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Yep, time to move on. Made $3000 yesterday on UVIX. Got to take your lumps along with your successes. Particularly with startups trading on the pink sheets. It's all or nothing. It's not like they didn't try. They were regulars on the agenda at the Port of Natchitoches, but I think the rise in interest rates killed any opportunity for the financing that they needed. Now I think their Board is too old to pursue this endeavor. If it ever comes back to life it will be with new leadership.
Phillip
Nothing like seeing a 5,900% increase in your position in one day. Too bad it wasn't an increase from my average cost basis.
Phillip
No. Ihub removes the moderators when there hasn't been sufficient activity.
Phillip
Thanks.
Phillip
Does anyone know anything about a move to the "Expert Market"? Someone sent me a message saying that BMSPF moved to EXPM market on 11/15/22.
Phillp
100% short volume today. Whoever is shorting the stock sure is making my account balance look like a yo-yo.
Phillip
Thanks for the update. They certainly have a lot of things in the hopper. Most interesting is the work with Western Research Institute. The details of the pilot plant have been missing such as the production rate.
Not sure about Sunyani Energy. They seem like a shell company. Their address on their website shows up as a realtor building in New York. Maybe they sublet office space or it's an old google earth photo.
Thanks again,
Phillip
I always look for corroborative evidence of something going on at the Port. They don't publish nearly as much information as they used to, but a couple of "circumstantial" things have caught my eye looking at public notices in Natchitoches:
1) The minutes from the port of Natchitoches says the are working on getting a rail spur to the Northport Tract. This is the tract where BMSPF is going and they are proposing a rail spur with their project.
2) The Red River Water Way Commission has a port next to the BMSPF's proposed site. This port didn't start having regular meetings (at this location) until about a year ago and now they are suddenly purchasing up to 485 acres of mitigation land. Could be totally unrelated, but thinking about where timber is to be stored, I'm wondering if this is related. Could be a coincidence, but they went from 0-60 in 3.3 seconds. Could be for another project or ours. I'll need to read the minutes again.
Phillip
I don't pay attention to them either, but just curious what the game is that they're playing.
Phillip
Thanks. I just checked Sedar a couple of days ago. You have better timing than I do.
What's your take in the end of day paint? I did that once and got a nasty gram from TD Ameritrade.
Phillip
I certainly hope I'm wrong. We've had dozens of PRs before without any impact to price or volume. Back in the day they used to have an impact that would usually fade away in a few days. Recently it seems like when the market is down, this stock is up. Hoping for another down day tomorrow. :?-?)
Phillip
This stock seems to go up on down days. Sometimes I think that someone has a gazillion shares that they picked up sub-penny and they buy shares at a high price to raise their account balance to avoid a margin call. Just a theory, but I'd prefer it to be more substantial than my theory.
Phillip
What in the world? Haven't seen $0.015 in years. News or manipulation?
Phillip
Price and volume today. What's going on?
Phillip
You can always read the sec filings for yourself. If you think they are a bunch of liars, then short the stock.
Phillip
The language is in every IPO, but there is nothing to guarantee success particularly in this market.
Phillip
No. I keep getting new SEC notifications with revised filings. I think their share price has dropped so much that what they originally thought their uplisting would go for is no longer valid. They've also reduced the number of shares in their IPO.
Phillip
May meeting minutes are out from the Port. One thing that caught my eye was that Weyerhaeuser was mentioned. Probably just a coincidence, but I've always speculated that Weyerhaeuser would be the fiber supplier. I used to think it could be them or Plum Creek until they merged with Weyerhaeuser. Weyerhaeuser would have one of the largest vested interests in seeing biocoal take off. While processed lumber has been skyrocketing, the cost of raw timber has been plummeting. With the energy crisis, I could see Weyerhaeuser using their clout to find a niche for their raw timber holdings.
Curious if anyone else has this problem... Every morning my brokerage account shows BMSPF up 30% despite being the same price as the close from the previous day. Does anyone know what causes this?
Phillip
Nothing great, but consistent with the language the legal beagles put in any offering so that they don't get sued if something goes wrong. I'd be more worried about the effect of dilution associated with the new shares on the NASDAQ. The fact that management owns a significant amount of shares, I doubt they are doing anything that they feel will hurt their position.
Phillip
Moving to the NASDAQ:
https://sec.report/Document/0001393905-22-000114/
Phillip
You feel the need to vent is probably why you're here. It doesn't help anything. We've all lost money, but move on and find other investments. Penny stocks are all or nothing. I've lost thousands and I've made thousands. Early in my trading career it was mostly losing thousands which is why I gradually migrated away from penny stocks. I only have two now and found better strategies that have been more successful. I'm not hand wringing. I lost that feeling 15 years ago when I learned the hard way and was losing thousands. If this turns out to be another one of my bad investments, I have no one else to blame but myself. I knew what I was getting into. A startup company with no revenue.
If you've tied up all of your free cash in this company and can't move on, then yes, I understand your frustration. That was me 15 years ago. I like to think I'm older and wiser now, but there are stocks I still lose money on. Just not as often.
Phillip
It's been two decades, but I know of developer projects that have lasted as long. It will be interesting to see what comes of the pilot plant. Usually pilot plants aren't sized to handle a large load. I wish they could video the process.
Phillip
Thanks.
Phillip
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
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
With the change in reporting rules, does anyone know if BMSPF will still be reporting on SEDAR?
Phillip
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
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
Or if any of them are licensing opportunities.
Phillip
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
Coal mine capacity sold out for 2022
https://finance.yahoo.com/news/u-coal-miners-sold-2022-193402367.html
I said the same thing on the company's Facebook page. Maybe they'll listen.
Phillip
I wonder if that has anything to do with the little bit of volume we were seeing today.
Phillip
Thanks for the update.
Phillip
No problem. Sorry it wasn't anything big but shows signs of life. In June.
Phillip
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
Yea I got the same message. Frustrating. I'm hoping it's an error. Seems like there should be a way to buy but the rule was created to protect me from MMs. I don't get it.
Phillip
Not sure if this is good news or bad (or just a coincidence), but the Port approved a couple of leases with ADA Carbon Solutions which is already active at the Port. Sounds similar to Biomass, but looks like their process uses coal . . .
https://www.ecpgp.com/portfolio/ada-carbon-solutions-llc