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If you file an extension, you can wait until october to pay those taxes. you get dinged with interest during that time, but it's just like any other gamble on the stock market. if you think the stock will be significantly higher in sept/oct, may be worth paying interest on the taxes, too. as long as your money is working for you during that time.
i liquidated my 401k last year to buy BEHL, so i have taxes, interest, 401k penalties to deal with, but i way surpassed my break even last summer it and it's worked out so far. sometime between summer and fall this year, i'll sell enough to cover taxes and be riding virtually free shares after that.
not saying it's the best idea (some might call it the worst), but it is AN idea. and it's worked for me so far...
good luck to you either way.
and GO BEHL!
Thought the name sounded familiar. You're right.
So, to those who doubted Dennis was doing the necessary work behind the scenes and running off with our money... "stick it up your assets!"
Congrats to those who held strong - this is going to be a VERY good year for us.
It also makes you more money when the stock begins to rise again
Very good day all. Congrats to those who added more in the .008's and .009's! I don't think we'll be sub-penny for too much longer.
Nothing like a little green on St. Patty's Day.
This is going to be a VERY good year
For those who didn't see Dr. Brian Goodall's profile on the Sapphire Energy website, below is google's cached version. You can google "Dr. Brian Goodall" and rather than clicking on the normal sapphireenergy.com link, click on the link that says "cached." Google saves a copy of each web page it scans, so this is a snap shot from sapphire's site on 2/24.
The page won't there once google crawls sapphire's site again, so check it out now:
http://74.125.93.132/search?q=cache:oktBM7y1Kc4J:sapphireenergy.com/executiveteam+dr.+brian+goodall&cd=9&hl=en&ct=clnk&gl=us
Let's keep this real...
First, Dennis said on the Q4 2009 Conference Call that it was not one order, but several orders adding up to $6M.
Second, the two sentences in the PR are referring to two different entities. One is Barry Cohen, the other is the first Omega 3 client.
Each entity he thanked in the PR got one sentence. BECO, Zenxin, Algae Ventures, Barry Cohen, first Omega 3 client, and Siemens.
great DD phloyd. thanks for bringing it to the board.
They've built a demonstration facility, doesn't say the PBR is even built yet. Based on Dennis' email, it sounds like there will be at least two PBRs that they demonstrate (likely several more than that I'm sure).
"The Woodlands, TX, United States, 03/11/2010 - National Algae Association is pleased to announce that construction has been completed on a commercial-scale photobioreactor (PBR) demonstration facility."
As for the intent... I think they want to to prove this technology is commercially viable. It's the mission statement of the NAA...to promote algae as a commercially viable solution on all fronts. Lone Star wants to be the educational institution associated with this emerging technology for obvious reasons - it could put their college on the map in algae research/technology.
Well, a lot of those past forward looking statements have come to fruition. The problem I have with some on this board is that they'll ignore the fact that the harvester is complete, the inoculator is complete, we've secured a location, we've hired a phycologist, we've launched the JV, obtained all the parts for the PBRs, etc, etc, etc...
These are all things that need to be in place to sell the big ticket items. And ... ALL, at one time, were forward looking statements.
If you don't trust that all this is going somewhere, you're obviously entitled to that opinion. But after all this progress, I've never been more comfortable with my investment.
And greenman, got your message. Yes, I still have them all.
Good luck to all.
That video right there shows how far we've come in the 9 months since we signed the first lease in SJC.
Thanks for posting greenman.
good way to start the day :)
Great article.
Nice to see that we're being mentioned as an industry leader with Sapphire, et al...
http://issuu.com/oeronline/docs/ogr_jan_feb_2010
Exactly. And with so little debt, we really have a shot at being profitable in the short-term as Dennis has stated. That more than anything will bring in serious investors/clients/partners.
Most algae companies are in bio-fuel, and are geared towards spending capital to build out a facility of production, refinement, or both. The fact that we're building the inexpensive PBR, and can either sell it, or use it ourselves makes us 1) extremely versatile, and 2) able to grow so much faster than the competition - for less money, based on partnerships and JVs.
It's really a brilliant model for growth. It requires less capital, and takes revenues from several different areas, making it more stable than the competition right from the start.
Much to look forward to this year...
Question....
Dennis Fisher mentioned in an interview awhile back that he's got a standing order to produce as much Spirulina as he can at $8000 a metric ton (2200 lbs). And that 1 acre produces .2 tons of algae per acre, per day.
A 1 Acre PBR...
$8000 x .2 = $1600 a day in revenue ($584,000 year)
150 acre farm = $87,600,000.00/year in algae revenues alone. Not including equipment, etc.
The 150-acres sounds like a lot of mini joint ventures, but when it's all said and done, $87,600,000.00 is a pretty big pie to have a slice of - especially considering equipment sales, etc. Will be interested to hear more on that front.
Question is... Did anyone else do the math on this? And if so, what sort of numbers did you come up with?
I know spirulina is not the MOST profitable strain, but unless my math is off, it's looking pretty good to me.
Welcome Oz! Top reason(s) for me are these:
1. BEHL goes from development company to production company THIS MONTH on their major product (Photobioreactor - aka "PBR").
2. The nearly limitless potential of the algae industry.
3. BEHL has VERY little debt compared to its competitors.
4. BEHL's goal is to be profitable by end of 2nd quarter (seems within reach given the low amount of debt).
5. Their PBR is 1/4 the cost of it's competitors. Barry Cohen - Head of the National Algae Association called BEHL, the Walmart of the algae industry, based on cost comparisons with their competitors.
6. They have been very transparent, and forthcoming with information/updates, filings, etc.
7. They're uplisting to OTCBB this year.
8. They aim to make money in several different ways:
a. equipment sales
b. system monitoring fee
c. algae sales
d. selling licenses to Resellers
...there's more (truly - see the PR last week about the 150-acre project), but I hear the national anthem playing. Gotta catch the game!
FYI... I've been in this since last spring, haven't sold yet, and consider it a very worthwhile long-term play.
GLTY!
Colworth, where did you hear that staff pictures were taken? Didn't see that anywhere...
Haven't seen that yet. Great post Skiz!
Ray, that doesn't even include the dollars from the original cast who got out on the run last July.
There's literally MILLIONS of dollars from a group of less than 10 people that could make this run at any time. And I think one of them who I follow pretty closely has been accumulating for a few weeks now.
Agreed Ray. And when BEHL becomes profitable and uplists, there will be a different breed of investor coming in.
lol... love it! sounds a lot like my culinary experience this evening.
...and yes, congrats Boss!
Anywhere from 3-5 minutes before close for me.
Golden Cross for BEHL today! News coming.
Golden Cross for BEHL Today. Solid month of news ahead.
Sounds good. Who's with me for tomorrow's power hour?
Me either, I didn't have one share go through. Fine by me - I'll save it for the same time tomorrow!
Good day today. We've got a golden cross, PPS holding steady, and have a big month of updates ahead of us.
Let's all get the word out and put some more eyes on this - many good things coming together here once again!
Nice work all! I put in a bid @ .0125 and didn't get one share filled.
4 more minutes! PUSH!
Let's do it! We hit it and the chartists start showing up tomorrow!
Good deal. Anyone else? I've got some funds, but could use the assist!
I'm going to wait until about 3 minutes, then let's paint it green!
L2 anyone?
Anyone up for a little final 10 minutes ask slapping today?
Carnac, keep in mind there was more than one project mentioned in the shareholder updates. Let's not get too worked up concentrating on the small one:
From the January 4th PR:
"By the end of January 2010, the BEHL Team will be returning to South Carolina to assist the RWE Team in building an acre of the BioCentric Algae Pro Photobioreactor to fulfill the first in-house purchase order of Omega 3. This collaboration is anticipated to be the first of many as the people of RWE have shown a tremendous knowledge base that will benefit BEHL now and into the future."
Santa Ana Project: 6,000 sq ft
South Carolina Project: 43,560 sq ft (one acre)
After hours trade of .014 ...
.... seconds after the bell? Anybody see how many shares that was?
Lipid, though I understand that you're trying to get the conversation started, I could not disagree more with the "wasted space" commentary. And since none of us truly know the location/layout, these are my opinions, based on the company's previous actions, and my own logic. A few counterpoints...
Regarding space:
1. If each PBR in the 150-acre subdivision is SHARING resources (as stated in the PR), it stands to reason that those resources are also sharing space. Picture two country roads intersecting, and dividing 4 farms. If those 4 farms were to share resources, it would make the most sense to put the resources right where all the farms meet, and build them outward, wouldn't it? It's simple logic that I doubt is lost on a crew of engineers. No one knows the layout (doubt it's perfectly square), but there is some basic math that I trust will be accounted for.
2. One of the smaller modifications made to the new corners was to put the openings closer together. It was something they learned from the beta version they installed in SJC. I think it was something like 20-30% closer together, which over 150-acres is a major increase in acreage. Point being, they're adept at maximizing space whenever possible - and are clearly aware of the impacts on any scale.
Regarding # of acres:
3. You argue that BEHL should sell 5-acre units instead of 10 or 15. Read the PR - they came up with this plan on account of demand for product, and are set to lease 150 acres (if they haven't already). My opinion is that if they're ready to purchase/lease the land, they've already sold enough acrage to warrant the money spent.
Obviously all my opinion, but I think we need to be careful about making wild assumptions on major projects, especially when it flies in the face of how they've operated to thus far.
Solid day today folks.
I'm glad it's taken washington a bit more time than they thought to get the environmental legislation pushed through. By the time they do, we will be a profitable algae company in the OTCBB.
Pretty good position to be in when the government shines the spotlight on the industry.
You're right Lipid. DF says in the video "when it gets dried... this one gram of this product is worth approximately $45,000"
I was concentrating on the liquid volume that I could see in the video... completely missed the quote above.
Thanks for the correction. I'm honestly blown away.
Lipid, can you tell me where you got the $45,000 for a gram of Phycocyanin? I agree that the profit margin is incredible, but I don't think $45,000 for a gram is accurate.
The beaker that Dennis held looked like a 50ml beaker. One ml of water equals one gram. One ml of olive oil is .8 to .92
If the vile in fact held 50ml, and cost $45,000 - at a weight of .9, the contents would be worth $1,000/gram.
As I said yesterday, I've been working off of the numbers that I've heard in interviews, conference calls, PRs, etc. The possibilities for this company really blow my mind, I just want to make sure that I've got the most correct, up-to-date info. If my math is flawed, someone please let me know.