What does it mean when MNGA files 8-K for such an inconsequential event? Company continues to play minor league ball.
Imagine how silly those IGCC and sequestration projects will appear when all they had to do was burn mangegas in the flue stack to make CO2 disappear. The solution was so simple (just reburn the exhaust)-- how did everyone miss it? Of course, it's because MNGA never took a dime of Government Money -- so engineers and scientists ignore MNGA's solution.
"On October 2, the Boundary Dam power plant in Saskatchewan became the first full-sized coal-fired boiler to capture the copious carbon dioxide that had previously billowed from its smokestack, preventing the greenhouse gas from entering the atmosphere."
Anyone wanting a great golf GPS app for smartphone should try Swing by Swing. Its free or very low cost. Provides CADY type info overlaid on Google map of course for 1000s of courses. Hole info, lay-up positioning, distance to pin, etc. Can track scoring but this is not required. Does chew up the battery life, but nothing is perfect. I cross checked with Garmin GPS watch and Nikon range-finder. Identical distance to Garmin. Range finder is more accurate since it goes to actual pin rather than middle of tee.
I believe all they have accomplished is to add low-CO2 exhaust to the coal exhaust gas, which of course dilutes the Percentage of CO2 without making any CO2 disappear. The same would happen burning any other low-carbon fuel. This is of course a sleight of hand, not break-through science, IMO. Keep MNGA needs to stay focused on the cutting gas business -- that's a winner.
Looks like a good addition to the team. His Linkedin says he joined Magnegas in July. Wonder what gas sales were in Q3?
Principle Consultant, President at RC Engineering and Consulting Services
Tampa/St. Petersburg, Florida Area
Renewables & Environment Vice President of Engineering
Public Company; 11-50 employees; MNGA; Renewables & Environment industry
July 2014 – Present (4 months) Tarpon Springs, FL
I would be happier if MNGA spent more money on product marketing and R&D rather than IR. R&D spend was $181k in first half of 2014, while IR was $481k. That is a huge IR spend for a company having just $370k of revenue in the first half. I know it takes money to prime the pump -- but MNGA has been priming the pump for several years -- when will the revenue pick up?
Company announced with fanfare another unpaid demonstration that might lead to potential sales. Not knocking the company because demos are a necessary step for systems like MNGAs, but just pointing out that unbridled enthusiasm is premature until systems actually perform for customers and company completes sales. How many systems have they sold in 2014 so far -- I believe the answer is zero.
The news isn't important. As you pointed out, it's rehash of previously announced stuff. The 1 mm share opening trade is very important -- this company works with secretive Luxembourg penny stock p/d firm -- who can summons huge volume on a moments notice. Big volume and big leap in shares are not hard to manufacturer for thinly traded shares. The goal is to pop the shares enough to get mentioned in penny stock alerts as %change, %volume etc., which draws in day traders. Use the excitement as cover to build a short position. Then buy shares to cover short from the company well below the market and get warrants to boot. Nice business model. Has happened in the past -- and will happen again. This is needed because company still burning a lot of cash, and can't afford to run low.
Glad to have this sort of discussion with you -- which is what these chat boards are for. Thanks.
Ermanno is doing better than his predecessor. The increased frequency of PRs is welcome. The only thing missing is results. What are you expecting for Q3 gas sales? Operating margin? Cash burn?
Come on - you can be a lot more creative than banal blaming short sellers. How many refineries has the company sold in the last 12 months? None unless you count the "may be a sale" unit for the farm demo - not actually a sale until they prove it performs. No refinery sales -- barely offering MG2 in limited supplies-- what is the company actually doing? I think an investor realized the road is a lot longer, and management hypes small accomplishments in the absence of big ones.
For people who wonder why MNGA is stuck in micro-cap land -- I offer this -- Apple announces a new product and in two weeks it delivers 10 million units world wide to eager customers. MNGA announces a new product last June and three months later the new product is available "in limited quantities" - endorsed by someone from a generic "major utility". Ermanno is playing in the minor leagues. One gets the feeling management simple does not measure up to the task of maximizing the gas opportunity for shareholders. Too bad being a Santilli is prerequisite for a top job.
I laugh because you wind yourself up with these conspiracy theories and fantasies of how business and regulators actually operate, which get more bizarre as time goes on. Some times I think you drunk post - the comments make no real sense.
You are certainly a manure expert. You state with certainty so many aspects of Mangegas' business -- despite the company not having a single system operating on a farm. Everything is so simple and a sure thing to you. Nice try - finding a link to cannibis biz. I prefer to deal in reality.
Did you actually read all these old books or does Santilli just feed this stuff to you? You keep referencing stuff from decades ago. If you aren't Santilli, then you're his mouthpiece. I don't care which it is. It's amusing.
Which part of quantum theory predicts absolute flame temperatures of gases? My conclusion - something is flaming here, it's a person not a gas.
Today is slow - happy to converse with you.
1. Based on the logic you present, electric cars with no emissions are even harder to use for suicide.
2. Converting oil waste to fuel is already possible (processing yellow grease) but only a fringe group of greenies does that themselves -- it's messy and time consuming compared with a short trip to service station and affordable price of gas (compared with what gas costs in Europe/Japan and what people willingly pay for coffee at Starbucks).
3. Since when did muscle car owners care about cost of fuel? Conversion process sounds awfully complex. CNG would cut fuel cost in half -- how much more would MG2 save them?
4. Which paper from Santilli did you read -- I looked at one and found it way too hard to understand.
Are you losing your mind? I don't think muscle car owners care two shakes about super-green cars or peak oil. If magnegas gets them to 60 faster -- they'll find away to use it. Not many motor heads are ripping apart their cars for CNG even though they can cut fuel costs in half (assuming CNG stations nearby). Can somebody explain why such a fixation with 02 in the exhaust -- this is repeated endlessly here like its really important measure of something. Are we running short of 02?
If one takes as a benchmark the horrible results from early 2013 when sales dipped to a low-point and ignore the earlier years, I guess one can say -- "sales are growing". You'll really be ecstatic once the company buys that $2 mm revenue gas distributor - since you'll be claiming sales grows 3x. An honest assessment shows the company has not done well in growing the gas business organically, much sales gains came from filling the distribution channels, and there isn't enough visibility on end-customer consumption or the real economics of the business. With that said, I am rooting for the company because I believe it has found a better mouse trap, so to speak. You fantasy delusions on the value of MNGA's IP show a poor grasp of business and inexperience.
Company's quarterly results since March 2010 show a company that is stumbling along -- the potential always being there, but the actual results failing to materialize. Believers can talk all they want about the great potential now, but that potential existed two and four years ago, since then believers have been rewarded with dilution but not growth. 2014 is suppose to be the year of transformation, given a war chest raised successfully by junior Santilli -- and he's made several good moves, but the actual results have yet to appear in the financial statements. I keep wondering why customers aren't re-ordering making the quarterly sales grow strongly? Why hasn't the company sold more refineries? Since the Kazakhstan sale, the only news on new refinery sales is one demo unit of undisclosed size to a pork farm that may turn into a sale next year. Meanwhile, company expenses running $6+ mm a year, so company very likely to return to capital markets in early 2015. Based on last two placements -- I expect a strong pump leading into a below-market Units placement -- followed by a long downward slide as shares move from people who bought the pump to the great unwashed. Seen this movie twice before -- and company has experience with known P/D artist firm in Luxembourg that knows how to foster the pump. Buy your shares in Q4 and sell upon first big volume pump day - JMO.
Qtr Ended Revenue