The email goes on to say that SLNX last traded at $0.45 and has an "End of Year Tarrget: $1.00." That more than a double over the next three months -- annualize that!
Intraday was down 7.78% at $0.41 on volume of 165,118. Yahoo Finance reports a market capitalization of $6.42 million. The day's range for SLNX so far is $0.40 - $0.46. SLNX has a 52wk range of $0.02 to $0.75. SLNX volume today is actually on the light side compared to trading volume over the past week and month. However once the SLNX pump email gets around, the volume is likely to pick up but it is questionable whether it will hit close to one million shares traded like it did on Sept. 10.
Details of the Solanex (SLNX) (SLNX.OB) email. As is typical, irrelevant text accompanies the stock pump at the very bottom.
Solanex's business is the "development, manufacture, distribution, marketing and sales of alternative, renewable and waste energy technologies". We are expecting a significant play this week for Solanex. An extract from their latest news release…
The Board of Solanex Management Inc. (OTC BB:SLNX) announces today that Solanex has expanded the territories for the sub-license in their Memorandum of Understanding (MOU) for technology leasing rights for sales, marketing and distribution to Pyrolitic Hydrocarbon Gasification System and a Liquid Extraction Systems. The exclusive territories have been enhanced to include the country of Mexico.
The terms and conditions for these rights remain unchanged and this extension allows the Company to explore opportunities for the extensive oil and used tire markets in Mexico, especially at Municipal,State and Federal Government levels. Government agencies throughout Mexico are all very concerned about environmental issues especially as they pertain to used tires in local landfills. The liquid extraction system may well be of interest to the existing petroleum industry in Mexico as it uses a non-toxic, non-carcinogenic solution which separates the oil from its host (i.e. oil sands), but further use will be in a recovery of in ground; old capped/closed oil wells, low producing wells as well as low producing heavy oil deposits where the viscosity is too thick to economically bring the oil to surface.
STAY TUNED and add SLNX to your tickker first thing Tuesday morning...
Later Tuesday while addressing Turkeys diplomatic corps the pope heralded the countrys role in the UN peacekeeping force in southern Lebanon He also touched on the importance of religious freedom saying members of all religions should enjoy the same rights and recognition in their home countries Our world must come to realize that all people are linked by profound solidarity with one another and they must be encouraged to assert their historical and cultural differences not for the sake of confrontation but in order to foster mutual respect he said Benedict arrived in the Turkish capital earlier Tuesday under tight security Police lined the highway leading to Ankara from the airport where Turkish and Vatican flags waved in a light breeze The Associated Press said