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.
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.
Um, yeah, I think the point is that this MOPN article is getting picked up on more websites. Just highlighting some relevant MOPN info on it.
No surprise here that DFS found some significant MOPN DD!
lol
Good find ff21! Nice mention about MOP's "Rapid Response Capabilities and Delivery Systems", too.
The Planet?s Only Cradle-to-Cradle Green Oil Spill Product
Posted by admin on August 14th, 2010
MOP – Maximum Oil Pickup
The Planet’s Only Cradle-to-Cradle Green Oil Spill Product Happens to be the Best Too.
One of the biggest challenges faced by green products is the common misperception that by creating a sustainable product you must sacrifice quality and effectiveness in the process.
Not so with Maximum Oil Pickup. In fact, I’d wager that MOP, and its compliment of deployment products, is the most effective, environmentally sound, invention to date for rapidly mitigating oil spills of any size from the Exxon Valdez to your garage.
From a sustainability perspective, one of the things that makes MOP even more intriguing is that it is a cradle-to-cradle green product. Created by recycling an otherwise-unrecycled* fiber product in a plant powered by hydro electric energy, the production of the MOP sorbent (the name for the oil spill cleanup product) is all created, from beginning to end with green technology and green energy.
Certified in 2008 by the EPA and Environment Canada for oil spill cleanup on both land and water, MOP is one of the few products capable of providing mitigation in both environments.
About the (AB)Sorbent
The MOP sorbent comes in two forms one optimized for land cleanup and one optimized for water cleanup. Using a patented process involving biodegradable materials the final product makes the sorbent Oleophyllic (oil loving/absorbant) and hydrophobic (water hating/repelling). The moment that the sorbent is spread on the oil spill on land or water, it sucks up the oil and repels the water. This means that as the sorbent is cleaned up only oil is captured with it.
Using any one of several different processes, the oil can then be extracted for reuse from the sorbent and the sorbent can be burned as fuel. Extraction yields 95% of the usable oil. MOP Environmental Solutions, Inc. (the company name) is currently designing a carbon negative biomass energy system which will be able to burn the used sorbent. One 20lb bag of MOP will capture as much as 600 lbs of oil.
Just what does this mean for the companies that deploy the MOP system? To begin with it means that they can stress the sustainable nature of the oil recovery process they use. They can also recover the oil and use or sell it. For a recovery company, this means they add an entirely new profit center to their operations. They charge for the recovery and mitigation and then they are able to sell the recovered product. It’s the best of all possible worlds.
For shippers, drillers, refineries and others in the oil drilling, moving or refining business, they have a mitigation system that offers rapid deployment, exceedingly effective cleanup, oil consumption for small amounts of oil missed in any cleanup and recovery of the product. Again, the best of all possible worlds.
Rapid Response Capabilities and Delivery Systems
Since development of the sorbent is only part of the solution, the folks at MOP Environmental Solutions have been working on a whole host of delivery systems for the sorbent, including: booms, pillows, loose material and the fabled MOP Canon. The MOP Canon looks a little like the offspring of a vacuum cleaner and an artillery gun, but operates like an air canon, shooting the loose dry sorbent out as a speed of 150 MPH and spreading it evenly over a distance of 50 feet.
According to President Charles Diamond, “In a series of tests designed to evaluate the speed of deployment, the company found that one MOP canon could apply enough MOP to neutralize the harmful effects of an oil spill at a rate of at least 1,000 bbl/hr. “That’s a conservative estimate, and it can be as high as 1,500 bbl in one hour’s time,” Diamond confirms.
According to Diamond 10 MOP canons, placed on fast-moving boats, could completely neutralize an Exxon Valdez-sized spill in about 24 hours.”
Different deployment scenarios exist depending on the weather conditions. “We can spray MOP on top of a spill if the weather is cooperative,” says Diamond. “Where more difficult weather patterns exist, we have a deployment method that allows us to bring our product in underneath the spill, essentially bubbling it up into the spill.”
Pickup onshore can be performed with shovels, heavy equipment and hand implements. Offshore pickup can be performed with skimmers dragged behind a boat.
MOP’s “301” land sorbent is optimized for land use and contains a fine grit additive that immediately restores traction and safe footing on hard, slippery surfaces.
Product Cost, Storage and other Factors.
Already competitive on a volume basis, the level of product efficiency, and the ability to reuse the spent sorbent for fuel, result in a significant reduction in remediation costs, according to Diamond. “There are savings both in the low cost of the product itself, and in the operation. Because MOP has a much higher pickup ratio than alternatives like clay, MOP uses one-tenth as much space for storage and is much easier to handle. Imagine one worker carrying two 20-lbm bags of MOP versus two workers unloading a ½-ton pickup truck loaded with 25 to 40 bags of clay for the same oil spill.”
MOP is also lightweight and has a unit cost that is less than one-third the cost of clay. “Arguably the most important feature of MOP is the option of 95% oil recovery for as little as USD 0.25 per gallon and subsequent elimination of hazmat disposal cost. What was formerly on the expense side of the ledger is transferred to the bottom line as profit instead.” according to Diamond.
MOP Environmental Solutions has several expansion plans in the works for MOP this year including an entire value added line of spill kits for every conceivable need.
Diamond is optimistic that the MOP Environmental Solution’s holistic approach to oil remediation will be a positive draw for any operator facing the potential for oil spills in any process. “This technology could be seen as taking a very negative environmental event, an oil spill, and turning it into a positive.
In the first place, you’re intercepting a material [the Fiber-based starting material from a fiber-manufacturing process] that normally would not have a recycling path,” he continues. “You give it a recycling path by converting it to MOP, and then apply it in the field to solve an environmental problem without creating any additional waste streams and minimal by-products. Essentially, you’re taking a problem material and using it to solve a bigger problem.”
For more information about MOP and other remediation technologies, visit www.mopenvironmental.com.
* an otherwise-unrecycled product in sustainability jargon is called a “recovered material” meaning that it is an item for which no other market currently exists in the waste stream. The US EPA has made the use of recovered materials among its highest priorities in recycling guidelines because recycling of these materials can play a significant role in reducing the waste stream.
Investors are putting pressure on these large oil companies to publicly disclose their oil spill action plans!!
Investors urge oil spill action plans
By Sheila McNulty in Houston
Published: August 5 2010 05:19 | Last updated: August 5 2010 05:19
Investors managing over $2,500bn in assets are pressing the world’s biggest oil and gas companies to disclose their spill prevention and response plans for offshore oil operations.
The letters, which have been sent to chief executives at 26 energy companies, including ExxonMobil, Royal Dutch Shell, Chevron and Petrobras, were signed by more than 50 investors, according to Ceres/Investor Network on Climate Risk.
Signatories include such leading investors as the UK-based Local Authority Pension Fund Forum (LAPFF), the California State Treasurer (who sits on boards of CALPERS and CalSTRS) and the Florida state retirement system (known formally as the Florida State Board of Administration).
“It is important for all companies involved in subsea deepwater drilling to be open and transparent with investors and stakeholders at this crucial historic moment,” wrote the investors.
The investors say the Deepwater Horizon disaster has raised concerns about response plans by companies and the industry for dealing with accidents.
“The gulf tragedy provided dramatic evidence that investors and pensioners have high stakes in deepwater oil exploration,” said Bill Lockyer, California State Treasurer, who serves as a trustee on the board of CALPERS and CalSTRS, which have a combined $337bn in assets. “In my state alone, the nation’s two largest public employee pension funds have seen the value of their BP holdings plummet by $349m.
“Our message is simple: investors have a right to full disclosure of the risks associated with oil companies’ offshore operations, and the prevention, response and governance measures they have in place to minimise those risks.”
In New Orleans on Wednesday, representatives of oil majors set out a joint $1bn investment plan to develop a containment system for future blowouts.
The plan, which the companies said would be operational within 18 months, was outlined in a series of meetings aimed at improving drilling safety, containment techniques and oil-spill response capabilities.
Michael Bromwich, who heads the government agency that oversees offshore drilling, said that he hoped the meetings would help gather sufficient information to be able to bring forward the November 30 moratorium on deepwater drilling imposed following the Deepwater Horizon disaster in April.
Charlie Williams, chief scientist at Shell Oil, described the new subsea containment assembly outlined on Wednesday as a “a tool kit that we can adapt” to varying situations.
Sara Ortwein, vice-president of engineering at ExxonMobil, said: “Instead of waiting weeks, we will be able to initiate [the] system within 24 hours.”
Copyright The Financial Times Limited 2010. You may share using our article tools.
Also, this current Vendor deal for MOPN isn't the only contract/deal they've been working on. Although a contract with one of the largest oil companies in the world is incredible.
Now that financing is in place with Bibby, MOPN will be able to finalize other deals they have been working on...if they haven't already done so.
Enbridge is another update I'll be looking forward to in the near future.
It was suggested on here that the 'Big Oil Company' that MOPN is now a vendor for will be putting out a PR to confirm their connection/agreement and status, possibly this week.
Maybe even tomorrow?
Can't find the original post and someone can correct me if I am in error.
Here's an interesting article by Earth PM, about BP and green project management. It's makes reference to BP vendors and what green expectations and decisions could/should have and can still be made when doing project analysis of this nature.
It's an interesting read. No doubt the major environmental groups have been after BP to clean up their act.
Thanks to DFS for bringing this to my attention.
Deepwater Horizon
Green Project Management and the BP Deepwater Horizon Spill
Friday, August 13th, 2010 | Commentary, General Earth PM Postings, PM News, PM Resources
Deepwater: A joint post from EarthPM and TenStep:
There are many examples of projects undertaken to produce some deliverable with environmental implications. In fact, one may assert that in fact, any project, since it uses resources, has environmental implications. This varies tremendously, based on scale and the direct impact on the environment. One project that clearly has environmental implications is the Deepwater Horizon drilling project and what is often called “the Gulf of Mexico oil spill disaster”.
Important note: We do not purport to say that any specific single action or philosophy that we enumerate below would have prevented the Deepwater Horizon disaster or led to its instant cleanup. What we do assert, however, is that taken collectively and holistically, an intense focus on green thinking would have had a tremendously positive impact on the disaster.
Many companies are incorporating environmental considerations into their thinking about the deliverables of their projects, and some are even integrating this thinking into the operation of that deliverable. However, are they truly following green project management processes to assist them in their decision making process throughout the project and beyond? We assert that Green Project Management can be applied to all projects. Even those that may not appear to be creating a deliverable with an environmental impact still have environmental aspects that can affect their decision making (for example, even if one is developing a new software release there are decisions to be made that affect the environment – decisions such as meeting policies, method of duplicating the software, energy considerations for the servers involved, and so on).
Both TenStep and EarthPM believe that the environment should be considered in any project – and therefore in an organization\’s project management processes. We also think that doing this is not only the right thing to do but that it will benefit the organization. Both organizations have published various communications which provide thought leadership on this subject (refer to www.green-pm.com and www.earthpm.com.
We’ve decided to apply examples from Green Project Management to the challenges faced (mainly by BP) in the Gulf Coast oil spill. The main thrust of Green Project Management is not that every decision will be made differently or “in favor of” the environment, but instead that each project needs to consider the environment in its decision making process. This of course includes the conservation of the project’s resources, which should already be part of the project manager’s mission.
What we are suggesting here are some ways in which Green Project Management may have provided BP with key insights that, taken holistically, may have done some of the following (in the abstract, anyway):
* Prevented the disaster or at least limited the extent of the damage
* Made it easier to repair once it happened
* Allowed BP and the other responsible parties to deal more skillfully with key stakeholders.
Let’s consider the example of Green Project Management in completing a project to define, develop, and implement the oil rig. Note that some of the examples below may not directly apply to the Deepwater Horizon project, but are provided as examples to demonstrate the principles of Green Project Management.
Project Charter
Have you ever seen a Project Charter template that has a section on environmental concerns? It’s rare now, but we predict it will become much more prevalent. Perhaps if the Charter for the Deepwater Horizon project included a detailed section on environmental impact, it would have raised the awareness of the project team and associated stakeholders with regards to improved means to prevent, mitigate (with activities such as relief wells), and respond effectively to spills. A charter written with an environmental view also may have allowed BP to focus more effectively on the clean up process, because decisions like the purchase of Ocean Therapy boats (see this posting) would be indicated at a Charter level.
BP may also have identified a need to further evaluate its vendors/partners experience in prior, similar projects. Lastly, it may have resulted in a need to further invest in considering alternate approaches with various stakeholder groups, to assure the necessary buy-in prior to undertaking the project.
Project Scope Management and Project Integration Management
If the oil rig required additional drills, or a change in the materials used to create the drill or the oil platform, then scope change management process should have been invoked. Note that the latter could have been a requirements change, part of project scope management. When invoking scope change management, the environmental impact could have been considered, in addition to the impact on all other project management processes (schedule, cost, quality, risk, procurement, etc.) as evaluated through integrated change control. Perhaps a change in materials requirements would result in procuring materials from a different vendor. We discuss this further in the section on procurement management.
Project Management Plan – An Environmental Management Plan component
Existing BP environmental policies – which we’re sure that BP has in great number, considering their size and experience – need to have been used as an input to the project\’s Environmental Management Plan, identifying the environmental policies applicable to the project and the sustainability requirements for the project.
Requirements Management
When gathering requirements for the oil rig, BP could have reviewed its defined project Environmental Plan (linked to the company’s parent Environment Management Plan) and confirmed that the requirements for the oil rig would adhere to the plan. Making it clear to the project team that this linkage exists is a way to reinforce what should be elemental to the team’s behavior but sometimes can slip behind other priorities if not kept in the forefront.
Much has been said about the regulating agency, the MMS and their oversight (or lack thereof) of oil companies. Ostensibly, the MMS should have been putting proper requirements on the companies doing the drilling. As is the case with good project management practices, however, the vendor themselves has to ask the question: ‘who are the stakeholders, and what are their requirements?’ Perhaps with this mindset and a well-conceived (excuse the pun) and ethically-responsible environmental management policy – not just at a corporate level, but at a project level – an increased focus on both preventing the spill from happening and being able to effectively clean up after, would have resulted in a more thorough collection and communication of these environmental requirements before beginning to drill.
Cost Management
When estimating project costs, did BP consider costs for implementing any risk response strategies?
As mentioned in the Charter section, one could look at the Kevin Costner-funded Ocean Therapy centrifuge boats as an example. For a relatively small investment, BP would be buying not only an easy way to clean up after a possible spill, but would gain valuable positive PR by aligning with the high-profile actor and his efforts to protect the Gulf. Perhaps it is too optimistic to think that the oil companies would have identified oil cleanup technology as a part of risk-response, but it certainly is within the realm of reason that cleanup technology and costs would be included in risk contingency plans (the plans that are put into effect if the original risk plan fails).
In fact, a recent news story shows that – although late – the oil industry has pooled their resources and is collaborating on oil spill response. See this Reuters news story.
Identifying the costs related to the project\’s environmental aspects allows the project manager to discuss the costs with the Sponsor and determine whether the cost is more than offset by the project results. The financial costs of the realized threat are so high in this case – in the tens of billions of dollars and in fact the continued life of the company itself – that a different type of thinking has to be applied. As is obvious now, BP could have invested more upfront to further mitigate or avoid the risk of spilling oil into the ocean. Even with Green Project Management, if BP\’s decision was not to invest more in a risk response strategy, then perhaps they should have estimated the contingent costs required for a clean-up activity as they are currently undertaking. See the risk management section.
Communication Management – Identify Stakeholders
How thorough was the stakeholder plan and ultimately the Communication Plan prepared by BP for this project? This project appears to have many key stakeholder groups, both internal and external. Was every major stakeholder group – internal BP, NGOs, government, industries/associations (e.g., fishing along the Gulf Coast), etc – identified and considered? Were they all included in the communications as BP developed and implemented the oil rig?
What type of communications plan would allow BP Chairman Carl-Henric Svanberg to say “we care about the small people.\”? We assert that with properly identified stakeholders and a thoughtful stakeholder management plan, this likely would not have happened.
Risk Management – Probability and Impact Assessment
Really, this entire incident comes down to the way BP and others managed project risk. The context is greater than risk management, as you can tell by the number of other headers in this document. But it really comes down to project risk management. With “greenthink”, risks may be evaluated differently.
If we consider environmental factors that had never been applied, then BP may have identified the risk of the blowout as an extremely low probability of occurrence (based on prior experience, faith in the blowout preventer, competitors\’ experience, etc) but a very high impact when considering the environmental impact. In fact, a very similar accident occurred in 1979 the Ixtoc. In that case, the blowout preventer also failed. So there was a precedent for this type of failure. It could not be considered a “failsafe” solution. The assessment could have also included the environmental impact of a blowout that occurred in Santa Barbara, California, in 1969. Was their assessment of the impact high enough?
With such a low probability, you would have to have a huge impact for the product of probability and impact to give a risk score worth pursuing. We assert that the probability was considered to be zero and that the impact was tremendously undervalued. Without considering the environment aspect in project management process of risk management, the product was low enough that the risk mitigation and response was inadequate. As we noted above, Green Project Management may not result in a different decision. However, we are discussing this event because it truly depicts the importance of considering the environment and making sure that all project-related risks are properly identified, quantified, and addressed with the Sponsor and key stakeholders.
Procurement Management
When planning and executing procurement activities for this project, did BP:
* Validate that their vendors/partners (such as Halliburton) met their environmental requirements?
* Understand how their vendors/partners would align to BP\’s environmental policies and project approach?
* Request feedback from vendors/partners on how they would align with environmental policies?
* Audit that the vendors/partners were actually following the environmental policies?
* Audit that the deliverables met the defined environmental criteria?
Summary
These examples have been provided to demonstrate how Green Project Management could assist in incorporating environmental thinking in any project. These scratch the surface in factoring the environment into project management processes. Perhaps BP accomplished these and more. Then again, perhaps a more structured approach to including the environment in all project management processes would have uncovered some of the issues and led to some very different decisions during the project, prior to deciding to drill more than five thousand feet deep in the Gulf of Mexico.
We assert that the point of Green Project Management is to view projects through an “environmental lens”. Perhaps, if that happened, some decisions would be made differently, with very different results.
About the Authors
TenStep, Inc, focuses on methodology development, training, and consulting, through its worldwide network of offices. Its focus on green project management (www.green-pm.com) was pioneered by Tom Mochal and Andrea Krasnoff.
http://www.earthpm.com/tag/deepwater-horizon/
For anyone who doesn't know who Bibby is:
Bibby Financial Services is a worldwide market leading specialist of business cash flow solutions to small and medium-sized companies. With offices in 8 North American cities and 11 countries around the world, its product portfolio includes accounts receivables finance, factoring, export finance, purchase order finance, specialist solutions for the staffing and trucking sectors, and it is an approved lender for the Export-Import Bank's working capital guaranty delegated authority program. Bibby Financial Services is a subsidiary of a 202-year-old privately held company based in the United Kingdom. For more information on Bibby Financial Services, visit: www.bibbyusa.com, or on Facebook at: www.facebook.com/bibbyfinancialservices.northamerica.
Bibby Financial Services
Stacy Gaylord
630/493-3133
Email Contact
My guesstimate is still BP but then any of the top Oil companies will do :)
Daddy Fat Saxx had an interesting find days ago where Bibby mentioned MOP's efforts in the Gulf cleanup.
Dang...that would be great to see a Monday PR with the official announcement from the Oil company. Or any day this week.
Posted by: alliecorp Member Level Date: Thursday, August 12, 2010 12:51:32 AM
In reply to: DADDY FAT SAXX who wrote msg# 27591 Post # of 28378
Great find DFS!! As usual, I might add. :)
That certainly narrows down what MOPN needs the factoring financing from Bibby for.
I'll be looking for MOPN's confirmation PR tomorrow, too.
Factoring’s Role in the BP oil spill
The oil spill in the Gulf of Mexico has created huge demand for a wide array of resources needed to help in the cleanup process. There is probably no better example than MOP Environmental solutions Inc. They have a patented material used to clean up oil spills. Obviously MOP was going to see a large increase in demand for their product. However huge spikes in demand can create cash flow issues, especially when offering 30 day payment terms.
This is where Bibby Financial Services enters. They provided a $750,000 factoring faculty so that MOP would have the financial capability to complete orders and keep the clean up efforts going at full pace.
This is a prime example of how factoring can help a business’s cash flows. There is no doubt the MOP was working at full pace to move as much product as possible. However, this can create huge cash flow issues. MOP will be forced to finance all production costs as well as the large purchases of raw materials that not only will be needed to replace the inventory that has been sold, but also anticipate materials needed to meet increasing demand. Meanwhile, MOP will also be financing their customers purchase for 30 days or longer. This can easily stretch the finances of a company and create a short term situation where too much cash is flowing out and not enough is flowing in. Without factoring, a fast growing company would eventually be forced to pass on potential business as they would run out of cash necessary to finance new sales. However MOP was smart and factored their invoices which gave them the ability to turn their 30 day debt into immediate cash. This is cash they used to finance sales, and meet the crucial demand for their product in the Gulf of Mexico.
Factoring is also an extremely flexible financial tool. This is important for MOP because there is no good way to anticipate how big this spike in demand will be or how long it will last. However, factors are only financing for 30 days. This means that the executives at MOP can adjust the level of financing they receive from their factor as conditions change.
Factoring provided the financing needed to keep the cleanup efforts in the Gulf going as well as helping a business capitalize on current conditions. This is a prime example of how factoring funds should be utilized. For more information on this story click here.
You've provided some excellent MOPN DD on this board DFS and I do hope that we'll see more of you.
BTW: the exact same thing happened to me with MOPN? Still don't know why. Here one day and gone the next.
Have to agree it's a good thing to get company information confirmed. :)
MOPN is looking better everyday.
Yes some very good people here. Have a great weekend. Appreciate your positive attitude :)
Looks like you asked the same question :) Facts are facts and MOP's got them!
Good work Narvo!
DFS, I asked Wayne to look into the Senate Testimony for MOPN and here is the reply:
Subject: FW: FINAL: Testimony re Committee on Small Business and Entrepreneurship - Gulf Oil Spill Cleanup
Date: Fri, 13 Aug 2010 14:21:54 -0400
From: Smith, Monisha (SBC)
To: mop@mopenvironmental.com <mop@mopenvironmental.com>
CC: High, John (SBC)
Hello Mr. Diamond,
I have received your testimony as submitted by John High below. This testimony will be included as an appendix in the June 17th hearing entitled " Harnessing Small Business Innovation: Navigating the
Evaluation Process for Gulf Coast Oil Cleanup Proposals."
The record will take several months to print. Please feel free to contact our office in the future for an update on the printing status.
Best,
Monisha smith
I have a copy of the testimony if anyone wants it too.
I think those still trying to get in here (many for cheap) don't want to make many large obvious buys right now.
IMO, our float is still under 50 million or the pps wouldn't have run as well yesterday. That said, it also makes it easier for those trying to bring down the pps too. PPS moves easily either way...the more volume the harder the pps will run on the next PR.
Today, some were throwing small shares sells out at .07 and .08 to start some panic selling. Didn't work. Overall volume here wasn't much so not many interested in getting out other than some profit takers which is par for the course.
If we do get that PR from a major oil company and MOPN has even more news to share...then MOPN's pps will continue to move up nicely.
PPS held well today, imo.
Interesting an .092 (T) for 100,000 @16:02
Didn't want to wait until Monday perhaps?
Thanks you, beat me to it :) Also, says: "By using BFS, MOP doesn't have to tap into equity or tie up business or personal assets."
So Mop did the right thing by shareholders. No need to tap equity anymore.
Still sensing sour grapes from some.
PPS coming back and holding it's own here. Probably just some impatient day traders who may be in for a surprise shortly.
Good to see an institutional buyer! CSTI. Seems that the MOPN word is spreading. Very nice.
I also think traders are trying to sneak in quietly today...while profit takers do their thing. Too much buy pressure on this stock at once sends the pps flying.
Traders don't want to chase this too high before the next PR hits.
MONP's pps is holding well and moving up again, with relative ease, like a relatively small float should :)
Steady news and updates should keep this running North.
I put some shares up for sale at .55...just in case I leave the room and another big PR hits..lol
After yesterday, who knows what can happen.
Yes, their website says 'release of plan for expansion.' So today's is just a part of what's going on behind the scenes.
Charlie and Wayne always make sure that deals are confirmed in writing before releasing news.
This should get really exiting as the updates roll in.
Anyone looking for a quick flip here won't be so happy as more news gets released.
Like to see a steady climb today as we wait for the next updates. Sooner than some might expect.
Good work finishgreen...nothing like going to the source for answers.
More good news...gotta love it! :)
It was pretty easy to find on Google. This is from an old PR , June 2008, when MOP appeared on 21st Century Business.
MOP Environmental Solutions announces its "Total Earth Recovery Mission" to be Featured on Award...
Publication: Business Wire
Date: Monday, June 2 2008
BATH, N.H. -- MOP Environmental Solutions, Inc. (Pink Sheets: MOPN)
MOP Environmental's "Total Earth Recovery Mission" was videoed on site in Bath, NH this weekend. It will air as paid programming on Fox Business Network's award winning "21st Century Business" Television series, broadcasted nationally to over 30 million households, June 14th and 15th. It also airs as paid programming over CNBC to 84 million US households in July, 2 million in Canada and 1.9 million in Hong Kong Asia Television.
Great find DFS!! As usual, I might add. :)
That certainly narrows down what MOPN needs the factoring financing from Bibby for.
I'll be looking for MOPN's confirmation PR tomorrow, too.
Factoring’s Role in the BP oil spill
The oil spill in the Gulf of Mexico has created huge demand for a wide array of resources needed to help in the cleanup process. There is probably no better example than MOP Environmental solutions Inc. They have a patented material used to clean up oil spills. Obviously MOP was going to see a large increase in demand for their product. However huge spikes in demand can create cash flow issues, especially when offering 30 day payment terms.
This is where Bibby Financial Services enters. They provided a $750,000 factoring faculty so that MOP would have the financial capability to complete orders and keep the clean up efforts going at full pace.
This is a prime example of how factoring can help a business’s cash flows. There is no doubt the MOP was working at full pace to move as much product as possible. However, this can create huge cash flow issues. MOP will be forced to finance all production costs as well as the large purchases of raw materials that not only will be needed to replace the inventory that has been sold, but also anticipate materials needed to meet increasing demand. Meanwhile, MOP will also be financing their customers purchase for 30 days or longer. This can easily stretch the finances of a company and create a short term situation where too much cash is flowing out and not enough is flowing in. Without factoring, a fast growing company would eventually be forced to pass on potential business as they would run out of cash necessary to finance new sales. However MOP was smart and factored their invoices which gave them the ability to turn their 30 day debt into immediate cash. This is cash they used to finance sales, and meet the crucial demand for their product in the Gulf of Mexico.
Factoring is also an extremely flexible financial tool. This is important for MOP because there is no good way to anticipate how big this spike in demand will be or how long it will last. However, factors are only financing for 30 days. This means that the executives at MOP can adjust the level of financing they receive from their factor as conditions change.
Factoring provided the financing needed to keep the cleanup efforts in the Gulf going as well as helping a business capitalize on current conditions. This is a prime example of how factoring funds should be utilized. For more information on this story click here.
Very well said ProDun...good post.
A little more info about Bibby...for any one that missed today's PR.
Bibby Financial Services is a worldwide market leading specialist of business cash flow solutions to small and medium-sized companies. With offices in 8 North American cities and 11 countries around the world, its product portfolio includes accounts receivables finance, factoring, export finance, purchase order finance, specialist solutions for the staffing and trucking sectors, and it is an approved lender for the Export-Import Bank's working capital guaranty delegated authority program. Bibby Financial Services is a subsidiary of a 202-year-old privately held company based in the United Kingdom.
Incredible news DFS...just fantastic. Top World Oil Company, who else could it be? And the financial backing to fulfill all orders.
Well done MOP, Well done!
Mr. Charles Diamond, MOP Environmental President and CEO states, “With our confirmed Official Vendor Status with one of the world’s largest oil companies that just occurred on August 9th, together with the assurance from our financial partner Bibby Financial Services, we are prepared to service our new accounts in order sizes and order frequencies that without Bibby would be outside the financial scope of MOP Environmental Solutions. We are grateful to Bibby Financial for their exceptional support.”
We are also making preparations for a meeting that will be held in Houma on Friday which will include the local parish presidents and Governor Jindal, and we’ll focus on the three issues we discussed approximately two weeks ago in New Orleans, which are: storm preparations and how we do that, Vessels of Opportunity, and how we will transition through their various phases as we start to remove oil and get close to making a determination on how clean is clean and how we want to make that transition with the state and local governments.
I hear ya Narvo. :) When the real news hits MOPN could expereince an extra special run?
Stocks are a little slow for summer and traders are looking for a solid stock to run up on real news. PPS is moved up with relative ease just on this news...and with low volume.
Tells me the float is still relatively small, too.
Although I still think some are trying to get in for cheap before the real news hits.
The B X A sizes are only 100x500. With a little buy pressure it won't take much for this to go up again.
Mop's ticker on their home page says they're releasing 'plan for expansion of operations'...which tells me more details are coming shortly.
This Bibby PR is confirming the financial aspect of MOP's progress.
Looking forward to MOP's details and perhaps confirmation of more orders.
Good PR today.
Have you thought about leaving at the same time tomorrow?? :)
It sure had a good PR affect today!!
It looks more like a warm up PR news to MOPN news about expansion details.
Very important that they stated this is being done for financing rather that going to equity. Good news for shareholders.
By using BFS, MOP doesn't have to tap into equity or tie up business or personal assets. We're proud to provide them with the financing they need to mitigate the loss of animal and plant life along the Gulf Coast."
Nice, sure looks like MOPN is building up to some significant news??
Thanks!
Have you got a link?
At the same time, this also helps verify that MOP has a purchase order from BP which many were questioning.
Good that this is being make public. Could and should very well force BP to honor its obligations. BP is trying to improve their public image...for what it's worth... and this type of news coverage should help manufactures of boom to get paid.
Wow...that was technical??? lol. Just stating the obvious and waiting for that MOPN PR...soon.
Good idea :) These negative MOPN antics are pretty obvious today especially since it came on full force right after someone on the board noticed a MOPN PR is close at hand.
Based on the low volume it looks more like day traders are trying to encourage selling to pick up more shares before the next MOPN PR.
PPS games.
Contract negotiations aren't simply done over the phone for orders of this size....generally requires paperwork.
By the looks of MOP's website, we may just hear more about the expansion details shortly.
Oh but it does matter to Bibby what potential revenue will be coming in ... no Lender will just arbitrarily provide a small company with funds to loan without seeing the business plan and anticipated sales.
Bibby needs evidence of potential sales prior to determining the terms of agreement. The Lender needs to know what is potentially coming in terms of sales/revenue to ensure ability to repay and the amount needed.
Also, MOP did this instead of what many pink sheet companies do which is to go to the 'shares bank' and sell more shares to investors for long term growth.
Well if MOP wasn't geared up for rapid expansion they wouldn't need or even be able to secure $750,000 line of credit - per month!
Lenders want concrete evidence to back up anticipated revenues. Evidence that you or I wouldn't have the privilege of seeing until PR'd.