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Comeon, hasn't the guy in the wifebeaters shirt debunked all that "EPA testing" BS. This company gets a free pass and goes to the head of the line. LOL
From the Virent website:
"Virent was founded in 2002 by Dr. Randy Cortright and Dr. Jim Dumesic to commercialize the Aqueous Phase Reforming (APR) process, an innovative technology the two invented and patented while at the University of Wisconsin-Madison. Although early research focused on generating hydrogen from sugar, as originally published in the journal Nature in 2002, the technology has since further evolved into the BioForming™ process, which enables the production of renewable liquid fuels, fuel gases, and other chemicals."
I wonder if these guys are real Dr.'s or if they got there doctorates from the DR (pun intended), oh, and there's that patent thingy they got. Wonder if they know about a guy in Baytown trying to ride their bandwagon, or even care? LOL
Of course this is how REAL companies do it (ever wonder where the CEO gets his scripts):
http://www.chron.com/disp/story.mpl/business/5652001.html
Here's why:
Texas requires a 90 day notice of public hearing (see TCEQ website), for example, at a public hearing someone could bring pictures of them filling in wetlands and ask the hearing board why a rouge outfit should be awarded a permit.
Go to the TCEQ website and get educated or better yet call them.
I'll let you be the judge: in order to offer fuel for sale it has to be comercially produced, now knowing although this person (CEO) has said repeatedly that sales will be emanate for almost 18 months, yet he has never ever applied for permitting in either venue he has operated. Permitting is an arduous task that is both expensive and time consuming (12-18 months in Texas), so now answer your own question about revenues or the prospects for revenues. Until this guy grows up and joins the real world of mature American industrialists and wants to proceed in a businesslike manner it will remain the brunt of jokes and message board banter. As Mr. Market says on this one, "it ain't even close". LOL
May 1st will have come and gone and never had a chance (not even a required Notice of Public Hearing announcement), commerical production without permitting was just folly. But not to worry, JetBoy is setting up the gameboard for a new round of Pictionary to begin next week and should supply oodles of red meat for the fatal faithful longs to chew on for a few days. LOL
You might say NO, but history says YES.
Maybe the guy is from TCEQ and it's the long awaited permit applications because everyone knows without them there is no potential for commercial production. If so, now the 12-18 month begins for approval, keep your fingers crossed.
Still true....(from an earlier post):
Next feedstock up for testing, fungus/fungi (adequate supply already inhouse) immediately followed by male bovine waste (also so plentiful that hip boots are issued to all employees).
No, he wants people to join him in "pumping" (his own words) the stock, not the company. I think a light has gone on in sone of their heads when they think, what is there to sell, except of course, stock. It's really kind of funny that he is the one to shed light on the fact that, "the emperor has no clothes", and it ain't a pretty sight. LOL
Does he ever give any insight into how operations are going? Ad sales, subscription sales or rack sales?
You know what they say, "easy come, easy go". If you guys only knew how cheap payola is in the banana republic's. Look's like El Presidente is double dipping, imagine that. LOL
I assume nothing and with this company, as you will learn, assuming anything is dangerous and detrimental to your pocketbook.
Read your reply again and tell me who's doing the assuming, I was only relating what the PR states.
It's really funny how people read into a PR what they want it to say, but after the blah, blah, blah, MOU and implied relationship with a legitimate company it merely states:
1. There is a joint venture agreement with a local dealer to produce whatever.
2. But here is the meat, ""In Phase One, Sustainable Power will install, and train in the operation of, 20 bio crude reactors. SSTP will most likely start with a well known feedstock that grows fast and easy in Haiti named Jatropha, then will ultimately use other feedstocks including Algae. HayTrac will remain 10% owner of the Joint Venture for all endeavors in Haiti.""
As it clearly states SSTP will install the 20 reactors and the local dealer will only charge them 10% (if any profits) for the right to do so.
So the next logical question would be who is going to put up the money for this? Answer, BUY, BUY, BUY. LOL
Hmmm....isn't Enron's leadership either dead or in jail....hmmmmm
Thank you. You're right about one thing permits are expensive, MDEQ says average expense $25k, TCEQ 100K-?, kind of from the frying pan into the fire. It is nice to know that an engineer has brought the fact that near term product sales is pure folly.
BTW, great investment advice and I am sure some have taken it and lowered their % loss down from 90+%, however there's that pesky increase in $ loss they have to contend with.
Thanks but you did not answer my question, then you wrote:
""until we see contracts, or revenues of any kind, or atleast some product sitting in storage containers ready to ship on a purchase order,""
As an engineer would you tell the board which companies refining volatile fuels in America escape the permitting process. But, more importantly why would a company claiming imminent sales not even apply, knowing the application process will take 12-18 months from inception?
So what good are contracts or product sitting in storage tanks? However, "revenues of any kind", are being prodeced, from stock sales not product.
Since you didn't want to answer this morning how about now? That is, if you're still an engineer.
"As an engineer I'm curious at what stage of develpoment would your boss come to you and say we need to make application for facility permitting so work on a submission. And how you, as the project engineer, would feel if management is telling people that production is starting in 6-8 weeks or 72 hours or the first week of the year or any other timeline while you are still "tweaking" the design and haven't even made application for permitting. Or here's a good one, management was rebuked by the head of a government agency for lying about being visited by said agency and concluded "don't need no stinkin' permits. As I said, just curious."
Yes, the CEO.
Has anyone seen this, follow the links, really "hillaryous", did anyone know of the Clinton connection?
http://www1.investorvillage.com/smbd.asp?mb=6776&mn=8432&pt=msg&mid=3941010
As an engineer I'm curious at what stage of develpoment would your boss come to you and say we need to make application for facility permitting so work on a submission. And how you, as the project engineer, would feel if management is telling people that production is starting in 6-8 weeks or 72 hours or the first week of the year or any other timeline while you are still "tweaking" the design and haven't even made application for permitting. Or here's a good one, management was rebuked by the head of a government agency for lying about being visited by said agency and concluded "don't need no stinkin' permits. As I said, just curious.
Next feedstock up for testing, fungus/fungi (adequate supply already inhouse) immediately followed by male bovine waste (also so plentiful that hip boots are issued to all employees).
That really doesn't answer the question, who said because the are producing "crude" or whatever they don't need permitting? Fact is, a simple call to TCEQ would enlighten even you to that folly. But hey you're green on today's purchase right? Yeah right. LOL
Inbdisputable fact:
No permitting, no production. Period end of story. Get permitting and you can produce barrels not buckets.
"THE REACTORS ARE GOING TO BE PRODUCING BIOCRUDE AND THE BIOCRUDE CAN BE SOLD NOW. IT DOES NOT NEED 12-18 MONTHS FOR PERMITS BECAUSE IT IS NOT A REFINED PRODUCT IT IS CRUDE."
And that information is from.....?....it will cetainly be news to TCEQ.
You must have written that after the light bulb went off in your head...hope the damage isn't permanent.
"Why would they build a huge facility and be manufacturing reactors if they were not planning on producing."
If you know facility permitting takes 12-18 months minimum why wouldn't you start the process 15 months ago when you said at that time, "production 6-8 weeks away?
The difference is that future reports will reflect operating revenues/expenses, not start up, big difference. Steve is to be commended for his ability to do what he said he would do, now we get to see if can produce what he said he can produce. GLTA
In a start up the number of outstanding shares is rarely static, they don't get to walk into BAC and borrow working capital, (BAC is too busy making sub-prime). The question going foward is, and will be, how the revenue streams will offset expenses (at this point aka dilution). The best part is you get to see this in the form of quarterly's, and can make more than an educated guess in your investment decision.
You are absolutely correct, what you are referring to are the fundamentals, which is what will move the stock now. With all the hoopla of uplisting over, the company will have to stand on what all reporting companies do, that is, their numbers. Those numbers will allow you to guage how much, if any, dilution will be required or if the company will sink or swim. I am not saying there is no room for "hype spikes", every penny has them, but they will not be as high and as frequent as the past, evidence(?) look at what just happened. GLTA
Interesting, I tried to contact them twice, with no return call. My son lives in Dallas and we are planning a pre Christmas trip and I wanted to put this company on a list of several in the Dallas/FW area to visit. The receptionist had a very heavy accent so I felt obligated to call twice to see if she got my information right, as of now I am thankful for their lack of courtesy.
Always good to look before you leap.
If anyone likes "black box" pennies, my favorite, NNPP is trying to move.
"USSE/SSTP needs some credibility."
Good luck with that.
Did you do any research on CMR software? What makes this product proprietary? Has anyone talked to any of the dealers using this product and why was the testimonial by jgraves removed from the Ibox?
One thing I do before getting involved with any penny or BB stock is to contact the company to gather or confirm information. Since my wife is employed by a major airline I can fly almost anywhere for $25 r/t if really interested to spend as little as 15-30 minutes at the company. I tried to contact this company twice, no return calls (supposedly someone named Jamie or Janie) a senior marketing specialist was to return my call, never has. If you're playing momentium swings all this means nothing, but if you are interested as an investment you might consider some of these things. GLTA
Yeah, Vegas puts OU as a 3 pt fav at #9 playing #1, go figure. If only Bradford had a harder head. LOL
I think the reality that this company has to leap over PEP in court to get to the big numbers has come home to roost. I like the company and product but can wait to see how this plays out, my guess is more pain before gain. As Mr. Market says, "if the pump don't make it jump, it's time to dump", and Mr. Market never lies. LOL
It's difficult to measure but FRPT comes to mind when they upped from BB to the Nasdaq, you can check price history for what it meant. One of the most important reasons for uplisting for investors is that it offers visiablity and a sense of confirmation unavailable as a non reporting company. It will be interesting here because the CEO has offered that visiability and access to everyone already, so what effect, if any, will be interesting.
The most important thing will be confirmation of numbers only eluded to up to now, therein lies the proof as to how much dilution will be necessary until revenues match expenses, and that will determine whether investors want to roll the dice and the price regains some of it's value. Just remember, when playing pennies, it's best to buy direction not price. GLTA
Sorry, thumbed through the latest issue while waiting at LAX and counted approximately 20 ad pages, excluding what might be potential revenue from the companies listed in a feature article about gifts. Now pick up a comparable publication and count their ad pages, I quit counting at 56, that probably explains current share price. No bash just an observation. GLTA
Thumbed through
Why would they do that as long as the printer's working?
A picture of how REAL companies operate:
http://www.chron.com/disp/story.mpl/chronicle/5306524.html
About a month ago when everyone was hoisting the Amspec banner and waving it wildly proclaiming authenticity, I asked the following:
""Posted by: ezmony
In reply to: copleybmt who wrote msg# 54991 Date:10/12/2007 1:23:15 PM
Post #of 56165
Has anyone ever called the highly touted Am Spec Svcs and asked if their published test results are from an homogeneous sample of the product? If not what percent of the 4-5.5 gal "juice" produced the results, the reason for the question is obvious.
I would also ask if the "sample" was tested virgin (without any processing) and what the heck is a "full chain of custody", and describe a partial cod.""
Shortly after someone posted that the usually accessible Neil Boone would not answer questions about USSE product testing and referred them to Redwood for answers. Now referring people to Redwood for analytical data would be akin to your dentist referring you to RIG for a root canal.
But, at least the pattern is consistant, the company puts out news and the share price does nothing or tanks, proving, "it's not nice to try and fool Mr. Market", this companies most prolific basher. LOL