Net-Man : Thank you. Biomass Secure Power (BMSPF) was originally names Virtual Media Holdings,Inc.(VMH), and FASC was the parent company. On September 1,2002 VMH spun off millions of shares of common stock to FASC shareholders of record in order to become an independent entity . VMH later acquired Biomass Secure Power, an aspiring producer of wood pellets.
I believe that there is room for both entities in the wood pellet fuel industry. The KDS is mobile,and does not require a $147M fixed plant for production, It can be erected for a fraction of the cost anywhere in the world.
The plant that is planned for Louisiana has apparently found a market,the acquisition of a Bond in the amount of $147M to build the plant ,and has proof that a pipe conveyor can be built to convey the pellets to the Port of New Orleans,to be loaded on Pananmax bulk carriers for shipment to end users. It is inferred that the project is being funded by deep pocket utliliies, who are looking for cheap fuel to replace coal. It is my assumption that the Natchitoches Parrish Port Commission,would not even consider a long term lease without the Bond and the conveyor system,which were two of the lease contingencies. The Port must have demanded proof.
