C.J. Chivers contributes to both the Foreign and Investigative desks of The Times, writing from Afghanistan, Iraq, Russia, Georgia, Chechnya and elsewhere on a wide range of assignments. He served as Moscow correspondent from June 2004 through mid 2008. He has also covered war zones in Iraq, the Palestinian territories, Israel, Central Asia and Afghanistan, and studied the Russian language to prepare for his post. From 1999 until 2001 he was a Metro reporter covering crime and law enforcement in New York City, working in a three-reporter bureau inside the police headquarters in lower Manhattan. While in this bureau, he covered the attacks on the World Trade Center on Sept. 11, 2001.
Before joining The Times, Mr. Chivers was a staff writer at The Providence Journal in Rhode Island from 1995 until 1999, covering crime and politics, and was a contributor to several magazines, writing on wildlife, natural history and conservation. He remains a contributor to Esquire Magazine and Field & Stream.
From 1988 until 1994, Mr. Chivers was an infantry officer in the United States Marine Corps, serving in the Persian Gulf War and performing peacekeeping duties as an infantry company commander during the Los Angeles riots. He was honorably discharged as a captain in 1994.
In 1996, Mr. Chivers received the Livingston Award for International Journalism for a series on the collapse of commercial fishing in the North Atlantic. Two of his stories in The Times from Afghanistan were cited in the award of The Pultizer Prize for Public Service in 2002. In 2007, his reconstruction for Esquire of the terrorist siege of a public school in Beslan, Russia won The Michael Kelly Award and National Magazine Award for Reporting. He was also part of the New York Times team that was awarded The Pulitzer Prize for International Reporting in 2009, for coverage of Afghanistan and Pakistan.
Mr. Chivers graduated with a B.A. cum laude in English from Cornell University in January 1988. He was the 1995 valedictorian of Columbia University Graduate School of Journalism. He also graduated from several military schools, including the U.S. Army's Ranger Course.
Posted by beststocks on :
LOOKS THAT IT HIT BOTTOM LAST WEEK.TIME TO BOUNCE BACK.
Posted by beststocks on :
This is just my thoughts about this stock. I am a retired military intelligence officer. I understand "Black Ops" very well. This is just a feeling I have. Looking at the CEO, that has a background in Government Contracts, logistics, etc. This is a company that is about to have major contracts with the Department of Defense and the United States Navy for a Unmanned Naval Vessel such as the Airforce has with the http://en.wikipedia.org/wiki/MQ-1_Predator. I believe this is a classified project that has not hit the main stream because it is under development. When you look at their products http://www.radix-marine.com/products.htm, this would fit into the federal system of bidding. The feds by law must take dis-advantaged companies into the bid process. I think this is a gold mine. I believe they have a product that will elimate cost to the tax payers, elimate death toll to American Sailors, and provide a means to fight terriorism from distances far away from threat.
Chivers says we should think of a roboboat run by a trained naval officer, much as Air Force pilots fly Predator and Reaper drones. In the next several weeks, Sheridan will be testing a preliminary version, which combines several off-the-shelf products, on a GB-12 patrol craft from Radix Marine, a boat manufacturer in Yakima, Washington. The first tests will be on manned vessels, with the system operated by joystick by the crew from within.
Posted by beststocks on :
very thin level II
Posted by beststocks on :
Shareholder Update Part II
Thursday, October 1, 2009, 09:05 PM Dear Shareholders,
We are sorry for the delay in getting you an update. We have several projects we are working on and will update you as they advance forward. We have formed an advisory board made up of 5 business men and women out of the Puget Sound area. These are professional people with vast experience in the business world and a great resource for Radix Marine as we move the company forward.
It will be their responsibility to review, analyze and ultimately recommend to the board the various business opportunities presented to Radix Marine. The first meeting of the board will be October 19th 2009 in Tukwila Washington a suburb of Seattle next to Sea Tac Airport.
After the meeting, we will be posting the bio of each of the members. We want to wait until they officially accept the position. This is a non paid, volunteer position, implemented to help move the company forward with minimum costs and expense to the company. Our continued goal is to control costs and to improve shareholder value by assembling a management team with impeccable vision and leadership qualities.
We appreciate all the inquiries to the company in recent weeks. We encourage people to call or write to the company with your questions and concerns. Continue to monitor the website for updates.
We still anticipate an annual shareholder meeting in January. Notices will be sent in accordance with the rules and regulations.
Sincerely,
F.H. Lartz President
Posted by beststocks on :
bid @ 0.0086
Posted by beststocks on :
It was good day to pick up cheap shares.
Posted by beststocks on :
bounce back time
Posted by Love the Market on :
Got filled at .006 - let's see where we go! From what I've read this could be big.
Good Luck all!
Posted by Love the Market on :
GREAT Day for this one - up 48% ! Hope it continues!
Posted by beststocks on :
it will.has very low float.did you see how fast it moves.and NITE is short on it.
Posted by beststocks on :
It should be nice day.Monday we are geting update.
Posted by Love the Market on :
How high do you think we'll get? I've read that the 52 week high is .025 and low was .0002 - but on the one year chart, I did't see it any higher than .013? Thanks best.
Posted by beststocks on :
I am not sure.I am here long.Probably 'til teens.I know they are developing this roboboat.It should more news next year for sure.Some news and updates will be soon here.
Posted by beststocks on :
Article from gunweek magazine coming here soon.
Posted by beststocks on :
At a time when international terrorism is becoming a real and ever-impending threat, the United States needs a pit bull at the helm. Unfortunately, we have a pink poodle and a Congress full of lap dogs. When Semali pirates captured an American cargo ship in the Gulf of Aden a few months back and then took the captain hostage, President Barack Obama declared it an “annoying distraction” Capt. Phillips, the skipper of the vessel, may have thought otherwise, suspecting the President being cognitively challenged. Many US citizens monitoring the situation certainly did. Instead of immediately taking action to destroy the seafaring terrorists, the current administration waited just too long, and in lieu of firepower, we were stuck with FBI hostage negotiators. During the crisis, the President was himself afloat in a sea of oblivion. As Phillips was being held at gunpoint, President Obama was hosting a meeting with homeowners at the White House. When asked by reporters about the first act of piracy against a US vessel in nearly 200 years, his inane response was “Guys, were talking about housing right now.” This scenario begs for a Ronald Reagan and a couple of armed fighter jets. But since that’s no longer possible, one might take a look at a solution lurking on the horizon. Most people have heard the old sea chantey, “Fifteen men on the dead man’s chest, yo-ho-ho and a bottle of rum.” Maritime Defense Systems International LLC (MDSI) (online: MCDI-Intl.com) is making it possible to end piracy on American ships and add sea terrorists to the dead man’s chest. MSDI is a privately held Florida corporation that will install a scaled down version of its Automated Counter-Piracy System on the GB-12 patrol boat produced by partner Radix Marine Inc. (2804 West Washington Ave., Yakima, WA 98903, online: Radix-Marine.com). This 12 meter craft is capable of functioning manned or unmanned and hopefully, not just the US will take advantage of it. The combination of the GB-12 and a mounted weapon system make it the ideal force multiplier for friendly nations worldwide. Essentially, what you have on the system is a South Korean Daewoo K3 machinegun along with long range detection, range finding and automated weapons control, with features such as a Sathink for real time video transmission. This system allows a controller to maneuver and fire from a control point that is a distance away from the pirates or terrorists. This allows the main vessel to remain at a safe distance miles away from the action. The 13-pound Daewoo K3 chambered for 5.66 mm is a gas-operated, air-cooled automatic light machinegun that can fire from a belt (700 rpm) or box magazine (1,000 rpm). It has an overall length of 40.5 inches with a barrel length of 21 inches. The gas system uses a piston, a bolt carrier and a rotating five-lug bolt, together with a three-position adjustable gas regulator. Basically, it’s a new and improved version of the FN Minimi (M249 SAW). MDSI officer Tim Sheridan said they chose the Challenger GB-12 vessel for its reputation as a durable, high performance, highly maneuverable craft. The boat is constructed of aluminum and not composite, so that if repairs are needed, the job can be handled just about anywhere in the world. There’s no need for complicated and complex compounds for fix-its. He claims, “The Challenger’s advanced hull design and turbo-charged engines coupled to powerful water-jet pumps give it unparalleled speed and maneuverability.” This little sea wolf accelerates from 0 to 40 knots in 10 seconds; at 40 plus knots, it is capable of turning 180 degrees in 1.5 boat lengths. The craft’s shallow 1-meter draft makes it ideal for river and coastal patrol missions. Another advantage of the GB-12 is that it can be reconfigured so that various mounts or modules can be emplaced on the front deck, depending on the mission. In other words, the GB-12 can be readily adapted to counter-piracy, counter-drug, bostage rescue and dozens of other operations. The Challenger’s drop-in modules can be installed in minutes with a simple dock-side lift that accommodates several modules. What makes the Challenger so swift and powerful are its two 660 HP model 3196 DITA Caterpillar engines. Other features include twin 20-inch North American Marine Jet water propulsion units, direct drive; instantaneous electronic over-speed control, and SAFETM solid-cell foam sponsons impervious to punctures or abrasion. With two main and two reserve fuel tanks, it can cover some serious distance. All it takes is two guys and 30 minutes to prepare the craft for transport, whether by ground, sea or air. The Challenger GB-12 is not an untried or untested platform. The US Navy and other interested contractors have been putting the craft through its paces with exceptional results. The only objection that some might have to using MDSI’s weapon system and GB-12 is that traditionally cargo ships and cruise ships are not armed. Company official Tim Sheridan offers the perfect solution, “It would make sense to have a US Reserve Marine or Navy officer on board to launch the craft and control the weapon system. This would relieve the civilian sea merchants from having to handle any weapons or from breaking any maritime laws. Given the choice of 10 FBI hostage negotiators or one Automated Counter-Piracy System, I’ll take the system hands down.
This should be quite a week here - guessing the Board will be named as well!
Good Luck to us all!
Posted by beststocks on :
We should have an update for board tomorrow.Meeting is today.
Posted by Love the Market on :
FLYING this morning! Hit .0159 a few minutes ago!
Posted by Love the Market on :
Dang - closed right where we started this morning. Who EVER would have thought THAT would happen today....
Posted by beststocks on :
Patience is virtue.
Posted by Love the Market on :
I was hoping WE would have something of "EPIX" proportions today! :-)
(EPIX went from .01 - .11 Friday - and was around .15-.16 this morning. I think it was around .09 at 3pm though)
Posted by cpaul on :
I hope EPIX goes back up with news on Wed i got it at .05 fingers crossed
Posted by beststocks on :
This party has just started.Can you imagine getine RDXM story in business news magazine.
Posted by beststocks on :
looking strong @ 0.01
Posted by beststocks on :
DEAR SHAREHOLDERS:
We are pleased to announce the conclusion of our first meeting of our advisory board. We feel the meeting was quite productive and everyone has accepted the position. We are in the process of having them put together bio’s on themselves so we can post them on the web site.
The meeting was presided over by Daniel Langdon. Dan will serve as the chairman of the advisory board and brings a vast history of business experience to the advisory board. Dan has also been a long time shareholder in Radix Marine. We like to say he has “skin in the game”
Dan has experience in land development, nursing home operation, publication, printing and the marina business. He operated his lo-carb business and successfully merged into a public company several years ago. He is experienced in the games that are played relative to public traded companies and strategies to curtail such activity. He attended the annual shareholders meeting in 2008 in Las Vegas with Mr. Goodspeed and has a good grasp on the operation of the company and the products.
It is anticipated that many of the advisory board members would have an interest in the board of director’s positions when the annual meeting is held in January. This will ultimately be left to the shareholders that attend the meeting. We hope to have a detailed road map for the company, and supporting plan of execution, when the annual meeting is held. Presently this is an advisory position and it has no pay and is strictly volunteer. Some of the advisory board members have had stock in Radix for several years as well.
The advisory board met for approx 2 hours and discussed the following agenda items:
1 Radix corporate history to date and future direction of the company.
2 Corporate structure of officers and shareholders.
3 Discussed the legal and financial position currently.
4 Discussed current business and opportunities presented to the company to date.
5 Discussed the potential business opportunities and funding mechanisms.
The meeting was quite productive and another meeting has been set for November 18 2009.
We continue to look at business opportunities for the company that offer good, solid, long term growth that will add further shareholder value.
We appreciate your support and interest in Radix Marine.
Frederick H. Lartz President
Posted by beststocks on :
Lets see what market brings today
Posted by Love the Market on :
best - I left you a post on the Hot Stocks thread....
Posted by beststocks on :
Can you give me link.Thanks
Posted by beststocks on :
Rock bottom.Watch it tomorrow.
Posted by beststocks on :
0.008
Posted by beststocks on :
0.0086
Posted by beststocks on :
Fox news today.
This year there have been some 174 ships attacked by pirates off Somalia, 36 of which are being held. At least 587 people are being held hostage. Ransoms being paid out in recent months total in the tens of millions of dollars. The pace of hijackings is running ahead of last year.
Hope they get those Machine Guns on the GB12 and in Action soon...... these gangs sure are brazen.
Held by Pirates, Briton tells of Ordeal.
MOGADISHU, Somalia (Oct. 29) - Paul and Rachel Chandler, a retired British couple who sailed to exotic locales aboard their 38-foot yacht, said in one of their last cheery messages they would likely be "out of touch for some time." After disappearing for a week, a somber Paul Chandler is back in contact, saying by telephone Thursday that he and his wife are being held captive by gun-toting pirates who stripped their vessel of everything of value. Skip over this content Despite the presence of warships and aircraft from more than a half-dozen nations, the pirates prowl the Indian Ocean off Somalia seemingly at will, pouncing on pleasure craft, fishing vessels and huge cargo ships. With the recent end of monsoon season in East Africa, there have been a rash of attacks as pirates return to the open seas. More than 190 crew members from eight ships are being held. The latest seizure on Thursday was of a Thai fishing vessel carrying 21 Russians, two Filipinos and two Ghanians, the Seychelles coast guard said. Paul Chandler told Britain's ITV News in a phone call that he and his wife were being held aboard a container ship anchored a mile from the Somali coast. They apparently had been briefly taken ashore. A fisherman told The Associated Press he saw two boats carrying eight pirates and a white couple come ashore in the village of Ceel Huur, just north of Haradhere, a notorious pirate stronghold. Dahir Dabadhahan said six luxury vehicles carrying about 30 other pirates cleared bystanders from their path. "The pirates fired into the air, waving us to move away," he said. Skip over this content Taken at SeaAP4 photos Armed pirates snuck aboard Paul and Rachel Chandler's yacht while the couple slept and demanded money before taking them hostage, Paul Chandler said in an interview with Britain's ITV News. He spoke via satellite phone, from a container ship near the Somali coast where the couple was being held.(Note: Please disable your pop-up blocker)http://xml.channel.aol.com/xmlpublisher/fetch.v2.xml?option=expand_relat ive_urls&dataUrlNodes=uiConfig,feedConfig,localizationConfig,entry&id=760778&pid =760777&uts=1256839075 http://www.aolcdn.com/ke/media_gallery/v1/ke_media_gallery_wrapper.swf Lost at Sea Armed pirates snuck aboard Paul and Rachel Chandler's yacht while the couple slept and demanded money before taking them hostage, Paul Chandler said in an interview with Britain's ITV News. He spoke via satellite phone, from a container ship near the Somali coast where the couple was being held. AP APAt a European Union summit in Brussels, British Prime Minister Gordon Brown appealed for the couple's release. Foreign Secretary David Miliband pledged that Britain would use "all the mechanisms at our disposal" to secure their safe return. Chandler told ITV the pirates crept aboard his yacht at night while he was asleep. "They kept asking for money and took everything of value on the boat," Chandler, 59, said in the interview before the phone connection was abruptly broken off. The British navy found the yacht — empty — in international waters earlier Thursday. Warships had been searching for the Lynn Rival since it sent out a distress signal Oct. 23. Chandler later told the BBC in a telephone interview that he is being treated well by his captors. "We are well, and being looked after OK," Chandler said. "Food is OK." He did not appear to be able to speak freely. Asked whether he was in Somalia, he said: "I can't answer that," and responding to a question about whether he had a message for British officials, he said there was "nothing I can say." A pirate spokesman who identified himself as Abdinor said the bandits will negotiate a ransom for the couple. The British government does not make or facilitate "substantive concessions" to hijackers, including ransom payments, the British Foreign Office said. "We do expect a ransom demand," Rachel Chandler's brother, Stephen Collett, told the BBC. "The problem is they are not rich people. Most of the money is tied up with their yacht and other communications equipment, which is on board the yacht." Paul Chandler's sister, Jill Marshment, pleaded for the Chandlers' release and also said they weren't wealthy. Even with only two aboard, the couple described the Lynn Rival as cramped. It is powered mostly by sails and has a small outboard engine. "They are resilient people. They won't be weeping," Marshment said. "Instead, they'll be thinking: 'What are we going to do? What are we going to say?'" Paul Chandler has been identified in the British media as a retired construction site manager, while Rachel, 55, is described as an economist. The couple, married for 28 years, took early retirement about three years ago and have spent six-month spells at sea. They have sailed to the Greek islands, Egypt, Sudan, Eritrea, Oman, Yemen, India, the Maldives and the Seychelles, chronicling their voyage on a Web log. The Chandlers were well aware they have been sailing through pirate territory, according to their blog entries. A March 2008 post reported that they "didn't see any pirates, just a few fisherman inshore and large ships passing further offshore." In February, they reported passing through a "high risk of piracy area," traveling in a convoy of five yachts for protection. They wrote in June that another couple had recently left for Tanzania after delaying their departure "because of the Somali pirate problem." According to an Oct. 21 entry, the Chandlers planned to set sail the next day and be at sea for eight to 12 days, heading south toward Tanzania. "We probably won't have satellite phone coverage until we're fairly close to the African coast, so we may be out of touch for some time," they wrote. The last message on the blog was posted Oct. 23, the day the pirates came, and cryptically read: "Please ring Sarah" — a possible reference to Rachel's sister, who lives in the London area. Piracy expert Nick Davies of the Merchant Maritime Warfare Center said the couple should have known better. "They sailed into the lion's den and they did it knowingly and they should be sternly told they have created an international scenario that was entirely avoidable," Davies said. Somalia has not had a functioning government for 18 years. The multimillion-dollar ransoms the pirates regularly collect are a strong lure for young gunmen in a country where nearly half the population is dependent on aid. The high-seas hijackings have persisted despite an international armada of warships deployed by the United States, the European Union, NATO, Japan, South Korea and China to patrol the region. Lawless reported from London. Associated Press writers Jennifer Quinn and Raphael G. Satter in London also contributed to this report. Copyright 2009 The Associated Press. The information contained in the AP news report may not be published, broadcast, rewritten or otherwise distributed without the prior written authority of The Associated Press. Active hyperlinks have been inserted by AOL. 2009-10-29 07:29:02
Posted by beststocks on :
Hope so too.
Posted by beststocks on :
Talked to Brad.Web site updates coming.Share holder meeting notices going out this week.
Posted by Love the Market on :
.0075 x .008 !
Just got back from Texas - glad to be back in FL.
Posted by beststocks on :
up 32% yesterday.
Posted by Love the Market on :
Best - I agree on this one that it's only a matter of time! NEOM and many of the gold stocks too.
Good Luck to us all! May we have a prosperous holiday season too!
Posted by beststocks on :
RDXM is 20 30 fold easy.You will all see what kind of storm is coming here.
Posted by Love the Market on :
If you're holding as many shares as I think you may have - then I know you're a true believer....
When do you think things may explode??
Enjoy your weekend....
Steve
Posted by beststocks on :
Over 10 mil.That is about 25% of available float.I know company will not sell any shares. 2-6 months real things should start getting into pipes.For now we have board meeting,share holders meeting and more events coming. If someone wants to sell more 'til then I have $ ready to get 2-3 mil shares more.
Posted by Love the Market on :
Yeah - I gathered by some of your posted sales that you're sitting on a ton!
Good Luck to us all!
Steve
Posted by beststocks on :
In all market this is only company that I would invest that much money.Not ATT,YAHOO.Only RDXM.
Posted by Love the Market on :
Hi Best !
We FINALLY beat a Top 25 Team - but it wasn't the same after the loss in Austin last week (BUT remember - we didn't have our star QB - who made Houston's look lost yesterday - yet he's in the "Heiamann Hunt", or our star running back - LAST WEEK.
Oh well - game's over - means nothing to our daily live NOW does it? But RDXM sure does!
I'll be home - although very busy with local meetings - until the 25th. Then we go to Orlando for a week for Thanksgiving Feast at my sister's - 26 people this year!
But I'll try to call Mike and Tim this week and I'll post or PM .
Peace! Steve
Posted by beststocks on :
GB-Challenger Class is a modular-concept high-speed work craft built on an aluminum, stainless steel, and rubber platform. Powered by twin 660-HP Caterpillar diesel engines driving 20-inch impeller NOMERA water jet propulsion units, Challenger is fast, maneuverable, and competent in coastal waters, rivers, and open seas. Challenger is available in models ranging from 7 meters to 16 meters. A variety of drop-in modules allow Challenger to adapt to a wide range of military and commercial missions.
These photos show the GB-Challenger during sea trials.
Product brochure (pdf)
Additional Radix Marine Craft
40+ Knots, Extremely Maneuverable
The Challenger's advanced hull design and turbo-charged engines coupled to powerful water-jet pumps give it unparalleled speed and maneuverability.
* Accelerates from 0 to 40 knots in 10 seconds * At 40+ knots, turns 180 * degrees in 1.5 boat lengths Full-thrust reverse, 40 knots to full-stop in 2 boat lengths * Shallow 1-meter draft capable of river and coastal patrol missions
Rapid Reconfigurable Modules
All of the GB-Challenger craft have been designed to be reconfigurable platforms which will accept mission modules that plug into the front deck section of the basic craft. Available mission modules range from dive salvage, drug interdiction, environmental response, and firefighting, to mine countermeasures and weapons deployment. The Challenger's drop-in modules can be installed in minutes with a simple dock-side lift.
The Challenger is designed to get you there faster than anything else on the water, to complete the mission required, and to come back every time.
* Two 660 HP model 3196 DITA Caterpillar engines, supported by a worldwide parts and maintenance network * Twin 20-inch North American Marine Jet (NOMERA) water propulsion units, direct drive * Instantaneous electronic overspeed control * SAFETM solid-cell foam sponsons not compromised by puncture or abrasion * Two main and two reserve fuel tanks
Transportable by Trailer and Aircraft
The Challenger is designed to be transported anywhere in the world.
* Highway transportable on a triple-axle trailer (with foam sponsons removed) * Air transportable by C-130 cargo aircraft (except the 14- and 16-meter models) * Preparation for transport is a two-person, 30-minute operation
U.S. Navy Testing
The GB-12 296 Challenger has performed exceptionally well in demonstrating the capability of the product to meet the requirements of potential clients. Throughout its research and development history, the GB-Challenger Class Craft has participated in testing and trials with the U.S. Navy and major defense contractors. Interest in IMPII's capability to promote their products in the global market, and an understanding of the craft’s unique capabilities, has led several major defense contractors into strategic relationships with IMPII. The essence of these agreements is to jointly develop new technologies for integration into mission modules which meet the tactical requirements of military organizations worldwide.
The U.S. Navy’s interest in the GB-Challenger has increased over recent years resulting from the demonstrated performance capability of the GB-Challenger Class Craft. Recent performance indicators include an independent study conducted for the U.S. Navy to meet the Navy’s requirements for Survivability, Transportability, Remote Control Capability, and Cost Effectiveness, in which study, IMPII’s 12 and 16 meter craft consistently rated #1 and 2, respectively.
Posted by beststocks on :
Shareholder Update 11/22/2009 Sunday, November 22, 2009, 12:26 AM Posted by Administrator Dear Shareholders:
I am sorry for the delay of getting things updated. What started out as a 15-20 hour a week “job” for me has morphed into a 35-40 hour a week job not to mention traveling to Seattle at least 3-4 times a month.
As we move the company forward, it is our desire to diversify the company and take full advantage of the human and financial resources available to the company.
The advisory board met on November 18, 2009. We discussed present opportunities along with upcoming events.
We have been offered a loan in the amount of 60,000.00 that bears an 8.5 % interest rate. This loan would mature and come due March 1, 2011. It would provide the funding for our participation in the MDSI contract to date, do minimal upgrades to the GB 12, and bring the filings current. It was recommended that we accept the loan along with its associated terms. It will be used to cover hard costs and will not provide wages for any of the advisory board or the present management. We remain committed to keep operational costs to an absolute minimum and continue to improve shareholder value.
The location of the annual meeting was also discussed in great detail. We posted a vote on the website and until approximately 3 weeks ago, Yakima was the choice of the shareholders 2-1. Recently, with the stock activity and what we feel is the profile change of the shareholders, the location has changed from a ratio of Las Vegas 55% to 45% Yakima.
After great discussion is was recommended that we consider doing it in Seattle at Lake Union. We have located a facility we can hold the meeting at and park an operational GB 12 in the water with an operational module in the vessel. This would provide a premier opportunity for the shareholders to observe some of the products and actually see the vessel in the water.
We are going to run a short ballot question on the website through the 10th of December to see how shareholders feel. It will push the shareholder meeting back into March, but provide a more informative forum for the shareholders at the same time. They also felt it would be more cost effective for the company in the long run. We will have several presentations on present products and some of the diversification opportunities for the company.
You will notice on our web site that we have several new aspects to the company. They also recommended that we pursue some of the renewable energy opportunities as a continued effort to provide diversification for the company. We are presently exploring wind, solar, and gas turbine opportunities. We feel that with the current economic climate, the national push for renewable energy provides tremendous opportunity for the company and uses several of the human resources in place.
We have no desire to build factories or develop offices filled with paper pushers. What we desire to build is a company that takes full advantage of existing factory over capacity through sub contract, and then manage at a corporate level to include some of the other opportunities that are present in the market.
They also recommended that we continue to make the effort to bring the filings current. We have allocated the financial resources and expect to begin this process in the coming month.
We want to thank the shareholders for their patience and look forward to seeing as many as we can at the shareholder meeting. Once the final vote is in, we will tally the total and get the notices of the annual meeting in the mail.
Sincerely,
Brad Goodspeed Director of New Products
Posted by beststocks on :
Watch this baby today with all updates that happened over the weekend. Very thin float...
Posted by beststocks on :
U.S.-Bound Supertanker Seized by Pirates Off Somalia (Update4) Share Business ExchangeTwitterFacebook| Email | Print | A A A By Alaric Nightingale and Gregory Viscusi
Nov. 30 (Bloomberg) -- The Greek-owned supertanker Maran Centaurus was seized by pirates off Somalia while heading to the U.S., as attackers venture ever farther from shore to hijack merchant ships.
It’s the second time Somali pirates have seized an oil supertanker, with the last incident a year ago leading to a record ransom and an increase in Western naval patrols.
Today’s hijacking is “probably” the farthest from shore by Somali pirates, said Cyrus Mody, a manager at the International Maritime Bureau in London. His organization has yet to verify details of the attack, he said.
The vessel, which can carry 2 million barrels of oil, was taken by Somali pirates in the Somali Basin about 600 nautical miles northeast of the Seychelles, the European Union anti- piracy naval force in the region said on its Web site today. The 28-man crew comes from Greece, Philippines, Ukraine, and Romania. The ship’s management said the vessel was fully laden with crude oil.
“We are surely getting closer to the day where nothing is safe anywhere between the Seychelles and Suez,” Jonathan Bruce, a partner and maritime law expert at Elborne Mitchell Solicitors in London, said in a telephone interview. “We’re seeing insurance companies extending their war risk zones.”
A caller from the vessel said all those on board are being well treated and the ship is heading for the area of Hobyo on Somalia’s Puntland coast, Maran Tanker Management said in a e- mailed statement. There were no armed security guards on board at the time of the attack, according to the statement.
Previous Seizure
Somali pirates last seized an oil tanker in November 2008 when they took the Saudi supertanker Sirius Star and its 2 million barrels of oil. It was released in January 2009 for a ransom that the U.S. Congressional Research Service estimated at $3 million, believed to be largest ransom paid to Somali pirates at that point. Some press reports said pirates received $3.5 million for the February 2009 release of the MV Faina, a Ukrainian ship loaded with Russian tanks and other weapons.
“We don’t really know what the most ever paid for a ship is because the pirates have a tendency to claim higher prices than what’s really paid,’ said Hans Tino Hansen, founder of Risk Intelligence, a Danish risk consultancy. ‘‘It’s in their interest to make ship owners think these are the going rates.”
The taking of the Sirius Star and Fiana spurred Western nations to increase their naval presence in the area. A year ago, there were about 15 warships off Somalia. Now there are about 25, with fleets from the European Union, North Atlantic Treaty Organization and a U.S.-led coalition dedicated to combating piracy.
UN Vote
In a previously scheduled vote, the United Nations Security Council voted 15-to-0 today to extend for one year its authorization for countries to combat piracy off the coast of Somalia and to chase pirates onto the territory of the African nation.
After a lull during the summer monsoon, Somali pirates have shifted their attacks to the Indian Ocean to avoid naval patrols in the Gulf of Aden, their previous focus.
Somali pirates have attacked ships 193 times this year, seizing 37 vessels, says the French Navy. With today’s hijacking, pirates are holding 12 ships and 252 seamen for ransom, the French Navy says.
In 2008, Somali pirates attacked 165 ships and seized 45, the French Navy says.
The declining success rate for pirates this year is partly due to the increased presence by warships from Europe, the U.S., and Asian countries. They’ve concentrated their patrols on the Gulf of Aden, a chokepoint to the Suez Canal used by 20,000 ships a year.
Gulf of Aden
Forced out of the narrower Gulf of Aden, Somali pirates have mastered the use of “motherships,” or converted second- hand fishing vessels that can travel hundred of miles out into the Indian Ocean to launch skiffs for the final assault on passing ships, Peter Pham, director of the African project at the National Committee on American Foreign Policy, a New York- based research center, said in a telephone interview.
While the Indian Ocean has many fewer merchant ships than the Gulf of Aden, it also has fewer naval patrols, he said.
“The pirates are now operating in an area the size of Europe where the naval forces are spread thin,” said Hansen. “That means that the pirates have an interest in attacking any ship that passes because they may not see another ship for a while, and it also means they have plenty of time to keep circling their prey until they find a way to board.”
Maran Centaurus is owned by Anangel Shipping Enterprises SA, according to Lloyd’s Register-Fairlay data on Bloomberg. The vessel was bound for the Louisiana Offshore Oil Port, or LOOP, according to ship-tracking data compiled by Bloomberg. Its last port of call was Mina Al Ahmadi in Kuwait.
Jenkins, the Simpson analyst, said the effect of the incident on the tanker market will be limited because the amount of oil being shipped west from the Middle East has already dropped, said Mark Jenkins, an analyst at Simpson, Spence & Young Ltd., the second-largest shipbroker.
To contact the reporters on this story: Alaric Nightingale in London at anightingal1@bloomberg.net; Gregory Viscusi in Paris at +33 gviscusi@Bloomberg.net.
Last Updated: November 30, 2009 12:38 EST
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How undervalued this company is?????So many investors ignoring true potential.But very soon when this company gets contract and company that is committed to share holder value and it is not diluting market those investors will chase tail of this baby.
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what is this company about? i want it at $.0001 lol...
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Radix Marine is looking at ways to use the corporate structure, publicly traded company benefits, and human resources to diversify the company into products and services that make sense for the current market conditions and company growth. One area we have explored is solar and wind energy. With a combined 75 years site development experience amongst the staff, we felt that this was natural diversification potential for the company.
The current economic benefits are a measurable income stream, marketable tax credits, measurable costs and a built in market for the produced power. This will help stabilize income for the company as the economic challenges spread world wide effecting patrol craft sales. The government has implemented many tax, financial, and market incentives as an inducement for the development of these farms. We have explored wind and solar farms over the last several years to develop parameters for potential projects. Recent advances in the technology, as well as an overall downturn in costs, has made it even more desirable to pursue such projects at this time. We continue to look at opportunities to find the proper mix of our existing corporate goals for the company as well as expand our income opportunities, both short and long term.
While not directly tied to the maritime industry, it does provide for an opportunity to build a stable income source that will help stabilize the ups and down of the international patrol craft industry. A fully developed Wind/Solar farm provides stable income for decades to come and can bring real value to the shareholders of the company in the long and short term. This, coupled with the years of site development experience of the staff, give Radix a real advantage in the market place to develop a successful Solar/Wind project. These farms, when built out, become “electrical ATM” of sorts for the owners. We can then operate, lease or sell the finished product to meet the goals of the company and add further shareholder value.
We are excited at the opportunities projects like this will bring to the company and its shareholders. Below is some statistics from Wickapedia relative to recent and future grown in the industry.
“As of October 2009, the installed capacity of wind power in the United States was 31,000 megawatts (MW) making it the world leader ahead of Germany, and wind power accounts for some 1.2% of the electricity generated in the United States Texas, with 8,797 MW of capacity, has the most wind power capacity of any U.S. state, followed by Iowa with 3,053 MW The Roscoe Wind Farm (780 MW) in Texas is the world's largest wind farm.
Over 8,500 MW of new wind power capacity was brought online in 2008, increasing the nation’s cumulative total by 50%. These new installations place the U.S. on a trajectory to generate 20% of the nation’s electricity by 2030 from wind energy, as long as there is continued government policy support for the industry. Growth in 2008 channeled some $17 billion into the economy, positioning wind power as one of the leading sources of new power generation in the country, along with natural gas. New wind projects completed in 2008 account for about 42% of the entire new power-producing capacity added in the U.S. during the year.
At the end of 2008, about 85,000 people were employed in the U.S. wind industry, and GE Energy was the largest domestic wind turbine manufacturer. Wind projects boosted local tax bases, and revitalized the economy of rural communities by providing a steady income stream to farmers with wind turbines on their land Wind power in the U.S. provides enough electricity to power the equivalent of nearly 9 million homes, avoiding the emissions of 57 million tons of carbon each year and reducing expected carbon emissions from the electricity sector by 2.5%.”
It is for these very reasons we continue to look at renewable energy as a great potential addition to the growth of the company in the coming years. We have put allot of time and energy into developing a plan that benefits the company while keeping the principal goals of the company in mind.
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Environmental Services As part of the overall marketing strategy for Radix Marine Inc, we have worked on several environmental products that fit well with the GB12. The GB12 offers unsurpassed reliability, performance and flexibility for today’s demanding commercial and government applications. This applies to both inland and open sea applications.
As oil becomes more difficult to extract in its present locations, efforts to open offshore fields will become enormous and eventually outweigh the political pressure not to develop these resources. It is for this reason we feel the GB12 can be part of an overall “pro active” solution to this threat of a close in coastal spill and eventual cleanup. A plan needs to be developed and implemented that allows for rapid deployment and quick “on scene” cleanup of an oil spill incident. No one wants to see the repeat of the Prince William Sound disaster and economic impact that followed. Industry was simply not poised to deal with such a disaster and it was allowed to spread well beyond reasonable containment.
It requires a well thought out, rapid and reliable solution. We feel the GB12 is perfect as an operational platform for such a product. We continue to explore products and services that can be adapted to the GB12 as a high tech solution to a growing potential environmental concern. A politically acceptable solution to this risk will have to be developed prior to any development of these offshore resources being allowed. We would like to be a part of the solution in this potential market.It requires a well thought out, rapid and reliable solution. We feel the GB12 is perfect as an operational platform for such a product. We continue to explore products and services that can be adapted to the GB12 as a high tech solution to a growing potential environmental concern. A politically acceptable solution to this risk will have to be developed prior to any development of these offshore resources being allowed. We would like to be a part of the solution in this potential market.
Simply put, the GB12 is a workhorse that is perfect for this application with the proper technology applied. We will continue to seek a product that will help us meet these goals and provide an environmental use of the vessel for clean up applications.
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On watch for huge 2010
Posted by Love the Market on :
Pirates seize 2 more ships off Somalia’s coast Cargo ship, chemical tanker are hijacked within hours of each other
updated 8:12 a.m. ET, Sat., Jan. 2, 2010 LONDON - A British-flagged cargo ship and a chemical tanker from Singapore have both been hijacked by pirates in the perilous waters off the coast of Somalia, officials said Saturday.
The Asian Glory highjacking occurred late Friday roughly 600 miles east of Somalia, according to Commander John Harbour, a spokesman with the European Union task force charged with combating piracy off Somalia.
That same day, the Singaporean-flagged Pramoni, a chemical tanker with a crew of 24, was seized by pirates in the Gulf of Aden, one of the world's busiest waterways.
Harbour said the Asian Glory's crew of 25 appeared to be safe and that the pirates had not yet made contact with the ship's owner, Zodiac Management Agencies.
"The standard procedure for the pirates is to get the ship back to their stronghold and then contact the owner," he said.
He said the ship was bound for, but had not yet entered, the internationally recognized travel corridor patrolled by EUNAVFOR, as the European Union mission is known, when it was hijacked.
"They were still outside the patrolled area," Harbour said.
He said the crew included 10 Ukrainians, nine Bulgarians, five Indians and two Romanians.
A spokesman for Zodiac Management Agencies confirmed the Asian Glory hijacking and said Saturday the crew's families were being notified. Out of concern for the crew's safety, the company said it would limit the information it released.
Click for related content Somali pirates behind Kenya property boom?
Zodiac was also hit earlier this week when its ship the St. James Park was hijacked. A statement on the company's Web site indicated Saturday that the vessel is now anchored off the coast of Somalia.
The company said it has not yet been contacted by the pirates holding the St. James Park and its 26-person crew.
There have been repeated acts of piracy against international shipping in the area in recent years despite the deployment of a special EU mission aimed to lessen the danger to international shipping.
Officials said the Pramoni was traveling east toward India when it was seized by pirates on Friday. The ship's master reported on VHF that the crew was safe. The vessel is now heading toward Somalia as well.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Somali pirates free oil tanker for record ransom Buzz up!0 votes Send Email IM .Share Delicious Digg Facebook Fark Newsvine Reddit StumbleUpon Technorati Twitter Yahoo! Bookmarks .Print .. AFP/Maran Tankers/Ho – The Greek-flagged tanker Maran Centaurus. Intense fighting between Somali pirate gangs over a record … . Slideshow:Somali Pirates . Play Video Kenya Video:Cleric arrest sparks Kenya clashes Reuters . By Abdi Guled and Abdi Sheikh Abdi Guled And Abdi Sheikh – Mon Jan 18, 12:52 pm ET MOGADISHU (Reuters) – Somali pirates freed a Greek-flagged tanker carrying 2 million barrels of oil for a record ransom on Monday and witnesses said four pirates were killed in a clash between rival groups over the cash.
The release of the ship came a day after the money was dropped onto its deck.
The Maran Centaurus was seized on November 29 with 16 Filipinos, nine Greeks, two Ukrainians and a Romanian on board. An aircraft dropped a ransom believed to be between $5.5 million and $7 million onto the vessel on Sunday, officials said.
"We have agreed to solve our disagreements and release the ship. It is free and sailing away now," one of the pirates, Hassan, told Reuters by telephone. "The crew are all safe." Another pirate and a regional maritime official confirmed that the tanker, hijacked near the Seychelles archipelago in the Indian Ocean, had been freed on Monday.
The ransom dwarfed sums paid previously for vessels held by Somali sea gangs. A dispute between two rival pirate groups over the spoils had delayed its release.
Ecoterra International, a Nairobi-based group that monitors shipping off Somalia, said two pirates had been killed in a gunbattle with a rival gang as they returned to shore.
"The stash of the record-breaking ransom ... is reportedly now held in a heavily guarded house in Haradheere," it said, adding that the pirate-run port was now very tense because the sharing of the funds had not yet taken place.
"(The) pirates bragged that they even had dished out $500,000 to the crew for what they call 'good co-operation'."
Four pirates were killed and three others injured when one group attacked another on Monday evening for failing to give them their share of the ransom, pirates and locals said. They added that piracy financiers were also involved in the fighting.
"I have seen four dead men on a street in the town," Haradheere resident Abdisalan Abdi told Reuters by phone.
SHIPOWNER "DELIGHTED"
On Sunday, pirates on board the tanker and rivals in speedboats fired at each other in a tussle for control of the vessel before the ransom was due to be delivered.
The pirates in the speedboats had threatened to set fire to the vessel unless they received a share of the spoils.
Pirates on another hijacked ship nearby and local elders onshore told Reuters helicopters from Western navies patrolling the waters off Somalia fired at the speedboats, driving them from the area before the cash was dropped.
The Greek owner of the tanker, Maran Tankers Management Inc., said in a statement from Athens it was "delighted" the ship, its crew and cargo had been freed and were now under naval escort to a safe port.
"Maran Tankers Management Inc. will not be releasing any details of the talks which led to the release of the vessel, as they do not wish to provide any information which might in any way encourage further criminal acts of this kind," it said.
A $3 million ransom was paid for the release of another oil tanker, the Sirius Star, in January 2009. Similar sums have been paid subsequently for the release of merchant vessels.
Worldwide, piracy attacks rose nearly 40 percent in 2009, with Somali pirates accounting for more than half of the 406 reported incidents, according to the International Maritime Bureau.
Typically, the pirates hold the captured ships and crews hostage until ransoms are paid.
The International Chamber of Shipping, which represents 75 percent of the global seaborne industry, said on Monday it felt deepening frustration at the "impotence" of the international community in combating the growing piracy in the Indian Ocean.
"If a similar number of aircraft passengers had been taken hostage there would undoubtedly have been a more robust response," its chairman Spyros Polemis said.
"It is extraordinary that governments today seem less able to protect shipping than they were almost 200 years ago."
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