I briefly looked at it last night and remembered their biochar product is what I looked at previously. I didn't recall their torrefied pellet product line which is probably why I stopped looking at them. With respect to differences between the two companies, I don't know for sure without looking into VGPR a little more, but these are the the red flags I would probably look into (VGPR vs BMSPF):
1) 1.35 billion shares outstanding vs. 600 million
2) Both have great press releases, but BMSPF information is verifiable via public records (VGPR may be as well, but I haven't tried yet).
3) Biochar product concerns me. It's marketed as a soil amendment, but I don't understand how it is any differnt than potash which has been used as a nutrient for ages. No doubt it works, but of the three types of nutrients (Nitrogen, Phosphorous, and Potassium (NPK)), burned wood/ash/biochar provides the "K" which is good for fruit production. Also raises pH in the soil which could be detrimental to some crops. I just don't see the competitive advantage over potash.
4) Torrefied pellets is interesting. They say they have contracts for production which sounds promising. My understanding is BMSPF has given up on this, so if VGPR can make it profitable, they may just have the competitive advantage in this arena.
5) Reverse splits have been mentioned as possibilities for both companies. VGPR says they canceled their reverse split. BMSPF went onto another finance plan that didn't involve a reverse split, but hasn't ruled it out either.
6) Both mention moving off the pink sheets. With VGPR's 1.35 billion shares, I see it hard to meet minimum share price involved with other exchanges.
7) VGPR talks about entering the agricultural amendments marketed to cannibis growers in Colorado. I can't help but chuckle and question the business case for marketing to pot growers over any other ag product. Just seems silly, but I'm a social conservative who has never smoked pot so what do I know. :)
8) Name recognition? I'd say both are relatively unknown, but I've seen more in Biomass Magazine about BMSPF than VGPR. Googling it just now, it looks like they are in Biomass Magazine in several articles. VGPR on the other hand has a more active board here on ihub.
9) Proposed projects - BMSPF is currently looking at 3 million tons/yr of product after 2 phases. VGPR has 50,000 tons announced in one of their latest press releases, but I don't knwo if they have other contracts I'm not seeing off hand. Valuation wise they say this 50,000 tons will bring in $57 million/yr. Without doing the math, this looks way too high offhand and something I would question.
Phillip
