About O2Diesel Corporation
O2Diesel Corporation (AMEX:OTD - News) is a pioneer in the commercial development of a cleaner-burning diesel fuel that provides excellent performance and environmental benefits for centrally fueled fleets and off-road equipment of all kinds. Engineered and designed for universal application, O2Diesel(TM) is an ethanol-diesel blend treated with the company's proprietary natural oil-derived stabilizing additive that substantially reduces harmful emissions without sacrificing power and performance. Extensive independent and government-recognized laboratory and in-use field tests have demonstrated the effectiveness of O2Diesel(TM) -- the introduction of this cost-effective, cleaner-burning diesel fuel is now underway in the United States and other global markets. For more information please refer to www.o2diesel.com.
Shares Outstanding : 39.91 M
Float : 32.91 M
Cash : 1.4 M
Debt : 2.04 K (according to Yahoo)
On the News
NEWARK, DE--(MARKET WIRE)--Feb 1, 2006 -- O2Diesel Corporation (AMEX:OTD - News) has developed a proprietary, ethanol/diesel fuel blend that substantially reduces emissions. The Company recognizes the prospects from the State of the Union Address by President George Bush on January 31, 2006.
"America is addicted to oil, which is often imported from unstable parts of the world," President Bush stated. "The best way to break this addiction is through technology," further commented Mr. Bush. Thus, President Bush has set a goal of replacing 75 percent of the nation's Middle East oil imports by 2025 with ethanol and other energy sources. The tactics he presented are currently under way as he noted that since he was elected to the Nations highest post the federal government had spent "nearly $10 billion to develop cleaner, cheaper, more reliable alternative energy sources." Additionally, the President has signed legislation in 2005 that requires 7.5 billion gallons of ethanol, the corn-based additive, to be mixed into the nation's fuel supply by 2015. This is double the current utilization.
NEWARK, DE--(MARKET WIRE)--Feb 14, 2006 -- O2Diesel Corporation (AMEX:OTD - News), a global leader in the development and commercialization of ethanol diesel fuel blends, today announced that following the recent appointment of Blue Diamond Australia PTY as its exclusive distributor and agent for Australia, it has shipped the first full container load of its proprietary fuel additive technology to Sojitz Australia Limited a subsidiary Sojitz Corporation of Japan (www.sojitz.Com). Sojitz, who is recognized as one of the largest suppliers of diesel fuel to the mining industry in Australia, will use the additive to blend O2Diesel(TM) for delivery to its customers. This initial shipment of the Company's patented additive technology is enough to blend approximately 4.5 million liters of O2Diesel(TM). This marks O2Diesel's largest shipment to date, and was manufactured by the Company's manufacturing partner, Cognis Gmbh, at their facility in the state of Sao Paulo, Brazil.
What could happen?
Your guess is mine, but it looks like it is getting some attention from few investors.
As you see below, the daily volume have increased in last couple of days.
Is it sign of life? Maybe.
Date Open High Low Close Volume Adj. Close*
21-Mar-06 0.71 0.77 0.64 0.69 923200 0.69
20-Mar-06 0.64 0.7 0.64 0.7 102700 0.7
17-Mar-06 0.65 0.65 0.64 0.64 33100 0.64
16-Mar-06 0.64 0.65 0.63 0.65 83300 0.65
15-Mar-06 0.64 0.65 0.63 0.65 58200 0.65
14-Mar-06 0.63 0.65 0.63 0.65 19600 0.65
13-Mar-06 0.65 0.65 0.62 0.64 34700 0.64
10-Mar-06 0.65 0.65 0.63 0.64 65300 0.64
9-Mar-06 0.65 0.65 0.63 0.63 78400 0.63
But, what really got my attention is this.
http://www.epa.gov/OMS/diesel.htm
Clean Diesel Trucks and Buses Rule
(2007 Heavy-Duty Highway Final Rule)
In 2000, EPA moved forward on schedule with its rule to make heavy-duty trucks and buses run cleaner. These vehicles, which will be ready by model year 2007, will cut harmful pollution by 95 percent. Sulfur in diesel fuel must be lowered to enable modern pollution-control technology to be effective on these trucks and buses. The Agency will require a 97 percent reduction in the sulfur content of highway diesel fuel from its current level of 500 parts per million to 15 parts per million.
Once this action is fully implemented, 2.6 million tons of smog-causing nitrogen oxide emissions will be reduced each year. Soot or particulate matter will be reduced by 110,000 tons a year. An estimated 8,300 premature deaths, 5,500 cases of chronic bronchitis and 17,600 cases of acute bronchitis in children will also be prevented annually. It is also estimated to help avoid more than 360,000 asthma attacks and 386,000 cases of respiratory symptoms in asthmatic children every year. In addition, 1.5 million lost work days, 7,100 hospital visits and 2,400 emergency room visits for asthma will be prevented.
Significant lead time is provided in the rule for the introduction of new cleaner fuel into the marketplace. Engine manufacturers will have flexibility to meet the new standards through a phase-in approach between 2007 and 2010. The fuel provision will go into effect in June 2006 and will be phased-in through 2009. The program also includes various flexible approaches, including additional time for some refiners and special provisions for small refiners.
I bought 20k today on the weakness. I can smell green on this one. >:D
La cotización lleva parada en 0.65 $, unos día y mañana puede pasar algo importante:
http://biz.yahoo.com/iw/060320/0113851.html
Abengoa está comprando OTD.:
http://biz.yahoo.com/iw/051223/0104766.html
Abengoa sigue comprando OTD.:
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0000950152%252D06%252D001661%252Etxt%26filepath%3D%255C2006%255C03%255C02%255C&symbol=OTD
Suerte a to diosssssssss............
...............0.80 $$$$$$$$
0.95 !!!!!!!!!!
¡¡¡¡Cayó el 0.9!!!!!! Breakout cup with handle
UP, up, up...........................1.13$!!!!!!!!!!!!!!!!!!!!!!!
Yabadabado....
This is getting very intersting. One more day of run, I will sell all of my shares.
Nice pick yabadabado! <applaud>
Yabadabado ::)
I am having real fun with this one ;D
All of my portfolio is on fire!!! OTD, CVM, CDSS. Except, STTK (in at .82) and LPA (in at !.05)
¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡ 2$!!!!!!!!!!!!!!!!!!!!!! ;D ;D
I am having fun day trading it today ! :o ;D
Would love to see this come in around 2.00 ! >:D
GREAT CALL! Up 60% today!! Amazing!
Where did you find this one?
I knew I should have taken Spanish in High School.
http://finance.yahoo.com/q?s=otd
Yaba - you are a smart one.
Smells risky - they seem far from a real usable product. But make money while you can!
Great call! up 60% today - a good time to sell.
12:45PM O2Diesel developing new fuel for Department of Defense (OTD) 1.36 -0.13 : Co announces it is now under contract to develop a new cleaner burning alternative diesel fuel for the U.S. Department of Defense. This new fuel will help to comply with Executive Order 13149 which requires federal agencies with fleets of 20 or more light, medium, and heavy-duty on-road vehicles in metropolitan areas to reduce their petroleum consumption by 20%. The fuel will be composed of at least 20% renewable sources including the company's patented and proprietary natural oil based solubilizing additive -- O2D05. This fuel, when finalized, will help the Department of Defense facilities meet local air quality requirements and strengthen its commitment to reducing the USA's dependency on foreign oil imports. The co has received a contract for $800,000 in DoD appropriations to perform this research. This and similar funding has enabled the co to be recognized for its emissions benefits and petroleum displacement opportunities in the growing and highly-segmented 55 billion gallon per year U.S. diesel fuel market.
Quote from: teopi on April 07, 2006, 01:46:51 PM
¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡ 2$!!!!!!!!!!!!!!!!!!!!!! ;D ;D
Teopi:Es demasiado tarde para entrar?? Su recorrido es impresionante. >:D
jorgegr
Hey, Scooby Doo ... great call (applaud) ;)
O2Diesel Developing New Fuel for Department of Defense
FRIDAY, APRIL 07, 2006 12:43 PM
NEWARK, DE, Apr 07, 2006 (MARKET WIRE via COMTEX) -- O2Diesel Corporation (OTD) a pioneer in clean burning ethanol diesel fuel blends announced today that it is now under contract to develop a new cleaner burning alternative diesel fuel for the U.S. Department of Defense. This new fuel will help to comply with Executive Order 13149 which requires federal agencies with fleets of 20 or more light, medium, and heavy-duty on-road vehicles in metropolitan areas to reduce their petroleum consumption by 20%.
The fuel will be composed of at least 20% renewable sources including the company's patented and proprietary natural oil based solubilizing additive -- O2D05. This fuel, when finalized, will help the Department of Defense (DoD) facilities meet local air quality requirements and strengthen its commitment to reducing the USA's dependency on foreign oil imports.
Research on this new fuel, underway at the Southwest Research Institute in San Antonio, Texas, will ensure that the fuel meets DoD's environmental, health, and performance requirements. The research will be followed by a real-world demonstration at one or more of DoD's U.S. facilities. O2Diesel's ethanol diesel blend, O2Diesel(TM), is currently in use at Nellis Air Force Base in Las Vegas, NV where it has been operating successfully since mid-summer 2005.
O2Diesel has received a contract for $800,000 in DoD appropriations to perform this research. This and similar funding has enabled O2Diesel(TM) to be recognized for its emissions benefits and petroleum displacement opportunities in the growing and highly-segmented 55 billion gallon per year U.S. diesel fuel market.
O2Diesel(TM) is an extensively tested blend of 7.7vol% fuel grade ethanol, regular diesel and the company's patented and proprietary fuel technology. The use of this fuel significantly reduces emissions without effecting power or performance.
DoD, for example, is the largest single consumer of diesel & distillate fuels in the United States. O2Diesel(TM) shows great promise in helping the armed forces reduce diesel engine emissions at U.S. military installations and meet DoD and presidential directives to cut petroleum consumption by as much as 20% in the near future.
O2Diesel(TM) has demonstrated its ease of use through testing at facilities that centrally-fuel diesel-powered equipment, including urban buses, mining and port handling equipment. Current fuel distribution equipment is used and no special engine modifications are required.
"Given the obvious need for the United States to begin taking much larger steps to reduce importation of petroleum products and to improve urban air quality, our company is beginning to take an important place in the emerging renewable liquid fuels markets. Funding from the government is enabling O2Diesel to complete all the regulatory and verification requirements that any new fuel has to meet," said Alan Rae, Chief Executive Officer.
O2Diesel(TM) is or can be made available today in any fuel market utilizing the existing diesel fuel storage, supply, and distribution network. The Company's patented renewable, natural oil derived additive technology produces a stable ethanol-diesel blended fuel which when used in standard diesel engines results in a more complete combustion and emissions of fewer toxic and ozone-forming pollutants
Quote from: yabadabado on April 06, 2006, 02:27:42 AM
Yabadabado....
This is getting very intersting. One more day of run, I will sell all of my shares.
i hope you forgot to sell your shares.
Holy moly that's HUGE!!!!!
(just saw this one - too late as usual, but good call to yabadabadoo on picking this one at the perfect moment ;D)
El momento de entrada no se cual sería el ideal.....el valor está muy caliente y mirando el chart semanal es posible que haga un pullback a la zona de 2/2.1, aunque también es cierto que una vez superada esa resistencia, lo normal es que se vaya a la zona de 3.75.....
Hoy está recortando algo, auque parece que no tiene muchas ganas de corregir...
Suerte.
Lo que yo veo es una especie de Doji que puede anticipar el cambio de tendencia. Hay que confirmarlo con un buen volumen y quizas hasta con un gap en el precio
PD
Ufffffff!! que bueno encontrar mensajes en español
;D
Ok aqui está. Abrio con gap!!!!! Precio arriba, volumen arriba.
Here is. Gap up. Now strong volume!!!! ;)
???
Anyone still holding OTD ??? Some crazy, unnecessary NEWS came out after the bell. >:(
Form 10KSB for O2DIESEL CORP
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13-Apr-2006
Annual Report
Item 6. Management's Discussion and Analysis or Plan Of Operation
Business Plan:
The Company is classified as a development stage company as shown on our consolidated financial statements for the year ended December 31, 2005. In 2005, we expected to have sales of our O2D05 additive and O2Diesel™ in sufficient volumes to cause our status as a development stage company to terminate. Now, we anticipate that a change in our status as a development stage company will not occur until 2007 at the earliest. During 2006, we intend to devote our efforts to generating sales to our targeted customers in the U.S., Brazil and to a lesser extent, Canada, expand sales and sponsorship revenues under our CityHome™ initiative, and continue to improve our logistics network for the delivery of our products. In addition, we plan to continue a series of product tests and demonstrations that relate directly to our sales efforts, including having O2Diesel™ designated as a Diesel Emissions Control Strategy fuel in California and a TxLed equivalent fuel for Texas, if our product can be shown to be economically viable.
United States and Canada:
Our focus for the U.S. and Canada continues to be to target key geographical areas and specific diesel markets based upon:
Current and projected size of diesel fuel consumption:
• High-population centers under strict air quality regulations;
• Municipal transit and school bus fleets with an emphasis on public policy and a positive environmental image;
• Large concentrations of urban-based, centrally fueled fleets of trucks and buses;
• Off-road diesel powered equipment;
• Diesel equipment used by port facilities and large-scale mining operations;
• Military installations in non-combat vehicles.
In the U.S., O2Diesel's sales and marketing efforts for fleet sales will be focused in the state of California, as well as the northeastern states of New York, New Jersey and Pennsylvania.
Taken together, these three areas account for about one-third of all diesel fuel used in the U.S. In Canada, we intend to concentrate our efforts on the country's large population centers in the Eastern and Western provinces, but until we have commercialized our technology in the US, no significant resources will be devoted to Canada.
In late 2003, when we first began our sales efforts, we intended to rely heavily on our marketing partner, Octel-Starreon ("Octel"), to launch O2Diesel™ in the U.S. and Canadian markets. During 2004, both we and Octel agreed that Octel did not have the ability or the time to take an active role in selling our products. Until December 2004, Octel served as our exclusive sales agent for the U.S. and Canada. In December 2004, we terminated our existing agreement with Octel and entered into a new agreement by which it agreed to become a non-exclusive sales agent for the same territories. Under this new agreement, Octel will earn a smaller commission on sales than it would have earned under the previous one. Also, as part of the new agreement, Octel will provide to us, on an as needed basis, laboratory and other technical assistance, including a quality control function.
As a result of changing our agreement with Octel, we have hired an internal sales force to advance our sales efforts. During 2004 our sales force identified potential customers that fit the profile to use O2Diesel™. These were mainly centrally fueled fleets that were served by jobbers. In selling to these customers, we faced several challenges. Almost all of these challenges centered on the logistics for delivering O2Diesel™ to the customer. O2Diesel has devised parallel strategies to meet our sales goals, and we are continuing to perfect these strategies.
Under the first element of our strategy, we have signed distribution agreements with 9 jobbers, who in turn have centrally fueled fleets as their customers. We plan to sell additive to the jobbers and assist them in purchasing ethanol by either locating ethanol suppliers or purchasing and reselling ethanol to them. However, we will only purchase ethanol as an accommodation to a jobber, because we do not wish to tie-up our limited working capital to finance the purchase of ethanol. The jobbers will blend our additive and ethanol with diesel fuel and then sell O2Diesel™ to their customers. O2Diesel's sales force and technical staff will work jointly with each jobber and it's customers to assist in the transition from the use of regular diesel fuel to O2Diesel™. A key part of working with each customer is to provide safety and training materials covering the use of our fuel. In addition, O2Diesel's technical staff plans to work with each customer in the process of purchasing and installing flame arrestors and other devices for customer vehicles and storage facilities. In some cases, we will be responsible for sourcing and installing these devices while, in other cases, our technical staff will only have an oversight role. Finally, our technical staff will work with the customer to insure that its storage facilities are clean and are compatible for storing and dispensing O2Diesel™.
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During 2004, we developed a new sales and marketing concept styled as CityHome™. This program stresses the environmental benefits of our fuel and is designed to improve the air quality in urban locations. We expect this initiative to be a key component of our sales/demonstration strategy. In short, CityHome™ provides a means for municipal transit agencies to convert their fleets to O2Diesel™ without having to pay the higher costs of our fuel. CityHome™ programs are now being rolled out on a limited basis, mostly to municipal fleets in smaller cities in the Midwestern states. We have been successful in attracting fuel distributors to work with us in getting this initiative started.
Currently, we have four cities using O2Diesel™ in CityHome™ installations, and we are in discussions with several others to participate in the program. Through an innovative cost sharing concept with companies that wish to be good corporate citizens (sponsors), we have designed a program which permits the municipalities to purchase our fuel at costs which are the same as what they pay for regular diesel fuel. Corporate sponsors, generally with a national or international presence, will pay sponsorship fees to O2Diesel to take part in a clean air program for one or more of the communities participating in a CityHome™ program. In return for sponsorship payments, each sponsor will be given access to currently unused advertising space on buses and other advertising assets owned by the municipality. Sponsorship fees will become additional revenue for us and will be recognized as such when the related advertising is displayed and all other criteria for revenue recognition have been met. Costs that are intended to be supported by the sponsorship fees are recorded separately in the related expense line in our statement of operations.
With regard to the advertising space, since the CityHome program is still in its beginning phase and since we have been unable to assess the fair market value of the advertising space received, we assign no value to the space at the time of the receipt. We are recognizing the value associated with the advertising space when we enter into a contractual arrangement with a third party. The Company will consider assigning a fair value to the advertising space received at the time of the initial sale when such fair value is more readily determinable, based upon a history of cash transactions.
CityHome™ has become one of the mainstays of our sales/marketing and product demonstration strategy. Following its launch in several smaller cities, CityHome™ will be marketed to larger municipalities throughout the U.S in select target markets.
As another part of our sales strategy, O2Diesel's sales force plans to market and sell O2Diesel™ directly to large centrally fueled fleets, government municipalities and others that operate centrally fueled fleets of diesel powered equipment. These target customers may initially include truck, bus and school bus fleets, construction and mining companies as well as port facilities, and, later on, railroads, agricultural users, and the military.
In these cases, we will likely be responsible initially for all logistics required to deliver O2Diesel™ to the customer. To achieve this end, we will continue to work with fuel distributors that have the ability to blend diesel fuel, ethanol and additives for delivery to a customer's central fueling location. We will supply our additive and may purchase the ethanol for delivery to the fuel supplier, although our clear preference is to not finance the purchase of ethanol for our customers. In the process of transitioning a customer's fleet to O2Diesel™, we need to put in place the logistical support to insure that fuel is delivered on a timely basis. In this regard, O2Diesel is seeking to create a network of ethanol suppliers and fuel transportation providers. With these large fleet customers, our technical staff will work closely with each in all facets necessary to prepare the vehicles or other equipment to use O2Diesel™. This will include a review of the customer's fueling facilities for cleanliness and compatibility to O2Diesel™, arranging for the cleaning of tanks and filtering systems as necessary, as well as either purchasing and installing flame arrestors and other devices or assisting the customer to do so.
In Brazil, O2Diesel plans to target customers on a very focused basis. In general, these will be miller fleets (sugar and ethanol producers), municipal bus and other fleets, and to a lesser extent, centrally fueled truck fleets. We have established a small sales force and technical staff in Brazil. The roll out of our product has been much slower than planned. Obtaining government approvals and gaining market awareness has taken longer than we anticipated. In response to these matters, we have made a decision to follow a less aggressive marketing strategy for Brazil. We have taken steps to reduce our overhead and will scale back our marketing plans until we have a solid base of customers in Brazil.
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Brazil's fuel distribution system is more concentrated than that found in the U.S. As a consequence, O2Diesel must join with one or more large fuel distributors that can blend and deliver O2Diesel™ to customers in Brazil. In January 2005, we signed a Memorandum of Understanding with a company reported to be the sixth largest fuel distributor in Brazil. This company was to serve as our exclusive distributor for O2Diesel™ in the South and Southeastern regions of Brazil. This Memorandum of Understanding is no longer in place, since O2Diesel has decided to cooperate on a non-exclusive basis with Brazil's largest fuel distributor, BR, the distribution arm of the state-owned mineral oil company, Petrobrás. BR/Petrobrás is to supply readily blended O2Diesel fuel to the municipality of Rio de Janeiro. Failure to attract distribution partners to cover other parts of Brazil will likely set back our timetable for achieving market penetration in that country.
Cash Requirements and Risk Factors:
Based on current projected levels of operations and expenditures, we will need to raise additional funds over the next twelve months. To date, we have not had any bank trade facilities, except an overdraft line in the U.K. used to meet operating needs. This overdraft facility was repaid and cancelled during 2003. However, if the Company achieves significant sales, we plan to apply for trading lines with banks in the U.S. and Brazil as a means to finance our working capital needs.
Significant technical and logistical issues continued to affect our ability to generate sales in 2005. While we have made significant progress in addressing these challenges over the course of the year, they have led to a need to raise additional funds to be used not only for working capital, but, also, to allow us to meet the listing standards of the AMEX.
First, as part of the process by which O2Diesel™ was approved for sale in California, the California Air Resources Board set a number of conditions that we must adhere to on an ongoing basis. One of the conditions is that all storage tanks in which O2Diesel™ is stored and all vehicles that use the fuel must be fitted with devices known as flame arrestors. Flame arrestors are safety devices which are intended to prevent a fire in the case that a spark or other type of ignition might inadvertently enter the fill inlet of a fuel tank. Imposing this requirement proved to be a serious issue in 2004 and early 2005, and has negatively impacted our ability to efficiently commercialize our technology in the U.S. Even though flame arrestor technology has been used for many years in other applications, flame arrestors in the required sizes and designs were not yet available as an 'off the shelf item' for use with O2Diesel™ during this time.
The Company has taken several steps in 2005 to overcome these problems and to support the introduction of O2Diesel™ fuel to new customer opportunities. First, we assembled our knowledge and documentation regarding the design requirements of flame arrestors in the market areas we served and developed a catalogue of flame arrestors and parts that can be used for a wide variety of engine/vehicle types and customer applications. Second, we developed a checklist of procedures to be used by our technicians (in conjunction with our customer) that enabled our technicians to prepare a comprehensive fleet profile of hardware requirements, tank cleaning procedures and the time required to perform the work necessary to bring a fleet on-line. Third, we have identified several equipment vendors who we plan to work with so that needed equipment can be delivered to customer locations quickly and at competitive prices. Fourth, we have developed a training program that will enable our technicians to teach our customer's fleet maintenance staff about handling and storage of O2Diesel™ fuel, fleet modification and maintenance issues that can be expected. Finally, we have developed a modest parts inventory at our laboratory facility so that in the event of an emergency, required parts can be supplied to our customers. Our present planning methodology is based on a 40-day implementation time frame that requires the project to be a joint effort utilizing the customer's employees and identifies the timing and costs that the customer can expect.
During 2005, we continued the research and development efforts begun in 2004 to design and to identify flame arrestors, adaptors and other equipment for vehicles that use O2Diesel™. Some of these devices have undergone and passed tests to insure that they are capable of complying with all required specifications. In 2006, other flame arrestors will be developed and subjected to the required tests. In addition, we have learned that certain engines require the fitting of a primer pump to insure that the vehicle starts and runs properly in hot weather. These devices are simple and readily available and the costs are known, but the necessity of adding these devices to certain vehicles could increase our costs and may increase the time required to transition a fleet from using regular diesel fuel to the use of O2Diesel™. Lastly, in some buses, we have had to install safety fueling devices in the fuel inlet that serve the function of flame arrestors, but are generally more expensive. These particular devices are readily available in the market.
To support our implementation efforts, we commissioned a third party engineering consulting firm to review our written safety training procedures as well as to conduct on-site reviews of four of our customer locations in order to evaluate the adequacy of the training and the quality of safety procedure implementation. The ensuing report from the consultant indicated that our safety program requirements were well conceived and were being followed quite closely at all locations. Additional safety procedures to enhance this program are currently being evaluated.
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Another concern we have relates to the logistics and storage of O2Diesel™ for fleets and other diesel equipment that may use the fuel. At the end of 2004, we had not completed the required logistics arrangements to identify and finalize the best infrastructure to insure that we can arrange for a supply of ethanol to blend with our additive and then arrange for the timely delivery of O2Diesel™ to potential customers and its proper storage once delivered. In particular, it is very important that storage tanks be cleaned prior to the introduction of O2Diesel™ into the customer's refueling station. We have made important strides in working with customers to insure that their storage facilities are compatible with O2Diesel™ and have now included them as a critical component of our implementation planning process.
In order to insure fuel quality, we have developed a quality control function that constantly tests the ethanol used by all customers. We have learned that it is necessary to test the quality of diesel blended with our additive and ethanol. Establishing our own laboratory facility has been a significant help to us in developing quality control standards, and for carrying out the tests that are necessary in preparing a fleet for conversion to use O2Diesel™. None of these tests are time consuming or technically difficult, but they are critical to ensuring that our product functions as intended. As we gain more experience, it may not be necessary to conduct the level and frequency of tests that we expect to do over this coming year.
As part of this on-going learning curve, we have confirmed that it is important to carefully select ethanol suppliers because there is a wide range of fuel grade ethanol in the marketplace. It is critical that the ethanol component of O2Diesel™ be of a consistently high quality and that it meet certain other specifications. Selection of ethanol suppliers and creating a relationship with those that can provide the quality of product we require is a significant need, and is a task that we will devote more time to in 2006. We are currently working closely with two industry groups, the American Coalition for Ethanol and the Renewable Fuels Association to identify ethanol suppliers who meet our criteria. All of these issues have led to a greater lead time than expected to convert a fleet from using regular diesel to O2Diesel™. In fact, we have seen that the time it takes to do the conversion work can be the most important factor in bringing on more customers to use our fuel. As a means of mitigating the time required for converting a fleet, we have sought to have our customers to do much of this work under our direction. However, this policy is dependent upon obtaining an agreement from the customer to do the work. The actual time required to convert a fleet to use O2Diesel may be further limited by the availability of the customers' vehicles to be in one place long enough to affect the required changes. In some cases for safety, insurance or union reasons, customers will require that they do all of the work necessary for their vehicles and diesel powered equipment to use O2Diesel™, as well as arranging to insure that their storage and dispensing facilities are compatible with the use of the fuel. The Company anticipates that the work achieved in 2005 will allow us to bring all of these factors into the implementation planning process so that we can avoid the costs and delays we experienced in the past.
The technical challenges over this past year have presented significant hurdles to commercializing our technology. In most cases, we have overcome these obstacles by the application of technical resources, payments to support our customers and a high level of customer service. All of this has been time-consuming and has slowed our ability to bring our product to market. But it has also created a base of knowledge which should prove helpful as we continue our efforts to commercialize our technology. We have been encouraged by the fact that among our customers, we have a municipal bus fleet and a port facility that have been successfully utilizing the fuel for more than one year. Even though we have gained a significant amount of technical knowledge during 2005, we will continue to refine our efforts in this area in order to improve our ability to bring on greater numbers of customers and to better predict the cost and timing of the work required to have fleets conform to the requirements of using our product.
Given our projected level of expenses and the cash on hand as shown on our consolidated audited balance sheet at December 31, 2005, it is clear that we lack adequate cash to conduct our business according to our business plan. On February 3, 2006, the Company offered existing warrant holders an opportunity to exercise these warrants at the reduced price of $.35 per share. As of February 27, 2006, the Company had received commitments to exercise warrants representing 1,864,035 shares for total proceeds of $652,412.
Even with the capital raised in 2005, we believe it will be necessary to raise additional funds of approximately $10.5 million in 2006 to allow us to execute our business plan and to be in compliance with the AMEX's listing standards. There can be no assurance that we will be successful in our efforts to raise additional funds. Nor can there be any assurance that the Company will generate sales and collect cash to offset our operating expenses. As shown in the consolidated audited statements of operations contained in this report, we have generated only $195,607 in sales for calendar year 2005. As of the date of this report, we have only minimal orders on hand for either O2D05 or O2Diesel™. Lastly, there can be no assurance that actual events will not differ from those anticipated, or that general economic conditions may not vary significantly in ways that could negatively impact our operations and cash position.
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Research & Development:
As part of our cooperation agreement with Cognis, we, along with Cognis, are the joint owners of all patents covering both the use and composition of O2D05. Patent applications have been filed in twelve countries for O2D05, including the U.S., Canada, Brazil, and Europe. For this purpose, Europe is counted as one country. As such, the patent application for Europe covers 20 countries, including the more populous countries of the U.K., France, Germany Italy and Spain. The patent applications for the U.S. Brazil and Canada are pending. All legal costs associated with preparing, filing and administering the jointly owned patents are shared equally by the Company and Cognis. We also have a number of patents that have been issued that relate to the predecessor technology of O2D05. As a strategic measure, we continue to fund all costs necessary to maintain some of these patents. O2Diesel is the sole owner of these latter patents, which in general cover the use and composition of its prior generation technology.
We have filed trademark registration applications in the U.S. and the European Union for a mark which includes the words and numbers O2Diesel as well as a figurative logo of the words.
As mentioned earlier, we developed a new marketing initiative in 2004 which is styled as CityHome™. On November 11, 2004, we filed applications for the trademark "CityHome" (and design) in eight classes of goods and services. An application was also filed for the trademark "TODAY'S CLEAN AIR SOLUTION TOMORROW'S BRIGHTER FUTURE" covering one class of goods and services. During 2005, we incurred substantial costs in carrying out tests to demonstrate that the use of our product will enable customers to comply with environmental laws and regulations. More specifically, in 2005, we incurred expenses of $1,013,105 in the U.S. in connection with governmental sponsored projects and tests. Most of the costs incurred in these government test programs were reimbursed by appropriations from the U.S. Departments of Energy and Defense. At the start of 2006, we have government test programs in progress with total remaining costs to complete of approximately $2.6 million. Under these programs a wide array of engine tests and product demonstrations are to be conducted to further prove the emissions benefits of O2Diesel™ and to show that the fuel performs well in specific applications.
Included in the foregoing programs are product demonstrations in Nevada to test O2Diesel™ in non-tactical military equipment, and to test it in California in a fleet of refuse trucks. Other programs underway include completing the protocols to allow O2Diesel™ to be classified as a Diesel Emissions Control Strategy fuel by the California Air Resources Board. Still other tests will include using O2Diesel™ in large mining equipment as well as seeking to obtain a military procurement specification for the fuel. In January, 2006, we initiated a project to develop a fuel that would meet EPA's alternative fuel requirements for the military. Based on the government funding in place, we believe that approximately 80% of the costs to conduct these tests may be funded by appropriations from the U.S. Departments of Energy and Defense.
We will also continue to devote time and to invest in the design and development of flame arrestor technology. We have found that this is more labor intensive and time consuming rather than requiring large outlays of capital. Most of the design work has been performed by our own personnel and consultants with the actual fabrication work contracted out to specialized manufacturers. We expect this work to continue in 2006.
In 2005, we spent about $18,000 USD in Brazil for research and development projects and to obtain approvals for O2Diesel™ from the agencies in Brazil responsible for the country's petroleum industry and environmental laws. These approvals are administered and granted by two Brazilian agencies - ANP and IBAMA. ANP is the National Fuel Regulation Agency and IBAMA is the National Environment Protection Agency. Approvals are needed from both agencies before O2Diesel™ may be sold in Brazil. In 2004, we submitted applications to both agencies and received limited, but favorable approvals from each. ANP has classified O2Diesel™ as an alternative diesel fuel. In addition, IBAMA, approved O2Diesel™ for off road (e.g. in mining) and railroad applications. Also, in response to requests that we submitted to ANP, it granted approval for O2Diesel™ to be sold to specific customers and for specific regions in Brazil. In 2005, O2Diesel fuel has obtained approvals from the environmental and health secretaries of the Cities of Rio de Janeiro, Curitiba and Maringá.
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O2Diesel fuel has also become the first alternative fuel to be certified by the TECPAR's national certification program Transporte Limpo (Clean Transport). For 2006, we anticipate spending about $20,000 USD for various product and vehicle tests in Brazil.
Employees:
At present, O2Diesel has twenty full-time employees of which seventeen are in the U.S. and three are in Brazil. We have no part-time employees. During this past year, we have relied extensively on consultants to assist us to commercialize our technology and to help us in key technical areas. At present, we use ten consultants; three in marketing; one for investor relations; one for logistics; two as field technicians, one laboratory technician; one chemist and one in regulatory affairs.
We will add new personnel in 2006 based on the pace of our commercialization. Under our plan, we do not see the need to add employees in the U.S., or in Brazil, but we do plan to add two technical positions for our European market testing and development in 2006, bringing our total employee count to twenty-two by the year-end. We anticipate continuing to employ ten consultants serving in most of the same capacities in 2006 as in 2005. Item 7. Financial Statements
The Company's consolidated financial statements are filed with and begin on page F-1 of this report.
Item 8. Changes in Disagreements with Accountants on Accounting and Financial Disclosures
On March 23, 2006, the Company announced that Ernst & Young LLP ("E&Y") would resign as the Company's independent registered public accounting firm . . .
I would have suspected that they would do a secondary while the price was high.
The good news is that they are organizing their own sales force. The bad news is that this is a dinky ass company and I was hoping they would give me anoter week of gains before I became a bagholder.
This will go the same way as GNBT - another POS.
What bothers me is that I knew this was a scam stock (see Snowcat's Hot Stocks) but thought I could ride the wave. Oh well, drowned again. $1.50 on Monday?
Snowcat, what stocks fo you refer or call SCAMSTOCKS, stocks that go from $3 to $1 within 1 week ??
I'm hoding OTB..... :( ??? :'(
... and now I don't know what to do...
Sell on monday or wait until.... when????
what a relieeeffffff!!!! :D
To me,Scamstocks are stocks with no real product and at a closer look, no real business.
One, which I made a lot of $$ on is XSNX.ob
http://finance.yahoo.com/q?s=xsnx.ob
One employee and a product "in development" - lots of newsletter recommendations but nothing else.
Look at OTD - one order for $800k to DEVELOP fuel for the DOD. No cash flow. How long b4 they do a secondary looking for more cash?
http://biz.yahoo.com/iw/060407/0122055.html
A stock like that goes from $1 to $3 is a good gamble if you own it. I own OTD and plan to ride the wave of Ethanol enthusiasm, but I plan to get out b4 it busts.
If I had more brains than balls, I never would have gotten in in the first place.
A better bet - also being pumped by the newsletters - is XTHN.ob, the company makes ethanol out of garbage.
Sold apr. 17 at 2.65. Nice profit 12.77%
;D
does Veridium Corp VRDM fall into this category? I know they make ethanol with corn
This list might help you:
Ethanol
PEIX
XTHN
OTD
GSHF
VRDM(70% owned by GSHF)
INSQ(80% ownded by GSHF)
DIL
MGPI
ADM
GPRE
DVSA
IESV
NVAO
We have gshf.ob in our portfolio (click 3stocks on fire at "portfolios")
jorgegr
You cxa also refer to this thread:
http://www.3stocksonfire.org/trading/index.php?topic=5169.msg58108#msg58108
jorgegr
OTD : has been moving up for the last two day's
This baby is ready to bust lose. It;s coiled and ready to pop, no further explanation needed, just look at the chart says it all.
I was watching this one today, but it looks like it broke the other way? I am new to the coiled spring pattern, but found this:
http://www.hardrightedge.com/tour/spring.htm
The last line doesnt exactly apply to the chart from yesterday, but it is somewhat close and does indicate that "dynamic breakdowns" can also happen:
"And when each of the last two bars are the narrowest of the last 7, a dynamic breakout (or breakdown) is imminent."
This seemed like it was going to be a great play at the right time given the alternative fuel nature of the play and the chart. It seems that the topsy turvy market today and the insider selling caused OTD to break in the wrong direction?
I wouldn't get to hung up on names of various chart patterns Tokyo. Coiled spring or flag or triangle could all be applied to the current OTD set up.
Bottom line is it broke out huge a few sessions back and is now consolidating back to support on ever shrinking volume to hopefully resume breakout mode once support is found and volume flows back in. I took a position in OTD on the pullback thursday to the combined 20ema / middle bollinger band area and ascending support line.
OTD reacting from support
It seems today OTD took off
Good luck to all holding this one
jorgegr
I actually sold my OTD position just above my $1.80 entry a few days back as it broke the ascending support line. Todays bounce I will watch for follow through and look for possible re-entry.
OTD : A lot of threads on this stock so I picked this one to post. Chart shows it might be getting ready to climb back up again. I don't have a position, just wanted to bring it to the attention of those who might want to watch it.
The chart is using 32 DMA. I prefer 32 instead of 50 DMA
Goodluck trading to all :)
Yep, I'd lined it up to buy yesterday at $1.10 (200ema touch), but got distracted and didn't execute the order.
Bit of a pump going round on OTD, but hey who cares if you get the entry right (err which I didn't ;)
WOW wish I had the funds yesterday also but didn't. Are you getting in today Aussie. I'll be watching and if it hit's above 32 DMA I might get in then if I have some funds available.
. MACD showing up also heading back towards centerline it's my guess when 32 DMA get's hit centerline will get hit also which would be a good buy signal if it goes above and ends there.
Goodluck trading :)
In and out already!!
Jumped in this am at 1.42 and stepped off the bus at 1.61. Sure it went quite a bit higher but I was pretty happy with a 13% gain in a couple of hours. I know they don't come along every day but after the recent market drubbing, man was it good to get a nice little trade and be back to cash ;D
Will keep an eye on OTD though as it definitely has some solid momo, but I see it as still a potentially dangerous pump n dump - almost 80% in 2 or 3 days is a lot for a bounce!!
Scotsman
Great trading ScottishTrader
Cann't beat that for half a day trade.
Goodluck trading :)
I jump in @ 1.65 :( Hopefully it will rocket tomorrow again.
Update to the original thread that was started.
Seek and you will find..... ;) ("Search")
OTD : might be ready for another run
MACD looks bearish plus the bounce from its resistance is not a good sign.. I would wait for a breakout to confirm billlish ternd.. maybe have a buy stop above the trendlline and a stop mid point..
CHeers
B
Resurecting OTD, will watch for follow through. Nice funding deal here from 'Arnie' Will post chart later.
O2Diesel Receives Over $1 Million to Begin California Diesel Emissions Control Strategy Verification
08/08/2006 11:53
NEWARK, DE -- (MARKET WIRE) -- 08/08/06 -- O2Diesel Corporation (AMEX: OTD), a pioneer in the development of cost-effective, cleaner-burning, alternative diesel fuels for all centrally fueled fleets, today announced that it has received in excess of $1 million in U.S. Department of Energy funding to verify O2Diesel(TM), its ethanol blended diesel fuel under the California Air Resources Board (CARB) Diesel Emissions Control Strategy (DECS). O2Diesel(TM) is already verified by CARB as an "alternative fuel" however DECS provides a higher level verification that enables companies in California industries such as construction/off road, port, transit, utilities, public fleets, and solid waste haulers as well as DoD facilities to meet both CARB and EPA air quality regulations. In supporting this program, the government recognizes that stricter emissions regulations and the imported oil dilemma require renewable sourced components for meeting our fuel needs. The testing to verify the emissions benefits of O2Diesel will begin immediately following finalization of the testing plans with CARB. The completion of this program along with O2Diesel's commercial fleet and demonstration experience clearly establishes the value of O2Diesel(TM) as an alternate fuel not only in California but in all markets. California is the largest consumer of diesel & distillate fuels in the United States with the strictest air quality regulations in the country.
Last week California and the United Kingdom entered in to an historic agreement to collaborate on climate change and clean energy technology and Gov. Schwarzenegger made a statement (http://gov.ca.gov/index.php/press-release/2770/) that "California will not wait for our federal government to take strong action on global warming," he said after an hour-long roundtable focused on clean energy and climate issues with the Prime Minister and more than a dozen CEOs. "Today, we are taking an unprecedented step by signing an agreement between California and the United Kingdom. International partnerships are needed in the fight against global warming and California has a responsibility and a profound role to play to protect not only our environment, but to be a world leader on this issue as well."
"Given the Government's clearly stated need for the United States to begin taking much larger steps to reduce importation of petroleum products and to improve urban air quality, we believe that obtaining DECS verification will allow O2Diesel to expand its market," said Alan Rae, CEO of O2Diesel Corp. "The Recent agreement between California and the UK means that technologies being verified in California will have a far wider global audience. Our ongoing advancement with the DoD in the US, Abengoa in Europe and our other global partners continues to strengthen our position role in the emerging alternative fuels markets."
O2Diesel(TM) is an extensively tested and validated blend of 7.7vol% renewable ethanol, 0.6% of the company's patented and proprietary fuel technology and 91.7% of regular diesel fuel, which significantly reduces emissions from diesel-powered equipment, with no loss of power performance or drivability. O2Diesel also responds to the increasing emphasis on developing renewable and environmentally-friendly fuels. O2Diesel(TM) is composed of renewable sources including ethanol and the company's patented and proprietary natural oil based solubilizing additive -- O2D05.
About O2Diesel: The Company and Its Fuel Technology
O2Diesel Corporation (AMEX: OTD), and its U.S. subsidiary O2Diesel, Inc., is a pioneer in the commercial development of a cleaner-burning diesel fuel alternative that provides exceptional performance and environmental qualities for centrally fueled fleets and off-road equipment of all kinds. Engineered and designed for universal application, O2Diesel(TM) is an ethanol-diesel blend that substantially reduces harmful emissions without sacrificing power and performance. Extensive independent and government-recognized laboratory and in-use field tests have demonstrated the effectiveness of O2Diesel(TM) -- the introduction of this cost-effective, cleaner-burning diesel fuel is now underway in the United States and other global markets. For more information please refer to www.o2diesel.com.
Plenty of resistance, but also plenty of opportunity. Considering buy stop entry on break of resistance:
Resistance sent OTD back to the previously highlighted floor, but now a quick turnround to that resistance line again following earnings release.
OTD is all about the potential, certainly not one for fundamentals only, it is a true speculative play.
O2Diesel Q2 Net Loss Widens - Quick Facts
Tuesday, August 15, 2006; Posted: 10:38 AM
(RTTNews) - O2Diesel Corp. (OTD | charts | news | PowerRating) reported a second quarter net loss of $1.8 million or $0.06 per share, compared to a loss of $1.6 million or $0.05 per share in the same quarter last year. Revenues for the quarter increased to $30 thousand from $28 thousand in the year ago quarter.
The company stated that it had $10.6 million in assets, including $5.5 million in cash and cash equivalents and $3.8 million in restricted cash, compared to $5.0 million for the quarter ended March 31, 2006.
O2Diesel also stated that by the end of the quarter it had successfully closed two fundings totaling $6.5 million, allowing to regain compliance with the AMEX listing standards and subsequently obtain a letter from the Exchange.
Price Target 2.25$
please check the attached report 8)
"OTD" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders. ;D
All history on a stock pick in 1 thread is awesome. ;)
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock. :( ::)
Thank You....and good luck with all your trades....make some $$$ ;) ;D
Today's chart.......
Press Release Source: O2Diesel Corporation
O2Diesel Receives Approvals for Its Fuel Technology in France
Monday July 16, 1:24 pm ET
NEWARK, DE--(MARKET WIRE)--Jul 16, 2007 -- O2Diesel Corporation (AMEX:OTD - News) announced today that it has received the regulatory approvals necessary to start delivering its proprietary diesel ethanol blended fuel, O2Diesel(TM), in the French market. These approvals from DRIRE and DIREM, the regulatory bodies responsible for the Environment and Fuel specifications and applications, are the result of intensive work by O2Diesel's European subsidiary.
The approvals pave the way for O2Diesel to move forward into the next stage of its European market development strategy by commencing deliveries to a number of targeted fleets in France. This clearly defined strategy commenced in late 2005 when Abengoa Bioenergy R&D became the company's largest shareholder and entered into a five-year agreement to jointly develop the European market for O2Diesel's ethanol diesel fuel blend technology. Europe is a market which the company believes will be a substantial opportunity for its technology, especially as the 2003 EU directive to replace 5.75% of fossil energy with renewable fuels is implemented in member countries
Alan Rae, CEO of O2Diesel Corporation, said, "Europe represents a substantial growth opportunity for O2Diesel and France is at the forefront of this opportunity and the European move towards renewable fuels. Ethanol is not an established fuel component in Europe, so there have been a substantial number of regulatory hurdles to overcome. Our strategy for the last eighteen months has been to focus on removing these barriers to commercial expansion. We believe these approvals in France will be the first of several over the coming months as our efforts start to deliver results. We look forward to being able to announce our first fleet shortly."
France is the third largest consumer of petroleum in Europe (behind Germany and Russia) and tenth in the world. Diesel represents more than 70% of France's transportation fuel market at 29 billion litres per year. Independent of the EU directive for 5.75% fossil fuel displacement, France has its own imposed target to replace 10% of diesel fuel with renewable alternatives by 2015.
Rae continued, "If France is to meet its targets for the increased use of biofuels, it is our belief that fuels such as O2Diesel, which has an additional 8% renewable content, will play a critical role in achieving these goals. Additionally O2Diesel's proven ability to reduce Particulate Matter and NOx make it a perfect solution for newly elected president Nicolas Sarkosy's recent announcement that France will be the leader in the European community by improving emissions and global warming through the reduction of CO2."
More About O2Diesel: The Company and Its Fuel Technology
O2Diesel Corporation (AMEX:OTD - News), and its U.S. subsidiary O2Diesel, Inc., is a pioneer in the commercial development of a cleaner-burning diesel fuel alternative that provides exceptional performance and environmental qualities for centrally fueled fleets and off-road equipment of all kinds. Engineered and designed for universal application, O2Diesel(TM) is an ethanol-diesel blend that substantially reduces harmful emissions without sacrificing power and performance. Extensive independent and government-recognized laboratory and in-use field tests have demonstrated the effectiveness of O2Diesel(TM). The introduction of this cost-effective, cleaner-burning diesel fuel is now underway in the United States and other global markets. For more information please refer to www.o2diesel.com. This blended fuel significantly reduces emissions generated from a host of unmodified centrally fueled diesel-powered equipment; both on and off-road.
O2Diesel(TM) fuel is or can been made available in any fuel market utilizing the existing diesel fuel storage, supply, and distribution network. When used in standard diesel engines, the Company's patented, renewable additive technology produces a stable ethanol-diesel blended fuel which results in more complete combustion and fewer emissions of toxic and ozone-forming pollutants
Forward-Looking Statements
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding O2Diesel Corp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year. "O2Diesel" is a trademark of O2Diesel Corp.
Contact:
COMPANY CONTACT:
Alan Rae
CEO
O2Diesel, Inc.
302-266-6000
Email Contact
INVESTOR CONTACT:
Mark McPartland
Alliance Advisors, LLC
910-221-1827
Email Contact
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Source: O2Diesel Corporation