RE: Building SupportAssouf2008, in fear of dominating the board I didn't post the level 2's, but you are 100% correct , bigger blocks of up to 100,000 a order shares appearing in the .08-.12 range now. So bigger money is looking at this - no offense to teh 5,000-10,000 share bidders but the big blocks is what is needed to get the sellers out en masse.
I believe, MPE is recession proof from a operating business view for teh following reasons.
Tree Seeding Business - China plans to plant 2.5 billion trees in 2009 - China's top legislative body, the National People's Congress (NPC), passed a resolution in 1981 making it a duty of all citizens above the age of 11 to plant trees annually. Nice touch to get free labour.
Alfalfa Business - Food and dairy consumption will not go down 40% like the markets and protein rich alfalfa is needed to feed the cattle increasing demand and prices for Alfalfa which is/has occured already
BIoFuel - Demand will not go down substantially - 6.4 million passenger cars were sold in China in 2009. Canada sold 1.64 million cars and 13.5 million in the US in 2008. I would strongly guess that unlike us replacing old cars destined the salvage yard with new cars , many of teh Chinese are buying their 1st vehicle. So are net cars and net consumption have not increased much in 2008.
Cooking OIl - Demand is rising every year - will be interesting to see if riots occur this year due to the lack and price increase of cooking oil during the lead-up to Chinese New Year.
Reinforced Thermo-Polymer (RT-P) pipeline product marketing agreement - if energy prices remain low, this one would be the obvious laggard if it wasn't for the fact that China's energy demand will go up so they need to have the pipes in the ground as a 1st step as well as many of the oil companies are majority owned by the Chinese Government.
Organic Fertilizer Project or P3 as I like to call it (pig poop project) China is currently the largest consumer of fertilizers in the world, with more than twice the annual consumption of the USA and nearly ten times that of Canada.
If financing is needed it would be difficult for most companaies to get good terms. Currently MPE balance sheet is clean with cash and a fixed asset being the green house with no liabilities attached to it so cash flow shoudln't be a problem just ensuring capital expenditures are done slowly. Company trading close to book value of assets, and income shoudl be picking up form the seedling, alfalfa operation, and their yellowhorn agreements.
I am sure company progress updates is on the way with teh only negative that escrow shares to be released next week to an ex director. Only 300,000 shares = to about $36,000 worth but in a low volume environemnet could have an impact if shares jettisoned. So opportunity to buy shares on the cheap side again may occur in the next couple of weeks for the brave so get yoru pole positon which is one reason larger bids are appearing now.
GLTA in 2009