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If they can pull off small scale units for farms that can go straight to biodiesel for farm equipment they might have a chance, but how many farms are going to buy $100,000 of machine to make their own biodiesel. It would need to be a regional farm co-op I think, as I don't think any single farm could justify it, but I am not a farmer, so I don't know. I need to look at gallons per acre numbers again, my last thought was it was going to require transport to refineries for the fuel applications (another cost). No doubt remote use of desert land sounds interesting, but it would need to be near the equator to avoid winter heat issues. He did say heating would be needed for outdoor northern locations!
Just checking in. I got lucky with this one. Don't have a lot of shares, but bought at something like .01 back in March, and held on. So far my most profitable by % wise. Unfortunatly, I did not buy enough of it, or could have retired 15 years early.
Have you all seen this?
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6817724
SEC doc, noting possible merger plans.
Anybody here still following and holding this stock? Any news from Israel or NY?
I am more impressed with what looks like a more advanced version of BEHLs tube unit, at MIT in this video, already operating at a power plant.
Bought mine at .07, then at .05, then did some more digging when it hit .30 yesterday, and found the Sept. 30 SEC filling showing the share count went from 200,000,000 to about 650,000,000 shares this year. Then asked some questions here, followed all the links, and decided to sell at .03 before it dumped back to under .01. Only time will tell, but I suspect by this time next year I can buy all I want at under .01, but like I said I already sold all my shares.
If you want to prove me wrong, answer my analysis with something real, show me what I missed. If you can do that, prove this is not another Environmental Solutions scam like PSC was also pushing recently, then I might buy and hold the stock, but all I see so far is a bunch of fluff. Maybe this guy has good intentions, but I don't see enough proof of the value.
So tell me how they are going sell enough and profit enough to support a stock issue of 700,000,000 million shares? At .04, todays close, that would make a market cap of about $30,000,000. So far all I see is a guy who knows something about algae, info that I could get off the internet with a little reading, some tanks, a pump, some clear tubing, and compressed air to run the pump. Even Fisher seems to be saying in his videos that algae to fuel is not the way to go, that the other uses for algae are the real pay off. At some point, at a P/E of say 10:1, he would need to earn after taxes, etc, 3,000,000 dollars a year, to justify a .04 cent stock price (if he does not sell another 700,000,000 million shares to raise more money, which is very likely!). To do that he would need to sell say $15,000,000 a year of his systems (at a 20% profit after taxes, interest, depreciation, etc). At $100,000 dollars each, that is 150 units a year they must build, install, and service. Nearly 1 every 2 days, they must sell, build, install, train, and service, with 8 part time employees that are currently on the payroll at $55,000 for the past year (from his most recent P&L posted on the SEC site).
They are still piddling around with their first prototype folks! He said in his video he had groups wanting a 300 acre system, but he wants them to go with something like a 3 acre prototype first, because he knows he can't deliver a 300 acre system even they placed an order for it. His words basically!
They don't have the capital to do this, don't have the capital to take and deliver a 300 acre order. They might grow there way to that point in 5-10 years, other wise, if they have something truly unique (which I still have serious doubts about),they will need big capital, which will more than likely come in and buy it out at a distressed level leaving the old stock holders skinned.
I still don't believe he has any serious patent protection in the works, or anything of serious patent value. In fact in his video he points out they don't want to go the real patent route because they would disclose too much (fine, more secrets), so they filled a 1 year provisional, that the USPTO files away, and never looks at, and then if they change their mind, they can convert it into a real patent application within 365 days of mailing it (at a huge legal expense). Provisional patent applications don't cost real money, and you can write a new one yearly (does not take a patent attorney) as your tech changes and the old stuff becomes obsolete, and make all kinds of market noise to those who don't know the real story behind patent terminology.
To sum up, I just don't see any solid value evidence that it is worth .04 cents a share.
So BEHL could not afford their own booth? Or they are in bed with a company that has changed its name and trading like I change my underwear?
With the number of shares issued raised up 300% since march this year(when the news machine started and PR machines went into high gear), from less than 200,000,000 to about 650,000,000 I am expecting it settle at .01 or less once they run out of sheep to sheer.
Even it turns out to be a legit company (which I still have some doubts about, because non of their press releases ever give out complete enough info to to verify who they claim to be doing this and that with)I just don't see a current investor value over maybe 10 to 50 million dollars, as they just don't have the capital. They would need to sell a lot more stock (more dilution) or borrow heavily to ever get to a profitable postion, to raise the stock value. If Exxon sees something in them, I doubt the company would go for more than 10 to 50 million in a buy out. What is 10 million dollars divided by 650,000,000 shares? Do the math. I bought shares (which I recently sold) because I did not know about the share dilution that had done.
I just grabbed some more shares, 1000. Put in another buy at .25 in case anyone else wants to sell a lot more cheap shares today, LOL.
Nice chart. Just found this board. Been holding CABN for about 6 months. Doubled my possition twice, once at .12 and again at .06. Nice to see it coming back. It did not seem to like the recent market weakness, nor the dry spell of no news. Nice to see it rebounding here.
By the way, I am a chemical engineer. I have high hopes for these guys, but they really need cap and trade and a big CO2 power plant partner I think, with a DOE grant to make the big time.
I do both. I have done well with picks in both areas, but most of the so called penny stocks I play have been on Nasdaq, and were dollar stocks before the crash.
One thing I do know, is you even get burned bying the big stocks. I stayed out of the markets for years as I knew they were way over priced, but I smelled blood in the streets late last year and jumped in. Can't brag much, but I am about even today since I started back in October, and I have been long most of that time. Lost most of my gains with about 8 poor choices, but made great profits with the others. Getting a lot better at timing getting in out to avoid loosing gains from volatility. Most of my big losses were in feb and march.
Anyone have any idea why the three web site links on their market and distribution page do not work?
These sites:
http://www.intact247.com/
http://www.equineintact247.com/
http://www.petintact.com/
Are on here as the links to there marketing and distribution sites. Kinda hard to sell something if no one can find it?
http://www.impactfusionintl.com/marketing.htm
I wish I had found this site sooner. I got scammed by this one too. Luckily I had not put much into it.
Starting to wonder if there is any integrity left in the stock market or in people at all. How do we weed these crooks out before we get taken? Is the internet making it easier, or harder for the crooks to pull these scams off? Maybe some of both?
I see from your little icon disclaimer link on your post that you were given 10,000,000 shares to promote BEHL. Nice!
http://investorshub.advfn.com/boards/IRP.aspx?Userid=57528
All I got was a beat down stock price, and a lot of share dilution.... Thanks for nothing.
ETHANOL! I have no doubt you have seen your share of the "Of Mice and Men" failures in the ethanol industry recently. One more reason I am cautious of this stock. I took a bath in two of those stocks that went belly up this past year, AVRN and Verasun. I waited too long, held them too long, got greedy, etc. Only to watch the likes of Valero pounce on the pieces and buy them up at fire sale prices from the bankruptcy court.
So what is your read on this?
Try again. I just did not look hard enough to find you guys. Like a sucker, I bought all the press, news, but when the stock failed to rally on the last PR, I starting looking for bloggers to see if they knew anything I had missed.
I did not just drop off the turnip truck guys. I don't change alias. I am here to stay. Here I am on other sites.
http://community.marketwatch.com/Ecomike
http://seekingalpha.com/user/343257/comments
http://caps.fool.com/MyPlayer.aspx?source=ifltnvsnv0000001
Then tell me more. What all did you see? Did you look at any business correspondence, purchase orders, meet any customers and check out their back grounds. Were they real companies, with real money like Exxon? As we all know from BM,stock and investment scams are way too easy to perpetrate.
Have you read the patent application? I would have no problem with buying back this stock, and signing a non-disclosure agreement if I could see and read the patent application, and if it had any real worth and substance. From their PRs they are planning to file dozens of patent applications worldwide. I have just one patent and it already cost me $100,000 in just US, Europe, Canada and Australia, and it is still eating cash, and I did 75% of the work on the patent, the $100,000 to went to fees and attorneys.
According to the SEC report filed for BEHL the current public float as of Sept 11, 2009 is now 341,573,932 shares, with 631,219,042 shares issued and outstanding.
Take .10 x 631,219,042 = a 63 million dollar company. BEHL is no where near worth that.
6.3 million, or .01 I might buy as a reasonable value at this point if the company is not a fraud. There are all kinds of frauds, some last much longer than others, like BM and make lots of money for early investors who get out early enough.
The post of that data is on the pink sheets web site on the menu for fillings, which I posted the link to earlier today (obviously you did not follow the links and read?):
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=BEHL#getFilings
Look at the top of page 3 for the stock details. Also note on middle of page 3, item #8 shows the number of authorized shares was raised in march 2009 from 200,000,000 to 750,000,000 shares.
See the last 2 reports filed by the CEO, Dennis Fisher.
I am all for new tech in capture and conversion of CO2 to useful products, but it must be feasable and cost effective. So far all I see with BEHL is hype.
Wow, I have heard that line before. Trust me!
LOL.
You said " This site has Envirotek just buying a Lighting manufacturing company, "The Green Energy Company", Huge future with the hotel and casino market with the lighting contracts already in place for INCL to capitalize on Looks to be a great investment and the stock price reflecting that as we speak What is your problem and your point here?" So where is the web site, and contact details for "Lighting manufacturing company, "The Green Energy Company""
Once again, it is all hearsay. Where is a post of the PO? They never tell us who their customers or suppliers are, or how to contact them for verification of their claims. I searched for that company and they do not appear to exist.
For a company that has changed its name 4 times recently, has no no real money, they are spreading themselves real thin getting into one unrelated business after another, and you think I should be happy that BEHL is proud they have big deal with them? I hope BEHL is not banking on them!
Can you prove that he truely made any of those milestones, or are you just taking his word for it?
I have been doing some investigations, based on recent PRs on BEHL. First let me say I am stockholder in BEHL (or was anyway), I hope what I am posting here is wrong, but I am finding some very disturbing things. Here they are with my sources.
I decided to chase down some of the various details in the press releases, like who is Envirotek, who BEHL claims to be doing a joint venture with now.
This is first site I found.
http://www.pinnacledigest.com/blog/mrfence/envirotek
This site indicates that Envirotek recently changed its name from In Control Security Inc. to Envirotek.
http://finance.yahoo.com/news/In-Control-Security-Announces-iw-1229425976.html?x=0&.v=2
This site has Envirotek just buying a Lighting manufacturing company, "The Green Energy Company",
http://finance.yahoo.com/news/ENVIROTEK-Announces-iw-4131227187.html?x=0&.v=1
This web site
http://finance.yahoo.com/q;_ylt=AqAxuCCOyvZOXGdUgoiXO66tcq9_;_ylu=X3oDMTB2azhrOHFrBHBvcwMxBHNlYwNuZXdzQXJ0U3RhcnQEc2xrA2luY2w-?s=incl.pk
has "In Control Security" showing "In-Control Security, Inc. Subsidiary Cal-Bay Controls Announces Testing of Hydrogen Generator On Agricultural Engines for Emissions Reduction and Increased Energy Efficiency"
That same page also shows "ENTECH Products Group, Inc. (Formerly In-Control Security) to Receive Order From International Customer for 'Entech' Hydrogen Generator Units"
Most hydrogen generators are scams.
And
http://finance.yahoo.com/news/ENTECH-Products-Group-Inc-pz-3655463000.html?x=0&.v=5
has
"ENTECH Products Group, Inc. (Formerly In-Control Security) Announces Acquisition News, Management Changes and Revised Business Plan"
More:
http://www.pinnacledigest.com/blog/mrfence/envirotek
Here is the quote site for BEHL. It has a warning up? Saying it won't post quotes because:
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=behl#getQuote
Basically says they thing something is not right here and list a half dozen possible things like fraud that might be going on.
Also the stock float on this is huge. Makes me wonder if it could ever even be worth .01 cents? The number of float shares has soared recently, something like 631 million outstanding shares issued, up from a 200 million share limit earlier this year, before the AOI were changed? Their P & L looks OK until you try to figure out how they paid (pay) for 8 employees with just $50,000 for salaries. Ten cents a share would put these guys at a 63 million dollar market cap.
I just finished reading this for the first time, from last year, and I see lots of promised projects we no longer hear about?
Here is what appears to be the web site of one of their listed project partners from earlier, Gruppo oil:
http://www.alibaba.com/member/us106703899.html
I was not impressed!
Unless someone here can convince me this stock is not a huge fairly well orchestrated scam, rip off, shell, I am done with this stock for good. I could not find a single solid link to anything that looked real and substantial.
Has it dawned on any of you that this stock might have dropped to .05 by now with out the recent press, like other similar stocks did since about Sept 21? The last 2 weeks have clobered many stocks, not just BEHL. Today looks to be the beginning of a return rally. Tomorrow is likely to be the big test to see everything in the market goes lower (return of the bears), or if the bears go back into hibernation until December. Major battle ground is around 1012 to 1015 on the SPX.
For the nay sayers here, I have done real well this year buying clobbered, broke company stocks like SIRI, that have never made a dime of profit, yet. CYRT did well too. Yahoo did the same thing as SIRI in the early days. Most Biotechs are huge money pits, but many have huge prices and market caps.
BEHL is of interest to me because I see potential investment from huge, cash rich operations like SO that need to find a use for the CO2 their coal power plants produce. Sooner of later, US DOE and companies like Exxon and SO will dump some R & D cash into BEHL like company stocks. Cap and Trade CO2 prices will bring down the cost of algae production as the coal power plants will pay to get rid of CO2 in a recyclable way.
CABN just busted out above recent upper resistance, up 25%. It got dumped the last 3 weeks, just like BEHL. I bought more at .06 bottom, and I am up 100% today. I also bought at .30,.20, 12, and last at .06 and held.
New here, first post, been reading this blog this morning. I have been buying and adding to BEHL positions the last 8 weeks. While I am not impressed with the stocks recent performance, I am still not selling. I watched a sister stock drop from yearly highs of .30 to .06 recently, and grabbed shares at .06, it is rallying this morning to nearly .12 (CABN). They are also in the CO2 conversion to fuel business, different tech.
I think the entire market is nervous, and many have been selling everything since about Sept 18th. I will probably hold on to what I have, and maybe buy some put options to cover in case the markets do another correction this week.
Has anyone here had any recent direct correspondence with the CEO? If so what did he say?
I think when a cap trade finally passes, many stocks will make major moves, some up some down.
Just keep in mind that for every share sold today, somebody else is buying.