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Nice article greenman. My favorite quote was...
We all have recognized that, number one, we’re looking at an estimated $2 trillion market for algae.
Agreed.
Plus, you never know what other news/info could come out in the meantime.
The algae is within a week of going to the wall unit. Then from there it goes to the PBR.
This is from the 4/14 PR....
The BioCentric Energy R&D team is pleased with the robust nature, performance and growth rate of this Omega3/EPA strain and anticipates transferring the algae into the Company's Wall Unit within the next two weeks. Following the transfer of the algae into the Wall Unit for further growth and development, the algae will be inoculated into the large-scale commercial demonstration PBR system.
Tonight on CNBC: "BEYOND THE BARREL: THE RACE TO FUEL THE FUTURE"
8:00PM Eastern Time
Should be an interesting show...
The facts we do know about Shen...
Two of his three main functions from the start were:
1. Engineering
2. Building the monitoring Software for our PBR
We simply found better options with Seimens and RWE. Maybe there are hard feelings, maybe there's more to it.
BUT... if I was trying to run a company lean on expenses, there's no question I part ways with someone who is no longer a value to me. It's business.
Correct. That's the spot where the PBR is.
I'm hopeful that the hail is limited in southern California!
Know what you mean though - mother nature can be a nasty one. In that case, I'd almost worry more about the rest of the system as opposed to the tubes. But maybe they would get it the worst.
With cold weather aspirations as they have, I'm sure something has been thought of by BEHL on that front, but if not, I just hope they have insurance
Good point about contaminants having to work against the flow. Hadn't considered that.
No one on the board anyway. I'm sure our good friends at BEHL have it covered, but for sake of discussion.... I'd think they'd just be able to soak a tube/elbow in a solution for a period of time to remove contaminants.
I think they feel like durability of the tubes is covered bc of the 7-layers, but only time will tell on how often this becomes an issue. That will go a long way in determining how they address it. i.e. is it more cost effective to "soak the parts" before replacement or - if issues persist - buy some 14 layer tubing
This was early to mid-winter if I recall. I'll try to find it.
Yeah, I had wondered about that too...
One thing mentioned in a PR was that the tubes were "lightly" affixed to a four-wide sheet. I wouldn't be surprised if the problem tube was removed from the sheet, and replaced by a single tube.
The four-wide was to address the speed of install. Once tubes are laid out, there doesn't seem to be a need for the sheet anymore.
Thoughts?
That's fine. You win.
All I was saying was that IF they were in constant HARVEST mode, and they shut the pumps, tie off a tube, and bring in a replacement, the harvest would stop (yes, I understand that means they'd no longer be in harvest mode). BUT... production would not stop (algae will still be growing at the same rate).
They'd still extract the same amount of algae (minus a tubes worth), because once the pump is turned back on, whatever has built up will be harvested.
Harvesting stops momentarily. Production does not. And the same amount of algae will be extracted from the system either way (minus one tube worth).
Well, harvesting may be delayed as a result of tying them off, but the production would not stop. It's not like feeding parts into a machine and stopping the machine for maintenance.
The algae are doing all the work, and they won't stop multiplying while a new tube is being installed. Assuming they're in constant harvest mode, then the next harvest just becomes a small fraction larger.
Guessing they could shut the pump, and easily "tie off" the tubes on either side of the problem tube to do the replacement.
Having a shutoff in the elbows could be an option, but not worth the added expense given the number of elbows they are producing.
Welcome aboard.
You forget they're not just selling algae, their selling algae farms. In those cases you will most certainly see revenue BEFORE the farm is built.
It's a 200% gain, and well within reach in the short-term if you can prove that you have a low cost solution that works.
The Goodall announcement delivered a 100% gain form the .008's. A single signed contract could produce 200%, bc it would be confirmation of sorts on much of what we've been told for the past year - namely that the PBR is a commercially viable solution.
.027 would be a pretty safe bet for an investor at that point, at a market cap of only $27M. Especially in a potential boom industry.
cookboy, did you get an email back from BEHL today?
"Beyond the Barrel" will be discussing algae on some level. In one of the commercials there was a quick shot of something that looked like our "wall" unit - filled with algae.
It was NOT ours, so don't crap yourselves yet, but it was in the commercial so there will be some mention of it.
Set to air on CNBC Thursday 4/22 @ 8pm eastern / 5pm Pacific
Agreed. For this investment to be successful, we definitely don't need to be the leaders in the industry. However, I do think there are a couple areas where we could be.
We're sort of on the same page there. Using some of the same numbers anyway. PE ratio of 15 (very conservative). And assuming the entire 1 billion a/s.
But earnings are net income, not gross. And the omega 3 order is being split. So a $6M O3 order is presumably $3M gross, and I'd guess $1.5M net. That said, you're right about the farm investors ramping this thing up significantly. That more than anything will get things moving IMO - especially since it's an all-profit venture each time they build. Easy to be cash flow positive when you've set your business up the way Dennis has.
The other factors to EOY share price:
1. PPS projects 6 months out. Dennis said earning of $5M in 2010, and $25,000,000 in 2011. (Using #'s above, a PPS of .075 in 2010 to .375 in 2011). Could be anywhere in the middle by EOY if PPS is truly projecting forward.
2. Government Laws/Taxes/Incentives that boost algae fuel and/or carbon restrictions.
3. A major or mid-major partnership.
4. Contract with a nationally recognized company.
5. etc.
Banyon, interesting thoughts. I think the PPS is undervalued as well, but am trying myself to gauge a realistic PPS goal for EOY.
Would like to hear what you think would get us to .20 by then...
- How many millions in revenue?
- How many million in earnings?
- etc.
Appreciate the fact that you're not on one side of the argument all the time, so would be curious to hear where you're getting the estimate from, what you think is realistic, and why.
Thanks in advance.
beastie
With the apparent glut of longs on this board, this is a really informative article. Nice find, shark.
http://www.thestreet.com/story/10725448/1/how-an-uplisting-works.html
IMO numbers 4 and 5 will take the longest amount of time. From what we've heard from gofer, #6 is well underway.
Looks like good steady progress. At the halfway point, there's reason to be pleased.
At nearly the halfway point of our 90 day outlook (from the March 1st PR), here's the progress that has been made so far....
1. Website updates (done)
2. Complete new laboratory in SA (done)
3. Complete our 6500 sq ft version 3 PBR in Santa Ana (done)
7. Informing in detail our newly appointed CEO with all major future BioCentric objectives (In progress)
4. Complete exact same version, 6500 sq ft version 3 PBRs in SC
5. Assemble hard asset components to Lone Star College for a small 4300 sq ft PBRs and begin the assembly process
6. Locate and secure 150 + acres for multiple client farms at one California location
8. Completion of the $5M Capital raise
9. Complete Form 10 filing to OTC: BB requirements
10. Complete the sale of 3 inoculants reactors
11. Sell two continuous flow desktop reactors
12. Submit three provisional patents already proven by the company.
13. Hire an independent evaluator to ascertain today's perceived value on provisional patents already received by US Patent Office
LOL. Nice tactic. Try another board.
The Pig is in the tubes.
Hadn't seen that before, but you can see on the bio-cam that it's moving through - seemingly at a very slow rate. Not sure if that signals the entry of the algae into the system or not, but I've been watching this all day and is the first time I've seen it.
FYI, you may have to watch for 5-10 minutes if the pig is at the far end of the system. Is taking its time crawling through.
http://99.89.143.46:8081/CgiStart?page=Single&Language=0
lol. they are reading it. the title bar mis-spelling just got fixed as well.
Keep up the good work BEHL!
If they are, it's a great idea to soft launch it (without a PR).
No one is going sift through the content of the site more than the folks on this board.
I'd make sure you ...
1. Took the survey (maybe you didn't hit "submit?")
2. Are logged in to IHUB
If it's beyond that, not sure what to tell you. I clicked on the "survey" link to take the survey, and to view it. Working fine for me.
Survey Results
http://investorshub.advfn.com/boards/board_surveymenu.asp?board_id=12546
Click on "view results"
Not sure I agree with the "lots of time" assessment. An announcement of the purchase of the 150 land would take this back to the .012 to .014 range.
Announcing the first client purchase on the farm would break us through the .017 barrier IMO.
I personally think we're within 2 weeks of never seeing sub-pennies again. And wouldn't be surprised to see us move up and out for good this week either.
Time will tell...
Got it - thank you! #82530
Someone posted an email response from Monique Berry within the past week to a list of questions the poster sent in to BEHL. Have been looking for it for awhile now, but can't find it, and don't remember who posted it.
Anyone else remember who the poster was?
Going forward I'll be curious to see how BEHL is marketed to the media, new shareholders, investors, and clients. Dennis told me back in August that he was waiting for the new version (V3) to begin the aggressive marketing on those fronts.
I suspect we'll begin to see BEHL finding its way into more mainstream media articles, etc, in the next couple months.
No question. I think if Dennis has proven anything, it's that he does his best on behalf of the company. It hasn't always been smooth, but he has kept the company moving forward since day one. The Goodall move is the latest example.
Noticed that as well. Seems like a good opportunity to take advantage of - getting the money and the makers in the same room.
Interesting Event. Wonder if BEHL will be sending anyone to represent and make some more connections.
http://www.marketwire.com/press-release/Algal-Biomass-Organization-Announces-Algae-Finance-Summit-1145909.htm
Agreed. They're setting a foundation for building the business. I'll be curious to see if Comfort Systems is still in the mix. We'll need to have the multi-acre installation process locked down in fairly short order to allow Dennis and BG to sell the BIG contracts.
I think with Dennis' salesmanship and Dr. G's connections, we could gain serious momentum with many multi-acre contracts by year's end.
The demand is already there, and seemingly growing each day.
Woof, the cost has gone from $86,000/acre installed to "under $100,000/acre" based on comments from Dennis himself. My guess is most of the additional costs came from the Siemens system, and if so, are well worth it.
Based on the statements that investors are putting down $2 million each for ten acres (think this was in a PR?), it looks like somewhere around $200k an acre at retail. So, we'd be making 50% margin on our installs.
A good margin, but certainly well within range for a commercial-ready company at an industry's infant stages.