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Waitedg, why don't you back up your claims of Cal's so-called immoral behaviour with some evidence. His "failures", as you so kindly like to put them, were probably the result of hard work which didn't pan out as expected. Just because someone doesn't accomplish his goal on the first try does not mean his actions were immoral. Not only this, lessons can be learned and progress can be made...
"IF AT FIRST YOU DON'T SUCCEED, TRY, TRY AGAIN. Don't give up too easily; persistence pays off in the end. The proverb has been traced back to 'Teacher's Manual' (1840) by American educator Thomas H. Palmer and 'The Children of the New Forest' (1847) by English novelist Frederick Maryat (1792-1848). Originally a maxim used to encourage American schoolchildren to do their homework. Palmer (1782-1861) wrote in his 'Teacher's Manual': 'Tis a lesson you should heed, try, try again. If at first you don't succeed, try, try again.' The saying was popularized by Edward Hickson (1803-70) in his 'Moral Song' (1857) and is now applicable to any kind of activity." From "Random House Dictionary of Popular Proverbs and Sayings" by Gregory Y. Titelman (Random House, New York, 1996, Page 154).
I don't see the "pumping and dumping" the MMs have supposedly done when FASC issues a PR. The Brazil PR was an exception.
In the long-term I'm sure this quiet period won't change much one way or the other, and when we hear something, I'd like it to be good. But if sales have been made, it would be nice if this information was at least released on the website. Being kept completely in the dark is frustrating. That's all I will say about this matter.
Well Waitedg, you do what you feel is best. But next time to are going to paint someone as immoral, try to provide examples of this immoral behaviour. Compare Cal to a ton of penny stock CEOs out there, and he's a saint.
And, Waitedg, I truly find it odd that you expect shareholders to come out and say negative things about a company in which we are invested, particular when there are no glaring negatives. You point to the salaries Cal and Brian have owed to them. Well, here's the deal. If the company is a success, then they would have earned it. The company isn't a flop yet, we're not down to worrying about who, if anyone, gets the last million bucks...so why are you worried? What other glaring negatives are there? The dilution has been minimal when you compare it to many, many other penny stocks. The progress has been slow, but it's hard to dispute that at least a semi-respectable effort has been put forth by management to commercialize the technology on a shoe-string budget. Prince George, Brazil, MnVAP, Malaysia, the list goes on....what is to happen to these things, if anything? That is the million dollar question, pardon the pun.
Net-Man, FWIW, I agree with your post. But if you're waiting for Waitedog to pass your message along, you may be waiting a long time. It'd be my guess he's just trying to look "fair and balanced" while subley planting his seeds of doubt.
But hey, maybe I got Waitedog all wrong. But he "has me on ignore" so I won't bother apologizing.
Waitedg, do you know what "going private" means? If so, do you throw out scenarios like this for any reasons other than scare tactics?
Weren't you throwing the phrase R/S around in the summer? Shame on you!
RadMax Technologies website:
www.radmaxtech.com
The RadMax HERE technology is new to investors.
The AGES info in the IBOX might as well be removed.
Cool miningguy, hopefully you or someone else can find out the specifics related to Brazil, and other ongoing projects. I feel like we're being kept in the dark here...if there's progress I want to hear about it, and not have to wait around for each 10Q...not when we haven't heard anything since last November at least.
miningguy, did you ask Peter what's going on with/in Brazil?
Brazil Ethanol Industry Goes Green for the Money
--------------------------------------------------------------------------------
Mail this story to a friend | Printer friendly version
BRAZIL: July 6, 2007
SAO PAULO - Brazil's ethanol industry is cutting out the dirty habits that contribute to global warming and environmental degradation. But it's not just a noble effort -- it makes good financial sense, too.
Billionaire George Soros, who is investing hundreds of millions of dollars in Brazilian ethanol production, is in the forefront of the effort.
"If ignored, global warming can destroy civilization," Soros said at an Ethanol Summit in Brazil last month.
Brazilian ethanol mills have taken steps to break with traditional practices that call into doubt the environmental benefits of biofuel production from sugar cane over gasoline or other biofuel production, such as US ethanol from corn.
The burning of cane fields is a prime example.
Roughly 70 percent of Brazil's 6-million-hectare (15-million-acre) sugar cane crop is still manually harvested. This requires fields to be burned to clear the dense, serrated leaves of the plant before cutters can gain efficient access to the stalks.
Sao Paulo Governor Jose Serra estimated cane burning in 2006 in his state, which accounts for 65 percent of Brazil's cane crop, spewed 750,000 tonnes of pollution into the air.
Although the cane industry had pledged to move from manual cutting to mechanized harvesting, the roughly 15 percent annual expansion in the cane crop with the boom in ethanol demand has resulted in an actual increase in burning.
Burning rates are up 20 percent from a year ago at this time in Sao Paulo, according to the latest satellite data from the National Space Studies Institute.
BURNING BANS
For the first time in history, Sao Paulo's environment secretary issued bans on burning for short periods in 2006 due to respiratory health risks.
Mechanized harvester sales soared after the burning bans.
Mills have only so much time to cut in the dry season, before the spring rains, which start around October, make harvesting unprofitable. And there is a lot more cane to cut these days.
Were it not for this additional financial risk for mills posed by the burning bans, the industry likely would not have signed an agreement with Serra in June to quicken the phase-out of burning.
Under the accord, 88 percent of Sao Paulo's cane area will end burning by 2014 and the remaining 12 percent, or 440,000 hectares (1.09 million acres) in slightly hilly areas, will stop by 2017, well before the previously scheduled target of 2031.
The burning of brush, forest and agricultural lands makes Brazil one of the leading emitters of greenhouse gasses, after the United States and China, even though it is also a leading carbon credit earner, along with China and India, according to Intergovernmental Panel on Climate Change data.
When asked why the cane industry has not ended burning, the previous head of Brazil's Cane Industry Association, Eduardo Peirera de Carvalho, admitted that burning had to be phased out for health reasons but not environmental ones.
"This argument about carbon emissions is a misconception. Whether we burn the leaves in the field, or leave them on the ground to decay, or burn them for electricity in cogeneration power plants, it all produces CO2," he said, referring to carbon dioxide gas.
ETHANOL'S DIRTY PAST
Mills used to install the most inefficient furnaces they could find in their cogeneration thermal electric plants, which power the mills using bagasse, or leftover cane, as fuel.
"They did this to burn as much bagasse as possible, rather than having it sit around and having to pay for its removal and disposal," energy analyst Mario Veiga Pereira said. "Now, these mills are getting rich off the energy they are selling back to the community from bagasse bioenergy."
Mills now see the huge quantities of bagasse they produce as a major source of income, whether for energy generation or as cellulosic feedstock for additional ethanol output.
Story by Reese Ewing
REUTERS NEWS SERVICE
http://www.planetark.com/dailynewsstory.cfm/newsid/42975/newsDate/6-Jul-2007/story.htm
RJ, if you care to provide me with your e-mail address, I will be happy to answer for you your question.
Or better yet TR, PM me your e-mail addy.
TR, I got your PM, unfortunately my poor self doesn't have an I-Hub memebership and I can't reply back to you. Feel free to e-mail me at sleepin_easy@lycos.com.
Thanks harley, if we're ever at an FASC shareholders meeting I got your back.
I never bothered to mention it was them or me. I guess it's them. Aloha.
Charlie, regarding Seoul, it was the shareholders of the water treatment plant in Korea which are having the problems. I wish I knew exactly what the problem was but Cal didn't seem to want to get too specific.
RJ,
When I was talking about 2 of the 3 down in Brazil, I was talking about the partners. There were 3 South American companies who comprised the proposed JV.
I spoke with Cal today. I left a message with who I think was John, and he said he'd get someone to call me back. Cal called me, said Brian was busy so someone called him to tell him to call me. This was the first time my phone call has been returned, hopefully this signals the start of some interesting things for us shareholders.
TR, I asked about New Environmental Solutions, Inc. Cal asked me if it was Abbotsford Biomass (or something like that) and I said I didn't think so. I gave Cal the website and he looked it up while on the phone with me. He said he was not aware of this relationship, and thanked me. He said John (new V.P. of sales) probably arranged the deal, and that Brian probably knew about it. I asked if any KDS machine sold for 500K, he said no, half that. However, since the Answer Garden Products subsidiary of NESI is in Abbotsford, maybe he was aware of this relationship under a different name.
Charlie, I asked about Brazil, he said 2 of the 3 parties backed out because of a lack of money, but they were working with a new prospective partner who was a lawyer. (I assume he threw that in to suggest he has cash.) I asked about FASC building machines to 80% completion, he got into talking about how electrics were different in different countries so sometimes they are not fully built, or something like that. He then went on to talk about how certain prospective buyers want to built one part or another of the machine themselves but FASC is reluctant to agree to that because they'd have a hard time guarenteeing the machine. I'm not really sure if he understood the question but there's the answer I was provided (as best as I can recall.)
I asked about the U of T project. Cal said he hasn't heard from them in about 5 months or so and says Sundar doesn't talk about it much. I asked under what circumstances would FASC be awarded technology rights and he said only if they used the KDS machine would FASC stand to gain. Cal added he was completely opposed to parting with the technology.
I asked about Seoul, he said there was internal problems with the shareholders over there, he said testing was intermittent. He mentioned something about them fighting over the idea instead of wanting to wash their hands of it.
Regarding Prince George, the city won't buy the machines until FASC can prove they can increase throughput. He said they used an old S-4 to do the testing, and he wants to borrow money to install a new S-8 machine in a new testing facility so they can unequivocally prove to municipalities the Micronex is capable of producing a Class A Biosolids.
He said the Malaysian JV is alive and well and they are currently working on micronizing empty fruit bunches (which hold dates) to produce pellets, for delivery either to China or Italy, depending on the economics. He also mentioned how optimistic he was for the KDS Micronex to convert bagesse into pellets. He said Europe is buying up as many pellets as they can, and are paying 290 dollars per _________. (I forget what he said but I believe it would be ton.) He said they have bought all they can from Canada into 2009.
I mentioned to Cal I hope we shareholders see a PR soon, Cal said he doesn't want to PR fluff, nor does he want to be premature with unsigned JVs like with the Brazil deal. He too mentioned to me (as he did with RJ) that a PR costs $1500. He went on to say he understand how one can feel the pressure with a low PPS, and that he feels it too, having as many shares as he does. But he said he wants to grow the PPS built on strong fundamentals that includes earning per share, and he hopes to start achieving this come the new year.
Sleepin'
TR, at the top of the IBOX it says Stockquote: and has the defunct PCQuote link. Maybe you could remove that and put the big charts link there? Thanks.
TR, regarding the IBOX...
The stock quote link is dead. I would recommend using a quote service other than PCQuote because PCQuote doesn't do decimals beyond a penny. Bigcharts has a nice looking detailed quote.
http://bigcharts.marketwatch.com/quickchart/qsymbinfo.asp?sid=16227&time=8&freq=1&symb=f...
Aesthetically speaking I'm not real fond of Big Charts' charts, so hopefully you can get the StockCharts chart to work.
Tech, thanks. eom
Tech, did you hear why David left? eom
Nope, neither did. Neither ever has. Not that I really minded, I slept until 3:30 today (EST).
Nice in-depth study.
I wouldn't say we hit a home run but it looks like a triple with less than 2 outs to me. I was glad to see the recommendation of a pelletizer as a consideration. One of my biggest hopes is this can be more than a Class A fertilizer producer but can also create alternative energy feedstock.
Board/RJ
Board, I have left a message on Brians Nicholls' answering machine and if anyone has any questions they'd like me to ask him, please post it.
RJ, thanks for the reply. Did Cal specifically mention anything above and beyond Prince George?
RJ, could you share more details of your conversation? Thanks in advance.
July 4 5:55 am
Rotary engine comes full circle
Spokane company has big plans for new version
On the Web
For more information, visit www.regtech.com
Parker Howell
Staff writer
May 1, 2007
Longer-range unmanned military aircraft.
More fuel-efficient hybrid electric vehicles.
Smaller and lighter car air conditioners.
A fledging Spokane-based company foresees a variety of potential applications for a next-generation engine technology it wants to license for use in machines worldwide – if it can demonstrate that its ideas work in their entirety.
Using patents and inventions dating to the late 1980s, REGI U.S. Inc. recently began developing and marketing its rotary-power technology for pumps, compressors and engines. The company boasts that its RadMax rotary engines – which would create power using a spinning rotor between two curved cams, rather than the pistons of a traditional engine – could run on a variety of fuels and offer more power for less weight than piston engines.
REGI U.S., which has a one-man office at the Spokane technology business incubator Sirti, submitted a proposal to the U.S. Navy for a low-horsepower, lightweight external combustion engine for use in unmanned aerial vehicles. Company leaders hope to find out this week whether they will be selected to submit a 60-page white paper, the next phase of the proposal .
The company has a $10 million line of credit from a New York investment banker, and the business magazine Forbes featured REGI U.S.'s take on rotary engines in a recent issue.
But REGI U.S. lacks a working engine prototype.
A functional version of its pump may be ready by the end of May, and an engine prototype might follow as early as next spring, if the company can overcome remaining technical hurdles, said Bob Grisar, vice president of engineering.
"2007 is really our year to bring this forward," Lynn Petersen, vice president of marketing for REGI U.S., told the Sirti Board of Directors at a recent meeting. "This is the year that will make or break us."
Until the company has a model that demonstrates sustained combustion, some industry insiders may remain skeptical.
"With the technology that's been patented for 10 years and hasn't run yet, I think that speaks for itself," said Rex Reum, vice president and general manager of Jetseal Inc., a Spokane company that makes metal seals for the aerospace and automotive industries.
REGI U.S. designs are "a difficult thing to engineer," he said.
A new type of engine
An Oregon corporation formed in the mid-1990s, REGI U.S. is the U.S. subsidiary Reg Technologies Inc., a Canadian company with the worldwide RadMax patent rights. REGI U.S., set up as a "virtual company" with geographically separated offices, employs nine, including Petersen.
Both companies are publicly traded. REGI U.S. shares closed at $1.45 on Monday.
Petersen, former head of marketing for Jetseal, set up his office at Sirti after leaving Jetseal in November for REGI U.S.
Radmax Technologies Inc., a Washington subsidiary, formed recently to avoid U.S. military restrictions on international companies involved with sensitive technology, Petersen told the board.
Page 2 of 3
Many people associate rotary engines with the Wankel engine, which German engineer Felix Wankel designed in the 1950s. Found in Mazda's RX-7, the Wankel uses a triangular rotor to compress and ignite gas inside an ovular chamber. It involves fewer moving parts than a traditional, four-stroke piston engines found in cars, and it can be more powerful than comparable piston engines.
The Wankel, however, had fuel-efficiency, exhaust and seal problems –issues REGI U.S. leaders said they learned from and improved upon.
"I think they have an incredible technology," said John Overby, who counsels and coaches business as client services director for Sirti. "It is revolutionary. It's not a Wankel engine. It's got way more applications that a Wankel engine."
The RadMax engine would be 50 percent lighter and two to three times more powerful than a Wankel, Petersen said.
It would have only two unique moving parts – vanes and the rotor – and would provide 24 combustion events or 48 pumping or compression events per revolution, according to REGI U.S.
It would deliver approximately one horsepower per pound of engine weight, Petersen said.
Engines could be configured to run on heavy fuels, such as diesel and jet fuel. If an ignition system is added, it would run fuels such as ethanol, natural gas and propane.
"It's a very versatile engine," Petersen said.
For the internal combustion engine, as many as 12 vanes would slide up and down through the rotor like horses on a carousel. Chambers of varying volumes would form between both sides of the rotor and the vanes and cams, allowing intake, compression, ignition and exhaust.
One preliminary engine prototype provides 42 horsepower and measures about six inches in diameter by six inches wide, according to REGI U.S.
The RadMax engine would reduce noise by eliminating pistons, valves and other piston-engine parts.
Royalties, not manufacturing
REGI U.S. wants to license its technology to manufacturers for a variety of uses, earning royalties.
"There are companies already all over the world that already make engines," Petersen said. "To us, it's a much safer model and much less expensive if we make them partners rather than competitors in making these devices."
While unusual for companies to make large percentages of their revenue from licenses, "You can make money licensing if you have something that's really revolutionary and patented properly," Overby said.
With so many potential applications for RadMax technology, Overby said, REGI U.S.'s challenge will be going after "low-hanging fruit" – uses that will show the technology works. As an "early adopter" of technology, the military provides one such target.
"I would believe it would work today in pumps and probably in compressors," but engines requires more experimentation, Overby said.
"They've got a sexy idea here," Overby said. "If they wanted to just go out and raise money, I think the floodgates would open."
Potential applications
Page 3 of 3
The military wants a low-horsepower UAV engine, and the efficiency of RadMax engines decreases for smaller models. So the company is considering an external combustion engine that functions more like a jet engine.
"Unmanned aerial vehicles are a big part of our national defense now," and smaller engines and more ability to hold fuel mean they can stay aloft longer, Petersen said.
Electric cars using RadMax could function as chargers, increasing fuel economy and reducing reliance on toxic batteries, Grisar said.
But RadMax engines won't be showing up in everyday cars soon, Petersen said, because the company doesn't want to take on giants like Honda, which have amortized billions of dollars of spending on development of traditional engines over decades.
"Wherever weight or size is at a premium, this has a niche market," Grisar said.
http://www.spokesmanreview.com/business/story.asp?ID=187321
I spoke to Arnie (investor relations) today
He said they've been inundated with calls asking for information packages by Forbes magazine readers. When I called the phone was ringing off the hook.
He said the U.S. subsidiary was created because it's easier, regulatory wise, to submit proposals for funding when there are no alien directors of a company, which REGI U S has. He said the new subsidiary should be submitting proposals shortly.
Pump prototype is still scheduled for completion at the end of the month.
OT: Time & Sales for NWVM
0.20 130 OTO 15:58:44
0.35 130 OTO 15:58:44
0.90 200 OTO 15:55:04
0.88 1250 OTO 15:55:04
0.90 550 OTO 15:55:04
1.00 2000 OTO 15:55:04
0.85 150 OTO 15:28:50
0.88 650 OTO 15:28:50
1.00 800 OTO 15:28:50
0.30 105 OTO 15:03:58
0.20 105 OTO 15:03:58
0.30 1300 OTO 14:58:11
0.50 1000 OTO 14:58:11
0.70 1000 OTO 14:58:11
0.50 200 OTO 14:58:11
0.20 3500 OTO 14:58:11
0.88 100 OTO 14:37:28
0.95 100 OTO 14:37:28
1.04 2500 OTO 14:37:21
1.00 2100 OTO 14:37:00
1.00 1000 OTO 14:36:48
0.92 1000 OTO 13:33:37
1.05 400 OTO 09:35:18
0.94 500 OTO 09:32:52
1.05 500 OTO 09:32:52
0.80 1000 OTO 09:31:12
1.05 1000 OTO 09:31:07
0.20 175 OTO 09:30:11
Charlie, I read what you said at the real FASC board on RB and as far as the address goes, there is a Steven Devito Jr. Trucking Company at 89 Lowell Rd.
The number on the website was for the 87 address you mentioned. I called the number, they answered the phone Devito Trucking but when I said I was looking for New Environmental Solutions she said 'hmm' and asked if she could put me on hold, then came back and asked for my name and number and said someone would call me.
I said I am a prospective investor (which I guess I sort of am) but them answering the phone "Devito trucking" leaves something to be desired.
Address:
Not Available
Phone: 603-890-0317
Fax: 603-890-6957
Business Description:
Waste Disposal
Primary State of Incorporation: Washington
Country of Incorporation: USA
Year of Incorporation 1996
Officers:
Steven Devito, President/Dir.; Dean Themy, Secretary/Dir.
Fiscal Year End: December 31
Outstanding Shares: 36,711,542 as of 2006-11-30
Estimated Market Cap: Not Available
Authorized Shares: 100,000,000 as of 2006-11-30
Current Capital Change:
shs increased by 2 for 1 split. Payable upon surrender
Ex-Date: 2006-10-16
Record Date:
Pay Date:
Dividends:
Company Notes:
Note=7-20-99 Jurisdiction of Incorporation British Columbia changed to Nevada
Formerly=Nutri Source Industries, Inc. until 1-05. State of incorporation Nevada changed to Washington concurrent with name change
Formerly=Newmark Mining Corp. until 9-06
Class Notes:
Capital Change=shs decreased by 1 for 100 split. Effective date=1-31-05
Capital Change=shs decreased by 1 for 250 split. Pay date=09/22/2006.
Transfer Agent:
National Stock Transfer, Inc., Salt Lake City, UT 84105-2425
71 approx, sold at bid last 5 minutes. MMs are not going to get any shares down here.
The nice thing is, no one is going to sell here. And if they do, then they must need the cash badly. Even worse than me. Because a funded UPS loan is 3 cents base minimum. Anything else (including pre-purchase or private placement with targets to buy out Alembic) and it's at least 4.5 cents a share. Both of those and we are looking at 6 cents. So expect buying under 3 cents, because UPS is a sure thing, IMO.
shane nice call on waiting until today to buy. i hope it doesn't go to .027 but if it does, nice call again.
What's b.s. about it? If it wasn't for MXMN this stock would have been quoted a bid of under 3 cents for a lot of today.
So are you saying you think a R/S is coming?
Well I sure was wrong about today's trading. I thought some buying would come in at 3 cents. The ask is now at .031 but it sure isn't because buying moved it up there.
Whne they PRed the signatures were in place and funding was imminent, no one was waiting for final confirmation via a PR that the money was actually received. Hence, today's news is non-news.
Non-news is never good news. eom
It could be any MM at .03, the buying has been really slow the past couple hours.