Greenway Technologies Inc (PK) (GWTI) Quote

Held at DTC 130,930,948 08/27/2024

Kent Harer Resigns from Board of Directors



ARLINGTON, Texas, August 28, 2024



Greenway Technologies, Inc. (OTC: GWTI), (“Greenway”), an advanced gas-to-liquids (“GTL”) and gas-to-hydrogen (“GTH”) technology development company, announces the resignation of Kent Harer from the Board of Directors.



Based in Arlington, Texas, the Company, through its wholly-owned subsidiary, Greenway Innovative Energy, Inc., is researching and developing proprietary GTL and GTH systems in association with The University of Texas at Arlington. These relatively small systems can be scaled to meet the natural gas supply wherever it is available. The Company’s patented technology has been integrated into its patented commercial G-Reformer® unit. This unit is the core of a system that can be used to make hydrogen (GTH) or, when combined with a Fischer-Tropsch unit, liquid fuels (GTL), including diesel fuel blend stock, with an associated variety of valuable long-chain hydrocarbon chemicals or methanol. In addition to a robust return on investment, the systems solve a critical problem by enabling conventional transportation of the liquid offtake or by creating hydrogen at the point of consumption. More specifically, GTL can convert stranded gas to a liquid that can be transported by conventional logistical methods, eliminating the need for a pipeline where none exists. For GTH, the hydrogen can be created at the point of use, removing the costly need to compress and transport centrally created hydrogen. Finally, the unit does this in either case with unequaled efficiency and no airborne carbon emissions.

little vol

still no revs--report states they expect to have sales before 2024 end

💰0.0001 Pink Current, AS: 500M, OS: 416M, US: 206M

Note 1 - Organization and Nature of Operations
Organization and Nature of Operations
Greenway Technologies, Inc. (collectively, “we,” “us,” “our” or the “Company”), through its wholly owned subsidiary, Greenway Innovative Energy, Inc., is
primarily engaged in the research, development and commercialization of a proprietary Gas-to-Liquids (GTL) syngas conversion system that can be
economically scaled to meet individual natural gas field/resource requirements. The Company’s proprietary and patented technology has been realized in
Greenway’s first generation commercial-scale G-Reformer
TM unit (“G-Reformer”), a unique and critical component of the Company’s overall GTL technology
solution. Greenway’s objective is to become a material direct and licensed producer of renewable GTL synthesized diesel, jet fuels, high value chemicals, as a
byproduct of the conversion process and hydrogen, with a near term focus on U.S. market opportunities.
Both of the Company’s wholly-owned subsidiaries: Universal Media Corp and Logistix Technology Systems, Inc. are currently inactive.

Expert Market to Pink Current today, 8/8

10Q out 🚀

Page 16 of the Form 10K filed today reads
"In December 2010, UMED acquired the rights to approximately 1,440 acres of placer mining claims located on Bureau of Land Management (“BLM”) land in Mohave County, Arizona for 5,066,000 shares of restricted Common A stock. Early indications, from samples taken and processed, provided reason to believe that the potential recovery value of the metals located on the 1,440 acres is significant, but only actual mining and processing will determine the ultimate value which may be realized from this property holding. The Company is currently exploring strategic options to partner or sell its interest in this acreage, while it focuses on its emerging GTL technology sales and marketing efforts.
Seems to me the company should sell these rights to acquire the money to get the prototype unit built and tested; anything to move this stock forward.

No first-person info but good news this summer wouldn't surprise me; this is definitely not a dead play.
Hard to believe a possible globe-changing technology has been left on the shelf this long.
First it was fuel, then it was chemicals, later it was hydrogen, and what seems to be forgotten is the massive amount of water and electricity generated.
Somebody one day is going to pull their head out .... and recognize the potential.

So many rich oil 'wildcatters' and yet NONE willing to put up $15MM or so to possibly change the global landscape?
What about the world aid agencies, they don't see how this could bring, water, electricity,revenues to areas currently dying on the vine? They are about useless IMO. One trial balloon in Africa could show a way to change an entire continent that currently is more primitive than modern.
Money being pissed down every comical avenue politicians can find yet proven technology (at least on a very small platform at UTA) isn't deemed worthy of a drop of funding.

Think of how many view $15MM as play money worldwide (hell, this is only 1/2 the cost of an upscale CA or SF house these days) and yet what good use it could do via GWTI.
My money is on success for GWTI in the future - and this summer may be the starting point. My vote is for very positive results

Any updates on the Pennsylvania letter of intent?

Good news
Pete

Heard yesterday from a fellow investor who contacted the company that the LOI is still valid and company is still expecting it to result in a PO. Hope it starts moving a bit quicker than it has but greatly relieved to hear it is still open and has not been terminated.

GMEHydro is Green Mountain Energy Co. which has been around for over 20 yrs and is 100% clean energy. They are big in the NorthEast of the country and also in Texas. ---- https://www.greenmountainenergy.com/

I was unaware until just recently that GWTI also redesigned the Fischer-T machine (very old and established technology) used as the back end of the GWTI process w/ the G-reformer to adapt it strictly for the G-reformer. Have fingers crossed that the 2 G-reformers are ready to go sometime in Q1/Q2 '24 but completely in the dark into how long it will take to manufacture them. Wonder if they would send up the one G- reformer I think GWTI has to get the testing going and then send up the 2nd reformer when it becomes available. I am giving GWTI a couple of years to get things really going and maybe some stock appreciation but anything within 5 years will be most appreciated.

It amazes me how UTA has been able to come up with catalysts to turn syngas into fuel (diesel or jet), chemicals, hydrogen, I believe methane was mentioned (note this could be used by all major city dumps and there is next to unlimited methane gas in the ocean), and who knows how many other possibilities. As for the current G-reformers going to an electric power plant to turn into hydrogen, what happens to the balance of the syngas left after the hydrogen has been stripped, does it still contain other properties that would allow other end products to be produced or could it be processed simply to produce the vast amounts of water (I don't believe this is possible because water is simply H2O and they are stripping out the H but one never knows).

This technology does have world altering value IMO and that is why a measly $15MM or so holding up the initial prototype test was so damn frustrating. Once the hydrogen application shows to work exactly as planned (and there is absolutely NO reason it shouldn't) IMO there should be many suitors lined up at GWTI's door asking to have the same type of deal (with a nice buy in of company stock) for the oil and gas industry with the ability to change the arid lands of the world into arable lands.

For all his blustering but which IMO may be just plain BS, who should have jumped on this with both feet to advance clean energy and improved world living conditions is Bill Gates but IMO BG is simply looking out for BG.

I consider this electric company situation as a white knight saving the company for us initial investors. No other way I saw that would not entail the new investors completely wiping out current stockholders. I hope this new development saves the company and allows us current investors a chance to make a nice return on our investment. I am not looking for pie in the sky numbers (though they are not out of the question IMO) as even $1 to $2 would allow me to live my dreams.

This technology sounds like something Elon Musk would be all over. He’s got a few bucks to push this company forward. Wish I had his cell number.

/Does the hydrogen process only need the G-reformer as the natural gas will already be on site for conversion to hydrogen? As such, does it need the mini--refinery looking setup that GWTI has at their property near Houston?

Deos the natural gas to fuel or chemical process require the mini-refinery setup?

From what I understand they have to first get the G-reformer accredited as to safety (though they don't work with any real high pressure or finicky technology) and then do the test runs to achieve economical production.

Hope the transition to hydrogen also produces the same amount of water and heat as the fuel and chemical processes do or would there be no need for the heat/turbine setup when being used for hydrogen?

This is a godsend if this allows GWTI to finally be able to prove to the oil/gas and the electrical power industries that it is of great benefit. Could be a world changing technology for many desert areas of the world and for many disadvantaged areas where the income, water, and electric generation (in use with a turbine) could allow them to become prosperous.

I believe the strong interest in the Greenway units that produce hydrogen is two fold. First, the Federal government provides power companies subsidies for using hydrogen (green energy) Second, the units themselves can easily be transported to location on trucks. No need to transport hydrogen as it would be generated on site. Just need a natural gas source, which would already be there for the gas burning plants.

The news release sure answered a lot of the questions.
I am still somewhat surprised at going the hydrogen route
I would think many of the customers would go the chemical route as hydrogen would be hard to transport IMO but here I may be wrong.

Whatever, today's news release is sure a breath of fresh air for GWTI.

If you look at the news release and the recent 8K that they put out, you will see that they are now focused on hydrogen. They also received a letter of Intent to purchase 2 units to produce hydrogen to drive large power generators. That same company also is buying restricted shares of Greenway. How many has not yet been disclosed. The website has been updated and now mentions two new patents (shared with the University of Texas Arlington) it appears that they have finely found their footing. I am awaiting the next 8K report as it will have all the financial details.

Please expand on the hydrogen production statement. Has that now replaced the chemical products which replaced the fuel products?

I can't find anything on their website mentioning hydrogen and had no clue as to the first customer buying in info either.

Do you see any way this company stays afloat over the next couple of years and are we in a better place now than 6 months ago?

Any info will be appreciated.

It would appear that things are changing at Greenway. The switch to hydrogen production is a good move and their first customer is also taking a stake in the company, another good sign.

I fully agree with your points. Keeping shareholders informed does not require much effort. I also wonder why there are not some detailed explanations regarding the patents and why they are relevant to the industry. The very short note on each does little to inform or inspire confidence in the company.

A while back the company authorized the issuance of another 200 million shares or so for the purpose of raising capital. Not a bad idea. The problem is that you must communicate with people if you want to be able to leverage that potential. You don't gain much capital by selling shares of a company that has a share value less than a penny. My understanding is that one of the board members is afraid of his own shadow and is fearful of publishing anything that might draw the ire of the SEC. Perhaps the board should look at what other companies do with respect to communicating with the public at large and abandon their fearful, if not lazy, ways.

Something is inherently wrong with this investment on oh so many fronts.
1. The very small lab at UTA has proven over the last number of years that the process is safe (no high pressures or unstable materials that could cause problems, etc), the catalysts work for the original gas-to-fuel process and the newer gas-to-chemical products, the system doesn't require a large footprint or outlandish power requirements to run, etc. Bottom line is the system works.
2. What has been holding the company back has been said to be not having the funds to build an initial full-sized unit that can be set up to get Enginnering/Safety certifications for the plant, show the actual volume the plant can provide, and establish the profitablility of the unit in regards to value of output compared to costs to produce the output. Last I heard it was somewhere in the range of $15MM to get this unit up and running at the Wharton facility.
3. This technology could be world changing in being able to capture stranded gas worldwide, be able to use waste gases that today have to be flared from oil drilling operations or emitted into the air such as biomass ethane gas, etc The potential value is in the hundreds of billions of dollars. Yet they can't find some large gas, chemical, energy company, country that is mostly desert and could transform a lot of their wasted useless land into productive land that could be made arable with the water generated by the plant and small towns built with the electricity that could be generated from an attached turbine to the unit, or individuals that are quite wealthy so $15MM wouldn't cause them much damage should it prove ineffective? It just doesn't add up.
4. I know the company had an offer made to them a year or two ago that I was told looked pretty promising yet it was turned down by mgt, then within the last couple of months I was told by the company that they had 3 offers they were evaluating for potential partnership of some type and these were being considered. Well, it looks so far that they are going to be turned down.
Does mgt not realize the common stockholder at this juncture would jump at anything that would provide ANY chance whatsoever that the comopany can survive? Do they think a white knight is going to appear with just the deal they want? I question mgt as IMO this is looking so much like a lost cause and they are doing nothing as the water is rising in the small safety boat.
Why still have the UTA lab running? After years they pretty much know everything as to how the process runs so no new data can be forthcoming.
To me this is like having a new hydrogen powered engine that is totally proven out but it will take $25MM to get a prototype built and the company is saying they can't find a source to come up with the $25MM in a market that is in the hundreds of billions if not trillions worldwide.
Like I have been saying, something is strongly askew and it is damn frustrating to see no movement forward in years. Even a letter to the stockholders now and then would be greatly appreciated just to let us know somebody is doing something.

Mgt should either shit or get off the pot. As for the last 3 years I seem to have had about as much to do with running the company as they did and I haven't done a damn thing.

Pisses me off to no end that I invested over $60K about the same time the CEO invested (loaned) the company $95K or so per the quarterly report and I paid 10 cents per share and he got them for 7 cents + 18% dividend on his investment.

No wonder they have not been overly eager to move the company forward, they slowly bleed it dry and then take it over for next to nothing and then follow up on the offers that have been brought to them, which I have heard happened but have no proof as to that matter.

We know we have the goods. We know we are in deep crap as to financing and as a result should a good offer come it will take away most of the company but if it allows the current investors to at least get their investment back and possibiy even make a little then they should be chasing after whatever is brought to the table.

Of course, when you are making 18% on your money who gives a damn, right?

I'd have to classify me as a hostile investor at the current time with the hope that I can vote on throwing out the entire management and BOD team.

Come on Company. Management needs to wake up here. Shell Status soon

One of these days the Cowboys will win!!!

Tractman, you and I seem to be about the only 2 on this board. I live near UTA where GWTI has their prototype lab. Send me an email if you would like to talk as it is a very interesting story to this stock. petemantx@charter.net

Agree to all

Problem is if anybody ponies up the $12-16MM to get the prototype completed and move the company from square one, they will also probably want about 90% of the company in return so we current stockholders are left with very little.

Company has let go some very, very important people that leaves the future highly in doubt IMO.

Hoping for the best but unless we see a white knight (which is always more a wish than a fact) we aren't in too good a situation IMO.

The worst thing of all is that the technology, especially now that they would be converting the stranded gas to chemicals, screams as a major win for somebody and in the world of energy $16MM is peanuts. Can't believe some big boy in the energy field (either a company or a wealthy land owner reaping large royalties) hasn't had the guts to give it a go.

Guess the days of the true "wildcat" are over in the energy game.

I believe there is. The company is continuing to work with the University of Texas on new patents, which will make them more attractive to potential investors or other companies looking to buy the technology. Exactly why it is taking so long for them to reach an agreement with someone is unknown.

Is there any hope left for this company?

I heard a rumor they had a potential partner but were stubborn in the deal making process, I’m sure they want the best deal possible but I’m thinking time is not exactly on their side either. Might have to make a deal even if it’s not the one they were wanting. I feel exactly the same as you. I hope something happens soon. I’d hate for someone to beat them to the finish line simply because they were stubborn. JMO. I’m sure I don’t know all the facts.

Until we get official word I consider everything else I or anybody else hears just rumor. I hope there are definite legs to the recent price appreciation.

But at this point, I am not investing more until I know the prototype is paid for and starting to be built.

Plenty of money to be made without undue risk at that point IMO.

Maybe they already do have a partner. The stock is going up for a while now with no partner.

What stuns me with GWTI is that they cannot find a player that will pony up $15MM or so to get the prototype machine finished so that the technology can be confirmed.

I realize the money is somewhat stout, but for a technology that could change the world, literally, by changing many areas that are currently deserts in the world into arable, productive lands and make those areas self-sustaining with the value of the products (chemicals, agricultural, etc) they would bring about it is a mere pittance, especially when you figure they are operating in a financial circle that includes untold numbers of very wealthy energy corporations and individual millionaire/billionaires.

When you consider the amounts invested in drilling that don't have that great a record for paying off and consider that GWTIs technology has been running with no problems at a small prototype in the UTA lab for years, one has to wonder and shake their head at the lack of many persons trying to become a major investor in this technology. The science is new but the production process contains no rare materials, no untold high manufacturing pressures or systems that would cause a major safety issue, and the resulting profits per machine are pretty much a sure thing why wouldn't some large world foundation put up this small amount to possibly help millions of people worldwide?

I believe we have the science, we just need to find the right partner to advance the science.

I’m with ya Pete. I’m an East tx guy seems we share other interests as well. Hope we get some good luck soon .

Could there actually be a hint of progress moving forward for GWTI and the prototype plant?

Not counting on it but the trading has changed recently.

Nothing to get excited about yet IMO.

Sadly, I thought there were many wealthy people in the energy industry that would be able to see the tremendous opportunity of GWTI's technology, surely one or two very wealthy persons willing to back what will be a revolutionary new source of chemicals, water, and electricity to currently non-inhabitable areas, but they all seem to have their heads stuck where they can't see the light. Guess lemmings are the way of the world nowadays.

Disappointing.

Form 4 and Form 5 from March 10th show that the officer bought shares at $0.10, way above the current market price. This shows confidence and this could explode on little good news, definitely going to watch GWTI in the next coming days.

GWTI watch

GWTI watch

GWTI watch

At the last company shareholder's meeting. Now that they have refocused on chemicals as opposed to fuel for the end product could be a bit more.

Where did you get the $6MM number?

Anyone know what’s going on with these guys? They broke or ? Wish the company would say something, geez

Sounds good. Me too

I have heard the new avenue of natural gas to chemicals rather than liquid fuels greatly improves the ROI. Couple that with the new flaring laws for natural gas going into effect for Texas (not sure if the whole USA) and maybe someone in the energy industry finally realizes the $6MM or so we need to complete the model plant is not that big an investment to get this fabulous technology into commercialization.

Fingers crossed for 2021.

Looks like someone knows something? Or thinks they do?

Over 3 million shares today. Could we finally be heading towards $$?