Notes from the interview.
Hawk Hogan Research Engineer
Owns and has applied for patent on specific frequency microwave that
cracks hydrocarbons into diesel fuel. There is coal, shale and in ground and oil sands that have hydrocarbons... using process... something similar to what flies unmanned aircraft or radar. Works to Regasify - with no emissions, cracks hydrocarbons into diesel fuel.
Trends in market?
One of a kind, has been tried before.... same type of technology.
Here we are, importing foreign oil unnecessarily, 400,000 capped oil wells, 50-65% of oil still in ground, still in shale. Out west has enough to sustain us for 400 years. This technology they are bringing to commercial enterprise has never been done in this way that GBRC does it. It was tried with 2450 megahertz specific to H20 molecules same as home microwaves- GBRC's frequencies specific to hydrocarbon molecules. One of a kind which is why they've applied for patent in process.
Competitive edge?
President Frank and Hawk worked together 30 years for packaging industry developing machinery (goes into breweries, distilleries, food manufacturers). They have a manufacturing division that produces this type of machinery. With backgrounds in automated machinery as they have, GBRC has ability to take this technology, build it into machinery and make it realistic.
Jeff Andrew CFO
Outside board of specialty scientific people. Worked directly with Penn State University
Sub Contracts out details, developments and subassemblies.
They have outstanding proposals designed for dredge (Baltimore Harbor) and auto fluff shredding and cleaning drill cuttings. One particular design, 25 million in proposals outstanding. Has just begun to process, proposing and designed machinery end of last year 2006 and beginning 2007. Previous to that company was specific to R&D. Now that they have gotten technology blessings by large oil companies they are moving forward. The also have a tire paralysis project which has 140 million outstanding quotations. They expect by this time next year at least half of that in orders.
This stock has a history of daytrading in the past.... he urges investors to look at long term. This is a young company, and is just getting things kicked off. To invest, do it for long run, he says it will pay off handsomly.
www.Globalresourcecorp.com
Gameplan is to eliminate Americas dependency of foreign oil.
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