Tomorrow in Denver, Evergreen Energy is scheduled to hold its annual meeting. In the past, these gatherings have been known to produce hype and distortion about the company's prospects – particularly the notion that K-fool has commercial viability. I'm confident that Stoner and Company will follow the same path tomorrow, with the added insult of a reverse stock split which will be another slap at long-suffering shareholders. Hope the SEC is in attendance.
Germany has a well deserved reputation of giving the world dangerous and obnoxious leaders. History is now repeating itself with the actions of German Chancellor Angela Merkel who single handedly is causing most of the decline in world financial markets. The ban on short selling is just ludicrous as is her forgetting she is part of the EU. In sum, she is a fat, stupid, bitch!!
I first mentioned Mariner's Choice International (MCII-Pink Sheets) in late March. Back then I commented that notwithstanding its pink sheet listing and limited financial history I was impressed with the company's potential. Since then I have done further research and have concluded that MCII could be a "mega" stock, offering high risk tolerant investors the opportunity for a huge potential return. My research has included "kicking the tires" so to speak by using some of the company's products. Specifically, I tried Rain-B-Gone, and the Auto Rim Cleaner, both of which worked very impressively. Not to be lost on investors is unlike many pink sheet companies that only offer"vaporware" products, or potential products, MCII actually has products that work well, and most importantly in today's BP dominated atmosphere are environmentally friendly.
Rain-B-Gone (RBG) is a windshield treatment, water based, solvent free effective water-repellent. Its advanced technology is designed for quick and convenient application. It repels rain, sleet, mud, dirt and bugs. It also reduces glare. Unlike similar products on the market RBG is molecular and not chemical so it is much more ecologically friendly.
Auto Rim Cleaner is a biodegradable, non acid product that helps in the reduction of brake dust, road grime and salt stains that accumulate on wheel rims and hub caps. I used both products and they were great.
However, beyond these products (and the company has others as well) there are additional important reasons for liking this stock, one of which is a potential blockbuster. First, the company is building -as per its business plan – a stronger and larger distribution network for its offerings. In the past, MCII has utilized small distribution channels. However, this is changing and management expects that larger distribution agreements will be forthcoming that will be able to accommodate bigger orders. Recently, another distribution agreement was announced.
Now for the potential icing on the cake. Last week MCII announced that some of its products are being considered for cleaning up the BP Gulf mess. If in fact, MCII products are selected as part of the clean-up solution look for the stock to explode on the upside.
By way of disclaimer, I have a significant position in MCII and I obviously hope my observations are correct. However, I have been in the business of stock selection for more than 30 years, much of which has been spent in analyzing small companies. I firmly believe that MCII has the potential to be one of those stocks that can make a portfolio and create significant wealth for those willing to assume high risk. Right now the company is still trading beneath the radar screen, but if the company's products for the Gulf clean up are selected it will get lots of attention.
The best income stock around today is Century Tel, Inc. (NYSE-CTL). Yielding 8.5% with a safe dividend that could even be increased. A no-brainer and better than any mutual fund that I can think of.
My ticker is constantly polluted by articles from Manyanville being negative about virtually everything on the planet. Wish I could figure out how to delete them. They must be professional shorters.
While I remain a long-term bear, for the short term, the stock market is very oversold and traders can probably make a little money here. Be nimble and quick but recent sell-off likely has created some good opportunities.
The tape doesn't lie and watching the market this week has left me wondering about that summer rally I was expecting. The economy looks much weaker than I anticipated and that is not good for stocks. The housing market is particularly troubling and without a housing recovery economic growth is doomed. At the same time the employment situation remains horrid. I wish Obama spent more time trying to devise plans to stimulate the economy as opposed to playing golf. To be sure, strong second quarter earnings could still prompt a rally, but for now I'm thinking about returning to the bearish camp.
I see where Stoner bought some stock and the shills on the message boards are excited about it. As for me, it means nothing but an attempt to window dress. Instead of buying stock why doesn't Stoner produce a few revenue producing contracts? Maybe it's because there is no market for K-Fool or the vapor ware "cloud technology" being peddled by C-Lock.
I have a hunch that the scam artists at Evergreen Energy are worried about getting enough votes for their reverse stock split scheme. Indeed, every shareholder who has a brain should vote NO. I worked on the Street for more than 35 years and never remember an instance where a reverse split worked to the benefit of stockholders. It's just another scheme on the part of management ( and Stoner is the worse yet) to prolong the taking of a salary with the bogus excuse of keeping a listing. I am willing to bet that if successful in getting a reverse passed, within thirty days of the split the stock will on an adjusted basis be trading even lower than it is today. Moreover, how can any long term holder of this stock vote for any proposal put forth by such a bunch of incompetent fools?
I am getting sick and tired of all the media clamoring for rage on the part of President Obama concerning the BP oil spill. What would the media have him do? Go on TV and pull a hissy fit? Does anyone really believe that Obama is not super pissed? I don't blame him for not showing more "rage". I do fault him for not turning lemons into lemonade. If there were ever a time where the national debate should focus on energy issues it is NOW. There should be a crash program instituted for nuclear power development and the use of some alternatives like solar power. To just sit back and sulk because you were dealt a bad hand does Obama no good, nor future generations of Americans who need energy solutions.