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Magnegas Corporation Message Board

greeninvestor42 12 posts  |  Last Activity: Sep 29, 2014 11:20 AM Member since: Jul 14, 2008
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  • Reply to

    Slow transition

    by mountaineercross Sep 25, 2014 12:34 PM
    greeninvestor42 greeninvestor42 Sep 29, 2014 11:20 AM Flag

    Talking to Jeff is an opportunity to get misled. Has Jeff been right about anything yet? He squandered so much money trying to serve Walmart and others with ill-conceived product strategy, rather than building a loyal base of customers willing to pay a premium for a superior product. Now that company has switched to oil field service products, why is he still needed. The arrangement with his wife's marketing company stinks to high heaven.

  • Reply to

    Slow transition

    by mountaineercross Sep 25, 2014 12:34 PM
    greeninvestor42 greeninvestor42 Sep 25, 2014 1:59 PM Flag

    I see it differently. I see Galesi and Paul A. propping up a failed company that burned up millions trying to market G-Oil and Appearance products with a misguided strategy. Now that those products have essentially imploded, Paul is channeling his existing oil related products business through GETG to give appearance GETG is doing something (other than burning cash). Galesi participates through his oil services company, E&N Resources which tried to sell the Well Wakeup to Venezuela of all places. Nothing is happening at GETG -- it's a Potemkin company. Those who warned about this company were right. Bad management trumps a good product. This one started from awful (Zuckerman and Marshall) and couldn't overcome the stench despite noble efforts.

  • greeninvestor42 by greeninvestor42 Sep 22, 2014 10:11 AM Flag

    I am appalled that this company wants to squander expensive capital to repurchase shares. Based on any analysis, this stock is profoundly over valued. Rarely has a company maintained a high valuation despite long term under achievement.

  • Reply to

    ADGE Down

    by s_saunders1 Sep 18, 2014 3:45 PM
    greeninvestor42 greeninvestor42 Sep 18, 2014 4:51 PM Flag

    Have you looked at the financials -- this company is profoundly over valued and has been for years. Once something happens to the 80-something year old chairman - abandon ship.

  • greeninvestor42 by greeninvestor42 Sep 2, 2014 11:42 AM Flag

    Can anyone explain the relationship between Inventek and GETG? Seems GETG is being used to round-trip existing sales to create an appearance that business is happening at GETG -- but it's a Potemkin charade. Inventek created the business and supplies the ingredients, and they are the "master distributor". #$%$. Two directors suddenly departing a small company -- bad sign. Company not providing material information to its shareholders on the volume of business and margins.

    I might buy a few shares on the chance these guys might launch a P/D, but I am wary and weary of a company that has destroyed lots of capital while failing to build anything resembling a sustainable business. Greening up the oil patch is just the latest feint.

  • Reply to

    News

    by tbone2287 Aug 22, 2014 11:36 AM
    greeninvestor42 greeninvestor42 Aug 26, 2014 1:07 PM Flag

    The major shareholders are at present not interested in the company sharing information with minority stuckholders. Massive share issuance to Paul - well over 100 mm shares coincided with cone of silence. It seems the wheels fell off the cart last year regarding G-Oil and even worse for the Appearance products. The assumption of Well Wake Up products was either a last ditch move or a "pivot" to a new more exciting product line. If only the company disclosed what the historical sales of these products were, shareholders might have a clue. Galesi (which was teeing up the Venezuelan oil customer) and Inventek are in complete control, and time will tell if they give two#$%$ about us. For the time being, it appears they don't.

  • Reply to

    Paul Andrecola

    by mountaineercross Jul 21, 2014 6:02 PM
    greeninvestor42 greeninvestor42 Jul 23, 2014 5:35 PM Flag

    Zuckerman was a slimy penny stock pump and dump artist behind several renewable penny stock scams, who got Jeff Marshall interested in the bio-oil idea despite the fact the Zuckerman's patents were worthless patents and the production process not fully baked. Marshall launched the company with a RM. I'm not sure how Paul got involved. GETG is one of the few RM P&Ds that actually reformed itself to become a real company, mainly because of Paul, TTI and later-on, Galesi. Too bad, they've blundered and stumbled actually trying to sell the Oil and Appearance Products and destroyed a lot of capital in the process.

    I am still amazed how badly this company treats public shareholders. No information on the historic sales of products licensed into the company for 100 million shares.

  • greeninvestor42 by greeninvestor42 Jul 22, 2014 10:29 AM Flag

    To benefit from MLP, a company normally needs to have profitable operations -- something GRH has avoided for many years.

  • Reply to

    MNGA makes money on Hog sheet and "Shinola".

    by lylearonson Jul 22, 2014 7:48 AM
    greeninvestor42 greeninvestor42 Jul 22, 2014 9:52 AM Flag

    WHAT!!! - sales of the cutting went down 25% in 2013! Can this be true? MNGA is suppose to have a disruptive cutting gas product that blows the doors off acetylene. There is a disconnect between the hype and the actual sales. Company is stumbling on execution and shareholders are paying the price.

    "We generated revenues of $435,996 and $584,197 from our metal cutting fuel sales operations for the years ended December 31, 2013 and 2012, respectively."

  • greeninvestor42 by greeninvestor42 Jul 17, 2014 5:39 PM Flag

    I suspect company will not survive for long. How much is the D&O coverage?

  • greeninvestor42 greeninvestor42 Jul 17, 2014 5:37 PM Flag

    1. Patents are good -- but my understanding is that most of the customer interest is overseas where a U.S. patent would not apply.

    2. Stock is dead because company will not discuss historic sales of the well wake up and other oil products that company got in exchange for 100 million shares issued to a related party. Pretty awful way to treat shareholders.

  • greeninvestor42 by greeninvestor42 Jul 2, 2014 4:33 PM Flag

    Looks naked to me. The financial statements tell story of company stuck in rut, losing money and not growing. Funny, their CHP systems are selling better given low NG price and hype over distributed gen.

MNGA
1.15-0.01(-0.86%)Sep 30 4:00 PMEDT

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