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.
I will be delivering the biggest order ever to a retail feed store in Robertsdale Alabama. Part of the plan is to place bagged GEC Organics Compost is retail stores across Alabama and the Florida panhandle. This feed store has already referred us to one of their customers and we are preparing a bulk delivery to his Organic Kale farm,
More later.
Grumps
I am leaving for Castleberry in the morning. Driving my Ford F150. We will be delivering compost and meeting new potential customers. I will keep you posted.
GVO, Green Vet Organics is a Disabled Veteran owned company. They will be working to increase the sale of GEC Organics compost.
I am happy to announce that Green Vet Organics has sold and delivered our first two tons of compost. There are several additional sales in the works. I will announce them as soon as they are finalized. Go GECO !!!!!
Majo, you are wasting your time on this. The only project of interest to GLEC at this time is Compost/Carbon Credits. All energy and resources are being directed toward this one project. Water carts and all other endeavors are in the distant future, if ever.
I'm back and happy to report, "THERE IS A CASTLEBERRY"
More to follow later but I will answer captdad's question now.
There are employees and they are being paid by GECO.
I will add that if we could bring their dedication and passion for what GECO/GLEC is trying to do we would all be very happy campers.
Money was used for machinery and raw materials.
I never read the other stuff that close so I have NO idea if they used the wrong word.
They do, but the line of credit did NOT come from pre-selling CC's or anything to do with CC's.
You are absolutely 100% correct: "Keep the Faith"
We will all be very happy with the coming attractions.
Very good reading Majo.
Some interesting things I read:
GECO completed the form to be approved by CAR on January 22, 2015.
The estimated processing capability at Castleberry according to CAR is 100 metric tons per day.
Castleberry has excess capacity for additional composting.
(I don't understand how those two statements can exist together)
The C/N Ratio is 25:1. Can someone tell me if that means 25 parts green matter (wood chips) to 1 part food waste?
It takes 30 to 45 days to compost the raw materials, depending on weather, temperature, rain etc.
And most important:
The projected start date for this agreement is May 1, 2015.
I would say this is all very good news.
Thanks for digging this up Majo.
Grumps Musings and predictions;
Musings:
I believe the most frustrating thing about my association with this stock is the lack of information. It seems like when we think we are almost to the promised land we get dealt another bad card. Unfortunately we are still there even after all these years.
When we started on this exodus in the pursuit of Carbon Credit sales I don’t think anyone would have thought it would take over two years just to get approved by The Gold Standard. (TGS) Then when we did get that approval, I for one, thought we were off to the races. Again, nothing. So where are we now and why are we still waiting?
Still too many un-knowns. We are approved by TGS. The next step was to have an independent appraiser/inspector visit the site in Castleberry to prove that we have the raw materials on site. Now that the inspector has been there we are still in the dark. We don’t know, How long it will take the inspector to complete his report; How long it will take the inspector to submit his report; How long it will take TGS to review the report; How long it will take TGS to issue the Carbon Credits (CC’s); How long it will take to sell the CC’s.
Is there something good in all this un-known? Yes there is. We have never been through this exercise before. Once we have traveled all the way to the end of the road (sold CC’s) we will know how long it takes to complete all the steps. Now we can do some planning.
Predictions:
I like numbers so let’s do a quick analysis.
Cycle One:
If we had 1,000 tons of raw materials on site in Castleberry when the inspector got there what would that mean. If we had purchased those 1,000 tons of raw materials for $25 dollars a ton we would have spent $25,000.
1,000 tons would produce 20,000 CC’s.
20,000 CC’s at $5 each would be $100,000
Cycle Two:
We take $70,000 of that and buy more raw materials
At $25 per ton that would be 2,800 tons
2,800 tons would produce 56,000 CC’s
56,000 CC’s at $5 each would be $280,000
Cycle Three:
We take $200,000 of that and buy more raw materials
At $25 per ton that would be 8,000 tons
8,000 tons would produce 160,000 CC’s
160,000 CC’s at $5 each would be $800,000
Keep in mind that we are continually selling the compost for a little above cost of production. That would cover all of our expenses required to produce the compost.
When you consider that we should be able to go through a cycle such as the three described above every six weeks or less you can see that over the next 3 months we could go from a company with NO income, or virtually no income in the past several years to a company that could conceivably generate over a million dollars in the next 3 months and well over $5,000,000 before the end of this year, potentially even more. And this scenario does not even take into consideration the Department of Corrections project.
That is why I remain a happy camper.
Welcome back. You arrived just in time. Great things happening soon.
I hope you didn't bleed too much. Do you need stitches? I have a cousin that is a doctor. Well he is a second cousin, three times removed. He needs the work because he just got out of prison. Been in there for 12 years for mal-practice. I think he dropped a stitch or maybe it was a patient or something important. I'm really not sure. But I will be happy to call him if his phone isn't being tapped. He is not licensed any more, is that a problem?
You said, "There is only one person that truly knows what is going to happen, Peter."
There are people other than Peter that know what is going on, just not you.
All you need to know for now is, Carbon Credits are real. It won't be long and you will see results. The next thing to happen after the first sale of Carbon Credits is to do it again, and again, and again, bigger, bigger and bigger.
Since I am here, I am contemplating a trip to Castleberry to gather information. I would like answers to questions such as:
How many acres are available,
How many acres are being utilized currently,
How many months of the year can we reliably compost,
Is there any difficulty in accessing sufficient raw materials,
How many tons can be composted per month,
Do you anticipate any problems selling the compost?
I would like all of you to submit your questions here. I will make a list to take with me.
It may be a few weeks yet but I am going.
I agree with Maddog with this one caveat. I would start utilizing a PR firm, or better yet, write our own PR's much sooner. As soon as the train starts moving due to revenue coming in I would begin.
Yes we can, and soon. What we need is revenue along with projections of additional revenue to follow.
IT IS coming.
I am ready to go at any time. I think some one of us needs to go to Castleberry to see the progress and then report back to all our friends here on Ihub. My business trip to Kentucky for next week has been postponed so call me. I'm ready.
I have no answer for that question. I agree with Maddog that the inspection has been scheduled. Once that is done some paperwork has to be processed by the inspector and by Gold Standard before Carbon Credits can be issued. Since I have never been through that part of the process I have nothing to offer you. I will be waiting along with the rest of you. All indication is that there are many buyers out there so the actual sale should happen quickly after the issuance.
There are several of us that have been waiting on GLEC for over 8 years. Everything I know indicates that the waiting is almost over. Go GLEC.
Whoops, I forgot to put in:
Sell the Compost right after Sell the Carbon Credits.
How does this process work?
Order Raw materials,
Receive Raw materials,
Compost Raw materials,
Bring in inspector to certify composting complete,
Gold Standard issues Carbon Credits,
Sell Carbon Credits.
Order Raw materials,
Repeat often and bigger each time.
I have seen the light at the end of the tunnel.
I have also gotten close enough to determine that it is not a f_______ train.
It should arrive at the depot soon.
Expect periodic updates of progress.
Keep the faith.
Very well written NML. The only part I feel you are incorrect about is the time frame. I will make a prediction: We are weeks, months at the worst, away from the successful scenario you describe. The stage is set. The play is about to begin.
Well, don't expect any increase in the share price until there is a sale with money in the bank. When that happens any following announcements, hopefully many, indicating purchase of additional raw material, completion of the DOC deal, maybe the acquisition of additional acreage to increase production capabilities should be the jet fuel our rocket needs.
I don't know about buying more shares, I have enough. If I was in the mood for more I think the recent Letter to Stockholders has sufficient information to convince me it would be a good idea. Just reading the letter and considering the numbers included tells us a few things:
"This first of our four Projects can generate up to 15,000 tons for year one which will yield approximately 300,000 Carbon Credits."
"Some CAR Exchange CC ’ s have sold for as much as $11 per CC."
If my math is correct that "Project" would yield around $3,300,000.
Now before some of you guys, and you know who you are, try to poke holes in my analysis I am keeping this down to simple math. We can discuss all the variables later.
"The Company is also nearing the end of a lengthy negotiation with the Alabama Department of Corrections (DOC) regarding the disposal of nearly 30,000 tons of food waste material that has been allowed to accumulate over the past few years."
"The remediation (composting) of a solid ton of waste is worth a multiple of 20 in Carbon Credits."
I know they have to mix the food waste with tree bark or trimmings and other stuff I just don't know at what ratio. If we just assume that 30,000 tons of food waste gets mixed with 30,000 tons of other stuff, that makes 60,000 tons of compost. If you get 20 Carbon Credits for each ton of compost that would be 1,200,000 Carbon Credits. If you apply the same $11 per Carbon Credit indicated in the letter that would be, let me see, about $13,200,000.
"The volume of compost projected for both carbon offset projects has required the Company to acquire a very large commercial compost sifting machine capable of processing thousands of tons of material on a monthly basis."
"The CAR exchange only accepts the use food waste as its base waste ingredient for registration of its compost projects. This has prompted to Company to prepare additional acreage at its Castleberry site, which in nearly completed, to enable the processing of food waste."
So, now we have more acreage and bigger machines to process more waste. If my memory serves me well I seem to remember that the Gold Standard, last year sometime, approved the original acreage for 750,000 Carbon Credits per year for 10 years. 750,000 Credits times $11 per credit, as indicated above, could provide $8,250,000.
Let's be pessimistic and only allow us to estimate one half of the dollar amounts mentioned above. Still a nice chunk of change for one year of production.
Considering that we can sell the compost for cost or better, we get to keep all the money from selling Carbon Credits as 100% profit. I like 100% profit.
Keep growing the program with more land, more equipment and more waste producing more compost generating more Carbon Credits and I might just retire soon. Well, at least I can dream.
Mine already knows. She did threaten to kill me if I bought any more. LOL
Thanks for responding to my survey.
A very good question considering what might unfold in the near future. If you want, I will start survey:
I have 15,000,000 shares, right at 3%
I have been buying for more than 7 years.
My cost per share is very low.
Assuming all the previous posts to be accurate, it would seem to me a good idea to sell only a sufficient amount of discounted CC's to generate enough money to purchase the additional equipment and raw materials needed to really ramp up soil production on the remaining available land or additional parcels of land. Then you could sell CC's at full price. By the way, does GECO get credit for any of the soil production over the past months/years?
On July 1, 2014, the Company’s subsidiary GEC Organics Corp. (“GECO”) was approved for listing and registered for its Greenhouse Gas emission reduction program with the Gold Standard Foundation, Geneva Switzerland. GECO is a large scale compost project and the only one of its kind on the Gold Standard. Independent Validation of the Company’s protocols has been completed and documentation related to our listing on the Gold Standard Foundation is available for worldwide comment and review. The Gold Standard is a highly respected registry and exchange market in the Voluntary Carbon Market and prices for Carbon Credits issued by them are traded above others in the same market. GECO has received approval for a 10 year crediting period with total Credits amounting to 7,500,000. To view the Company’s listing and corresponding documentation, please visit the link below:
http://mer.markit.com/br-reg/public/project.jsp?project_id=103000000006015
Documents have been added to the Gold Standard posting of projects. I hope that is all that is required. If you take the time to investigate those documents you will understand why it took so long to prepare. Hats off to Pete and all who helped GEC get this far.
If you go to the Gold Standard as I described in an earlier email you will see that they indicate there will be over 740,000 carbon credits annually. I have no idea how they arrived at that number but I like the thought of over 7,400,000 during a 10 year contract which is also indicated. I like the math.
Go to www.goldstandard.org
Put your cursor on "About Us"
Select "Project Registry"
Go down to "Gold Standard Registry Public View"
Click on it
Select "Registered Projects", click on it.
The screen automatically selects "Account Holders", you need to select the next column "Projects" click on "Projects"
Go to the Search box and type in GEC Organics.
There you will find the listing.
GEC Organics is now listed as a registered Project on the Gold Standard.
You can purchase an insurance policy through Zurich to cover the event that the Carbon Credits are determined to be of no value.
Here Here
Sorry for the delayed response, but I've been gone all day.
Good..................
I am sorry to inform you, old incorrect one, that in the Insurance industry, where I have decades of experience, those two terms are interchangeable. Both indicate the total amount of dollars brought into the agency.
But as our ex-secretary of state recently said, "What, at this point, does it matter?"
My statements concerning the potential of GLEC share price to move up not only on "Earnings" or "Revenue", (take you pick) but also excitement created by positive announcements of future success are correct.
You continue to amuse me. You must be living in a world that the rest of us know nothing about. I hope you are happy and content where you mind is. Where ever that may be.
I am using "Earnings and Revenue" as the same. Even you with your limited intellect you should understand that.
Even considering our differences of opinion you are not allowing for any degree of speculation driving the Price pre Share.
The market is NOT exact.
It is past your bedtime, I suggest you take a nap and wake to reality tomorrow.
I await your nonsensical response with baited breath.
Not really
Just trying to ease you into a pleasant sleep.
Good night.
You can do the math all you want and I will probably agree with you. From a specific earnings to price to share you are probably correct.
However, most stocks on the exchanges have a Price to Earning ratio of an average of 15 or close to that. If the "Earnings" as you state it results in a share price of .05, then the actual price per share could be close to .75. I may be a dreamer but let's not forget what the possibility is. NO stock trades on the
"Actual" Earnings to share price.
We have to make an allowance for the speculation or energy of the stock. With multiple announcements of additional Carbon Credit opportunities we should see a large increase in the share price. Where it will go I have NO idea.
With a contract that puts money in the bank along with future earnings contractually obligated will propel the stock to heights far beyond just the "Earnings" to "Share" price. Accounts Receivable are precious to a company like GLEC. I prefer to put my faith in Peter and believe that there is greatness in our future. I refuse to be a negative Nellie. Go GLEC. And thank you Peter.