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There is a lot more to the story. A little DD would tell you that Fisher was NOT involved in any way with PSC. In fact, he was quite upset with their P&D tactics. In my notes, I see that it appears as if DF felt that he had been ripped off as well. You may also recall that PSC was given BEHL shares by a "third party" who (my surmising here) was a part of the rip off of Fisher and BEHL.
It has been endlessly discussed here for several days. Even a superficial read of the original SEC complaint shows that BEHL was given as an example, along with several other companies, of what PSC was doing. There is NO indication that they are a part of the litigation against PSC.
Interesting reading the SEC case against Dan Ryan and PSC. Unless I am missing something, I don't see anywhere that BEHL is a co-defendant. BEHL, and the other companies mentioned, are given as examples of the type of pump and dump activities typical of PSC.
I recall that PSC did NOT receive BEHL shares directly from BEHL. I also recall that the owner (Ryan?) of the Automax shell created (and kept) a number of extra shares before turning over the shell to BEHL. Did the PSC shares of BEHL come from those shares? If my recollections are accurate and DF has documentation, then BEHL will be just fine.
Unfortunately, the bashers will have a fun time trying to create chaos from the alleged connections.
I agree! How many unsubstantiated half (or less) truths can one pack into one message.
I would agree to opinion posting labeled as such. Trying to pass off opinions as fact seems to me to show an intent to manipulate or deceive.
Based on his resume and our experience with BEHL, he will probably do an outstanding job as CTO, just not CEO. Also note the PR does not talk about his stint at BEHL.
Thanks for labeling that as an opinion. You probably will have a hard sell convincing anyone it is correct in this forum.
I believe you are right Sockit2Me. Last summer I recall that he said two years before he would be ready to sell.
I just had another thought--Was the recent increase in authorized shares designed to make it harder for a takeover to happen before DF is ready? If more shares are restricted or not issued than are on the market, then it becomes harder for an outsider to buy up a majority of shares.
I don't know if the rising tide of algae fuels well float all ships (including BEHL) or only those with inside connections. A functional PBR may well, at least, make BEHL an attractive take over target.
Will make this ride interesting.
I DO know those dark green (almost black) tubes look might beautiful to me!
The only thing that concerns me at the moment is getting a report on the harvest from the demo PBR. BEHL is making progress, I'm sure you can see that looking at the algae growth on the webcam. You do look at the webcam, don't you?
Why Goodall left is pure speculation. I frankly don't know, don't ever expect to know, and don't care. The only thing that would catch my attention would be if Goodall came forward with significant, incontrovertible, externally verifiable documentation that showed BEHL is a scam.
Speculate all you wish, but I don't think attempts to introducing doubt will make much difference here any more. The BEHL tree has been shaken long and hard for months. The weak hands are gone. I am among those buying more every time it fits into the speculative part of my investment plan.
I happen to think the ONLY thing that matters with BEHL right now is going from where we are to getting the harvest from the DVJ site in a few weeks. When that occurs, I can begin to make retirement plans based on my holdings of several million shares. If they can't make it work, then I am out few enough dollars that I won't go hungry.
The endless speculation of both the perma-bashers AND the perma-bulls is a waste of time, both mine and theirs. Get out and do some real DD instead of speculation or selective mining of old news. Make your posts useful.
Parsing the English words used in the news release looks to me like the resignation was tendered before the end of the 90 days to be effective June 21. BTW, you also are assuming that he began working at BEHL ON March 16. The news release you quote doesn't say that. Not bothering to look at other news releases, I recall something about April 2 as the date Goodall began working at BEHL. Perhaps you might wish to search for that news release. Hard to see anything fishy in the stuff you quote.
Thanks. This file looks like it was the proposal promised last Fall (2009) and not posted on the web site. Reading it reminds one how far BEHL has come since then. Things are very different now from what it was 8-10 months ago.
I am certainly interested in the PDF. Can you provide a link for the DL?
What is embarrassing? You are looking at a development PBR. The tubing is known to be defective and prone to leaks. BEHL decided to continue learning about the system despite the possibility of the tubes leaking. That seems to me to be a better decision than sitting on their hands waiting for the new tubing to be delivered!
gofertrder wrote
If I were to post the LOI signed by BEHL & Wintec that would be a serious breech of confidentiality and subject me to a lawsuit...which I am not willing to engage in at this time.
Thanks for that post. You said it more kindly than I was thinking. It is hard not to respond to the blatant idiocy of the bashers. They invent "facts", take words out of context, and try to keep the memories fresh of old events. I find myself wanting to try to set the record straight. I do realize that accuracy doesn't matter. If I (we) stopped responding, perhaps they would have less to say--it is more difficult to keep up an argument with yourself.
I have an idea.
Those here who think they know better than DF how to run BEHL should immediately submit their resume to become the new CEO. When hired, they can set some ground rules for the relationship with DF and how they do their job. Shareholders can then see the PPS of BEHL soaring with one of our own experts in charge.
Fish is no Gates or Edison. I guarantee that.
Yes, I do know about their quarterly and the cash burn rate. And yes, assuming no income or other changes, they are low on cash.
Your statement that they don't have money for day-to-day operations is based on that assumption. From the certainty of your statement, I thought you might have firmer information. However, I didn't assume; I asked. Obviously you don't.
Do you KNOW there is no cash for day-to-day operations at BEHL? If so, what is your source for that information? I want to see it for myself. If you have no available source, then why do you post that statement?
It's off.
If you read the note of the Biocam page of the BEHL website, they reserve the option to turn it off when potential (or actual) clients visit, when doing proprietary actions on the PBR, or whenever they otherwise wish to do so. It doesn't mean anything except they want the webcam off.
Like other plants, algae uses the CO2 to grow. It releases O2 as a byproduct of its metabolism. The CO2 is released again when (if) the algae is burned.
It is called development. When developing a new product it often takes time and multiple attempts to get the product working well. It appears as though you are unwilling to give them a chance to continue working to make it right.
I'd hate to see your comments about Edison while he was developing the light bulb. He spent a lot of time and money in testing hundreds of materials for the filament of an electric lamp. Finally, the right material was found. His light bulb has been little changed in the 130 years since those experiments in the 1870s.
But I suspect you might have been in the lead telling everyone in sight that Edison was a liar and a crook because he didn't get it right the first time.
The negative nellies are out today again. I presume they are working for a repeat of last week's price drop. I don't think they will have the same effect now. The shareholders understand more of the value of the company. Those negative posters often can't get their alleged facts correct.
Their presence tells me that they also believe in a strong future of BEHL. I can't see any other reason for them posting here.
There are so many species of algae that, while I see omega3 oils as a long stretch, I am unwilling to say it can't be done. If BEHL has discovered, or engineered, a species of algae that will grow omega3 and do it in DVJ, we are again ahead of the pack.
Based on that article, it seems like gofer has admitted (even bragged about) his insider trading. Perhaps it is time to pass along his posts to the SEC.
LOL ... your humor cracks me up!
Thanks!
Congrats on the purchase. I also think we spent yesterday in an "induced panic" mode. BEHL is a startup company. A well-run startup needs a source of capital AND the ability to modify direction quickly to continue developing its product OR adapt to market conditions.
The company is much MUCH less likely to succeed if their plans must become a to do list that HAS to be completed before moving to the next step. Adaptability is how BEHL will survive and prosper. Rigidly holding their toes to the fire about everything they talk about in their plan is a sure-fire way to failure for them AND for our investment.
BTW, I also added yesterday. Managed 500K at .0038. It is a gamble I am willing to take. Apparently we are not alone as there were many more buys than sells yesterday.
GLTA
Thanks you. I have learned a lot about your logical processes. Picked up on a statement or two from my message and ignored the rest. Helps me to interpret the rest of your writings about BEHL.
FYI, I am ignoring you in the future. If all (or a significant part) of your predictions turn out to be correct, then I will apologize for doubting.
Dennis Fisher is a great visionary and has assembled a tremendous team. ... I also believe that his lack of higher education may be a burden at times.
Nice. It does seem to suggest that some of the claims made here in the last short while are open to question.
I just got in from setting a number of gofer traps in the yard. The little critters are making ugly mounds all over the place. Then I was catching up on the talk here and see there should be some gofer traps here as well.
Shoo little bashers. We need good DD not your opinions.
News!
SANTA ANA, Calif., June 1, 2010 (GLOBE NEWSWIRE) -- Monique Berry, President, and Board Member for BioCentric Energy (Pink Sheets:BEHL - News), announced the following Shareholder Update:
Ms. Berry stated today, "I am pleased to announce the following updates to our valued shareholders:
1) The excavation company hired for BioCentric Energy's first commercial site in Southern California is delivering gravel today and moving more dirt as part of the grading operation that is necessary prior to deploying the PBR system. On site and overseeing today's operation is Chairman of the Board, Dennis Fisher who stated, "The project is progressing as planned and the capital for the first system has been received."
2) Last Friday, the BioCentric Energy Team put food (nutrients) into its commercial demo system located at the Company's headquarters in Santa Ana, California. The food will be blended and stabilized within the system prior to the inoculation of algae which will take place in approximately 10 days.
3) The Company has received many inquiries from the recent press release that mentioned additional employees were needed to support the first commercial site and subsequent sites. Anticipating this need well in advance, Chairman of the Board, Dennis Fisher partnered with Charles Bensinger, Director of Alternative Fuels and the algae program at the Santa Fe New Mexico Community College (SFCC) and school of business applied technology. The college will be the Company's first choice and resource when seeking algae specialists and technicians for its commercial PBR systems. SFCC Director, Charles Bensinger stated, "Because a key intention of the program is to train aspiring algae industry workers, students must gain experience with certain technologies they are likely to find in the field. In particular, SFCC students employ an algae culturing station and classroom-scale closed photobioreactor made by BioCentric Energy of Santa Ana, CA. The BioCentric Energy's photobioreactor is a scaled-down but fully operational version of a much larger system that the student might encounter in commercial algae farms. Over the course of the two semesters, students have successfully grown algae under a variety of indoor and outdoor conditions."
4) With growing interest and daily inquiries of the Company's commercial PBR systems, BioCentric Energy is planning an open-house at its headquarters in Santa Ana, CA sometime in late summer for its shareholders, investors and potential clients. This will provide an opportunity to see the working commercial demo PBR system and meet the BioCentric Energy team."
The BioCentric Energy Holdings, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7468
Safe Harbor Statement: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as BEHL or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
Thanks for posting gator. Your posts always are good for a big laugh. Keep 'em coming. Your imagination is extremely creative.
Brilliant exercise in logic. Though I think it went over my head. Anyhow, thank you for the wonderful contribution to the discussion here. Next time you have something original to contribute, please post here again.
:P
I feared my position was too sophisticated. Let's try again. I can (and have) pick up the phone and talk to DF. In that way, I can form my own opinion about his honesty and the direction he is taking BEHL. You make undocumented pronouncements. I don't have any context to judge your honesty or the basis of your pronouncements. If you want to be taken seriously, then give the some basis for your words. Simply saying "DF is deceptive because I said so" is NOT a valid logical argument. Unless you have more information to share--or provide contact information so someone here can talk just as we have with DF--you can't be taken seriously.
BEHL is a start-up business, they ARE showing progress. At least I know their name and address. I can see the events on the webcam. On the other hand, you are asking us to somehow believe your anonymously delivered pronouncements? I appreciate ANY solid DD you can provide. Anonymous pronouncements are not useful. Perhaps if you were willing to sign your real name, give a real physical address and phone number would help your credibility on the pronouncements.
Thanks for your undocumented and unsubstantiated opinion.
Gator, I LOVE your humor. Thanks for a good laugh!
rtshark, your scenario is more entertaining and definitely seems the most likely.
Interesting post. Hard to know what to make of it given the totality of your posts. Problems:
1) You wrote a long semi-detailed anonymous post that I'm somehow supposed to believe. It is hard for me to do without documentation. I say semi-detailed because you allude to a lot of things without saying enough to verify your statements.
2) Since you admitted to flipping, how do I know you aren't fishing for a lower price?
3) My own DD contradicts many of your statements.
4) More issues that I care to bother with right now.
You do have an absolute right to your opinion. I need to have facts as a base for mine.