No, I haven't sent it to anybody. I was really fishing for other opinions. That's what these message boards are good for. I'm only one guy, and I'm sure there are other valid ways to look at this situation. My best guess is that Beemer could rationalize all the delays and changes in plan. From where I stand, the situation doesn't look good. The stock is selling for roughly half the offering price, and now they want us to authorize a massive dilution, so I suspect there must be some other shareholders that view this situation like I do.
And don't misunderstand me. I'm not trying to unfairly bash this thing - heck, I own it! When making opinions, let's base them on facts. I do like the long term prospects for ethanol - really I do. I just have some serious reservations about whether these guys have enough experience with ALL the aspects of plant permitting, design, financing, etc. It sounds like managing operations is really where their experience lies, but of course we're still miles away from that stage.
