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What about my posts petrit? Should'nt I be included in your ramblings about SYNJ? You pick on Tall all the time but don't forget about me man. SYNJ is about to ROCK AND ROLL and knock your socks off.
That does'nt work Jimmy when we have Merrill Lynch naked short selling SYNJ, but its about to catch up with ML. When SYNJ pays a Divvi it should help clean up the short selling and put a big squeese on the naked short selling. Thing is subpenny stocks never give divvis but SYNJ does. Also most subpennys don't make it into the pennys or dimes. Merrill Lynch has put many subpennys in the celler and never looked back but this one "SYNJ" has got his attention, why? because Merrill is extremely short because he naked short sold the crap out of SYNJ (phantom shares he did not have) and thus can't cover the oct, 19 divvi SYNJ paid to all share holders at that time. I know he sold phantom shares to TDAmeritrade and also Zecco and I don't know how many others yet but I'm pretty sure Scottrade has a pile of phantoms. See, what is happening here now is TDA clients are pi$$ed off their divvis never got credited and TDA is now looking into legal proceedings with ML to get their clients the divvis. Every one here who also has divvis with your Zecco account will find out if you call zecco the divvis have still not arrived from ML, just phantom shares in your account to apease you. Think I'll call Zecco again right after I speak with TDA and try to get them involved with putting the pressure on ML.
See what sucks here that many have wondered about is why do we have evidence SYNJ sent the divvis to TDA and yet TDA blames Merrill Lynch for the hold up. Because Merrill Lynch short sold an A$$ Load of SYNJ stock into the market and TDA was getting these phantom shares, they new it and they put a buy side restriction on SYNJ Stock. So what now? The BOD have already voted on another stock dividend but have'nt voted on a declaration date, this was probably just a little threat intended toward ML to get this divvi crap worked out. Well obviously we need another divvi to iniciate the squeese. I hate to say this part but if you could look at how short ML really is with SYNJ you may just have to agree with petrit on the O/S or Float shares. However most are phantom shares and when the next divvi comes we should see a healthy squeese. Bring it on Brian. imo
Big buys on the 2's coming in. Tall any new info on the Pinnacle Energy case, or TDA/ML?
Senate Deal Includes Ethanol and Biodiesel
Thursday, 09 December 2010 12:34
A renewal of the ethanol blenders tax credit, reinstatement of biodiesel incentives and help for wind and solar companies have all reportedly made it into the Senate compromise that extends both unemployment benefits and expiring tax cuts.
According to the Renewable Fuels Association, the compromise legislation would extend the current Volumetric Ethanol Excise Tax Credit (VEETC) just through 2011 at the current rate of 45 cents per gallon. Additionally, the package with also extend the offsetting tariff on imported ethanol through 2011. Both policies are set to expire at year’s end.
“Ethanol producers greatly appreciate the determination of those members of Congress who worked tirelessly to continue America’s investment in ethanol production,” said Chuck Woodside, RFA Chairman and CEO of KAAPA Ethanol in Minden, Nebraska. “As a farmer-owned ethanol producer, extending tax incentives for ethanol use is a critical step allowing ethanol to compete with a heavily subsidized oil industry. We are committed to the process of responsible reform of ethanol tax policy, but such a process would have been infinitely more difficult in the absence of the existing tax policy.”
Listen to Woodside's full statement here: Chuck Woodside
Growth Energy CEO Tom Buis says the action means more time for the industry. “An extension of the credit will give the industry certainty, and Congress the opportunity, to move forward with reforms that will remove the infrastructure barriers to the fuels market, such as our Fueling Freedom plan, next year,” Buis said in a statement.
The law will also reinstate the $1 a gallon biodiesel tax credit, retroactively for 2010 and through 2011, according to Sen. Charles Grassley (D-IA). “Our country spends more than $730 million a day on imported petroleum,” Grassley said in a statement. “Letting these items lapse would be a textbook case of penny-wise, pound-foolish legislating.” In addition, Bloomberg reports that a tax-grant program for wind and solar-energy companies will be extended for one year under the deal.
http://www.greenpowersource.net/biofuel/12302-senate-deal-includes-ethanol-and-biodiesel
No, NO, NO, NO, The disappointment has happened all year and now I am setting myself up for some action, movement, and some more divvies that will only help put the presure on ML and with the tax credit going back into effect SYNJ is about to leave the basement and SP is about to go through the roof. I know there are a lot of bag holders here but take that bag and hang it next to the stockings because Santa is coming on his sleigh retrofitted and modified to run on biodiesel (New Government Regs for Santas Sleigh) and he's bringing billions of pennys for all the SYNJ stock holders who have been a good boy or good gal this year.
I'll Second that, !!!GOOOOOOOOOOOO SYNJ!!!!!! We should see some action here early to mid next week, Unless Brian has enough confidence in knowing the tax credits will go through he may just jump the gun and give us an update tommorrow, I think the lapse of the credit at the begining of the year put a huge thorn in the side of all Biodiesel producers and expecially it put a thorn in the side of all would be Biodiesel producers. SYNJ is ready to comence and expedite production but the profit margin is to thin without the tax credits for producers and blenders alike, Keep in mind the country is under government mandate to produce a certain amount every year and increasing hugely each year. Once again !!!!!!!Go SYNJ!!!!!!
Yes it looks that way Jimmy, Good things hapening for SYNJ!!!
WASHINGTON – The White House and key lawmakers cleared the way Thursday night for swift Senate action to avert a Jan. 1 spike in income taxes for nearly all Americans, agreeing to extend breaks for ethanol and other forms of alternative energy as part of the deal.
Tax provisions aimed at increasing production of hybrid automobiles, biodiesel fuel, energy-efficient homes, coal and energy-efficient household appliances would be extended through the end of 2011 under the bill.
Debate on the expanded measure began almost immediately. While there is no precise timetable for passage, a test vote was set for Monday afternoon that appears likely to demonstrate overwhelmingly support for the legislation, which supporters say would help accelerate a sluggish recovery from recession.
The events unfolded as the White House predicted that the agreement between President Barack Obama and top Republicans would clear by year's end — even though House Democrats voted Thursday not to allow it to reach the floor without changes to scale back tax relief for the rich.
"If it's take it or leave it, we'll leave it," said Rep. Lloyd Doggett, D-Texas, after a closed-door meeting in which rank-and-file Democrats chanted, "Just say no."
"The deal will get passed," said presidential press secretary Robert Gibbs. There were no predictions to the contrary among senior Democrats on either side of the Capitol.
As announced by Obama on Monday, the deal would extend tax breaks at all income levels that are due to expire on Jan. 1, renew a program of jobless benefits for the long-term unemployed that is due to lapse within days and implement a one-year cut in Social Security taxes.
At the insistence of Republicans, it also includes a more generous estate tax provision. That, in turn, infuriated Democrats already unhappy with Obama for agreeing to extend personal tax cuts at incomes over $200,000 for individuals and $250,000 for couples.
The two-year cost of the plan, estimated at about $850 billion, would further swell record federal deficits.
Despite significant criticism from fellow Democrats, Obama has said the sweeping measure is necessary to help the struggling economy recover from the worst recession in decades. With unemployment at 9.8 percent, a top White House official warned Democratic critics Tuesday they risk sending the economy back into recession if they block the measure.
In the Senate, the emergence of bipartisan legislation also indicated progress for the White House and Senate Majority Leader Harry Reid, D-Nev., toward possible year-end passage of other major items on their agenda.
Obama has made ratification of a new arms control treaty with Russia a top priority. The White House is also pressing Reid to try once more to end the Pentagon's 17-year ban on openly gay members of the military.
Republicans have vowed to block action on all legislation until a tax bill and a year-end government spending bill have been resolved.
Senate Republican leader Mitch McConnell has said he expects most of his rank and file to support the huge tax bill. Prominent House Republicans back it, too, although they have generally refrained from speaking out at a time when doing so would divert attention from the spectacle of Obama at odds with lawmakers of his own party.
Rep. John Boehner of Ohio, in line to become House speaker when Republicans take power in January, "supports the framework as agreed to by" Obama and McConnell and spoke with the president about it over the weekend, a spokesman said Thursday.
Rep. Paul Ryan of Wisconsin, whose views on economic issues are influential among House Republicans, also swung behind it. "While I have concerns with some specific aspects of the plan, I support the proposed framework to avert further economic hardship and provide a first step to restore the foundations for sustained growth and job creation," he said in an interview.
Among the energy tax provisions added was an extension of the current 45-cent per gallon subsidy for ethanol, at a cost to the Treasury estimated at nearly $5 billion. The issue is of particular interest to lawmakers from Midwestern states with grain crops.
The changes did nothing to ease the opposition among some critics, though. Liberal Sen. Bernie Sanders, I-Vt., attacked the measure's tax breaks for the wealthy as a threat to the middle class.
The energy-related tax provisions will presumably increase support for the measure in the House, officials said Democrats there are eager to see a scaling back of a provision that would allow estates as large as $5 million escape taxation.
Speaker Nancy Pelosi, D-Calif., said, "That was a bridge too far for many of our members" already upset about Obama's decision to bow to Republican demands for extending tax cuts on individuals making over $200,000 and couples earning more than $250,000.
Under the estate tax provision, the first $5 million of a couple's estate could pass to heirs without taxation, and an additional $5 million for the spouse. The balance would be subject to a 35 percent tax rate.
According to a Tax Policy Center estimate based on census data, that would mean only about 3,500 estates would be liable for taxes in 2011, out of more than 2.5 million forecast to be filed. Barring legislation, about 44,000 estates would be subjected to taxation in 2011, the groups said.
Some Democratic officials suggested a relatively minor change to the estate tax portion of the Obama-GOP deal might assuage critics of the plan. If accepted, however, it could come at a price in the form of additional concessions to Republicans, several officials said.
Vice President Joe Biden has told Democrats in closed-door meetings this week that they are free to oppose the agreement but it might unravel if they do, according to officials familiar with the discussions.
Whatever the disagreement over the economic wisdom of renewing tax cuts for the wealthy, the legislation also marks the emergence of a new era of divided government following midterm elections in which the Republicans won power in the House and gained seats in the Senate.
Privately, several House Democrats complained that the White House had not consulted them while negotiating a deal with McConnell.
The House passed a measure last week that would have let the tax cuts lapse at higher incomes, but Senate Republicans blocked it on Saturday — with the knowledge the president had already agreed he was ready to sign a measure that was more to their liking.
Democrats and Republicans have spent two years gridlocked over the question of extending the expiring tax cuts, and Obama has characterized his compromise with Republicans as a temporary, two-year concession on a policy he opposes.
House and Senate Democrats debated privately in the weeks before the elections whether to hold votes on the issue. They decided not to at that time after lawmakers who were seeking re-election said they would prefer not to have go on record if it meant Republicans would attack them for raising taxes on small businesses.
http://news.yahoo.com/s/ap/us_tax_cuts
Cap, alot of peeps do understand, and you are right about a continuation rather than a big change. In all reality it is Bush's tax cut Bill, is that right? I just like the part about the biodiesel tax credit to go back into effect because I think that is one thing SYNJ needs to get the ball rolling and be able to make a profit in the production...
nice hits on the 5's coming in
Hi edegoc, yes we are going to the roof soon, just have to get above the floor first. Go SYNJ
Cap I completely agree with you, I voted for the other guy and Gal. Its not over yet Cap, There is still room for compromise in that bill.
Sounds like petrit shared some of his medication with you Cap. Good Times,
Go SYNJ
Biodiesel RIN prices trend higher
By Erin Voegele
Posted Dec. 9, 2010
Although the U.S. biodiesel industry has struggled since the lapse of the $1 per gallon tax credit, renewable identification number (RIN) prices are currently trading high enough to fill that void. One factor that seems to be contributing to the relatively high price of RINs is the volume requirements mandated by the U.S. EPA under the renewable fuel standard (RFS2).
In late November the agency released 2011 volume requirements, which consists of nested mandates. According to the release, 1.35 billion gallons of advanced biofuel must be consumed next year. Of that number 800 million gallons must be biomass-based diesel. Since biodiesel is currently the primary commercially-available advanced biofuel, the agency notes it will likely be used to meet the vast majority of the 1.35 billion advanced biofuel mandate.
According to Sam Gray, a renewable fuels trader with VICNRG LLC, 2010 biodiesel RINs hit an all-time high on Dec. 8, trading at 96 cents per RIN. Since each gallon of biodiesel that is produced generates 1.5 RINs, that equates to $1.44 per gallon, which more than offsets the lost value of the expired $1 per gallon biodiesel tax credit.
Although prices began slipping Dec. 9, Gray notes that they could easily remain in the 80 to 90 cent range for the remainder of the year. The good news for biodiesel producers is that the RIN system seems to be working as it was intended to by the EPA. “[RINs] are doing their jobs, they are doing exactly what EPA intended to do; to recognize the subsidy behind the gallon of renewable fuel to try to get favorable blending economics—or something resembling decent blending economics,” Gray said. “RINs are performing well within the mandate RFS2.” The biodiesel market in 2011 is expected to remain tight, which should ensure relatively high prices for 2011 biodiesel RINs as well.
Thats right JimmyCrickets, the countdown has begun.
Nice, Me too
LMAO.. funny
Yes it looks that way, good day here for SYNJ, volume looking better, bid suport looking better, and 2's getting hit. Go SYNJ
You're right about that JimmyCrickets. A/S is 10 bil right now but as far as I understand O/S is under 5 Bil. Do you know why A/S had to be increased? Because between only 4 or 5 longs we hold between 2 and 3 billion shares as far as I can tell, we damn near owned a voting power in SYNJ and thus the increase in A/S. If you take that into account with most longs on this board holding strong that would put the current trading float much lower than 1 bill. I really don't understand how petrit comes up with these numbers such as 12 bil O/S? unless he is actually looking at Merrill Lynche's Short posistion.
LOL, We will ask Laporte to build an extra tuff one so SYNJ will not be broken.
Masterlu I agree. I've shared similar understanding, many frustrated longs have. We are in awesome territory right now and in order to expedite the 20% sale and bring in new blood, staff, funds, and expedite the plant closing and set up We really need this tax credit to get the ball rolling. This tax credit could be aproved any day now and yes I personaly think when it lapsed end of 09 it put a huge mountain in front of Brian's and SYNJ's plans to expedite the production facility. There are two things that are about to happen here that will make SYNJ a very successful entity. One, The 1 dollar per gallon tax credit is about to go back into effect and Two, this legal case with our 6.5 million loan gurantee and the 600,000.00 money held in escrow will sudenly be worked out when this biodiesel tax goes into effect. The letter of guaranty SYNJ has in their posession will be bankable once the bio tax credit is in place. Thats right we still get the $6,500,000.00. Expect some very exciting Pr's from SYNJ before years end. AIMO, I'll add one more thing that will help push SYNJ into pennyland "Merrill Lynch is extremely short on SYNJ right now and we have another Divvi coming"
A better article here:
http://qctimes.com/news/state-and-regional/iowa/article_e4cf1236-0229-11e0-a2d5-001cc4c03286.html
A deal to extend the Bush-era tax cuts also includes action on ethanol and biodiesel credits, U.S. Sen. Chuck Grassley, R-Iowa, said today.
The details aren’t clear yet, but Grassley told reporters this morning that the ethanol and biodiesel tax credits will get a temporary extension, through 2011.
The biodiesel credit of $1 a gallon expired last year, and farm-state lawmakers have blamed the expiration for the idling of biodiesel plants.
The ethanol credit, at 45 cents per gallon, is scheduled to expire at the end of the year.
Grassley said this morning the biodiesel credit extension also included applying it retroactively to 2010.
Nobody seems to be happy about the tax breaks/unemployment benefits deal announced by President Obama yesterday and no one is sure what all it ultimately will include, but Sen. Chuck Grassley (R-IA) says that ethanol blenders tax credit and associated tariff, as well as the biodiesel tax credit may be in it.
During his regular weekly conference call with reporters this morning, Grassley said there are details that have yet to be worked out, “But I’m led to believe that the extenders of 2009 – 71 of them, including biodiesel – would be extended for the years 2010 and 2011,” Grassley said. The breaks that run out at the end of this year, including ethanol, would also be extended through 2011, so all of them would end at the same time.
http://domesticfuel.com/2010/12/07/deal-may-include-ethanol-and-biodiesel-tax-breaks/
I read somewhere that there are about 2500 SYNJ shareholders, so if we all chip in about 500 bucks each we can buy Brian a Denami 600 for christmas. Upon delivery we will all make our money back 10 fold. What ya say guys, should we buy Brian a Denami?
Yes it sure seems that way, I think things are about to get really exciting for SYNJ.
Very Cool, even after a very busy day with all stock boards on I-Hub SYNJ still made the 1hr and the 3hr on Ticker Buzz Cloud, check it out:
http://investorshub.advfn.com/boards/tcloud2.aspx?i=3
GO SYNJ
Something good has already come are way, I'm not a priest or priestess so I have no right or idea how to influence you in any belief.. All I can say is read the last two pr's again, take into account that oct 19th dividends have still not been paid out by Merrill Lynch to TDAmeritrade or Zecco and probably a whole lot more. We already know that SYNJ paid the dividend and Are about to unlease another 5% dividend on top of that one. Wether you believe me or not is beside the point. Do you believe TDA or Zecco Or Merrill Lynch? That is the question. If my senses serve me right we are in for one hell of a ride with SYNJ
Yes it would, And it will be. SYNJ is currently and totally redeeming the love for share holders.
Yes I agree, rising fuel costs are a good thing for SYNJ. A not so good thing is the laps of the biodiesel tax credit, But as far as I can tell the tax credit will be put back into effect before years end. We will most likely get some very good updates before then and with the tax credit in place as well we are golden, not to mention the squeeze ML is already in and the Dividend on its way, TDA already has their legal team involved and are positioning their legal team to recover the divis SYNJ paid out to all holders but Merrill Lynch has an enormous short possition and has failed to deliver, imagine the pressure on ML when Brian and the BOD announce a Decleration date for the new 5% dividend already voted and aproved. It will force ML to cover at that point. Also the company coming in with new blood and deep pockets to work with Brian to make the SRE SC, Inc project a full functioning money making biodiesel producing facility. Many things in the works here and yes SYNJ will run hard again.
Its Unbelievable, There are plenty of jobless people in America who would love to make a few extra bucks just for bashing SYNJ. I don't understand why Merrill has to outsource the SYNJ bashing job.
L2 VFIN on ask @ 0.01 MAXM on ask @ 0.1203 LAFC 0n ask @ 0.13, WOW some of the market makers seem to know where SP is going when ML is forced to cover. Stop throwing away @ 0.0001 guys, the pressure is already on. Go SYNJ
changed my sigi to something a little more apropriate for SYNJ, Just want to be pointed in the right direction when Brian gives the SYNJ updates.
I agree 100% And after reading the last SYNJ PR again we are well overdue for an update, and any update at this time could very well give SYNJ the spark needed to cause a short squeese and finally a very big and long run for SYNJ. I'm already loaded but may pick up a few more million. Its hard not to at this price when we all know what is coming for SYNJ.
Yes it could be our week. Nice to see you and Sarg post again, I know its been awhile and it always sucks to watch grass grow but I think its now ready to harvest. Keep an eye on SYNJ this week, we are long over due for some very exciting updates. When we get them it could easily put SYNJ back on the top 15 board. With TDA now puting the presure on Merrill and another Dividend on the way it won't take much more from us to get SYNJ back in the action and moving to copperland.
over the next couple months, in the next week or two, within the next couple of days, soon, soon, and more soon, and now finally NEAR. edegoc I don't think anything else comes after near except We Are There. I'm ready lets get SYNJ moving again.
I agree tall, I also think .0036 is a very conservative target.
So in other words Merrill is covering slowly to prevent a spike in SP and cause a short squeese.
quiet here today, wheres all the Saturday love for SYNJ?
According to TDA, Merrill Lynch has failed to deliver, according to Zecco, Merrill Lynch has failed to deliver. I really don't think the warehouse or any Biodiesel producing plant will do much for our SP even if it is bought and paid for, Merrill is already in a pinch but he has us by the B@LLS and will simply naked short sell more to keep the price in the cellar. TD Ameritrade allready has their legal team involved to recover the dividend shares for their customers who have been provided with naked short or phantom shares from Merrill. Zecco was also provided with nakeds or phantom shares. Now don't get me wrong the anticipation here has built up so high at this point if Brian was to PR a 5X8 shed(and this is for BSIAFL) the stock would go up a couple clicks just on the anticipation and knowing we finally have a property, but then it would go down again as Merrill floods us with more shorts. I say screvv the warehouse and screvv the biodiesel updates for now, just give us the 5% Dividend and watch the short squeeze begin. The business will go on and eventually we will have a whole lot more than a fully functional biodiesel production facility but with TDA's legal team know involved all we need is a 5% dividend to fly this stock into pennyland. My opinion only SYNJer's but I really think thats what we need right now.
relax guys, he said it would be a couple weeks