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Break Out Coming Today! I can feel it!
Have you checked the patents to see if they are still valid?
What patents?
It seems to me that if the company has something to report, it should report it, and if doesn't have anything to report, it should be silent. Announcing an anticipated deal before it is finalized is not good because it only leads to speculation and hype and then disappointment and finger-pointing if it does not close. Likewise, announcing a contract or agreement without providing a copy of the agreement or any of the details also does a disservice to shareholders. And if negative events occur, they should be reported immediately so that shareholders are not finding out weeks or months later.
Shareholders want substance, results, and real explanations, not empty promises or hollow statements.
Your hypothetical investor lost 99% of his initial investment--$10,000 down to $100.
OPEC seems to be doing the opposite of shutting down facilities to fight the glut. Instead, they seem to be causing the glut--flooding the market to try to drive out competition.
Oil dropped below $62/barrel this week, and Merrill Lynch is projecting it will drop below $50/barrel next year. Does this affect the viability of waste to fuel?
I see they filed interim reports for the first two quarters of 2014, so I guess I was right about that part.
I cannot speak to whether the 2014 filings are required. I am just going off the way I read the Canadian law, which seems to require "current" disclosure and interim reporting. Others may have a different reading. You should check MI 51-105 and the cross-references to other relevant MI and NI and decide for yourse.f
The requirement for insider documents is also in MI 51-105. I did not see any records for GCEI on SEDI, so I assume they have not filed anything. Unless there is some exemption I am not seeing, my reading of MI 51-105 is that they have to file the insider information forms and reports of insider activity and transactions with SEDI. Again, though, others may have a different reading. You should check MI 51-105 and decide for yourself.
Let me know what you think.
I believe they still need to file interim reports for FY2014 and maybe some other documents for FY2014. And it seems they need to file their insider reports and insider transaction details.
Do you mean PGM deal? Isn't the Liberty deal already finalized according to their last PR?
Good one!
The problem with IRR is that it does not consider costs of capital, so it does not reveal the value to shareholders. It's possible to have a high IRR with no return or even a negative return to shareholders.
144 million scrap tires is roughly half the entire stock of scrap tires in the U.S. annually. Where are they getting so many tires?
Am I missing it?
If it is a minor paperwork issue, why is it taking months to resolve?
The U.S. produces about 300 million waste tires per year, about 150 million of which are currently used for fuel. There's no need to import from Spain!
Someone traded 500 shares. That's $8.40--almost enough to cover the commission!
Q4 begins next week. What is everyone's take on when the acquisition will close and revenue realized?
YOU'RE NONSËNS?
Is the projected $15 million income or revenue?
Just as important, what type of contracts are these? Are we talking about non-binding letters of intent or are we talking about wet-ink, enforceable deals with real terms?
I got the number from the Form 10 and other filings which state that "On July 15, 2012, Clean Energy Funding, Inc. converted $145,000 of principal and $48,643 of accrued interest into 27,663,283 shares." My understanding is that Enloe owns Clean Energy Funding, Inc.
Great post, mommykat. I do not have much to add, only a few questions. I thought Enloe's shares were closer to 27 million, not 100,000. Where did you get the 100,000 figure? Am I missing something?
I saw the shares issued to Renken and his entity Profit Consultants, but I also noticed that a lot of the notes had changed hands and are now held by a "Whydah Commuminicacion Inc." out of Canada. Most of the assignment/conversion docs were signed by Mr. Renken, but at least one was signed by someone named Mark Marek. I could not find any information on Whydah Communicacion, but I did find website www.whydah-kapital.ch registered in Switzerland, but by someone called Karl Marek who lives in British Columbia. The Whydah Kapital people look like they do stock promoting.
Anyone know anything about these individuals or outfits?
The majority of shares--possibly a supermajority--are owned by insiders, so there should be zero risk for a hostile takeover under any conditions. If anything, increasing the number of shares would expose you to a greater risk of a hostile takeover if the insiders are diluted to less than a majority.
The shares are all authorized now, so they can issue them at any time.
It's now available online at that site.
Very good post. My understanding of the quiet period is the same: it applies for IPOs, but it is not clear it applies to GCEI's situation. In any event, material developments are still reported.
Did anyone ask for a copy from IR yet?
Thanks! Can you post it here when you get it?
Did they send you a copy of the document or tell you what it says?
Is the bottleneck from OTC Markets or from the SEC because the SEC regulations seem to say the registration statement is effective after 60 days elapse?
A Form 10 Registration Statement becomes effective automatically 60 days after filing, triggering the SEC reporting obligations. One point of clarification: a Form 10, unlike an S-1 registration, does not need to be "accepted" by the SEC. The Form 10 becomes effective automatically.
Did anyone find anything new on shares short? Yesterday's report says there are 11,574 shares short. My understanding is the Knight Capital is a FINRA member, so it would have to report any short selling, but I was curious if anyone heard anything different from the company or a broker?
I do not see them on the current lists. It will be interesting to see if a significant short position shows up in the report released on Monday. Someone at one point mentioned 20 million shares short. That would be a hell of a position given the low float and illiquidity. Even in a very scared market, it would be hard to cover. And there is potential for unlimited loss if there is a run!
I am not 100% sure about this, but I believe that all FINRA members are required to report their short interest twice a month. So, you can check the OTC site for short interest: http://www.otcmarkets.com/stock/GCEI/short-sales. The short interest will be updated again on August 11, I believe.
How many shares are said to be short and who is said to be holding them?
Hi Scrivet--
Do you have a link or something that shows the contracts? I ask because GCEI recently filed its Form 10 registration statement, and as Exhibit 10 to the Form 10 it listed dozens of material contracts. But I did not see any feedstock agreements in there.
Thanks.
If you are referring to me, I can assure you that I am neither a basher nor paid by anyone. What I am is a realist who is skeptical of repeated predictions or promises that do not come to fruition.
If you predict an extraordinary event often enough, eventually that extraordinary event will happen and you will be "right." You could be a seismologist in San Francisco saying the "big one" is coming any day now. Decades may go by with no earthquake, though. But when it hits, most will not remember the 100,000 times you were wrong; just the one time you were right.