Posted on 09/17/2006 11:46:42 AM PDT by PeaceBeWithYou
That's the most damning statistic. On the other hand, if you want to get into a leading edge tech stock on the front end, that's the kinda stock you buy. The problem is that 99% of them end up in bankruptcy. You gotta pick the right ones.
Their main business seems to be titanium dioxide pigment. I wondered where that came from. It's very white.
The company was founded in 1973 as Diversified Mines Limited and changed its name
to Tex-U.S. Oil & Gas, Inc. in 1981.
Later, it changed its name
to Orex Resources, Ltd. in 1986;
to Carlin Gold Company, Inc. in 1988;
to Altair International Gold, Inc. in 1994;
to Altair International, Inc. in 1996; and
to Altair Nanotechnologies, Inc. in 2002.
Further clue
Yeah, now that you mention it, I read an artcle several months ago trashing this company.
A press release like the quote one is a good sign that something is fishy. If they really had something revolutionary, they would demonstrate first and brag later, so that independent experts had time top evaluate their claims.
bump
This is a developing area of technology. The question of whether they are at the forefront of it is a different question, though.
It may recharge in minutes at a service station that's connected to a major power line, but not at home
To recharge a 52 KWhr battery in 10 minutes would require an electrical source able to deliver over 300,000 watts
Thanks for the research on corporate shapeshifting. Still, nanotech mineral science is interesting, and having the particular kind of clay in what was a non-high prodcuing mine can mean something of found value these days.
I bought this stock a few years ago at $0.80 and sold it at $4.25 and have been following it out of habit.
They had been getting trashed by motley fool for years, and recently it seems that with ALTI's new CEO motley fool has backed off somewhat.
Also, IMHO, there has been interest among some larger investors.
The stock has been kind of stationary the past couple of years. They are showing negative earnings although the CEO is pulling down almost half a million.
Thanks....is it for real ....is the question.
I tend to look at speculative stocks in a diffeent way than most.
I do not care about net earnings, actually I'd rather they don't have positive earnings.
They do need to maintain enough cash and have the ability to raise cash if needed without diluting the shareholders too much.
Revenues and revenue growth is the most important thing to me.
As far as ALTI, this one has yet to prove they can sell anything. If they can generate sales from either of their lines it would be a big big step in the right direction.
I DO NOT own this stock at this time.
They also aren't paying a dividend, which a company with a gold mine should be able to do. A dividend is not a great indicator, Ford and GM are both headed out the door and paying dividends all the way, but I already own enough of these speculative, non-dividend stocks and they are all doing nothing.
My house has 400 amp service installed. If I turned everything else off, I could charge that battery in 35 minutes.
They are out of the gold business. Maybe they are wishing they would have stayed in that business, timing is everything.
I would consider "investing" in a company that pays a dividend if I were looking for solid stabile growth with a little income while you wait. The dividend attracts and keeps more institutional investors in the stock.
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