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(Parrish) arent they filing for bankruptcy ? I know hopefully his personal fortune is intact and he probably knows several wealthy people with money to invest - but I dont see a correlation between movie rental franchises and bio energy production and sales. Maybe his value is in knowing how to get a company to the NYSE or Nasdaq. If we were a franchise operation o.k. then I get it but we are not.
I personally have followed the solar industry a little , been in and out of a few of those stocks and honestly - that is a game left to BIG players with BIG capital and not a startup that just got its financial wheels turning in the right direction. I understand that most super successful entrepreneurs have a "dream big" persona and they see what most of us do not - thats why THEY are successful because they are visionaries. However right now in these times I say lets just make a buck, OWN the market with our green fuels and build up some cash reserves to dream with down the road and lets not forget paying a dividend of some sorts -someday to shareholders.
Anybody ever rode a pink to the OTC before ?
I have tried to do some research and find stats on average pps growth after moving to larger exchanges but basically I cannot find any figures out there ????? Anybody want to take a stab at our pps target when we make the move ? Any hunches or past plays you can add insight from ? J
Agreed lets get really good at one thing , get some profitability rolling to build shareholder value and THEN move to diversification.
Did some reading on OTC and I am confused is xpgh filing for OTCBB or the other lesser pink sheet variant called OTCQX ? see details below ....... J
OTCQX market tier
OTCQX is a premium market tier offered by Pink OTC Markets that aims to raise the visibility of OTC-traded companies that, although not traded on a stock exchange, have operating businesses and provide substantial disclosure to the marketplace. The Pink Sheets has provided online stock tracking for many companies in its long history of online stock trading. . Similar to companies quoted on the Pink Sheets, OTCQX companies are not required to be fully SEC reporting companies (i.e. current with all SEC filings). Despite this, OTCQX companies must provide audited financials and certain disclosures to Pink OTC Markets.
OTCQX has two subcategories, PremierQX, the highest tier, and PrimeQX for companies that are too small for PremierQX, but otherwise meet the reporting requirements. The two categories are further differentiated into International and Domestic (US) companies.
crickets crickets crickets ......... nothing left to do but reflect
where are we at .....SUPPOSEDLY
Moving to OTC -potential for solicited sales of stock
Audited Fins
Small amount of money in the bank
POTENTIAL contracts Florida paper mill,CEMEX,West Va.,Fl.power plant, Korean power plant was it ?
Test burns going on......
Obama policys moving forward will supposedly support bio, dept. of defense must start using a % of bio etc.
Sen or House expected to renew bio fuels tax incentives March April
Emissions laws tightening up for heavy industry possibly taxing industry on their carbon foot print....incentives to be green ...
In writing - Wiregrass Construction, Newcastle Materials......
Not much inked but lots of "gonnas" / things in motion it appears....my gut says something needs to happen in the next few months or my feeling is people will start selling this in droves.
Man this is is great news - we have a government push to get it into mainstream Americas tanks now and not just industrial type customers
who benefitted from the tax credits and emissions reductions. Another + for sure.
" This program, termed the Renewable Fuel Standard 2 (RFS2), will increase the volume of renewable fuel REQUIRED to be blended into petroleum fuels from 9 billion gallons in 2008 to 36 billion gallons by 2022. The RFS 2 is an expansion of the original RFS program.
Under the RFS2, biodiesel will be given a specific carve out in the renewable fuels pool. Biodiesel will qualify for the biomass-based diesel category, which ramps up from 500 million gallon requirement in 2009 to 1 billion gallons by 2012. Because of the delayed implementation of the program,
the EPA will be combining the 2009 and 2010 requirements in calendar year 2010. Depending on variables such as carry-over allowances and transition rules, this is expected to create between 750 million and 1 billion gallons of domestic consumption of biodiesel in calendar year 2010. The program calls for an 800 million gallon minimum requirement for 2011."
Invest- I dont think we need to own a refinery in order to manufacture and deliver product.....you can contract with existing bio refineries to use your proprietary blend and they then make it for you ...as far as trucking and delivering finished product you can lease tankers .....so I dont necessarily think we need to own these assets to do business right now...down the road maybe we could purchase and own these assets for a higher profit margin possibly.... so I dont think necessarily dilution is set in stone for us......
Knees I too share your perspective 6 or 7 prs and no ink (proof) yet. Your points are well taken for you long timers who have been misled before with empty pr promises. I am a little more positive (or naive) and that some of these things will shortly come to fruition. SO I am FIRMLY in and letting it all ride for now. I enjoy hearing everyones perspective here as it definitely helps me decide what to do . J
Truth I believe these guys are legitimate and we have legitimate projects in the pipeline. I AM IN FOR THE HAUL AND NOT SELLING ANY OF MY SHARES AND RESISTING EARLY PROFIT TAKING ...BUT I also understand peoples perceptions of fluff - skepticism ........ the list - nothing confirmed - signed we know of from press releases.... 7 cases
1.) "renewable fuels with "pending" orders for nearly 80 million gallons from power plants in Korea and the northeastern U.S. Power Plants"
2.) "Cemex"
3.) Florida Paper Mill "30 million gallons annually"
4.) West Virginia "facilities"
5.) "negotiating" technology acquisitions that management believes
will ultimately redefine how electricity is produced."
6.)"invitation to meet with Defense Department officials to
"discuss" how we can aid compliance with green-fuel mandates
for air, land and naval needs."
7.) and lets not forget the GENX "acquisition" mentioned awhile
back what happened there with their huge maritime fuel order
they had signed ??????
I think legitimately - with the released fins as proof at best we are delivering ~1,000,000 gallons a month so we all own legitimately part of a potential ~ 33 million dollar revenue producing company for less than .41 cents a share - thats pretty good in these times in my opinion especially for a PINK ....... the rest of these pipeline projects should be gravy and further add value and take this company upward and onward.
Lets not forget we are a PINK ...we are in the cradle stage, we are in a NEW INDUSTRY just gaining ground out there and becoming accepted - mandated. These guys are doing a great job in my opinion so far. We are MOVING UPWARD it appears - thats all you can ask for at this stage in my opinion......
J
Knees maybe I am uninformed - set me straight .... cant you just farm out production (using your proprietary formula ) ? From what I understand currently tons of struggling Bio plants out there are idle - wouldnt they welcome doing some refining for someone ? J
I am holding...... I truly believe we are going to see a substantial pop with the move to otc and new investors , I dont believe the fins coming out necessarily will be a factor unless we have been lied to.
"A" (sarcastic) new SIGNED contract should coincide soon ...take your pic (overseas power plants, paper mill, cemex, asphalt co, power company) at least ONE of those mentioned should hit pen to paper at least .....
Just to share strategies I picked up some more XLPI over the last few days ....the play - success by proxy :).
This one (xpgh) to me still smells good and has solid momentum, cheerleading aside things are happening. This is a tough crowd some have been in this stock awhile and are understandably skeptical / jaded. We all work hard for our money. I bought alot of Ford at sub $2 and cashed out at just under $6. I shorted myself out of some hefty gains by jumping ship too early and NOT going with my gut . Ford closed at 11.39 today. I am committed to this one in part due to my fresh Ford experience which I didnt feel as strongly about as I do xpgh's business momentum.......my gut is once again when XPGH gets a few industry eyebrows raised it will be acquired by one of the bigger oil companies looking to "green up" its reputation asap with a turnkey, revenue generating company with unique green - clean products. Parsons and team are doing everything right to continue to grow the business and be attractive to others looking to acquire in my opinion....... J
"It also gives us the freedom to add staff and acquire distressed assets, if opportunities develop that fit our business plan."
I wonder if they consider Genx distressed or are they looking at other refineries now going under due to loss of Fed subsidies ? Maybe the Genx discussions are over at this point ?
I have to agree with Knees its all fluff until deals are SIGNED and appearing on the bottom line ...... BUT I am getting out my seat belt because my gut says its going to be a wild ride in Feb for XPGH !!!!! J
Possible play .....I decided to pickup some xlpi ...I know I know crazy but with talks about possible commercials airing for Lubrilon products (short term pump ?) and the loose association of xpgh to xlpi I figured it was worth a shot and its dirt cheap..... you never know maybe xpgh in the future could absorb / acquire xlpi to make things easier with everything all under one roof. Be easy on me I am just playing a personal hunch ...I guess what I am saying to others is maybe hold on to your xlpi - ya never know ....J
I will bet it was an open invite to all in the bio industry not just global... the military has to do things like this above the table for fair contract bidding purposes...J
This stock continuosly baffles me .......we have a positive press release and 3 days later it jumps on a market down day ???????
Doesnt the stock have to hold xx days in a row at a certain price level to be eligible for an OTC listing ? Is this some sort of insider pump ?
I am still holding but totally lost on this stock ??????
Just taking a stab at it ...maybe GENX cannot finance or GET FAVORABLE bank financing (without giving away the store) to rebuild their new plant or expand it to a scale that will fill the 1 billion dollar order .....so as an alternative they look to an aquiring partner (XPGH) with better terms (an xpgh stock deal and cash) than the banks or a heavy hitter investor that should really payout down the road to genx. It might be a REALLY good thing ...if xpgh accepts a stock and cash deal then genx believes xpgh is for real and thats good news for us all......just taking a stab here be easy on me :) ....J
Keywords "Pending", "hope", "future" ...unfortunately those words dont fill the till and will not until they are signed ..... the 2 million gallon order is great and significant - kudos to xpgh for that.
X2 !!!!!!!!!!!!
Yes we need a press pump and some facts ......its all about momentum J
We better worry about the $1 credit being renewed first ...if we dont get a favorable extension vote by congress we are totally sunk IMO ....but on the upside we may end up getting a 5 year extension...in the meantime shakey producers are going under. J
Corrected: US biodiesel in disarray as Senate refuses to vote on tax credit
Publication: Chemical News & Intelligence
Date: Friday, December 18 2009
HOUSTON (ICIS news)--US biodiesel producers are contemplating their next steps after Congress [1]declined to vote on extending the renewable fuel tax credit the industry considered crucial for its business, sources said on Friday.........
Two bills currently in Congress - SB 1589 in the Senate and HR 4070 in the House - would extend the credit for five years. Those bills could see a vote in 2010, a National Biodiesel Board ([3]NBB) spokesman said.Daniel Oh, president and CEO of Renewable Energy Group ([4]REG) in Iowa, the largest supplier of biodiesel in the US, said his company was currently reviewing operations at each of the nine plants in its network.
"The news that the biodiesel tax credit won't be extended has put our industry in a state of turmoil," Oh said through a spokeswoman. "REG is evaluating feedstock pricing, demand opportunities, production levels and, in turn, staffing options for each one of the biodiesel plants in our nationwide network to determine the best outcome for our customers and company."
At the industry's height in mid-2008, there were nearly 180 biodiesel refiners in the US producing an average of 60-70m gal/month, according to Energy Information Administration ([5]EIA) information. Then the commodity bubble burst late in the year, and EU tariffs choked off shipments to what had been the US industry's main consumer market.
The industry has since seen major players such as [6]Nova Biosource close their doors. Overall production is now at about 15% of its 2.9bn/gal year capacity, with state mandates providing the only dependable demand. As of August, production was about 40% lower than it had been during the same period the year before, the EIA said.
NBB spokesman Michael Frohlich said some of the damage could be reversed if the Senate approves the extension in January, though reconciling the bill with the one the [7]House passed on 9 December could lengthen the process.
Even then, the industry as a whole could go through a lot of hurt before the extension becomes law, Frohlich said.
"The news is still fresh and companies are digesting it," he said "Some companies may wait until after Christmas to hand out pink slips."
I truly dont know how it will affect us.....a dollar for each gallon produced is a pretty hefty loss for struggling plants ....on one hand it might shake out smaller producers and put them under where only the strongest financially backed plants survive... supposedly only 15% of current us bio production capacity is utilized anyway I read somewhere . This article says probably around March it MIGHT BE renewed. So for any plants strong enough to hold on they should be back to business as usual in March possibly.
Now do we contract with several smaller plants to produce glyclean and glycoal and are those specific plants in danger of going under ?????? Do these smaller plants competing with each other regionally keep wholesale prices down slightly ? Without knowing how we operate - its hard to predict anything. I think if this subsidy does not get RENEWED we are sunk....j
From sugarcaneblog.com
Grassley: Biodiesel Tax Credit Extension May Drag; Ethanol Tariff will be Controversial, Difficult to Maintain
Posted on January 6, 2010 by sugarcaneblog
Senator Charles Grassley (R-IA) says the U.S. Senate may take some time to approve the tax extenders bill, which among other things would renew the $1.00 per gallon biodiesel tax credit that expired on December 31, 2009. During his weekly call with reporters (audio available here), Grassley said “there’s a real intention of getting the extensions, as well as the estate tax, done in the early months.” However the Senator warned it may be March before the Senate acts, which is certain not to please the biodiesel plants idled by loss of tax credit.
At the end of the interview (transcript here), he also noted that he expects a difficult fight to maintain the 54 cents per gallon import tariff of ethanol. Grassley said, “the only thing that might be controversial and difficult to maintain would be the ethanol import duty.” Grassley, of course, said “he would fight to maintain” the 54 cents tariff on imported ethanol, which mainly targets Brazilian sugarcane ethanol.
Man what happened here with the xpgh interest ...crickets ....crickets .....crickets ....J
I tend to agree unfortunately no numbers is snubbing us - the partial owners of this company....... too bad i thought things were changing.......
Cmon Mr. Parsons give us an early xmas present - how did we do last month ?
Dont we average around the 18th for news....that would put it at around Friday ... I hope they dont miss the monthly financial report / announcement........ J
What is Bill Smiths reputation as a mgr ?
Great story on the shipping industry as the worlds biggest potential polluter .......we have some clean maritime fuel for them.....
http://www.dailymail.co.uk/sciencetech/article-1229857/How-16-ships-create-pollution-cars-world.html
Wheew AWESOME NEWS ....J
If the tax credit isnt renewed we are sunk in my opinion ...any news on that status -gov extension ? We simply cannot compete with reg diesel prices imo without that credit....some interesting reading regarding subsidy, Nov 2008 production capabilities in the U.S. etc...... J
"The $1-per-gallon biodiesel tax credit was created under the 2004 American Jobs Act. The tax credit had been set to expire at the end of 2008, but recently received an extension for another year.
Today, the domestic biodiesel industry has more than 2 billion gallons of installed production capacity from more than 170 plants in 40 states.
Texas has 686 million gallons of production capacity in 31 plants. More than half of that capacity is located along the Houston Ship Channel, said Jess Hewitt, president of the Biodiesel Coalition of Texas"
http://www.seattlepi.com/business/390056_biodiesel01.html
So by orchestrating OR fabricating a small trade like that they can cause a flurry of "nervous sells" and immediately buy them up at a lower price ? Price manipulation. So we need to hold our course steady and keep looking ahead -long term......
OUCH ...... .20 cent close today ? That hurt...J
Well said -make that two stupid Irishmen....
I think we have a few key things working against us - thats why we dont see any volume or perceived street interest .....
I still believe in alot of investors eyes Bio is snake oil. People usually like to invest in things they know and understand and are comfortable with - with a track history. A FORD, G.E. , COSTCO etc. As I said before bio isnt "for real" yet in many investors eyes.
The clean- lower emissions issue escapes most people ...there is big value in that to end users of the fuel ...I think I read some of those smoke stack scrubber bags were 30k dollars a piece. So lower operating costs due to using bio. Not to mention the gov. rebates. Potential taxing of companies based on the size of their carbon footprint will also increase the value of using bio. Industry has to shift to using bio to save money.
TONS of small BIO companies have gone out of business - the industry kind of has a black eye so to speak - making investors wary.
We are on the PINKS ......we are all bottom feeders by nature here on this board - there is a stigma of illegitimacy when on the PINKS ....we need to get off the pinks before we are taken
seriously and a fresh pool of investors comes in.....
Just my opinion.
Pluses:
Confirmed order for 2 million gallons - one customer
SUPPOSED big order from Korea in the works- power plants are steady -repeat consumers I would imagine.
GENX had-has a large maritime order to fill -1 "B"illion gallons over 3 years.
GENX still providing fuel even though plant destroyed - farming production out apparently ?
Test burns at a Florida paper mill - based on past history should go well. ANOTHER market penetrated.
Great job to the sales -overall team I guess you could say .....
Minuses :
The audit is taking longer than we thought
No reported delivery numbers for Nov. yet
S1 paperwork has not been filed yet
No word on Genx acquisition progress
I still get a good feeling from this organization and I am still firmly in..... Ok maybe Korea isnt a done deal yet BUT we were bitcxing not to long ago we were in the dark and knew about nothing going on or in the pipeline - so being an optimist I am glad Mike or whoever is releasing such snippets. I believe the man that they are true statements .....
I agree this stock doesnt pop on GREAT news ??????????
OR are investors hanging back to see if the pending bio legislation changes STAY and continue propping the BIO industry up. Remember Bio isnt "for real" in a alot of investors minds today.
I know justly they are addressing the black liquor loop hole - that cost us billions ....BUT lets just hope they leave the .50 c a gallon for legitimate use untouched. The industry is gaining ground due to these gov. subsidies I think.
I am aquiring more - I believe in bio - we have to be somewhat optimistic and visionary - at these cheap prices it makes it a little easier to swallow for me .
From their website ..they continue to produce fuel
"GEN-X and its strategic partners created a new and the world’s first approved Biomass Based fuel product that will replace the current HFO and IFO fuels for the International Maritime industry. In addition, GEN-X still continues to produce and deliver Certified Biodiesel to its clients."
So the Ferries in Washington alone use 18 million gallons a year. Nice contract whoever gets - got it ......at 2.77 a gal right now that alone is a 49.5 million dollar contract / one customer.
Great question.....I would be worried about the permitting process too - that cant be a quick process dealing with reg. agencies. Great to know that the plant reconstruction isnt dead and is moving forward ! Great news.
All just speculation on my part BUT the GENX plant burned down ,there was talks with a local railroad co or yard stepping in to provide land for them to rebuild -use .....then the rebuild story went cold , they still have signed fuel contracts to fill I believe , the recipient isnt going to care where it comes from as long as its delivered on time and on price so maybe xpgh is using its secondary "blenders" to fill Genx orders for them ? I think I read about 1 plant in Plains GA that I believe was affiliated in some way with xpgh and maybe thats supplying a portion .... Genx 3 year contract 1 "B"illion gallons according to this article
http://www.allbusiness.com/safety-accidents-disasters/accidents-fires/12547138-1.html
I am still theorizing that the true worth in Genx is its "supposed" signed fuel contracts......search this thread for those big numbers from Benvides (sp) the Genx company spokesman interviewed after the Genx refinery fire.......
Any theories on todays dip then partial recovery ?
Thanks for snapping me back softy ....J