Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
That really makes it sound like the unit is completed and satisfactorily in-house tested and now ready for prime-time independent testing to dispel all doubts about WDRP having Earth-shaking, environment saving, world-class, first ever, game changing water heating technology all ready to package up for manufacturing agreements.
NOT.
come back in 2014 - given the delays of winter weather on travel - for the release of the previously announced fudged with and adjusted numbers' interpretation
Is this what the PR says, interpreted?
Because WDRP does not want to make investors (and others with interest) wait longer, and because the needed components are not available with the specs desired, WDRP is going ahead with the Intertek testing, which they had somehow borrowed the money to get done, which means that the tests will be performed without the dynamic control of the magnetrons firing in response to demand (manual configuration) and the drivers and magnetrons will both be mismatched and also of reduced power delivery potential so that the results of the testing will not be representative of the product as designed and because the magnetrons to be used are not water cooled the efficiency numbers that will be obtained will not have a chance of reaching better than 70% and will require fudge factor talk about to try to show what would have been had there been the correct components being tested ?
wtf is the money being spent for then ? I mean after waiting almost two years for the independent numbers, now instead of waiting longer for the right things to test it appears the decision has been made that after waiting the next 4 to 6 weeks (ex-work whatever that means) for shipping and then after waiting for assembly and then scheduling into an Intertek facility with the correct equipment, calibration, and data recording, etc. the result will be some numbers that do not represent the planned product and do not have a chance of showing the water temperature delta per gallon per minute flow that is attainable (lower capability magnetrons and no dynamic control) and also do not have a chance of showing the actual efficiency of the planned unit ?
What is being gained ?
By-law No. 2013-1 (the "Advance Notice By-Law")
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=111295
published just in time to make clear that alternative nominations for the Board is almost closed for the Oct 22 Annual and Special Meeting
yes, I have wondered on the who pays them, but no, I have no doubt as to the timing of their appearance
With any luck it is not a sign that the paid cheerleading jackel crew is going to show up and make a stupid comedy of the board for a couple days once again.
In that case they better be water cooled . . . I think once there was a mention of them being. The more recent mention of water cooled magnetrons took me by surprise. Once when researching I think I saw the number 30% for the energy loss in transformers when magnetrons are powered by transformers - so the ones WDRP uses would have to be water cooled to recover that if they are going to meet their claims.
New tax in Mexico is now two years with of hot air blowing around without much outcome
IIRC the last time there was a trip to China to source new parts, after they arrived and were installed they caused a failure of the chamber . . . inability to hold water, or deal with the intense municipal water pressure common in North America, or a fitting blew out, or such . . . which resulted in a fairly long wait before we were informed that the thing successfully withstood municipal water pressure.
Residents voice concerns about ore trucks
By Benjamin Aubé
Friday, September 20, 2013 7:19:37 EDT PM
http://www.timminspress.com/2013/09/20/residents-voice-concerns-about-ore-trucks
Mid-Tier Miner is Big on "Safe" Production at Black Fox Mine
Nice article on BRD in Sept Canadian Mining Journal
http://www.canadianminingjournal.com/news/mid-tier-miner-is-big-on-safe-production-at-black-fox-mine/1002568851/
And Friday was multiple witch day for markets plus managers need to balance the looks of the books for end of quarter approaching. Speaking of October we will be seeing the shape of Argentine politics soon which might impact how the changes at Pebble work into Los Azules marketability
Def agree to the last statement
It is all to clear the (western) governments won't be taking any action against their (criminal) masters, just stuff on their bidding.
I am hoping the assays are just delayed as a part of capital outflow preservation measures taken back when gold dropped to 1200 and they just put off all exploration including sending the samples to lab.
It is the BIS that has been orchestrating the intervention into / manipulation of the commodities markets, particularly precious metals, with the so-called banksters doing their bidding.
It would be nice to read it as it fell from the horse's mouth.
BIS Sept 2013 Quarterly Report (available in English and many others)
http://www.bis.org/publ/qtrpdf/r_qt1309.htm
Inclusion in GDM could very well explain the action in MUX this week. Effective date is Monday so if GDX didn't take the needed position already it will be some Monday.
I find it VERY interesting this is inclusion in GDM so MUX is included in GDX . . . not GDXJ !
Way to go MUX.
Not your imagination, imo, as if we thought we were seeing heavy-handed manipulative intervention (orchestrated by the BIS if I recall one admission before Congress by the banksters that work the US end of it) previously I can only say that I believe we haven't seen anything yet - they will enter a no-holds-barred mode to drive precious metals (and other places monetary value might "sit") toward what we might call "the unattractive".
For the precious metals that mean all out war against a rising price creating what might turn out to be the best opportunity to acquire that we have seen since interest in precious metals returned to those in the markets, if only because the term to hold for gain becomes more and more compressed monthly.
JMO
Close Tony, and I can see how that news they hid in a PR could be understood that way, but as I read it at the time they provided Intertek with a new, updated testing protocol that used manual switching because the controller was not correctly managing which magnetrons were being fired when. As a result they provided testing protocol to run tests with specific firing, then with a different firing after manual reconfiguration, etc.
Either reading, yours or mine could be what they meant to have us believe. However they now seem to be saying that the transformers were "mismatched" when they were powered to drive the magnetrons and so ruined them (is that even possible without a transformers capable of grossly overly high excess voltage?)
financial report to July 31 released
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=111179
From page 6
Great missive Slim, amazingly calmly and politely stated, yet effectively done. I look forward to the response.
IMO CD does not see very far down the road but is blinded by a gambler's lust for the jackpot.
Good point and question you raise.
JMO
TT, ask the company. However, it appears to me that this is a done deal as far as the rights offering, subject only to TSX approval of the issuance. The NR states everywhere using future present tense, i.e. "this will", "this is being", . . .
and states of the right offering that
Last day to nominate directors for BoD takeover appears to be Sept 27th for this year's Annual General and Special Shareholder Meeting.
The NR of the "proposal" is dated Sept 17. The new By-Law, which is effective now, says
I took most of the day away from the market, waiting out the dust settling from yesterday's over-exuberance at the fully expectable.
This gave me time to not think about this "proposal", which might have given some clarity . . . anyway I am now of the opinion that the whole "proposal" is nothing more than a way to (attempt to) sugar-coat the one main message: there will be a rollback and a company rename.
The sugar used was not very sweet.
Apparently this is to be done in the belief that it will enable placements to raise capital for more of the same, i.e. sinking holes into TPW, in the belief that (eventually) it will work out.
I do not see how there could have been any belief that any capital could be raised from the rights offering as it is designed.
The name change will not disguise the fact that the same management and same plan are in place. Other than that the rollback and name change align with what a number of "free" independent analyses have recommended as the way forward for EXS, i.e. trim share structure and change management.
JMO
Feel free to use anything I have said as if your own. And thanks for the effort. Afraid I am seeing this as a list cause at this point
Sounds like we are in the same boat Flashminer.
I have struggled to understand what kind of financier would believe that pricing above market and also announcing a rollback are going to mix any better than do oil and water.
It just makes no sense to me, unless there is some deliberate attempt to sabotage the whole thing before it starts. That could be a means to pre-rig so that some Canadian accounts are able to obtain large numbers of shares from the oversubscription ability, or from the rights sold on the market which I assume would be at close to $0.000 (who pays money for a right that grants ability to buy a share for more than one can simply buy the share at market?).
I don't want to accuse, or seem conspiracy theorist, but the whole way this was packaged just does not make any sense unless it is that or is their wanting to be up-front and forth-coming about the rollback but are just ignorant over how markets react rollbacks, but even then there is still pricing above market.
At a loss . . . jmo
Possible, but that would have to be one heck of a PR, it is now swimming upstream against an announce plan for rollback (which the market never likes) and stated plan to try to dilute during this whole process (remember the PR also said)
new short interest numbers to come out next week will be interesting.
the numbers out on the 11th showed short interest at lowest level since last October, big reduction over past couple months
no. saying that is all EXSFF holders will get, unless rights agent is able to get any cash by selling their rights (which EXSFF holders will not be able to exercise)
reading it same as you said you see it
EXSFF holders are non-eligible category. so their share just ride out the whole thing, in end changing to 1 new for each 5 old.
No chance to use rights or try for oversubscription - but I don't see why anyone would voluntarily buy more shares at a premium instead of waiting for the post-rollback heavily discounted shares.
I imagine that post 5:1 at todays 0.03 if one is lucky selling for that would be 0.15, then discounted for rollback hit, maybe 0.06.
So 0.05 now via rights, x5=0.25 cost, or wait and pick it up for 25% of that ?
This is the most lame-brain attempt to keep EXS from going bankrupt that can be imagined !
You mean there are still some investors waiting ?
yep - benefits (?) EXS holders, not EXSFF holders who as you say get 1 new share per 5 old after the rollback, and nothing else except the possibility that "their" rights did get sold for some cash that they would receive net of taxes.
just re-read the NR as I did not pick up on the two classes of shares you mention, and I still do not. I just see the plan is to double the number of shares (both issued and fully diluted) and then rollback 5:1
It gets a little complicated as US OTC holders don't get to exercise their rights (and so don't get to try to oversubscribe). In fact they don't even get their rights, which are instead held by and sold by the subscription agent on a best effort basis at whatever they can bring on the CA market with the result being paid to those US holders.
It sounds like this is all planned to go down within 23 days from the day the issuance is approved by the exchange. However close to fully subscribed it get is how many shares will exist and get rolled back.
Such is how I read it.
It was a sad day a year or so ago when the EXS board banned posts critical about how EXS was run. They were not "negative", just imo real assessments of where EXS was headed, as has proved accurate, but for that his voice was removed from sharing here. Sad.
Morgan really didn't address your main point - that you were told something that did not happen, just implied results had been expected but did not come back, in which case the question is what is taking the results so long.