ENGY - Enviro-Energy Corporation (ENGY)

[jmhollen]

I think you may be misunderstanding my position, as you have somewhat incorrectly described or edited it.

1) ENGY's gimme-share and personal greed structure is such that the big players will have to change their attitudes and put some more of their own money in - or nothing will happen.

2) ENGY will probably lose its rights to do AADS plug-flow digesters, which leaves them with only the SBR applications ( farms with 1000 animal units or less ). The work/hassle to do a small project is approximately the same as to do a large plug-flow digeter project for Big Bucks. Hence, small SBR jobs do not excite me at all.

3) The USDA/NCRS has left the discision making on who gets EQIP funds to local committees, which means that the best marketing effort in the world for the SBRs comes to a dead halt when you hit the "committee".

4) No government funds have been deposited to the USDA/NRCS for QUIP by the FED, and the farmers aren't going to do squat ( unless they are sued by their state's DNR ) without that money.

ENGY is dead in the water until all items above are resolved, hence I feel a Savings Account would be a better place for your money. Cory Colvin wants out of ENGY, to the best of my understanding. ENGY is ZIPPO without Colvico's balance sheet.

Reco: If you're already in moderately, at today's prices - hold. If not, wait until the story unfolds both with ENGY and the FED. There are much better places to PARK your money.

John