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Press Release Source: Global Matrechs, Inc.
Global Matrechs, Inc. Signs Manufacturing Agreement With Dow Corning Tuesday September 5, 11:33 am ET
RIDGEFIELD, CT--(MARKET WIRE)--Sep 5, 2006 -- Global Matrechs, Inc. (OTC BB:GBMR.OB - News), a developer of advanced materials for nuclear and hazardous-waste containment and high-performance, nontoxic polyurethanes, announced today that it has signed a manufacturing agreement with Dow Corning Corporation, a global leader in supply of silicon-based products. ADVERTISEMENT
Dow Corning will manufacture NuCap(TM), Global Matrechs' lead product, an advanced silicone geo-polymer composite that provides superior containment of radioactive contaminants. Modifications to part of the facility at Dow Corning's manufacturing plant in Midland, MI that will manufacture NuCap(TM) will result in improvements in the manufacturing process efficiency. The upgrades are expected to expand Global Matrechs' ability to meet demand for its innovative materials.
Michael Sheppard, CEO of Global Matrechs, said, "This agreement is a very important advancement in the growth of this company. Dow Corning has collaborated with us for more than eighteen months to help us obtain the level of equipment, management, engineering support and training to meet the standards for quality and quantity required by the growing customer base for our NuCap(TM) materials. We believe this relationship with Dow Corning will enable us to successfully fill certain large orders anticipated in the near future."
About Dow Corning
Dow Corning (www.dowcorning.com) provides performance-enhancing solutions to serve the diverse needs of more than 25,000 customers worldwide. A global leader in silicon-based technology and innovation, offering more than 7,000 products and services, Dow Corning is equally owned by The Dow Chemical Company and Corning Incorporated. More than half of Dow Corning's sales are outside the United States.
About Global Matrechs
Global Matrechs (OTC BB:GBMR.OB - News) (www.globalmatrechs.com) operates a licensed technologies business. Through its licensed technologies business, Global Matrechs seeks to convert the licenses it has acquired in emerging technologies in the nuclear energy, environmental and chemical industries into manufactured products primarily through sub-licenses of those technologies to manufacturers.
-------------------- Cashing checks in two forms: Money and Reality
GLTA, The Phat Man Posts: 1236 | Registered: Apr 2006
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I bought into this a couple days ago on a chart play basically, still doing DD. I think they do have a recent filing for possible dilution, but as we have seen. that still doesnt stop these from running, the chart looks interesting coming off a bottom and held very strong eod last two days. could be good for .01 plus imo
Filed a 424B3 11/20/06 for This prospectus relates to the sale of up to (i) 7,800,000 shares of our common stock by Brittany Capital Management Limited, which shares may from time to time be issued pursuant to our Private Equity Credit Agreement dated September 14, 2006 (the “Private Equity Credit Agreement”) and (ii) 63,636 shares of our common stock issued to Econ Corporate Services, Inc.
424B3 Final prospectus filed pursuant to Rule 424(b)(3). This is a preliminary filing warning of future dilution. The shares cannot be sold into the market until they are registered, usually done via a SB2.
If you recall VSNI, which just ran from .012 to .04. (HOD today - .04), also had a 424B3 filed as future dilution 23,896,827 Shares of Common Stock, with an O/S of : The Company had 38,430,385 shares of Common Stock, $ 0.01 par value per share, outstanding as of October 31, 2006.
Someone asked another poster on the VSNI thread why he would buy a stock that was poised to dilute. I say why not? They will run it to get their profit before it dilutes. If that isn't a good enough reason, then how bout a stock with a potential O/S of 39M even after the 7.8M dilution.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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I have to admit that i look at filings all the time, but i am not the best at interpreting them. trying to find the time to get better though, I focus more on charts, but.. it really pays off to stay up on the companies filings and be able to interpret them quickly. this has really come down hard, trading at 2.00 a share plus around a year and a half ago. still DD'ing, but what a drop. company seems undervalued at these levels
Still only a potential 114M O/S. True, the SB-2 shares can be sold into the market, but I still think it sees gains before then. I bought at .0051, and it closed at .007 today for a 37% gain,, and holding for more soon.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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Here's a post of mine posted on the BANY thread :
"Pennies are just amazing !
484,281,357 Number of shares of common stock outstanding as of November 10, 2006.
Stockholders’ equity:
Preferred stock: The Company has 1,000,000,000 shares of no par value preferred stock authorized. Common stock: The Company has 5,000,000,000 shares of no par value common stock authorized. At September 30, 2006, there were 363,281,357 shares issued and outstanding. The Company had 55,875,000 outstanding options and 67,646,250 outstanding warrants.
With an open SB-2 for 2 billon shares from 4/20/06. We know it has not all been sold into the market yet, because there are only 484,281,357 as of 11/10/06 by virtue of the Form 10. The O/S previous to the SB-2 being filed was Number of shares outstanding of issuer’s Common Stock, no par value outstanding as of April 12, 2006: 210,148,313
How a stock runs for 400%+ with a potential O/S of 2.2 Billion is just amazing to me. Wish I could be that brave.
Good luck! Great job! "
Now if BANY can run a 1000%+, with an open SB-2 for 2 billion shares I think a mere 83M that seemingly is long term in nature shouldn't hurt GBMR's chances of having substantial gains. (When I posted on the BANY thread it had only seen a 400%+ gain, did the other 600% today).
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
looks like ARCA doesnt want to dilute below .007, for now at least. someone took out the bid, and the support just bailed. not sure what to think about this one. I guess chances are it could go to .005 again, but this sucker is beaten up bad at those levels.
i'll hold.. avgd at .006 and a little under.take my chances.
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looking better, ask up, and arca gone. bid support back. I still think company is undervalued at these levels. we shall see..
Posts: 6397 | Registered: Jan 2006
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I'm watching this one too. Great product, low float, but never really has gotten anywhere in years.
Posts: 1220 | From: Denver, CO | Registered: Jun 2005
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Global Matrechs Completes First Payment to Dow Corning Wednesday April 11, 10:13 am ET
RIDGEFIELD, CT--(MARKET WIRE)--Apr 11, 2007 -- Global Matrechs, Inc. (OTC BB:GBMR.OB - News) today announced that pursuant to its contract with Dow Corning for the manufacture of NuCap(TM), Global Matrechs has completed its initial payment of $125,000 to Dow Corning. These funds will be used by Dow Corning to upgrade manufacturing equipment which will provide efficiencies in the NuCap(TM) manufacturing process. Upon the completion of these improvements, Global Matrechs will be obligated to complete its payment in the amount of $140,000 for the capital improvements. Global Matrechs anticipates that the completion of these improvements will occur by the fourth quarter 2007.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
hod .024 guess it still had some energy left
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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