I was at today's RTK Annual Meeting and saw and learned a few things of interest:
A) The coffee and cakes were good.
B) 1/5 of the room was RTK employees or directors.
C) All three items passed.
D) Still on track for both CA and LA plants.
E) 13 companies had tried for DOE loans and RTK is 1 of 2 that are still in the running.
F) People can't always hide their joy and I saw enough slight winks (yes, this is judgemental) between direcotrs to feel very good about the DOE process.
G) Gulf of Mexico problems should only help RTK.
H) China is not a place RTK will be trying to sell technology.
I) Plan is to concentrate on green wastes for now, get good at that, and then work on harder muncipal wastes.
J) United and others are excited about RTK's ability to deliver clean and price stable fuels.
K) International airlines are also now looking to get on board and sign up with RTK technology.
L) The military is also still in the picture and very interested.
M) I feel very good about RTK's near and long term future.
So I guess I need to label everything not related to rtk OT????
this has alot more to do with rtk than most here are willing to admit.
If there are unbiased longs here (perhaps some left) it should give one pause to see how the drink the koolaid longs treat someone who probably own 10x the shares the delusionals own.
makes very little sense.
Here is the untold story....
The reason for the DOE delay is the DOE is more interested in MS then CA thus the need to push through the 100m share "dilution". The funding will come as a result of an equity position by the Gov't. The Fed's will receive 100m shares for their 800m cash contribution to get both projects rolling fast and I mean fast. Expect a Presdential Executive Order to bypass the environmental and administrative redtape in the name of National Security. If the U.S. doesn't act/react fast to the energy crisis upon us then our sovereignty is doomed.
My prediction. Rialto will be up an running in 2012 (the work will be 24/7) and Natchez will also commence within 6 months of Rialto.
>> The Fed's will receive 100m shares for their 800m cash contribution to get both projects rolling fast <<
Better late than never! LOL!
>> Did you see the interview with XOM CEO yesterday on CNBC?
that guy really knows his shiet. <<
No....but I know that XOM has done very well in the past.
"...People can't always hide their joy and I saw enough slight winks (yes, this is judgemental) between direcotrs to feel very good about the DOE process..."
was it really correlated with the DOE discussion, or was it coincident with the announcement that 100M more shares had been authorized, a la P.T Barnum? Remember, not a single officer/insider has put their hard earned money in rtk stock from open market purchases.
If I was sitting there with 100-200K of free stocks and had just heard that RTK couldn't talk about it, but we all did at dinner the night b4 I'd look around and smile at my dinner mates.
I don't want to get into a war about the 100M shares, but those guys seemed to knew something you and I don't. The cool thing is they'll probably all look straight ahead next year. The most likely reason the announcement hasn't been made is that the compensation committee can now hand out more free shares to dinner mates and everyone who answered questions today.
Bob, I don't care about the free shares and I've told my flush friends to buy as much RTK as they can (I bought more today) and then sell half (I'll sell half of what I bought today) at the DOE announcement.
It does hurt that Ramsbottom has averaged 614K shares a year since his hire, but I'm in this game to make money and I like right where I sit.
If the shares outstanding are 213,366,149 and the dilution was passed for 100,000,000 more shares then that means that we (stock holders) should expect approximately 46.95 % of our money to be taken right?
100,000,000/213,366,149 * 100 = 46.95 %
Correct me if i'm wrong but I believe that this is how you calculate the percent loss for shareholders in creating the new shares right?
>> If the shares outstanding are 213,366,149 and the dilution was passed for 100,000,000 more shares then that means that we (stock holders) should expect approximately 46.95 % of our money to be taken right? <<
No....the 213 million shares are outstanding shares. The 100 million is for more authorized shares. I am not sure where we stand with authorized shares but it is now at least 350 million....hard to keep up.
The shares will bring in money...this is the nature of the stock market...to raise more capital. How much money per share is for the future to determine.
You should be in mutual funds....not buying equity in companies you know nothing about or in a stock market you know nothing about. IMHO.
Only if they sell at current prices. I believe that two criteria will be used in determining the sale of shares first the time frame of capital requirement for Rialto which includes ponying up 20% or more of the cost of the project, secondly opportunity based on SP.
I think it likely that the two events will coincide with each other as announcement of acceptance drives SP. Announcements of a partner for either or both projects presents opportunity for a spike also as does mention of RTK by Solena. Lots and lots of stuff not even mentioning Australia where RTK is also active.
The other side of the coin is rejection at which time I would expect to see sales solely based on needs for cash at Rialto and Natchez. As Airline industry interest in RTK gains attention both projects prospects of partners increases, IMO
It depends on what RTK gets for the shares. If they sold them for $5 each (lol!) they'd help. If they're sold at 75¢, it doesn't help us. If they get a terrific partner on board, that can be good. (understatement)
Thank you, wellptboy! Good notes!
I heard via the grapevine that a United Airlines guy was there and that he said a few favorable words. Can you elaborate?
Also, did they show any pictures or videos taken on the UAL flight day?
I didn't meet the United guy, but I found it interesting that the hotel was directly across the street from their main LAX facility.
RTK did show a few pre-flight pictures:
1) Captain watching plane get filled.
2) Land crew moving fuel into tanks and reported saying, "The RTK fuel smelled better than regular diesel."
3) Hunt, another RTK guy, and the President of United in the plane. All looked VERY happy as they held a RTK board that had been signed by lots of people.
To answer another query, the cakes were to many to describe. There was mention that not enough bagel add-ons were available, but what are you going to do?