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Author Topic: COIN Deal with Walmart O/S 32m .80
jdizz
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and you are right about the news...

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dont make yourself loose money in a stock that you had a resonable profit in

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invester
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Oh Ya!!!!!!!!!!!!


Converted Organics Inc COIN(D*):NASDAQ *Financial Status Indicator is Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements Education help is ON .Sector: Basic Materials Industry: Chemical Manufacturing
1.11 0.2079 23.05% 5,129,818 Last Trade as of 10:03 AM ET 1/13/10 Trade
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Converted Organics Inc. (NASDAQ:COIN) announced today that, in connection with previously-received orders from Walmart announced last week, the Company has also received orders for its all-natural, organic fertilizers from Sam's Club of Puerto Rico and the Amigos supermarket chain of Puerto Rico. Both Sam's Club and Amigos are affiliates of Walmart. All orders were received by Matosantos Commercial Corporation, the Company's exclusive distributor in the Caribbean.

"Interest in Converted Organics' organic fertilizer products continues to grow in Puerto Rico and throughout the Caribbean," said Geronimo Matosantos, Executive Vice President of Sales and Marketing for Matosantos Commercial Corporation. "The outstanding effectiveness and environmentally-friendly profiles of Converted Organics' products are very attractive to home owners."

"Converted Organics is very pleased that sales of our organic fertilizer products continue to increase in Puerto Rico with these newest orders from Sam's Club membership warehouse and Amigos, a well-respected supermarket chain with stores throughout the country," said Edward J. Gildea, President of Converted Organics. "Converted Organics is committed to continuing to expand our presence throughout the Caribbean in 2010."

About Sam's Club

Sam's Club is a division of Wal-Mart Stores, Inc., (NYSE:WMT). The first Sam's Club opened its doors in Midwest City, Okla., in 1983. Today, Sam's Club serves more than 47 million U.S. Members with locations nationwide, as well in Brazil, China, Mexico and Puerto Rico. Sam's Club saves its members on average 30.4 percent over grocery and specialty retailers by offering superior values on quality merchandise and services for home or work. Saving is made simple at Sam's Club. Visit samsclub.com for more information.

About Converted Organics Inc.

Converted Organics (NASDAQ:COIN, www.convertedorganics.com), based in Boston, MA, is dedicated to producing high-quality, all-natural, organic soil amendment and fertilizer products through food waste recycling. The Company uses its proprietary High Temperature Liquid Composting (HTLC) system, a proven, state-of-the-art microbial digestion technology, to process various biodegradable food wastes into dry pellet and liquid concentrate organic fertilizers that help grow healthier food and improve environmental quality. Converted Organics sells and distributes its environmentally-friendly fertilizer products in the retail, professional turf management, and agribusiness markets.

Converted Organics' flagship manufacturing facility is located in Woodbridge, New Jersey. A second manufacturing site is located in Gonzales, California. Converted Organics' products have been tested in numerous field trials for more than a dozen crops with the result that, on average, the net value of the farmer's crop increased 11-16 percent, depending on the particular crop and product application. This is due, in part, to the disease suppression characteristics of the product, which reduce or eliminate the need for other costly, often toxic, crop protection applications. In a number of lab and field trials, Converted Organics' liquid product has been shown to be effective in mitigating powdery mildew, a leaf fungus that affects most plants and grasses and restricts the flow of water and nutrients to the plant. Increased use of nitrogen in commercial agriculture and turf grass applications, such as on golf courses, has reduced the soil's ability to absorb nitrogen and other nutrients. Using the products produced by Converted Organics helps restore the soil by replenishing these micronutrients. This reduces the amount of nitrogen required in a virtuous cycle that benefits from long-term use. As a result, use of the product reduces chemical run-off to streams, ponds and rivers, an objective with significant long-term benefits to the environment.

Converted Organics' products have a long shelf life compared to many other organic fertilizers. The Company's fertilizer products can be used on a stand-alone basis or in combination with more traditional fertilizers and crop protection products. Converted Organics expects to benefit from increased regulatory focus on organic waste processing and on environmentally-friendly growing practices.

This press release contains forward-looking statements that are subject to risks and uncertainties. These forward-looking statements include information about possible or assumed future results of our business, financial condition, liquidity, results of operations, plans and objectives. In some cases, you may identify forward-looking statements by words such as "may," "should," "plan," "intend," "potential," "continue," "believe," "expect," "predict," "anticipate" and "estimate," the negative of these words or other comparable words. Forward-looking statements include the ongoing customer demand for the Company's products and the Company's ability to continue to become more efficient in its operations. These statements are only predictions. One should not place undue reliance on these forward-looking statements. The forward-looking statements are qualified by their terms and/or important factors, many of which are outside the Company's control, involve a number of risks, uncertainties and other factors that could cause actual results and events to differ materially from the statements made. The forward-looking statements are based on the Company's beliefs, assumptions and expectations of our future performance, taking into account information currently available to the Company. These beliefs, assumptions and expectations can change as a result of many possible events or factors, including those events and factors described in the "Risk Factors" section in the Company's most recently filed annual report on Form 10-K, as updated in the Company's quarterly reports on Form 10-Q filed since the annual report, not all of which are known to the Company. Neither the Company nor any other person assumes responsibility for the accuracy or completeness of these statements. The Company will update the information in this press release only to the extent required under applicable securities laws. If a change occurs, the Company's business, financial condition, liquidity and results of operations may vary materially from those expressed in the aforementioned forward-looking statements.

COIN-G

SOURCE: Converted Organics Inc.

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sju1973
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We're rockin. Volume looks great.
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invester
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Sams club!!!!
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sju1973
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Great news!
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jdizz
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invester do you see this product hitting the united states? i dont think it is yet..

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dont make yourself loose money in a stock that you had a resonable profit in

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invester
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Walmart will typically have test markets before they expand through there entire network. This second order from a subsidiary "Sams Club" tells me its doing very well. I think it will be in the US shortly. This is the most nitch product I've seen. Everyone is working on renewable energy. There working on renewable Potash/Fertilizer. Its huge.
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invester
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Converted Organics Announces Organic Fertilizer Orders from Sam's Club, Amigos Supermarkets
15 minutes ago - Businesswire

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invester
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7.1 million volume Only 32 million O/S This will be at $5 soon
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jdizz
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ok so im guessing you will be holding until it hits $5+.. even though sams club and walmart are owned by the same person, it is still good it is in both stores!

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dont make yourself loose money in a stock that you had a resonable profit in

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invester
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quote:
Originally posted by jdizz:
ok so im guessing you will be holding until it hits $5+.. even though sams club and walmart are owned by the same person, it is still good it is in both stores!

I just said that "This second order from a subsidiary"
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jdizz
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ok sorry

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dont make yourself loose money in a stock that you had a resonable profit in

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sju1973
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quote:
Originally posted by jdizz:
invester do you see this product hitting the united states? i dont think it is yet..

Their products ARE available in the US at Home Depot & Whole Foods mostly on the East Coast.

Just not Walmart or Sam's Club yet.

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jdizz
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sweet thanks sju

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dont make yourself loose money in a stock that you had a resonable profit in

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jdizz
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looks like alot of shares being baugh through the company lately!

http://ir.convertedorganics.com/sec.cfm

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dont make yourself loose money in a stock that you had a resonable profit in

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invester
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"Their products ARE available in the US at Home Depot & Whole Foods mostly on the East Coast. "


Thats right!

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invester
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$1.23
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jdizz
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just talked to jim from ir (Jeff please call me 713-256-0369. Thanks Jim) he didnt say too much but what he did say is that there is going to be a whole lot more stores selling their product than last year..

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dont make yourself loose money in a stock that you had a resonable profit in

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invester
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18 million traded before noon. This will be at $1.30-$1.40 by close
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jdizz
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they just sent me a pretty interesting power poing, does anyone know how to send a pdf file?

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dont make yourself loose money in a stock that you had a resonable profit in

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invester
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quote:
Originally posted by jdizz:
they just sent me a pretty interesting power poing, does anyone know how to send a pdf file?

Can you just open it, copy, then paste it to the Allstock page?
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invester
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I thought it would have had a little more of a lunch time pullback. Looks like we might hit $1.40-$1.50 close.
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sju1973
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I did too invester. It's holding its own though. Very nice pick.
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invester
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21.5 million on a 32 million O/S I'm looking for a several day rally before pullback.
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invester
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Based on the chart, it should bounce $1.15.
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jdizz
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its like 25 pages long.. its a slide show

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dont make yourself loose money in a stock that you had a resonable profit in

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invester
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Today's Big Gainers: MRNA, COIN, OEH
6 minutes ago - Marketnewsvideo.com

Related Companies
Symbol Last %Chg
COIN 1.15 27.49%
MRNA 1.44 51.75%
WMT 54.93 0.37%
DB 73.63 -0.63%
OEH 10.94 8.86%

As of 2:51 PM ET 1/13/10
This morning, MDRNA (MRNA) announced positive test results from its bladder and liver cancer treatments. The treatment targets the genes responsible for tumor growth in bladder and liver cells and results released this morning showed reductions in tumors growth. On the news, shares of MDRNA were trading sharply higher, up more than sixty percent.

Converted Organics (COIN) raced higher Wednesday mornin on the news it had received new orders for its all-natural organic fertilizer from both Sam's Club of Puerto Rico and the Amigos supermarket chain of Puerto Rico. Both retailers are affiliates of Wal-Mart, who also announced last week that it would be stocking its shelfs with Converted Organics fertilizer products. In morning trading, shares of COIN were trading higher by more than thirty five percent.

And Orient-Express Hotels (OEH) saw its shares rallying this morning following the pricing of its stock offering. The company priced 12 million Class A shares at $10.00 each, plus an additional 1.8 million to cover over-allotments. Deutsche Bank and Barclays are acting as joint book-running managers for the offering and the company is expected to receive net proceeds of $114 million before the over-allotment. Shares of Orient-Express Hotels were showing strong gains today, up more than eight percent on the news.

The preceeding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=201001BigGainers011310&mv=1.

http://www.marketnewsvideo.com/

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invester
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Up 25% $1.13 Based on the volume, that close made no sense. MM's collecting after the news.
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invester
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$1.15 A/H
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sju1973
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Not a bad close over all though. Could have been a huge sell off.
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invester
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This will be $5 very soon. That would be a market cap of $150 million in this space, with there saturation. If they explode, which I think they will, $1.5 billion would be a $50 stock.
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dowjones
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Wish I had of gotten in on this earlier! Went with MDCE.OB instead and got off of that quick, fast and in a hurry with a nice little gain. COIN is definitely on my watch list.

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"One Penny Stock Away From Retirement"

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invester
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This company's a big deal. One of the better ones I've found. Couple that with the extremely low float, the $5 short term target is definitely there.
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invester
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$1.14B
$1.15A

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invester
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Gaping.
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