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Your clarifying posts are much apprecitate here. THANK YOU
I agree I do not understand the extreme drawn out length of time to get these filings and audit finished. Maybe they are just taking time to get things right or maybe they just don't want everything out in the open yet for whatever reason who knows guess the 28 Feb. is the new date to look for.
Hopefully potential investors will take the company more seriously once we get off the pinks and they finally get their filings current.
I have wondered about the ownership/compensation packages for a long time also and when I asked them recently I was told "that information will be made public at the appropriate time after completion of the ongoing audit" So this is something also hinging on the audit that is due to be complete by 28 February. I guess all we can do is sit back and be patient.
I guess I do not understand why this internal audit that everything is hinging on is taking so long? I mean we were talking about this thing back in August and probably before that and this is not some complex multi-Billion dollar organization like Exxon. They must have their reasons but from the outside it does not seem to make much sense. Guess we will see in another month
PFA will the mid-March permitting package cover both plants as they are modular or just the first one? Thanks
PFA do we expect to emerge from the pinksheets prior to the completion of the 28 February internal audit or is emerging dependent on completion of the audit and will occur at some point thereafter? Thanks for the updates
Goldman Sachs Says Oil Price Could Reach $150
That would be good news for the company. The higher it goes the more inviting this project looks to investors and financing.
http://www.foxbusiness.com/news/2013/01/17/goldman-sachs-says-oil-price-could-reach-150/?intcmp=obnetwork
Frisco recently said back on the OTC any day now?
I didn’t like the deletion of the link ride provided either. Good or Bad everyone should be able to read and make up their own minds and draw their own conclusions.
Would be good to get an update on status of land, original plan was for November then bumped back to December for the wetlands thing and we are now into January. Drinkwater put out a decent update letter back in October how about another one of those.
Yes agree I will feel much better once the air permits are in place also. Though similar have been granted in past years this empowered and out of control EPA still concerns me. It will be a very good milestone to put that part of this behind us.
Ah yes he is working for shares and another very good question that continues to remain unanswered. How many shares is he getting out of this?? It is a relevant question and it does matter.
Enthalpy I agree with most of what all you say but remember worrying, being concerned and asking a lot of questions is not a bad thing it is good business sense. This thing is not a 100% guarantee yet if it was the stock would likely be at 5 dollars not 6 cents. I believe there is very high potential here and the company is on the right track so I am remaining cautiously optimistic. Let’s hope this all comes together for us all over the next few months it will be worth the wait.
That is what concerns me?
Agree I thought start of construction would be a good bit sooner than a year? Permits and equipment order by this June and operational by Feb 2014 according to their posted schedule. I assume that would mean construction start could be around the June timeframe? as I doubt they would wait for the Dec 2013 equipment arrival before starting the facility construction, that would not make sense. Is something going on here or has schedule changed? Please no delays. Happy New Year All!
Yes agree they need to clarify that for us. Harry Bagots 600,000 shares that he bought is the only thing that shows anywhere.
Speaking of that I know they are working hard to get back on the OTCBB any idea when there target date is to do this?
So the land escrow should be coming about soon and that will be a positive step but after that there does not appear to be many significant points on the calendar until we hit the permitting and equipment ordering in June. Does not appear that there will be much to push the pps until then? Have you heard anything different Doc? Hopefully this is going to start attracting the attention of some new investors at some point once we are off the pinks.
Yes I do believe it is coming I am just stating that the current lack of interest is likely due in part to the pinks. I believe and am on board with this I just hope everything comes together the way they are laying it out and soon before that WH and EPA start making up a bunch of new rules I wouldn't put anything past them.
Many people just don’t trust pinks we need to get off of there
Something tells me that the end of the story is still down the road a ways Cytrx if air permits are not until June.
Let’s hope we don’t have to go through that again ride those along with the .08 era were not good days. More frequent progress updates from the company would certainly keep the speculation to a minimum though. A progress dump like we saw in October would be good to see more often.
60 would be a good improvement but a lot of the long time folks here are in deeper than that so it would be nice to see enough to at least get everyone whole again. Maybe the company will give us something to look forward to next week before Christmas.
As stated I was not implying this was a direct relation to us. It’s more a concern of an empowered out of control EPA. Though currently a minor source, the plant still does have emissions, when are they going to come after that standard? Also what is the next new rule, are they going to go after the mining of coal ?? that could be viewed by them as a dirty practice, who knows!? Maybe they see some spotted lizard in a coal mine or something and start going crazy. Point is the faster they can get this whole thing in place and set some type of precedent the better because it is only going to get far worse. I would not be too comfortable with that minor source stamp until this is a done deal. Just my opinion
Things over all are looking promising, if we can just get over the funding and permitting hurdles.
Not saying that this ruling relates directly to us but they better get that permitting moving before that out of control EPA comes up with something new to crush us before we get started.
http://www.foxnews.com/politics/2012/12/14/epa-imposes-new-rule-on-soot-pollution/
That is unbelievable what is wrong with this world how could someone do that.
Do you think we will see any of those before Christmas?
Lets hope that out of control EPA and White House don't come up with a bunch of new regulations to some how sink us before we get off the ground.
That sounds promising but I will feel better once they formalize land purchase, the bulk of the funding and we have a better understanding of any further dilution hits we may take.
We have been waiting patiently for a while, soon can be a day or year depending on point of view. What did Harry tell you the last time you rattled his cage.
Makes you wonder doesn't it
“In addition to assuming the corporate liabilities, G & A capital agreed to provide stock compensation packages to both the board of directors and the management team”
Has anyone seen anywhere the number of shares that each of the board of directors and management team received as compensation? I don’t see any filings on that, Harry Bagots 600,000 of purchased shares are all that show up anywhere?
They should be getting the report back on the coal soon. I will feel better when we hear there are no composition issues there.
Hope they can get this off the ground before the economy crashes.
Things looking better than they ever have lets hope for the best.
"Just wait and enjoy the ride! It is beginning soon."
How soon do you think? soon as in this year? Have you been encouraged enough to buy anymore doc or is the wife still restricting you?
Yes agree Tom it is looking very good. I have a strong seat at the table aswell, still debating on whether to make it stronger lol
The escrow to secure the land in Novemeber should hopefully push the PPS along a little but time will tell.
"From what I understand, that will arrive..." so do you think this will be a Christmas arrival or a next summer arrival?
Cytrx, just my opinion but I think the market needs to see those items you mentioned start actually happening not just that this is the plan. Also regardless of all the good news concerning what’s to come this is still currently a pink sheet stock which many don’t take seriously. Very few pinks make it big but if you get in early on the ones that do the returns can potentially become a retirement scenario.
I personally believe that what they are currently saying will transpire. Look at the low prices as buying opportunity for those who believe. I am not buying any at this price but in hindsight I wish I would have picked up some more at those prices of 2 or 3 cents over the summer. Their timelines look like we will be waiting longer than 2 more weeks but in the end it should be worth it.
Yes agree it was part of the shares G&A received I am just curious specifically how many of those shares were issued back to the board members and management team for compensation. Harry Bagot for example still only has the 600,000 shares listed under “Shares held” on the Nasdaq page, which are the shares he purchased. Just curious what the insiders accurate current share counts are.
I may have missed this somewhere but did it say how many shares were given to the board of directors and the management team? If not I wonder when they will inform us of that?
“In addition to assuming and satisfying corporate liabilities, G & A Capital agreed to provide stock compensation packages to both the board of directors and the management team, thereby eliminating the necessity of an additional dilution event, at a time when our stock was trading for under half of a penny per share.”
Lots of good information coming out. Let’s also hope that maybe they can get through that permitting process a little quicker than stated.
License and Annual List are now up to date.
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=P1A0NcyRdMXs7bjzm%252bbCbA%253d%253d