Replies to post #2340 on Evergreen Energy Inc.(fka EVEIQ)

[Astralvoyages]

Well golly $12 huh we'd all love that.

I think the US Government needs to bring in the new law, then all clean energy companies should see a re-rating upwards and quite possibly might even keep the gains - on the expectation, that is, of future income.

So my question, as I donm't know the behaviour of penny stocks in the US all that well, as I live in London(!) is .... if these shares spike on news of a change in the law in the US do people think they will keep the gains, or should we sell on the spike, then buy back in when the price settles lower which is quite likely pending the announcement of actual firm signed contracts?

I look forward to your comments on likely scenarios - remember the Chinese have made out they are about to sign a contract by agreeing memorandums of understanding and then not followed through to an actual signed contract. (See my post earlier this week.)

Grateful for comments.

Astral

[DAD2]

Never witnessed a RS go that way but nice positive thoughts always help.

[jjames]

Good luck getting contracts, its NEVER happened, ever.

The company has a history of being 'on the verge' of contracts that never come through. If you understood the math of K-Fuel you would understand why.

K-fuel cost more money to produce than it can be sold for.

The K-Fuel process generates massive amounts of toxic waste that must be dealt with. They are NOT a clean energy company.

The total K-Fuel process consumes more energy than the end product produces.

Evergreen Energy itself has said it may never be a viable product.

But what the heck, buy some while it looks cheap. Although I'm not so sure a company with no visible means of income is cheap at any price. There is a reason it fell from $22 to 7 cents; the market agrees with me.

People have been buying it all the way down from $22 a share, but you may be the lucky one.

[jjames]

History say it falls after the reverse split

It is NEVER a good sign when a company has to R/S its stock to stay listed.