Wow. . You hit that one square on the Mellon.
I'm surprised that PYCT didn't build a trebuchet for Punkin' Chunkin' this year, since slinging it is obviously a major forte'.
Good post, L17.
Were you aware that the phat pseudo-man from the stock you mentioned sent his top two sweeties to try to buy a Shell in Florida exactly at the time they was blustering about no R/S's, R/Ms, etc, just before they blew off paying their employees and the State of CA shut them down..?!? . Some folks never learn how this game works.
Re: Buy-Sell, MMMs running short-handed make mistakes every day. Hence, a LIMIT BUY at .0001 and LIMIT SELL-GTC of at least 60% of your stash at .0002 will let you ride Free-Shares after the upcoming Manipu-Pop - if you want to continue playing the swings.
PYCT may be an interesting dabble for those who have a plan, ...and a clue..!!!
Sorry, not licensed for OTR trucking; we got time off with pay during the moves. As an engineer, we do supervise the loading, unloading, installation, leveling, and debug/start-up though.
It's always helpful to have a good education, a broad skill-set, and many years of experience in multiple areas of design and construction.
Not everyone is satisfied being PYCT's version of Apu.
Read and learn.......................
P&G, John & Johnson, Kimberly-Clark have been around longer than you've been alive. They have been working on and producing bio-degradables for years. There are compromises between successful product construction materials and landfill bio-conversion times that are much more practical and less consumer costly than flushable versions.
If you think this company has more smarts that the folks at P&G Winton Hill, then squander your last nickel on every share you can schmooze. Everybody else can make a buck on the first major manipu-Pop with a LIMIT-GTC-SELL of 60% of their stash at 50% more than they paid for them - leaving Free Shares that can help you but never hurt you..
I worked 4 assignments for P&G and 1 for J&J. I've also designed and constructed enough facilities and waste water systems to know that maintenance crews and owners would like to strangle your "pad & diaper flushers" in the act. If you don't know a subject try reading a book - or asking people who know what they're talking about.
Pad and diaper lines are heavy and huge requiring 3 semi trailers+/- per machine depending on product. I've moved 13 machines total; 8 for P&G and 5 for J&J. 1 was a P&G R&D development machine from NC to WI and back, and 7 were National diaper machines moved from GA to MO. Upgraded and moved 5 J&J pad machines from IL to Canada. Also worked at P&G in Green Bay & Oxnard, CA for 1 year+ on multiple projects, and did a stint in NC on pad lines.
You can repeat all the regurgitated PR and IR-hype you want, this is a very risky deal - and my BUY at .0001 and LIMIT GTC SELL 60% on the Manipu-Pop RECO stands..!!!
Free-Shares can't hurt you, even when controlled by the hands of people and ghosts you don't know, with questionable track records - plus a Limited Info warning by OTCMarkets.com
Having helped design, build, and move high-speed pad machines for P&G and J&J (who have mega worldwide hygiene product markets), I'm extremely skeptical that these former Mellon Ball misfits can make much of a dent with their "who-da-fudge"-branded offerings even if they get Oprah to pump them.
If you have a daughter or sister who could do an in-house product test for you, then maybe some 0.0001'rs backed up by a LIMIT SELL GTC-60+ at +25% for 60% of your stash will Free-Share you out - so that you can watch the leftovers over time. Don't forget to keep the Roto-Rooter guy's phone number handy; tee hee... There will surely be a MMM manipu-Pop to grease the Innies and Pumpers; your GTC SELL will cover you on that score.
If disposables were really a big deal, trust me, P&G would have been all over it years ago. These disposables will have to pass through strainers and traps in large buildings. I don't think they will degrade fast enough to suit the plumbing in most buildings already in service.
One simply needs to review the long term history of the stock, keeping in mind that the originators of such entities never fully let go their original gimme-gimme freebie-shares, undeclared nominee accounts, or silent partner control.
The rotten mellon smell might also be a clue to anyone who does more DD than read stock board posts and fluffy PRs.
If you look at the volume and price history, it sure looks like someone is jacking BFHJ about 30%+/- on a regular basis to generate cheapie shares for themselves.
Date Open High Low Close Volume Chg % Chg Adj. Close
7/11/11 0.0009 0.0011 0.0009 0.001 5,282,300 0.0001 11.11% 0.001
7/8/11 0.0008 0.0009 0.0008 0.0009 6,769,999 0.0001 12.50% 0.0009
7/7/11 0.0008 0.0011 0.0008 0.0008 12,670,184 0.00 0.00% 0.0008
7/6/11 0.0009 0.0009 0.0007 0.0008 34,055,104 -0.0001 -11.11% 0.0008
7/5/11 0.0011 0.0011 0.0007 0.0009 22,406,476 -0.0002 -18.18% 0.0009
7/1/11 0.0012 0.0012 0.0009 0.0011 24,264,090 0.00 0.00% 0.0011
6/30/11 0.0011 0.0012 0.0011 0.0011 2,985,058 -0.0001 -8.33% 0.0011
6/29/11 0.0011 0.0012 0.001 0.0012 4,274,979 0.0002 20.00% 0.0012
6/28/11 0.0011 0.0011 0.001 0.001 1,504,589 -0.0001 -9.09% 0.001
6/27/11 0.0013 0.0013 0.0009 0.0011 7,494,300 -0.0001 -8.33% 0.0011
6/24/11 0.0013 0.0013 0.0012 0.0012 3,616,910 -0.0001 -7.69% 0.0012
6/23/11 0.0011 0.0013 0.001 0.0013 8,495,810 0.0001 8.33% 0.0013
6/22/11 0.0013 0.0013 0.0011 0.0012 15,642,315 0.00 0.00% 0.0012
6/21/11 0.0014 0.0014 0.0011 0.0012 48,613,043 -0.0002 -14.29% 0.0012
6/20/11 0.0014 0.0014 0.0013 0.0014 5,216,392 0.0001 7.69% 0.0014
6/17/11 0.0015 0.0015 0.0013 0.0013 1,175,000 0.00 0.00% 0.0013
6/16/11 0.0013 0.0015 0.0013 0.0013 6,190,028 -0.0002 -13.33% 0.0013
6/15/11 0.0017 0.0017 0.0013 0.0015 10,920,118 -0.0001 -6.25% 0.0015
6/14/11 0.0017 0.0021 0.0014 0.0016 42,281,349 0.0004 33.33% 0.0016
6/13/11 0.0012 0.0013 0.0012 0.0012 1,124,945 -0.0001 -7.69% 0.0012
PLEASE NOTE: . The Media, in general, is historically known to use the wrong words to describe situations that are technical in nature. . Reporters and Editors are 'journalism school' graduates (..hopefully..) who 'drive by' and take notes in a rush, get a second confirmation (..hopefully..) that is often misquoted, then rush back to the press room / studio / or give it to the blond in front of the onsite mini-cam. . Reference: The Panama Canal doesn't run on pumps - just gravity, and most pilots and airport/airplane buffs know that LearJets don't have propellers, autopilots are not androids like Data, etc., etc., etc. . But, the media often says such things in a rush to break a scoop. Consider also Hollyweird movies, where the star takes off in a Grumman Gulfstream, flys along in a DC3, lands in a B2 bomber, and the rather warped pilot has time to talk to kids about gladiators in the cockpit......
I'm quite confident that "Dismantling" as used in the recent Berlin PRNH story is totally incorrect. . The correct term would be "Demobilizing"; where Cate Street would take its jobsite trailer, computers, office equipment, furniture, and ATV/golf cart for the Supervisor/Inspector and go 'home to Mommie'.
I just got off the phone with the lady in the Berlin City Manager's office whose window looks out on the Berlin project. . There is nothing happening at all on the site at this time. There are no wrecking balls swinging around, and nobody is there with a cutting torches or Sawzalls.
Previously some 'demolition' of unneeded sheet metal and unnecessary equipment, etc., was taking place to get it out of the way for new improvements and future operations.
When I hear from Chris Jensen and Richard Cyr, I'll let you know. But, as Cate Street is a Funder - not a Engineer/Constructor - my guess in that Demobilization is the correct term and the media has 'muffed it' once again.
This is where being an experienced engineer in the power and Biomass business comes in handy........
PSNH can obtain ultra-low-interest loans, forgivable loans, grants, project-now-running repayments, and other incentives very quickly from the FED and/or State that commercial firms have to battle for; they already have credibility and the right connections. . In addition this plant can be online very quickly and work would be supervised by PSNH and most likely an EPC (..Engineering & Procurement Contractor, like DPR, Fluor-Daniel, Stone & Webster, Rust, Bechtel..) to guarantee fast-track completion, startup, commissioning, and turnover.
Years would be saved vs. construction of a new NG plant which should also cost more due to the extensive Explosion Proof design requirement of working with flammable gas and possible LNG backup fuel storage, not to mention the underground pipeline and pressure reducing station(s) effort required.
It's easy to complete/upgrade/operate something that's already there. . It's a whole new ballgame to start from scratch - when you are already under pressure to include Green Power preferably from independent producers.
That's the same opinion I came away with, so you're making a shrewd move, IMHO. . The Berlin mayor and the NH governor seem to be on the case at the home front, also.
Stealing cheapie-shares from Nervous Nellies, strategic dumpers, and MMM/B-D insider-buddy-filling-3-second PPS drops is a cool way to pull down your cost basis.
Since alien abduction is really rather unlikely, the MMMs holding shares are still there, they just can't publish B-A quotations. . The current trading is handled by the Broker-Dealers instead, who report trade data to FINRA. To the best of my understanding, MMMs can trade via B-Ds just like we can. . The MMMs & B-Ds remain in bed with each other simply in reverse order from normal. . "..Whoopie..". . Two days in a row the LLEG EOD trade has been at 0.003, which is not something investors can manipulate as an Ask-slap at this time.
So far, anyone with an E*Trade or other unfettered account has been able to trade LLEG quite easily by working with their streamer data or the FRT time-&-sales info. . Soon, everything will be back to normal with MMM Bid-Asks, and good old 3-second buddy-filling PPS drops for smart people to steal with GTCs. . That certainly dispelled the myth about 'not being able to trade LLEG', regardless of the spam to the contrary. . In fact, I've had several B-D fills at the LOD following my own advice below; hence the negative tempest in a teapot effort is a moot point.
Harping on such minor technicalities is almost as silly as discussing the fact that 90%+ of penny stocks are created by a Reverse Merger of a company into an old Shell that did an R/S to sort out the old shell's previous screwy share structure - because that's the cheapest way to go public. . It equates to no more than buying and washing a Harley T-shirt you got at a yard sale before wearing it. . Big flipping deal, it's still your new T-shirt (..aka: viable company, with symbol, and shares)..).
More to come, IMHO..... . The Berlin project is bruised, but it's not dead yet.....
"..It would solve a lot of problems for them - SEC induced problems.." . Oh my. . Now it seems that the SEC is inducing problems, Preferred Shares (..which are typically owned to take advantage of any dividends..), management's history of seeking and developing new projects, and heaven knows what else, is some kind of a 'problem'.
If I had that many ongoing concerns, I'd think I'd cut and run. . Funny, being directly involved in the Biomass Conversion business, I'm still stealing super-cheapies on the dips - as noted below. . And, the slime-sucking MMMs seem to jump the PPS back to the 0.003 level at EOD.
Whadda conundrum..!!! . What to do, what to do, what to do...?!? . Buy more, I think.................
Regardless of the clear manipulation, it's hard to keep a good stock down:
11:27:00 0.0021 435000 OTO
11:26:53 0.002 400000 OTO
11:26:36 0.002 50000 OTO
11:05:35 0.0021 400000 OTO
11:05:29 0.002 150000 OTO
11:05:17 0.002 140000 OTO
10:51:02 0.0021 50000 OTO
10:37:07 0.002 250000 OTO
10:37:02 0.002 125000 OTO
10:36:54 0.002 1000000 OTO
10:36:43 0.002 970000 OTO
10:36:18 0.0019 384000 OTO
10:20:44 0.0019 200000 OTO
The last second 0.003 close yesterday is more indicative of the true direction.
Considering the Nicaraguan surf, and loose Baggies, you can imagine what fobboy sees when he takes his hands off of his pole.
Fishing is a real challenge for some not-so-coordinated folks. . It's a good day for netting BFHJ cheapie-shares, though...........
Not that it would seem to matter to you, but my cost basis is lower than today's prices and allows me to collect at these prices and still maintain that condition.
Sorry to bust your bubble. . Tee hee.
ps: Read and follow directions, it truly beats repeatedly hammering your fist on the beach..!!!
NOTE: . It is my best understanding that the departure of Cate Capital will not have an ultimately negative effect on the outcome on LLEG or the Berlin project. . Everyone knows that the Media always sensationalizes everything negative they can print to boost their sagging sales, especially true for local papers, etc.
If you ever want a good opportunity to increase your LLEG super-cheapie collection, I think this is it. . Follow the RECO in my signature. . I'm a definite BUYER starting today.
Old adage: There is profit is confusion - engineering and law firms thrive on it.
I wouldn't count to 10 quite yet, Ref. . There are numerous other Bio-financers who should be very interested in a 'shovel ready' Biomass project like Berlin with backing by a local state Senator.
Often hidden behind the scenes are some Real Estate and Banking schmuck(s) who see potential profits in acquiring the leftovers for re-development once an effort fails. . And, like the Harper's mother on Two & Half Men, they have few scruples about how they get their hands on a property to pedal or whom they have to bed with to do so..!!!
Living in a small town in Iowa, I've seen the local wheeler-dealers try to bring in a stanky asphalt plant that would have been located on leased county DOT land and destroyed the value of 1/4th of the properties in the county ( we put a stop to that crud pretty quick ). . And, I've seen valuable and landfill-reducing, hog lot stench-eliminating, Green Energy producing Biomass projects get stalled to the point that the financing finally went away.
The point being; LLEG seems to have the legs to outlast the covert road-blockers and back-door Charlies, so its just a matter of time IMHO until the project moves forward.
No, re: taxes. . Many times attorneys, engineers, architects, medical personnel, and others will donate their expertise and time to a worthy cause as a volunteer effort. or as 'sweat equity' to potentially receive a service commission for future paid work when an effort like LLEG or a specific plant is profitable.
I.e.: a gift of currently undetermined and un-billed value.
Ref: I consult (EE) to churches, CAFOs, small businesses, and friends all the time. . When they get rolling or have a big expansion perhaps they'll hire me at that time.
Considering that the 30-year ROI 'pinwheel' proponents are praying for the wind will blow 'once in a while' - to disguise their publicly-funded folly; the winds of progress for Biomass Energy Conversion and new jobs will certainly come to the forefront - especially if the administration in D.C. tries to scare the old folks again with its hand-wringing Default tactics.
IMHO, people are getting really tired of foot-dragging and procrastination by bureaucrats sitting on their round ends and delaying valuable Green projects.
ps: Here's to the smart folks collecting LLEG on the cheap -- Hoorah..!!!
Excellent post. . I've been around LLEG from just slightly higher levels than your acquisitions. . I've been in the Biomass-to-Energy business for about the same period of time. . The government doles out money to super high-tech whizbangs that fail, while simple but much improved systems systems ( Anaerobic Digestion and Waste Wood Processing ) are left to fend for themselves. . Big Oil fights every improvement tooth and nail, and Buffett, ea al, screw us all over with 30-year ROI pinwheels that are only 30%- efficient.
The Biomass game takes time and perseverance that LLEG has shown the quality and ability to tolerate. The muttering opposition offers NYSE & AMEX-grade technicalities and demands for transparency and disclosure that small Biomass start-ups can ill afford while on the Pinks.
More LLEG projects and acquisitions are in the wind, and things will happen once the erroneous SEC concerns have been swept into the dust bin of history. . Lots of great opportunities in Iowa when the company is unfettered by bogus online SEC snitches and other self-serving interests.
As previously noted, I called Ed yesterday and had a very pleasant chat about numerous things LLEG. . Most salient was the fact that no discussion, considerations or thoughts of making any changes to the stock structure have or are being considered. . "..Poof..,", repetitive, baseless rumor obliterated..!!!
Perhaps that will persuade others to "..let their fingers do the walking.." and put to rest the unfounded misrepresentations that the only path to success for LLEG or other sub-pennies is to do things that concern and annoy investors..!!!
Per FRT this morning, yesterday's volume already achieved and PPS range is +/-0.0001; kinda snug, aye...
No doubt. . I'm sure the poolside bar is giving her a stool closer to the margarita blender and cash register every day.
The problem is that if she nods off during her daily investor-funded, 2-hour Siesta, she could drown if the mixologist is at the far end of the counter.
Not much sense in paying retail for BFHJ just before the big summer Holiday sales, or before Mizz Whizbang & Krew get off their thumbs and follow thorough will complete filings, 3rd party News, and PRs following.
It's the same reason that I buy 90+% of my premium gasahol at the local Co-op vs. some gougy BP station. I could buy 100 octane low-lead Avgas at the local airfield if I wanted to throw my money away; but, I only do that for my scooter when I go to the drags. . I think its called Fiscal Responsibility - currently hard to find here in the USA.
Considering the general negativity associated with O/S-reducing stock structure adjustments, and the liquidity already provided in concurrence with future LLEG sales gains, grants, gifts, low/no interest loans, and/or forgivable loans for Biomass efforts, etc., it is really surprising to see that opinion repeated so often by an experienced penny investor.
I don't believe it's in the plans, and I'll confirm that with Ed here shortly. . It's so easy to get answers, if one will simply dial the appropriate numbers and pose their questions.
( main company # + 3 + 33 + 1 )