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Docshazam I agree with much of what you say but this company did not just start up a month or 2 ago. They have already had a lot of time and they have already spent a lot of money. I to believe in looking to the future but I also believe the recent past cannot be blindly ignored. I am well aware projects like this do not happen overnight but we need to see some type of verifiable solid progress to date. One of the only reasons I am still here is because of the publicized local government support and token money for this project. Though that in itself certainly does not make a project successful it carries a lot of weight with me as it should with all. Now they are silent. I agree with you on the oil prices as I watch them closely and their decline was one of my biggest concerns with this project. Few weeks ago we were hearing about all the great things to come SOON now we are hearing how long things take. I hope progress is being made somewhere.
Ok Docshazam here are a few concerns/statements/questions with some of my opinions injected in for thought and comment.
Muhlenberg
The last piece of media information that I have seen concerning the Coal to Diesel (wasn't stated but assumed to be FFI) project in Muhlenberg near Central City was in early December 2008 when Yonts made the “I am working almost daily to get that plant built” statement to the press. Just weeks after that Conoco announced this Kentucky NewGas thing to convert Coal to Natural Gas in Muhlenberg near Central City. After that there was and is complete dead air concerning FFI Muhlenberg. In the last 6 months no media, presentations, news spots nothing! (The Qs and Ks don't count) So the question is did Muhlenberg just drop and forget about FFI when Conoco dropped their 3 Billion Dollar plant on Muhlenberg? May explain the silence. Not sure why Conoco would feel the need with a one man company but if there where any type of teaming agreement for the diesel why has it not been announced when we gonna hear about it? FFI was supposed to have been making site selections last fall. Ah yes part of the grand secret plan I'm sure. Lots of recent activity, meetings and planning going on in Muhlenberg the past few weeks.................for Conoco.
.08 Wall
If this grand secret plan is about to be unleashed on us why is the pps stalled at .08. In my opinion Ms .08 is likely the largest shareholder and in being that also in my opinion Ms .08 likely has better information than most of us folks here. So in that little hypothetical scenario why the hell she selling instead of buying when all this greatness is about to happen SOON.
On the flip side of this why is the price up in the first place? and it ain't the Q or the K.
However as I said myself they could have just folded up shop when they reached near the 100 mil last fall but they didn't. A stock split no matter how you want to slice it or additional stock authorization would likely destroy whats left of the pps and not worth the company effort and I'm sure the company is fully aware of that. So the mystery unfortunately continues with optimism declining by the day.
Agree there is a very big difference.
Yes I have also noticed and been monitoring the continued stock price stall at .08 and I don't like it. We know who is selling the question is who is doing the buying on the moderate volume days? IMO I would not attribute that to random speculators from the nothing special Q a week ago.
Good question where is the MIA Silver Squad? She lost all credibility with me when she double posted.
Agree completely
Docshazam I sincerly hope management is focused on building a CTL plant in the middle of the work day and not reading my post on the IHUB.
I did not see anything of substance in the Q it is essentialy the same report they always put out in my opinion with the exception of the one line about the shareholders meetings. The meetings are also only if resources are available.
Remaining hopeful here doc and as positive as possible given the sorry state of things.
No doc the first thing I always look for and try to see are the trees. However sometimes it is necessary to take a step back for a reality check don't you agree
What I posted to Docshazam was more directed at the company not questions for him to answer I know he does not have the knowledge to answer them. I also have an open mind concerning this like Gator however I want to see something of verifiable substance, some type of progress they have made, something they have accomplished concerning the CTL plant they are pursuing. I don’t want to hear about something they are going to do or intend to do or hope to do. If the answer is nothing so far than that is not good. A name change and a stock conversion is not substance in my opinion it is smoke and mirrors. Yes farther down the line they may attract more investors that way but I am not talking about something that MAY happen 6 months down the line. I want to see something SOLID and of substance now to date what has been accomplished. As I said Doc I remain open minded on this but the company needs to show progress and that can be done in a way without giving any specific proprietary or business sensitive information. Still hoping for the best for the meetings lets hear what they have to say.
NIX VOTE
Docshazam, What is this "NEW SECRET PLAN" where did you hear this? How is it different than anything that has been said in the last several months? What is this "UNVAILING" that Cytrax is talking about? It sounds very alluring and fascinating and I'm starting to shutter with excitement please tell me more! Geezz STOP with all the buzz words and unsupported secret plans. GIVE FACTS actual dates, time-lines and true financial support detail for the plans that are suggested.
Why were posts 897-901 and 903 deleted? What was the specific reason they were deleted? who were they from and to? Multiple Gaps with no explanation, WHY?
So where is our savior the Silver Squad? She shut her mouth pretty quick as soon as Ride caught her double posting under another name. Very Nice Fabrication she had going in an attempt to put people at ease.
No disrespect intended Doc but people want FACTS, TIMELINES, MILESTONES BEING MEET, POINTS OF CONTACT and COMMUNICATION!! A website from some college intern working for 10 bucks an hour would also be a vast improvement over the boiler plate nothing said that is there now and been there for months. Ya when I hear something about NSOL and go to the website to check it out I am definitely putting a market order in for that stock. Ya Right
THE COMPANY NEEDS TO SHOW VERIFIABLE PROGRESS ON SOMETHING, ANYTHING BEFORE THEY EVEN REMOTLY CONSIDER ASKING SHAREHOLDERS FOR ANYTHING IF THAT IS THEIR INTENTION.
Gator, I agree if they had financing in place already and needed cash for operations but authorizing more shares will not itself help in building the plant as the shares are near worthless and the company is fast losings any amount of small credibility it had in my opinion. Given the current share price it would also not take them even a fraction of the time to burn through the 2nd 100 mil as it did the first 100 mil. So unless they produce something verifiably substantial.
NIX VOTE
Yes Cytrx I just love those words like soon, might, next week, in two weeks, may see, hopefully, all those good solid words of progress. But I have never sold a share and am not selling a share and if a vote comes up for more authorization or reverse split with no foundation my voting shares are all a nix vote guaranteed. End of story.
Docs 1 and 2, I agree with you that there is strong potential for things to happen here and have done my homework on this and am aware and agree with much of what you say. All I am saying is that if they call shareholders meetings and ask for additional stock authorization above the 100 mil or God forbid a reverse split they better have some SOLID information to back it up. SOLID for example meaning teaming agreements in place and signed, additional management in place, a location identified and acquired, plant engineering contracts signed, Bulldozers breaking ground or whatever the scenario they are in dictates but something SUBSTANTIAL. If the basis for the request use the words SOON or NEXT WEEK my share votes will be a definite nix and yes I understand the consequences if the required majority were to also vote that way.
To Walker, they always have those methods to acquire financing in their reports and in my opinion all that means is that DB cuts them a check and she gets shares for pennies on the dollar and I do not agree with that continuing without some solid results.
I hope the meetings will be for something completely positive and good that will benefit all. I hope they have nothing to do with what I said above however as I said I am not as optimistic as I was a week ago. When will we see some solid progress? and nobody use a sentence with the word “SOON” in it. Thanks
The new Q is out with mostly the same old sh...stuff except now they are 6 mil in the hole. Just did a quick read on it but one thing I did note different was this statement.
"Within the next six months and subject to available resources, the company anticipates holding one or more special shareholder meetings to refer certain matters to the shareholders for approval and resolution."
Now this statement could be a good or a bad depending on the subject who knows but if they are looking for approvals from shareholders at those meetings for additional share authorization above the 100 mil my shares will be a nix vote on that no mater what.
Yes I am a little less optimistic than I was a week ago and the recent pps rise bouncing like a basketball against the impenetrable .08 barrier does not help matters. Remaining supportive here but becoming less and less tolerant.
Glad to see you as a moderator Docshazam. Keep us balanced with the positive and negative facts on this company.
Can you give us more information and facts concering the extensive conversations you have had with company insiders?
What is the Silver Squads next move given the pps rise appears to have stalled around the magical DB.08 range?
Also where has your budy Christine been? She claimed to have talked with Larry and others and always kept the bashers on their toes.
It is good to see some rise in the pps but again any protracted stall in the .08 range will be concerning.
Thanks for taking the time to moderate fair and balanced.
Not that it means much but the K does state “We do anticipate our employment base will increase to approximately 4 full time employees during the next 12 months.” so if new management is on the way as they stated last year perhaps that could be them.
The cause of the rising PPS is a little perplexing. Any even marginally reputable media on the open net concerning this company has been zero over the past few months which could mean they are just plain doing nothing or they have put a very tight lid on information concerning activities. The K of nearly a month ago was generally nothing to write home about in my opinion and would not sustain any continued new speculative buying that is causing the PPS increase under the somewhat moderate volume we are seeing. So in my opinion that leaves either people with information buying on merit of upcoming events or an empty attempt at a push on the price for a later dump. They could have just folded up shop when they hit near the 100 mil back in November 2008 and been done with it but they didn't. If they were to authorize more stock or a reverse split with no merit the stock would likely plummet into the sub penny and probably not worth the effort. So I am going to agree with Fred on this one I have a large chunk of this stock and do always try to remain realistic about the possibilities but I am more optimistic now than I have been in a year.
Also have not seen anything linking the two but GBRC has nearly doubled in the last several weeks.
I saw the news on GBRC also they are up about 60% over the past month. Glad to see NSOL heading back up whatever the reason and hope it continues.
So Walker and Docs what are the 15 April predictions?
The GBRC message board has a recent post with someone stating that there will be some major announcement concerning GBRC by 20 March. This is about the same time frame that others on NSOL's message board had been promised some turning point for NSOL. Lincoln Jones is on GBRC's board of directors and was also part of NSOL's transitional advisory committee. Any possibilities that these two companies may have some relation in the future? or can the similarities be attributed more to everyone just having high hopes for their own 10-Ks on 1 April ??
I agree I was merely pointing out that it was down and I was not making any negative assumptions. In fact I was hoping that it was an indication that a new site was about to come on line. It could have been viewed as a positive or negative occurrence but the old site is back now so it doesn't make much difference. I try to post relevant supported information I find which is hopefully positive but may sometimes be negative.
Have been trying the company website but it has has been down since at least later yesterday.
A company makeover? Docshazam please enlighten us about this company makeover that so many have told you about.
LOL yes those were the days docshazam I think many had a lot more hope for the stock a year ago. I am surprised the stock has not gone sub penny yet but there does seem to be some resistance to allow that to happen. I must say I was also surprised by the December 2008 Brent Yonts public comments to the media about working daily to get the plant built. Recent direct public statements by named government officials like that are far more creditable to me than any statements by the company or any related companies or individuals. Yes in the end things may not come together but I would rather see one statement like that than 10 news releases from the company. I do agree with momentum on yahoo that this is not an investment but is a highly speculative risk in my opinion. Still at this point I will continue to accumulate. I like to keep a wild risk in the mix it keeps things interesting. Time will tell I guess best of luck to all.
So Familystock what is the current status you are hearing from Brent Yonts on all of this? Thanks
4 December 2008 “A coal-to-diesel plant is in the works for Muhlenberg County, and despite some problems State Representative Brent Yonts tells 14 News he's working on an almost daily basis to get that plant built.”
http://www.nbc14.com/Global/story.asp?S=9454920&nav=menu54_1_4
21 November 2008 “Carbon sequestration, one of the buzz words I talked about, and other methods can help power companies burn coal cleaner while technology like turning coal into liquid transportation fuel (as we are preparing to do here in Muhlenberg County) will expand the market. All we as Kentuckians have to do is share in the creation of these technologies, as recent state laws are helping us to do, and keep producing coal just like we have for over 180 years.”
http://isurfmuhlenbergco.com/index.php?option=com_content&task=view&id=345&Itemid=2
Doc II and Doc I , Like both of you I have tried to be as optimistic as possible concerning the path forward for this company but recently my optimism has been deteriorating as well. All companies have their ups and down but this one is definitely the most mysterious of any I have ever invested in of this type. The company is not mentioned by name but recent statements just weeks ago from Brent Yonts to NBC 14 say that the coal-to-diesel project in Muhlenberg County is being worked by him almost daily. If this is the case why the complete silence from the company? Why the deflated PPS? Why some of these recent volume levels if the company were a complete lost cause? FFI spinning off, yes possible I guess but after NSOL put out statements last summer that they were focusing resources into development of this CTL project it would look very bad in terms of public relations regardless of the legalities of it if the intent were to leave the supporting share holders in the dust. I can’t see that the Kentucky Government would in any way work with a company that had an intent to do something so blatant which could at some point reflect badly on the state, in my opinion only.
So there are a whole lot of things that just don’t add up to me. Just thought Id throw out these things for us all to kick around and maybe help us to define more what’s going on. Things do not appear to be all that well but at least it is good to hear a recent government view of the situation.
docshazam, Its hard to say just dont know having a little trouble trying to keep track of any of this at this point. A few quick web searches certainly yielded a lot of similarities below. Maybe someone who understands it better can try and make some sense of it for all of us?
http://www.inter-americasinc.com/
http://www.interamericasinc.com/
http://www.globalenterprisecapital.com/founders.php
http://kcg-corp.com/team.aspx
http://digitalsourcemedia.com/contactus.php
http://www.vtoursusa.com/order.php
Now this is interesting. Maybe Larry, his new friends and their little green money company will come and help.
www.interamericasinc.com/founders.php
You have been silent for awhile. What are your predictions on the viability and near term path forward for this company?
Just filled up with gas at $2.11. Concerned that the whole CTL idea is going to loose momentum if there is not much of a cost benefit. The greater issue is not to be dependent on foreign sources while also moving towards renewables but if its not hitting the wallet people will have very short memories no matter how good intentions maybe. Probably just a short term low but this company had better come out with some news and progress soon.
cqrtdoc
When did Maland meet with the KY Governor? I try to keep current on things but I think I missed that along the way somewhere. Thanks
Agree some solid information in either direction would be nice.
Interim Joint Committee on Appropriations and Revenue 22 September 2008. Monday's meeting had some good general information on financials and process for potential energy projects in KY. Six proposals(4 coal related) that had been approved were discussed. No mention of FFI but they did note they were still working with some that had some technical issues to resolve and that none had been rejected at this point.
Hopefully FFI/KFA is one of the ones they are continuing to work with.
http://www.ket.org/cgi-bin/cheetah/watch_video.pl?nola=WLEGP+008023&altdir=&template=
Cqrtdoc, I like your factual reasoning and realistic scenarios for potential paths forward on this stock. Please continue your posts they are of value to the board. Thanks
There are many potential advantages for a company to issue restricted shares vs. just dumping them on the market but I am not going to dive into all that. However in this situation I am in agreement with you that the frequency and IMO the extreme discount was very excessive.
Ride, Yes you would get no argument from me that the discount Morticia received on those shares was extremely excessive. Financiers such as her should most certainly receive a discount from market value but not to that excess. However as everyone is so quick to point out, the company is cash poor. So unfortunately given the choice of a potential bankruptcy or allowing the vampirees to suck down more blood, I would have to choose Morticia.
Let me also say is there any way to keep Cheeto Breath in the cage beyond the month that remains? The positive and negative, give and take here recently has been much more constructive without the glaring bash element every 2 seconds.
Agree with you 100% on the reverse split MLM. In my experience they are always bad let’s hope the stock does not go that route.
Looks like they already have a jump-start on plant engineering. Completing certain portions is probably required when seeking financing for the plant. Hopefully they have a good chunk of the design in process already, which may serve to cut the led time on obtaining financing and ground breaking.
Even though the $625,000 is a small amount of money and is old news the fact they now have it in hand is very symbolic. Receiving Government money carries meaning with it and should help open the door to more. I always try to keep a balanced view of this stock, however I am now very optimistic of the direction this stock will be taking.
Below are a few paragraphs from the 15 April 2008 10K on design.
In 2007, we paid $100,000 to Westinghouse Plasma Corporation (WPC) for engineering services related to the design engineering of a Westinghouse Plasma Gasification system intended for an FFI synthetic diesel facility.
In February 2008, FFI paid Shaw Stone & Webster (Shaw), a division of The Shaw Group Inc., for engineering services that will provide a technical basis for a 400 Tonne per day Coal-To-Liquid (CTL) Ultra-Clean Diesel fuel production facility in Muhlenberg County, Kentucky.
Definitely headed in the right direction and decent volume, lets hope we can turn this into a steady trend in the days and weeks to come. Some good news with solid foundation would really help keep it moving, hope we get some soon. A great start though!
cytrxman I thought you got "Out" of this stock on 21 July. Did you buy back into it?