Hession lies awake at night with one thought on his mind: "How can I get that shelf registration down" and keep this merry-go-round spinning?
"In an interview about the economic impact of climate change, Al Gore has warned that individuals, investment funds, and institutions should divest from fossil fuel companies before the great “carbon bubble” bursts in world financial markets. Gore maintains that the largest risk ever to the financial markets is now global climate change.
In the lead-up to Gore’s Climate Reality Project multimedia event, on video he discussed the investment consequences of the obvious realization that the world is going to have to leave most of its known fossil fuels reserves in the ground, if we are to have a liveable climate that is. These known fossil fuel reserves are already counted as valuable assets by the financial markets, so that spells future trouble for these stocks, and for the markets overall, because the assets are currently so overpriced.
Gore explains that, “There are $7 trillion worth carbon assets on the books of multinational energy companies today. There are another $14 trillion owned by sovereigns like governments in the Persian Gulf region. But just to take the public companies; the valuation of those companies and their assets is now based on the assumption that all of those carbon assets are going to be sold and burned. And they are not. The global scientific community has just reaffirmed that no more than one-third can ever possibly be burned without destroying the future.”
Gore likens these fossil fuel assets to sub-prime mortgages, saying “these are sub-prime carbon assets”. He explains that sub-prime mortgages had an artificial value based on the assumption that people who couldn’t make a downpayment on a mortgage would never default on their loans. The institutions selling them operated on the assumption that selling them on would magically eliminate the risk involved, at least for them. It was a self-serving illusion. Eventually, when the assets were examined more closely, it resulted in them being “suddenly and massively repriced, and that’s what t
just too funky for my monkey....
In consideration for dismissal of the Lawsuit, Aphena will be paid the sum of $400,000 within 30 days by BioZone's insurer, Evanston Insurance Company. In addition, BioZone and BioZone Labs issued to Aphena a Promissory Note in the amount of $500,000 to be paid by February 28, 2014 and BioZone issued to Aphena five-year warrants to purchase up to 200,000 shares of BioZone common stock at $0.50 per share.
somebody goose this just to keep the phony deal buzz alive? LOL This appears to happen periodically.
strange $#%T seems to happen when you have such a tight float
mkt cap is ludicrous
"Petroleum geologist and consultant Art Berman has called the shale oil and gas expansion “more of a retirement party than a revolution.” Berman and others have cast doubt on the sustainability of the energy revival, given the mixed productivity at some fields and the relative high cost of extracting oil and gas in dense rock formations."
early DD a number of years ago indicated Robbert B. had involvement with small Canadian penny stock. He ( stpioc ) was asked about that repeatedly and he refused to respond or deny
Sentiment: Strong Sell
For some reason a lot of billionaires in the Griftopia end up turning out to be criminals.
Shakespeare said that.
Sentiment: Strong Sell