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Getting hammered
I was thinking more about the patent situation. Maybe this gives MEEC the opportunity to go after competitors that may be infringing on the MEEC patents
I don't think you will get anymore information than they have released to the public.
Look, by all accounts this company is a miracle. What other OTC piece of crap has actually made any money? A slim few that's who. There are some nervous investors and that's totally understandable but in my view, they have made it this far I think they will make it through whatever is going on. Just my opinion.... not that my opinion is worth anything
I don't think they need to raise any cash from what I can tell.
From my personal experience working for a public company, there are times when you have to put your head down and focus on the business. These are the times when you don't worry about the stock price.... Just my opinion.
I guess it's always a good idea to own your patents..... not sure. I wish it was a little more specific as to how this helps the business
trading activity a lot slower today. I think most of the people that wanted to sell have done so by now. good time to buy.
Agreed. Either way I think the stock will sneak back up to $1 over the next year
Good buying opportunity I think.
yeah im not quite sure what the selling is all about. Q1 sales are higher than last year. It will bounce back, especially if MEEC can win some new business.
I think you made a good call buying at 42.
If business is on par with 2016 I don't think they will need more cash infusion
There goes 2.5m of cash
Current Report Filing (8-k)Source: Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) April 24, 2017
MIDWEST ENERGY EMISSIONS CORP.
(Exact name of registrant as specified in its charter)
Commission file number 000-33067
Delaware
87-0398271
(State or other jurisdiction of incorporation)
(I.R.S. Employer Identification No.)
670 D Enterprise Drive
Lewis Center, Ohio
43035
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code: (614) 505-6115
Not applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.01 Completion of Acquisition or Disposition of Assets.
On April 24, 2017, Midwest Energy Emissions Corp. (the “Company”) closed on the acquisition of all patents rights, including all patents and patents pending, domestic and foreign (the “Patent Rights”), relating to the Company’s core mercury control patented technology, which Patent Rights were acquired from the Energy & Environmental Research Center Foundation, a North Dakota nonprofit entity located in Grand Forks, North Dakota (“EERCF”). Since 2009, the Company and its predecessor has maintained an exclusive, worldwide license with respect to such technology related to the Patent Rights pursuant to an Exclusive Patent and Know-How License Agreement Including Transfer of Ownership, as amended, entered into with EERCF on January 15, 2009 (the “License Agreement”) under which the Company has been required to pay to EERCF monthly license maintenance fees and annual running royalties on operational systems of the Company.
In accordance with the terms of the License Agreement, the Patent Rights were acquired for the purchase price of (i) $2,500,000 in cash, and (ii) 925,000 shares of common stock of the Company, of which 628,998 shares will be issued to EERCF and 296,002 will be issued to the inventors who have been designated by EERCF, such shares to be issued within 30 days of closing.
As a result of the acquisition of the Patent Rights, no additional monthly license maintenance fees and annual running royalties shall be due and owing to EERCF following closing which fees and royalties have now been eliminated.
The Company funded the acquisition with cash on hand, including a portion of the net proceeds of its November 2016 private placement offering of common stock.
Item 3.02 Unregistered Sales of Equity Securities.
The information in Item 2.01 with respect to the issuance of shares of common stock is incorporated by reference herein.
The foregoing securities are being issued in reliance upon the exemption from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended.
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Midwest Energy Emissions Corp.
Date: April 27, 2017
By:
/s/ Richard H. Gross
Richard H. Gross
Chief Financial Officer
3
I'm over a buck as well.
I was thinking. The clean air act has put quite a few power plants out of business. Several hundred from what I heard. That power had to be picked up by the plants the were efficient enough to survive. The ones that have survived are lean and mean. They don't want the law reversed and those mothballed plants coming back on line. They must have some influence over this law.... I could be wrong
Is your average over a dollar? If you don't mind me asking.
I believe it's going to continue to trend down given the uncertainty.
Even if he repeals MATS it doesn't mean power plants will stop using the technology. They have invested a lot of money in this.
I am really not that worried. He hasn't been able to accomplish anything else. We will probably have a Democrat as president in 4 years anyway.
Possibly. Could also be personality conflicts. Hard to tell. The Q should be out soon. I think it's better to wait and see the numbers before drawing any conclusions in my opinion.
Trump screwing around with MATS may be scaring investors as well.
I saw the 8K. Do you think this is what is driving down the stock? potential instability?
yep i think i would wait to see how things shake out
Agree 100% . I hate when people call these OTC companies stinky pinkies. There are a lot of good publicly traded companies that start out as a pink. I work for one. The fact is that most of these are just high risk investments.
Thanks. Someone smarter than me making that analysis so I stand corrected.
I have a hard time believing Exxon would invest in this company when they have plenty of capital to build there own facility. I could be wrong, just my opinion.
Beer Money Friday
That has been my thought as well. $450m is a lot of money to raise for a pink sheet company.
investopedia is a good website to explain any of your questions
I wish i had the power to predict that. I would be rich.
I wonder if anyone that was in at .0001 is still holding? A 1k investment would be worth a fortune
What's going on with rfmk? Are they out of business?
Yeah i don't like getting in T this point either. This could be the real deal. Not all penny stocks are scams. I work for a company that trades over the counter and we are doing well after years of barely having enough cash to pay the bills.
Same here. I've been burned too many times jumping in too late. Time will tell if this is the real deal. Can you imagine if you could have put in 5 grand when it was .0001?
Sweet
Good job. I sat on the sidelines too long. Just watching now. This has been a truly epic run though. At this point I going to wait and see what happens before I throw any money in. If the project and funding are approved there is still plenty of money to be made
I wonder how many people were lucky enough to get in at .0001 and who has had the balls to keep holding?
I have never seen a run like this
I wonder if they have future plans to uolist to NASDAQ
Even if the company does not have income or assets, it doesn't mean its a scam. If a company has a good story and good people behind it, a lot can be achieved.
Anything can happen. Not all penny stocks are scams. I have worked for 2 in my career. My current employer looked horrible on paper a few years ago. Now we are doing pretty good.
Has the company disclosed when employees can sell employee held stock?
BOOOOOMMMM!
Are we rich yet?