Hey Jack,
here are the changes between Version 1/2 and 3 (I posted this on the 12th of April) - the change regarding the building to be acquired is NOT in there, as it was done two weeks ago.
Here we go:
Difference:
Page 4, Table1: Financial Highlights through 2011:
Different numbers!
Page 10, fourth paragraph, last sentence:
Old BP: "...impeding most economic cyclical effects."
New BP: "...mitigating most economic cyclical effects."
Page 11,
Old BP: "...management believes it will captureits own market share within the targeted segments due to the following:
Global market demands in the targeted polyurethane user segments have already out-stripped supplies and are
experiencing significant material supply shortages, shortages that are forecasted to last for the coming decade. "
New BP: "...management believes it will capturea significant market share within the targeted segments due to the following:
Global market demands in the targeted polyurethane user segments have already out-stripped supplies and such
segments are experiencing significant material supply shortages, shortages that are forecasted to last for the coming decade."
Old BP: "...as the total required investment for such output would be limited
to $22M. "
New BP: "...as the total required investment with this new technology for
such output would be limited to $22M."
Old BP: "...ACMG has already a first contract for a five year duration..."
New BP: "...ACMG already has an initial signed contract with a five year duration..."
(plus one change from point to comma)
Page 12:
Old BP: "...above average profits. Licensing agreements being pursued world-wide will insure an additional revenue stream of significant importance. Furthermore, with a scaled up version now planned in Natchez, MS..."
New BP: "...above average profitability. Licensing agreements being pursued world-wide will insure an additional revenue stream of significant importance. Furthermore, with four scaled-up plants now planned in South East Asia,..."
Old BP: "...underlining principal..."
New BP: "...underlining principle..."
Old BP: "...Management is presently negotiating licensing agreements with China, Taiwan, Brazil and Europe."
New BP: "...Management ispresently negotiating licensing agreements with India, Taiwan, Brazil and Europe. "
Page 13, "Phase two"
Old BP: "...allow additions to grow into a bigger scale plant, scale..."
New BP: "...allow additions in order to grow into a bigger scale plant, a scale..."
"Phase three"
Old BP: "...implementation of phase, and expansion with a 1M Gal per day plant in Natchez, MS. Construction is planned to begin as soon as the first facility reaches full production, foreseen for late summer of 2007."
New BP: "...implementation of phase two, and expansion in South East Asia with an initial four ethanol facilities with a capacity of 1M Gal per day each. Construction is planned to begin as soon as the first facility reaches full production, which is foreseen for late summer of 2007."
Page 14, "Locations & Facilities"
Old BP: "...where a existing building has been negotiated."
New BP: "...where an existing building has been acquired."
Old BP: "...less then 1?4 mile."
New BP: "...less than 1?4 mile from the facility."
(plus changes from "square foot" to "sqft")
Old BP: "Phase three is foreseen to be implemented in Natchez, MS, where an adequate amount of biomass in the form of farm and
forestry wastes has been identified, sufficient to support the planned daily production of 1M Gal of ethanol. An adequate facility offering ample room for implementing the scaled up manufacturing process has already been acquired by the envisioned partner. The selected location offers the availability of an adequate labor pool and reasonable access to transportation roots for marine, rail and land shipping. "
New BP: "Phase three is foreseen to be implemented in Thailand and Malaysia, where tremendous amounts of biomass in the form of sugar cane, farm and forestry wastes have been identified, sufficient to support the planned ethanol facilities."
Page 15
Old BP: "...introducing additional costs but also possible additional revenue streams..."
New BP: "...which introduce additionalcosts but also provide additional..."
Page 16 and 17 in the old BP are presenting the Management Team:
- Alexander Cavasin, CEO
- Carmel E. Kenny, CFO
- Donald Pepin, COO
- Evgeny Stefoglo, CTO
and the accountants and attorneys we know from the former website
New BP: "ACMG’s New Management Team will be announced shortly following restructuring."
Page 19 (old)/Page 17 (new) = Financial Analysis
Change from "in $1,000,000" to "in million dollars"
Table III shows different numbers
Old BP: "...and the following table shows the projected revenue stream from the potential agreements presently pursued."
New BP: "...from the potential agreements presently under negotiation."
Table IV shows slightly different numbers
Table V shows significant different numbers with revenues starting from 2008 (new BP) instead of revenues starting 2009 (old BP)
Page 20 (old)/page 18 (new)
Old BP: "The investment is envisioned to be completed early spring 2007 with the missing $5 capital input which is complemented by a $1.8M loan and a $500K revolving line of credit."
New BP: "The investment is envisioned to be completed by early spring 2007 with a 5 million dollar capital input which is complemented by a loan and a revolving line of credit."
Old BP: Long-term Plans
Management is presently pursuing potential future partners to raise the required funds and finalize the scale-up engineering
during the implementation of the first plant for a full scale 1M Gal daily ethanol facility. Several locations across North America and in South East Asia have been identified which would be capable of sustaining a 1M Gal daily production facility with the locally available biomass in form of cellulosic waste."
New BP: "Management has now finalized an agreement for the financing of the funds required to finalize the scale-up engineering and implementation of full scale ethanol facilities with a production capacity of 360 million gallons per annum. Several locations across South East Asia have been identified which would be capable of sustaining the production capacity with the locally available biomass in form of sugar and cellulosic waste."
Page 21 (old)/page 19 (new)
Old BP: "...as shown by the Free Cash Flow per Share analysis, provide the ability to pay significant dividends at over $1 per share already in 2009."
New BP: "...analysis, will provide the ability to pay significant dividends as early as 2009."
(((very interesting change!!)))
Table VII shows different numbers AND different OS (from 2007 to 2011):
125m - 145m - 185m - 215m - 250m
while the old BP shows 250m from 2007
Difference from BP( Feb 28th) to the new BP
With Managament Team, but CFO (Carmel E. Kenny) is missing: "Presently Vacant, CFO"
AI
