LMLYP
4 years ago
I am somewhat certain that the idea of a share buyback was presented to them, as opposed to us girls just gossiping amongst ourselves prior to their first annual shareholder meeting. There was interest from some ladies to get a seat or seats on the board of directors because of the cash position, but it was reconsidered since PCHM was doing so well and were pro-management.
We were hoping they had the insight to make insider purchases. But like you said, none of this would have been disclosed. We don't know how many shares insiders own.
Even though the first ESOP was voted down, I believe that prior to the vote there was an 800,000 share day and volume days after that the company used to sell shares from their treasury and then repurchased in the open market to have shares for the ESOP. Now can you tell me if this accounts for the more newly reported increase of "fully diluted shares" a year later?
The company can pick and choose what court decisions they put on the website, so we will never know if they lost a case. You have to find tidbits along the way.
All I can tell you is my uncertain understanding to guesswork. There is information hidden in filings about the investments, and subsequent write-offs, of this division.
Was any of this the point of your sentence?
I hope that comment didn't inspire a buy at .0259.
MR. McBALL$
11 years ago
Alanco Wins Landmark County Approval for Western Colorado’s First Oil & Gas Waste Disposal Landfill to Include Naturally-Occurring Radioactive Material (NORM) O&G Wastes
Alanco Technologies, Inc. (OTCBB: ALAN) announced that on December 10, 2013, the Mesa, Colorado County Board of Commissioners unanimously approved a proposal for the Company’s Alanco Energy Services (AES) subsidiary to construct and operate on its 160 acre Indian Mesa site near Grand Junction, Colorado, an 80 acre, 3 million cubic yard capacity landfill for disposal of solid oil & gas (O&G) waste, such as drill cuttings, tank bottoms, sock filters, etc. Significantly, the landfill approval also allows for disposal of Naturally-Occurring Radioactive Material (NORM) contaminated O&G wastes, including both solids and produced water. This new County landfill approval is in the form of an amendment to AES’s initial Indian Mesa permit issued in 2010 approving produced water disposal utilizing evaporation ponds.
AES expects final construction approval from the Colorado Department of Public Health and Environment (CDPHE) in February 2014 for Indian Mesa’s produced water disposal ponds, which will consist of 12 ponds on the north 80 acres of the 160 acre site with an annual evaporative capacity in excess of 1 million barrels of produced water. Construction approval for Indian Mesa’s south 80 acre landfill operation is expected by fall 2014. Completed build-out of the Indian Mesa facility, including both landfill and evaporative ponds, will result in a unique Western Colorado “one stop shop” for all O&G waste products, including NORM contaminated waste streams.
Update: AES’s Deer Creek Facility
Now over one year in commercial operation, AES’s Deer Creek produced water disposal facility, located approximately 4 miles southeast of the AES Indian Mesa site, with evaporative capacity of approximately 300,000 barrels annually, is providing Piceance Basin producers with outstanding service and significant transportation cost savings.
Further improvement in AES’s Deer Creek customer service capability was facilitated on November 12, 2013 by the Mesa County Board of Commissioners approval of an amendment to Deer Creek’s County Use Permit, allowing 24/7 operation versus the previously restricted daylight hours only, and no Sunday operation. The new 24/7 operating permit proved its value on Sunday, December 15, 2013, when the Deer Creek facility recorded and processed a record 38 truckloads of produced water, averaging 130 barrels per truck.
Bob Kauffman, Alanco CEO, commented, “While Mesa County’s unanimous approval of our proposed Indian Mesa landfill is a very important milestone in our development of AES’s Colorado O&G waste disposal business, the inclusion of NORM disposal capability may well prove to be the pivotal outcome. The State of Colorado is in the forefront of recent activity to develop new regulations for permanent disposal of NORM contaminated waste products, most particularly O&G waste materials due to volume and projected growth. We believe that new, more restrictive NORM regulations will be imposed on Colorado oil and gas producers within 12-18 months, which will result in a multi-million dollar market opportunity for approved, logistically attractive NORM O&G disposal facilities. Currently, the only disposal site in the State of Colorado permitted to receive NORM waste is Clean Harbor’s Deer Trail facility in Eastern Colorado. Indian Mesa is anticipated to be the first 'one stop shop' NORM O&G disposal facility in Western Colorado serving Piceance Basin producers, and poised to provide exceptional future value to both potential customers and AES.”
EXCEPT FOR HISTORICAL INFORMATION, THE STATEMENTS CONTAINED IN THIS PRESS RELEASE ARE FORWARD-LOOKING STATEMENTS MADE PURSUANT TO THE SAFE HARBOR PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. ALL SUCH FORWARD-LOOKING STATEMENTS ARE SUBJECT TO, AND ARE QUALIFIED BY, RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE EXPRESSED OR IMPLIED BY THOSE STATEMENTS. THESE RISKS AND UNCERTAINTIES INCLUDE, BUT ARE NOT LIMITED TO, REDUCED DEMAND FOR OUR PRODUCTS; COMPETITIVE PRICING AND DIFFICULTY MANAGING PRODUCT COSTS; DEVELOPMENT OF NEW TECHNOLOGIES; RAPID INDUSTRY CHANGES; FAILURE OF AN ACQUIRED BUSINESS TO FURTHER THE COMPANY’S STRATEGIES; THE ABILITY TO MAINTAIN SATISFACTORY RELATIONSHIPS WITH LENDERS AND REMAIN IN COMPLIANCE WITH FINANCIAL COVENANTS AND OTHER REQUIREMENTS UNDER CURRENT BANKING AGREEMENTS; AND MARKET RISK ASSOCIATED WITH HOLDING ORBCOMM STOCK.
Copyright Business Wire 2013
Source: Business Wire (December 17, 2013 - 2:51 PM EST)
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Cakeman28
13 years ago
Monday, December 12 2011 6:41 PM, EST Alanco Announces Stock Repurchase Program Business Wire "Press Releases - English"
SCOTTSDALE, Ariz. --(BUSINESS WIRE)-- Alanco Technologies, Inc. (OTCBB: ALAN.OB) announced today that its board of directors has authorized the Company to repurchase up to 2 million shares of its outstanding common stock over the next 12 months utilizing the Companys available cash resources. The timing and amount of future share repurchase will be determined by the Company management and primarily based upon market conditions and share price. The Company may suspend or discontinue repurchase at any time.
EXCEPT FOR HISTORICAL INFORMATION, THE STATEMENTS CONTAINED IN THIS PRESS RELEASE ARE FORWARD-LOOKING STATEMENTS MADE PURSUANT TO THE SAFE HARBOR PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. ALL SUCH FORWARD-LOOKING STATEMENTS ARE SUBJECT TO, AND ARE QUALIFIED BY, RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE EXPRESSED OR IMPLIED BY THOSE STATEMENTS. THESE RISKS AND UNCERTAINTIES INCLUDE, BUT ARE NOT LIMITED TO, REDUCED DEMAND FOR OUR PRODUCTS; COMPETITIVE PRICING AND DIFFICULTY MANAGING PRODUCT COSTS; DEVELOPMENT OF NEW TECHNOLOGIES; RAPID INDUSTRY CHANGES; FAILURE OF AN ACQUIRED BUSINESS TO FURTHER THE COMPANYS STRATEGIES; THE ABILITY TO MAINTAIN SATISFACTORY RELATIONSHIPS WITH LENDERS AND REMAIN IN COMPLIANCE WITH FINANCIAL COVENANTS AND OTHER REQUIREMENTS UNDER CURRENT BANKING AGREEMENTS. THE COMPANYS RISKS INCLUDE BUT ARE NOT LIMITED TO COSTS RELATED TO THE PROPOSED TRANSACTION; FAILURE TO OBTAIN THE REQUIRED APPROVAL OF THE ALANCO SHAREHOLDERS; RISKS THAT THE CLOSING OF THE TRANSACTION IS SUBSTANTIALLY DELAYED OR THAT THE TRANSACTION DOES NOT CLOSE; AND MARKET RISK ASSOCIATED WITH HOLDING THE ORBCOMM STOCK.
Alanco Technologies, Inc. John Carlson , 480-505-4869
Source: Alanco Technologies, Inc.