Guess everyone has accepted their losses here. No posts for months. A record!

Since my last post, the announcement with Lucy sounds bogus, that they can't close on that. HT is in receivership for most all of their assets, but that doesn't mean there won't be a company or stock afterwards. Only that it will probably be worthless. I am not sure how there wasn't a class action lawsuit sooner given all their lies and false stock selling. Anyway, what will a suit recover? Not much if it is all being sold off. We are all screwed. Maybe someone will come along and give something for the share structure some day. Best we can probably hope for. Man....these guys were worse than asshole liars. Adam Levin is the Worst of the Worst. Go to Hell.

Very old news, and you obviously don't understand my posts.

You guys didn't really read my posts obviously. This place sucks. Whatever. I found statements, not on Sedar, explaining not filing in Canada. Why pay the mob? The company is pretty consistent with auditing and reports. They did their report but did not file on Sedar (Canada, and why pay the mob). I saw enough updates in the reports to say no change, they are just waiting. As I said, they say they might register in the US. No big news or lack thereof in your last few posts. Go read my posts. Or don't. But if you are going to say and post shit here, at least do your homework.

Moreover, the US wood products industry is supported by Republicans. The new governor of Louisiana is Republican. The whole SE is pretty pro-business, and they have excellent export ports. I see BMSP's chances of finding funding better under the GOP than the Dems, who don't seem to want any energy other than solar and wind. But party might not matter as much as more local players. Also this might be part of the thought to relocate to the US, to receive US funding. Unlike subsidizing unrealistic solar plans, like under Obama, BMSP's plan seems realistic, with a valid customer and funding. Again, my view. I'm an entrepreneur too, and I know how hard it is do anything, to change anything, even if it seems like a great idea. Ideas are a dime a dozen. Being able to get funding, and the funding itself, are the things that make new things happen. I wish them success in their efforts. I have shares, so I want to see it happen. Not holding my breath yet though.

I might not disagree with you on those points, but in this case I think it doesn't matter. Canada doesn't matter as a market, really. Neither does the US, if you have international markets. Europe has mandates for replacing coal, and Japan is interested. They can also license the technology to others, as they mention. I used to work in wood products in Portland, Oregon, and the Pacific NW is expensive for "cheap wood." It competes with higher value wood (Fir, Cedar, etc.). The SE of US is good for cheaper wood and pulp (Various Pines mostly, but some hardwood too). All the company needs is a serious customer or two, which it seems they have. Regardless of politics, they may get funding from wherever and be able to start up. Haha, ya failed wind projects, maybe Biden desperate for something pushes funding. I don't think it is "green" (or "extreme"?) enough though. But I do think there is a market for the product if they can make it. The company has been consistent over the years in making (extremely) small steps and doing their financial reports. Moving the company to the US is only a legal thing; it doesn't say much about the plan for the customer base. US customers would obviously be great. If they have to start with Japan, great too. My thoughts anyway.
PS. After Russia cut Europe off of gas, Germany and UK started buying coal and even cutting forests to burn in their plants! I bet they would like an alternative like BMSP. Another US pellet plant is owned by a Dutch utility company for their own uses, I read few years ago. Enviva is puzzling, but I haven't really dug into them much.

OK, an update with possible positive news. I did not see an updated filing with Sedar in Canada for Q4 of 2023, and the company still has a Cease Trade order in Canada. It seemed like silence and bad news. However I just found an updated quarterly report with MD&A from November 2023 on the OTC website. In it the company explains that they did not file on time in Canada and will do so when they receive pending funding. They have done this before and filed later, so it is not that worrying. Furthermore, they mention that they are considering relocating the company to the US since they are not active in Canada. That sounds like a positive development. It seems they feel that they have solid enough interest from Japan to proceed with building the plant in LA, if they secure funding. They mention applying for USDA funding for this plant, which they say could be imminent. However, it could also not be. The report mentions expecting news from USDA by the end of October 2023. Any more update about that will probably take time to come out.
I am sure the Laramie plant plan is not front and center, until they receive bigger funding actually to break ground in LA for the main plant. All in all, it seems BMSP is on track (or now we know) with developments to the story. It all seems fine and clear to me. They are pretty transparent in the reports and pretty consistent with producing them, now that I found the latest one not filed in Canada. It seems that they have crossed the first hurdle of securing some interest or demand, in order to justify proceeding with building the main plant. Now they are where one would expect, exploring avenues for financing to be able to break ground. Still no guarantees, but things look OK and like they are developing.

Update, and still trying to see if funds put into High Times will amount to anything for us. It sounds like it is still possible; but I don't understand the details enough to know. Reading LSDI's (Lucy Scientific) SEC filings, it says they entered into an agreement with High Times 9/7/23 with Closing to be mid September '23 or the Outside Closing Date 9/30/23. It also says both parties can extend the Closing. There haven't been updated filings to show the Closing, or any more recent Reports that address the Acquisition. In Lucy's reports, it indicated in 2023 that they announced an Acquisition in March 2023 and later added a note about Closing that Acquisition in June 2023, about 3 months later. The HT Announcement was about 4 months ago, so it appears we are waiting on news of the Closing. We may have to wait for another Quarterly Report by Lucy to get any update. A subsequent Acquisition by Lucy of BlueSky Wellness announced shortly after the HT Announcement also has not had an update about any Closing. So we will have to wait for future filings to see if the HT deal does close. If it does, then we can wait and see if it amounts to anything for us HT (supposed?) shareholders.

Sorry (like me) for anyone who holds money in this scam.

Yay! Where are we now?

Synaphai, wanna give an update?

Anyone following Enviva? Down to $0.99 today! Whoa, seems like they are banko! $13.60 in August, $7.70 in October -- NOW less than $1! And BMSPF has a cease to trade order in Canada that is a year old and no updates to filings. Deader than dead? This was supposed to be their "break-out year;" or was that last year? (or the year before, repeat...). Ugh, sad, I wanted this to work as much as anyone. Has me thinking, how do I create some pie in the sky scheme and sell shares? I want in on that!

Thanks CC for posting, as a patent shareholder (?). Grant money sounds like a Hail Mary here. No news. I don't think they have any money to do anything, or any know-how. Plus - the active Cease to Trade order in Canada. They have had that before, but have addressed it, which they haven't here for a year. Plus, they have not updated filings with Sedar in Canada since May 2023, I believe. In previous years, they have filed updates in October or November of the year. They probably don't have the money to get into compliance, let alone do anything substantial.

Wow! No chatter on this board from the believers? No "wait until they build a plant," or "I just talked to Jim..." What about that Cease to Trade Order in Canada? Where have all the believers and tea-leaf readers gone?

Here is a great article, asking great questions and explaining things in simple terms. One, the deal may not even happen. Two, High Times is in Receivership already, and the deal would need to be approved. No news on that front. Three, according to the article, regular shareholders' (us) shares have already been devalued down to $0.05 per share. OK back to being screwed. Even if the Lucy deal does happen, sounds like we will get pennies on the dollar moving forward. Read the short article here: https://cedclinic.com/lucy-scientific-mum-on-high-times-deal/

I'm not so sure yet Scout. EQ only had 1 of 3 purchases of stock I made. They said it was up to High Times to fix it. HT did eventually email me back saying they showed all 3 purchases of stock. So I am sure there is a record, and you should document your purchase for your own records. I have HT emails with mine. This was probably a year ago, not recently. Also, I've gone back and read press releases and what Ed58 posted seems to have been said more than once, also that it would "create liquidity for HT shareholders." I don't have reason yet to think our shares are gone. If the company HTHC High Times Holding Company still exists, then we still own shares. And if we own shares and HTHC receives cash and assets, etc. we should receive something, from what I can see. However, I don't know the deep details of the transaction. LSDI bought assets and is giving HT (HTHC? they have tons of entities) cash and stock. I wouldn't say we are out of luck yet.

Thank you for posting. However, in many ways, who cares? This is a long-going scam. I tend to side with Richard2. Sell shares, do nothing. Promise stuff always. Any "shareholder" should be demanding some action. I don't think they have money to do anything and don't have know-how to do anything. It's a sink hole. I think they are at a point where they can't and aren't selling more shares. Hence lows.

Wow, I am so impressed with what they have done! And you actually talk to Jim!!!!!!

How's this been doing for you Phillip, moderator of this board? You feeling good about this stock? You sure were a while ago.

Ok...uh....struggling to make the connection to this project. Understood that ANOTHER company diversified into other products. BUT this company cannot even make its primary product! Totally useless comment.

Look at my post from 3/9 and the link to the article. It says where they stand, which is on the brink of receivership. They've failed to pay debts and have until September 30th to make a final payment. Who knows if they have even made the prior payments per the agreement. The assets of the company will be sold, and maybe someone will buy them and do something with "High Times." Investors in this High Times debacle (like myself) will lose all their "investment." Shares will be worthless. September 30th cometh quickly...

Well said Sir. For one, just look at their websites.
biomasssecurepower.ca - suspended
biomasssecurepower.com - only 2 news posts from 2017 and shows biomasssecurepower.ca as their web address.
bmspf.com - lists the web address as biomasssecurepower.com, news from 2017-2018.
Not the work of clear thinkers and serious business people.

I don't believe they have any money to do anything, even if they knew what to do. Their annual budget is only around $250k and most of that is for their salaries. They only have $127k in assets. They are $2.8 million in the hole.

They tout these bonds, etc. However, they mention opening their Laramie, WY facility, which they have said for what two years, or more? For that, they are seeking grants, meaning they can't open it on their own.

To quote them:
The Company has developed a business plan whereby the Company will convert low quality wood fibre from sustainable growth areas into biocoal and has commenced the implementation of the business plan. The Company does not generate any cash from operations. Without the ability to attract additional equity funding or receive the ongoing financial support of its directors and officers, the Company:
 will not have the working capital necessary to fund current operations throughout the fiscal year 2023.
 will not be able to expend any funds on implementation of its business plan; and
 will have an expected working capital deficiency, resulting in the Company’s inability to meet
obligations as they come due.

Attract additional equity funding? Well they better get to work on that. Shares at $0.0005. If they could raise additional equity funding, they would have done so and would probably not be depending on a grant to open the Laramie plant. I wonder what their $127k of assets are??

One thing I will say is they have not died yet. Maybe something will come of their supposed LOI for samples testing. Open the Laramie plant? We'll see. They have been talking about a plant in Louisiana since 2012. Really we'll see. Not even sure they can make the samples supposedly ordered.

More "Sedars" out today - Weeeeeeeeeeeeeeeeeee

What is happening with Enviva, everyone should care.

https://www.fool.com/investing/2023/05/04/why-enviva-stock-is-plunging-today/

We hold a turd. Here is the industry leader, and they are plunging. "Jim's going to build a plant, eh?" Ok yah, bring it.

High Times fails to pay up in 420.com dispute.

https://domainnamewire.com/2023/03/23/high-times-fails-to-pay-up-in-420-com-dispute/

High Times in the News - and not for Good!

This article tells where things stand. HTHC has until September to pay off creditors and refinance debt. Not looking good folks. I wonder what happens to HTHC shares if they default, and this Mr. Kunkle receives the company?
https://www.investorsobserver.com/news/qm-news/4969037801551876

I love he calls it Sedars. Ahh the uneducated....so cute.

Sedar, I said it years and years ago. Now you gracias little puppies bring me the paper. Awwww

I knew Wildwertski would be reading the tea leaves. (is this guy educated?)

More horse-shit from the Big Acid companies, in my opinion.

Bonus, if you know that reference.

Ugh, bad news. Nothing from the company, and it sounds like they are failing majorly. Lawsuits, in default, a subscriber says she has not gotten a magazine since August. Not looking good kids.

From Oct 2022
https://www.greenmarketreport.com/hightimes-sues-original-magazine-owners/

What the Hell? Anything going on with this train wreck?

Yay!

Fine Fine. I have no problem with what you post here. However, I am not happy with myself for swallowing this shite piece. Yep, just one guy, and he's never done anything. Hence price has cratered. Thanks for your post. However, even more so, tea leaf readers, hand wringers, hopers, believers. Sorry I ever got messed up in this crap. Oh, price $0.0002. : )

Thank you so much for your insight

Richard2 - the only other voice of reason here

I'm not sure Phillip - are you talking about the $0.0002 price?

You moderate this board right? You know nothing of this stuff? Says a lot. Just Tea Leaf Readers here, nothing of note.

Been Two Weeks. OK Call Jim and give up an update since you seem to have an insider line to him. WTF do I care about that, btw? I don't need "Jim's" BS, I need actions by this under-water, lack-luster, POS project. All winds are at your back. Can you do something??? That is the question.

Oh PLEASE. How many times have we heard this shit before. Go ahead tea-leaf readers and believers. I put more money in when a significant company comes in. Not before. Been with with shit-turd 20 years.

Netherlands join Germany, Austria, Italy in reverting to coal amid Russia’s invasion of Ukraine
https://www.foxbusiness.com/markets/netherlands-join-germany-austria-italy-in-reverting-to-coal-amid-russias-invasion-of-ukraine

Very interesting developments, especially for this project. Coal is easily moved (conveyor belt, train, truck, ships), not subject to the requirements of a pipeline. In that sense it is more secure too. Do not underestimate the security benefit of coal versus pipelines. Coal is also easily stored, just outside anywhere mostly.

Pathetic Germany turns off nuclear in a panic, while their neighbor France is mostly nuclear and independent. What good is it Germany to be off nuclear when your neighbor is almost all nuclear? Haha.

And, Germany wants "Green" energy, but then they buy oil and gas from Russia? Biden gives them a pipleline and axes ours? Insanity - but enough of this administration.

Anyway, a few are eating crow in Europe this evening. Mmmmm.