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0.35 by EOD
Further, § 382(c)(1) imposes a continuity of business enterprise requirement for the two years following an Ownership Change. The loss corporation will lose all of its prior accumulated NOLs if, at any point within the two-years following an Ownership Change, the loss corporation fails to do one of the following: (i) continue a significant line of the loss corporation’s historical business, or (ii) use a significant portion of the loss corporation’s historical business assets.
For purposes of calculating this annual limitation, the value of the loss corporation is the value of the loss corporation’s equity (including the value of certain preferred and other stock not considered when determining stock ownership) immediately before the Ownership Change. The value of the loss corporation, however, should not include (i) capital contributions made primarily to decrease the impact of the annual limitation, or (ii) substantial nonbusiness assets (e.g. assets held for investment) exceeding one-third of the total value of the loss corporation’s assets. § 382(l). In addition, capital contributions made within two-years prior to an Ownership Change will be presumptively excluded from this calculation. § 382 (l)(1)(B). Accordingly, when a loss corporation has relatively little value, excluding its NOLs, § 382 serves to significantly reduce the value of the loss corporation’s NOLs to an outside buyer.
I pity the fools who sell off their shares tomorrow.
This stock is easily worth $0.35 a share.
I tend to think this is the case but we'll see.
I wouldn't doubt that they took it down indefinately. I'm in no way any type of professional but I don't think that blog was technically legal. Public companies are suspose to post information for the public to see. Although, anyone can go to that site read the blogs, ask questions, and read the comments it's not really provided in a way that is "open". For instance I asked a question on the time scale for the company being uplisted to OTCQ and CO answered my question in the comments with anywhere between 30 days and 6 months. Anyone can read that if theyt go search for it but that kind of information should be given out in press releases. Maybe, their investor relations finally decided to do some work.
Here is the direct link to the blog entry I made with the CO's response.
http://lowcarbontechnologies.wordpress.com/2013/08/06/lcti-low-carbon-technologies-international-inc-announces-dtc-eligibility/#comments
You can also get to it from the main site here:
http://www.lctiinc.com/
Then click blog,
4th entry down click comments
The reason they are not DTC eligible yet is because like you said the DTC is a US post-trade financial services company providing clearing and settlement services to the financial markets. LWCTF was previously in the "Canadian" stock exchange and just entered the U.S. market six months ago back in March. They just now submitted the paper work for eligibilty.
You can't debunk what was said because of a typo on a corporate blog. I'm not going to pick apart what you said because I believe I posted all the necessary information in my first post.
DTC eligibility is in the process. This company was previously listed on the Canadian stock exchange and recently moved over to the U.S. stock exchange. I assume in doing so they still need to be approved by the DTC to make trading a cost effective process, which is why Scotttrade and Ameritrade will not trade the stock. There's a lot of paperwork that must be performed and submitted for trading to occur for this stock until they become DTC eligible. It simply just isn't cost effective for Scottrade and Ameritrade to trade the stock. It has nothing to do with the legitamacy of the company.
I asked on the blog if there was an esitmated time they could give on the DTC approval and they responded with:
"Dear Sir,
We are not certain of the timeline. We have been told a minimum of 30 days and up to 6 months. We hope that it occurs in much less rime."
The following was copied directly from their blog on their website:
http://www.lctiinc.com/#!blog/c1ci6
"The Company is pursuing eligibility status from the Depository Trust Company (DTC), subsidiary of the Depository Trust & Clearing Corporation (DTCC). DTC is the world’s largest post-trade financial services company. It provides electronic clearance, settlement, and information services for the vast majority of the equities and other securities in the U.S. Trading of securities through DTC allows for cost-effective clearing and guaranteed settlement. Securities that are not DTC-eligible are often not accepted for trading at many brokerages due to the amount of paperwork and manpower required to execute and settle trades, thus making it more difficult for a significant percentage of investors to easily access the shares."
“This is an important milestone for the Company and we are pleased to announce that the company is pursuing DTC eligibility,” CEO Bryan Scott Jarnagin commented. “Being DTC-eligible will make it easier for brokerage firms to trade our stock for their clients. We expect that our DTC-eligible status will improve our overall share liquidity and share attractiveness on the market and we will continue to update our shareholders on our progress.”
All those are actually possible. If you do a google search none of those are new ideas and all have some legit science behind them.They are not say they have the technology to do those things currently, just that they are investing in the ideas.
ACOE Approval: http://www.otcmarkets.com/stock/LWCTF/news
This is Great news! This shows that although I believe this company lacks in the PR department it is a legit company. This company is worth so much more than what it's pps shows right now. Now just a little bit more time until they move out of OTC Pink.
LWCTF Just approved a 90 million dollar contract with the Army Corps of Engineers. http://www.otcmarkets.com/stock/LWCTF/news This company is easily worth 10x of what it's worth right now. Get in while you can!
We're sitting on a gold mine. LWCTF is only .05 pps and should be around at least .90 - $1 pps. Join in while you can. The company just approved a mitigation project with the Army Corp of Engineers for $90mm, announced a stock repurchase plan and entered into an LOI to acquire 100% of a Texas based energy company with $7.4mm in revenues. The only thing holding this back now is the DTC eligibilty which IMO will be taken care of by the end of this month.
LWCTF is only .05 pps and should be around .90 pps. Join in while you can. The company just approved a mitigation project with the Army Corp of Engineers for $90mm, announced a stock repurchase plan and entered into an LOI to acquire 100% of a Texas based energy company with $7.4mm in revenues.
I have a feeling this ACOE project is going to be confirmed some time at the end of this month along with the tier change that's coming at the end of this quarter. If this company can achieve the ACOE project and uplisting from pink, we're going to be some rich people.0
I have a feeling this ACOE project is going to be confirmed some time at the end of this month along with the tier change that's coming at the end of this quarter. If this company can achieve the ACOE project and uplisting from pink, we're going to be some rich people.
I follow this thread often but rarely do I post. I'm keeping my hopes up on this stock because it's seems like it will actually pay off but the only thing I don't like is that they use a blog. I know blogs are used because what is said on a blog is the opinion of the poster and can not be used as official statements from an organization. So, why is this company utilizing a blog instead of posting through legit sources?
Yes I have. That and from the financials the pps should be somewhere around .90 It was either just a little under or a little over 50% of the outstanding shares are owned by management and distributed at 1.25 a share. If they were going to sell off their shares it wouldnt be at 4 cents. Honestly, I just think no one knows about this stock which is the only reason it's so low right now.
Good financials, more active users on the board, volume and pps is going up, good things are to come. Spread the word.
I guess he was right, financials are out. The company looks like it's doing a hell lot better than what the pps shows. Its just this company doesnt like to post PRs. Once this company gets put on the radar its going to blast off.
I noticed that they updated the blog stating they are still expecting the contract with the ACOE to be approved but there is no expected date.
"The Company has has recently entered into the following contracts:
Pasadena Independent School District $1,705,000.00
Altus Lumberton Hospital $1,106,032.00
Hardin Independent School District $353,504.34
Lamar State College $769,500.00
Lumberton Independent School District $601,500.00
Lumberton Independent School District $106,365.00"
"VANCOUVER, BC--(Marketwired - Apr 12, 2013) - LCTI Low Carbon Technologies International, Inc. (PINKSHEETS: LWCTF), a USA based diversified company focused on the Clean-tech, Construction, Energy, Environmental, Mining and Real Estate business sectors announced today, the company secured a 43.5% stake in Northwest Critical Minerals, LLC ("NCM"), a Rare Earth Elements (REE) mining company, having potential values upward of half a billion dollars for LCTI shareholders."
http://www.marketwire.com/press-release/lcti-low-carbon-technologies-makes-20-million-acquisition-northwest-critical-minerals-1778264.htm
This is some nice volume that we haven't seen in awhile.
So you're saying another 30 day delay? Being in the military I expect this sort of thing but man it doesn't help this stock out right now. This'll be the second delay I know of.
Should be a good day today. News of the contract with Army Corps of Engineers should be released today. Spread the word. This stock is a hidden gem and it's time to cashout!
We'll see where Monday takes us. It should be the day the tell us they get the contract with Army Corps of Engineers.
LWCTF could be big play come monday. Confirm 90m contract with Army corp of engineers. Could easily go up to 5x current price.
LWCTF about to boom next week. If contract goes through stock could be worth 10x what it is now.
Someone just bought 13k worth of stocks.
Well the stock wasn't effected that much after the first delay of the contract with the Army Corps. A couple people sold their shares off but there's only been a hand few of trades a day since then. Currently right now if everything this company says checks out, I'd say it's worth atleast $.9 a Share and well over $1 if the Army Corps contract goes through. I guess we're just waiting on to ensure this company is legit and once it's proven itself it's going to sky rocket.
Tuesdays are big PR days!
Way to much on the ask at 19. Not going to break that today. Tomorrow is news day anyways.
If we break these 18's we'll be back up in the 20's easily.
Load up now, news has been out on the last 3 Tuesdays. Hopefully, they continue the trend.
They should be attaining a contract with the Army Corps of Engineers on June 10th worth 90m but the original date was April 1. They state everything looks promising. I believe how this deal goes will tell you if this stock is actually worth something.
I don't think many people own the stock either, or atleast not many people are trading it. This may be one of those hidden gems, atleast I hope it turns out that way. We'll know by the 10th.
I'm excited to see what this week will bring us. Possibly break .01 by Friday?
Only 9 more days. Excited to see what call comes of this.