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Just need to ride this one out and not get caught up with those who are so incredibly negative and redundant with their messages. It'll pop before long. If not, that's the way it goes on a high risk bet such as this.
I keep wondering what's taking them so long too. I'm hoping the anxious feelings I have are simply a result of the stock finding a bottom while they dilute to get necessary funding. They've still got two months to name a partner and meet their stated goal. Looking at it logically I still think the things they've actually done, the people they've brought on board, etc. point in a very positive direction. Partnerships take a lot of effort and time. Also, if they are still on track to up-list then that will take a lot of strong PR and such to get the PPS up . . . may be they're holding out for that. Bummer for now for us shareholders but perhaps that's what they've been up to.
It's all basically the same market. It's huge, and they are all trying to create gasoline, diesel, etc. from natural gas and methane. Steam reforming has been around a long time and is way ahead of dry reforming as far as bringing the product to market. They already have plants to work with, etc.. With this release I see Carbon Sciences simply broadening their customer base and getting their product to market faster and in more usable forms. Makes even more sense now as to why they brought on the scientist from UofS. I love it.
I think it's very positive. They've got the right team in place. It makes sense for several reasons. One, they now have full access to the patent holder, Dr. Wang. This will prove very valuable during any discussions with potential clients. Two, Dr. Wang is now there full-time to help facilitate the ongoing commercial testing and further ensure the rigorous standards are met. Three, he will I'm sure help in bringing the catalyst to a commercial scale in pellet form.
Yes, Carbon Sciences is going to have to pay him and for that and their other expenses they will have to dilute some shares. However, I believe they are going to have bigger news this year to offset that dilution and then some. Even if it does drop to Mike's predicted sub $2 level my opinion is that it is simply a good time to buy more shares. Who's to say Mike's comments didn't scare some on this board to unload, thus the recent intraday price dip, while he picked up some bargains. This is a message board. People write things to influence their positions or future positions. There is no guarantee with a penny stock or any stock for that matter, but with some penny stocks it's worth betting long even if you have to bear some set backs during the staging period.
As a side note, this company makes sense not because of Al Gore's politicized climate campaign, it makes sense because of the huge market for its product and the fact that it holds real potential for the US and many other countries to become energy independent with a better solution than what is currently available and to do so in the immediate future while other, perhaps greener solutions may take up to 20 years to develop. And as for the article on the company who is proposing a GTL plant in Louisiana, I think that's a great thing because they'll probably be a customer of Carbon Sciences. It shows that GTL is starting to really gain traction.
No, I believe what you told us is that the shares would drop below $2 per share. Haven't come close to that and though cabn has diluted their shares a little as they told us they would during their conference call, they are clearly investing in their company for the bright future they envision. They keep bringing the right people on board and keep progressing in a logical and positive manner.
Some of the best known names in the American economy began during the last depression. DTRO is doubling down with the re-breather and reinventing their cash cow it seems with the green lighting mandates that big government is imposing on all of us. If and when they name the fortune 500 company it could resolve a lot of their debt virtually over night, not to mention their profit potential. I like their spirit, which is why I bought into them. Unlike many of the penny stocks, they are a real company working through the grind of this awful economy just like the rest of us are. It's the reality of the day; if you're a business simply surviving honestly without your hand out to the crony politicians you're doing alright. Go DTRO!
I sure wish I knew. There's nothing published that I see to say otherwise, but unfortunately they still haven't announced it yet either do to a non-disclosure agreement with them.
Hopefully they come out with news tomorrow of some sort of deal with the major player to balance their less than spectacular filing.
Hurry up and wait . . .
The bids are building. Bumped up to 6s for a second, should be there again soon.
We're just going to have to wait until we get some news.
bid wackers. 15000 at .0005, come on, get a life. (not intended towards you coris)
Hey thanks a lot. That makes sense.
Could you elaborate on "set your sells for .01+ so that MM can't borrow your shares." Thanks! Looking forward to the week ahead.
75 million shares before lunch; that's a good sign!
Probably going to be in a lull through lunch.
I think 7s are going to break pretty easily. We're goin' higher.
There's only 900k left at .0006 bid
Volume is building again quickly.
Just watching . . .
5 million more bought at the bid just in the past few minutes!
I'm pretty long as it is, was just trying to get a bargain. I'm not at all unhappy about it moving up!
.0005s bought, let's hope they burn through those today too!
Tried to get 3 million more at .0003 this morning but I think those prices are gone!
Yep', looks like more added to the bid. Probably not going to move much more today but as it is the outlook is more promising than it was yesterday.
Only 6 million at .0003 bid. That's not too many before we're fully into .0004s.
4's !!! a relatively small amount but somebody could be trying to nudge a run.
It's certainly looking more solid with 2 million at the bid for .0003. Could we see .0004s today? Let's hope.
I'm longer on this stock than these couple of trades so can't do anymore but I think we'll break through this eventually and DTRO will do well for us. Like I've read recently on this board I think patience is the rule here. Good luck to you.
Once again somebody put up 3.5 million shares at .0003. Somebody must be cashing in who bought at .0002. I think we'll just have to wait for news to break out of this hole.
Wow, somebody actually sold at .0002 again, and now back to .0003s.
I bought another million plus shares at .0003. Hopefully that'll hold.
I bought up the last million or so 3s. Go DTRO!!!
It's not news of a partner but it is bigger than the PR made it sound. I don't think it was written particularly well. Byron mentioned the same thing in the conference call. Simply put, it opens up trillions of gallons of natural gas as fuel both at home and abroad that is otherwise tapped but unusable. This alone could literally change entire economies. Also, it does so without the controversial fracking.
My pleasure!
I listened to the call.
I hadn't heard that it would take 5 years to produce fuel. That's new to me. I was hoping they would be ready next year. Possibly he means their technology will be ready next year, but for the refineries and such to be ready to use it at large, commercial levels maybe it will be 5 years . . . don't know. During the call Byron said they are on track in all areas and that by year end they plan to announce a significant and recognizable partner. It wasn't my understanding that they actually have one now.
The next step technologically is to take the powder form of the catalyst and make it into a pellet form, the commercial form, and then test that with steam and oxygen, etc.
He mentioned several applications that can use their catalyst, including Fischer Tropshc and even other catalyst companies and of course dry reforming gas to liquid. As an example he offered ZSM5 for Mobil Oil . . . said to google it. They sold billions in revenue. Also mentioned they like the licensing model better than selling the company outright.
Interestingly, he also said they were granted their US patent I believe for their catalyst that was similar to the one they licensed from U of S, but that they filed theirs as a continuance because U of S was ahead of them in testing and other areas, plus they get to have Wi Wong help them as a tech advisor. Carbon Sciences is using a top US patent firm to keep companies from back door engineering the catalyst. They will pay U of S a certain amount of $rights/year as a partner.
Howard Fong is still with them and helping them a lot to strategize and in their search for a partner.
Regarding the reverse split, he mentioned that now that their stock price is $5 instead of sub .1 people are much more willing to engage with them and the conversations they are having with companies are entirely different. Nasdaq is going to be the exchange, but when he said they were on track in all areas I'm not sure you could assume this will happen by the end of the year too. For future funding there will have to be some dilution but he's optimistic that the price per share will help with that once a partner is named, etc. Everybody involved is a shareholder, so nobody wants the pps to tank.
They are using a PR company out of New York and he thinks having a significant partner could really boost the name recognition of the company.
All in all I'm still very hopeful.
What is the latest on this company? Does anybody have any current info as to why it dropped so much yesterday?
Thanks.
Looks like a great technology. Seems like at 13 million gallons of fuel per plant per year that the scale is too small, however, to be a game changer. The US averages 142 billion gallons of gas per year, for example.
Hi Joe. It has to do with the process. The Pearl process is essentially the more traditional gas to liquid process developed in the 40's which requires a lot of heat (energy), around 2600F, to work. Here's an animation for their process: http://www.shell.com/home/content/aboutshell/our_strategy/major_projects_2/pearl/process/
Carbon Science's method is called dry reforming. It has a couple major advantages. Here's some information directly from Carbon Science's web site that describe its advantages:
Using Carbon Sciences’ breakthrough catalyst can achieve a 20% to 30% capital cost advantage over the alternatives because dry reforming is a simpler process, does not require an oxygen plant, uses small amounts of steam and has high conversion efficiency. Additionally, the feedstock cost of dry reforming syngas may be lowered by as much as 25% because CO2 is a zero cost feedstock (and often negative value) that occurs naturally in methane gas fields.
In order to exploit the inherent cost advantages of dry reforming, the reaction catalyst must maintain high activity, stability and conversion efficiency. Our breakthrough, low cost catalyst is proven to deliver high activity, high conversion efficiency and long run time.
With cost effective dry reforming technology, natural gas can truly be the fuel of the future.
This has been covered in other posts. The Pearl process is different than Carbon Science's process, and it's not nearly as efficient. Carbon Sciences actually has Shell's recently retired chief technology officer working for them as a technology advisor. If anything, I think that Shell is moving forward the market of gas to liquid is a big plus for Carbon Sciences when it comes to selling their product.
It wouldn't surprise me that they have many potential partners like that on the table as options for the near future.