This one is a lotto play that has received quite the attention the past few months, with many price and volume spikes.
Low OS around 415M for a .0006 stock. If ANY news came out of he company, or it was reinstated this thing will take off.
Awaiting updates from the company.
Momentum Biofuels, Inc., an alternative fuel processing company, produces and markets biodiesel fuel for local distributors, jobbers, and state and local government fleets in the United States. Biodiesel is a renewable fuel for use in diesel engines that is derived from vegetable oils, such as soybean and mustard seed oil and can be mixed with petroleum based diesel fuel for use in existing diesel engines. Momentum Biofuels has strategic relationships with TES Energy Development, LLC; DAK Renewable Energy, Inc.; Green Field Products (Canada), Inc.; and Stewart Environmental Consultants, Inc. The company was founded in 2006 and is headquartered in League City, Texas.
MMBF entered into a royalty licensing agreement with Hunt Global Resources http://huntglobalresources.com/biosolutions.html in which they get 3% of all biofuel sales and frac sand sales.
Hunt (HGCO) recently acquired Carbon Green, Inc. and they are about to start production of their LoNox biofuel mixture, and to do so will have to restart MMBFs plant, and from what I've been hearing from the CEO, some sort of news is expected on the plant startup as well as Momentum's revenues.