Something is inherently wrong with this investment on oh so many fronts.
1. The very small lab at UTA has proven over the last number of years that the process is safe (no high pressures or unstable materials that could cause problems, etc), the catalysts work for the original gas-to-fuel process and the newer gas-to-chemical products, the system doesn't require a large footprint or outlandish power requirements to run, etc. Bottom line is the system works.
2. What has been holding the company back has been said to be not having the funds to build an initial full-sized unit that can be set up to get Enginnering/Safety certifications for the plant, show the actual volume the plant can provide, and establish the profitablility of the unit in regards to value of output compared to costs to produce the output. Last I heard it was somewhere in the range of $15MM to get this unit up and running at the Wharton facility.
3. This technology could be world changing in being able to capture stranded gas worldwide, be able to use waste gases that today have to be flared from oil drilling operations or emitted into the air such as biomass ethane gas, etc The potential value is in the hundreds of billions of dollars. Yet they can't find some large gas, chemical, energy company, country that is mostly desert and could transform a lot of their wasted useless land into productive land that could be made arable with the water generated by the plant and small towns built with the electricity that could be generated from an attached turbine to the unit, or individuals that are quite wealthy so $15MM wouldn't cause them much damage should it prove ineffective? It just doesn't add up.
4. I know the company had an offer made to them a year or two ago that I was told looked pretty promising yet it was turned down by mgt, then within the last couple of months I was told by the company that they had 3 offers they were evaluating for potential partnership of some type and these were being considered. Well, it looks so far that they are going to be turned down.
Does mgt not realize the common stockholder at this juncture would jump at anything that would provide ANY chance whatsoever that the comopany can survive? Do they think a white knight is going to appear with just the deal they want? I question mgt as IMO this is looking so much like a lost cause and they are doing nothing as the water is rising in the small safety boat.
Why still have the UTA lab running? After years they pretty much know everything as to how the process runs so no new data can be forthcoming.
To me this is like having a new hydrogen powered engine that is totally proven out but it will take $25MM to get a prototype built and the company is saying they can't find a source to come up with the $25MM in a market that is in the hundreds of billions if not trillions worldwide.
Like I have been saying, something is strongly askew and it is damn frustrating to see no movement forward in years. Even a letter to the stockholders now and then would be greatly appreciated just to let us know somebody is doing something.
AI
