MRTI.Metal recovery Technologies
this stock is 10 cents
and has already established a strong base
float is 27 million, not too bad,
have been watching this for several weeks & the stock price seems to struggle to stay where it is
they have a web site
and the CEO bought 11 million shares on the open market
(that's a good sign to me!)
this was once over 60 cents
this MIGHT be undervalued?
there has never really been BIG volume
There has been accumulation strength in this for a long time
That is a great sign :)
MRTI is ALSO listed on the Berlin Stock exchange besides our OTC exchange
here is the press release:
Monday June 8, 10:41 am Eastern Time
Company Press Release
SOURCE: Metal Recovery Technologies, Inc.
Metal Recovery Technologies Chairman Purchases 11,000,000 Shares of
Company Stock
EAST CHICAGO, Ind., June 8 /PRNewswire/ -- Michael Lucas, chairman of Metal Recovery Technologies, Inc. (OTC
Bulletin Board: MRTI - news), the world's first commercial zinc recycler, announced today that he has purchased 11,000,000
shares of Metal Recovery Technologies common stock bringing his personal holdings in the company to 12,000,000 common
shares. A 13D form filing with the Securities and Exchange Commission is currently being prepared.
Metal Recovery Technologies utilizes a patent-pending process that removes zinc from galvanized steel scrap yielding two end
products: 99.8 percent pure zinc, and the highest quality reusable ''black'' scrap steel. The dezincing technology has been
developed by Metal Recovery Technologies in partnership with the Argonne National Laboratory and the United States
Department of Energy. Visit Metal Recovery's web site at www.metalrecovery.com.
SOURCE: Metal Recovery Technologies, Inc.
:
415 East 151st Street
East Chicago, IN 46312
Phone:
(219) 397-6261
Industry:
Metal Mining
Sector:
Basic Materials
Employees:
20
Officers:
Michael S. Lucas,
Chmn./CEO
Roy Pearce, CFO.
**********
the person who started the MRTI thread stated in 1996
"This company is the only player in a large new market: zinc recycling. Very boring, but very
profitable. "
My question is, how do you find out the competition in the Zinc market, and if this statement is still true?
also from 1996 at the start of the thread it says
" Metal Recovery Technologies, Inc (MRTI) is the world's first commercially viable zinc
recycler. They have a patent-pending technology to convert galvanized steel scrap metal,
which actually costs money to dispose of, into pure zinc ($1000/ton) and hi-quality steel
scrap ($20/ton).
This looks like an excellent short- and long-term play. Here's why:
-- EARNINGS. They just signed a $75M / 5 year contract with Essex Trading Co. This
alone represents $17M annual revenues. At 20% estimated margins, that's $3.5 million /
year earnings. Not too shabby. The contract starts in two weeks (Beginning June, 1996).
-- FURTHER CONTRACTS are pending with GM and LTV Steel, among others.
-- BACKED BY THE DEPARTMENT OF ENERGY (DOE). This new technology is
viewed as strategically important to the United States. Why? Energy efficiency, US
competitiveness, and environmental benefits.
-- THE MARKET IS LARGE AND GROWING. They are the only player. They are
receiving many enquiries, and talking with numerous prospects. The DOE estimates the
market as 30 Million tons of galvanized scrap /year. The recent $75M / 5 year contract
represents a mere 75,000 tons/year.
********
another post on SI on the MRTI thread:
The CEO had 1 million shares.
The CEO increased this to 12 million shares last week.
That cost him roughly $1 million dollars.
If he didn't believe in this new plant they are constructing, I'd assume he could have
done a lot of other things with his money.
Like by a Yacht, or a summer home. Maybe some nice cars...
***********
My thoughts:
the CEO buying is a very good sign.., why would a CEO buy 11 million shares on the open market, other than because he believed the price of the stock would eventually go up? I have asked several people this and they all said something to the effect of "no other reason"
MRTI
Presently there is no income since the plants are now being re-designed for MRTI use.Once the process begins to actually generate income the stock will find more attention The volume on MRTI seems better than last year.
So Jeff, I KNOW there are some negatives at work here, but maybe you can tell me WHAT they are
from the thread I saw there was some litigation
and concern that settlement would be made in the form of shares?
is that a justified concern?
Jeff I know you can probably point out lots of negatives, as well as how to verify the information contained in the first note at the start of the MRTI thread.
and I really look forward to that : )
But I still keep thinking if the CEO bought 11 million shares that he strongly believes the value of the stock is going to go up.
What are your thoughts for the short term, and for the long term.
What does this company have going for it?
What does it have NOT going for it?
No rush to respond
MRTI will still be around :)
Thanks.
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