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Yeah, but my goodness absolutely none of the magnegas they sell comes from the liquid wastes that they advertise. ALL of it still comes from corn.The liquid waste process is still not scalable to provide meaningful production. Its amazing that no-one understands this, that they are still a corn company.
Wow
$ 0.16 value next year. Mr lion, with 109 million shares now outstanding and next years anticipated revenue of 18 million--that would peg the value by end of next year at 16 cents per share
Yikes!!!!!!!!!!!!!!!!
For the love of god man, that little demonstration Truck is exactly what I am talking about. Its only purpose is to prove they have a technology to turn liquid waste into Magnegas, and I am not questioning that whatsoever!! But with regards to producing Magnegas2 for production purposes, that little truck is just a distraction
As per the Edison Research Report June 19, 2018 (their PR and advisory group) Magnegas2 is made from BUTANOL DERIVED FROM CORN!!
I find the Magnegas website misleading at best, as they DO NOT make that clear, and the reader is left to believe the Magnegas2 product sold in Retail Outlets comes Liquid Waste converted to Magnegas2. THIS IS NOT THE CASE
Read Edison Research Report date June 19, 2018. On page 4, 4th sentence describes as follows:
"MagneGas2 is produced from a renewable feedstock. Since May 2017 it has been produced from butanol derived from corn".
They do not have a commercial version of that little demonstration Truck. I dont feel confident they will in the near future
lion that is a demonstration of a concept, it has nothing to do with my point, that being that Magnesgas2 is derived from corn (Butanaol)and not liquid waste as they lead people to believe
Its not a question Martin, its clearly stated that Magnegas 2 is derived from butanol that is extracted from corn. The liguid waste conversion process is not economical nor is it capable of large scale production this time.
That's the point Kim, they don't convert waste products to Magnegas, they convert gas from corn to Magnegas. They appear to be misdirecting everyone into thinking this stuff comes from waste, it doesn't
Yes, they have a process to convert liquid waste to Magnegas, but in my opinion this is just a smokescreen and magician like misdirection act. The actual process to convert waste to Magnegas appears to be very small scale and uneconomical. There is literature stating they have a design for a prototype that can convert liquid waste in a more economical manner and on a larger scale, however this is just at the design phase as far as I know
Do they have any other liquid waste conversion units other than the one that is pictured on the Website? Doesn't really matter cause I don't think that's where the Magnegas they sell comes from anyway.
Where is the Corn Factory? Do they purchase the Butanol from others?
This is a corn Company for goodness sakes!!!!!!!!!!!!!
I just read the June 19 2018 Edison report on Magnagas. They clearly state that magnagas is derived from corn, butanol to be specific.
NO-WHERE on the Company website can you find this fact!! They make everyone reading ANYTHING about the company, whether it be in news releases or other, that they derive the magnagas product from bio and other liquid wastes. This is nonsense, it all comes from corn!!!
They may have a process to convert liquid wastes to magnagas, but from what I have read this is both uneconomical and at present only capable of being produced in limited quantities!
In other words, the entire website appears to misdirect people into thinking the gas they are selling comes from liquid waste, when in fact it comes from corn!!!!
As I understand, it actually costs more at this time to produce magnagas from corn than they can sell it for. Hence the loss of revenue on operations?
Where will they get the corn from in Europe, specifically Rotterdam, to produce the magnagas product??
Do they even process the corn themselves? Where is the factory located?
See below from the June 2019 Edison Report:
MagneGas has developed a patented technology for plasma arc gasification of hydrocarbon waste.The technology is used to convert butanol produced from corn into its second generation innovative cutting fuel called MagneGas2.
Oh Well, it was fun while it lasted. Ran out of gas I'm afraid
That 5 million is still a few million short of what it costs to sustain ANY's crackerjack management team on an annual basis, never mind the cost of employees. Is this money enough to carry them to April? As we know, by then the world will be aflutter with the astonishing capabilities of Sphere's technology to support legacy applications. These are the same legacy applications that no one has anymore because they have already upgraded long ago. Gotta love those niche markets!
In other words, accretive to poop!
Perhaps daytraders back in to flog the dead horse?
He's some news: ITS OVER
I am sure that Peter, Sheldon and the rest of the gang will eventually be taken to task for this
Is Daniel Bordessa still with Cyrus, or has he moved on elsewhere?
what does this German software company's product have to do with Sphere?
It will be important to remain vigilant and alert the potential Sphere Mining investors to what has transpired at ANY.
Does PT live in Mississauga?
The dire letter preceded the Cyrus Board member leaving. I believe that is why one of the Posters here suggested this was a strategic move by Cyrus prior to "putting the hammer down". ANY sell virtually nothing related to new tech, and the old tech loses money. Also looks like Cyrus got sick and tired of ANY management, particularly the compensation packages. Any guesses as to where PT and the gang end up next? What new adventure awaits them?
More secret code comatose? What relevance has this patent application have to do with anything? Yes, I know who you are. You are the guy who posts links whereby we are supposed to "read between the lines". How about just explaining the importance of these patents to the 99% of people who don't understand what you are trying to say.
Will be more careful in the future, just repeating gossip read through online sources. Was really just looking to see if anyone else heard the same, am not familiar with the what you can and cannot say in IHub.
Just thought it was a foolish rumor with zero validity to be honest.
What Insider info? Do you mean everything posted here is insider info? Why are you so sensitive about one of many rumours?
Has anyone heard more rumours about Cyrus's culpability in the recent share price collapse?
Have you heard how much they were offered?
If this was true wouldn't it be a class action suit whereby they would openly solicit people interested in joining them? If so, count me in!! Otherwise I presume this would be nonsense.
Who told you this Derek? Are you the one putting the lawsuit together?
Read this on another site, probably just BS. Shouldn't have posted this in retrospect, I am not taking it seriously.
I was told Sphere was spreading rumours that the Cyrus guy was to blame for the share price drop (shorting?). Was also told that the Overland + Tandberg portion of the business had an offer in for $54 million, and oh yes--huge huge contracts have been signed. These people at ANY have no conscience in my opinion.
So was Bordessa fired by Cyrus or did Cyrus yank him out of there?
Was Cyrus/Bordessa messing up ANY (possible Sphere spin?), or is Cyrus so disgusted with ANY Management that they have had enough, pulled their Director and a ready to play major hardball?
Yes, get out the Electron subatomic-particle Microscope and read between the lines of the verbiage in the Links you have posted over the past few weeks. Remember all, "the truth is out there".
Who is doing all the buying?
Coma, no need to be facetious- I am honestly trying to understand this thing
thanks
Could anyone explain what or how any of comatose's links have ANYTHING to do with Sphere? I have taken the time to check each link he provides, and I have been unable to find any reference to Sphere whatsoever. Is there some secret language here that only tech savvy people can understand? wtf!
Looks like the financing may be dead on arrival.
What's your exit point Atlanta?
Good sense of humor Derek. lol
JayDan, for those of us that are not tech savvy (or otherwise just plain thick), can you please explain in layman terms what you are saying by posting these 4 links. I honestly cant tell if you are pro or con Sphere, as I really don't understand the message in these links. Yes, I am a "non teckie" investor. In hindsight possibly a mistake, but its too late now--I am in for the ride like it or not.
Must be related to the (possibly failed?) financing, must assume insiders or those close to the situation know something has gone wrong. Question is, who the HECK is buying?
Unfortunately for all of us that are stuck in this con, the dreaded day of reckoning is probably very close. Yuck!
By Pump I was referring to the possibility of a concerted effort to pump the price up by making Investors think that the financing they need to keep afloat had been secured. Why else would the share price rise? This was possibly just a "head fake" for Insiders family and friends to get out. I think you will find that the financing is dead in the water, and possible Sphere with it.
Can anyone find out who in Management sold out during this weeks pump and dump? What a bunch of evil crooks!