Agreed. The problem is two-faced dweebs from California pretending they are behind recycling, and a tax question they raised that might knock fifty cent off the balance sheet. Maybe they should just settle for $2M and get it behind them.
Sure shorty, and WTFYW, it's sub penny. I hope to see it go a buck or two and wipe you out on the long shot. It's manipulated, perhaps by GE who wants to buy the asset stupid. That way they have a few more licenses in their repertoire they might use in a few decades as we all suffer climate change and pollution.
Anyone out there? I'm long out on this thing but if it strikes a DB and I have the funds I will jump back in.
They haven't been managing this thing so well. They were half brilliant in refinancing their way out of the pit during the 2008 financial debacle, but they weren't smart letting it get down to $1 in the first place. That one went one reporter saying the company was going under when they had refinancing all lined up already, yet they didn't deal with PR right, what an easy pick that was. Then bingo $16 a share for a bounce.
Anyone out there think that the Federal budget deficit will be the next issue to tank the financial stocks? I myself wonder if it will be a double bottom with easy pickings across the financial front. Then again, if interest rates spike then US treasuries at 12%+ may be the ticket. I may just straddle those with financial stocks if it gets there, but who knows.
It doesn't matter, nuclear power sucks. Word was years ago I think that Trump made a deal with Mass Megawatts or at least was going to with their micro-turbines, an asset I bought into at 40 cent a share. It went to two or three dollah, then tanked.
It is still an asset they should still hold though. If half of what MMMW said in their press releases was true, that could have been real #$%$. The stuff you put on rooftops or farms to supplement or backup energy needs.
It could have been huge, but these guys didn't leverage it right. They had no corporate connections or moves that could have made it big. As far as I know (I haven't bothered to update it with research) they do have a Colorado facility with room for expansion. Their wind turbines were "Rad" or "Awesome" in modern speak, pretty cool in my day's speak, but they just don't know how to leverage things.
Hence .05 a share. How many shares they got out now? When I first bought in it was 8M share they had outstanding at $.40, last I read a few years back was 44M at .01. This one is a penny stock now, literally, and they totally #$%$ up on the corporate side. Not the development side, and maybe not the operations side as far as startup clean energy stocks go, but definitely on the corporate side. I'm holding to 0 on this one, but hey, they got no corporate side. Last I read no debt, they say, which is good. .04 it went to recently. What are they going to do, issue shares to pay their salaries on that? Freaking geniuses in terms of developing technology, morons when it comes to returning shareholder value.