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Hi, king rook, there might be new data to come up with something more accurate. I don't know.
But, whatever the estimate, it will be subject to many changing conditions in the years to come.
Generally, however, even if NG prices collapse I think it will temporary.
I agree with an earlier post (can't remember who posted it) that the present NG glut will be absorbed by other industries and that SHOULD soon absorb the oversupply.
Also generally, the cost and supply of biomass in FL & LA should remain relatively stable... unless those states concoct a way to tax it :)
Perhaps that's true, but I'm not aware of any actual funding from either state.
To my knowledge, other than favorable tax consequences, the two states have merely authorized BION to sell municipal bonds.
This makes the interest on the bonds tax free.
So, lenders wanting to loan money to BION to build plants can buy the municipal bonds and enjoy interest income... tax-free.
Good question Gatorlady, I think the new patent is for other industries.
Just guessing... and I might be wrong, but I think the new patented process would enable BION to build a urea plant in the oil fields.
They could use the NG that is now being flared off... instead of biomass.
If I'm wrong, I hope someone else here can better explain the significance of the new patent.
That sounds like wise advice swikey, thanks.
In a future story on BION, I'm hoping to include the history of the founders.
What they've created is incredible and this newest patent is their work.
I believe that it will generate significant extra revenue for BION when it's marketed to other industries now flaring off natural gas.
Thank you, traderwebb, for removing that post.
After I slept on it and prayed about it, I too thought it was too much.
I was responding to what I thought was a false accusation but, after prayer, realized that she was simply mistaken about who posted something she considered to be a lie.
She attributed it to me instead of the one who posted it.
I now see that as an honest mistake and not a personal attack.
And, I no longer think that she is among the short sellers who are attacking BION to drive down the price.
I would' want one of these plants in my neighborhood either.
You're a good moderator, thanks :)
My little 10 acres is about all I can. I only have the weekends to keep it up. I'm shopping for a small tractor. Are you a JD or IH fan?
We finally got some positive news...
http://tinyurl.com/puqpa85
I agree, Longgg, those are the next two obstacles.
Settlement of the Annon case will open the door to the funding of the engineering... then the bond sale.
The time factor concerns me too.
The present low rates won't last.
Like I said, I first evaluate whether the criticism is right or wrong.
But, it's important draw a distinction between opinions and conclusion.
Someone's opinion about what I write - negative or positive - is worthless.
When they conclude that I'm right or wrong, then I have useful input.
I recall a conference call where someone asked; "At what price-point for NG does BION lose its cost advantage?"
The answer was that as long as conventional plants were paying $2 or more for NG, Bion would enjoy a cost/price advantage.
I have no idea if that's accurate... then or now.
That's why I was guessing you to be a young girl in her early 20s.
Actually, I DEPEND upon folks to be blunt with what I write.
Not just here, but especially in my work.
I publish financial news. It has to be right!
When it happens to me, I simply evaluate the criticism as either right or wrong.
If I'm right, I just ignore it as a worthless opinion.
If I'm wrong, I'm thankful to be corrected.
The folks that tell me what I want to hear, aren't helping me.
The folks that tell me when I'm wrong are the ones that really care.
I hope this helps :)
That's more good info, Gatorlady, thanks again :)
Fair enough.
Just try to keep in mind that folks correcting you are not attacking you :)
Thanks, peafunke, did you notice the redirection technique?
She's attempting to redirect attention off of her attacks and onto the responses she earned.
Notice too that those "names" are simply adjectives used to describe her posted conclusions.
No one called her names.
I've gotten quite a few PMs complimenting how I tried to politely help her.
I've decided to just humor her.
Some can't be reasoned with.
Now that's useful info, Gatorlady, thanks :)
That's an informative video, AirCorps. It provides a good example.
I suppose that's fair, Gatorlady, if you're serious about ending this silly conflict.
One of us is right. One of us is wrong.
I'm sure that most folks here are bored with this meaningless banter.
You may proceed with tearing down the good folks that work for BION.
As before, Gatorlady, I apologize for anything I said that makes you feel unwelcome here.
I was only trying to help you.
I promise to not help you again.
But, once more, I must insist that you cease with the personal attacks against me.
Hi, traderwebb.
I will defer to your good judgment.
I have recently read numerous posts here challenging the honesty of the management team at BION as well as the honesty of the public officials who are supportive of BION building plants in their communities .
I am presuming that these are by "short sellers" who benefit from a falling share price of BION.
If I'm wrong, please correct me.
Hi, king rook. Welcome to the conversation :)
The technology is the key to producing the product.
The business model is still evolving.
But, basically, the company can produce urea (fertilizer) from wood waste... as opposed to purchasing natural gas, as do the conventional fertilizer manufacturing plants.
Don't be discouraged by the attackers.
There are folks here that will benefit from the failure of the company.
Most of us want to see BION succeed.
I must insist, Gatorlady, that you cease the personal attacks against me.
Perhaps I was too blunt when trying to help you understand what's going on.
I already apologized for anything I said that might have made you feel unwelcome here.
There's no need for you to continue attacking me personally.
Here's a new blog posting about investing in new companies.
BION is specifically mentioned.
If you are annoyed by the attackers and want a positive perspective, take a look at this:
http://tinyurl.com/om7p3yf
Thanks, difumetti, I too appreciate a healthy debate.
All in all, I think the folks at Ihub do a pretty good job of keeping things from getting too ugly.
All information about BION is good information, if it can be verified.
.
It's a shame, however, that there are those who are out to deliberately harm BION... (disgruntled former employees and those who are shorting the stock)
Then there are those who are sincere, but uninformed, and justify wild conspiracy theories by pointing to benign facts.
Those I try to help, but facts and reason can't be absorbed by some.
In my early days, I too was an example of the old Southern saying; "Common sense ain't so common."
So, I'm sympathetic with the the uninformed.
.
As for paying the bills, I suspect that legal fees are soaking up BION's cash.
And, the absence of press releases is probably on the advice of counsel.
They've got a big mess to clean up from the actions/inactions by the former President.
It appears that they will be going after him in both civil and criminal court.
I don't favor that. I think he just made some foolish choices... like the rest of us sometimes do.
.
The present board and Mr. Contreras now have something to prove.
I think they are going to get the house in order, get the financing, and have a groundbreaking ceremony soon thereafter.
Eventually, all the bills will be paid.
.
I'm thinking about starting a new Ihub message board for Workhorse... UPS is presently giving their trucks a trial and I think they are still among the qualified bidders to replace the electric vehicle fleet for the US Postal Service... http://workhorse.com ... wutchathhink?
If you are correct, Mr. Fussman, you are doing us a favor.
You must realize, however, that there is doubt among us as to whether or not you are the real Ronald Fussman or someone impersonating Ronald Fussman.
We have researched you and your background.
Ronald Fussman is a very successful man who can afford a flock of lawyers to speak for him and pursue his interests. So... Why would Mr. Fussman be posting on this message board?
If it's really you... thank you for helping us.
But, how do we verify that roni911 is, in fact, Ronald Fussman?
As I see it, yes, capital for construction, overhead, and outstanding debts is the last obstacle.
When BION gets financing for the first plant, all of the present problems will quickly get smaller in the rear view mirror.
That was my first concern, difumetti, when he became President.
After his career at Occidental Petroleum, I too presumed that he would be kicking back and enjoying life.
But, he proved to be "on a mission" and accelerated BION from just "an idea" into a company with a plan.
All things considered, Mr. Contreras has really advanced the company.
The present problems are par for the course for a startup like this... with no capital.
What do you think about Workhorse? (WKHS)
Hi, difumetti, that was a broad indictment that included many who served in the last Capitist administration before the Communist took over Bolivia.
Mr. Contreras served in that administration.
Basically, all the Capitalists are now crminals.
There's a few more details in the 2nd comment at the end of this story:
http://tinyurl.com/p9fgo9v
Welcome back, roni911, that's useful information that deserves our attention.
A management change would be a big event, but possibly another set back.
I know of no one here that is following Carlos blindly, but most of us support him because of his experience with big projects like this.
Also, I understand that he is why Saipem wants the job... because they built offshore oil platforms for him in Malaysia.
Who do you think could do a better job than Carlos?
Thanks Pwr4ward :)
That was polite, Gatorlady, I welcome your opinion and views whether they are positive or negative.
I don't remember calling you names, nor can I agree that you have been "walked on," however,
I sincerely apologize for anything I said that made you feel that way.
If you have factual bad news about BION we do indeed need to know that too.
Welcome back, Traderwebb :)
Calm down, Gatorlady, take a deep breath and think.
You appeared here and began tearing down BION with silly and irrational conclusions.
Everyone was polite and I, presuming you to be a young girl in her 20s, tried to help you understand.
.
After telling us yesterday that you're in your 50s, I thought it best to apologize and stop trying to help you think rationally.
First you were angry with BION. Now you're angry with me.
I wish you well and hope you soon get over your anger issues.
.
But, in closing this "off-topic" conversation, I do commend you for a very rational statement in your last post.
I am, indeed, only here because of my investment and bank account.
I might be wrong about this, but I think that you're the only one that's here for other reasons.
Now, let's get back to "on-topic" subject matter.
I apologize, Gatorlady, maybe I'm wrong about your age and maturity.
But, you have to admit that my intent has been to help you think rationally.
I'm willing to be wrong.
As I said before... you have no enemies here :)
Don't be ridiculous, dfumetti.
No one has been "bullied" here.
But, folks posting silly conclusions that are detrimental to BION can count on being corrected here.
That's a normal process.
No, I'm a little too old to play games... don't make bets... and don't "play penny stocks."
I do hope you're right, however, that BION's price falls a little more next week while I'm buying more.
Dang, Swikey.
And, I thought taking care of my little farm in the country was a chore.
That's a BIG business you have there.
That looks like a good option for BION, Aircorps.
I had not heard about the change in regulations or Elio Motors.
That's a sharp looking little car!
At $6800, I'm sure they will sell many.
I too hope the folks at BION look into "Regulation A+" but like the article pointed out, it's expensive to go that route.
Maybe after the first plant is producing revenue they will have the cash to pursue it and tap into the non-registered investor market. It looks big.
I'm impressed, difumetti, that you "have not been wrong yet."
Not many folks can make that claim.
I'm still trying to help you, Gatorlady, but claiming that you have been a victim here is a bit silly. That's another example of your age/maturity.
You are quite welcome, young lady :)
It's obvious that you are a lovely young lady.
It's not my intent to bother you.
None of us really KNOW anything.
Stock trading is a process of "educated guessing."
I am sincerely trying to help you.