Well kudos to John on this deal Breaking UP. I have been in this stock long before it was a stock and have been in the JMCP/ONYI deal since last summer. As some of you will remember I questioned the necessity of the Ethanol from the start. The only initial reason I could see was for the use of the carbons with regard to plastics. John Stanton is now furthering the value of the carbons In these type of processes in Building materials business and this is not to say they will be selling him the carbon. Since January other companies have started that will be producing SIPS for building materials and one from the west coast has already said this will account for 25% plus of the housing market in years to come.
Since my brother contracted with EFTI for the cavd the one problem in the formula was the use of the carbon. Hence the fertilizer Business use. This is a way to recover profit from wastes and would be viable for now, but down the road or even now there are more valuable uses of this as A Product and not a waste.
The problem I have with ethanol is that it is only a STOP GAP method of addressing our fuel business. Ethanol and its processes of producing all have the formula for HIGHER PRICES and problems in there use. They have lower power output and that directly relates to MPG and also HIGHER TAXES to the government per mile. This does make the government happy but it doesn't help americans.
I will stay away from the whole tree hugger B/S as these problems have already been address by the EPA in diesel at the cost of all americans in the price and loss of our homes and everything we buy. The fact is with the 2010 mandates added to this years mandates on diesel motors you will be able to breathe the exhaust of a truck. The tree huggers traditionally will exhaust any expense as they are fueled on emotion and really don't care if all americans have to live in a treehouse.
Ethanol will have to go thru a major revolution of the final product before it will meet americans needs. J/Rs solution is more cost effective and will be the most important to americans mainly because it can be used in diesels. Americans are not going thru the largest amount of forclosures because of gasoline prices as that really doesn't count for the 50% of there budget that other factors do. Since the hurricane and the politicians got blasted on fuel for cars no one was minding the store. There was a shifting of price well before the 2007 epa removal of sulfur in diesel fuel. IF you remember this used to be the cheap stuff. Now it is the premium priced everywhere and in some places as much as 20% higher. This is the indirect cost that has caused the problems in are economy.
For months after the hurricane Manfacturers where reluctant to raise prices of there products and where waiting the prices to go down. When this never materialized they passed on cost and more. It is right now even being set forth in the price of milk in congress now. An american pre hurricane that spent 20.00 for gas is now spending 40.00 on that product. That is only a 1000.00 dollars a year more and it only means three or four less trips a month to walmart. But on the backend everything else we spend on is going up even faster and this is the killer.
This is a long ways to go to the value of JR's product but that will help affect are spending on more products then gasoline or $20.00 a week. Hell I spent 89,000.00 on fuel last year. and I collected 57,000.00 in fuel surcharge. Quess what that 57,000.00 was added to everything you buy.
His fuel is a valuable asset to the diesel industry even if it never makes it to a tank on a truck. The fuel price is based on SUPPLY AND DEMAND and if he helps increase the supply, that will lower the end cost to you.
This is a startup business and he can not afford to slow the motion with a bad partner and I questioned Mcgovern about his pr before they even started giving free shares from JMCP. Of course I will not look a gift horse in the mouth and accepted those shares. I just hope when the restrictions are lifted they will have value in two years.
Here lies the problem JMCP shareholders are still questionong the accounting of the extra shares issued in ONYI from JMCP's capital and why the shareholders are not getting those. Now just to make it worse for a PR nightmare MCGOVERN has hired Fat Frank Love as the ceo of JMCP. He has his own ball of problems. QBID and many others. The accounting of those shares and many other factors are being raised in retrospect and luckily before john allowed these into the corporation.
My best quess is JR didn't want to drag along excess baggage and ACMG I think pointed this out also. As far as capital they have the resouces available right now and are moving on without the PR mans nightmare. As far as the market apparently they also like the loss of the MCGOVERN gang and look for great things from this. The process stands on its own merits and has always been viable from day one when My brother stepped into the picture. It was just a matter of convincing and that with JR's bold move has told me someone with money is convinced.
We will finally see the light next week and move on especially with oil at the break of an all time high next week.
Could not have better timing and we will finally see the respect in price this stock deserves.
Now either get on board or if you do not have the nerve for these speculative plays go buy Disney or Toyota and you will save on little pruple pills and prozac.
Good Luck and Enjoy the roller coaster ride in the worlds best amusement park, The great american stock exchanges.
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