Biomass Secure Power Inc. (BMSPF)

[PhillipD]

My guess is that they are finding interest in their product, but unprepared for the actual costs and regulatory measures required to bring a project into construction. I've been in the land development business most of my career and the one thing that seems to be consistent is developers have rose colored glasses on and have an expectation for everything to go smoothly. They often stumble around for years putting out one fire after then next when it was a fire they could have been prevented if proper planning had been done. Then other things like the steel tariff could pop up and make a financial mess of things.

On a side note, the latest Port minutes from October say that Biomass is on hold (something we already knew).

Phillip