A very nice write up on my favorite stock. A few details where my efforts have resulted in different information.
First, the Nasdaq hearing is on December 3.
Second, there is no hedge on the South African deal. A letter of intent should be signed on Wednesday, October 23. There was a 93 million dollar offer on the coal only by Orlando Light and Power which was rejected back in July. There is another player in the wings, but as far as I have been able to confirm, no offer from them.
Third, the South African deal is for five years, but 10 million tons per year is an agressive target. Besides, there is only 30 plus million tons of surface coal. The rest is deep mineable only. I expect you will see only surface coal in play, ultimately. But it is still a lot of cash.
Fourth, some questions:
-Why would Levine, who owned OTS Holdings, which owns the Tennesee property and the methane property, take OTS to CECN in a stock swap. If you owned properties potentially able to produce a cash stream like that from a JV, would you give it all up for 8 million shares of a OTC-BB company with such a terrible track record? Have you studied the 10k?
-Is Kostech legit, or just another promoter in disguise?
-Is Jeff Bruss, FSS, still working on CECN at all?
I have many more questions and comments, but overall I'm simply glad to find a few folks who are talking about this little jewel. Look forward to your comments. |
