Magnegas currently has several things in the works. They are now selling Magnegas for cutting retail.
They have new distributors, even 1 in California that I would think would be one of the strictest states.
The U.S. Navy is interested in their cutting fuels to be used to decommission ships and have been asked to provide them( Navy ) with costs, which they have done.
In March they announced they signed an expanded joint venture agreement with technology partner Future Energy Pty Ltd of Australia. Under the terms of the agreement, both parties will own 50% of a new Company formed for the purpose of developing, licensing and commercializing new intellectual property for co-combustion of MagneGas fuels with hydrocarbon fuels to reduce emissions and increase energy. This agreement includes and extends beyond the existing partnership of coal co-combustion to include other current and future developments such as the combustion of MagneGas with diesel, heavy oil, aviation fuels, and liquid petroleum gas.
CNBC covered PLUGs run some and if we can get some news of significance and they would like to talk about MNGA while we do the dance, a few weeks ago I sent them a ton of DD and to Cramer too so they don't have to look to far. Can't hurt.
The squeeze trigger announced today at $1.62 with a squeeze target of $3.64.
One of the biggest reasons i feel this way is, when PLUG started their run they had approx 104 Mil in the float. MNGA has 20.3 Mil and lots of those imo are tied up.
Again imo any news will now put an even bigger fire under this and any news of significance and we can Pull the PLUG. There is much more.
MagneGas Corporation is a waste to energy company that converts liquid waste into a hydrogen based fuel. The Company owns the patents to this revolutionary technology called “Plasma Arc Flow.” The PLASMA ARC FLOW™ process gasifies or sterilizes a number of liquid wastes and produces a gaseous fuel known as MagneGas.™ MagneGas is a cost competitive and clean burning fuel that is essentially interchangeable with Natural Gas or it can be co-combusted with existing hydrocarbon fuels and has the lowest Green House gas emissions when compared to fossil fuel. The Magnegas system occupies a small footprint and runs in a completely sealed environment. The fuel can be used for metal cutting, cooking, heating, or powering natural gas bi-fuel automobiles.
The patented technology is called Plasma Arc Flow™ and it is based on flowing the target liquid waste through a submerged electric arc between two electrodes. The arc decomposes the liquid molecules into atoms and forms a plasma around the tips of the electrodes at about 10,000°F / 5,500 C. The Plasma Arc Flow moves the plasma away from the electrodes and controls the formation of MagneGas that rises to the surface for collection.
The Plasma Arc Flow technology converts most liquid waste into a clean fuel called MagneGas. MagneGas is a cost competitive synthetic gas made from many liquid wastes such as sewage, sludge, animal manure, glycerin, used antifreeze, some oil based liquids and waste water. MagneGas is a hydrogen based fuel that has a combination of hydrogen, carbon monoxide and inert trace gases.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.