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Everybody was talking mobile/modular since the germans (biodiesel technologies) started doing it in the late 90's. Russ Theale patented the concept, I think way too late to stick, it's not that big of a deal imo. My tank systems are all plug and play.
The catalyst was non toxic, cheap to make, and kicked the reaction 4 times quicker than lye (less heat and/or time/size/etc), and..it wasn't affected by h20, didn't make soap, worked with wet ethanol. We did a pilot plant design for the inventor, he wanted a million to hand it over so he could go back to his lab and work on another new catalyst for some other reaction.
"keeping it"? No, it would be feeding the beast, R&D, overhead, etc. My rent and utilities was over 30K/mos, payroll 80K, outside consultants were over 200K. The market value of the machine was 3M. I also wanted to buy a catalyst tech for a million. I wouldn't be "keeping" anything. I put everything back in to the business for over a decade.
I wanted 1.8M for it, market value was 3M. I had more than that in to R&D. Allen was trying to put deals together, buy out Azziz's interest, get me money to finish it, etc. He had one at the 99 yard line, beautiful plan that went down with AIG.
No, I think they were going to deduct the TMC bill and the restock, not sure though.
At one time Lurgi and Energea were getting a dollar a gallon per year, 6MM GPY system was worth 6 million. Then the 2nd gen guys came along at 50 cents. My COGS was about 8 cents (not including R&D). I wanted 30 cents. I was willing to let it go out the door at cost with a note/equity/etc on the rest as once we had one up I'd have numerous orders for others. I also wanted to buy a catalyst tech for a million and incorporate it allowing us to make ethyl-ester.
There was no negotiation, just a PR stating they were suing me. I had over a million dollars in developing it and years of multiple salaried employees paid working on it. The system we were last building had a 1.8 million dollar value on it, a very long way from the New Hampshire batch system we originally contracted. The two years of my time detailing out numerous locations, plans, utility req's, site drawings, etc. was easily worth $300K alone. $78K was a joke compared to what it cost me. I only offered that deal to make him go away.
Pretty pic, glad they changed it out. I see lots of cartoons of systems out there, very few actual pics. My guess is they took someones pic and put their logo on it, maybe even someone did a conceptual drawing. Shows some initiative. Building it or buying it won't be as easy. It will help sell dreams though.
It would take all day to answer that. I have done it several times here already. I'd be glad to explain it on the phone, my cell is 315-952-1259. Azziz couldn't pay Allen or TMC and had defaulted on our promised payments. It was later that he filed the lawsuit and went on a PR and dumping frenzy.
No, and neither was the option of changing their mind half way through the deal and expecting me to eat a year and a half of time plus pay restocking fees to vendors or discounts to ebay on non returnable parts.
Watch me
My name is Lowell Todd Fitzsimmons. My brother and I use our middle names as did my grandfather J. Lowell. It's not a conspiracy to deceive.
My thoughts on the TMC deal...no idea why or how they settled. I suspect their is something else going on not mentioned in the PR, always is. Allen is at TMC still trying to put deals together on wind, biodiesel, alt energy projects, etc. He's mentioned finishing the processor to me on occasion saying he'd take care of Azziz in the deal. It's been years now I've heard that. I wouldn't touch a deal without cash up front, in escrow, etc. I will also get my name cleared in a counter suit with AMHD. If successful, Azziz will be back in Pakistan without a paddle.
When Allen was there things were cool, he knew the deal, we had a million emails and conversations, he was trying to get a plant site, financing, offtakes, etc.. When the money dried up and Azziz was stuck in the middle of the deal with no resources to move it forward he expected me to return the equipment and his money for free. I had a year and a half of my time in it as well. I offered him the 312K paid less a "restock" charge of 25%. His reply was the lawsuit done in PR's broadcast all over the planet. I read it in the news before I received the summons. He then dumped billions of shares in to it.
The corporate bankruptcy will be filed soon, needed money to do it. Then I will be pushing for discovery on my counter suit.
I actually just did the math and toilet paper is .0024 a sheet. How many sheets can you get out of a share? AMHD is way undervalued, I'm shocked.
I am not a share holder. Wish I was, toilet paper is getting expensive.
Bull, you're clueless on facts, except you got my first name right. I don't hide behind an alias pimping scam stock. I build things, real things, like my grandpa Lowell did when he wasn't putting criminals in jail. I always wondered what it was like to make license plates in NH that say live free or die.
Bull..I have a 1000 successful projects under my belt.
huh? you ain't even close
It was always awry, constantly changing. I think $312,000 was paid total. Then they ran out of money and i was in a holding pattern waiting for them to get financing.
Because I said so, and I am not anonymous, and have much to lose and little to gain if it isn't true. Or you can believe the men behind the curtain running a decade long pink sheet stock scam.
Yes, and I am counter-suing them, as you know, as does everyone.
They redid the website and left this up...
http://www.amelotholdings.com/our-businesses/technology-and-innovation.html
Is that honest?
Why didn't they give details on the TMC settlement? They have no shares to sell, no hope of financing realistically, little reaction or credibility left on pr's, etc. Barbados can't be doing anything or they'd mentioned it..what's left to do?
I think they tried to clear the debt so they can sell the shell to someone else. Then you'll see a RS..just my guess.
Thx..I'm not in the smoke and mirrors business, they are.
Commercializing a process tech is tough business. It's a game of leap frog and your window of opportunity is small and unpredictable. The biodiesel process biz is full of mouse traps, that's for sure. I lost big on it, cost me my biz, house, wife, dogs, etc. It's full of bs artists, dreamers, liars, opportunists, etc. I am doing well in the good ol' tank business and will likely not be jumping back in to biodiesel. I do believe it will replace diesel eventually as the economics are driving it that way, peak oil, economies of scale, third world feedstock, algae, etc. I hope for my kids sake it does. 78% of air born cancer causing toxins come from diesel.
The corporate secretary goes on a walkabout and it's PR'd..lmao.
I'm counter suing them as well. They called us looking for their attorney, seems they can't find him, lmao.
It didn't go in my pocket, it bought equipment sitting in a warehouse. They screwed me, like 99% of the others that have ever done business with them, you included. I have no shares.
The processor I was building in the end was worth about 3 million and would have made ASTM fuel. The 2MM GPY New Hampshire system we started out on under that contract wouldn't meet ASTM, wasn't spec'd, was a build what you can for 250K so we can sell shares kind of deal. The goal was to raise money to build a real plant. When they realized that plant wasn't feasible they kept trying to put new deals together on real plants revolving around our processor. I was willing to do it for my cost plus promises as I knew I'd have a boatload of business for the processors once we had one up.
Anyone that has been screwed by them should also disclose it then. How much are you out?
Yes, I am. My name is Todd Fitzsimmons, I have nothing to hide. Should we take what you say at face value too mr guanno?
Which tests? How often? Initial tests are much more. My statement it costs millions is referring to the process equipment required to make ASTM quality fuel, not test it. The ebay style system they are using won't begin to come close.
Allen wanted a small batch plant, ebay style even, to drop in NH. Intent was to get it done, promote stock, sell shares, raise capital, build a real one somewhere else. He said he had 250K to work with, gave me a small deposit, splashed they'd hired us. A few weeks or a month later I had him convinced it couldn't be done, he had no tank farm, loading area, residential neighborhood with trucks hooked up by hoses in the parking lot, the electrical needed a 50k upgrade at min to put methanol in the room. He then wanted a 6MM GPY for location 2. I spent a month designing that site, requoted it for much more and he was pitching the business plan to the banks, no bites. Then site 3 was containerized with hoses to trucks. He said he had 20k a week coming from azziz and was optimistic about banks as he has really cool/viable business plans, Allen is the best at that there is. Amelot's background was holding him back imo. He ordered a genset with a gasifier turbo charge unit to run the plant on the waste glycerin as he had no power in the parking lot. Two months later when they had quit sending money were broke, cancelled that part. I had over a million invested in biodiesel processing tech and needed to get over the finish line with a completed processor. I would have a 3 million dollar machine to sell that cost about 500K to build. I had tapped my cash, state dept owed me a fortune, paying slow, his dough was buying the parts, every nickel. Azziz wouldn't agree to anything reasonable on the upgrade from a 2MM ebay system to a 6 MM GPY containerized continuous flow processor. I had told Allen I would program it to run at 2 MM GPY max until Azziz agreed on a fair price. It had a market value of 3-6 million, think my last offer was 1.8M, about what I had in to R&D. I only wanted enough cash to get it done, was willing to take a note on the balance as they'd be raising money. While they were months behind in their promised payment schedules, many versions, all missed, I resolved to buying the parts as they sent cash, updating a spreadsheet, then wait. They went broke, had to let Allen go, couldn't afford his paycheck. Then Azziz wanted his cash back while I had a year of time and 310K worth of parts to return. I offered him a 25% restock, the same price I'm charged when I send back stuff ordered and returned, which is all I'd get sending it back. I'd also be eating a year of my time worth hundreds of thousands. I even offered to go to binding arbitration as I knew I was being wicked fair. He'd call me drunk after hours on my cell and call me names in drunken rants. I quit taking his calls. Meanwhile Allen is trying to get a new deal financed and buy out the processor from Azziz which always seemed to be happening "next week". Months went by and without warning a lawsuit PR hits the streets before the summons hits my desk. Azziz fired up the printing presses diluting the death out of it as he ran the lawsuit PR all over the world. I had a 20 year stellar reputation without a flaw anywhere, tons of success. Today I googled my company name and at the top of Google it still says Amelot persuing legal action against us which is what many customers probably do. I had my uncle pull me aside at the family reunion to complain our name was being muddied even. This 5 foot nothing drunken little bastard has never done anything in his life other than suck money from others. I worked my ass off for twenty years, built 1000's of first class systems. I was an idiot for helping Allen. I just wanted to get the machine done. I knew I had the competitors cooked and would see a long line of orders if I could get it running. I never trusted Azziz for a second, ever. I did trust Allen and regret it.
Here's a useful link about methanol recovery
http://www.spacetechsolutions.com/story_print.asp?Story_ID=10129
The 312K pile of parts had one million of engineering and R&D behind it. It needed about another 60-70K worth of parts, then assembly, testing and would then be worth 3-6 million in comparable value. It was designed to do 6 MM GPY per year. The 250K is what batch guys pay retail for a low volume (4 gpm) standalone methanol recycling system.
What you're saying is preposterous. No offense but you have not the first clue about how these things work. Amelot sending them a letter isn't going to work. First, the engine manufacturers association has been lobbied heavily for a decade. In 2004, The National Renewable Energy Lab in Colorado, Dr McCormick, opened his lab to them to show them the fuel was viable. They allowed a 5% blend if the fuel met astm. Some manufacturers later went to 20% blend ratios. None have approved higher blend ratios to my knowledge. Millions of dollars in studies have been done by the post office and others to help move this ball while a letter from Azziz would have done the trick? The tougher standards adopted by ASTM were done to weed out the junk fuel guys, like amelot. They all require the fuel meet astm. I don't believe their is an oil refinery there. If there is they wouldn't run used restaurant grease in a system designed to refine oil. One, it wouldn't work, and two it's a lot cheaper to build a system specific to the task than it is to try to retrofit an 200 million 800 lb gorilla. ASTM D6751 requires 15 different tests from CFPP, copper corrosion, particulate, cetane, etc. The initial batch of tests runs 40K. You then run numerous tests on each batch of fuel looking for markers that can trigger other tests. If it's good fuel it costs about $4K per batch. Amelot is making 200 gallon batches, do the math. Meeting ASTM requires a real processor costing millions if you are using virgin oil, much more if you're using restaurant grease.
It's best to separate the biodiesel and glycerin and then flash each independently. Flashing them together reverses the reaction.