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I read the disclaimer on the Stockbully website. They paid cash. Don't recall when the reactor was supposed to be finished or if they even made a prediction. You'd have to read the old PR's. I do know that Bowers told someone, months ago, that work had been started even though it hadn't. You could find that by reading old posts here.
How did you find out they paid stockbully $6000? I was wondering what they paid.... Was it cash or stock?
Wasnt this first plant suppose to be done by now?
Since you seem to have a good rapport with Mr Bowers, why not ask him how the heck he can be "working on" a facilty with no building permits. As a retired California Contractor, I can tell you that sort of thing is frowned upon.
If you really did talk to Bowers and he really did tell you that, the next time you call you should ask him to define "working on".
Expecting a pink CEO to talk straight is tantamount to asking the fox to guard the hen house. I've been on the sidelines waiting for some real news and I'm beginning to feel glad I have not bought in yet. How about they get one facility built first, 4 facilities, yea right.
I talked to Tom a couple of weeks ago and he told me they had 4 facilities that they are working on and the first one which is colusa should be producing and receiving revenue 4th quarter of 08. If you have some questions you guys should call him cause he has been very open with information to me.
Agree that we have not heard any useful positive news from CLME. They haven't even posted the 2007 rice straw harvest results yet. What about the results on the enzyme testing announced earlier this year?
It would be very good news if it was new. Colusa had an agreement of some sort with a refinery contractor more than a year ago. No mention of that was ever made again. Either that pr was bs or else this one is.
The fact that Colusa paid Stockbully $6000 to pump CLME is another big red flag IMO. It's been my experience that professional pumpers are hired by pump & dump companies. Legit companies seem to get by with normal press releases.
I've had some interest in CLME practically from inception and it seems to me they haven't accomplished much of anything since I became interested. I made some money here with their first run up and have waited on the sidelines since then for an announcement of completion of the permit process or anything that would indicate Colusa really did have a reactor in the works. So far they haven't shown me a thing.
I don't own any CLME shares at this time.
I don't get why exactly you think this news is bad. I took as they are going to help CLME go international with there technology. Help me out here.
BBI International Media
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"The agreement designates BBI Biofuels International as the designer and developer of a proprietary state-of-the-art biorefinery."
I thought they had a design and I'm sure I read they had a developer, in an old PR.
Colusa is smelling worse and worse. I wonder how much they are paying Stockbully to pump CLME?
About BBI:
BBI International is a renewable energy service firm that offers engineering, project development and project feasibility studies to clients worldwide. BBI also publishes Ethanol Producer Magazine, Biodiesel Magazine, and Biomass Magazine, as well as renewable energy publications in Canada and Australia. Each year, the world class BBI event planning team organizes many of the largest and most important biofuels and biomass conferences
From Scottrade:
COLUSA, Calif., Dec 12, 2007 (BUSINESS WIRE) -- Colusa Biomass Energy
Corporation (Pink Sheets:CLME), a biomass-to-energy company focusing on
bio-fuels for transportation, announced today that an agreement has been reached
with BBI Biofuels International of Denver, Colorado. The agreement designates
BBI Biofuels International as the designer and developer of a proprietary
state-of-the-art biorefinery.
BBI International is a company committed to providing the most thorough
feasibility studies in the business. Its team of engineers and market
specialists has an intimate understanding of bioenergy and agricultural
processing research and analysis, through decades of hands on experience.
Ethanol and biodiesel projects are at the core of its workload and expertise.
BBI International clients include future producers, existing producers, state
and federal agencies, and independent research groups.
"We are thrilled to be working with Colusa Biomass on this exciting project. Our
Process Engineering Team is second to none in understanding cellulose-to-ethanol
technology and implementing viable solutions in the near term," says Mark
Yancey, Vice Preside! nt of BB I Project Development. "Together with Colusa we will
develop a technology package that will be implemented on a global scale to
produce clean, renewable bio-ethanol."
"This agreement places Colusa Biomass on the leading edge of cellulosic
bio-refinery development. This proprietary design will incorporate the most
current developments in systems for the refining of ethanol from agricultural
harvest residues such as straw and agricultural wastes," stated Colusa Biomass
CEO Tom Bowers. "By using harvest waste, nothing is taken from the food supply.
When this production model is implemented in the United States, agricultural
residues and wastes will be available for refining ethanol to meet the needs of
worldwide transportation."
Colusa Biomass recently announced that it is featured on www.stockbully.com, the
multimedia investor relations source that seeks out promising and undiscovered
companies in the market place and enables clients to utilize multimedia
marketing to gain exposure through today's information highway.
About BBI Biofuels
BBI International is a renewable energy service firm that offers engineering,
project development and project feasibility studies to clients worldwide. BBI
also publishes Ethanol Producer Magazine, Biodiesel Magazine, and Biomass
Magazine, as well as renewable energy publications in Canada and Australia. Each
year, the world class BBI event planning team organizes many of the largest and
most important biofuels and biomass conferences.
About Colusa Biomass Energy Corporation
Colusa Biomass Energy Corporation is located in the heart of the Sacramento
Valley's rice producing area. Colusa Biomass Energy Corporation will produce
ethanol, silica/sodium oxide and lignin from waste rice straw, waste rice hulls
and other cellulosics. The Colusa facility will consume approximately 130,000
tons of waste biomass annually, producing 12.5 million gallons of ethanol and
16,800 tons! of sili ca/sodium oxide. Additional information can be obtained at
the website: www.colusabiomass.com.
Safe Harbor: Forward-looking statements in this release are made pursuant to the
``Safe Harbor'' provisions of the Private Securities Litigation Reform Act of
1995. Investors are cautioned that such forward-looking statements involve risks
and uncertainties, including, without limitation, continued acceptance of the
company's products, increased levels of competition for the company, new
products and technological changes, the company's dependence upon third-party
suppliers, intellectual property rights and other risks.
SOURCE: Colusa Biomass Energy Corporation
CONTACT: Colusa Biomass Energy CorporationTom Bowers, CEO, 530-458-8101tbowers@colusabiomass.comorInvestor Relations:e-media Direct, Inc.1-866-470-7084www.e-mediadirect.com
Doesn't seem like management has anything positive to report on the questions asked earlier. They shouldn't be surprised that investor confidence appears to be waning.
A question for management: Why don't you try to license the technology rather than spending HUGE amounts of money on building plants that may never produce???? I don't understand your strategy. There are so many large players, i.e. Dupont, ConAgra, etc. interested in this business. Why are we spending all of this money? Are you more interested in solving the Colusa County unemployment problem or making money for your shareholders?
It's really dropped over little volume
No news for months
The note that you refer to has been posted on the site for months. I have not seen any official announcements referring to to the projected commissioning timeline of the colusa plant, nor for any parallel activities anywhere else.
In September I posted some of the key questions I have for CLME mangement.
I look forward to an official update from CLME management on the CLME website or elsewhere. I guess that even an update on the harvest would be better than nothing.
Here is the note
A Note From Tom Bowers, President of Colusa Biomass
Here's a brief note on what's going on: We have prepared production quality substrate (from rice straw in our Colusa lab) in consultation with our chemical engineering firm and sent same to enzyme manufacturers for testing in real time conditions using their latest offerings; we have consulted with the leading European yeast manufacturing company regarding our hemicellulose and cellulose substrate for reduction to 5C and 6C sugars for their proprietary yeast (cultivated from bacterium derived from elephant digestive systems organisms) and we will be sending our Colusa Biomass process prepared sugars for their real time tests within the week. It has taken almost 18 months to coordinate these efforts with the scientists at these firms. As you might imagine, their time is in great demand and we're delighted to be in the queue with them at present.
We are paralleling development of our proprietary membranes for our reverse osmosis ultra filtration system to extract the silica sodium oxide and lignin from the hemicellulose - cellulose substrate prior to hydrolyzation and fermentation. We are focused on these items as they represent the final technical hurdles to scaling the Colusa Biomass technologies to full commercial scale.
These are some of what's happening on the inside. We have secured the acreage for our bio-refinery site in the Colusa Industrial Park and await the final lease form.
Please hang on as we believe that we're a great bet for the renewable fuels industry.
Tom Bowers
Could not find the note you refer to. Help, please?
Great writeup of Colusa's process!Thanks eom
No I didn't ask him where they were going to be at, I guess I was just to happy that we have 3 other plants in the works that I didn't know about.
Do you/anyone know where the other plants...
are being built? Are they in Cal? US? Somewhere in, say, Asia?
TIA
Has anybody noticed the note that Tom Bower left on the corporate website? I think its a pretty good note. Anyways I called the company today and talked to someone. I asked how the final permits and everything is going. I was told that on the colusa plant it should be producing and bringing in revenue by 4th quarter of next year. Also they are already working on 3 other plants which I thought was incredible news and had no idea they were doing that. Anyways thought you all would be interested in knowing this little info.
Highest volume in months today...Time & Sales
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futrcash
I live in California and have done consulting for a new biodiesel in the central valley. I was doing the preliminary permitting research upon land siting. I will tell you that one year for building and permitting is customary in California.
The state has not to this point done much for biofuel industry process streamlining. I would put the timing at one year from groundbreaking to commissioning. That is what Pacific ethanol ended up being along with most biodiesel plants (some early ones took 2-3yrs) have been .
I have been investing in this company since .03 cents over a year ago. I found out about them, when they were being discussed in a California Air Resource Board Meeting. My current stategy is to buy on relative lows and sell at $500 profit. I've been in and out many times and made about $15,000 of real profit so far. This stock is going to be up and down and hopefully mostly trending up for a long time.
Hopefully they will post when they are having their groundbreaking and I will be there. I love that this list is proactive and calls the CEO on a fairly regular basis. I just wish that they would be more active at the state level as they would get much needed free publicity if they did; attend ARB meetings, speak at state biofuel and green meetings be involved in clean cities and calstart. Doing these networking activities would probably help them be known and possibly get additional funding.
The state just issued a bond for a biodiesel facility (building almost complete) in Stockton, this is the type of thing that they should be pursuing.
Biodieselmama
SF Bay Area
Good question. A public announcement tells us that CLME has selected a 15 acre = 654 000 sq ft site for the refinery. A factory might cost $ 250 / sq ft to build. If other information is lacking we can always guess how much factory space there might be on the refinery site and calculate a cost, adding 30% for roads, fencing, holding tanks etc.
I'm wondering, how much this plant will cost to build? And how are they proposing to pay for it? Has there been something released about this, that I might have missed? TIA
Agreed, I think there are more potentials for CLME to give more public releases on a regular basis. The results of the fermentation enzyme trials would put one of the last pieces of the concept puzzle into place. After that it would seem to be an engineering / financing problem.
A previous post mentioned the rise in price as important for CLME to find investors. But with no new big ventures planned other than all the proof of concept activities, wouldn't that dilute current investments?
"Fermentation enzyme viability
Site planning
Ground breaking
Harvest complete
Building complete
Plant commissioned (switch on)
2007 production yield numbers."
Not a bad list but you need to include permits! also you're overly optimistic. There can't possibly be any production in 2007...Maybe in 2008 if they start moving on building the reactor soon.
Anyone buying the stock right now is speculating on success a year or more in the future with plenty of possible pitfalls between here and there.
Agreed that this is a potentially interesting share, otherwise I guess we wouldn't be here! The Harris report was interesting and the price enjoyed a positive move earlier in 2007 on the strength of it. Moving on from here I'd like to see results on:
Fermentation enzyme viability
Site planning
Ground breaking
Harvest complete
Building complete
Plant commissioned (switch on)
2007 production yield numbers.
Some of the chatter on this board earlier this week around trading and prices makes me wonder again if the recent upward movement is sheer speculation. However, having read the available public information and having followed this company for some time I remain committed. Given some firm positive news in the near future I would be more upbeat.
I think your statement is half of the equation related to CLME's future stock price. Investors will need to see progress by CLME but this will be enhanced by an increase in the pps. According to the statement below by the Harris Group the science and economics related to CLME's process are sound. This leaves us with one more critical factor that is necessary for the development of this new technology. Raising the necessary "capital" to build the first biorefinery. This last and very important factor is positively infleunced by an increase in the pps. Momentum is key for new technologies and I think CLME is well positioned to ride the wave. It has been and still is a risky investment but the upside is staggering. imho
Despite these risks, a respected engineering firm, Harris Group Inc. conducted a three-month-long preliminary engineering study of CBEC's plans that yielded favorable results, suggesting the company move forward with full-on engineering and construction of its first refinery. Doug Dudgeon, manager of process solutions for Harris, says the engineering firm will continue its role as owner-engineer on the project working side-by-side with CBEC's scientific staff. "The goal of the study was to give them a total technical and economical evaluation," Dudgeon says. "After looking at their plans from top to bottom to see if it made technical sense, and if they could make money doing it, we believe it's worth continuing to develop. Rice straw presents some unique challenges because of its silica content, but their business plan turns the problem into a valuable coproduct."
It will take much more exciting public announcements from CLME to get upward movement AND volume.
Jay,
I think your right about a slow climb until permits are granted and the construction begins. Once the facility is under construction .25 cent shares will be history. imho
I think that anyone with half a brain that looks at this will see what the potential is. I think this will slowly move up until we break ground on the facility. Once that happens, look out. I'm going to keep adding. This is a great idea.
Volume was a bit nicer today ~USD 100k equivalent, but no change in price. Again no public announcements to substantiate. Looks as if the rise all the way from higher teens has been on limited volume.
Is that shovels that I hear going into the ground? :)
Awesome moves this week. Someone must know something !
no cash ....aahhhhh ...sorry.
I should have loaded the boat at 2-5 cents
I'll do it if you do it, na na na na na !!!!!!
I want to do it just to see it at .30 :)
Can I get a buy? Even 100 shares. LOL
looking good right now. This is good stuff. I wonder why the jump. Does someone know something is coming? Whatever, I like it.
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