Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Interesting that the Port's minutes are now mum about Project Skate. The silence is deafening. I have the gut feeling something is about to happen after this long silence.
Phillip
MM from Canaccord Genuity consistently has bids and asks. So does ETRF, GTSM, and CDEL. Playing both sides of the fence.
Phillip
Interesting, you’re right about someone picking up cheapies.
This is so damn thin it’s not even funny, any retail buying will send this to .05+ and I mean not more than a few million in real buys.
Insiders here own just about every share
Will pop, question is when?
Bid: 200k at .033 Ask 39k at .0038
Feels like a shakeout. Definitely someone is scooping up cheap share's below .0035
What do they know?
Well I mean I guess Jim gets paid by this shithole, they certainly haven’t made a cent over how many years?
Probably. Must be trying to get 0.003 cents per share while they can. Buying and selling shares being printed.
Phillip
Oh they’re diluting again?
Plenty of shares now, but there's a lot of activity by Canaccord Genuity on Level 2. Name should sound familiar to long term holders.
Phillip
Shares below .01 seem to be getting scarce. Level 2 only showing about 200k shares below .01 now. This will be above .01 in the 2nd Qtr. I smell progress!!
Wise man.
There is a reason some have accumulated millions of shares over the past 3-4 months. Just saying??
just started looking at this again. Might look to increase some holdings :)
I wish there were a simply way to "Like" this. I Like this. : ) Only reasonable person on this board.
Stupidest Board I've ever seen, Richard2 excepted. Repeat, Stupidest Board I've ever seen.
Oh are you a bag holder here thinking this is a good product? The one in his head? Hahaha this is funny.
What the fuck are you talking about
Richard2
Please join Waves on dry land!
Waves,
Clean up the language or get out of the water!
This is honestly the best answer I've ever heard.
He’s a penny stock ceo, in fact ceo implies there are more people than 1, who’s he directing? Other than the employees at kinkos to print and collate some more proposals.
What’s he going to do? Sell them an option to buy some wood pellets if he ever builds. Plant 10 years from now?
Oh Yah! Fucking Penny Stock Holders emailing and bothering the fuckign CEO you guys are insane! Dumb Fucks! God this thread is mental.
Stupidest Message Board Evuh....but kinda been saying that for a while. Where are our great moderators (who know shite from shite for stock, but come on, show your face for kinda being in the kn ow about something here; or at least being able to read the tea-leaves: Philip, and where the F is Whiny Wert what's-his-name?)
Now I hear pure shite about everything. This is the Stupidest Board ever. Satan-let me out!!!
Hey when are my dice comin up for me so I can retire? Lotto ticket? BMSPF Fo-Evuh!
Let's get RICH!
Sircooper,
The purpose of my email was not to gain a reply from Jim Carroll but to advance two issues: One, the shareholders are still watching and interested and Two, the wood pellet industry needs to get in front of the decision makers in the Power Generation Industry/Government. I found it odd the Oregon plant was focused on Asia and Europe as is BMSPF. It appears no USA company wants to be first. May be now with the Biden guys in charge, they may force the Power Industry to use the product in their "terrible" coal fired plants.
Anyone know a USA Congressperson who would champion this form of energy? All we would need is capitol hill sending letters to the Department of Energy asking about our investment (remember Solyndra?) in a climate friendly energy form (wood pellets) that allows for production surges when needed.
I contacted Jim within the last two weeks and have heard nothing from him. In the past, though he has been very tight lipped, he did respond to my email. Nothing this time.
finally seeing some trade
after a long time of quiet....hen all of a sudden
16 trades with sales of over 2 million shares...2,220,000
So are we finally getting the money to go forward?
No Response, the one I had previously sent, I got this response but that has been some time ago:
David I can only refer you to our recent press release (see attached)
Jim Carroll
Biomass Secure Power Inc
125 – 8590 Sunrise Drive
Chilliwack BC V2R 3Z4
604 807 4957
Chilliwack British Columbia February 25, 2019, Biomass Secure Power Inc. (OTC Pinksheets: BMSPF).
Biomass Secure Power Inc. (“BSP”) has received approval from Louisiana Public Facilities Authority to
increase the sale of tax exempt bonds from $88,536,000 to $140,000,000. Louisiana Public Facilities
Authority confirmed that the $28,536,200 of 2016 carry forward and the $33,166,600 of 2017 carry
forward allocated to the LPFA for solid waste facilities have not been allocated to any other project and
that Biomass can utilize $51,463,800 (all of the 2016 carry forward and $22,927,600 of the 2017 carry
forward) for the financing approved by our Board of Trustees in December of last year. This provides
sufficient financing to build phase one of the Biocoal plant to be constructed at Natchitoches Louisiana.
Wood LLC the EPC for the project has delivered a FEL 2 budget that allows BSP subsidiary Biomass Power
Louisiana to plan to commence construction on July 1, 2019. Bank of America Merrill Lynch have advised
that this timeline is reasonable for them to complete sale of tax exempt bonds.
The patented technology using fluid bed reactors to manufacture Biocoal in a single pass positions the
Company to move forward with its plans to become a world leader in the production of Biocoal, a
torrefied wood product that is a replacement product that can be used to replace coal in a number of
different industries.
The Company believes that Biocoal will play an essential part in the reduction of CO2 emissions around
the world as it reduces CO2 by 96% when used as replacement of coal in power plants.
Background: Governments around the world have been announcing plans to scale back or cease
electrical power generation from coal. To meet the announced deadlines a number of existing plants
must be converted to renewable fuels the next 5 years offering real opportunities for rapid growth. To
meet this demand BSP has plans to rapidly roll out five plants by 2023, with a total production capacity
of 5 million tonne per year. The modular design of the Natchitoches Plant lends itself to rapid
deployment at other locations. This growth plan is being drawn up to fulfill requirements currently
under discussion with several clients.
Biocoal has many advantages over white wood pellets: little or no CAPEX investment required to convert
existing production assets, little stranded capital investment at the power generator, 30% more energy
in each shipment reducing transportation costs. Biocoal is stabilized at the plant and can be stored
outside and may be handled like coal. Biocoal avoids 95% of the CO2 emission that would be generated
by the same quantity of fossil fuel. Operations at Natchitoches have a net beneficial effect on the local
forest. For more information please go to our website: www.biomasssecurepower.com.
About the Company: Biomass Secure Power Inc. is incorporated in the Province of British
Columbia and trades on the OTC Pinksheets under the symbol BMSPF. BSP is a development
stage company that plans to build a plant in Natchitoches LA. Public filings and financial
information for Biomass Secure Power Inc. can be found at www.sedar.com.
Safe Harbour Statement: This information includes certain “forward-looking statements”. The
forward-looking statements reflect the beliefs, expectations, objectives and goals of the
Company management with respect to future events and financial performance. They are
based on assumptions and estimates, which are believed reasonable at the time such
statements are made. However, actual results could differ materially from anticipated results.
On Behalf of the Board, BIOMASS SECURE POWER INC
“Jim Carroll
Jim Carroll, President - CEO
Your email to Jim was very well written and to the point!
You also gave Jim some potential offtake leads for him to explore!
Hopefully he will react to these leads and move forward and contact them.
Thank you for your effort and valuable input! It is appreciated.
Stay well!
Bull
Bull,
Here is my email to Jim Carroll, CEO, BMSPF. For whatever it is worth:
Dear Mr. Carroll,
I am current stockholder in BMSPF and have been for many, many years. You have a good product that should be in demand given the world's emphasis on Climate Change. With a new President in the USA and the Congress of the USA now in Democrat hands, the time is now to reach out with the idea of Biomass fuel to help solved the down generation periods in wind and solar. Texas just proved the need for a steady electricity supply that can surge when other generation systems fail.
But the problem in the USA is lack of Power Industry understanding of Biomass fuel and how it can solve major power generation issues. Below is a extract of an article about how PGE in Oregon shut down a coal power plant with 10-20 years of useful life because they failed to fully explore how Biomass is produced, delivered, and processed for use in coal fired plants. PGE thought the only Oregon based Biomass plant could only get the fuel to the plant by truck. We all know BMSPF will be able to move their product by truck, barge and rail. However, PGE gave up and took a large capital loss.
Please consider the following and please reach out to potential USA customers. In Ohio we have shutdown 17 coal fired plans over the past 7 years and more are on the line in 2021-2022. FirstEnergy, NRG Energy, Gavin Power LLC, AEP Buckeye Power, Dynegy, and Ohio Valley Electric all have coal fired power plants in Ohio with two (FirstEnergy) scheduled to close in 2021.
Here is the article extract I presented to BMSPF stockholders on IHUB.
I wonder why BMSPF is looking at Asia and Europe for customers when one exists in Oregon. Take a look at this section of an article written in July 15, 2020.
Once PGE decided it would no longer use coal to power the Boardman plant, PGE had to decide what to do with the facility.
The company briefly considered using natural gas as a fuel, but that did not please regulators nor customers. And while cleaner than coal, natural gas would still produce significant carbon emissions.
Corson said the company then considered torrefaction as a final option before closing the plant for good. Similar to roasting coffee, torrefaction chars woody biomass to a level similar to charcoal. This torrefied wood can then be used as an energy-dense fuel with a much smaller carbon footprint than coal.
Torrefied wood “certainly could be a viable fuel” at a plant like Boardman, said Matt Krumenauer, vice president of the U.S. Endowment for Forestry and Communities.
According to Krumenauer, torrefaction has benefits beyond the bottom line. It finds use for low-value wood, which in turn supports local timber jobs and can help make rural Oregon safer. Krumenauer, who is also the CEO of Restoration Fuels, said torrefaction can lead to a “reduction in wildfire smoke, reduction of overall wildfires.”
Currently, Restoration Fuels is focused on exporting torrefied biomass to factories in Europe and Asia. But the long term goal is to create a local market for biomass and the power it can create. Krumenauer and Restoration Fuels are currently building the first North American commercial scale facility in John Day, set to open this summer. (it is now operational)
PGE said the transportation costs were too high (trucking) but how did they get coal to their plant in the past. Simple: Rail.... and the BMSPF plant can ship by rail or barge.
My apology for such a long email but I feel we need to move forward at much faster pace if we are to be successful.
Thank you for your valuable time.
Regards
Bull,
You may note that PGE gave up on Biomass and closed the plant in October 2020. But now that Joe in in charge, there may be other coal plants looking for ways out of major capital losses. The PGE plant had another 10-20 years of useful life when it closed.
But I will take your advice and email Carroll. He may just blow me off but atleast he will know some of the stockholders are watching. Stay safe and well.
Volume means there is interest, methinks there might be something lurking here
Perhaps you could contact Jim (BMSPF) and inform him of this potential business opportunity? He may even pay you a commission for this offtake lead that results in an offtake!
I wonder why BMSPF is looking at Asia and Europe for customers when one exists in Oregon. Take a look at this section of an article written in July 15, 2020.
Once PGE decided it would no longer use coal to power the Boardman plant, PGE had to decide what to do with the facility.
The company briefly considered using natural gas as a fuel, but that did not please regulators nor customers. And while cleaner than coal, natural gas would still produce significant carbon emissions.
Corson said the company then considered torrefaction as a final option before closing the plant for good. Similar to roasting coffee, torrefaction chars woody biomass to a level similar to charcoal. This torrefied wood can then be used as an energy-dense fuel with a much smaller carbon footprint than coal.
Torrefied wood “certainly could be a viable fuel” at a plant like Boardman, said Matt Krumenauer, vice president of the U.S. Endowment for Forestry and Communities.
According to Krumenauer, torrefaction has benefits beyond the bottom line. It finds use for low-value wood, which in turn supports local timber jobs and can help make rural Oregon safer. Krumenauer, who is also the CEO of Restoration Fuels, said torrefaction can lead to a “reduction in wildfire smoke, reduction of overall wildfires.”
Currently, Restoration Fuels is focused on exporting torrefied biomass to factories in Europe and Asia. But the long term goal is to create a local market for biomass and the power it can create. Krumenauer and Restoration Fuels are currently building the first North American commercial scale facility in John Day, set to open this summer.
PGE said the transportation costs were too high (trucking) but how did they get coal to their plant in the past. Simple: Rail.... and the BMSPF plant can ship by rail or barge.
BMSPF better get moving and fast. Here is why:
One of the Endowment’s projects in the Pacific Northwest is finding long-term, market-based solutions to help mitigate the effects of wildfire and prevent megafires: The Restoration Fuels biomass torrefaction plant currently being built in John Day, Oregon.
Oregon Torrefaction, LLC, a benefit corporation created by the Endowment, along with partners Ochoco Lumber Company and Bonneville Environmental Foundation, is working to take torrefaction technology to the commercialization stage.
Through the funding of this plant, and its parent company Oregon Torrefaction LLC, the Endowment, along with its partners is helping to reduce the risk of megafires and provide jobs in rural forest-based communities. The plant will use tree thinnings and waste wood materials coming from stewardship projects in national forests to produce an environmentally-friendly alternative to coal. Read more info here: https://restorationfuels.com/.
December 19, 2020
As we wrap up a challenging year we are excited to have completed construction. We are confident about our operations and look forward to meeting customer orders in the first quarter of 2021!
So does this company issue stick to pay Jim Carrol? I mean doesn’t he peddle this bullshit full time?
Just more Shite from the Shite Shovelers in BC. Pie in the Sky, maybe someday we'll have a customer. At least now the tea-leaf reading "investors" (dumb speculators) get it that this turd isn't going anywhere until someone somewhere wants the product. Damn, I just want my money back. But alas, I am roped in with the tealeaf readers. Gotta wait. Who the hell knows, maybe this blind sow will find an acorn afterall....
The BMSPF Annual (2-12-2021) unaudited statements have been posted on SEDAR. I am afraid nothing is really new since the November 2020 statement. Same old "we are raising funds and will submit audited reports once funding is found".
Here is what I consider important statements about customers:
. Nature of Operations and Overall Performance
Description of the Business and Summary of Activities
No significant changes since we filed yearend October 28, 2020.
BSP has submitted off-take agreements to two Asian power companies and currently
discussing offtake terms. There are no guarantees that we will be successful.
Corporate History
On February 9, 2009, we changed our name to Biomass Secure Power Inc. (the “Predecessor
Biomass”)
On June 30, 2009; we legally amalgamated with 0625920 BC Ltd. (“0625920”), with Predecessor
Biomass as the continuing company.
The consolidated financial statements of the Company as of June 30, 2019 comprise the Company
and its wholly owned subsidiary, Biomass Power Louisiana L.L.C., a company incorporated in
Louisiana, United States of America on February 1, 2013.
Corporate Developments
The Company is in process of raising funds and will complete audit once funds secured.
New Energy Risk (NER) will issue insurance policy to guarantee plant performs as engineered.
NER is currently assisting BSP obtain $30 million loan that they will guarantee with an insurance policy.
The Company has been actively pursuing financing arrangements to allow it to fully implement its
Business Plan.
A large European power company is in discussion with the Company to secure supply of Torrefied
product to use in their power plants. They have indicated that they have interest in an off-take
agreement after they conclude testing. They advised the Covid 19 has caused problems and they will
not be able to move ahead prior to spring 2021.
BSP has received proposal from an Asian power producer to provide 400,000 tonnes off-take for
twenty years for two plants. We have submitted our proposal; they have asked us to assist in securing
a trading company to act as a middleman on contracts. A trading company has interest in taking on
role. We expect these discussions to take some time due to lockdown caused by covid 19.
Oh I don’t hold any of this stock, I talked to Jim a decade ago and realized quickly that he was an idiot who didn’t know anything about pellets... well, guess he knows how to make a living without working.
indeed. You are one of the only reasonable voices here. We are ALL suckers for holding this stock. Hope they find a customer. And gotta have a product. But they can have an agreement based on samples. Awaiting.
Totally Agree!!!!
You have to have a product first.
Furthermore, what we deal with in residential solar in Southern California is multiple things. Lack of Power Generation in Southern California; we buy from Arizona and Nevada. Aging grid. Hyrdro drying up. And Gov Newsome says all green power by 2035. I think California needs to "generate " its own power. Solar only produces during the day, and we don't want coal or nuclear. CEO of BMSP needs to reach out to Newsom and say we'll fire CA based bio-coal plants for night-time power. Get Jim Carrols's attention, or let me know how I can.
Well well well, it seems some people are starting to listen. Well, good. This thing is a turd from a stock perspective: may we all recover our money at least. Of course, if it goes well, then we do well. But the trajectory has proven that our money would have been better invested elsewhere - and not in other penny stocks, but Amazon?
I work in energy and trade, and one bullish note that hit me recently is that solar and wind are unreliable. We still need "fired energy" meaning coal, or gas, or oil, or whatever. I work in solar, and every day the sun goes down. There are hydro solutions; but as a country we are still mainly coal based. What if bio-coal replaced it? Night time energy.
Well the US, replacing coal is a pipe-dream. Maybe EU or Japan. BMSPF have their work cut out for them to find a viable customer. However, in the renewable space, I offer one reason why in a renewable portfolio there might be space for this company's product on large scale. Best~ W
Sept Document available on Sedar
Best to all
WW
I doubt it. I don't think the company can even enter the United States from Canada. At least last time I checked. Things could have changed. . .
Thanks for the update.
Phillip
WW is this your only stock? You call or contact the CEO?? Read the Sedar reports as I have said. Right before this, Philip moderator included, insanity ensued. Are they going to build a plant? We'd feel better if they were going to build a plant. Philip does you cousin know anything in LA? Such F*ing stupidity. Come on, get your heads right. Until there is a F*ing customer, there will be no building, no plant, no project, no Nada. I try not to say anything, then it is the same insanity: are they going to build a plant? Fuck Me for being a part of it. The day I sell this shit - which is further in the toilet - the better. I have soiled myself even saying this. F*
Some information on BMSPF.
Received a brief correspondence from Mr Carroll. He basically re enforced what we have been seeing in the quarterly statements listed on Sedar. He mentioned a number of companies have been impacted by Cov-19, as well as BMSPF. He also said they are working with several companies that want to use bio coal and believes it is a matter of time before they have a takeoff agreement. They are also looking at licensing for some of their patented technologies, and potentially a joint venture.
Best to all,
WW
Phillip,
Thanks for your reply.
Best to all
WW
He lives here in California, but was back home in Louisiana visiting when he took the previous pictures. To my knowledge he hasn't been back since. My guess is that nothing has happened based on the company's latest filings. Even the Port meeting minutes are AWOL since February. Not sure if it's because they haven't posted them or haven't had any meetings since then due to Covid-19.
Phillip
Followers
|
88
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
11963
|
Created
|
07/12/03
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |