lost in pennyland
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This has been a never-ending case of over-promise under-deliver so far. I truly believe that will change (eventually).
You know, I remember thinking it was a disaster when the SEC halted trading of CTIC at .06. Then after the halt it went over $2.00 a share. These situations don't always turn out badly.
I get the feeling that the option is to either eat the $500k, or fork up another $500K and get the job done. We already saw from one's post that the land is worth a few million based on the value of the land around it. So once the seismic is done they'll likely be glad they did it.
From what I understand, I think Gregg is right. They owe around $500,000, and I think that they're asking for another $500K from this same group to get through the seismic testing. If they get through that, then Norman Mackenzie will be funding the rest of the project.
I thought it was fair up until the last part, which was borderline slanderous. "Traders love that the company issues press releases all day long to keep the stock liquid."
He makes ACTC sound like a scam pump and dump. You think anyone who reads his biotech pieces are going to go anywhere near ACTC after reading that?
They have issued 8 PRs this month. From what I've seen it's the large companies that have multiple PRs a day.
I just spoke with Larry for the first time - nice guy and very forthcoming. It sounds like the debenture people are not sold on the value of the land because they know next to nothing about the oil business. Never the less, progress is being made in the negotiations.
This was never a good company. It just posed as one for a while.
I called a while back and the trial coodinator said that the trial is still open to enrollment, which means that it is a long way from being completed. I get the feeling that this particular cancer vaccine is not looking promising to the women suffering from ovarian cancer.
Otherwise I think they would have reached their limit by now. Then again, it's possible they're enrolling all comers.
It was a completely different company in '99. The current company took over recently (within the last couple years).
I would think IF the product is what they say it is, it would get installed into new cars as well as old. Everyone would want the 5% fuel savings, including the car companies.
They're already making cars that run on ethanol and batteries. You are aware of that, right?
It does sound like the same tech as what MIT was working on. But do we know if it is exactly the same? Perhaps Ryon has solved the soot problem.
I think everyone would have to agree that the timing of the sale does not look good. Could just be someone who had a lot of shares and wanted to lighten his/her load because they didn't want too much money riding on one PR.
Let's hope it was no one in the know.
I thought we were getting close to the all-time low price here, but I see this hit .0001 back in '06-'07.
The deal with Danny Devito was cancelled. They don't have funding. Now the company failed to file the 10Q on time.
If they become a fully reporting company and get the mileage testing verified by and independent source we'll be in the pennies.
How do you know when they're going to issue their next PR?
It looks like the OS has gone up a million shares from 44 to 45 mil. Is that correct?
The important take home message to most people reading this board is that this is a legit company with a copper system on their land...somewhere. Interesting back and forth Willy and Doubloon.
Thanks for the information!
Be something if we ended at .075 or higher.
many possibilities, true.
Or someone is in the know about a sucky PR coming.
Tax loss selling here today. It will make the run all the better when they find the copper lode.
Here's the caliber of company in the permian basin
AREX is a $625 million company traded on the Nasdaq. Here's a company analysis of AREX put together by Wells Fargo.
http://www.sec.gov/Archives/edgar/data/1405073/000095012310111335/d78199exv99w1.htm
Me too. Good thing we have other stocks. This one's a sleeper for now.
Okay, I think I understand what you're saying. You're basing the bounce theory on how the price stablized yesterday. Makes sense, could be ready for a technical bounce. I agree.
I think a lot of people missed that one - like everyone. We might want to spread the message about this guy around I-hub tomorrow.
Guys look at the chart of the other one Terry Fields is CEO of - WLOC. It went from .03 in August of this year to $1.90 currently. That one has 67 mil os.
We have 44 million OS and coincidentally are currently trading at .036. HELLO!
This could be .10 or higher if the product is as good as they're saying, and they get it patented.
I think the catalysts to turn back in the positive directive are still a ways off, but we'll see.
I'm betting with you on this buddy.
If you want to see .20s just keep holding. You might see .05 first, but you'll get your .20s again eventually.
Now TDA is showing overnight brackets of .03 x .145. Amazing retrace in progress.
a forward split would make the price go down by 21x. So if you are inferring that the price went up only because of the split, you would be wrong.
The point about Terry Fields is, where he has gone there has been real value. There appears to be real value here too.
record high prices on copper with a copper shortage expected for 2011. A good time to own land with a copper system in it.
They need to become fully reporting and continue to develop the fuel savings technology. If they become a legit company with a blockbuster product, everyone wins.
I know. This technology could be huge for this little company. If the 5% savings are verifiable, this will be a life changer.
Whatcha think nano? Buy, strong buy, or screaming buy?