enthalpy, this should answer that question and then some:
In response to your question about the symbol change, here is where we are at. To say that I am frustrated and disappointed in Finra is an understatement. We filed all of the required paperwork and we paid the appropiate inflated fees to expedite the process. To no avail, we are still in the system. The commitee still has not completed their review. We were assured that it would not be much longer. Finra unfortunately has to answer to no-one which means they can execute at their own discretion with no possibility of recourse.
I can assure you that the symbol change will be done. The state of KY is waiting on it feverishly. We need it done so that we can get the IPO of the project underway so as we can unlock the enormous value of the project for the shareholders, of which I know everyone is waiting for. Once the first IPO is underway, we will basically be passing the baton to Shaw Group, and go into a business monitoring state so we will begin focusing back on Texas and Louisana with Brian Ettinger and his team of which I am sure you remember. That has been brought up to speed and have been interacting with us on a daily basis for the past 7 months. That will be another IPO.
The US Fuel Corp. shareholders will have 1 IPO for coal to green liquids & another IPO for Residual Refinery Oil to green Liquids.
Two sister companies working in concert with and against each other of which the US Fuel Corp. shareholders will be the sole beneficary of. A little competition is good for the soul, Right!!! Also, you asked about which fuel we will be producing. We debating that now. We will make either ultra-clean sulfur free diesel or Green Jet fuel. Green Jet fuel the air force wants unlimited quanities of and we can get another buck a gallon for it, in theory adding anither 210 million dollars per year to our bottom line. If they give us the guaranteed take-off agreement that is where we will go. It is in front of congress now being considered that the military can bind & guarantee take-off for alternative fuel companies for 20-years. Don't need to make this decision now because we can make whatever fuel that we so choose. It is nice to have such a level of flexibility. Additionally, no one knows what the fuel of the future is going to be. Rest assured, whatever it is, we just change the catalyst and out gomes the fuel of choice. Not like the Ethanol producers...
If we wanted to make ethanol we could but the energy balances just don't work or make any sense. It would be a waste of time and would not yield the returns to the shareholders that "COMMERCIAL" grade fuels return. Remember that I make my money the same way as you do so we are going to produce what yeild the highest return to the shareholders with market stability.
"COMMERCIAL GRADE FUELS"
Hang in there. Everyone will be greatly rewarded. Don't worry about stock price. The current price in no way reflects where we are and what is in store for the shareholders. When people figure it out it will be to late and the train will have been long gone. Remember the only way to receive your piece of the IPO's is you must be a shareholder of the parent company by a certain date. That date has not yet been determined by the board but it is coming. All project funding will be disbursed to the appropiate subsidary and the balance sheets of that subsidary will reflect the numbers appropiately. Two projects & Two IPO's. Also, each project with it's IPO will have the ability to expand their production by 300% over time thereby escalating Net Profit figures. Don't forget as plant size increases that the cost per gallon to produce drops in direct relation to the plants capacity. I can not release to you these numbers yet but we will be disclosing our GUARANTEED plants pro-forma very shortly. The numbers are potentially extremely significant. C.Y.A. Full disclosure under regulation FD will be forthcoming.
Have a great weekend. Looking foward to next week.
Robert : )
AI
