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Re: Gator38 post# 64185

Wednesday, 10/01/2014 11:55:54 PM

Wednesday, October 01, 2014 11:55:54 PM

Post# of 76488
Gator, Thanks for replying. As someone who went through the Georgia fiasco, I can see why your eyes are focused on Allendale. It's all that really matters...getting the plant up and running. No telling how far things could go from there. I've just been trying to assure myself that Molen has his part of the financing. I don't question the product, processes, or their ability to sell. The demand is there and should increase. Biochar is a bonus. But we have to get the plant built. Your DD seems to indicate we are on the way. Hopefully, the USDA did check out the plant's financing as a whole, including VGPR's. I agree that Joe James and Agri Tech needed Molen for the financing of the plant, and the big order didn't hurt either. I don't think James had the money to pull it off himself. They do sell torrefaction machines and the typical one sells for 5 million. They have proposed a scaled-down version for Allendale for 3.5M. If they have the money, they plan to increase the machine, or if necessary, add more later...Joe James said they have plenty of room at the site. I just hope he stays with VGPR in future plans. He holds the license and patents and has Govt. connections. When projecting future price per share, just remember how many are out there...you, as a preferred B shareholder, know better than most.

GLTY and thanks again,
RL