Although it doesn't appear as much, the beginning of a solid foundation has been laid. The Nassau deal has been slow to get rolling since the July announcement, but I believe the experience will better help them to template and expedite the process with similar contracts in the future. The Diesel Pure collaboration has great potential, and there seems to be some movement on the oil and gas front, however I really don't know what to think of the UK market. I would have thought to have heard something on this front by now, but I won't become worried until January passes with no news.
I'm now thinking that the recent private placement was strictly to pay down short term debt and get them through the winter before the real work begins on Nassau. I don't think that the shovels will be getting into the ground until late Feb. or March when the better weather comes. If anyone knows differently please share your thoughts.
In closing, I'm optimistic of the year end insider trades, the appointment of Mr. McCarthy to the BOD, and the recent uptick in volume the past week. Most notably last Wednesday's volume which was 2 1/2 times the daily average. Perhaps a signal or precursor to some positive development.
Best Holiday wishes folks!! Enjoy and be safe!!
Mako creates his own false conclusions. These are typically based on pieces of truth that he cobbles together to form a Mr. Potato Head truth, or plain misrepresentation. Don't ask him to verify or hold himself accountable for his own fabrications. You see, Mako used to be a little boy who would say anything to get the attention he felt he deserved, whether negative or positive, and I guess "the instincts are still there" to do so.
You ask him to verify, and he remains silent…He who is silent is said to agree. When he is called out, he will not show up…
Money is to be used for all those things you stated, plus this from the PR…"and to pursue targeted, active business development initiatives."
Your words have mimicked my thoughts on all counts. I can not see why Acxiom would continue to loan money unless they are confident Abtech has something ready to go. Acxiom would have much more information regarding the timing of an award and would most likely make an arrangement when it was immediately needed, and not for something 2 months out that may not pan out.
Rink was talking with Banks about a 3-6mil loan as he mentioned on the last CC. Perhaps he tried that route first to avoid dilution, and was not able to secure a deal that made sense for the company. Enter Acxiom…
I think we hear something shortly regarding some type of award.
Abtech announced their Equity agreement with Dutchess on June 30th and announced the Nassau award 3 days later. I can't help but wonder that part of these latest funds may be going to fund either a soon to be announced oil & gas contract, or the UK landfill project. They currently have but one mobile trailer, and will need to construct more if they hope to secure more than one contract in the near future.
Other things that happened in 2006 that are irrelevant to Abtech…
Jan. - Western Union discontinues its use of the telegram service
Feb. -Tarja Halonen is inaugurated as President of Finland for the second and last time.
Mar. -Liquid water is discovered on Enceladus, the sixth largest moon of Saturn.(possible market opp.)
Apr. -Powerful tornadoes rip through Iowa City, Iowa.
May-The aircraft carrier USS Oriskany is sunk in the Gulf of Mexico to become an artificial reef
June-The first Kazakh space satellite, KazSat is launched.
July-Hezbollah initiates Operation True Promise.
Aug.-Fidel Castro hands over power temporarily to brother Raúl Castro.
Sept.-The F-14 Tomcat retires from the United States Navy.
Oct.-North Korea allegedly tests its first nuclear device.
Nov.-Saddam Hussein, former president of Iraq, is sentenced to death.
Dec.-Commodore Frank Bainimarama overthrows the government in Fiji.
Going to be used to eliminate the 2.3mil short term debt and fund further cap ex. Funds coming from Axiom which has loaned Abtech on three previous occasions.
Does anyone know of any new information regarding the status of this? Last I had heard the County had a lot of backlash from the citizens regarding a storm water fee, and put it on hold to implement some changes to the fee structure. Then nothing….I have tried to find any updates but have not been successful.
Since we most likely will not get any update on the Nassau project and Diesel Pure deals until the next conference call (end of March 2014) here is my understanding of what we might hear about between now and then.
UK Landfill- Management has verbalized that we MAY hear something by year end with complete installation and validation of the first unit by May 2014.
Oil & Gas Award- Possibility of one of these deals coming through between now and then. Management stated the first unit should have been deployed by now for validation at two different sites. There was no specifics however about the duration of the testing, but when stated on the CC that a unit was being deployed in Nov. it simply meant that it was being shipped to the site and validation would begin by year end. (according to the LD Micro presentation)
Smart Gulley installs- not holding my breath on this one, but I am willing to be pleasantly surprised should something happen.
Another Municipal signing- (see above note)
Unless I'm missing something else, there is a distinct possibility of hearing nothing until next Spring. The insider purchases were a nice gesture of confidence, and any future purchases would further solidify that, but I suggest we set our expectations appropriately and hope for the best while we wait out what could be a long Winter.
and the playful banter between his alter ego is sickening( ha ha LMAO)….but what more would/could you expect from a sick individual.
Its funny how new, like-minded friends keep popping up for him from time to time. Those "two" guys really hit it off today!!
It really is just pathetic….to have to bolster his own self esteem by making other people believe that a new someone believes in his nonsense...
I'm thinking they purchased additives that would remove metals, radionuclides, etc, that would work in conjunction with the smart sponge. Abtech must feel that their Arctect's claims about Arctech's product were not truthful. You can check out Arctech's website and get a feel for what they claim their products can do.
Is this what you're referring to? Abtech vs. Arctech Inc. of Chantilly VA.
On February 28, 2013, the Company filed a complaint (the “Complaint”) with the Superior Court of the State of Arizona against Arctech, Inc. claiming that due to fraudulent misrepresentations and omissions made by Arctech regarding the performance of their Humasorb technology, the Company’s License, Supply and Distribution Agreement with Arctech, dated June 6, 2012 (the “Agreement”), should be declared null, void, unenforceable and rescinded, that the Company and Arctech should be placed in their respective positions prior to the execution of the Agreement, and that the Company should be awarded damages and attorney’s fees in an amount to be determined at trial. Prior to filing the Complaint, the Company had made payments of $75,000 to Arctech which, under the terms of the Agreement, were to be creditable against certain product and services to be provided to the Company by Arctech. On April 4, 2013, Arctech filed a response to the complaint with the court largely denying the Company’s claims and making certain counterclaims alleging that the Company had breached the Agreement, that Arctech had suffered damages of at least $220,000 as a result and that Arctech should be awarded damages, attorney’s fees, costs and interest in an amount to be determined at trial. The Company intends to aggressively defend its position regarding this matter.
This is not regarding any false claims Abtech made, its Abtech claiming the other company made false claims and misrepresentations.
Madoff Investments' clients include (included) scores of leading securities firms, banks and financial institutions from across the United States and around the world. Madoff Securities is a registered US broker/dealer regulated by the Securities and Exchange Commission and the National Association of Securities Dealer.
Yes, amazing how like minded people are attracted to one another, but where were you and your glorious SEC back then? Why are you trying to find culpability with Abtech when you could have landed Madoff back in the day? Is this the reason you are no longer a Federal prosecutor? Do you feel culpable that you didn't see through Madoff's scam? Forgive yourself Mako…let it go