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no I did 989
I stand corrected-you are right. Hope we don't have to wait for concrete proof that additive sales are going great.
Dshade-if you check the company financials on the web site you will see that there is a quarterly report every quarter. The only question is whether or not revenue will be consolidate or broken out be source. I hope it will be by source so we can tell if additive sales are taking off as we suspect....but do not know. Perhaps someone on this board can give us an indication as to whether or not additive revenue will be identified in the quarterly report.
Let's hope so. Seems as if management needs to announce something soon or the short seller who posted here awhile ago could be right when he wrote that he thought the pps was going to .50 before going to $20. Just saying.......
No-just want to add to my base of factual information vs speculation
With all due respect dshade. I think you are wrong about the quarterly report. Also, if I am correct quarterly report should show an increase in revenue which could move the stock.
No quarterly earnings report? That seems strange to me. Did not June 30 mark the end of a quarter for ECSL?
Two questions - maybe someone can help. #1 -will the quarterly report come out in mid August?
#2 Is Mr. Pybus the full time CFO?
Thanks in advance if you answer the above.
Thanks for the clarification
fair enough-the death spiral you refer to (selling stock)fits well with DShade's comment about the CEO's reluctance to sell part of the company for cash some time ago. Appreciate your thoughtful response
VC-was refering to Drcashflow's post and your reply is most appreciated. Thanks! My concern has to do with working capital - that which is needed to move to the next plateau. Great technology without working capital is still great technology but without the fuel to propel it up. I am hopeful that the CEO will figure away around this issue, if it even is an issue.
Thanks again for the quick reply. I am no balance sheet expert so I thought I would inquire.
VC-Your DD has indeed been thorough and very helpful. My question for you is in your DD efforts, how deeply did you dig into the financial health issue raised by a previous poster?
Question-can anyone tell me whether or not diesel additive sales will be broken out in a line item on the next quarterly report? Thanks in advance.
Sorry :(
Katiesdad7 - Did you get filled at .90?
Interesting about not changing share structure. Thanks for that info. I should clarify that I was not thinking about vulture capital, but rather a bank line of credit with no equity involved. It seems that signed contracts would be great collateral for the bank, depending on the factor applied. I sincerely hope CEO has it all under control...but hope is not a strategy. We shall see....next quarterly report should be really interesting
Having followed the conversation in this room for several months, I thought I would contribute some thoughts on what I suspect is a business problem.
The problem I sense is that the company is caught in a chicken and egg situation, not unlike many small undercapitalized companies I have consulted for in the past. Before I go any further, I am a believer in the technology, have done considerable DD, and see little purpose in the pom-pom type of chatter in here as well as all the MM chatter. Who cares what the MM is doing if the product is real (which as noted above I believe it is) and - importantly - properly funded. On to the issue and how we, in here, might help.
I suspect the chicken and egg problem is as follows and granted what follows is over simplified. Potential customer A loves the product, has tested it him/herself and is satisfied that ECSL's representations are accurate and wants to place a large order. To produce product to satisfy a large order takes money. Money for Methanol, gasoline, and additive production as well as blending of these. Maybe ECSL can obtain terms from a methanol supplier (which in effect is a form of financing) as well as a down payment from Customer A (also a form of financing), but my guess is these two are not sufficient to finance the large order. Typically the difference required is funded out of company's (ECSL) working capital and it appears that ECSL does not have sufficient working capital nor sufficient cash flow from operations to bridge the gap. I also suspect that by making some assumptions on profit margins, that first large contract will generate sufficient cash flow to make the second order far easier to fulfill.
The issue is less complicated for the diesel (trucking product). Here, it is just working capital to produce the additive in sufficient quantities to supply a large order. A small trucking company in Georgia is one thing. A national outfit like Roadway is quite another.
So how does ECSL fix its working capital problem assuming my assumptions are correct? Any constructive ideas on that subject should be sent to Mr. Mills directly and /or posted here. But, he can read all the ideas and still pursue his current strategy of trying to get customers and suppliers to finance the sales-an assumption on this end. Best as I can tell, that strategy hasn't worked so far but that doesn't mean it won't succeed. However, doing the same thing over and over and expecting a different result is questionable. I choose to simply call it management risk.
Bottom line is that rather than a large contract announcement, maybe we should be hoping for the announcement of a bank line of credit dedicated to order fulfillment that could facilitate the announcement of the long hoped for large contract for the fuel.
Has anyone check out the cyber web site? Am surprised there are no comments about additive diesel performance. A real eye opener from trucking firm!! Slojab-you might want to take a look. Proof of success of produce will show up in hard $$ revenue in next quarterly report.
Check out cyberfuelsinc.com under customer testimonials. Latest diesel additive test results are posted under testimonials. Really impressive savings.
Happy Birthday LTA - enjoy the weekend!!
not the one I spoke to
Have a question. Rather than all this bickering and speculation about share price, why not call a trucking company and point them towards Cyberfuelsinc.com Let them know company exists and let them draw their own conclusions. I just did this. We'll know in July if this type of activity is productive. If it is, we will all be better off as the share price could rise on merit not rumor.
I can't say whether your concerns are justified or not, but I do think, absent any announcement, that the upcoming quarterly report should be a real tell. Top line should reflect additive sales, and if the report shows that, that will serve as some concrete evidence that the technology is real. All this chatter about $20/share is pure speculation and probably best ignored. I could be right and it could be wrong....I sure don't know. I do know that I am holding my position.
Ok -thanks
dshade -Asked who for the contract numbers? "I asked for the Veterans Administration's contract numbers."
will try to remember and re send wishes then :)
happy birthday LTA
Just wondering - could the increase in volume be a precursor to another announcement?
Fullhouse--you are welcome. Hopefully the MM is trying to give all the shorts a chance to cover. I wouldn't mind if I got filled during his takedown.
here is an article that should make loyal supporters feel good and shorts feel sick!
This article was published today by Hart Energy a large oil, gas and alternative energy information distribution magazine.
CyberFuels Offers 'First Energy Drink for Cars'
By Bryan Sims
Editor, Hart Energy’s DownstreamBusiness.com
May 19, 2014
While ethanol and biodiesel are touted as viable biofuels that provide environmental and performance benefits as additives for gasoline and diesel, respectively, Palm Beach Gardens, Fla.-based CyberFuels Inc. is offering a methanol-based fuel and fuel extender products that give gasoline and diesel an added punch.
A subsidiary of EncounterCare Solutions Inc., CyberFuels currently offers two primary products: a methanol-based fuel replacement and additives for gasoline and diesel through its trademarked “Dynamo” line of products.
The company’s gasoline additive improves octane and increases the miles per gallon (mpg) of gasoline. One four-ounce bottle of CyberFuels’ octane booster additive allows consumers to purchase regular 87-octane gasoline and increase the power and performance of the fuel equal that of 93-octane gasoline, explained President Ron Mills.
“Not only are you getting a better-performing car, but you’re also getting a mileage upgrade,” Mills told Hart Energy’s DownstreamBusiness.com, noting that the company’s octane booster additive typically achieves a minimum 8% mpg upgrade.
“On the high side, it’s about 18%,” Mills said.
In addition to an additive for gasoline, CyberFuels also offers a cetane booster additive for diesel engines, which can improve performance, power, increase mpg, as well as improve cold flow, increase lubricity and clean fuel injectors, according to Mills.
In independent lab tests, CyberFuels’ cetane booster increased the cetane rating from 46-cetane to 53-cetane in No. 2 on-road ultra-low sulfur diesel (ULSD) diesel, he noted.
“On the cetane side for diesel, we can guarantee that you will get about an 8%-10% increase in mileage. Translating that back to the cost and profit of driving a truck, it reduces the cost dramatically,” Mills said.
“We didn’t want to get up to the 55 number because you get a diminishing effect when you get up towards the 55 level in cetane. What we’ve tested and proven is that we can almost always get a 51 in the regular diesel fuel. It works beautifully with the biodiesel as well,” he added.
To date, sales of CyberFuels’ gasoline and diesel additives have been robust, according to Mills.
During the first four weeks of sales, he said the company had filled over 90 orders of additive to individual consumers and began taking orders of the diesel additive for commercial accounts in bulk. Individual sales have been about US$25,000 thus far and the company expects commercial sales contracts to total around $2.7 million.
Mills added that his company is actively testing its commercial additive on commercial furnace applications, as well as generator applications for power plants, as an added revenue stream.
Meanwhile, CyberFuels also offers two trademarked methanol-based blended fuel replacement products: “Singular 96” and “Enhanced Methanol Gasoline” (EMG 96). Both contain 85% methanol, 14% 84-octane gasoline and about 1% of a company-patented additive. The fuels are considered a low-cost fuel replacement that can be used as a seamless alternative for gasoline in internal combustion engines.
Each gallon of CyberFuels’ EMG 96 or Singular 96 blended fuels have the combination of thermal and “virtual energy” to equal or exceed the performance of all grades of gasoline, according to Mills. With EMG 96, unlike other proposed fuel options, there is no need to retrofit car engines.
The source of the “virtual energy” in the fuel comes from previously wasted heat from combustion, which can be used to produce increased mechanical energy while the engine discharges less harmful heat to the environment.
Mills touts that the company’s methanol-based fuels to be environmentally superior to gasoline, typically releasing 72% less carbon dioxide and 68% less exhaust heat into the atmosphere.
All of CyberFuels’ products have an “A” anti-corrosion rating from various testing agencies, according to Mills.
He further noted that the company recently completed U.S. Environmental Protection Agency (EPA) registration of its existing products and is taking orders for both additives and fuel.
Cetane booster trial results
On May 15, CyberFuels announced test results from JD Holmes Trucking, a customer and independent trucking company based in Georgia, for its Dynamo cetane booster additive.
The company has been running comparative mileage tests in 11 semi-tractor trailers, ranging from a 1998 C-15 Caterpillar engine (625-horsepower or hp) up to 2012 15x15 Cummings, including Peterbilt’s 389-hp exhaust gas recirculation (EGR) and 387-hp Cummings engines.
The road tests had been ongoing since the beginning of April and comprise of fuel and mileage data gathered from the trucks’ on-board computers. Initial combined fuel savings in this test indicated positive results with an average mileage increase for the 11 semi rigs used in the test of over 26%, according to CyberFuels.
“I am extremely happy with the results to date. Increasing fuel mileage by 26% is very significant and complements the environmental benefits we believe exists with usage of our product. Of course, there can be no guarantee that every customer will have the same effects shown by JD Holmes, but our clients seem to agree that the trucks run smoother with a notable increase in torque and decrease in exhaust emissions along with an increase in fuel mileage,” Mills said.
JD Holmes Trucking’s test results can be viewed here. www.cyberfuelsinc.com
Mills noted that CyberFuels is also in the process of gathering data on its Dynamo octane booster for internal combustion gasoline engines.
Distribution partnerships
Over the past year, CyberFuels has aggressively locked up several representation sale agreements with global marketing and product distribution firms to get its fuel additives and blended-fuel products to a host of geographies and regions around the world.
Last year, the company announced that it signed distribution arrangements to represent the sale of its products with U.K.-based MayFair & Bond LLP to market EMG 96 to the U.K., Europe, Russia, Asia and China; Western Petroleum World Traders LLC to represent the sale of its EMG 96 in Puerto Rico, Hispaniola, Honduras, Mexico, Australia, New Zealand, India, South Korea and Vietnam; and Universal Fuels & Additives LLC (and Central des Terminales SA) to represent the sale of EMG 96 in Central America to include the countries of Panama, Honduras, Guatemala, El Salvador, Nicaragua and Costa Rica.
Earlier this year, CyberFuels signed a “binding letter of intent” with an undisclosed international energy, engineering and petrochemical company, agreeing to a joint venture that will manufacture and distribute its Singular 96 and EMG 96 blended-fuel products.
In April, the company announced that it signed a representation agreement with Spion Kop Inc., an Anguillan company, to exclusively distribute CyberFuels’ patented and patent-pending line of fuel additive and blended-fuel products in Trinidad, Tobago and the Caribbean Islands. Spion Kop has been involved in the petrochemical business since 2004 and has relationships with refineries in Jamaica, Suriname and Trinidad.
Mills told Hart Energy that he aims to secure more product distribution arrangements this year.
“It really has been amazing to me to see the amount of enthusiasm for the product. We’ve had tests done in China, Russia, South America, Central America and the Caribbean Islands and we keep coming back with amazing results, both on the improvement in mileage, as well as in the performance in the gasoline and the additives,” Mills said.
U.S. on hold, for now
While CyberFuels has been getting a tremendous amount of interest coming from potential customers in other parts of the world, Mills told Hart Energy that the company is not currently selling Singular 96 or EMG 96 in the U.S. at the moment.
However, he noted that there have been a number of states that have inquired about the company potentially locking up exclusive sales arrangements such as in Florida where the sale of E85 is commonplace at its travel plazas along turnpikes, as well as in California.
“We really see our opportunity in Asia and Central and South America right now,” Mills said.
“We are having discussions with people [in the U.S.], but right now, we’re a young company with limited resources. What we’re doing is we really have opportunities that we’ve identified with people where there aren’t regulations that limit the sale and sell it there freely,” he noted.
Mills further noted that places like the Bakken shale play in western North Dakota could be a ripe selling area where CyberFuels could take advantage of key natural gas production sites.
“We’re looking at places where there’s an interest in partnering with us,” he said.
Solar - Good statistic!!
thanks-will be more than welcome news
Clearly really strong results. Would like to see a contract from a big player in the trucking world like Roadway. Perhaps a distribution agreement is not far behind, where someone else does the selling...just speculating on this end. And of course, the is the production end as well. Hope the capacity is there to produce all the product necessary to satisfy demand. Given how meticulous the CEO is, I am sure he has this covered
suspect MM will continue games until major revenue event, but others in this room know far more about that than I do.
Patience is a virtue. All really good things take time.
Seems to me that Slojab, LTA, dshade, and VC all have valid points. Potential contracts are just that..potential. Having said that, I believe the potential is real. Additive sales and testimonials are real. In addition, the company has not, in the past, been prone to what I call hype PR. The testing of a new application is new to me and a plus and a minus at the same time. The plus is a new potential market. The minus is that it is yet another distraction from what I think is the top priority for the company - a major fuel contract. Sometimes it appears that the company has understandable ADD with all the different opportunities and limited personnel to follow up on each on and bring closure. Finally, I guess this was just a fuel update as nothing was said about the health monitoring opportunity. I am amazed at how much is being done by so few, and understanding the limitations, I remain a believer. (I actually think Slojab is a closet believer too, but he must be from Missouri - the show me state)
UPDATE FROM PRESIDENT For those of you who haven't check the ECSL web site here is the President's latest update. VERY CONSTRUCTIVE AND POSITIVE NEWS. Patience is a virtue!!!
Dear Stockholders,
In my last shareholder update, I discussed the various milestones the company had met and the road ahead. The main talking points were;
The establishment of the CyberFuels, Inc. Distribution Network
The anticipated demand of our CyberFuels, Inc. products
The signing of a LOI agreement
The addition of our fuel additives to our family of CyberFuels, Inc. products
Additionally, I announced to you that we hoped to begin taking orders for our product line in April.
I believe it is very important at this juncture of our company to keep you apprised of our progress so that each of you will have the necessary information to make informed decisions regarding our company, the path we’re on, and how close I feel we are to realizing these goals. Therefore, I want to address the points from my last update.
With regard to completion of our network and the commencement of sales:
At this time, CyberFuels has two primary products, Fuel and additives for fuel. Since my last update, CyberFuels has in fact completed the EPA registration of its existing products and have begun taking orders for both the additives and the fuel.
The sale of the Dynamo™ additives has been conducted on our website to individual consumers and also to larger corporate accounts. To date, sales in both our Dynamo™ gasoline additive and the Dynamo™ diesel additive have been more than we anticipated. During the first 4 weeks of sales, we have filled ninety one orders of additive to individual consumers and have begun to take orders of the diesel additive for commercial accounts in bulk. To date individual sales have been approximately $25,000 and we anticipate commercial sales contracts for approximately $ 2.7 million dollars.
We are currently testing our commercial additive on commercial furnace applications as well as generator applications for power plants as we feel this has the potential to become a significant revenue stream for CyberFuels Inc. It is very important to note that these tests are being conducted and that to date the results appear to be very good.
While we cannot be certain that any of these deals will close, we currently have additional substantial commercial accounts that we hope to close this quarter.
The LOI Joint Venture Agreement
In my last update I stated we anticipated announcements in the US and Europe after the completion of this JV agreement. This Joint Venture agreement is a very important step in our company's future and while I would like to complete the programs quickly, the negotiations are extensive and intense. We do still expect to complete the agreement in the near future , although there can be no assurances.
Lastly, I mentioned in the earlier update that we expect the CyberFuels, Inc. fuels "will have a positive environmental effect as well as being significantly beneficial to the global economy."
Our on going testing program indicates that our Dynamo™ additives boost Octane by six points and Cetane from approximately 46 Cetane to 53 Cetane in regular diesel.
In my opinion,this is a very powerful result and has been documented and recorded by an internationally recognized lab.
In addition, and I feel much more significant, we have proven through multiple tests in multiple laboratories that the Eco Island Blend and our Singular96 have a total energy density (power) greater than gasoline or 18000 BTU’s/lb.. These findings are very important and very significant.
Ronald Mills
President
EncounterCare Solutions, Inc.
For investor relations please contact Bill Robertson at (604) 837-3835.
Seems like buyers/believers should step up now.
There are several potential buyers for medical side, each with different strategic considerations. First, have to figure out fair value based on a number of variables supported by hard numbers, not speculative guesses as to sizes of market etc., before one can 'shop' the company.
I guess we have a friendly Red Sox - Yankee rivalry on this board :)