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I'm not sure, I should know, I'll look it up. It should be 20-25% better. It has a V10 which makes it more powerful, less fuel efficient, and too fun to gun.
90 billion gallons of existing customers to satisfy, truckers, boilers, etc. Diesel passenger cars aren't that significant. Hydrogen, electric, will compete on that front as well. I drive a V10 Diesel VW Touareg(sp), love it. I get mid 20's. When I start it on diesel in the winter it belches a cloud of death in my garage. With biodiesel it's hardly noticeable. It feels great to run biodiesel. I got a tank of B99 from Allen in Cape Cod once made from pig fat. Boy did the tires squeel.
Biodiesel shelf life is now being extended with additives and storage techniques that minimize exposure to oxygen. Careful what you read too. Exxon spent 23 million last year lobbying against biofuels. I saw a huge increase in negative jargon in the last year. It's important to look at a broad mix of information and sources.
The infrastructure is so complex it's got to be a major consideration. Diesel is well entrenched. While cars are replaced every 4-5 years diesel engines last forever. The institutional and industrial boiler systems are designed to last 100 years. Getting an electric engine to pull an 18 wheeler up a hill won't be easy. Gasoline could be replaced much much easier than diesel. Just another reason to like biodiesel.
Not at all, but thanks for asking.
Good post.
Wow, they undeleted my post after I complained.
You're welcome. No news yet.
He was looking at them all, starting with the most recent.
Allen sent me a copy of the first one. I said they should change "signed contract" and it was too late. I didn't see the others.
I saw one saying we were contracted, was asked to approve it, I asked it be changed, it wasn't. I didn't see anymore till they came out.
They called me because my name is in the latest PR's, I'm Todd Fitzsimmons. They were checking the validity of what was being said.
Tom Smith, SEC, 212-336-0171, sorry Tom
I don't know why the SEC called. I can guess pretty easy though.
Tom Smith, NY Office, nice guy, asked about info in PR's being true or not. He asked if I'd be willing to answer more questions later.
No, home/sick/cold...hope to tomorrow
Yes and No. Yes, we have one,it's an option. No, Aziz wouldn't pay more for it.
Also, you need to be careful burning glycerin, it's easy to make mustard gas.
SEC called me today inquiring about AMHD. They are looking in to the past PR's looking for BS. Saved me a dime.
My daughter has been an algae nut for years. She's traveled and spoken to many of the leading engineers including Dr. Bayless and others. Her partner just went to Israel and saw what they had going on. She says it's all still a very long way from working...FYI
We all have our moments. I admire your candor.
If mgmt lies? He's worked for them before, no?
Yes, we have eight days left to answer, formulating strategy, meeting wednesday, looking at offense with a push for discovery. I need to document tons, have it all, just need to gather it all up. He said this will take a very long time. I told him he had all the time and money he wants, just earn it.
Tex, the Ibox is wrong, you won't fix it, you delete the post with the transfer agent, you tell people they are foolish to believe it and should do their own diligence. Then you personally attack anyone that asks logical questions with no good answer. You frequently rumor inside information, spin the truth, discredit common sense, all while preaching the merits of slurpy salesman with a ticker symbol. I'm with them, sorry.
Not sure about Florida guys, just saw they were looking at it. It doesn't survive frost well at all I know, although new strains may.
Just read it - In the renegotiated version I agreed to refund their money in full if we disagreed on timeline, adders, etc. We then agreed to those things so I'll let the lawyer tell me. They defaulted clearly, that I know. I have a series of a dozen "reports" with every nut and bolt accounted for which were approved, verfied, pics taken, etc. I even setup a special acct as I feared BS and wanted a clean accounting should I need it that has every nickel and dime in and out, and I was in pocket 90% of the time. That claim is BS. The last 25k Turning Mill was sitting on as they were owed money by Azziz and were looking for him to come up with site specifics so we could nail remaining scope, timelines, money, etc including their fees. It dragged as the sites kept changing. I believe they were doing loan apps that weren't approved. They kept trying to do new deals on a turnkey site scope. Present it to bank, get loan, didn't happen.
I think I've gone the extra mile for you here already. You can try to pick up apart 20 of my answers and try to find a snag, you won't. That was sent in May, we still had 90k in outstanding equipment PO's from February when we pulled the trigger, at that juncture they were sending 25k/week times 5 weeks left, plus delivery. And we were committing to a 7/31 delivery. That 125k didn't show as promised (promise #4) and was still 25k short 6 months later.
Here is a link to a Qualifications and Experience document.
http://www.fuel-tanks.com/Downloads/FSI%20Qualifications%20and%20Experience.pdf
Those are credit card change orders I think, we do little direct. The contracts come through our GSA affiliates, subs, KBR, etc.
Ain't that wonderful? Five years of putting my blood in to this and now I'm a dead beat in my favorite magazine. Time is my friend.
Yea. I had a lot of ticked off vendors with my equipment sitting on their dock looking for a check to ship. I had to put the brakes on it and ask them to wait until the client caught up, not ship, re-juggle their production, etc.
Here's a quote from my email response to their may offer;
We have cut/sent PO’s on 90k worth of equipment, those are CIA vendors for us, the PO’s are in limbo as they need cash. Those vendors have received as many versions of when on money that I have, aren’t happy. Our current plan still stalls this equipment. I’ll be purchasing vessels next as we’ll need to rehab/config them. New vessels are 6 months, stainless tank manufacturing industry is nuts with ethanol.
Thx, maybe that's the one I heard about. I have a mind like a steel watchyamacallit, I read alot and remembering it all is getting tougher. I know the super high oil forecasts are usually based on one of those cars taking demand growth from 3-4% to over 10%.
No. They had 37500 they gave me on execution and were banking on Azziz's promised 25k/week (raised through dilution) for the next 125k. It took 4 months to cover 100k of it, they couldn't pay Allen, didn't have a site, or the cash to plug it in.
Mind you I had all the equipment ordered, crews scheduled, production space, etc. When a client doesn't come through with 100k/mos to support all that it comes from where? I was out of pocket deep and having to re juggle 20 employees schedules each time they didn't come through. I wasn't going there again till they got square, they never did.
Each tick oil goes higher alternative solutions become feasible and economical to offset the demand/supply equation. It's how fast each will grow that's tough to figure. The demand will grow rapidly as 4 out of 5 people in the world still don't own a car. I heard Korea has a 5000 dollar car that will pierce that soon. I know the internet has flattened the world and those folks will be catching up. I also know we made biodiesel for 60 a barrel a few years ago while paying farmers to grow soy beans in air conditioned tractors. I think a Jatro farmer in Africa getting ten times the yield can beat that. They and many other alternatives will be in great demand as long as oil is higher than 60/barrel. The price of oil depends on a race between cheap cars and cheap feedstock. That's why someone just put 20 billion up to grow jatro in africa, I'll find a link. D1 was the first public biodiesel company going back to 2002 ish and this was their model. They aren't doing well unfortunately. Sometimes the second mouse gets the cheese.
No, the paper contract was written 5/31, they had already paid half at that point. The original deal (email) was 25% month, 4 months, june delivery (what they pr'd too). In may they had paid half of what they had agreed to have paid, were on broken payment program 3. I wanted the contract done to get a serious commitment I could schedule around. We then had a July delivery scheduled with them paying 25k a week. When the 25k a week promised in the contract didn't show I pulled it down and said pay whenever, when your money shows I'll buy the stuff with it. When the stuff is all here we'll put it on our schedule to build. This put the ball fair and square back in their court. They would send some money, I would buy another item or two, put it on the report, send it back, and wait. It was ridiculous. The 25k/week had become 25k/month at best. We were going in to winter on a project that was supposed to have been paid for in May.
I get half down, half on delivery. They begged to go 25/25/25/25. They hit the first two and stalled for months. Renegotiated multiple times and missed the payment schedule again. It was based on how many shares they could sell and they weren't selling. I couldn't buy their equipment without it and they were in default. I wish I could have but I barely had enough to build my other 20 projects and keep them moving. We did build and deliver 20-30 projects last year, and just as many going back twenty years. This is the first that didn't deliver, and damn it, it wasn't my fault. The 25k was to get to delivery, which then had another 37,500 due, after that it was plus start up, training, tank farm, loading, etc. They needed 100k to finish and didn't have 25k. PR guy quit then too, Allen wasn't far behind, look it up.
Here's a post that got deleted, re-edited (Thx jack)
Fattenin' frogs for snakes....what a life.
Here are some more ideas/oportunities on how Amelot can make an honest buck.
Shrimp farms are getting killed by discharge regs and will make great algae farms imo. Meanwhile they're really cheap. Pitch algae guys on farm deals, and vice versa, they'll need each other.
I heard someone just committed 20 billion to jatropha plantations in Africa. They are 3-4 years from needing a few million customers and their cost will be well under 50/barrel. Think they'd like to have a few presold contracts in the US? Think it's hard to sell cheap green fuel these days? Azz, go get 'em before someone else does. Sick tex on 'em, make sure he brings the hat. What's a penny a gallon times 10 billion gallons a year?
We blended bio at 800 gpm at polletti power plant in NYC, ran half of NYC and wall street on biodiesel blends one day and it was a secret. Cut air pollution by over 50%. Think Patterson would like to switch NYC's oil business from the terrorists to Africa and save money? Do the math on that one. Who'd vote for that? The fireman and some widows maybe? NYC MTA uses a billion gallons a year of diesel alone, NJTA does the same. How many truck stops would you have to supply to equal that? Your sittin on that right under your nose while you cut deals on sauce pans in the barbados....cmon!
If these guys spent 1% of their energy on legitimate biz or even thought themselves capable of it they'd be sooo far ahead.
So we have this..Tex states we have company coming this week, a whole string of newbies with fresh id's show up, none ask any decent questions, just seem to go all in how great an investment this is, the PR comes out , negative posts get deleted, the ibox is wrong, he won't fix it, he deletes the info to confirm it's wrong and the printing press goes ding ding ding. If he's buying seeds I don't blame him.
Just to make sure he wants this in; Todays PR is brilliant. Handing out seeds and promises could be a big homerun. How many hungry farmers can you find in Africa? Their future value vs cost is huge. A blind squirrel might have found his nut. Let's hope he's smart enough to plant it.
I also quoted a boatload of bio tanks for mines in the area switching to biodiesel. We are also doing a large system in Mississippi for a mine. Bio is a real no brainer where miners are concerned.
It has a customer, yes, awaiting attorney advice on next step. I'll go on offense if feasible, seems like it should be, tell you Monday.
NYSERDA POS 1189 I think from memory, Pat something manages it, Ruth Horton is his boss. NYSERDA gives you 50%, you get a 50% NYS tax credit, and a Fed tax credit of 30%. The fed piece is in the 2005 energy bill HR 16something. Your accountant will need to explain the tax credits, you may need to discount/sell them to a partner if you don't have the liability.
I was never served, we told them to serve my atty last week and we have 30 days from then I think. I assume they have by now.