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Thanks, I'm not sure predictive biotech is theirs anymore. It may have gone to the new joint venture.
I don't see that predtech has been updated.
Do you have a link? I just went to predtechgroup and it looks the same.
the other possiblity is that the seller is gone. I know, I'm a pollyanna.
Actually, I was wrong, they are using isobutanol, which is an alcohol produced from cellulosic material by a yeast that apparently GEVO has developed. So maybe they have something. But there is room for everyone in the energy market.
That's GEVO, right marketman? It sounds from the PR that they are producing vegetable oil aviation fuel which will be expensive, not cellulosic, and does not spare the human food, which is a big reason for the cellulosic push. It doesn't sound like they have anything.
So, it looks like the the credit is $1.25 for the ethanol, plus one $0.01 (one cent) for every one percent that the fuel reduces "lifecycle greenhouse gas emission" below 50%.
For BIOF that should be close the the maximum of 1.75. The question is , is this in addition to the RIN credit? I think so, because RIN seems to be an independently traded credit that purchasers can buy to use for some regulatory compliance. If this is right, then this is another windfall if we start producing.
Nobody, that's not the plan. It's ELGL shares that go into BFNH. And I agree with the last post.
Thanks, Anthazar. I have to say this 10q is like kissing your grandmother.... again.
The one thing I found interesting was that the said the MOU is still proceeding. That's good. But when oh when...?
there is a pretty good discussion of S4 in the link below starting at paragraph four. Apparently, if the S4 is prepared correctly, it can be approved quickly.
https://www.nelsonmullins.com/idea_exchange/alerts/securities_alert/all/minimizing-sec-comments-and-managing-the-review-process-for-form-s-4-registration-statements#:~:text=A%20Form%20S%2D4%20registration,mergers%2C%20consolidations%20and%20exchange%20offers.
Unless they can work out a deal with the exchange to do it all at once. Not sure how that works, but if it is profitable enough for the exchange I suspect they will find a way.
Without the ELGL shares in the company, BFNH doesn't even come close to meeting the uplisting requirements for the NYSE.
400 round lot owners, no.
Market value of publicly held shares, defined as excluding shares held by officers directors or 10% holders or their families, at least 100 million, no.
Minimum share price 4 dollars, no.
Average monthly volume 100k. I doubt it.
I stand corrected, and even more so at two million.
I think you may be right, PIW. If what you or someone else said that the ELGL shares will not be immediately converted to BFNH shares is true, and the float of BFNH is only 5.18 million and possibly fewer in the DTCC, news could be very disruptive to the market for the stock.
However, as a stockholder, I would like to know what's holding up this train.
thanks, happy, good interview with ben.
LOL. I don't even own a car. Just a bike. Even better than good parking.
I was kidding about the jinxing, sort of. I did think of posting something about it, and stopped, sort of an unconscious fear of jinxing. LOL. It dies hard in us.
I agree, the powers that be are learning. And that's good.
I didn't want to jinx it. But there you go.
Which regulatory institutions? US or foreign? Couldn't be anti-trust, that wouldn't apply.
It is usually much shorter. I suspect most of the preparatory work has already been done in the last 13 months. This article says 38 days.
https://www.gartner.com/en/newsroom/press-releases/2018-10-15-gartner-says-the-average-time-to-close-an-manda-deal-has-risen-more-than-30-percent-in-the-last-decade
2.577 million people live in Brooklyn. I am one, but not whatever one you are thinking of.
I'm not that guy, whoever he is.
looks good, but it looks like the delivery of the five will be delayed. Otherwise great.
Page 24,
"Larger prototype system is expected to
scale up production to a rate of 1
ton/day of throughput in 2022, then a
demonstration plant that is expected to
run at a rate of 1 ton/hour in 2023."
But what can you do.
looks like a pick up in volume.
Thanks.
so I interpret that as the price of bfnh stock will go up before the deal is completed, not that ELGL shareholders will be screwed. I hope that's the right interpretation.
Will I be able to afford a new comfy chair by football season?
I checked the SEC too. No form anything filed. Also, the form S1 wouldn't be what they would file, I don' think. The S1 is for and IPO or raising funds as I understand it. Not what's going on here.
https://www.investopedia.com/terms/s/sec-form-s-1.asp
Santelli portion starts at about 4 minute mark. Pretty good, it's some publicity anyway.
Thanks Valeria
Well, I did check your posts on ELGL and the first was 2009, so that is 12 years. You've got the experience on us.
No news that I know of. Could be a holder who wants some warrants selling to switch out. Sell at .15 or greater and get the same number of shares plus warrants. Not a bad deal if you can afford it.
Or it could be someone getting out.
Yes, it is similar. Good find.
Still don't think so. It's in Philadelphia. this is an interview with their chairman, Howard E Smith. It's been around since 2013, so I don't think it's us.
https://www.einnews.com/pr_news/547376151/elements-media-networks-broadcasting-llc-the-future-of-streaming-television-and-radio
I doubt it, but here is their facebook page, which makes it seem more plausible. But I still doubt it.
https://www.facebook.com/elementsmedianetwork/
Well, yes, the volume is underwhelming, but there doesn't seem to be much selling.
Don't worry, marketman, the rest of us read your links.
One year anniversary of the MOU. Hope we get something soon.
Today is the one year anniversary of the MOU. Hope we get something soon.
You too.
Good day today.