posted
November 10, 2005 09:45 AM US Eastern Timezone
SSWM Management to Thank Puebla Governor and Open Second Mexico Office
CARLSBAD, Calif.--(BUSINESS WIRE)--Nov. 10, 2005--Sub-Surface Waste Management of Delaware, Inc. (OTCBB:SSWM), announced that its CEO will meet with Governor Mario Marin Torres of the State of Puebla, Mexico to thank him personally for the allocation of approximately $365,000 to conduct an environmental site assessment of strategic petroleum bulk storage facilities in Ciudad Puebla awarded to SSWM Mexico subsidiary company Environmental Tec International, S.A. de C.V. (ETI) on a sole source basis. SSWM will also finalize plans for opening its second office in Mexico.
Bruce Beattie, CEO stated, "Our management team will also meet this week with the chief environmental engineer for the State of Puebla Secretary of the Environment and Natural Resources to collect historic and recent data for the site(s) to be addressed under this contract to begin the process of drafting a scope of work for the detailed phased investigations to determine the optimum approach to remediate the on-going hydrocarbon releases to surrounding communities at major petroleum bulk storage facilities serving Ciudad Puebla. An environmental audit conducted in 2003 by PROFEPA, the Federal Government Environmental Protection Agency, clearly substantiated major infiltrations of gasoline from bulk petroleum storage facilities into the subsoil and the water table. ETI will quantify the environmental problem and provide engineering design and project cost for a comprehensive community remediation program. The report will be presented directly to the Governor for review and subsequent funding of the recommended implementation."
About Sub-Surface Waste Management
Sub-Surface Waste Management Inc. is a majority owned subsidiary of U.S. Microbics, Inc. (OTCBB: BUGS) and provides comprehensive civil and environmental engineering project management services including specialists to design, permit, build and operate environmental waste clean-up treatment systems using conventional, biological and filtration technologies. SSWM is capitalizing on its patented technologies registered in Mexico with SEMARNAT a Federal regulatory agency overseeing environmental compliance nationwide.
Investors and media contact Bruce Beattie at 760/918-1860, ext. 105 or bbeattie*bugsatwork.com; or learn about the company by visiting its Web site at http://www.bugsatwork.com.
The information contained in this press release includes forward-looking statements. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "expect" or similar expressions that involve risks and uncertainties. These risks and uncertainties include the company's status as a startup company with uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, dependence on technological developments and protection of its intellectual property. The company's actual results could differ materially from those discussed herein. Factors that could cause or contribute to such differences are discussed more fully in the "Risk Factors," "Management's Discussion and Analysis or Plan of Operation" and other sections of the company's Form 10-KSB and other publicly available information regarding the company on file with the Securities and Exchange Commission. The company will provide you with copies of this information upon request.
-------------------- I'm a genius at 16. Believe it.
IP: Logged |
posted
First off Tiffany, you'll need level 2's in order to see ARCA on the bid and the Ask. When I refer to ARCA, I mean the person/people that has the buy/sell order in for ARCA.
This is my belief:
ARCA has some big buy orders in there on the bid as far down as .023 that I know of possibly farther down. Whenever it looks like BUGS may start to climb in share price, the person behind ARCA on the ask puts in a sell order just above the current ask, or on the ask if BUGS starts to stall. The size of the order appears larger than the other sell orders on the L2's. This causes some shareholders to panic and sell into the bid eventually, or someone(possibly ARCA) sells a minimum amount of shares on the bid to try and keep the share price down and creates a false sense that the share price may be falling and that the run is over. After the share price appears to be coming down, ARCA pulls the sell order.
This is all my opinion of course, and cannot be proven as we are unable to see who is actually selling small amounts of shares into the bid.
I have come up with this assumption after watching BUGS day after day for over 1 month on the L2's.
In BUGS' case, why does one market maker(ARCA) always show a bigger hand than all the rest. That is the question that we're trying to answer. My opinion stands.
quote:Originally posted by Peaser01: That is true at times as well.
In BUGS' case, why does one market maker(ARCA) always show a bigger hand than all the rest. That is the question that we're trying to answer. My opinion stands.
Well, it would appear ARCA has one Mother of a clients order to fill.
But trying to figgure MM'S out, is very tricky at best.
IP: Logged |
posted
So, ARCA is holding BUGS down until they get a very large order filled? That sounds extremely bullish to me. No wonder we didn't get a huge pop on that contract estimate news. I guess that I can wait. I see us going over .15/share and possibly much higher short term. What do you guys think?
IP: Logged |
posted
As soon as I put in a sell order at .026 they got scared and pulled out the carpet. Then I entered a sell at .025 with 2 market makers left on the bid at .025 and I got shafted. So I pulled my order, and am still holding a minute amount of shares. Looking for .02
posted
Now.. don't you guys go and beat up on me...LOL, but that gap is getting closer and closer....I think it has a good shot at filling it then it should move back up....
-------------------- Raptor----Don't confuse bad luck with bad judgement
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Smile]](smile.gif)
