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where was 30 gallons/day advertised avarita? i don't remember seeing that?
As for the retail cost of an acre. That was fleshed out either in an interview with Dennis, or by some board DD last year. I don't have a premium account, so I can't go back to check it out.
I asked Lowell Brittain specifically about this in January. I used to speak with him weekly. He confirmed the numbers, but said it's not 100% black and white due to different applications.
Gummy - I think the point of the first paragraph was to say:
1. "The project is progressing as planned" and
2. "the capital for the first system has been received."
The gravel is an indication of progress (as is the ordering/receipt of the parts).
In addition, the grade is an important part of the process. I don't know if he needs to be there or not, but nobody on earth knows more about his system than he does. He built it. I'd want him there for the entire build.
Does it matter if the architect is on-site during the build?
YES.
Odd then that someone would invest all that money to pay for ten acres, huh?
They must be idiots.
Retail for our system is $200k per acre. Can't believe those folks would drop $2 million for ten acres if we don't know how to grow algae.
er, wait.... maybe we do??
And with that statement, you've just told everyone here that none of what you post can be taken at face value.
Thanks for clarifying what we've known for some time.
Right on. This one is for all those who mercilessly pounded on Dennis for releasing a PR last October about sending a desktop PBR model to SFCC.
Was is a "great" or "huge" PR? No.
But it did tell us what the company was up to, and I for one appreciate the updates. Now, on the brink of our first commercial PBR the dots are beginning to be connected.
- Students-in-training are about to become employees
- VARs are bringing in clients
- The United Nations are interested in Solutions 28
Dennis Fisher's vision is becoming a reality.
I can answer the last question es...
Why are you here?
Well articulated once again.
Facts are, we have client money on the books now. And two 6 month goals already checked off.
Going to be a good year.
Thanks BB.
That's part of the beauty of their business plan. Just one part, but beautiful nonetheless.
For as much as people have hacked away at Dennis' reputation on this board, his vision for the future of BEHL is intact and becoming more of a reality every day.
It's HIS vision that will allow us to produce economically viable algae while many major competitors are still stuck in the lab.
Would someone be willing to post the L2?
That color suits us :)
Nonsense, you won't have to push it.
That's why you pay the butler
Let's not forget that one of the goals for 2012 is to position ourselves as a "premiere acquisition target."
We're not sticking around for the long haul, we're building a viable business from superior:
- engineering
- technology
- business model, and
- intellectual property
...and then we're going to sell it.
We don't need to wait for science to catch up, we need to:
1) remain the cheapest system for producing algae
2) put as many working acres down as possible
3) let Dr. Goodall get us more patents that further increase our hold on the industry
If we do all those things, our potential buyers include companies from these industries:
- Fuel
- Energy
- Food / Beverage Companies
- Algae Production
- Nutraceutical
- etc, etc, etc...
When the rumors start flying on who's interested in buying, I'll quietly make my way to the door...
I think the story could go either way really. Omega 3 or biofuel.
If you're talking biofuel, no one is close yet. Sapphire is nearly a decade away from producing commercial scale by their own estimates. How many hundreds of acres will we have by then? Or will we have sold to a large company?
Omega 3? We're the first photosynthetic commercial algae producer.
Either way, our story is one of a leader in a potentially monstrous industry - currently in its infancy.
Yes. I think the company has a plan there, but think they'd rather concentrate all efforts on PBR farm sales at this very moment.
Don't think they're too far off in trying to spread the word though. Just not "priority one" right now.
We as investors could certainly help try to spread the word though. Anyone know a journalist who covers this industry?
- Food industry?
- Fuel industry?
- Nuetracuetical industry?
Bet there's plenty of journalists who'd be open to writing about Omega 3 algae and biofuel, since in one fell swoop the BP oil disaster has made a case against offshore drilling and contaminated a vast amount of species that previously could yield Omega 3 fish oils.
In fact, the timing couldn't be better.
Not all over the place. They're looking to cut more costs. They never said once that the system as it is doesn't work.
Outside of the pig-catcher, what changes have they announced?
They could be using a different - less costly - material for making these parts, but need to test them before introducing them to the commercial system.
Companies across all industries who have a tangible product do this EVERY day.
Revenues are in in the bank.
See previous PR. We've deposited two installments for the first client.
"The company's first client to purchase the BioCentric commercial "Algae Pro" closed-loop Photobioreactor has funded the second installment to BioCentric."
We've already generated revenues from selling our system.
Try the facts next time.
Worth pointing out, too, that we've moved on to accomplishing a couple big items already in the "6 month goals" list.
I have a feeling that hiring Dr. Goodall made a couple of the small items on the list relatively useless, so they're moving on to the money makers as long as they're able to sell them already.
Whatever brings in the most money - seems like that's where the focus is now.
Alright - if that was put out by the company, then you're right. I'm wrong.
So, whether it was intended that way from the start, or the middle, or just now at the end - inoculation appears to be the intended use (see bdubble's sticky post).
And I stand by mine.
I said:
When the 1/8 acre "backyard" PBR was built, there's no way that they intended to produce for the $6 Million order.
Ground preparations have been completed for the next generation of 6000 sq ft of the BioCentric Algae Pro-Photobioreactor onsite.
Agree - I don't think there's much of a point to #7.
#1 on the PR warms the soul though.
The rest of the items were good updates. So was the info that bdubble got from Dennis regarding checks cashed and the oil content of the strain we're producing.
Thanks bdubble. Great DD.
Yes, things change - and they have.
However, you're referring to a one-acre sized PBR that was supposed to be present at each facility. Remember the complaints on the message board when it was announced that the Santa Ana PBR was 1/8 acre? People were up in arms because there wasn't enough room on the property to lay down an acre, and suggested the roof as a possible location for the PBR.
When the 1/8 acre "backyard" PBR was built, there's no way that they intended to produce for the $6 Million order.
SAN JUAN CAPISTRANO, CA and GEORGETOWN, SC--(Marketwire - November 3, 2009) - BioCentric Energy Holdings, Inc. and Renewed World Energies (PINKSHEETS: BEHL) today confirmed the companies are in receipt of combined purchase orders for both ALGAE Bio Mass and ALGAE Oil products totaling in excess of Six Million Dollars.
The newly combined companies today made the announcement confirming the first one-acre-sized combined closed loop photobioreactor systems which will be based at the Georgetown, SC facility to accommodate and start the purchase order production.
Precisely. The company never intended to use the backyard PBR for production - it was an claim made by people on this board who have a different agenda than mine (and seemingly yours), which gives them ammo every time the camera come up and there's no algae in the tubes.
The say, "How are we going to produce the $6M order with no algae in the demo unit?"
Easy. Because we're building a unit 40 times larger than that by early summer.
And we're close to inking a 10 acre deal for Q3 implementation. So, by the end of Q3, we could have units producing 120 times more per day than we could ever produce in the backyard PBR.
We've known for a year what we can produce in those tubes. Production hasn't been an issue since SJC. It's the remote monitoring, the harvesting, the extraction that we've been working on in the months since. So, I don't need to see green in the backyard if they're using the demo unit to put green in our wallets.
Last, I didn't dig up any info on the improved extraction process, so not sure about status on that.
They're not using this one to produce for the $6M order. The main use will be to inoculate the multi-acre PBRs.
Welcome Back
No, they haven't started to grow algae yet. The strain has been grown and is currently in the wall unit, waiting to inoculate the PBR.
From what I understand based on my own DD, we won't see an inoculated PBR when the camera comes back on, but it will not be long after that we do. Currently it's being used for testing/training internally, and demonstration purposes to clients.
And given the fact that they're laying out a PBR 40 times as large as the backyard PBR by early summer, I'm good with them using it for whatever brings the clients in.
Just a little refresher for those new to the board on what's going on with our soon-to-be Omega 3 producing algae company.
The 5 acre project...
BioCentric Energy Holdings, Inc. (Pinksheets:BEHL - News) is pleased to announce that deposits were received and contracts were finalized last week for the first phase of deployment of the Company's PBR (commercial closed-loop photobioreactor)systems. The meeting with the site surveyors and grading engineers on the Southern California property took place last Wednesday and the Company is actively moving forward with the land preparation. Furthermore, the proprietary PLCs and necessary equipment to control the PBRs have been ordered and the assembly will commence as early as next week.
SANTA ANA, CA--(Marketwire - 05/13/10) - Biocentric Energy is in advanced stage discussions with a California-based renewable energy company for the rapid deployment of its 10-acre commercial PBR systems. The anticipated deployment date of these commercial systems is 3rd quarter 2010. Following the successful implementation of the initial 10 acres, the renewable energy company and BioCentric Energy expect to add additional PBR units on the same site and throughout California.
Tika - check his history... he's all about the scare tactics.
I agree with you, we can either choose to believe what the company is saying, or not. But I think the hires they made buy them time to produce.
Brian Goodall has been on the job for 34 days now. You better believe his reputation has legitimized the operation in the eyes of the clients/prospects. And that is ALL that matters. Not the share price. I want it to go up as bad as anyone, but the only way to do that is to bring in revenues. He's got deposits already - revenues are right around the corner.
Right on. We hired Jose Sanchez specifically for the permitting, site selection, and land prep. Harvard grad in fact.
Pretty sure he's got this one figured out, you know... since it's his job.
Just a thought here, but wouldn't the permit already be in place from the company who is emitting the co2? We're not creating the co2, someone else is. We're just using it. There's a difference.
I can see why you say that, but I think what keeps people holding is the fact that we're right on the cusp of revenues. Once that happens, we'll be one of a VERY few revenue producing algae companies on the planet.
It's a good place to be when the spotlight on algae shines brighter every day.
The market cap has settled in between the $6M and $8M range it was in before the new shares, I don't think it will go down to the $3M range with as much going as they have going on.
Seems ridiculous to me, but to each their own opinion.
es1 - love it! lol!
SPOT ON.
I agree woof. I think we will see a different crowd around .10 - assuming we don't get there as fast as we did last summer.
Either way, no matter how much volatility we see, we'll be getting more and more residual income each time we lay down another acre. That in itself should keep future pps bottoms ticking upward at a nice rate.
Very well stated.
Contracts in hand.
...this is another determining factor to a financial institution lending money.
10 acres costs a client $2 Million dollars. And since we're at the beginning stages of building a 10 acre farm right now, I'd say we're in pretty good shape for a loan with that kind of money.
Then there's $6 Million in Omega 3 orders.
Then there's $750,000 for the 3 signed VAR contracts.
I think they're concerned with carrying out revenue producing activities. Again, this isn't a typical pinky - they're doing what is necessary to build a successful business. They'll be promoting the business, not the stock (not sure if you meant this or not, but worth mentioning).
The PPS is a reflection of shareholder sentiment. Sentiment is negative these days for various reasons, but something as simple as announcing the name of the renewable energy company in the recent PR would go a long way towards making investors feel good about where their money is right now.
No doubt.
One look Dr. Goodall's credentials should tell you he's not interested in sabotaging his own reputation in 45 days.
Pretty sure the guy who's in the inventor's hall of fame, and literally made the three most famous tanks of algae gas (Algeus car, Virgin Atlantic, Continental), could find quite a high paying job anywhere he wanted to.
Why did he choose BioCentric? To pump and dump? To build a profitable company?
Great! Either way the price will be going up then