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Agreed Pie. This makes contract #2 with a multi-billion dollar tier 1 oil conglomerate. Kinder Morgan is the largest pipeline company in North America. I think they know what they and their engineers are doing, and are the ONLY judges of whether the technology is valid. CONTRACTS talk, bs walks.
Of course it makes sense. If you are negotiating. Now TransCanada has until October 15 to fine tune numbers and negotiate based on that.
Secondly, when you are negotiating you absolutely would want to keep it as quiet as possible. Why else has TRP put a muffle on STWA pr and news wise.
On another note:
Any argument that STWA is just pulling the old bait and switch to a new product has just been proven null and void. The Kinder-Morgan Contract is also for a MID-STREAM AOT. The same product as with the TransCanada deal.
Not necessarily. They most likely have gotten the test results they wanted earlier than expected, which is why they are expediting the testing.
Completely agree DPS. I am also confident that the test was very successful, which is the reason they cancelled the lease in favor of orders to follow (or a new lease) on multiple units. I too believe they did it this way so that they have room to negotiate. They cancel the lease and then extend the lease/test at the same time? It looks to me like they want until October to solidify the numbers and to try to get the best price possible. I am expecting orders to come, maybe sooner than we hope.
Another pilot is HUGE!
WE JUST GOT A DEAL WITH THE LARGEST MID STREAM PIPELINE COMPANY IN NORTH AMERICA.
That is correct Snowy, no one s talking about the Kinder Morgan deal. Don't let certain people direct you to the negative.
If you can't add, this makes number 2. The second major multi billion dollar tier one oil conglomerate that STWA has gotten a contract with. The writing is on the wall. Read it and weep. If this technology didn't work maybe we would get contracts with tiny no name oil companies. These companies are the real deal.
This also proves that the NDA's are for real. There are many outstanding NDA's still. Who are those with??
Let's talk about how there is about the be a lift on the ban on exporting condensate. It looks like we are going on one of Kinder Morgan's condensate lines. Very interesting.
Here are a couple articles I found I think are interesting:
https://rbnenergy.com/its-a-kinder-magic-the-eagle-ford-canada-diluent-trail
http://www.brookings.edu/research/papers/2014/01/lift-ban-us-oil-exports-boersma-ebinger
http://www.pipelineandgasjournal.com/kinder-morgan-investing-130-million-new-condensate-processing-plant
Here is what he missed:
Only the lease is finished. They are STILL TESTING. It's very clear that the testing is still ongoing and that they want to expedite or "speed up" the test. This is a very positive development. The lease was never meant to last longer than 6 months and trp was due to give notice.
The reason they gave as to why they cancelled the lease is a great one:
“The justification for the early termination is due to the project working to expedite the required testing and believes the full term of the lease is unnecessary to successfully complete testing.”
Fact: The testing results still have not been determined yet.
"The Lease continues to be effective through October 15, 2014, and testing of the Company’s Equipment on TransCanada’s pipeline in Wichita, Kansas is ongoing. Data generated by, and results of the testing have not yet been determined."
Are you kidding me?
This points to one thing and one thing only in my eyes.
The TransCanada test was successful and they are speeding up the testing. Look at STWA's website under "sustainability". They can't make forward looking statements.
ORDERS TO FOLLOW
Absolutely TRUE.
Read it:
“The justification for the early termination is due to the project working to expedite the required testing and believes the full term of the lease is unnecessary to successfully complete testing.”
The Lease continues to be effective through October 15, 2014, and testing of the Company’s Equipment on TransCanada’s pipeline in Wichita, Kansas is ongoing. Data generated by, and results of the testing have not yet been determined.
They want to expedite or "speed up" the testing. This is a huge POSITIVE. SHL468 ia absolutely CORRECT. Why would they still keep the AOT until October 15. There is only one reason; the test is still ongoing and going well.
The answer is all in the 8-k. It is a clear positive. TRP had to give notice anyway, and at the shareholder meeting Gregg told us they were going to move us up north. This was completely expected. This is exactly what we WANT. Gregg told us that TransCanada are going to shut down the PS30 pipeline pump station in Kansas to overhaul the station. We are being moved elsewhere, which again is what we WANT.
The real beauty is in the language that TransCanada used in the letter to STWA that is quoted in the 8-k:
That the project is "Working" and that they are extending the test until October 15.
Score! This is AWESOME.
It's a Mid-Stream.
Indeed you are correct. It looks like the the Kinder Morgan contract is for an AOT Mid-Stream.
Wow, another Mid-Stream deal. Impressive!
Just another thing on the TransCanada contract, if you have any doubts whatsoever, simply read the reason that TransCanada gave that is quoted from the letter that STWA received:
“The justification for the early termination is due to the project working to expedite the required testing and believes the full term of the lease is unnecessary to successfully complete testing.”
TransCanada specifically says "due to the project working." And they want to speed up the testing. This is GREAT news. Clearly the AOT is working and they want to proceed further.
The 8-k also says:
"Data generated by, and results of the testing have not yet been determined." So they are not terminating the test, just the lease.
It's all very positive.
I would expect a pr in light of STWA's new strategic partnerships.
It's all in the 8-k. It actually runs the lease a little longer. It was supposed to expire in August or thereabouts. Secondly, it was announced at the shareholders meeting that this was a temporary installation. Which makes this an expected event.
And it's always terrible when a company get's a 2nd contract from ANOTHER TIER ONE oil company which is probably the largest oil pipeline company in North America or the world.
Yeah, that's why we were up 3%.
Also don't forget STWA's new strategic partnerships with Stonegate and McGuinness. Both of these partnerships were signed to communicate to the market and institutional investors.
We got a new contract, I think it will be very positive!
I wrote "in my opinion" orders and/or a new lease will be forthcoming.
Excellent observation Zizek. I was about to bring that up as well. This is why I'm saying this is an up-stream unit. And from what I understand many more up-stream units will be used due to the numerous extraction points.
Again, some highlights about the TransCanada contract. I called IR and got some feedback.
1. They were due to give notice on the existing contract anyway as that was stated in the previous 8-k. Simply put their time was up.
In my opinion-They will be announcing another lease and/orders by the October 15, 2014 date listed on this 8-k. They are simply giving notice.
2. TransCanada explicitly says that the testing is still "ongoing."
Chances are they are going to move the unit to continue testing it on different types of oil, which will generate a new lease or orders. Exactly what Gregg said they would do.
This is a positive. Period.
Completely agree zerosnoop!
That's EXACTLY what is going to happen.
It's Excellent news! I believe the Kinder Morgan contract is an up-stream contract. I do not believe they are moving the same unit which is a mid-stream unit.
KINDER MORGAN 8K & TransCanada 8K BOTH 100% POSITIVE
TRP is only cancelling the lease because they have determined that they do not need the full duration of the current lease contract in it's existing structure. In other words, they already know it's working, either to their satisfaction or better.
This, combined with the Kinder Morgan contract and the new "sustainability" section on STWA.com is telling us the test was/is successful.
I expect orders to follow from TransCanada.
Congrats to all longs!
I fully expect others to spin the TRP 8k as negative. Don't believe it. Both are 100% positive.
Bingo AISI.
yes, this is the one fact they would be missing if they didn't know to look it up, and key to understanding why Sarbox 404 compliance is an unusual and rare accomplishment for an otcbb company.
Well said DPS. Completely agree!
Corporate Oversight:
After doing some checking I'd like to actually change/add to what I said about STWA maybe needing more corporate oversight.
The fact is STWA is currently being controlled by The Sarbanes-Oxley Act of 2002, and there is NOTHING more controlling than SarBox 404. Period. Not even a separation between CEO and Chairman. "SOX," is also known as the "Public Company Accounting Reform and Investor Protection Act" and "Corporate and Auditing Accountability and Responsibility Act."
As a result of SOX, top management must individually certify the accuracy of financial information. In addition, penalties for fraudulent financial activity are much more severe. Also, SOX increased the oversight role of boards of directors and the independence of the outside auditors who review the accuracy of corporate financial statements.
There is nothing stricter when it comes to corporate oversight than SOX is. Period.
Now let me ask you, how many BB stocks can say that they are SOX registered and compliant?
1 ??
Check it out.
I will answer your questions right here.
1.
Alkaline, you are smarter than to ask that question.
Throw a rock with your eyes closed on the OTC and you will hit 5 companies that are not real. Any company that services micro cap companies as their client base just by the odds are bound to get hired by a company that is less than on the up and up. I would guarantee that if you were able to find another company that services micro cap companies as their client base, you would undoubtedly find a bad egg.
The goal was to create a conversation that would try steal some of STWA's thunder, and take the focus off of what is a productive development. I would say he succeeded because several responded.
Also, I'm assuming they were actually hired by that company.
Great work Gregg and team.
There is a nice little presentation on Stonegate Securities' website:
http://www.stonegateinc.com/
All of their services seem to fit STWA's needs to a t.
I never stated in any of my responses to you that I felt "it was ok for Gregg to take this kind of compensation"
-another one of your assumptions.
Bottom line: there is plenty to prove STWA is moving in the right direction. We are currently testing our technology on the most prolific pipeline in the country with one of the largest and established tier one oil pipeline companies in the world. That says it all.
I don't see red flags.
1. A high salary is not a red flag.
2. Going dark is not a red flag.
3. Not having regular PRs is not a red flag. Putting out fluff PRs in order to try to artificially keep the stock price up-- nit that's a red flag!
4. People selling in the market is not a red flag. Oh, and haven't we been going up lately?
5. You may not like Gregg's resume, but that in no way means he can't do the job. All of this is just your opinion. He can sell, that's the qualification that matter most to me. Cecil was a pilot. He was LESS "qualified " than Gregg, and apparently you think he did a good job! You should let up on the bashing, and convince me with facts and proof why Gregg WON'T do a good job. You can't because all of this is just your opinion. 99% of everything your are saying IS MERELY YOUR OPINION. As is most of what I state.
6.. Gregg did not lie. Why do you think we needed the AOT back in order for us to talk to TransCanada? Your logic makes no sense.
7. Giving TRP a handshake NDA is just another way if saying that TRP doesn't want us going public in certain ways.
8. Again, your short sightedness is demonstrated by judging the company prematurely on its stock performance alone. The test has only just begun.
First of all, the company is not telling me. That's my opinion. Based on the AOT being on the Keystone Pipeline with a known tier one oil company: TransCanada. You make a lot of wrong assumptions.
Second, I'm not judging Gregg right or wrong based on Cecil's salary, did you listen to what I said? I'm judging the different amounts each CEO got paid not whether both CEO's pay was high or not. We voted Cecil to get an additional 100k when the company delivered, and who do you think was responsible for the company delivering? It was Gregg. I'm not justifying his salary, I'm saying that I think Gregg had less to do with determining his pay package than you think. You are saying he is greedy, milking and abusive when you don't know what you are talking about. The reality is you are not informed at all of what Gregg's intentions are. You don't work for the company. You don't like his pay? There's nothing you can do about it except sell your stock. Why don't you? If you are so unhappy with the way things are you should just sell your stock and get out. No one's forcing you to be invested in STWA. Then it won't be "your money" you think he's living high off of.
I believe that Gregg IS doing everything in his power to move the company forward so that we can all realize what this company can and will be. So that the company can realize all of it's potential by selling it's technology to multi billion dollar tier one oil companies.
Gregg is not "milking" the company. imo Gregg did not "write his own employment agreement." Imo Gregg did not decide his compensation package including his salary on his own, and that others were involved. You don't know all the details as to how his pay came to be, you should not assume you do. Neither you or me or any of us work for the company. We don't get to know everything that goes on behind closed doors. Since Cecil brought Gregg in, what makes you think that Cecil did not determine Gregg's pay package? Think about it. He was the CEO at the time, and the pay packages are eerily similar. Did you not notice that Gregg's pay was determined while Cecil was still at the company? And again, Gregg never got 17 million shares handed to him like Cecil did. Gregg doesn't make as much as Cecil did. Don't be so quick to judge Gregg Bigger. He's not the "milking" abusive executive you make him out to be. Gregg is responsible for wanting to see the company succeed at all costs, and if it means we have to go dark for a little while so be it. It will be worth it when the AOT gets adopted by the oil industry, we have multiple contracts, and our stock is at all time highs.
You have to remember much of this is out of STWA/Gregg's control and we are in contract with TransCanada. They are calling the shots. For now. That will change. It's just a matter of time before a major tier one oil company champions this technology and goes public with STWA.
"I'm resentful, it's been nine, freaking months of this crap. I gave them until July to show something whch is plenty long enough."
It's taken a long time and many are frustrated, but it takes time to build this type of business especially in the oil industry.
"What I'm resentful about is my account is worth HALF when it should be worth 5X."
Like I've said, you can't predict what's going to happen in the market. It's not Gregg's fault the share price is where it is. It's the nature of our relationship with TransCanada. But this will change when the time is right.
"I'm resentful everytime I see an old friend that asks me how ZERO is doing. "
No one has control over a stock's price. To think there will not be surprises goes against the very nature of the stock market.
"I'm resentful I worked my butt of and am personally responsible for selling approx 3M shares, open market only to line the selfish pockets of someone using PUMA to take the liquidity I worked so hard to create. "
Again-out of your control. Sit back and wait for the company to make progress. That is the only thing you can do. There are no other choices. The only thing you can control is your keyboard, and whether you buy or sell.
"I'm resentful I spent my time arrianging for two SA articles to be written. One got killed because of STWA and the other delayed so long the timing was off."
You tried to effect a change in how a company is publicly perceived with out being an executive or decision maker in that company and being asked to do so. No company will want a shareholder in control of their public image.
"I'm resentful Gregg is running this company into the ground. "
Gregg is NOT running the company into the ground. At all. He is saving it. He can't control the market. What he can control is fundamental change and putting our tech into the hands of oil companies that need it.
"Im resentful Gregg is taking so much money it's obscene, while we are losing money."
I understand you think Gregg is making too much, you've said it at nausea on this board. Cecil was making even more money and had approx 10 million more options before they were cancelled, yet we never heard a peep out of you then. Was that bc the share price was higher? We are actually saving money having Gregg in the chair vs. the previous CEO. The stock will go up and you will feel better about his comp. You need to let them do the test, get on with business and ramp up productivity. You need to let management do their job. And when we see the fundamental progress Gregg will make and that we all got in this for, then you will change your tune and be more appreciative we have Gregg as our CEO.
Completely disagree.
Big board CEO's are not making a "fraction," Maybe very few, but the vast majority are making millions over Bigger's salary. The BOD is not screwing anybody. And when we do see a roi it will be DIRECTLY because of Gregg Bigger's hard work and dedication.
People have been vocal about Gregg Bigger recently, here is my take. I was going to say the exact same things as Tsully & DPS. I agree with their posts. What exactly is it about any stock price does one think they can predict? If one is so focused on the stock price, that's all one will see. If someone sold at a loss it's their fault. If one sold a profit it's their fault. If you bought in before the TransCanada contract you would have seen huge gains when we got the contract. If you didn't take profits it's your own fault. If one has personal financial problems and needs to sell and loses money that's unfortunate, but this is the stock market, not a savings bond. You should have taken some profits. In fact, most of the investors I know got in at .25 and have enormous 220% gains. So that's not good enough for you to hold on another 6 months or a year? I'm guessing the 2 investors on here with 500k also got in at .25 or .30. If one wants to blame a paltry 220% gain on Gregg Bigger then fine. But if you want to be a long term investor than you'd better start thinking long term or just get out, because you won't find what you're looking for here obviously. Harping on everyday about the stock price isn't going to make the stock go up. But what would be the motive for someone to do that? Are they short or trying to get people to sell? What's their motive?
More so what evidence does anyone have that Gregg is flying first class? Or that STWA paid for it if he did? Or staying at the Ritz Carleton? Or that STWA paid for it if he did? Or that he has an unlimited expense account? And brags about it? Was that person there? Do they know the context of what was said at the moment? No, because they weren't there. They could have been joking around. Anyone can make accusations, but where is their PROOF?
So are you worried about Gregg Bigger's compensation package? He is the one and only high paid executive in the company at $290,000 per year and he deserves it. We are not paying a team, it's only Gregg in management. He is likely working 15 hour days, retuning emails at 3am to different countries, 7 days a week, and probably never gets to see his children. You want to get rid of Gregg yeah? Well what other CEO are you going to find to work those hours and devote their life to this and work that many hours? Any CEO worth their salt will want a lot more to do what Gregg is doing. If this is successful and adopted by the oil industry do you really know how much $ the company could stand to make? And if it was told to you that Gregg was mainly responsible for making that happen would you still have a problem with his pay? Ha. Peanuts. He has reduced our expenses, and our burn rate is HUNDREDS OF THOUSANDS less right now than if Cecil was in the chair. His pay will not make or break the company and will not matter either way if we fail or succeed. If you worried about his termination contract ask yourself first why would we want to terminate Gregg? He's the hardest working CEO we've had to date. Imo Gregg knows were are going to be successful, so he negotiated that comp package when he came on board in light of what he knew is coming. He just can't say anything about what is coming because that would be illegal and put our potential contacts at risk. When this comes home you're not going to give a crap about what Gregg's pay is, because the company will be making money and so will you. Gregg is directly responsible for getting us a contract with TransCanada and earning us our first real revenue. We ALL know it WAS and IS Gregg spearheading the sales effort at STWA. Have we seen the fruits of Gregg's labor yet? No. Have we seen the tip of the iceberg with TransCanada? Yes. Things take time in the oil industry with a new tech like this. If you don't want to wait sell your stock and buy something else. Don't sit around posting and complaining all damn day, that won't make the stock go up, I can guarantee you of that. You know what will make the stock go up? Adoption of the AOT by TransCanada and the oil industry. What did you think? That this was going to be easy without time delays or hiccups? That it would be EASY and quick to ride a stock from .25 to $10.00? Think again. If you did then you'd better adjust your expectations. Like Tpsully said, we don't know what's going on behind closed doors, and Gregg said at the shareholder meeting that things would be quiet. I mentioned in my very long and detailed post (up in the stickies section now) and everyone knows that we are on the brink of having a major breakthrough with TransCanada. If one is not willing to wait to see what the outcome of the test is or unhappy with management you should just get out. We don't know what we don't know. I agree with FM- Let management do their job.
Never suggested only positive coverage. Just that many here want to talk about a company that interests them. People have the right to voice their opinions, doesn't mean it's "regurgitated fluff."
Your take is as relative as any anonymous keybord holder's is. As is everyone else's who writes here. Of course one needs to prove their claims, but what you refer to as, "constant fluff jobs" and "pr regurgitation" is the majority of the time simply shareholders here occupying their time with something that interests them while they wait. Not the constant intentional pump you make it sound like. And certainly not everyone who writes here is the same as you seem to claim.
My advice is to stop discussing it. That was his goal, to get investors to talk about it.
Alkaline, just one or two adjustments to your estimations.
First, the pilot was pushed back a few weeks so I would adjust your end of July date to the end of August or early Sept.
Second, all we need to see is that TRP has decided to keep that one unit and continue to lease it. I think it's safe to assume if that happens orders will follow. However, they could simply place an order right after the test if that's what they decide to do, I think this is very possible (I wrote this in my long post a couple weeks ago).
Third, at the shareholder meeting Gregg talked about other midstream customers, as long as it was a different type of oil, so I don't believe that another midstream deal is off the table. But likely you are correct, others may wait for the pilot. Or it could be that Gregg believes it's prudent to get this test with TRP done first. I don't know for sure, but since we haven't seen the announcement of another mid stream pilot or deal, then it's probably safe to assume they are waiting for TRP.
Fourth, I also think the same holds true for upstream customers as the midstream ones.
As far as the share price in concerned, no one knows, but if forced to comment I agree with DPS on that front.