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Obviously you have made your opinion quite clear.
Let experience and wisdom judge.
Check out what the SEC regards as a "National Securities Exchange."
http://www.sec.gov/divisions/marketreg/mrexchanges.shtml
The way I read it, the OTCBQ would not be considered national. How do you read it?
You outline some possible scenarios. If Dawson James pulls off a big deal, lots of financial and legal people and fees will be involved. Their opportunity for sure; retail shareholders depend on how the deal suits the market. Still highly speculative and risky IMO.
Another poster and I discussed the unusual quotes for SVFC today. If interested, see posts #80874, #80883, #80897, and #80901.
With the information provided I decided to buy more shares, entered an order, and was filled today.
Thanks. I was not aware of the way institutional trading operates and quotes are displayed when prices went beyond the 4th decimal place.
I think that is what you are explaining, but am still puzzled by the display of different Bids in different broker displays for SVFC. Today Fidelity shows the SVFC Bid as $0.00 and IHUB shows it as $0.0001. My confusion is not important if there is no material difference that I can do anything about.
This year SVFC's stock and MB somehow reminds me of an extended bipolar episode (metaphorcally speaking).
Another oddity -- 52 week low is at $0.0001 for SVFC on my Fidelity Watch List. Other sub-penny stocks are showing $0.00 for the 52 week low, and SVFC Detailed Quote is showing Bid $0.00.
Only way I know to explain the difference is that Fidelity and other brokers get their prices from quote services that are feeding market data and route them into several databases. One DB feeds the Quote, Trade, and Portfolio Holdings pages and another DB feeds the Watch Lists.
In my case all displays have delayed data except the Trade pages, which have real time data.
Brokers may differ on their internal data feed structure and price displays.
Fidelity Investments is showing Bid at 0.00 and Ask at 0.0001 with about 90 million shares traded so far this morning. Others?
Maybe it's too soon to say "Elon Musk, Tesla does not get it."
"We believe that Tesla, other companies making electric cars, and the world would all benefit from a common, rapidly-evolving technology platform." Elon Musk.
Mantra wants its technology to become the new standard. And you're making a good case for investors in disruptive tech to consider its progress.
It's likely that Tesla is following new battery research and seeking to solve the fire hazard, battery life, power density, and other problems and limitations of today's batteries. I'd guess Boeing is also very interested. Some recent news:
http://www.sciencedaily.com/releases/2014/05/140514111750.htm
http://www.greencarreports.com/news/1088745_lithium-sulfur-battery-lab-tests-show-high-energy-density
http://phys.org/news/2014-01-ultra-high-volumetric-energy-density-lithium-sulfur.html
http://www.sciencedaily.com/releases/2014/09/140917121001.htm
http://www.greencarreports.com/news/1093530_new-lithium-ion-battery-uses-peroxide-to-boost-energy-density-by-7-times-report
http://www.greencarreports.com/news/1095063_can-new-titanium-dioxide-battery-last-20-years-recharge-in-5-minutes
http://www.greencarreports.com/news/1094080_sakti3-claims-solid-state-battery-breakthrough-for-electric-cars
Bottom line: every research effort "next plans to build a proof-of-concept battery prototype to continue testing the concept, . . .
However, translating intriguing lab results into a mass-market battery may take some time. From the first promising lab-test results to high-quality, low-cost volume production generally takes five to 10 years."
Mantra's prototypes should catch their attention as well. A great tech race!
Ecomike, the article by Lee Shane took information from the Mantra web site area on Technology: MRFC Technology and set it into context for those interested in green energy stocks.
It's value is mainly in introducing Mantra to a broader audience. "Lee Shane works in information technology for a Fortune 500 company, and is an individual investor with over 20 years experience. His focus is on small to mid size technology companies that have the potential to be disruptive, or offer benefits to the sectors they are targeting that legacy technology may not currently provide. He has a strong interest in green building concepts and alternative energy and looks for hands-on opportunities in those areas." He is a guest contributor writing valid information from a credible source, but not an analyst.
Tom Konrad Ph.D. CFA®, the Editor of "Alt Energy Stocks" is "a Chartered Financial Analyst (CFA®) charterholder, and has a Ph.D. in mathematics from Purdue University. He wrote his thesis on Complex Dynamics, a branch of chaos theory. His study of chaos theory led to his conviction that knowing the limits of our ability to predict is much more important than predictions themselves, a lesson he applies to both climate science and the financial markets." (Source: "Alt Energy Stocks")
My Fidelity account lists no analyst coverage for Mantra, but lots for many exchange-traded tech firms. Analysts have specialized analytical/mathematical skills and clear roles, as stated below:
"Analyst Coverage (Current Quarter)
The number of analysts submitting earnings estimates for a specified time period.
Analyst Coverage is an indicator of how closely a company is watched. The more closely watched a company is, the less likely it is that there will be positive or negative surprises that could cause large changes in value. However, the less closely watched a company is, the more likely you are to find value that others have not yet found.
A stock rated BUY is expected by an analyst to beat the market on a risk-adjusted basis over a 12-month period. Beta is the risk measure. Market forecasts are set by the Market Strategist. Target prices are set by Analysts.
A stock rated HOLD is expected to perform in line with the market.
A stock rated SELL is expected to underperform the market." (Source: Fidelity Investments)
If I had analyst skills I may have been employed in that role. But I don't, so I do the best I can to inform other private investors and benefit from participating in MB conversations. Thanks for keeping that conversation going here.
Siri, seems like the shorts are getting their victory first.
About the longs, now in a world of hurt. But we shall see . . . .
So why weren't the two 8-K reports released within the SEC four day requirement? A continuing pattern of administrative sloppiness, or due to other reasons?
All guesswork by MB participants, I realize.
Yes, especially if SVFC can get "a big cash strapped JV partner." LOL
20year, do you put in these "howler" bits just to see if anyone really reads your mighty missives. FWIW I enjoy a look daily. What a hoot!
Ganicus, you are spot on about the 8-K release dates.
Any idea why they didn't release then when Dr. Victor signed them? Why did SVFC go beyond the four day requirement of the SEC? What kind of signal is this? And who had profit opportunities with the drop below .001?
Next paragraph also intriguing. The new underwriter needs a minimum $15 million for the deal. About a year ago, when PPS was much higher, the deal was for $2 million minimum, and YA International came in with $2.1. What's new besides a costly financing lesson learned? Why didn't the earlier deal require much more, say 10 million?
By "attached hands" do you mean investors known to be friendly to current management?
You think the preferred shares are to maintain control and achieve stem tech advance. I also hope so, with better controls over the financial affairs and tech development in every respect. Why are preferred shares now the instrument of choice?
Best, and TIA, Info
Dr. Andrews may have great wealth himself. But he would not, repeat NOT, jeopardize his professional reputation by recommending a sub-penny stock to a professional athlete, IMO.
These superstars have career managers who contact trusted financial professionals on behalf of their clients. A 30 year veteran in this business comments: “Looking at their assets — you have this finite window,” says Rawiszer, who says his focus is on capital preservation.
“Yes, you have to grow it — I don’t want it sitting in cash — but you really want to create a financial cocoon. You will have financial security for the rest of your life if it’s done right,” he says.
“In their prime working years, we’re looking to preserve yet grow their assets” through municipal bonds and high-dividend stocks such as AT&T and Philip Morris. “We reinvest the dividends and income,” since the client’s current cash flow is more than adequate for present needs, he adds.
“We don’t have to swing for the fences and hit home runs if we can hit singles and doubles and grow capital,” the athletes’ advisor says.
In addition to stocks and bonds, Rawiszer carves out ample room for alternative investments, particularly oil and gas, floating-rate bank loans tied to LIBOR which rise in rising rate environment, and global credit opportunities such as recovering European bank loans.
When the celebrity’s career cycle begins to wane, the advisor transitions from a growth portfolio to an income portfolio he can live on."
http://finalexpenselifequote.com/advisor-prepares-pro-athletes-for-life-after-sports/
And you think these financial pros will speculate on sub-penny stocks with the management antics of Dr. Victor? You're spending too much time on IHUB MBs. We are entitled to taking our own risks, but the pros (and my relatives) regard us as crazy. LOL
Anthony Parsons describes himself as an independent investor and blogger, not an analyst. Let's understand him accurately.
He may be good, but has no discernable institutional connection. Of course, if he did have such a connection, he wouldn't be recommending a sub-penny stock.
8-K agreements raise several important questions. 8-K with Dawson James effective on October 7 according to text, yet filed on October 21, after the release of the 8-K agreement with Dinosaur Securities LLC, which was effective October 10.
What kind of games is Dr. Victor playing with potential big money investors? Did the two groups know he was going to put them into a horse race, so to speak? Have I missed something here? What do you who have actually read both filings see?
Puzzled by the financing possibilities here.
Info
Hard to tell. It conceals as much as it reveals.
Notice in Exhibit 10.1 that Dinosaur addressed the proposal to Dr. Victor on October 9, on which date the Managing Director signed at the bottom. Dr. Victor agreed and accepted and signed on October 10.
Then SVFC filed the 8-K Date of Report on October 20. SEC statues: "Companies have four business days to file a Form 8-K for the events specified in the items in Sections 1-6 and 9 above. However, if the issuer is furnishing a Form 8-K solely to satisfy its obligations under Regulation FD, then the due date might be earlier."
For myself, and perhaps other LT holders who hoped SVFC cleaned up its managemnt act, this is not what we hoped for. Their legal counsel has not yet called me back in response to my inquiry about the possible Reg FD status of the filing.
Still holding LT position, Info
Trebeg,
I agree this is typical of penny/subpenny stock dynamics.
For SVFC in this circumstance, we will see. I would not be surprised if there were flipper selling around these levels and then a test of the lows.
JMO, Info
Great news! Thanks for posting, James.
The complete clinical response by such a high percentage of patients strongly supports the expansion of the study.
Trebeg, if Dr. Victor doesn't have a clue about financing, explain to me the substantial amounts of compensation regularly given to his spouse Anna Rhodes who has also been a Director in past years.
She has an honors degree in accounting from the University of Texas, IIRC. From the most recent Form 10-Q "the Company incurred administrative salary expense of $45,000 and $90,000 for the three months and six months ended June 30, 2014 and June 30, 2013, respectively, to the spouse of the Company’s Chief Executive Officer and majority shareholder." (BTW I have a hard time making sense of these dates.)
As an administrator with the ear of the CEO, one would expect her to contribute some financing savvy in the absence of a CFO. At least it seems a reasonable assumption to me. Or am I missing something here?
There's also the internal bookkeeper and outside accounting firm who must keep track of the complex financial, licensing, partnership, and other deals. Quite a task--and whoever was responsible was not up to it.
Gempicker,
Not long ago you wrote: "Only about a 4 million mrkt cap... Could easily be 10x in short order..."
Now the mrkt cap is about half of that. Would you double your projection of the upside to 20X? Or again assert 10x?
Seems to me it's pretty dark in the hole where you're whistling. I'm down there too but not so hopeful at the moment. That's because Co. financial actions so far this year have been the opposite of their stated intent.
Which speak louder to you? On what reasonable basis do you foresee an imminent strong reversal of the PPS downward trend, or perhaps plunge with today's action? So far the wizard behind the curtain is silent, but look at the June 30 Form 10-Q total of diluted shares (p. 4).
Great medical potential, but the sucking sound is the financing whirlpool.
Regarding e-bikes and the China market:
"Chinese companies fail to pay royalties, steal intellectual properties and bar American companies from competing in China. But we continue to do business with them." Comments on a Bloomberg View article about IBM.
That's what always occurs to me about Western hi tech IP and China. Your thoughts?
R.J. Congrats on a great Old Miss victory!
Hope you got to see it in person. You'll surely enjoy it for a long time.
Best, Info
Please give some clarity here, Ecomike.
Your link is the the January 2014 issue of PLANT, later released in March. It uses the term "has developed" about the MRFC.
But this July 7 the PR posted on the Mantra web site News area says, "The Company, through its subsidiary Mantra Energy Alternatives, is currently developing two groundbreaking electrochemical technologies designed to make reducing greenhouse gas emissions profitable, ERC (Electro-Reduction of Carbon Dioxide) and MRFC (Mixed-Reactant Fuel Cell)."
Does "has developed" refers to the bench model, shown on YouTube?
What does "is currently developing" mean? Prototype, or pre-production, or production model, or something else? What type of cell design? For what application?
It's not just Mantra. So many companies release a statement about developments when they mean "will be soon," or "as soon as we get the money and solve the problems," etc. Where is Mantra in the process with MRFC?
TIA, Info
I completely agree.
Another example: The Green Barons Investment Society says under the general heading of "Terms, Conditions, and Disclaimers" that joining it "constitutes that you have read, understand, and agree to all of the following:"
Then it adds in CAPS: "SEE PARAGRAPH 39 BELOW FOR SPECIFIC COMPENSATION AMOUNTS"
For MVTG this is timely informaton:
"Green Baron Ventures Inc., parent of The Green Baron Report, has received (U.S.) $3,500 and twelve thousand (12,000) restricted 144 common shares of MVTG as compensation for this new upgraded report and its coverage of Mantra Venture Group Ltd. (OTCQB: MVTG) as a “Stock Pick” for at least three months starting in September, 2014, in June 2012, we were compensated (U.S.) $7,500 for coverage of MVTG as a “Stock Alert” - for the distribution of this and other material. Since we are receiving compensation and may hold stock in the company there may be an inherent conflict of interest in our statements and opinions and such statements and opinions cannot be considered independent. We may benefit from any increase in share price of the company. We may sell our shares at any time, without notice, be that before, during or immediately after the release of this material. Furthermore, our associates and/or employees and/or principals may have stock positions in profiled companies purchased in the open market or in private transactions. These positions may be liquidated, without prior notification, even after we have made positive comments regarding these companies. It should be understood that any price targets and/or projections mentioned are solely opinions and should not be taken as suggested holding periods. The receipt of this information constitutes your acceptance of these terms and conditions."
http://www.thegreenbaron.com/Disclaimer.htm
The latter part of this statement is rather standard boiler-plate disclaimer language. At least it is more open than some of the posters on MBs. Green Baron disclosed this business arrangement with many penny stocks. I counted at least 200 micro-caps in addition to Mantra in paragraph 39 quoted above.
Peachman, no GS prediction. "Goldman Small Cap Research is not affiliated in any way with Goldman Sachs & Co."
I always read the Disclaimer in Reports. It helps to disseminate accurate information. And it informs everyone about the compensation received by most stock touting services. Usually the pom poms are paid for by cash or shares.
Cazual, you are making your case on a quote from page 2 of the 8-K filing, basically a compressed summary statement. In this case, not the best source IMO.
The details of the agreements are clearly stated in the two exhibits (quoted from text):
"Exhibit 10.1
Laboratory Services and License Agreement, dated effective March 7, 2014, by and between the Company and The Andrews Research and Education Foundation, Inc.
Provided herewith
Exhibit 10.2
Consulting Agreement, dated effective March 7, 2014 by and between the Company and Dr. James Andrews
Provided herewith"
Where statements are unclear or can be interpreted more than one way, their meaning is governed by clearer statements. That's how I've always regarded contracts I've reviewed (not as a lawyer, but as an information manager for partnership senior management). Let's have another look at those clearer statements (selected segments).
"LABORATORY SERVICES AND LICENSE AGREEMENT
2. REPRESENTATIONS, WARRANTIES AND OBLIGATIONS OF ICB
(c) ICB will donate the Laboratory Equipment. The Lab Equipment shall at all times be the property of AREF. ICB will supply all necessary SOPs and training to AREF .
(g) ICB agrees to file an IRB on FDA ClinicalTrials.gov for Osteoarthritis of the Knee in then next 90 days MUST ALSO PASS THROUGH AREF SCIENTIFIC REVIEW COMMITTEE AND IRB.
(h) ICB shall make a charitable contribution to the Andrews Foundation of $10,000 PER MONTH
(i) ICB shall grant 6,666,666 shares of common stock traded on the OTC to AREF upon the commercial opening of the stem cell treatment center at the Andrews Institute in Gulf Breeze FL"
Item (h) is, I believe, conclusive.
Since we both want the parties to the agreements to "live long and prosper" I think clear ideas about what they have done, are doing, and hope to do, is in the best interest of investors in their ventures. We also want to celebrate the health of many and be among those who benefit from their medical and financial accomplishments. Let's agree on that.
Best, Info
Thank you. Joint operations in LA and LB make a lot of sense.
The truck traffic dur to HUB activities is amazing. Removing a major source of road induced smog must have a lot of appeal to workers in the HUB, CARB, and residents along the major highways.
Maybe not so funny to them. Perhaps they read the investor deck on the VIIC Web site.
I found the Investor Presentation, June 2014 very informative. Nice to have an up-to-date overview with great on-location photos as one would expect for the institutional shows.
Port of Long Beach is the company's current focus and location of their HQ. So this represents their best effort for initial roll-out of their trucks.
Would anyone care to unpack the implications of this item on Page 5?
Hydrogen Fueling
Port of Houston (2015)
Port of Long Beach (2016)
TIA, Info
Trebeg, I agree no one can accurately predict the future PPS. Plenty of evidence on this MB alone to demonstrate its futility.
You cited a price of @1.25 reached on 3/10/13. Yahoo historical (pasted below) shows a different, and much lower, price. SVFC plunged under a dollar on May 1, 2012 according to Yahoo historical (a financial "May Day" distress call for SVFC). Was there a typo in your date?
Date Open High Low Close Vol Adj Close
Mar 11, 2013 0.16 0.16 0.16 0.16 0 0.16
Mar 8, 2013 0.16 0.16 0.16 0.16 0 0.16
Best, Info
Mave_rick, I confirm that's what I saw. Thanks.
Mave_rick, will you please link/copy the revenues you are referencing. I am willing to post what I see, but may have looked in a different place. Trying to verify.
TIA, Info
Wow, that's a hot forecast! Great initial entry point. Nice that you added more and other stocks as well. Spreading the risk is always prudent.
If WL hits your target, then it will be a 200 bagger from your original entry point. Fantastic for a micro-cap resource stock. But its unique positioning in NV and resource mix can't hurt.
With the recent rapid PPS rise there may be a modest pullback. The MarketWatch chart with 52 week high of $1.00 is wrong, but not by much. Though it may take awhile, we're on the way to dollar-land.
You're not the only one. But constant repetition may bother those LT holders who are seeing some price erosion now. It's not unexpected given the strong market action in recent weeks. Those holding onto good gains are in a strong position here.
Without going into details, I agree with you that Niocorp will need both more time and share sales relatively soon. So the PPS may drop into a lower risk area. Current chart trends are edging down and the parabolic SAR just went negative. Not bashing, just observing.
If you want to free carry half your shares, you're seeking an entry point that makes a strong rise probable. I got that in a couple of stocks but missed the opportunity at that time in Nio. Those who focused on Nio have done well.
Very interesting to me that much has been made of the clay source of WLCDF lithium. Most other sources are natural brines. Now I find out that the process includes making a brine, using precipitation and various other processes with liquids.
Somehow I got the impression that WL's clay source enabled a different, I assumed dry, process for producing lithium carbonates and other LI compounds. The Argonne National Laboratory was involved in some way as well. Seems I was mistaken about a dry process.
So what can MB contributors with knowledge of chemistry and industrial processes of lithium tell us from this link?
Maybe there will be a pattern of higher lows on the chart. Maybe that's a signal that the bottom is in, that shorts should cover. I've been wrong before, so let them stick with their game plan.
But it's nice of you to warn BBW. He's been giving the board plenty of warnings about past financial "cow pies" littering the landscape.
Granted, the recent hires need to clean up the environment of this company in order to turn it around. Seems like they have the expertise and the incentive to do it. Because I think they'll succeed I added more shares recently and am holding on to see what happens. Best to all longs.
I added some yesterday. Today would have been a better price/volume by .0001, but it won't make much difference in the big picture.
It's hard to call right now. So much depends on positive actions and tangible results.
We will likely see mixed results for a while. It took lots of time and many decisions / actions to get SVFC into this precarious position. It may take weeks or months to see if the financial ship is going to reach port safely or flounder in the storm. Nothing's certain in the penny stock world.
With decisions that many here, including myself, see as hopeful, there's more than we know to be reversed, redirected, and yes, regenerated.
The estimated date for the Green Baron release is Sept. 8, according to the linked 8-K filing. I assume Mantra has made the required cash payment and stock transfer for 3 months of publicity. So we shall see how firm that date is very soon.
Thanks for the link, Ecomike.
The latest developments, IND, bringing together highly recognized professionals with prestigious reputations and substantial wealth seem a mismatch with a volatile sub-penny micro-cap stock.
The five men who control the voting power for SVFC must be considering other ways of financing progress besides the issuing of more stock. About 3 years ago the PPS was near $5. IMO financial practices of the past couple years cannot be relied upon for future ventures.
New IP and clinical trials, an expansion of RegenMed centers, networks with varied professionals, those blue sky items yet to receive form and financing -- all need money muscle on the conceptual bones. Many will be watching to see how this potential legacy venture takes shape.
Not everyone with high wealth achieves commensurate significance. SVFC could be attractive as a global health blockbuster.
Any approval for major financial changes must have support of the majority of shareholder votes.
According to the June 25, 2014 Proxy Statement: "By unanimous written consent of the Board, the Board issued an aggregate of fifty-one (51) shares of Series F Preferred Stock to five (5) individuals. As a result of the voting rights granted to the Series F Preferred Stock, the Series F Stockholders hold, in the aggregate, approximately 50.99% of the total voting power of all issued and outstanding voting capital of the Company."
See also the Table in that filing. Dismaying as it may seem, the Series F Stockholders hold the power over all corporate decisions.