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Hey people seem to believe all of DF's other lies and crap over the months, so why not this one. What truly amazes me are that there are still people dumb enough to buy this BS, and by that I mean BEHL Sock as well as the usual expression (synonymous in this case).
Is this the big gurgling sound you hear as the dirty bathwater rushes down the drain?
This is incredible. The stock gets diluted by 100% and people are out there buying stock and the price is going up. WTF. Amazing. Magic. Why bother growing algae indeed? Just print more shares. Another 5 billion A/S increase and maybe up to .001 PPS. I guess that is the plan for January?
This whole subject is bogus and irrelevant. DF owns and controls both shells. So the $75K payments, if they occur, are just moving shareholders $$$ from his left pocket to his right pocket. Agreed? It's the old shell game.
But BEHL is as low as it has ever been. And with the new 100% dilution (2.5 BILLION more shares today) do you really expect it to EVER go up again?
Nice article - but not related to BEHL. While no-one what they are doing other than printing shares, we know that they are NOT a player in biofuels (that was last years story)
Yes! LOL I am stunned that the stock hasn't finished the tanking process given that DF has now diluted it to hell in a handbasket. He has another 2.5 BILLION shares to sell - who in their right mind would buy? A little construction company that has yet to prove that they can build anything that works, lost their workers and expert, and has 5 BILLION shares. One thing for sure (IMO) this stock will never see 0.001 again, let alone 0.01 (but there are the carzy few that think it will go to $1 !!!!!). Think market cap folks, and what do they have? Products? Patents? No, no. If you like rrreeeaaallllyyy long shots and just want to buy cheap shares for wallpaper. Go for it!
"Vitamin X" is a made up name for astaxanthin that is not a vitamin, It is a very powerful anti-oxidant and is to be found in abundant amounts in a healthy diet - especially in any fish that eat coldwater algae (like salmon, shrimp etc - it is the red color that you see - and stores add extra "vitamin X" to cheap salmon to make it red (this is the big market for cyanotech www.cyanotech.com who have 90 acres producing and selling the stuff. I assume that BNPD bought theirs directly or indirectly from either Cyanotech or Valensa the two domestic producers of astaxanthin). If you want it it capsule form just buy "Mega-Red" next time instead of simple omega-3 at the drug store. Mega Red contains omega 3 is a much more powerful form and contains astaxanthin too. The you don't have to eat fish and you don't have to consume nasty "health" drinks.
Does anyone actually understand anymore what it is that Fisher claims? I for one no longer understand what BEHL is, and is trying to do. Not biofuels, not omega-3's. Getting rid of their algae expert and construction crew? WTF
Same applies pretty much to the website.
Love the graphic - LOL
$1.00 a share. Are you crazy? That would mean a market cap of $2.5 billion or even more when the new dilution is announced tomorrow or Wednesday. And currently there is no money or income to build, develop or expand. So how do you get to $1.00 a share from here (without a 1,000 or more to 1 R/S which would wipe out all the current S/H anyway).
Your question about Solazyme does have relevance here, if you want compare with BEHL. Solazyme have a business plan that is fully explained on their website. They have been growing algae since at least 2007 and have been selling products ranging from nutritional products to a Navy contract to produce 150,000 gallons of jet fuel at a highly profitable price. In contrast BEHL has meandered through all sorts of potential ideas about what they were going to do - from biofuels to omega-3's to astaxanthin but have never done anything. Now there is a shell that can put down plastic tubes in the desert using contractors when they can afford to hire them, and a beverage shell that bought some astaxanthin on the open market, mixed it with peach juice and made a few cases. Interesting to compare. Big difference: Solazyme is an algae company, what is BEHL? Can you tell me??
Only one thing that this company is really good at. Printing shares. Enjoy the ride to 000 folks!
I agree with you: good for you, you made a couple of hundred at the expense of someone else who lost it. I have made money on this lame duck in the past but too risky for me now, the final implosion could be anytime, likely orchestrated by DF in the deal involving the so-called "beverage company" that is also him in a different guise. I just feel sorry for the people who still seem to think that either of these companies is actually going to make anything (or even money) other than PR's, biocams, stories, spelling mistakes, websites that get outdated really fast (the BEHL website was pretty good 5 months ago, a joke now), broken promises, outlandish claims ("Astronomical to say the least" for example), and the list goes on and on and on. But wait, maybe everybody here knows what is going on and just playing phoney to persuade others to buy and have the SP hobble between 0.0005 and 0.001. Yup could be a flipper for a few more weeks, but no way will they ever produce anything IMO. PBR been running for 6 months and not a drop of omega-3. Have you seen any red in the PBR? Me neither. Harvesting - nope. Extraction - nope. Laughable - check.
I think people are not getting the point here. These people (Paxtons, Sanchez) left (were "let go") because they weren't being paid. If BEHL don't have enough $$$$ to pay these guys then they are scraping the bottom of the barrel and expect yet more dilution really soon (as predicted by GFB). So maybe DF (if he has any money left at all) can hire a couple of minimum wagers to continue "rolling out the tubes" as you put it. But that raises the point that if the BEHL technology is so low tech that all you have to do is buy tubes from a plastics manufacturer, hire a couple of kids from McDonalds to put the tubes together - then what the hell is it worth? A pile of something alright IMO
Everybody is unimportant, PBR builders, skunkworks, Field Operations Manager, shareholders. Duhhhh.
Only exception is DF who will be playing "clean up" in January.
Yeah that's right. He doesn't want anybody who can build sh@t. He wants all that fat, juicy overhead to put out PR's and paper. Sell more shares boys, we gotta pay the light bill.
"there was alot of grumbling going on here because it seemed to taking so long at DVJ on the first phase"
Well - now look at the "team" page on the website. Over the last four months 5 people have "left" the company, all with very good reason I am sure (like "if you don't pay me then I am not working here anymore big bossman"). So now they have lost (and not replaced) Goodall (the only knowledgeable person in processing and fuels etc), Sanchez (the only knowledgeable person on production of algae at scale) and the three guys who have learnt how to build the PBR's and have built and rebuilt them over the last 12 months or more - so now delete them from the website. And now what do we have? A company that is almost 100% overhead with no capabilities to actually do anything that they keep promising (but not delivering). So you can bank on the second pahe of DVJ taking EVEN longer. And then (if Fish ever gets any money to pay somone their salary), who in their right mind is going to join a company with a record of stopping paying their employees as soon as funds get short (quick print another 1/2 billion shares)
And where will the money come from? Just weeks ago DF was praising the Paxton boys and Sanchez for the great job they were doing, then he didn't have enough money to pay their salaries and they were "layed off". He told us in the first interview that the remaining 400 million shares were going to employees - just a lie, since he sold them and didn't give the employees anything it now appears.
So he had an algae expert, he had three boys who worked their butts off to put the tubes together in the desert in summer - but couldn't afford them (despite selling another billion shares). So where does the money come from for a construction CEO and an expert team? Pipe dreams (IMO of course)
I guess DF selling to pay phone and light bills. What's that song - "Turn off the lights, the party's over"?
Which raises the question of the supercritical extraction unit they announced to build. Would cost about $2 million. That's another 2 billion shares at these prices.
No-one else is investing (or are you still waiting for the $5 million promised in LV?
Astronomical to say the least
"When calculating the total value of this contract," stated BEHL Founder, Dennis Fisher, "it is astronomical to say the least. A one-acre PBR system alone will produce approximately $5 million worth of Haematoccocus in a 12 month period. The market demand for these algae strains has steadily increased over the past 3 years even though they are being imported from overseas and grown in open pond systems. Our ability to quickly deploy our PBR systems for clients in the USA and begin producing such a valuable commodity in growing market this year should propel BioCentric Energy to the next level."
The sad truth is that you have to remember the source of our information - and he is repeatedly wrong, misleading or vague in his promises - and then (IMO) delivers nothing. Remember this from early summer? Astronomical to say the least, quickly deploy our PBR systems, producing this year - yadda, yadda, yadda. Almost November and NOTHING.
On extraction - the current astaxanthin producers (e.g. Valensa in Florida) already have their extraction facility:
"In 2001, U.S. Nutra built an ultra-high pressure supercritical fluid extraction facility at our Eustis, Florida location. It was commissioned in March 2002. Today, this facility is the only supercritical fluid extraction facility in North America devoted exclusively to production of high-value nutraceutical ingredients for the dietary supplement, functional food and cosmeceutical industries." source: www.valensa.com
BEHL and BNPD supposedly are going to design and build a lab in DVJ to do this. Do you believe that this is going to happen? I don't. IMO it is just another story to keep hopes and some investors in the game.
Wrong. They have a small harvester from Algae Venture Systems that they rolled out in Vegas, and again at the Shareholders meeting. Both times it was in mint condition, clearly never used. In terms of extraction they announced that they are going to build a laboratory in DVJ to do the extraction. A lot more shares will have to be sold to finance that (and some algae needs to grown with valuable product). Clearly, IMO, a long, long, long way off.
Where on earth do these numbers come from? And by the way - they don't have 1 acre let alone 5, they don't have a proven way of harvesting and they have no extraction capability. So even if the intent is ever to make profit the shareholders will have to fork over millions more to develop and build these things before it happens - and by then BEHL and DF will be long gone IMO
If he told the truth and stuck to facts then there wouldn't be anything to be concerned about now would there?
But isn't that the same guy that told us (at 1.5 billion A/S) that there would be no further dilution? Two weeks later - oops 1/2 billion dilution, 2-3 months later another 1/2 billion. So why should we think he gives reliable info on costs etc. Huh?
No - it was not a typo. The author (I have spoken with him) knows his stuff. PBR's are just too expensive to be practical. Here is the link:
http://www.nanostring.net/Algae/CaseStudy.pdf
Think about it. Now that BEHL has effectively sold out to an unknown drink company run by DF's assistants husband (hhmmmm) - what is left? Supposedly a company that builds PBR's (plastic tubes that they buy from a vendor)and sells them at cost + 20%. Is that what you invested in? Does that deserve 2.5 Billion shares? No I don't think so. And who would them anyway? They have not been proven to do anything - nothing at all, no algae, no products, nothing. Furthermore all the big players have rejected PBR's as way too expensive. Nothing here but losses and tears IMO.
Get concerned Dade. The whole program is "jury rigged". It is (IMO) smoke and mirrors - no substance, no products - just bring in the investors to keep the charade running until Pinnochio can cash out.
I don't follow your logic. They moved rapidly and stealthily (as usual) and sold 200 million new shares before anyone was aware of the new A/S. If past performance is an indicator the rapid sell-off will continue immediately following some new fluffy PR aimed at getting the SP temporarily up a little (yet another JV, another potential customer, some new product that might be made out of algae, whatever - you've seen them all) and then sell the rest. As others have noticed the time between issuing these 1/2 billion tranches is getting shorter (presumably because the SP keeps dropping - currently 1/2 billion shares is only worth about $300K and BEHL is possibly selling at a special rate to get these huge numbers sold quickly IMO). So isn't it likely that the next 1/2 billion will be released early January? No wonder the SP keeps dropping, dilution will do it every time. And still no product or way to extract and make it.
It doesn't matter. So what if there are a bunch of plastic tubes in the desert? There is no way to harvest, no way to dry, no way to extract, no oil. no proven technology, no proprietary algae, no data. It just amounts to a hill of beans IMO - or worse as so rightly pictorialized by GFB as a pile of something else.
When should we expect Q3 financials? They should be revealing.
Guys. It is not about algae. It is about biocams, sizzle, hope and hype IMO. There was never a plan to actually make anything. If there was they could have been making it already- and if there was they would harvester and extraction technology in place and they have neither. Plastic tubes, biocams, websites, PR and crap algae are cheap. Production is not - all IMO but I see no shred of evidence to the contrary.
There is no option but to avoid. You have to grow the algae, harvest and extract the product before you can validate anything. BEHL have never made any algae product. Fact I believe and not opinion - or can someone here point to anything the company has ever made?
Behl harvesting program
IMO
Sow shares, harvest cash. Thank you.
Just harvesting the green ($$$$$) and the stressing to cause red is not astaxanthin, but investors blood boiling, or faces blushing. Is that what you are saying??
Ah - you forget - there is no CEO. The new Harvard educated CEO was going to announced months ago - another missed deadline. But it helped bump up the price a little for a few days "harvest" to dump more stock. Like algae, $$$$ are green, and can be extracted much easier.
And it is not just fluff IMO but also pure BS. You have to harvest, dry, store and ship the algae before you can even consider selling anything. BEHL have NONE of those capabilities. So what is the point?