Biomass Secure Power Inc. (BMSPF)

[Neverhadawinner]

Finally was able to capture the BMSPF management update:

Description of the Business and Summary of Activities
No significant changes since we filed year end October 28, 2021.
BSP believes that 2022 will see Company moving from development stages into a large-scale
producer of Biocoal. Several potential revenue sources are close to fruition, the development
of our technology licensing program, Biocoal sales to power plants and steel mills, each has
potential for multi-million tonne off-take agreements.
BSP will ship samples by end of February to several potential clients for lab testing, upon
satisfactory results commitments have been received for signing of MOU’s and payment of
down payments for samples ranging from 0ne to six thousand tonnes. These samples will be
burnt in power plants and steel mills and if expectations are met it will lead to long term offtake agreements.
BSP will deliver Biocoal samples containing 21.5GJ for power plants and 25GJ for steel mills.
BSP patented system allows
One client has shown interest in investing to rapidly expand growth in production.

[Neverhadawinner]

New SEDAR document out on BMSPF. Nothing new. Nothing accomplished. Same old BS. At least they update on time.

[PhillipD]

Thanks.

Phillip

[PhillipD]

I care. Just like I care about my 26 other positions, but like I've said before, this is a startup company. I went into this knowing the risk associated with any startup is that failure is a possibility. I won't complain if it happens when I knew the risk. My more conservative positions are what I rely on for retirement. Not this.

Phillip

[Neverhadawinner]

Please go to SEDAR and look up Kinross Gold and B2Gold. Both are Canadian companies. Then go to Edgar and look up the two companies. Looks like the same data to me. Just different form numbers.

[Waves70]

Philip, thank you for your posts here and your board sponsorship. You do seem to care a LOT about this turd. Who cares? It's a terrible stock. End of story. We all have spent bad money and now we just wait for some miracle. Honestly, about SEDAR, who cares given the history of this company? Sure, nice to have some sedar updates, but honestly, does it really matter? Does this really matter to you? Not attacking you, just seriously curious, are you that interested in this piece of S* ? No worries, maybe there will be some positive info. I was going to post a year old Enviva post. Are they that far ahead? Will the Yahoos in BC ever do anything? So glad the "build the plant" crowd has stopped. Nothing will happen until there is a customer.

[PhillipD]

Because the rules changed several mouths ago that companies that had foreign filings couldn't have new positions opened on the pink sheets. Biomass fixed this somehow but I don't know if it means that they no longer file on sedar.

Phillip

[Neverhadawinner]

PhillipD

Why would they want to change? Major Canadian Companies (B2Gold, Kinross Gold) report on SEDAR. And they trade on the NYSE. Seems our American view of the markets does not realize there is a much bigger world out there.

[PhillipD]

With the change in reporting rules, does anyone know if BMSPF will still be reporting on SEDAR?

Phillip

[Richard2]

You think they haven't been diluting? That they're actually running around trying to build a pellet plant for about a decade? This shit is such a joke, I mean what makes people but otc crap exactly

[Waves70]

They may not be diluting yet, but how are they going to get funds they need if they are basically broke? Also, they can consolidate shares and re-jigger numbers, I believe, which results in dilution. Happened to me with another penny stock. I don't really know what I am talking about, but perhaps you get the idea. This thing is so highly risky it is insane. As their reports always say, they have no experience in this, and there is a high risk of them ceasing to be a going concern. Dilution is the least of my concerns! "I am more concerned with the return of my money than the return on my money." -- Will Rogers,

[Waves70]

Richard2, I am sympathetic to your view about this company and their prospects. I regret my folly in putting any money into it. However, a couple of things keep me at least holding this position. 1) Over the years, they have more or less been the same people (incompetent probably); 2) they don't seem to be blatantly dishonest; 3) they file their SEDAR forms and info regularly in Canada; and 4) more than just PR releases, they have set up some not insignificant things in LA state at the port and with Bonds, should things move forward. 5) If it is true about the latest developments with Japanese brokers for testing and future use of their product, then that is a milestone that could lead to this project taking off. To your point, they don't seem to have money, anything with the port and bonds in LA is pie in the sky until it is real, and I have no idea what they can do from here honestly, even with their plan. I still wouldn't put a penny (new) into it

[wildwertski]

Thanks for your reply Phillip,

Yes, that could be. If my memory serves, I believe that Bmspf acquired all the River Basin patients in 2018. I guess we will just have to sit back and see what happens.

Best to all,
WW

[PhillipD]

I haven't heard anything. My guess is it will take some time since a pilot plant isn't designed for large production. I looked in the "help wanted" ads in Laramie to see if they were advertising for someone to help. Could be River Basin has people there. I'm intrigued by the agreement that must have been executed for Biomass to acquire the patent and assets of RBE. Company doesn't have any money. I almost wonder if a partnership was created with eventual control going to RBE's management.

Phillip

[wildwertski]

Any word on if the Company has made progress to reopen pilot plant to provide samples requested by several power companies?

So far, I haven’t found any updates.

Best to all,
WW

[PhillipD]

Never built anything - True.
Fluff PRs - True. But I'm glad to get any PR.
Share selling scheme - I haven't seen dilution of any magnitude compared to the number of shares outstanding (which are significant).

Phillip

[Richard2]

From Canada to Louisiana to Wyoming = bullshit and/or incompetent management

[Richard2]

If you’ve held ad long as you say then you know this is a share selling scheme and these morons will never build shit other than some fluff PRs

[PhillipD]

The Coming Coal Crisis
https://link.theepochtimes.com/mkt_app/the-coming-coal-crisis_4101771.html?utm_source=appan2028231

[PhillipD]

Or if any of them are licensing opportunities.

Phillip

[wildwertski]

"BSP will then supply 5,000 tonnes of Biocoal to five companies for test burning in power plants."

It will be interesting to find out which companies are taking on the Biocoal for testing...or if they are plants located in the US, or overseas...

Best to all,
WW

[PhillipD]

Every day I have articles pop up on my news feed about coal. Either supply issues or environmental issues. In the twenty years of owning this stock I've never seen so much chatter.

Phillip

[OCR8now]

There is LOTS of interest, hence why they are re-opening the pilot plant in Wyoming to produce large samples for customers to test in their plants. This will surely bring off-takes and licensing deals!

http://biomassmagazine.com/articles/18429/biomass-secure-power-to-reopen-wyoming-pilot-plant

[wildwertski]

With the amount of conversations going on about global warming and fossil fuel emissions, you would think the fact , that the torrefied product product Reduces CO2 emissions by 96% , would peak some interest in the energy sector….

Best to all,
WW

[Neverhadawinner]

BMSPF filed on October 28th the following on SEDAR.

Business Plan.
BSP business plan is to reopen Laramie Wy plant to provide 5,000 tonne samples to five companies to
test fire in their coal burning plants. This will generate $1.25 million in revenue and solidify long term offtake agreements.

Biomass Secure Power Inc. Patented Process Reduces CO2 emissions by 96%
Biomass Secure Power Inc. (BSP) owns a patented process that uses a fluid bed reactor to convert wood
fibre into a Torrefied, coal alternative.

This product has properties like mid rank coal and can be used as a
sustainable, cost effective, replacement in power plants. The product also reduces the plant’s CO2
emissions by 96% and requires minimal changes to existing plant equipment.

Our patented process allows BSP to produce torrefied product at similar costs of manufacturing white
wood pellets. Torrefied pellets have 21.5 GJ per tonne, white wood pellets have 17.4 GJ per tonne.

Governments around the world are requiring their power producers to reduce their CO2 emissions and
move away from coal. BSP believes that the time is ripe for our Torrefied product to be accepted into this
rapidly expanding market. BSP also believes that its Torrefied Biomass Briquettes will be a compelling
choice for power producers looking to convert from coal to a sustainable alternative.

According to Future Metrics, India has recently announced that all coal burning plants must mix in 5 to
10% biomass by end of 2022. This will create a demand for an additional 45m tonnes of Biomass.

BSP is in discussion with power companies in Europe and Asia about licensing our patented process.

This will provide these companies the opportunity to control their fuel supply and substantially reduce
their costs. BSP sees these partnerships as a mutually beneficial opportunity

Note the move by India to require 5%-10% of Biomass to be used to generate electricity in 2022.

[PhillipD]

Coal mine capacity sold out for 2022

https://finance.yahoo.com/news/u-coal-miners-sold-2022-193402367.html

[wildwertski]

Thanks for posting, very interesting indeed. Getting potential customers to sample the product would be a great start.

Best to all, WW

[dragon_warrior]

Great news last week, the fact we're getting some updates tells me they're closer than before.

Not many shares under .01 - this moves on air

[Waves70]

All interesting and is what I have said for years was necessary for any action in this speculation to advance. The winds are right though, and these signs are positive. Until I see a sale, and off-take agreement, or the like, we are just wringing our hands. I hope they get there. The winds are in our favor. Best to ya Board and to investors.

[Neverhadawinner]

OCR,

Well the SEDAR news is now getting seen and this news is super. India is a great place to start the license program. A fee for the License and a per ton surcharge would really help the cash flow process. It also means a possible start up in 2022 for our LA plant.

I wonder where the cash will come from for the test plant start up? And I am not sure it is 1,000 tons per customer or 5,000? But the CLIMATE CHANGE politicians around the world have made it clear: NO more coal. And what about China? It is having a difficult time getting coal now. Wait a year or two and their coal plants may sit idle. Not good.

[OCR8now]

According to the PR today, 5 or more companies are requesting large samples in order to run tests.

Torrified pellets will be in high demand, especially with coal prices so high. 233 a tonne!

https://markets.businessinsider.com/commodities/coal-price

[PhillipD]

I wonder if that has anything to do with the little bit of volume we were seeing today.

Phillip

[OCR8now]

Opportunities for licensing in India:
622MT (million tonnes) coal used for power production in India 2020.
If 5% is replaced by biomass pellets they would need 31MT.
More than half of the worldwide pellet production now.

https://m.economictimes.com/industry/energy/power/india-tweaks-policy-to-use-biomass-pellets-in-coal-fired-power-plants/articleshow/86888252.cms

[OCR8now]

News out!

https://www.otcmarkets.com/stock/BMSPF/news/Biomass-Secure-Power-Incto-Reopen-Pilot-Plant-in-Laramie-Wy?id=326862

[wildwertski]

Good to hear we are compliant.

Best to all,
WW

[Neverhadawinner]

Well the wait is over. OTC has now listed the SEDAR data for BMSPF. This means they are "PINK" compliant. So we can continue to trade this stock. However what we do need is a off take contract for pellets. With Biden in office, where are the electric power producers with "hated coal plants"? Have they all switched to Natural Gas?

[wildwertski]

Thanks for posting.

Best to all,
WW

[PhillipD]

Thanks for the update.

Phillip

[Neverhadawinner]

BMSPF Annual Summary as of June 30, 2021 was published on SEDAR on September 14, 2021.

Still no take off agreements. No agreements: No plant: No business.

I found the following items to be on interest:

The company is currently
dealing with Daichu Corporation, who have brought two large power utilities to the table. At the
present time discussions are ongoing regarding licensing agreements to build several plants in
Asia. Terms of the agreement are being discussed and will include an upfront fee and a royalty
payment over the term of the license usually 25 years

The Covid 19 Virus has caused many companies in Europe and Asia to delay new projects, including the
change from coal to renewable fuels. We are of the opinion that a large demand for Biocoal exists but will
take an extended period to be developed.

Wood LLC the EPC for the project has delivered a FEL 2 budget that allows BSP subsidiary Biomass
Power Louisiana to commence construction at Natchitoches when the Company secures an off-take
agreement.

[wildwertski]

Well, just for fun, I entered a few buy orders of some penny stocks that were not pink current to see if ETRADE had put that no buying rule into effect yet.

Yep, they have put it into action. All orders were rejected for these stocks......

Best to all,
WW

[PhillipD]

No problem. Sorry it wasn't anything big but shows signs of life. In June.

Phillip

[wildwertski]

PhillipD, Thanks for posting.

Best to all,
WW

[PhillipD]

Port Meeting Minutes from June . . . .

NATCHITOCHES PARISH PORT COMMISSION
June 22, 2021, Regular Meeting
Present were Nettles Brown, William Allen, Ralph Ingram, Dan Simmons and K. David Zachary, Commissioners. Also, present were Travis Tyler, Executive Director of the Port, Mickey Chambers, Assistant to the Executive Director of the Port, Wendell Luneau, Corporate Sales Executive with Brown & Brown of Louisiana, LLC and Erika F. Cedars of McCoy Roberts & Begnaud, Ltd., legal counsel to the Commission.
An insurance proposal was presented to the Commission by Wendell Luneau, with discussion afterwards.
A motion was made by Mr. Simmons, seconded by Mr. Ingram, and duly carried to approve the minutes of the May 17, 2021, Commission meeting.
As part of the Director's Activity Report, Mr. Tyler reported:
1) approximately 188,000 tons of material have moved through the Port year to date; 2) there has been an increase of locomotive usage by both ADA and Custom Commodities;
3) Madden is increasing its train usage over the previous month; and
4) Kisatchie Chips has started chipping pine in addition to hardwood; and
5) he met with the U.S. Army Corps of Engineers representatives at the Red River Valley Association to discuss possible solutions for the erosion issues the Port is facing. A motion was made by Mr. Ingram, seconded by Mr. Allen and duly passed approving Mr. Tyler and Mr. Brown meeting with U.S. Representatives to discuss and ask for support for solutions for the erosion issues at the Port.
Also, as part of the Director's Report, Mr. Tyler provided updates on several projects, including:
1) Project Titan - the Port was knocked off the project's list due to the presence of wetlands;
2) Project Drill Ñ the company wants to handle the transportation of crushed material, but have another company do the crushing;
3) Project Milton is still working with LED and will visit the Port again;
4) Project Green Ñ Mr. Tyler had a conference call with representatives and is moving forward with potential expansion of the Port which could bring in 1,000 barrels a day by barge; 4) Project Lloyd, a new project applied for by the Port, is a metal recycling facility that would utilize 60 to 80 acres of land and would infuse approximately $150 to $200 million in capital investment and provide 100 +/- full time jobs;
5) Project Patty, another new project applied for by the Port, is a steel manufacturing company that would barge Òpig ironÓ and utilize 60 to 80 acres of land and provide 360 +/- full time jobs.
Finally, as part of the Director's Report, Mr. Tyler reported:
1) he continues to have potential discussions with parties interested in grain facilities;
2) he has been in talks with parties regarding liquid fertilizer;
3) Piney Woods contacted the Port regarding the potential purchase by the Port of some of its property. It is getting the property appraised;
4) Terral is not expected to renew its lease at the Port and interested parties have contacted the Port, one being a local construction company looking to store materials;
5) BioMass representative, Mr. Carroll, corresponded with Mr. Tyler stating BioMass signed a MOU with a company from Japan and Mr. Carroll would follow up with a phone call. Mr. Tyler has not received a phone call as of the date of the meeting;
6) he met with a local timber company that hauls in and out of Kisatchie Chips. It is considering hauling logs after they have been delivered and potentially utilize the chip pad to store logs;
7) talked to a Houston group looking at one time project of loading barges with 12 control shacks (2 shacks per barge) being built in Minden for a facility it is building in New Orleans;
8) met with BNSF through KCS and they are looking at bringing in pallets to unload and will need a center beam location.
After the Commissioners reviewed the May 2021 Treasurer's Report, a motion was made by Mr. Allen, seconded by Mr. Simmons and duly carried to accept the report, a copy of which was available for review.
In Old Business, Mr. Tyler reported the following:
1) no new information regarding capital improvement;
2) regarding the Dock 3 Repair, the Port has received an extension until October to stabilize Dock 3 and returning it to a usable form.
In New Business:
1) after discussion regarding new insurance policies, the discussion was tabled until the next regular meeting;
2) Terral has decided not to renew the lease utilizing truck scales and asked if he Port was interested in purchasing the scales, appraisals will be requested.
A motion was made by Mr. Ingram, seconded by Mr. Simmons, and after a unanimous roll call vote, the Board entered executive session to discuss litigation matters.
After exiting executive session, a motion was made by Mr. Allen, seconded by Mr. Ingram and duly carried that the meeting be adjourned.
616-21 08/19

[wildwertski]

It appears Etrade is not waiting until Sept 28th to suspend buying on Pinks that are "Stop", or "Pink no info" . They are putting this into action on August 27th.... I imagine after this, it will be tough to sell these stocks if no one is able to buy them.

Best to all,
WW

[wildwertski]

Received the message today from ETRADE regarding the new rules on NOT being able to trade non reporting OTC companies. Hope BMSPF and others will get themselves up to date and reporting....

Best to all,
WW

[Neverhadawinner]

OCR

May I ask how you know BMSPF is working to get the SEDAR data transferred to the OTC?

[wildwertski]

OCR8now, Thanks for posting this info. Hopefully, BMSPF will get themselves up to date.

Best to all,
WW

[OCR8now]

SEC rule change info:

https://blog.otcmarkets.com/2021/07/01/otc-markets-group-answers-frequently-asked-2-11-rule-change-questions/

[OCR8now]

The new SEC trading requirements go into effect September 26, 2021.

BMSPF is a Canadian company.
They are current on SEDAR, the Canadian equivalent of the SEC / OTCBB for disclosure of company financials.
BMSPF Is currently working with attorney's to transfer this information from SEDAR to the OTCBB in order to meet requirements to continue trading under the new rules.

Below is an article discussing in more detail the new SEC rules.

https://blog.otcmarkets.com/2021/01/26/transforming-the-otc-markets/

[wildwertski]

When will this go into effect? I noticed it was still trading today. 7/26

Best to all,
WW