Biomass Secure Power Inc. (BMSPF)

[PhillipD]

I stopped asking Jim any questions. He's ticked at me for asking the Port for public information and we totally disagree on this issue. Anyway, if this is insider selling based on bad news that isn't released to the public, I'm sure there are plenty of shareholders remaining to go after Board. For some time, I have been skeptical of the pellet sector with the renewables obligation (RO) being lost, oil plummeting, the dollar strengthening, etc. If Drax was to have them lined up to supply their fourth plant's conversion to biomass and the RO was gone, I can easily see BMSPF never getting off the ground.

Then again, this could just be the company desperate for cash and issuing new shares at whatever price they can. Not a good sign either.

Phillip