Replies to post #136822 on Cartel Blue Inc (CRTL)

[knight247]

https://www.zauba.com/company/OMEGA-MERCANTILE-PRIVATE-LTD/U51900MH1983PTC031415


About Omega Mercantile Private Ltd


Omega Mercantile Private Ltd is a Private Company incorporated on 24 November 1983. It is classified as Indian Non-Government Company and is registered at Registrar of Companies, Mumbai. Its authorized share capital is Rs. 45,000,000 and its paid up capital is Rs. 1,531,800.

Omega Mercantile Private Ltd's Annual General Meeting (AGM) was last held on 24 September 2013 and as per records from Ministry of Corporate Affairs (MCA), its balance sheet was last filed on 31 March 2013.







Omega Mercantile Private Ltd's Corporate Identification Number is (CIN) U51900MH1983PTC031415 and its registration number is 31415. Its registered address is 7-B SAHAR ROY APTSCO OP HSG SOC LTD SAHAR, MUMBAI - 400099, Maharashtra INDIA.

Company Information

Corporate Identification Number U51900MH1983PTC031415
Name OMEGA MERCANTILE PRIVATE LTD
RoC RoC-Mumbai
Registration Number 31415
Company Category Company limited by shares
Company Sub Category Indian Non-Government Company
Class of Company Private Company
Authorised Capital (in Rs.) 45,000,000
Paid up capital (in Rs.) 1,531,800
Number of Members(Applicable only in case of company without Share Capital) 0
Date of Incorporation 24 November 1983
Address 1 7-B SAHAR ROY APTSCO OP HSG SOC LTD
Address 2 SAHAR
City MUMBAI
State Maharashtra
Country INDIA
Pin 400099
Whether listed or not Unlisted
Date of Last AGM 24 September 2013
Date of Balance sheet 31 March 2013
Company Status (for eFiling) Active

[knight247]

FINRA Updates the OTCBB/OTC Equities High Price Dissemination List


Overview

FINRA® is publishing its quarterly OTCBB/OTC Equities High Price Dissemination List, which will be available via a Unit of Trade query of the Daily List. This updated list of OTC Equity Securities eligible for trade report dissemination for trades of fewer than 100 shares will be effective March 24, 2014. All changes can be viewed by going to http://www.otcbb.com/AllDailyList/ , selecting “Unit of Trade Changes” in the “Search by Date Range” and entering March 21, 2014 as the “From” date.
As discussed in the OTCBB April 15, 2008 News Item http://www.otcbb.com/news/2008/GeneralNews/041508.stm), for all OTC Equity Securities that trade at or above $175.00, transactions of fewer than 100 shares are no longer considered “odd-lot” transactions for dissemination purposes. Instead, FINRA has designated the unit of trade for these securities as one (1), and FINRA disseminates last sale information for all transactions of one or more shares in such securities. FINRA reviews trading activity quarterly to determine whether additional OTC equity securities meet the stated dissemination criteria.

For further information, please refer to the FINRA Trade Reporting Notice.

Contact Information: Contacts for questions: FINRA Operations 866.776.0800 or [e-mail].

[knight247]

BIG NEWS!!!!!

OTCQB Fact Sheet Creating a Better Venture Stage Marketplace
Companies Currently Traded on OT CQB
OTC Markets will roll out the new procedures for
OTCQB over the course of a year. Each company
will be required to comply with the new OTCQB
procedures 120 days after its Fiscal Year End
(“FYE”). Companies that do not comply with the
new procedures within the required timeframe
will be downgraded to OTC Pink.
Companies with a March 31 FYE will be the first
group of current OTCQB companies subject to
the new requirements and will be required to
comply with the new OTCQB standards by July
31, 2014. The rollout will be complete when the
last group of current OTCQB companies with a
FYE of March 30 are required to comply on July
30, 2015.
During 2014, companies may choose to apply to
OTCQB prior to their required compliance date to
take advantage of discounted pricing.
Summary of Changes
To be eligible for OTCQB, companies will be required to:
• Meet a minimum bid price test of $0.01. Securities that do not meet the minimum bid price test will be
downgraded to OTC Pink
• Submit an application to OTCQB and pay an application and annual fee
• Submit an OTCQB Annual Certification confirming the Company Profile displayed on otcmarkets.com is current
and complete and providing additional information on officers, directors, and controlling shareholders
Additional Changes:
• International Reporting companies listed on a Qualified Foreign Stock Exchange are now eligible for OTCQB
• Banks that do not file disclosures on EDGAR will be required to post their regulatory filings on otcmarkets.com
• Securities of companies that do not either meet the OTCQB standards or qualify for OTCQX will likely continue to
be traded by broker-dealers on OTC Pink
Timing
Beginning May 1, 2014:
• Bid Test: All current OTCQB companies that
do not meet the minimum bid test (minimum
bid price of $0.01 per share as of the close of
business for at least one of the previous thirty
consecutive calendar days) will be removed
from OTCQB beginning May 1 .
• New Companies: Companies that are not on
OTCQB as of April 30, 2014 must submit an
application, pay the required fees and follow
the new procedures in order to become
traded on OTCQB. Securities will no longer
be automatically put on OTCQB when a new
Form 211 is cleared by FINRA or an OTC Pink
company becomes current in its reporting.
• International Reporting: International
Reporting companies on a Qualified Foreign
Stock Exchange may now apply to trade
on OTCQB.
OTC Markets Group is making changes to OTCQB® to make it a better venture stage marketplace. Companies
will be required to meet eligibility standards aimed at improving the information available to investors. OTCQB
will include Real-Time Level 2 quotes and the OTC Disclosure & News Service to help companies improve the
information experience for their investors. This Fact Sheet provides details on the new requirements and
rollout schedule.
SEC Reporting Companies
Initial Requirements
• Meet an initial bid price test of $0.01 as of the close of business for each of the previous 30 calendar days
• Complete and submit OTCQB Application and applicable fees
• Be current in all periodic reporting requirements on EDGAR (or for companies not required to file on EDGAR, post
SEC disclosure on the OTC Markets website)
• Post on the OTC Markets website:
4OTCQB Initial Certification (see below for details on Certification requirements)
Ongoing Requirements
• Meet an ongoing minimum bid price test of $0.01 as of the close of business for at least one of every 30 calendar days
• Post current SEC disclosure on EDGAR, or for companies that do not file on EDGAR, post current SEC disclosure on
the OTC Markets website
• Post on the OTC Markets website:
4OTCQB Annual Certification
Bank Reporting Companies
Initial Requirements
• Meet an initial bid price test of $0.01 as of the close of business for each of the previous 30 calendar days
• Complete and submit OTCQB Application and applicable fees
• Post on the OTC Markets website:
4 Previous two years’ disclosure that was filed with the company’s bank regulator (except that information
deemed non-public does not need to be posted)
4 OTCQB Initial Certification (see below for details on Certification requirements)
Ongoing Requirements
• Meet an ongoing minimum bid price test of $0.01 as of the close of business for at least one of every 30 calendar days
• Post on the OTC Markets website:
4 Disclosure that is filed with the company’s bank regulator (except that information deemed non-public does not
need to be posted)
4 OTCQB Annual Certification
International Reporting Companies
Initial Requirements
• Meet an initial bid price test of $0.01 as of the close of business for each of the previous 30 calendar days
• Complete and submit OTCQB Application and applicable fees
• Be compliant with SEC Rule 12g3-2(b) and be listed on a Qualified Foreign Exchange
• Submit a “Letter of Introduction” from a qualified PAL which states the PAL has a reasonable belief that the Company
is in compliance with 12g3-2(b), is listed on a Qualified Foreign Exchange, and has posted required disclosure on
OTC Markets website
• Post on the OTC Markets website:
4 Previous two years’ of disclosure required under 12g3-2(b) in English (except press releases)
4 OTCQB Initial Certification (see below details on Certification requirements)
Ongoing Requirements
• Meet an ongoing minimum bid price test of $0.01 as of the close of business for at least one of every 30 calendar days
• Post on the OTC Markets website:
4 Disclosure required under 12g3-2(b) in English, including Quarterly Reports and audited Annual Reports (except
press releases)
4 OTCQB Annual Certification
Requirements :OTCQB
Annual Certification
Each OTCQB company must post initial and annual certification on the OTC Markets website, signed by the CEO
and/or the CFO which states the following:
• The company’s reporting standard (e.g. SEC Reporting, Bank Reporting, or International Reporting) and briefly
describe the registration status of the company
• That the company is current in its reporting obligations to its regulator and such information has been posted
either on EDGAR or the OTC Markets website
• Indicates the Law Firm and/or Attorneys involved in helping the company prepare its Annual Report or 10-K
• Confirms that the company profile on the OTC Markets website is current and complete
• Confirms the total shares outstanding and in the public float as of the most recent fiscal year end
• Names and shareholdings of all officers and directors, as well as beneficial shareholders who hold more than 5%
of outstanding shares
Fees
• Application Fee. There is a one-time application fee of $2,500 for new companies upgrading to OTCQB.
Application Fee is waived for current OTCQB companies
• Annual Fee. $10,000 per year
• Introductory Annual Fee. For current OTCQB companies that apply for OTCQB in 2014, the Annual Fee shall be
discounted to $7,500 for each of the first two years (a total discount of $5,000 or 25%)
ABOUT OT C MARKETS GROUP: OTC Markets Group Inc. operates Open, Transparent and Connected financial
marketplaces for 10,000 U.S. and global securities. To learn how OTC Markets Group creates better informed and
more efficient financial marketplaces, visit www.otcmarkets.com. OTC Link® ATS is operated by OTC Link LLC,
member FINRA/SIPC and SEC registered Alternative Trading System.
Follow us:
OTCQB Premium Services
OTCQB includes the following premium marketplace services:
OT C Disclosure & News Service enables companies to share reports, news, videos, investor presentations
and more
Real-Time Level 2 Quotes available for free to all investors on www.otcmarkets.com and on your company IR
website (via API link, as requested)
OT CIQ Quote & Trade History Dashboard
Dedicated Support Line
CONTACT US
[e-mail] // +1.212.896.4420 // www.otcmarkets.com

[knight247]

Does Tesla Really Need a $5 Billion Battery?

http://finance.yahoo.com/news/does-tesla-really-5-billion-232300968.html

The Wall Street Journal
By Mike Ramsey
14 hours ago















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In a project that is befuddling industry experts and competitors, Tesla Motors Inc. is looking for possible sites for a giant electric-car battery factory in four Southwestern states.







Related Stories


Panasonic hesitant to commit to Musk's Tesla battery factory San Jose Mercury News
Panasonic Hesitant to Commit to Musk’s Tesla Battery Gigafactory Bloomberg
Is Tesla’s Gigafactory Really Just Too Ambitious? 24/7 Wall St.
Tesla: Yes To GigaFactory Seeking Alpha
Why Elon Musk Thought Tesla Would Fail TheStreet.com

The plant, dubbed a "gigafactory" by Tesla Chief Executive Elon Musk, would be the world's largest factory by a long shot. Mr. Musk has outlined a proposal to spend $5 billion on it, hiring up to 6,500 workers and creating thousands of ancillary jobs. He compares the undertaking to auto-industry pioneer Henry Ford's early 20th century Rouge complex. It took in iron ore and other raw materials at one end and rolled out completed Model Ts at the other, aiming to control and cut costs at every stage of production.

Mr. Musk wants to begin making batteries at the plant in 2017, a timeline that puts pressure on the company to break ground this year. Tesla executives say they need the Gigafactory to guarantee the supply of millions of battery cells and to cut costs through scale and logistics savings.

"We need to move rapidly," adds Diarmuid O'Connell, vice president of business development for Tesla.

Mr. Musk's plan has generated excitement among officials in states eager to land the project but skepticism among battery-industry executives and rival auto executives.

"I don't quite get it," Volkswagen AG Chief Executive Martin Winterkorn said last month. "We have enough suppliers and wouldn't get the notion to build a battery factory."

Sales of electric vehicles remain small—less than 1% of the total U.S. market. The U.S. government spent more than $1 billion on new electric-vehicle battery plants as part of the Obama administration's economic stimulus, but many of those plants now run at just 15% to 20% of capacity.

"My first reaction was that Elon Musk is Superman—he can do anything," said Henry Sun, chief financial officer of the Chinese battery maker Highpower International Inc. "But my second reaction was, I'm kind of worried about it."
Jason Henry for The Wall Street Journal Tesla's factory could make more cars if it had access to more batteries.
Meanwhile, officials in Arizona, Nevada, New Mexico and Texas are trying to lure the Silicon Valley-based maker of electric cars to their state. Mr. O'Connell and other Tesla officials are in the final stages of vetting sites in those states.

In Texas, Gov. Rick Perry is said to be leading negotiations directly. He told Fox Business last week that he could support overhauling state laws that block Tesla from operating company-owned retail car stores so the Gigafactory and its jobs don't go elsewhere. "The cachet of being able to say we put that manufacturing facility in [our] state is hard to pass up," he said.

In Arizona, legislators are pushing through bills to allow Tesla to sell cars without franchised dealerships. New Mexico may call a special legislative session to create incentives for the factory. And Nevada, which is rich in natural resources like lithium and the closest to Tesla's car factory in the Oakland suburb of Fremont, Calif., has already had Tesla officials visit Reno to look at sites.

Tesla aims to reduce the cost of its battery pack by 30% when the battery plant opens in 2017. It won't disclose the current cost, but analysts say the 85 kilowatt-hour pack on the Tesla Model S, a car whose price starts at $80,000, probably costs between $21,250 and $25,500.

Reducing battery costs is critical for Tesla's forthcoming mass-market car, which is referred to as the Gen III and is expected to have a starting price of around $35,000.

Tesla's growth in 2013 was held back by a lack of batteries. Supplier Panasonic Corp. is hoping to remedy that with a supply of two billion cells. But those may not be enough once Tesla introduces its higher-volume Gen III vehicle.

Tesla, with sales of just over 22,400 cars last year, is already the largest buyer of lithium-ion battery cells in the world. With plans to sell 500,000 vehicles, its own demand would be greater than the demand for every laptop, mobile phone and tablet sold in the world.

Mr. Musk is leading direct negotiations with Yoshihiko Yamada, who heads Panasonic's automotive and industrial systems subsidiary, to invest in the new Gigafactory and run battery-cell production.

Panasonic CEO Kazuhiro Tsuga sounded a cautious note late last month.

"There's no doubt that [the new plant] will entail a far bigger risk than the current investment we're making. I cannot disclose our investment stance at this point," Mr. Tsuga said.

Harald Kroeger, who runs Daimler AG's electric-vehicle programs and sits on Tesla's board, said the factory "has some advantages of course, but it has some huge disadvantages as well."

Sam Jaffe, a battery consultant with Navigant Research, says the companies he consults for don't understand why Tesla would build such a large factory. Tesla may want to make 35 gigawatt hours of cells a year, they say, but battery makers maintain the benefits of scale disappear at about one gigawatt hour of capacity.

Wall Street is betting on Tesla. The Palo Alto, Calif., company raised a formidable $2 billion through a convertible-bond offering last month. Not long ago, getting the capital to pull off a project like this would have been the biggest challenge, but Tesla's market capitalization of nearly $31 billion has given it considerable leverage to raise more money.

The risks of going ahead with the Gigafactory project start with the tight construction timetable. "There are very few factories of 10 million square feet built all at once," says Randy Abdallah, executive vice president of Walbridge Aldinger, one the world's leading factory-construction firms. But he believes Mr. Musk's plan is doable. "There are solutions if you are willing to pay the cost," he says.

Mr. Musk's vision for lowering costs at the plant includes tying up sources for the primary metals and materials that go into batteries, such as cobalt.

Erin Chutters, the chief executive of Global Cobalt Corp., a mining company with plans to open a mine in Russia, says the "Gigafactory" demand, even if it reaches only a third of the anticipated size, would either lead to a sharp rise in cobalt prices or force several new mines to be opened.

"The only question I have is whether they will actually be able to sell that many cars," she says. "Are there really enough people out there that will switch over?"

[knight247]

Energy Department revives auto loan program despite Fisker flop!
Advanced Technology Vehicles Manufacturing Loan Program and is reaching out to manufacturers of auto parts and components to apply for more than $16 billion in available funding !!!!!!!!



http://www.foxnews.com/politics/2014/04/04/energy-department-revives-auto-loan-program-despite-fisker-flop/?intcmp=trending#

The Obama administration announced this week it is reopening a loan program for advanced fuel-efficient vehicles that was derided by Republican lawmakers last year after two of the first five loan beneficiaries halted operations.

The Department of Energy said Wednesday it is reviving the Advanced Technology Vehicles Manufacturing Loan Program and is reaching out to manufacturers of auto parts and components to apply for more than $16 billion in available funding, The Wall Street Journal reported.










Energy Secretary Ernest Moniz said the program, which has has provided $8.4 billion in funding since 2009, will have a revised application process to speed up reviews and address concerns from auto makers about the process being too complex.

"Today we are presented with an opportunity to hit the accelerator on U.S. auto manufacturing growth," Moniz said at a conference in Washington. "Motor vehicle parts manufacturers play a significant role in the development and deployment of new technologies to meet the demand for fuel-efficient vehicles."

The program came under scrutiny after the department lost $139 million on a loan to electric car maker Fisker Automotive Inc., which filed for bankruptcy in 2013. Fisker received $192 million from the program before funding was pulled.

In September 2013, the Energy Department lost about $42 million on a loan to a shuttered Michigan company that made vans for the disabled. Vehicle Production Group, or VPG, suspended operations the same year after receiving $50 million in financing.

The loan program did have success with electric car maker Tesla Motors Inc., which repaid its $452 million loan in 2013, according to the report.

House Oversight and Government Reform Chairman Darrell Issa, R-Calif., who said at hearing last year that the program never should have considered Fisker, told the Wall Street Journal he questioned administration's plan to revamp the program.

"Despite the Energy Department's appalling track record of loan programs, which put taxpayer money on the line to fund junk-bond-rated companies, this administration will do anything to shove their ideology-driven policy forward.," Issa said in a statement.

The Reublican-led House is expected to vote on a budget proposal from House Budget Committee Chairman Paul Ryan, R-Wis., that would essentially dissolve the auto loan program, the Washington Examiner reported.

At a Thursday hearing on the Energy Department's 2015 budget, Energy and Commerce Committee Chairman Fred Upton, R-Mich., and Rep. Ed Whitfield, R-Ky., voiced concerns about the reopening the program.

"I remain highly skeptical of the federal government playing venture capitalist," Upton was quoted as saying. "The revival of the loan guarantee program that backed Solyndra ... is of serious concern."