for Bio Energy, which is the company that makes money for CPOW? Please speak to this.
Can anyone give me some compelling evidence for why Shenher isnt be investigated on Insider Trading, or for otherwise having been involved in this pump-and-dump. While the conspiracy theory offered by Jackroch is very interesting, it seems just as likely that company insiders were involved (of which Shenher is pretty much IT).
Lets discuss some fundamentals:
What are CPOWS assets? What are their liabilities? What is their equity? How likely is it they'll have to borrow more money to get this JV going, or possibly sell shares (dilution for us)?
Thanks to anyone that takes the time with this post.
Im excited about the possibilities of this stock too ... but I have a lot questions that need answered. I have a nervous feeling about this company, and I think for good reason.