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In my post #3882 I asked IBA about Montana plant and was told:
1) I will confirm information regarding the Montana property after our call with Mike today.
That was 17 May, Since no further information was provided I sent another email asking for information last Saturday and another one today and so far no response. Has anyone received answers to their questions to IBA recently? IBA was very responsive in the beginning to my inquiry and others yet have heard nothing since. It does not take long to respond to investor/potential investor's questions. Me being the pessimist, I wonder why no information is forthcoming on Montana, Roswell Financing or other questions I asked that were left unanswered. Like I've heard before, you just don't report bad news. Wish I knew what was going on. So again I ask, has anyone been able to get an answer from IBA recently?
Please remember our fallen heroes this weekend and throughout the year.
My analysis on the JV, I look forward to your comments.
You have to look at this JV several ways. This JV will in fact be additional overhead for the CPOW finances. Transportation assets and methods are what this JV is about. Therefore this JV will be an overhead cost to facilitate the profitability of the product being shipped. I'm not sure where the profit for this JV will come from. Will the JV with chongqing have to pay this JV for the transportation costs? Therefore, First JV CPOW gets 5 percent profit, but must pay 5 percent of overhead to ship, then gets 30-40 percent of the 5 percent they gave in the first place? I'm truly not sure how all this will work out but seems these JV's will be intertwined. This will be an accounting nightmare for those investors trying to maintain an eye on the financial health of CPOW. The other point is if the crops fail, raw material not available, weather problems etc, CPOW responsible for 30-40 percent loss. Is that total loss percentage, even though the other JV providing the money?? You see, these are details not yet published or may not even be known as both JV's are only to look at feasibility of performing certain tasks. Because this JV will be overhead and not necessarily profit, pps should not rise on any financial gain, but only on the possibility of future sales.
My other issue, and like I said before I am a bit of a pessimist but very hopeful for CPOW. Why no PR on Montana plant, Why nothing further on Alabama? Hiring more people?? Could this be the tail wagging the dog? I'm not sure but I'm concerned that new information is brought out yet no updates on past pr's have been given. It's been over 2 Months since Alabama deal was supposed to be finalized, and about 5 months since originally mentioned? And though IBA responded to My first email with in 24 hours, they have yet to update me or anyone else on the Montana plant status. I wish you all well and good luck. Let's not forget to pause this weekend and remember our Fallen Heroes and those that currently serve our great country
Probably because either the deal with Roswell was disapproved by the SEC, Is delayed, or they realize because PPS and volume are so low, they will be unable to get the required financing they need to pay off past debts (see last 10Q) and finance future operations. That's my guess only. The next Report should shed some light on all their financing arrangements.
Read their finance reports, they are telling you nothing new, if I remember correctly this is directly from one of their reports. I'm going to look to see which one. Another disappointment.
http://www.sec.gov/answers/form8k.htm
See the above SEC link, sections 1.01, 2.03, and 3.02. CPOW had four days to announce this deal once it was finalized, especially since they made the arrangements by paying with shares, 500,000, according to the response from J Boyd of IBA. From what I can tell, MR Shenher needs to file this report and give an explanation as to why it was not reported within the timeline of the SEC requirements. Another disappointment. Thoughts?
I'm still concerned with KND Feeds, that's why I asked. But thanks for refreshing my memory, I should have checked the KND 8k. But this is what bothers me and I've yet to get an answer from anyone:
http://www.pinkinvesting.com/article/view/Clean-Power-Concepts-Inc.-CPOW.PK-Gaps-up-on-Newer-PRs
"Supposedly KND is "a well-respected Saskatchewan based supplier to the livestock feed market" and has been in the business since the mid 1980's. The somewhat curious thing about it is that this "well-respected" supplier doesn't seem to be mentioned anywhere outside of the agreement with CPOW. There was however an 8-K filed with the SEC about the agreement, which means the company at least exists in some form, but just how big and how important the agreement is, is an entirely different matter."
But Even in January this individual said the following:
"At any rate a good strong audited financial report would do a lot more good than the intermittent bombardment with positive PRs."
I sure hope we get this cleared up soon. This is the CEO's problem and no one elses. He's in charge of the PR and financials that are released. He's in direct contact with the IR firm he hired and should be much better at authorizing the release of information requested as I see no one is asking for insider information but basic company status information. MM's will have a field day doing what they do best, while the small investor sits and waits for news. Positive news and audited financials are the only thing that will increase new investors and buy orders. Until that happens we are stuck. Sorry if I sound more frustrated but it is what it is.
Steve, Not sure how long you have been following this stock but do you know of any reason why this small company would triple it's available shares by giving a stock dividend? Anyone else have an opinion?? I ask to those that followed CPOW before Nov 2010. Maybe Jack can enlighten us. I'm not ready to accept eagles premis yet, but it does make me question just why they did what they did and when they did it. Oh and still no further answers from IBA, Mr Edge or Mr Shenher.
Eagle, I was not aware of CPOW's existence back in November, but I have absolutely no clue as to why CPOW would give 2 shares for one which incresased their shares from 78 million to over 240 million. This as you know was not a stock split but a dividend. Each share holder recieved two additional shares for each share they owned. It does not make sense to me why they would do that. I could throw out several ideas but none of them positive and none of them proven. So I will leave it at that. Either way, it was a great dilution of current share owners until the paid pump happened. Now the stock is going back to where it was before the pump, and will stay there until verified, audited, financials and business plan is made available to the public. Time will tell. Maybe you can elaborate on your ideas.
skyhi, did you get any answers to your questions or what were you told? In your opinion you stated that Montana would be for KND feeds? If I remember correctly KND feeds only will sell the meal, who will get the oil, and what type of oil? Did they give you any indication of that or if they are producing anything yet? Also was anything discussed in reference to how the meal is part of the JV? Has anyone confirmed cpow gets all the meal or just the 5 percent profit as is in the agreement?
Thanks Scout, but as the pessimist in me has to point out a few things that I'd like your opinion on.
First, This firm has been hired by CPOW to sell their company in the best light possible, nothing negative will come out of it. So to give a "strong buy" is very biased. This is not a third party recommendation so take it as it is.
Second, this "strong buy" is for "under .10". So what happens when it hits .10 or .12 is it then overbought? That statement of "under .10" leaves a lot to interpretation. And doesn't show much growth potential as is stated.
Third, 60 days from now for the Annual Report? That would be 75 days after the reporting year ended. Too long for me, just what is the delay? Will this report be audited?, as others have not been. What is Mr Edge doing about this??
Fourth, "IBA is actively informing our database of investors on both Clean Power Concepts and General Bio Energy's business plan and future potential." So....Just how many people are in their database and exactly why are they limiting the information to only that database? Would be interested to know exactly what they are telling these people as current investors do not have any detailed information. As an investor all of you (as I sold mine) should be getting this information already.
Fifth, I'm still wondering when IBA became CPOW's IR company, and still waiting on answers to my other questions in reference to Montana. That discussion they Possibly had the other day should have answered those questions.
Jack,
I reread what they sent me see #4 which atates:
4) The rumor is false we have had investors accumulate over a couple million shares in the last couple months btween .095 - .12.
IBA has been with CPOW for "the last couple months"???????? Really makes me wonder now, when did they become CPOW's IR firm as it never has been officially announced. Months?????
Jack, I agree, but why would a IR company use an IHUB post to give an investor or potential investor information on management. Does not make sense. I'd rather they just say, they are in the infant stage with CPOW and accumulating necessary information to answer investors questions. Maybe I'm in the minority with that, but doesn't help with anyones due dilligence to quote an unknown third party. IBA needs direct information from MR Shenher, verify that information and diseminate that to the investment community. I'm disappointed yet am hopeful they provide better information in the future.
Reply from IBA, though I am far from satisfied, anyone who quotes a discussion board as their source or reference regardless of the post is NOT valid and a poor excuse for providing information that way. The anwwers given were all from PR's already published ie #1-PR, #2 PR and Ihub, #3 PR and IHUB, No pay details or what they are doing for this company. They appear to be watching Ihub posts. Not too confident in their ability to do much for CPOW. Like I posted before, they only know what Mr Shenher gives them, this is not an unbiased third party report so take it for what it is. I'm not sure I was expecting another copy and paste of past PR's but that's what I feel I've received so far. I look forward to the other yet unanswered questions.
John,
I will answer your questions to the best of my ability. Our team will
be having a conference call with Mr. Shenher today to get a better
grasp of what is going on.
1) Yes Randall Edge is an active CFO of CPOW. I do not know his
compensation details.
2) Dr. Freeman is the President and Director of General Bio Health
division at CPOW. He has an impressive background, please see April
16th ihub post about him by StockScout1.
3) Mr. McDonald is the Regional VP in CA. He was brought in to
"develop sales and marketing of the company's products and brands in
the CA marketplace."
1) I will have a better answer for you shortly.
2) Our initial contract is for 6 months and we're compensated with
500,000 free trading shares and we have not sold a share.
4) The rumor is false we have had investors accumulate over a couple
million shares in the last couple months btween .095 - .12. It was
misinterpreted by your fellow investor.
5) Please review our website under services www.ibaconsultingllc.com
1) I will confirm information regarding the Montana property after our
call with Mike today.
2) I understand they are current on their lease in Montana.
Thank you for your questions. We are working diligently to keep
driving the right investors into CPOW. There is a large short in the
stock that we are working hard to counter. Contact us anytime, there
is a Private Placement available as well if you would like more
information on the discount to the market.
Regards,
Jon Boyd
Interactive Business Alliance
www.ibaconsultingllc.com
866.525.4714
The problem is that the IR firm will only release what Shenher allows to be released, all this IR firm can do is attempt to answer our questions within the limits of their agreement with CPOW and the knowledge that is given to them. I'm looking forward to the type of answers I get from IBA. Specific vs Vague or ?????
Email I sent to IBA:
Good Afternoon Sir,
Wondering if you can answer some questions for me. I am currently following Clean Power Concepts and as a possible investor I have some questions.
Management Questions:
1) Is Mr Edge an active CFO of CPOW or has he and his company been hired to perform CFO duties on a pay as you go basis?
2) What is Dr William Freeman's association with CPOW? Current duties? Pay?
3) What is Mr Mcdonald's association with CPOW? Current duties? Pay?
Financing:
1) What is the state of the financing deal with Roswell Capital? Has the SEC approved or disapproved this agreement?
2) What is the contract between IBA and CPOW for the IR services as no 8K report has been filed to the SEC?
a) How long is the agreement for?
b) What was the payment, Rumor is that it was several million shares of stock is this true? If so did the shares come from the authorized shares or from Mr. Shenher himself?
c) What services will you be providing.for CPOW?
Operations:
1) Is the Montana plant currently being run by CPOW, if so are they producing and what is their output?
2) Are they current in their rental payment on the Montana plant?
Any information you can give me will be greatly appreciated and a huge help to further my due dilligence. I thank you for your time.
Sincerely,
If so it confirms what I thought and validates why CPOW did not report this. Did the shares come from Authorized shares (more dilution) or did Mr Shenher transfer some of his personal shares? Either way an 8k should have been reported. I was going to buy in again at .09, but looking at the level II's and now with this info I'm going to wait. I think we have further to go before any rise in pps.
On another point anyone know if their finance deal with Roswell has been approved by the SEC yet??
I still haven't received a response from Mr. Shenher or Mr Edge. I will be emailing IBA in reference to their management and see what they can tell me. Still unsure about Mr Edge, Mr Mcdonald, and Dr Freeman. I hate to be that pessimistic but we should know who the management is and what they are doing for the investor.
Your welcome, but if all this ir firm is doing is providing the one page info sheet, that's not much. I'm interested in knowing the whole contract between CPOW and IBA, how much was spent, what was used, cash or shares. How long is the contract for? Also interested in how CPOW authorized shares is now 11.2 Billion. Did I miss something in one of the SEC reports or has this been this high from the beginning? Also since this one page report shows daily averages etc, I wonder how often and to whom they will be providing this information. Alot of questions but I still don't understand why Mr Shenher has not released this agreement. You would also think the first IR news that would be sent out would be the agreement between the two parties, which makes me wonder, with little cash on hand maybe this is all CPOW could afford at this time, a single page flyer and a point of contact for questions.
Received this from Interactive Business Alliance via email:
"John,
Yes we have been retained as CPOW's Investor Relations correspondent. Any inquiries regarding the company can be emailed to jboyd@ibaconsultingllc.com or contacted on 866.525.4714.
Thanks,
Amy Scott
Administrative Assistant
Interactive Business Alliance
www.ibaconsultingllc.com
866.525.4714"
I also received a one page report, I did a copy and paste so bear with the below as it lost it's formati but I find it interesting that authorized shares is 11.2 billion shares, total shareholders 7,500. Here it is:
Clean Power Concepts, Inc.
OTCQB: CPOW
INDUSTRY:
Industrial Organic Chemicals
PINK SHEETS
RATING /
EDGAR STATUS
OTCQB
Fully EDGAR Reporting
BUSINESS
DESCRIPTION:
Clean Power Concepts is a producer of Filtered Canola Oil, Canola Feed Meal,
Lubricants, Chemicals and Additives. The company manufactures and markets
products under CLEAN POWER CONCEPTS® and MOPO® brands.
SHARES
AUTHORIZED:
11,200,000,000
SHARES OUTSTANDING:
240,077,763
LAST TRADE:
$ 0.108
CURRENT MARKET CAP:
$ 25,928,398
MOST RECENT 10-Q:
March 22, 2011
NO. OF SHAREHOLDERS:
7,500
52-WEEK HIGH:
$ .52 (12/29/10)
52-WEEK LOW:
$ .04 (12/14/10)
AVERAGE VOLUME:
696,914 (10-day)
1,465,750 (50-day)
5,638,540 (200-day)
SUMMARY FINANCIAL INFORMATION: 12-MONTH CHART:
3-Months
Ended Jan
31,2011
3-Months Ended
Jan 31, 2010
Net Income: 24,128 (109,884)
Gross Profit: 53,572 51,330
Total Expenses: 379,864 144,425
Operations Loss: (326,292) (93,095)
Net Income Loss:
24,128
(109,884)
INVEST IN CLEAN POWER CONCEPTS, INC. (CPOW)
1.
Clean Power Concept’s patented proprietary crush technology process ensures a superior aqua and
animal feed processing with a low cost of capital which ensures long term profitability coupled with a
superior rate of return. This process essentially gives Clean Power an above ground oil well.
2.
The biofuels market is predicted to triple from $76 billion to $240 billion by the year 2020.
3.
Clean Power Concept’s wide range of products include food, fuel input stock, high grade animal feed,
bio plastics, motor/hydraulic oils, asphalt enhancers, energy pellets, protein extraction, powdered milk,
aquaculture, lubricants, diesel fuel, conditioners, cutting oils, biodiesel and jet fuel.
jack, did he state why no 8K and how they paid to retain this firm? Cash or shares of stock?
Jack,
Has anyone confirmed the Interactive Business Alliance has been hired by CPOW??
Still no reply from my emails to Mr. Shenher or Mr. Edge.
Barely 200,000 in volume today only 20,000 dollars. Bad news for financing deal. Thoughts.
The MOU was not a binding agreement where the signed JV is. That being said, things change, the MOU also stated 90/10 correct? So now the signed JV does not mention the meal, Until they modify the agreement, which is possible, I believe the meal is still on the table.
Logistics is huge and can be a nightmare if not set up correctly. There are many challenges. Yes, locating a plant near decent roads for vehicles, water routes for exports, and rail lines to move raw and processed goods across the country and to the ports is critical. But that is just the beginning, you must have enough storage facilities both incoming and outgoing to avoid any type of bottleneck. If you can't get your outgoing logistics to match your output, you either waste money by having transportation waiting on you or you have to slow production because a lack of storage space or transportation assets. You must purchase the raw materials to meet the outgoing demand. Too much raw goods and again you have to provide storage of which you risk alot of waste if not processed soon enough. Having someone knowledgeable in contract management will be huge, having someone that can analyze crop production / forecasting will be huge. The problem I see, especially for the meal is having the clients to sell to. CPOW is far from the only ones performing this type of work and is probably one of the smallest companies in Canada's 2 billion+ dollar seed crushing business. Not having the clients will halt production almost immediately. CPOW will also need an attorney to ensure contractual obligations are met for them, their suppliers and their customers. Also an attorney to ensure contracts are properly written to include possible unforeseen problems such as "acts of God" etc.
Back to logistics, outside of the China JV which as I understand it will be several years in the making, CPOW must get their infrastructure together asap. There is a serious problem with companies that grow too fast as they are not able to keep up with all of the requirements that will be placed upon them. Hopefully they will use some of their Roswell money to get some experts, full time, along with a consulting firm in this area that can help them along. If Mr Shenher is still a one man show, it won't be long before he is overwhelmed and through no fault of his own other than having too big of a dream. Hope this helps.
I stand corrected, he did not win the nomination, so he is no longer running, but the page is still available.
Thanks Jack, but you also proved my point that it has been months since we've heard anything. Montana? Questions left unanswered, Alabama, Questions left unanswered, Regina Questions left unanswered. I hope that in this next 10Q Mr Shenher explains what is going on and adds a little more than past PR's as is in previous 10Qs/10As. But I also would like to know if anyone has ever heard from CPOW's management. I know Mr Edge is running for office yet in his election profile page it says nothing about him being the CFO of CPOW. Link below, but as much as I want this company to succeed, I wish we had the basic information expected of other companies. Also I have no idea what Dr Freeman and Mr Mcdonald are doing for CPOW. Past PR's that have yet to be confirmed. Again, I am hoping for this company to be very successful, and have made a bit of money with my recent trades yet the longer I look at it the more doubtful I become. Am I wrong? Like you I am looking for specifics, but from CPOW management not necessarily on this board.
http://edgerandall.blogspot.com/
Randall W. Edge, MBA
Gender: Male
Location: Regina : Saskatchewan : Canada
About Me
Randall is a Management Consultant and an Educator. He current teaches Business Administration at SIAST. He has worked diligently as a volunteer for the Wascana REDA for over a decade and is the current Financial Agent for the Wascana Conservative Association
and...no one that I'm aware of has traveled to Regina Plant, Montana Plant, Alabama biodiesel or have sponken to Dr. Freeman, Mr Edge, or Mr Mcdonald, or have heard any statement from any of them. I sent email to Mr. Shenher and got the auto reply email, and I've emailed MR Edge that's listed on his web page, to no avail. I'd just like to know what job they are doing for the CPOW investors. Am I wrong or are we relying on blind faith? And on another point posted previously, what Mr. Shenher needs is for the Canadians to invest heavily into CPOW not necessarily the Chinese. They easily could check Regina Plant etc. Just food for thought.
Jack,
I don't see the Chinese investing in CPOW as 1) They are a communist country that will invest in the Chongqing Grain Group, and 2) why invest in the 5 percent company when you can invest in the 95% company. Risk lower, reward higher investing in CGG for the Chinese. Plus, once CGG gets a foothold into Canada with these plants, would not take much to end the agreement, buy out the other 5 percent and stay with it on their own. Thoughts?
I thought Regina plant only had capacity of 150MT/Day yet hoping to increase to 450MT in the future??? Where did I miss the increase to 600MT?
Did you refigure at 5% instead of the previous 10%? And did you also take into account the increased available shares from current 240,000,000 to ???? because of the Roswell Financing Deal. Of which over 600,000 dollars worth of shares will be paid to Roswell for Fees? Just wondering if all figures have been changed based on recent developments.
I'm sorry but another question. For these two plants to be 100 percent they must have a lot of contracts for the raw materials, do we know of any current contracts? Are we looking at Soybean, Rapeseed, Canola, or Camelina? and as I see we have a contact in Brazil, has anyone found any information on Mr Carter, I cannot find him on-line anywhere, I'm looking for his past accomplishments and experience. The closest I've found is a Mr Jeffrey R. Carter of the Chicago Mercantile Exchange, but nothing on a Jeffrey D. Carter.
Please help me out here, you say 450M/T per day, the below information is from this IHUB page just above the Post section. Where have I missed the additional 300M/T per day?
CPOW/GBE’s plant is Western Canada’s first retail Bio-Diesel Fueling station and contains all the primary assets of the company.
The manufacturing facility has a rated capacity to generate a total annual production of oil on a current run rate of 150 MT of crushing capacity equal to 19.7 million liters (approximately 18, 250 MT) and approximately 30,000 MT of meal.
The manufacturing facility has the capacity to generate a total annual production of biofuel on current run rates equal to 19.7 million (18,250 MT). Additionally, our Biofuel processors have a capacity to exceed25 million liters of fuel production capability. We estimate future production capacity will reach 450 MT crush capacity (approximately 59.6 million liters of oil / biofuel) and approximately 108,000 MT of meal annually, and biofuel production will be enhanced to match the oil supply capacity.
Crushing Operations
CPOW/GBE’s plant has 150 MT/Day of oil seed crushing capacity based on a proprietary process that utilizes a double crush mechanical process with a “Hydro Jacket Heated Seed Entry” system that maximizes oil extraction to more than 90% and creates an oil seed meal capable of being pelletized, further processed to manufacture pet or other livestock feeds, extract proteins, or shipped raw due to its dry non-compacting properties.
I'd be more concerned with this line from your link:
Founded in 2008, Chongqing Grain has total assets of RMB 4.77 billion ($725.89 million).
And people expect Chongqing to utilize over 10 percent of their assets to build a plant in Canada?? Remember cost would be between 70-90 Million dollars. Have a great week all.
Well, after a month of digging and finding very little I'm taking my small profit and getting out of CPOW. I wish you all well, but there is way too much uncertainty now more than ever. The total lack of transparency is what really gets me thinking, as one of the posts I read, "you never report bad news", and since we havent heard anything for sometime I'm selling. Reading all posts here and on several other boards I find I can do much better elsewhere. I hope all of you longs make your millions. Thanks for your input and replies to my posts, though honestly I find that no one has been able to answer with solid facts just a lot of hope and wishful thinking. That's ok as this is very speculative, not sure what I was looking for. I guess that all ties into the transparency issue and unless I travel to Canada and Montana personally I'll never find out what is happening. I will be watching from afar, have a great weekend.
Well your point is well taken, that brings me to another point though, china may only need CPOW's oil for the next three years until they build their own plant, will be good for a few years, but if China invests 70-90 Million dollars for a new plant why spend another 40 million a year for oil that you will eventually produce anyway, I sure hope MR Shenher is as smart as you all say, I don't know him and only became aware of this company by the December Pump. But yes, I am skeptical, that is my nature, especially in the Ag business as so much can happen out of the control of the company.
So you are saying Regina plant is currently processing 150MT per day? So their revenue just for the oil is 185,597.50 each day? And 39,396.00 for the meal every day? If so why haven't we heard of this yet. That would be over 20 million in revenue this quarter alone??? But I'm well aware of the agriculture business, so I'm sure that's capacity and not actual output, which goes back to my question of what are they doing in the plant they currently rent and have run for the last several years?? What is there actual output?? Would be nice to know from the company. We'll see end of May or June whenever their quarterly report is released. I sure hope its more positive than last as I'm sure they can't claim another tax benefit.
Just a question for the board, we have been concentrating on Alabama, Montana, China, what about Regina? Are they at full capacity? Are they selling maximum output?? Do we know their current clients?? I've been so consumed by what may be coming, I haven't asked the simple question what are they doing at the Regina Plant that has been in operation for years?????? Thanks to all that respond.
Speculation here on the pps for the chongqing JV. May jump very slightly on the news but like the other pr's, will not be sustainable due to the fact that CPOW will only own 10 percent of the JV, the initial cost is estimated to approach 90 million dollars, and as Mr Shenher has been quoted as saying that production COULD start by April of 2014. Three years of development a long time away to sustain the company, so the more important sustainable projects must be Montana and Regina plants functioning at 100 percent capacity. Anything less could be disastrous to keep the company going. I'm not too keen on the Alabama plant as like I posted previously, too many unknowns about the ownership and we are over a month past from the original closing date of the deal. Like I've seen posted previously, Once China is involved in this venture, it would not take much to buy out the other 10 percent and leave CPOW high and dry. By 2014, China would be well ingrained in the contractual phases and won't need CPOW any longer. Maybe a bit cynical here, but we are talking about China, a Communist country that doesn't play by the same rules as we or the Canadians. I wish all of us luck, and by the way, has Jack received any photos or names of the Chinese Delegation that came to Canada? Again, cynical, but I find it strange that nothing more has been said about their supposed visit. Or am I wrong??
Steve,
Have you or anyone else found out about this past Alabama Deal, Very worrisome to me. Thanks
Great article, but allow me to add a few concerns with this overall market and food shortage, that CPOW's CEO needs to consider and act upon.
First, Fuel Producers
That anticipated demand for soybeans by fuel producers may not be met by U.S. farmers, who told the government last month they intend to cut acres planted with the oilseed by 1 percent this year, the USDA said March 31. Chinese growers may plant 11 percent fewer acres, seeking greater profit from cotton and corn, the agriculture ministry said in a report March 16. Prices for both crops more than doubled in the past year." and "While higher prices may be hurting food companies and consumers, they’re bolstering income for growers."
The ones that need the oil the most may plant less to make additional profits for the growers / agriculture industry. Though they are talking corn, cotton, and soy, it will cross over to other seed crops. Thus raising the prices of the raw materials that companies like CPOW will have to pay, though they can pass on some costs to the consumer, for the most part the profit margin is cut. Also less product equals greater competition for the "oil / Fuel" producers. In other words, Shenher needs a commodities expert on his staff to be able to forecast and acquire goods on the futures market to maximize profitability and stabilization of raw material and manufacturing costs. I look forward to seeing how he handles this.
Secondly, and out of everyones control is the weather as the article states we cannot afford a hiccup. So again, Mr Shenher needs to stock pile as much as possible, if possible, and as soon as possible to avoid production delays in Montana, and possibly Alabama (if still on the table). Problem currently is funding, I know the 30 million is possibly available after the SEC approval but so many restrictions and limitations that it may be very difficult for the leadership to recover or sustain production from any natural disaster. I'm hoping for greater transparency in the future that will alleviate the markets concern, and thus gaining CPOW the respect it so desperately needs. I look forward to your thoughts.
Second:
Thanks for your input. I'm trying to do my research on the alabama plant, and I've come across the below links that I find interesting. PetroSun in 08 is being shown as purchasing the same plant that CPOW is supposedley acquiring. As Petrosun is also a penny stock, I'm wondering how all this is playing out. There are no SEC filings for PSUD and I've hit a wall trying to find out exactly who owns what? Any one know of the below transactions and how that might effect CPOW's acquisition of Alabama bioenergy, Eagle Biodiesel....Fleet???
http://biofuelsdigest.com/blog2/2008/02/26/petrosun-acquires-eagle-biodiesel-plant-in-alabama/
http://www.biodieselmagazine.com/articles/2267/petrosun-commences-algae-farm-operations/
That's all great but does anyone know what he does?? He's only mentioned in these brief articles that came out with the PR. I'm interested in knowing how he is benefiting CPOW, and knowing exactly what he's doing? If you have insite to his whereabouts / contributions I'm interested in hearing them. Is the Alabama deal still on the table? Or is Dr. Freemen now a director in CPOW but keeping the Alabama plant to himself, since he is still CEO????