Evergreen Energy Compensation Outrage

Evergreen Energy has no earnings and as far as I know currently has no revenue sources.  Yet according to Yahoo Finance the key executives of the company took $783,000 in compensation last year.  I get a particular kick out of the chief financial officer booking $176,000.  Nice work if you can get it! Don't know of any other penny stocks that pay their "key executives" so richly. Perhaps someone will question these creeps about this at the annual meeting next week.

Vote NO on EEE Reverse Split

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?

That Sinking Feeling

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. 

Mariner’s Choice- A Bullish Update

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. 

Hey Barry, do something!!

There are those that are harping that Obama has not done enough in the Gulf.  Really? What would they have him do in this unprecedented environmental disaster?  However, what I blame the president for is not addressing the unemployment situation in the country which is still horrible.  The spending stimulus package should have been larger, coupled with tax breaks for business so as to encourage hiring.  The detachment of this president is really starting to bug me and at this time I cannot imagine a scenario in which I would vote for him again.  Even Biden would be better!!  Maybe Obama should turn the office over to him and go back to teaching law.  Really, enough is enough Barry!!!  I think you should be unemployed.

EEE – A great analysis

This is great analysis about the disaster which is EEE. Unlike most message board posts this one is informative and educated.  Could not have said it any better!! 


EEE- Vote NO on reverse split and against all directors

While the market soars today EEE is tanking again and likely headed below 10 cents.  To all long suffering shareholders I recommend voting NO on any reverse split and against all nominees for directors.  Won't get my money back but at least it's a small protest against these creeps who have the nerve to continue to take a salary while we all get hosed!!

Today’s laugh

In perusing the Yahoo message board for EEE there are actually some touting morons (and you have to wonder if the company is behind these posts) that are saying EEE can be bought out!!  Really, this is a hoot.  Just who would buy this bogus company that has no workable products?  Needed a laugh and I got one.  Desperation reigns.

A Summer Rally?

For as long as I worked on the Street there have been those that have adhered to the summer rally theory.  Supposedly stocks can do really well during the summer.  Maybe it's wishful thinking but many believe that thin volume, while many traders are on vacation, can lead to higher prices.  For my part, I really never bought this theory, but with summer officially beginning on June 21 I do believe that this year may feature a pop in stock prices during the hot days to come.  Basically, this position is based on valuation analysis suggesting that many big name stocks are very moderately priced and should be commanding higher multiples.  Will it happen?  Who knows?  Unexpected things happen that can influence the market negatively.  However, on "fundamentals"  I believe that on a short term basis stock prices with trend higher.