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MKRS .27 expecting a PR this week per Tom Meaney ,hope it's about the Navy sea trials to be completed by the end of January! http://www.mikros.us/PR11-05-05.htm
MKRS will coming out with a pr by next week..Don't know if you follow MKRS on RB but a good source for info from the old timers!!http://www.ragingbull.lycos.com/mboard/boards.cgi?board=MKRS&read=5092 http://ragingbull.lycos.com/mboard/boards.cgi?board=MKRS&read=5106 http://ragingbull.lycos.com/mboard/boards.cgi?board=MKRS&read=5107
CHID looking like penny Heaven!Also buying more MKRS at every chance!Expecting news by next week.
I like this one alot,gave it to you the other day!CHID niceeeehttp://investorshub.com/boards/read_msg.asp?message_id=9524585
Bought more MKRS today @.25
Today Phil Simms picked Seattle,good to hear because it seems everyone & there mother is picking Pittsburg.I'm taking Seattle & the 4 points! http://www.seahawks.com/superbowl/default.htm
Added more CHID here @.40 consider these prices a bargain and wait patiently
per the last 10q:
"Net sales for the three months ended September 30, 2005 totaled $3,405,238 compared to $994,963 for three months ended September 30, 2004, an increase of $2,410,275 or approximately 242.25%. The increase was due to the expansion of our product lines to meet the needs of our existing clients and to service new clients in the third quarter of 2005 as compared to 2004."
"Net sales for the nine months ended September 30, 2005 totaled $9,629,077 compared to $2,761,992 for the nine months ended September 30, 2004, an increase of $6,867,085 or approximately 248.63%. The increase was due to the expansion of our product lines to meet the needs of our existing clients and to service new clients in 2005 as compared to 2004."
how often do you find a profitable otc stock with this kind of proven growth potential in the fastest growing market in the world? on top of that the market cap is currently only $21 million
Added more CHID here @.40 consider these prices a bargain and wait patiently
per the last 10q:
"Net sales for the three months ended September 30, 2005 totaled $3,405,238 compared to $994,963 for three months ended September 30, 2004, an increase of $2,410,275 or approximately 242.25%. The increase was due to the expansion of our product lines to meet the needs of our existing clients and to service new clients in the third quarter of 2005 as compared to 2004."
"Net sales for the nine months ended September 30, 2005 totaled $9,629,077 compared to $2,761,992 for the nine months ended September 30, 2004, an increase of $6,867,085 or approximately 248.63%. The increase was due to the expansion of our product lines to meet the needs of our existing clients and to service new clients in 2005 as compared to 2004."
how often do you find a profitable otc stock with this kind of proven growth potential in the fastest growing market in the world? on top of that the market cap is currently only $21 million .
Added more CGCP here:Cardiogenesis Announces Preliminary Fourth Quarter, Year End Results
Monday January 23, 7:30 am ET
Annual Revenue Highest in Last Five Years; Profitability Expected for Fourth Quarter 2005
FOOTHILL RANCH, Calif., Jan. 23 /PRNewswire-FirstCall/ -- Cardiogenesis Corporation (OTC Bulletin Board: CGCP - News), the market leader in surgical products and accessories used in angina-relieving Transmyocardial Revascularization (TMR) and Percutaneous Myocardial Channeling (PMC) procedures, today announced that the company expects a profitable fourth quarter and that 2005 annual revenues are expected to be at their highest level in the last five years. Strong handpiece sales combined with laser sales in the fourth quarter resulted in expected revenues in the range of $4.0 - $4.2 million for the fourth quarter and $16.2 - $16.4 million for the year. These results reflect the third consecutive quarter of revenues in excess of $4 million and an estimated 6% increase in revenues from the prior year. Fourth quarter profitability is expected to be between $300,000 and $500,000. The Company also announced the highest level of handpiece unit sales in four years with handpiece unit sales increasing by 14% from the prior year to over 3,400 units in 2005.
Hi Rruff,Maybe H.Safir(GVIS) can get a piece of this! Rich Daley: Cameras will make us safer:
Mayor Daley on Monday embraced a radical plan to require every licensed Chicago (Daleytown) business open more than 12 hours a day to install indoor and outdoor cameras.
"Block clubs, community organizations want cameras. ... They can't walk down the street. ... Their kids have to go around a corner away from the gang-bangers. You can't walk to church. You can't get on the CTA. ... Cameras really prevent much crime. Cameras also solve a lot of crime. The terrorist attacks in London were solved by cameras. The whole incident was solved by cameras," Daley said.
Chicagoland Chamber of Commerce President Jerry Roper estimated that 12,000 businesses -- maybe more -- are open for more than 12 hours a day and, therefore, would be covered by the sweeping camera mandate. That includes roughly 7,000 restaurants, more than 100 hotels and scores of retail establishments.
"Are there enough cameras in production to do what they're asking us to do?" Roper said.
Businesses will close earlier?
If the mayor's endorsement translates into City Council approval of the ordinance championed by Ald. Ray Suarez (31st), business leaders will demand tax breaks and a phase-in similar to the sprinkler ordinance that gives older high-rises 12 years to comply, Roper said.
And he predicted the requirement would ultimately translate into fewer hours and lower wages.
"Some places will take a look at the cost and say, 'We'll only be open for one shift or a shift and a half. They'll take a look at their last two hours and say, 'I'm not making that much anyway. I'll just close earlier.' Employees will lose that money," Roper said.
Two years ago, with help from a $5.1 million federal homeland security grant, the city announced plans to install 250 cameras at locations thought to be at high risk of a terrorist attack, link them and 2,000 existing cameras to the 911 center and equip them all with software capable of spotting "suspicious and unusual behavior."
City Hall is now finalizing a contract for "Operation Virtual Shield," Daley's Big Brother plan to link 1,000 miles of "sometimes stand-alone fiber" into a unified "homeland security grid" -- complete with sensors to monitor the city's water supply and detect chemical and biological weapons.
The city also made an unprecedented offer to the private sector. Businesses that agreed to pay an undisclosed fee would have cameras outside their entrances and even in their stairwells monitored by the 911 center.
Last summer, the Chicago Sun-Times reported that Boeing Co. had become the first Chicago business to join the camera network.
On Monday, City Hall disclosed that a dozen corporations -- ranging from utilities to companies in the La Salle Street financial district -- also have signed on. The fee is being negotiated.
"Downtown, we'll take a building [that has] cameras. We'll retrofit those cameras. ... We're working with Navy Pier. We're working with McCormick Place, retrofitting cameras, every building downtown," the mayor said.
London has 200,000 cameras monitoring virtually every public move its citizens make. Daley wouldn't go so far as to say he wants to duplicate the London network. He would only say he's "looking for more and more cameras all over."
'It's their land,' Daley says
Chicago's surveillance network could be dramatically enhanced if businesses open more than 12 hours a day are required to install and monitor cameras to record what goes on inside the place and in the parking lot. The only exceptions to the edict proposed by Suarez would be washrooms and changing areas.
Last week, business leaders lined up in opposition to the mandate on grounds it could add anywhere from $5,000 to $20,000 to their costs -- even before monitoring expenses.
But, Daley said Monday he's all for the idea.
"Look at the police radio [log]. ... Why should we be clearing every parking lot out for the owner of the drive-in? That's their responsibility. It's their land," Daley said.
The mayor endorsed the camera mandate after unveiling a $4 million incident center at the 911 building that, among other things, will serve as the new home for Snow Command.
January 31, 2006
BY FRAN SPIELMAN City Hall Reporter
http://www.suntimes.com/output/news/cst-nws-camera31.html# http://biz.yahoo.com/bw/060117/20060117005505.html?.v=1
I added some more CHID this morning! A little shake going on!imo http://investorshub.com/boards/read_msg.asp?message_id=9478523
Savings rate falls to minus territory
1st such depletion since the Depression
Associated Press
Published January 31, 2006
WASHINGTON -- Americans' personal savings rate dipped into negative territory in 2005, something that has not happened since the Great Depression, as consumers depleted their savings to finance the purchases of cars and other big-ticket items.
The Commerce Department reported Monday that the savings rate fell to minus 0.5 percent, meaning that Americans not only spent all of their after-tax income last year but had to dip into previous savings or increase borrowing.
The savings rate has been negative for an entire year only twice before, in 1932 and 1933, two years when the country was struggling to cope with the Depression, a time of massive business failures and job layoffs.
With employment growth strong now, analysts said that different factors are at play. Americans feel they can spend more, given that the value of their homes, the biggest asset for most families, has been rising sharply in recent years.
But analysts cautioned that this behavior was risky at a time when 78 million Americans are on the verge of retirement.
"Americans seem to have the feeling that it is wimpish to save," said David Wyss, chief economist at Standard & Poor's in New York. "The idea is to put away money for old age, and we are just not doing that."
The report said consumer spending for December rose 0.9 percent, more than double the 0.4 percent increase in incomes last month. Incomes rose 5.4 percent for the year, down from 5.9 percent in 2004. Adjusted for inflation, disposable incomes increased 1.4 percent in 2005, the smallest advance since 1993.
A price gauge that excludes food and energy rose 0.1 percent in December, down from a 0.2 percent rise in November. This inflation index linked to consumer spending is closely watched by officials at the Federal Reserve.
The central bank meets on Tuesday, when it is expected it will boost interest rates for a 14th time. However, many economists believe those rate hikes are drawing to a close, with perhaps another quarter-point hike at the March 28 meeting.
The 0.5 percent negative savings rate for 2005 followed a 1.8 percent rate of savings in 2004. The last negative rates occurred in 1932, a drop of 0.9 percent, and a record 1.5 percent decline in 1933. In those years Americans exhausted their savings to try to meet expenses in the wake of the nation's worst economic crisis.
One major reason that consumers felt confident in spending all of their disposable incomes and dipping into savings last year was that a booming housing market made them feel more wealthy. As their home prices surged at double-digit rates, that created what economists call a "wealth effect" that supported greater spending.
Holding TGC,CGCP,GVIS & MCTI for the weekend!
Bought some MCTI here @.31
Picked up another 5k CGCP @.48 Preannounced very good earnings for next week! http://biz.yahoo.com/prnews/060123/lam007.html?.v=33
CGCP .49/.50 preannounced verg good earnings for next,should get a nice bounce! Cardiogenesis Announces Preliminary Fourth Quarter, Year End Results
Monday January 23, 7:30 am ET
Annual Revenue Highest in Last Five Years; Profitability Expected for Fourth Quarter 2005
FOOTHILL RANCH, Calif., Jan. 23 /PRNewswire-FirstCall/ -- Cardiogenesis Corporation (OTC Bulletin Board: CGCP - News), the market leader in surgical products and accessories used in angina-relieving Transmyocardial Revascularization (TMR) and Percutaneous Myocardial Channeling (PMC) procedures, today announced that the company expects a profitable fourth quarter and that 2005 annual revenues are expected to be at their highest level in the last five years. Strong handpiece sales combined with laser sales in the fourth quarter resulted in expected revenues in the range of $4.0 - $4.2 million for the fourth quarter and $16.2 - $16.4 million for the year. These results reflect the third consecutive quarter of revenues in excess of $4 million and an estimated 6% increase in revenues from the prior year. Fourth quarter profitability is expected to be between $300,000 and $500,000. The Company also announced the highest level of handpiece unit sales in four years with handpiece unit sales increasing by 14% from the prior year to over 3,400 units in 2005.
GVIS .35 on watch,yesterdays close all buys on the ask: http://stockcharts.com/def/servlet/SC.web?c=gvis
Hello SA,wondering if you could post 2 stock charts for me when you get a chance? GVIS & MKRS Thanks
GVIS .34 getting all hits on the ask! http://biz.yahoo.com/bw/060117/20060117005505.html?.v=1
Contax,are you watching MKRS??? Regarding MKRS
Lockheed Awarded $57MM contract to upgrade AEGIS weapons systems
http://www.philly.com/mld/philly/business/special_packages/cf_biz/13645998.htm
- - - - -
Below is a quote from MKRS' 10Q filed in November 2005
In July 2005, we awarded a subcontract to Lockheed Martin Corporation in Moorestown, New Jersey to provide engineering technical services in support of the ADEPT Phase III SBIR production and qualification contract. As the design agent of the AN/SPY-1 radar system, Lockheed Martin will be providing expertise to assist us in the verification and qualification of ADEPT as a SPY-1 maintenance and alignment tool. The total value of this time and materials subcontract is expected to be approximately $100,000.
Dream MKRS .25 ut today:http://www.investorshub.com/boards/read_msg.asp?message_id=9391364
Regarding MKRS ut .25
Lockheed Awarded $57MM contract to upgrade AEGIS weapons systems
http://www.philly.com/mld/philly/business/special_packages/cf_biz/13645998.htm
- - - - -
Below is a quote from MKRS' 10Q filed in November 2005
In July 2005, we awarded a subcontract to Lockheed Martin Corporation in Moorestown, New Jersey to provide engineering technical services in support of the ADEPT Phase III SBIR production and qualification contract. As the design agent of the AN/SPY-1 radar system, Lockheed Martin will be providing expertise to assist us in the verification and qualification of ADEPT as a SPY-1 maintenance and alignment tool. The total value of this time and materials subcontract is expected to be approximately $100,000.
One pipeline down and the country of Georgia is cut off from Russian NG supplies.
Explosions Hit Gas Pipelines in Russia
http://www.siliconinvestor.com/readmsg.aspx?msgid=22086711
By MISHA DZHINDZHIKHASHVILI Associated Press Writer
© 2006 The Associated Press
TBILISI, Georgia — Explosions hit pipelines running through southern Russia early Sunday, cutting the natural gas supply to Georgia and leaving the Caucasus Mountain country with just one day's reserves.
The blasts, which hit two pipelines in the southern Russian region of North Ossetia near the border with Georgia, also cut supplies to Armenia, said Viktor Beltsov, a spokesman for Russia's Emergency Situations Ministry.
Nikolai Shepel, chief prosecutor for Russia's southern region, was quoted by the Interfax news agency as saying that prosecutors opened an investigation into deliberate destruction of property.
In recent years, pipelines in Russia's troubled North Caucasus region have occasionally been damaged in explosions that investigators have deemed sabotage, but the blasts have not caused major supply disruptions. Criminal groups and militants with ties to Chechnya's separatist rebels have been suspected.
It will take two or three days to repair the pipelines, regional Emergency Situations Ministry official Vladimir Ivanov was quoted as saying by the ITAR-Tass news agency.
The cutoff threatened to plunge Georgia into a new energy crisis as it headed into a cold snap. The former Soviet republic, which relies on natural gas for most of its heating, has faced extreme energy shortages for more than a decade.
"The situation is very difficult. We have enough gas for just one day," Georgian Energy Ministry spokeswoman Teona Doliashvili told The Associated Press.
Two out of four units in the main electricity station in the capital, Tbilisi, were switched off because of the explosions, Doliashvili said. The temperature in the Georgian capital Sunday was 23 degrees Fahrenheit.
Georgia's Inguri hydroelectric plant, which generates some 45 percent of the country's electricity, was working at full power but would be unable to sustain operations at that intensity for more than a few days, Doliashvili said.
Georgian Energy Ministry officials headed to neighboring Azerbaijan on Sunday to negotiate the start of gas supplies on a pipeline between that country's capital, Baku, and the Georgian port of Batumi. It will take three days to get that pipeline operating, Doliashvili said.
Russian gas transits Georgia to reach Armenia, which sends back some electricity to Georgia. Electricity supplies from Armenia were also cut Sunday in response to the gas cutoff.
______
AP reporter Judith Ingram in Moscow contributed to this story.
One pipeline down and the country of Georgia is cut off from Russian NG supplies.
Explosions Hit Gas Pipelines in Russia
http://www.siliconinvestor.com/readmsg.aspx?msgid=22086711
By MISHA DZHINDZHIKHASHVILI Associated Press Writer
© 2006 The Associated Press
TBILISI, Georgia — Explosions hit pipelines running through southern Russia early Sunday, cutting the natural gas supply to Georgia and leaving the Caucasus Mountain country with just one day's reserves.
The blasts, which hit two pipelines in the southern Russian region of North Ossetia near the border with Georgia, also cut supplies to Armenia, said Viktor Beltsov, a spokesman for Russia's Emergency Situations Ministry.
Nikolai Shepel, chief prosecutor for Russia's southern region, was quoted by the Interfax news agency as saying that prosecutors opened an investigation into deliberate destruction of property.
In recent years, pipelines in Russia's troubled North Caucasus region have occasionally been damaged in explosions that investigators have deemed sabotage, but the blasts have not caused major supply disruptions. Criminal groups and militants with ties to Chechnya's separatist rebels have been suspected.
It will take two or three days to repair the pipelines, regional Emergency Situations Ministry official Vladimir Ivanov was quoted as saying by the ITAR-Tass news agency.
The cutoff threatened to plunge Georgia into a new energy crisis as it headed into a cold snap. The former Soviet republic, which relies on natural gas for most of its heating, has faced extreme energy shortages for more than a decade.
"The situation is very difficult. We have enough gas for just one day," Georgian Energy Ministry spokeswoman Teona Doliashvili told The Associated Press.
Two out of four units in the main electricity station in the capital, Tbilisi, were switched off because of the explosions, Doliashvili said. The temperature in the Georgian capital Sunday was 23 degrees Fahrenheit.
Georgia's Inguri hydroelectric plant, which generates some 45 percent of the country's electricity, was working at full power but would be unable to sustain operations at that intensity for more than a few days, Doliashvili said.
Georgian Energy Ministry officials headed to neighboring Azerbaijan on Sunday to negotiate the start of gas supplies on a pipeline between that country's capital, Baku, and the Georgian port of Batumi. It will take three days to get that pipeline operating, Doliashvili said.
Russian gas transits Georgia to reach Armenia, which sends back some electricity to Georgia. Electricity supplies from Armenia were also cut Sunday in response to the gas cutoff.
______
AP reporter Judith Ingram in Moscow contributed to this story.
WASHINGTON (AFX) -- Anyone who's seen an old Western knows that the new sheriff in town needs to crack down on the hooligans in the first reel or there'll be big trouble.
When Ben Bernanke steps into Alan Greenspan's shoes at the Federal Reserve on Feb. 1, he'll be under pressure to prove he'll be vigilant on inflation, several Wall Street economists say.
It could mean interest rates will go higher than most people now think.
"Bernanke has to come out right out of the gate and be tough," said Rich Yamarone, head of economic research at Argus Research. "He has to be a hawk rather than a dove."
"It's Big Ben vs. Gentle Ben," Yamarone said.
The pressure on Bernanke to prove himself to the markets is one reason that many economists are predicting the central bank's policy-making Federal Open Market Committee will raise overnight interest rates at least three more times, from 4.25% currently to 5% or more by the end of the year.
By contrast, trading in financial futures implies the market believes there's a roughly 50-50 chance the panel will stop at 4.50%, meaning just one more rate hike -- at Greenspan's last meeting as Fed chairman on Jan. 31.
History and personality
The factors pushing Bernanke to aggressively raise interest rates come from two sources: institutional and personal.
On the institutional side, newly minted Fed chairmen have nearly always raised rates as one of their first official acts. Each chairman faced unique economic situations at the time that argued for higher rates. But each one was also faced with the necessity to prove their independence from Washington's politicians.
Simply put, politicians (and the people they represent) like low interest rates. Voters don't write to their congressman to complain that mortgages are affordable or that they've gotten a job.
But, as MarketWatch chief economist Irwin Kellner explains in a recent column, "There will be times (such as the present) when the central bank will have to raise interest rates to keep inflation from getting out of hand."
"It might require the Fed to remove the punch bowl before the party gets too exciting," Kellner said. It's the Fed's job to be a wet blanket, just as it's Congress' job to spoil us with tax cuts and pork barrel spending.
So, all things being equal, new Fed chairmen have preferred to quickly assert their independence from Washington by raising interest rates as part of the Fed's overriding goal of keeping prices stable and the economy running neither too hot nor too cold. No Fed chairman wants to start out with Congress thinking he's their patsy.
The Fed's hard-won credibility as an inflation fighter is a big reason why the economy has seen fewer downturns in the past 25 years than before, Fed officials have said. Bernanke won't want to squander the institution's reputation.
The second factor pushing Bernanke is personal. He said some things as a Fed governor back in 2002 that have earned him the unfortunate nickname of "Helicopter Ben" in some quarters.
In discussing theoretical options the Fed would have if deflation ever threatened, Bernanke favorably quoted a remark Milton Friedman had once made about the Fed's ability to use helicopters to physically drop money on the street.
"The U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost," Bernanke said back then.
Bernanke never seriously recommended the helicopter or printing press ploy, but he did suggest that the Fed had lots of tricks up its sleeve, including the ability to buy back billions in Treasury notes to flood the economy with money if necessary.
It never was necessary, although the Fed did lower interest rates to 1% as insurance against deflation. The helicopter line, however, still shadows Bernanke.
Raising rates would be a good way of burying "Helicopter Ben" forever.
As an academic with little real world experience in either policymaking or markets, Bernanke may also want to send a signal that he understands his role in the market: Protecting the value of the dollar.
Theory is overdone
Naturally, not everyone buys the argument that Bernanke must prove himself by raising rates.
"I think that whole line of reasoning is overdone," said Nariman Behravesh, chief economist for Global Insight. The Fed will raise rates to 5%, he thinks, because it's the right thing to do to keep inflation bottled up, not because Bernanke needs to prove his manhood.
"I'm not worried about Bernanke being soft on inflation," Behravesh said. "He's keen to make sure inflation doesn't get out of control."
Bernanke has to prove himself to be competent, not tough, said Peter Morici, a business professor at the University of Maryland.
"Bernanke is under no pressure to raise rates," Morici said. But the new chairman does have to make the right calls in terms of inflation.
The theory that Bernanke must prove himself ignores the basic fact that the FOMC is a committee, not the extension of one personality, said economist Ray Stone of Stone & McCarthy Research.
Greenspan may have ruled the roost for 18 years but even he couldn't talk the committee into doing something it was loathe to do. The FOMC members, especially the bank presidents, are not sheep easily led by a neophyte.
In addition, Bernanke may have a more collegial style than Greenspan had, at least initially. It's hard to imagine Bernanke persuading a majority of the committee to raise rates as a personal favor.
What happens in March will depend on the economic data, not on Bernanke's vanity, said Mike Englund, chief economist for Action Economics. Englund says the decision about whether to raise rates past 4.50% in March will be a very close one and will depend critically on the inflation and growth data.
Englund assumes the FOMC will pause for a few months before resuming its rate hikes in September.
As for those with little faith in Bernanke, a rate hike probably won't change that.
"He's a very dangerous man with some very dangerous ideas," said Peter Schiff, president of Euro Pacific Capital.
No matter what Bernanke and the FOMC do, "we're going to get our comeuppance," Schiff said.
This story was supplied by MarketWatch. For further information see www.marketwatch.com.
Bonds, money
Macroeconomic stories, OECD reports
Indicators
This might has some effect on oil prices going forward.
=======================================================
Tehran plans nuclear weapon test by March
Jan. 19, 2006 at 7:59PM
Tehran is planning a nuclear weapons test before the Iranian New Year on March 20, 2006 says a group opposed to the regime in Tehran.
The Foundation for Democracy citing sources in the U.S and Iran offered no further information.
The FDI quotes sources in Iran that the high command of the Revolutionary Guards Air Force have issued new orders to Shahab-3 missile units, ordering them to move mobile missile launchers every 24 hours in view of a potential pre-emptive strike by the U.S. or Israel. The order was issued Tuesday, Jan. 16.
The group says the launchers move only at night, and have been instructed to change their positions "in a radius of 30 to 35 kilometers." Prior to the new orders the Shahab-3 units changed position on a weekly basis. Advance Shahab-3 units have been positioned in Kermanshah and Hamadan province, within striking distance of Israel. Reserve mobile launchers have been moved to Esfahan and Fars province.
http://www.washtimes.com/upi/20060119-075725-6399r.htm
Petrogen Commences Natural Gas Production and Sales at Tiller Ranch Lease
Thursday January 19, 8:51 am ET
Initial Natural Gas Flow Established from the Tiller Ranch #1 Well
HOUSTON, Jan. 19 /PRNewswire-FirstCall/ -- Petrogen Corp. (OTC Bulletin Board: PTGC - News), announced today that natural gas production and sales commenced early January of this year from the Company's Tiller Ranch #1 (TR#1) discovery well at its Tiller Ranch Lease (the "Lease"), Tom Graham Field, Jim Wells County, Texas. With a known active water drive in the area, preliminary daily natural gas flow from the TR#1 is currently being produced at rates averaging 650+MCFD and approximately 5 BCD utilizing an initial small 5/64" choke size. The Company is currently conducting comprehensive analyses towards optimizing future production rates thereby maximizing total project value to its shareholders.
ADVERTISEMENT
Petrogen's Chairman and CEO, Sacha H. Spindler stated, "Establishing immediate production and sales from Tiller Ranch Field after completion of our substantial natural gas discovery there assures our business strategy for the area is on track for 2006. Tiller Ranch Field is quickly becoming the key growth driver for Petrogen's immediate business development objectives and we anticipate that five additional infill and step out well locations of similar quality can be drilled and completed as natural gas producers at Tiller Ranch Field in the very near term. If successful, these additional new wells will significantly impact Petrogen's current performance metrics."
http://biz.yahoo.com/prnews/060119/nyth053.html?.v=36 ALSO This: http://investorshub.com/boards/read_msg.asp?message_id=9310821
The Odd Couple: Oil And Natural Gas March To Same Beat
Jan 18, 2006
NEW YORK (Dow Jones)--It's been an on again, off again relationship, but crude
oil and natural gas prices have displayed a surprising degree of correlation for
two fuels that have relatively little in common.
While not quite joined at the hip, spot month futures on the New York
Mercantile Exchange have often moved in tandem, even when there is no logical
reason for them to do so other than the very tenuous effect of fuel switching -
substituting one fuel for another.
"Fuel switching is a joke," said Ed Kennedy, a gas futures trader at
Commercial Brokerage Corp in Miami, who sees no logic to the parallel moves in
the two markets.
"It's psychological more than anything because you don't have that degree of
switching capacity," agreed a gas marketer based in Texas.
Over the past five years, the two have often taken cues from one another with
a correlation coefficient of 68% - a significant level. On the other hand, it
has been low or even negative during shorter periods and especially during the
peak winter demand months for gas.
"The correlation can be good, the correlation can be horrible - you have a
huge number of breakdowns along the way," said Kyle Cooper, an energy analyst at
Citigroup in Houston.
U.S. natural gas is essentially a North American fuel with less than 5% of
supply coming from liquefied natural gas (LNG) imports. Users are mainly
residential and industrial with growing use as an electricity generation fuel.
Crude oil, on the other hand, is a globally fungible product with only 3% of
global production coming from the U.S. and alternate supply available in the
event of a shortfall. Transportation fuels are the largest source of demand.
There are some linkages of course. If prices of natural gas and petroleum
products such as residual fuel oil move far out of line, there is limited
ability to substitute one for another by some industrial and generation
customers, but this is thought to be marginal. A hurricane threat to U.S.
offshore production sends prices of both higher, though the natural gas market
tends to react much more since it's more dependent on domestic supply.
Gas Follows Crude, Not Other Way Around
Traders have observed that natural gas not only tends to act more
independently during the peak winter demand season, when temperatures are a big
factor, but that it is more reactive to crude oil rallies than vice versa.
"Most of the spikes in natural gas represent a decoupling from crude," said an
energy trader in New York.
On the other hand, this means that during other periods, the correlation is
even tighter. Despite it having virtually zero impact, natural gas prices tend
to react to international political news. For example, jitters over Nigeria and
Iran, neither of which affect the natural gas market in all but the very long
run, helped send natural gas futures up 4.3% on Tuesday. This came after a month
when the two fuels moved in opposite directions with gas down a whopping 43% and
crude up over 10%.
One explanation for the unusually strong connection could be the growing
influence of purely financial investors in the energy futures markets.
Hedge funds seeking access to energy will often add or cut exposure to asset
classes with demonstrable linkages in order to mitigate risks and gain more
liquidity. Commodity-linked index funds, which have allowed pension funds to
invest in the sector an estimated $60 billion of bets on rising prices, are
heavily skewed towards energy and fresh inflows tend to put upward pressure on
prices of both.
What's more, bullish or bearish reports on energy, such as Goldman Sachs' now
famous "super-spike" oil call last spring, affect sentiment across the energy
market, including the equities of such disparate sectors as coal and nuclear,
solar or alternative energy.
Confounding Correlation
Whatever the explanation, the degree of correlation confounds those who try to
gauge the outlook for natural gas based on the factors that should be driving
it.
If that's proving frustrating now, that ire will only grow as gas begins to
become more of an international commodity. Within a decade, the dependence of
the U.S. on liquefied natural gas should grow to over 15% and keep on rising
thereafter.
This will make natural gas more of an internationally interchangeable
commodity like crude oil and will make it more susceptible to events like a
demand surge in Europe or Asia or a supply shock in the Middle East or West
Africa.
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Another great article from the firstenercastfinancial site.
Bought more GVIS today,New York will be getting a better share of the Homeland security money now & Howard Safir should have some insider help with that! http://biz.yahoo.com/bw/060117/20060117005505.html?.v=1" target="_blank">http://www.documentsecurity.com/http://biz.yahoo.com/bw/060117/20060117005505.html?.v=1 http://www-tech.mit.edu/V120/N30/nypd_30.30w.html
Cardiogenesis Announces FDA Approval for PMC Clinical Trial
Thursday January 19, 7:30 am ET
Company Plans to Identify Strategic Partner in Near Term
FOOTHILL RANCH, Calif., Jan. 19 /PRNewswire-FirstCall/ -- Cardiogenesis Corporation (OTC Bulletin Board: CGCP - News), the market leader in surgical products and accessories used in angina-relieving Transmyocardial Revascularization (TMR) and Percutaneous Myocardial Channeling (PMC) procedures, announced today it has received approval from the U.S. Food and Drug Administration (FDA) on the clinical trial protocol for the PMC procedure. The protocol is approved under an Investigational Device Exemption (IDE).
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"This has been an extremely time consuming exercise that has taken nine months to complete, much longer than we initially anticipated," stated Chairman and CEO, Michael J. Quinn. "With the approved protocol,******** we can now enter into serious discussions with potential strategic partners in the interventional cardiology arena."*********
Prior to receiving the protocol approval, the Company entered into a binding Letter of Agreement with the FDA to ensure that key scientific and clinical issues regarding the PMC technology and trial are clearly understood and agreed to prior to commencing the study. Quinn commented, "We felt the formal binding agreement process was essential to first clarifying, and then agreeing with the Agency on all of the key points needing to be addressed in the trial. As a result of working closely with the FDA, we now have a document which will consider both the safety and efficacy of this much needed percutaneous technology."
"This completes the migration of our technology along the continuum of care spectrum from surgical, to the minimally invasive and robotic platforms that are currently under FDA review, and finally to the percutaneous procedure. We are approaching 30,000 TMR procedures worldwide. The knowledge we have gained from this experience is invaluable in moving forward with the FDA on this platform."
Following receipt of the protocol approval, the company plans to continue its search for a strategic partner and begin the U.S. trial this year.
About Cardiogenesis Corporation
Cardiogenesis is a medical device company specializing in the treatment of cardiovascular disease and is a leader in devices that stimulate cardiac angiogenesis. The Company's market leading Holmium: YAG laser system and disposable fiber-optic accessories are used to perform a FDA-cleared surgical procedure known as Transmyocardial Revascularization (TMR) to treat patients suffering from angina. Surgical products and accessories for the Cardiogenesis TMR procedure, which are marketed in the U.S. and around the world, have been shown to reduce angina and improve the quality of life in patients with coronary artery disease. Surgical products and accessories for the Company's minimally invasive Percutaneous Myocardial Channeling (PMC) procedure are currently being marketed in Europe and other international markets.
For more information on the Company and its products, please visit the CardioGenesis company web site at www.cardiogenesis.com or the patient and physician website at www.heartofnewlife.com. heartofnewlife.com is a resource for patients and physicians which provides medical information on TMR.
With the exception of historical information, the statements set forth above include forward-looking statements. Any forward-looking statements in this news release related to the Company's sales, profitability, the adoption of its technology and products and FDA clearances are based on current expectations and beliefs and are subject to numerous risks and uncertainties, many of which are outside the Company's control, that could cause actual results to differ materially. Factors that could affect the accuracy of these forward-looking statements include, but are not limited to: any inability by the Company to sustain profitable operations or obtain additional financing on favorable terms if and when needed; any failure to obtain required regulatory approvals; failure of the medical community to expand its acceptance of TMR or PMC procedures; possible adverse governmental rulings or regulations, including any FDA regulations or rulings; the Company's ability to comply with international and domestic regulatory requirements; possible adverse Medicare or other third-party reimbursement policies or adverse changes in those policies; any inability by the Company to ship product on a timely basis; the Company's ability to manage its growth; adverse economic developments that could adversely affect the market for our products or our ability to raise needed financing; actions by our competitors; restrictions contained in our convertible debt obligations requiring the issuance of shares rather than repayment in cash; and the Company's ability to protect its intellectual property. Other factors that could cause CardioGenesis' actual results to differ materially are discussed in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the year ended December 31, 2004, the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2005, and the Company's other recent SEC filings. The Company disclaims any obligation to update any forward-looking statements as a result of developments occurring after the date of this press release.
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Source: Cardiogenesis Corporation
Cardiogenesis(CGCP) Announces FDA Approval for PMC Clinical Trial
Thursday January 19, 7:30 am ET
Company Plans to Identify Strategic Partner in Near Term
FOOTHILL RANCH, Calif., Jan. 19 /PRNewswire-FirstCall/ -- Cardiogenesis Corporation (OTC Bulletin Board: CGCP - News), the market leader in surgical products and accessories used in angina-relieving Transmyocardial Revascularization (TMR) and Percutaneous Myocardial Channeling (PMC) procedures, announced today it has received approval from the U.S. Food and Drug Administration (FDA) on the clinical trial protocol for the PMC procedure. The protocol is approved under an Investigational Device Exemption (IDE).
ADVERTISEMENT
"This has been an extremely time consuming exercise that has taken nine months to complete, much longer than we initially anticipated," stated Chairman and CEO, Michael J. Quinn. "With the approved protocol, we can now enter into serious discussions with potential strategic partners in the interventional cardiology arena."
Prior to receiving the protocol approval, the Company entered into a binding Letter of Agreement with the FDA to ensure that key scientific and clinical issues regarding the PMC technology and trial are clearly understood and agreed to prior to commencing the study. Quinn commented, "We felt the formal binding agreement process was essential to first clarifying, and then agreeing with the Agency on all of the key points needing to be addressed in the trial. As a result of working closely with the FDA, we now have a document which will consider both the safety and efficacy of this much needed percutaneous technology."
"This completes the migration of our technology along the continuum of care spectrum from surgical, to the minimally invasive and robotic platforms that are currently under FDA review, and finally to the percutaneous procedure. We are approaching 30,000 TMR procedures worldwide. The knowledge we have gained from this experience is invaluable in moving forward with the FDA on this platform."
Following receipt of the protocol approval, the company plans to continue its search for a strategic partner and begin the U.S. trial this year.
About Cardiogenesis Corporation
Cardiogenesis is a medical device company specializing in the treatment of cardiovascular disease and is a leader in devices that stimulate cardiac angiogenesis. The Company's market leading Holmium: YAG laser system and disposable fiber-optic accessories are used to perform a FDA-cleared surgical procedure known as Transmyocardial Revascularization (TMR) to treat patients suffering from angina. Surgical products and accessories for the Cardiogenesis TMR procedure, which are marketed in the U.S. and around the world, have been shown to reduce angina and improve the quality of life in patients with coronary artery disease. Surgical products and accessories for the Company's minimally invasive Percutaneous Myocardial Channeling (PMC) procedure are currently being marketed in Europe and other international markets.
For more information on the Company and its products, please visit the CardioGenesis company web site at www.cardiogenesis.com or the patient and physician website at www.heartofnewlife.com. heartofnewlife.com is a resource for patients and physicians which provides medical information on TMR.
With the exception of historical information, the statements set forth above include forward-looking statements. Any forward-looking statements in this news release related to the Company's sales, profitability, the adoption of its technology and products and FDA clearances are based on current expectations and beliefs and are subject to numerous risks and uncertainties, many of which are outside the Company's control, that could cause actual results to differ materially. Factors that could affect the accuracy of these forward-looking statements include, but are not limited to: any inability by the Company to sustain profitable operations or obtain additional financing on favorable terms if and when needed; any failure to obtain required regulatory approvals; failure of the medical community to expand its acceptance of TMR or PMC procedures; possible adverse governmental rulings or regulations, including any FDA regulations or rulings; the Company's ability to comply with international and domestic regulatory requirements; possible adverse Medicare or other third-party reimbursement policies or adverse changes in those policies; any inability by the Company to ship product on a timely basis; the Company's ability to manage its growth; adverse economic developments that could adversely affect the market for our products or our ability to raise needed financing; actions by our competitors; restrictions contained in our convertible debt obligations requiring the issuance of shares rather than repayment in cash; and the Company's ability to protect its intellectual property. Other factors that could cause CardioGenesis' actual results to differ materially are discussed in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the year ended December 31, 2004, the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2005, and the Company's other recent SEC filings. The Company disclaims any obligation to update any forward-looking statements as a result of developments occurring after the date of this press release.
--------------------------------------------------------------------------------
Source: Cardiogenesis Corporation
Very Interesting post Regarding MKRS.21 from Tom Dorsey
Lockheed Awarded $57MM contract to upgrade AEGIS weapons systems
http://www.philly.com/mld/philly/business/special_packages/cf_biz/13645998.htm
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Below is a quote from MKRS' 10Q filed in November 2005
In July 2005, we awarded a subcontract to Lockheed Martin Corporation in Moorestown, New Jersey to provide engineering technical services in support of the ADEPT Phase III SBIR production and qualification contract. As the design agent of the AN/SPY-1 radar system, Lockheed Martin will be providing expertise to assist us in the verification and qualification of ADEPT as a SPY-1 maintenance and alignment tool. The total value of this time and materials subcontract is expected to be approximately $100,000.
Hi Stock A.How about a chart of GVIS ? Thank You
Here is a good place to start!Check out who they keep company with? DRS,LMT, U.S. Navy's Dahlgren Division, Naval Surface Warfare Center (NSWCDD, Laurel Technologies in Johnstown, Pennsylvania Some great posts here by tincups from the microcapkitchenboard. http://www.investorshub.com/boards/read_msg.asp?message_id=3129917 http://www.mikros.us/
Thanks, got your 4038 +2 =4040 @.185 Now holding over 46,000 MKRS
GVIS insiders buying again! http://www.secinfo.com/d15J1z.z2g.htm
GVIS moving up today! http://stockcharts.com/def/servlet/SC.web?c=gvis
GVIS looking good! LOL
What's up with GVIS?