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O2Diesel - Deel 2

1.760 Posts
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  1. [verwijderd] 19 oktober 2007 13:44
    quote:

    SPIKY schreef:

    lekker is dat weer
    Yep, ik noemde toch een paar dagen terug 3 redenen voor de stijging, het was dus nr.3 of nr4 die erg veel op nr.3 lijkt---------->warrants.

    En wij weten niet eens hoeveel er prive verkocht zijn want daar gebeurt de echte grote handel he......

    The selling shareholders may offer their shares of common stock through public transactions executed through one or morebroker-dealers at prevailing market prices or in private transactions directly with purchasers or at privately negotiated prices. Fora description of the plan of distribution of the shares see page 29 of this prospectus.
  2. [verwijderd] 23 oktober 2007 18:29
    quote:

    robertix schreef:

    [quote=SPIKY]
    Volume is toch weer hoog
    [/quote]
    En vandaag weer, ik zie alweer 51 centen op de borden met 372.000 st. nie sleg!
    Energenics Invests $2 Million to Secure Rights for O2Diesel's Technology for the Rapidly Expanding Indian and Asian Markets via a Joint Venture and Places a $2.2 Million Order

    October 23, 2007: 11:08 AM EST

    O2Diesel Corporation (AMEX: OTD) today announced that it has entered into a Joint Venture agreement with Singapore-based Energenics Holdings Pte Ltd. that secures Energenics' rights to O2Diesel's patented fuel technology in the Indian, South East Asia and Asia Pacific regions. This territory represents markets where Energenics has experienced increased interest and rapidly expanding demand over the last year for its cleaner burning ethanol diesel blended fuel marketed as "EnerDiesel -- Powered by O2."

    The transaction consists of a payment of $750,000 to acquire a 50% interest of O2Diesel Asia Ltd, an Irish company that will have an exclusive license for O2Diesel's patents and know-how in India, South East Asia, and Asia Pacific; a payment of $1,250,000 to purchase stock and warrants in O2Diesel Corporation at a 5% and 6% premium to the previous day's closing price on the date of signing and a number of performance-based warrants.

    In addition, Energenics has placed an irrevocable order for $2,200,000 million of O2D05, the company's proprietary fuel additive technology, to be drawn down over the next twelve months.

    Alan Rae, CEO of O2Diesel Corporation, said, "This is an extremely important venture for O2Diesel. We are excited to continue the momentum we have achieved since we started working with Energenics eighteen months ago. We expect to build on the phenomenal success they have already achieved in India, a market which we believe has huge growth potential, and the joint venture should solidify our foothold in this and other targeted emerging markets. We believe that the scale of Energenic's commitment and the size of this order validates the commercial potential for O2Diesel technology as a viable, alternative, clean fuel technology and this joint venture fits perfectly with our strategy of working closely with strategic local partners to develop new global markets. We could not have a better partner for India and Asia than Energenics. Their commitment to providing the regulatory support and physical infrastructure necessary to build substantial commercial markets as they have done in India is tremendous, going far beyond the millions of dollars being invested by them in blending and delivery infrastructure to facilitate rapid adoption and expansion."

    Ronen Hazarika, Managing Director of Energenics, commented, "In the twelve months since we entered into our agreement with O2Diesel, we have invested heavily in developing and installing the blending units for the state bus fleet in Karnataka, India. We anticipate having their entire fleet of greater than 17,000 buses, running on EnerDiesel by May 2008 at which point we would be using 2,000,000 litres of O2Diesel product annually. The positive response from the fleet operators and local communities, who have benefited from much better air quality, has driven us to deploy additional capital to expand the infrastructure to ensure a rapid roll out and secure the exclusive rights for the region. In parallel, we have been developing opportunities in three other Indian states, Australia, Singapore, Thailand and South Africa and we are highly optimistic about the potential in these additional markets. We have been very impressed by the ease in which a fleet as large as that of Karnataka, has been converted to this cleaner burning ethanol diesel fuel blend and therefore believe that this fuel is an economic and immediately implementable solution for many emerging markets."

    The parties entered into an agreement where Energenics, who has an existing supply and distribution agreement with O2Diesel for the territories, dated September 2006, agreed to pay O2Diesel $750,000, for a 50% equity interest in O2Diesel Asia Limited, a joint venture company through which the parties will develop the market within the territories. O2Diesel Europe Limited, a wholly owned subsidiary of O2Diesel, will license the patents and know-how to O2Diesel Asia in exchange for certain payments pursuant to the Shareholders Agreement. In addition, O2Diesel will enter into a License agreement with O2Diesel Asia, pursuant to which O2Diesel will pay to O2Diesel Asia a royalty based on the sales of O2Diesel's product in the territory,

    The parties also entered into a Common Stock and Warrant Purchase Agreement pursuant to which Energenics agreed to purchase 2,551,020 shares of common stock at a price of $0.49 per share and a warrant to purchase 1,275,510 shares of common stock at an exercise price of $0.50 per share in a private placement, for total proceeds of approximately $1.25 million. The warrant is exercisable from the date that is six months to following the date of issuance until October 17, 2012.

    As part of the transaction, upon the purchase and payment of certain amounts of O2D05 or the equivalent, O2Diesel will issue warrants to purchase up to 1,500,000 shares of common stock at an exercise price of $0.50 per share, which warrant is exercisable during the period from the date of issuance until October 17, 2012.

    Also, as part of the transaction, O2Diesel will issue additional warrants to purchase up to an aggregate of 6,500,000 shares of common stock at a price per share equal to the lesser of $0.50, or 106% of the closing price per share (rounded to the nearest cent) of O2Diesel's common stock on the American Stock Exchange on the date such warrants are earned, and are exercisable from the date of issuance to October 17, 2012.

    The parties expect to close the transaction by October 27, 2007.

    About Energenics

    Energenics is a supplier of alternative energy solutions and technologies providing customers access to switched or phased renewable fuels programs that enable energy and emission reductions at zero or minimal capital cost compared to existing technologies.

    Their mission is to identify, invest, source, validate and commercialize energy technology.

    Energenics has a strong customer base comprising transportation groups, mining companies, and port and marine operators throughout the Asia Pacific region. Our goal is to improve the use of conventional energy sources, reduce emissions and ultimately, phase in the use of alternative energy solutions to benefit the environment and our customers.

    Energenics' strategy is to become the Asia Pacific's first truly integrated supplier of innovative technologies to help meet targets in energy reduction and climate change in mobile and stationary sources. This will enable us to penetrate deep into the various MNCs established in the Asia Pacific region.

    Energenics has an efficient team of highly skilled engineers and professionals. Using our extensive industry experience and drawing on our legal, government, intellectual property, technical, CO2 emissions trading and commercial know-how, the Energenics team is able to identify our customers' needs and provide the exact solution through a combination of our "best of breed" technologies, delivering emission control and renewable energy solutions across the company's operating territory.
  3. forum rang 4 Nel 15 november 2007 19:45
    Press Release Source: O2Diesel Corporation

    O2Diesel Announces Third Quarter Financial Results and Operations Update
    Thursday November 15, 9:26 am ET

    NEWARK, DE--(MARKET WIRE)--Nov 15, 2007 -- O2Diesel Corporation (AMEX:OTD - News), a pioneer in the development of cost-effective, cleaner-burning diesel fuels for centrally fueled fleets of all types, announced today financial results for the period ended September 30, 2007, and an operational update for the third quarter of 2007.
    Key milestones achieved during the third quarter of 2007 included the following:


    -- The Company announced a joint venture with Energenics to develop the
    expanding Indian and Asian markets. The transaction included an irrevocable
    order for $2.2 million of the Company's additive, a $750,000 payment to
    purchase a 50% interest in O2Diesel Asia Ltd. and a $1.25 million
    investment in the Company's common stock and warrants.
    -- A third fleet operator at the Port of Long Beach switched to
    O2Diesel(TM) during the quarter. This customer is one of the largest at the
    Port and its fuel requirements are expected to double the sales of
    O2Diesel(TM) at the Port.
    -- In September 2007, the Company announced that the Senate subcommittee
    had approved additional Department of Defense funding to continue
    demonstration tests of O2Diesel's O28 fuel blend at Nellis Air Force Base.
    ADVERTISEMENT



    Alan Rae, CEO, stated, "We are pleased with the significant achievements we have made during the third quarter of 2007. Our international operations continue to gain momentum with the rapid expansion in the Indian, Asian and European markets. Our partner Energenics is making tremendous progress in India and is focusing attention on the emerging Asian markets. In Europe, we are now operating in two countries as a result of our agreement with Abengoa, including a demonstration with Veolia, one of the largest transit companies in the world. Our U.S. operations have been bolstered with the recent expansion at the Port of Long Beach coupled with continued funding by the U.S. Department of Defense. The Company is well positioned to capture new markets as we head toward the new year."

    The Company reported revenues of $125,003 and $325,501 for the three and nine month periods ended September 30, 2007, as compared to revenues of $82,076 and $187,572 for the same periods in 2006. The Company reported a net loss of approximately $3.08 million and $7.67 million for the three and nine month periods ended September 30, 2007, equivalent to a loss of ($0.04) and ($0.10) per share, as compared with a net loss of $2.96 million and $6.77 million, equivalent to ($0.04) and ($0.19) per share for the same periods in 2006.

    As of September 30, 2007, the Company had approximately $4.56 million in total current assets on the balance sheet, of which $3.55 million was in cash, cash equivalents and restricted cash. This is a decrease of $4.18 million compared to $8.74 million in total current assets for the quarter ended September 30, 2006. Shareholders' equity was approximately $3.22 million at quarter ended September 30, 2007, compared to $6.98 million at the quarter ended September 30, 2006.

    O2Diesel: The Company and Its Fuel Technology

    tja beetje bij beetje komen ze er wel,deals willen we zien.
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