1. A CEO who is more inventor than businessman. Like I said,
I would not have chosen this route. Being a small
company, John might have jumped the gun on some ventures.
2. I didn't say Illinois Biofuels is dissolved. I said they
are not producing anything. If you are referring to the
dissolution of the JV, I was actually told by JR that the
JV was tabled (my word). That was back in June. But
given the reason, I doubt JR would go that route a
second time. But, that's just my opinion. Radcliff's
"showcasing" happened before he wanted JR to pony up
$ 1.2 million for a piece of property worth $ 200K. JR
himself said to me that wasn't a wise use of shareholder
money.
3. I'm not sure what you mean here. BCEI reported themselves
right that they no longer have anything to do with USSEC
or John Rivera. I would think that would "ice" the
dissolution of the JV. The rest (about the funding BCEI
reneged on and all accompanying details) were reported to
me by Richard Tessi at Redwood.
4. Well, that would have been nice, but since it was
Geobiofuels do you think you and the gang would have
been hailing it as proof positive? I'll grant you the
"first commercial fuel sale in history", but I doubt the
2400 gallons (24 gallons of USSEC additive. a-ha, beat
you all to it) would have satisfied any of the naysayers
anyway. Ron says Geobiofuels is negotiating the next
fuel transport (i.e. sales) via rail. Maybe then?
Not only that, I think we'd like (and some expect) JR to
PR everything including what time he goes to bed. That's
unrealistic. Companies do what they do. Even big,
established companies.
5. "Taunt state and federal regulators"? Wow, that's pretty
strong. I think John has been told things by these or
similar parties or maybe even his attorneys and has
repeated them in true JR fashion. You don't like his
delivery (heck, you don't like him at all). I wish his
delivery was different, but it is what it is. He, and
regardless of whether Kelmer deceived him or not, was
ultimately responsible as the CEO to make sure these
things (i.e permitting) got done. Unfortunately, while
being maligned, I think John is the one who is too
trusting and that got him screwed with Kelmer. I hope
he learned that lesson. Never trust the other guy too
much.
6.,7.,8. I don't think I have said "it's always someone
else's fault" I have said repeatedly that management
(and that means John) and again in number 5 that John
bears the responsibility for the permitting situation.
He's trying to rectify it. Would it make you feel
better if he PR'd it? I doubt it.
I also said (without using the word, fault) that John
probably shouldn't have rushed into some of these other
failed deals. He won't be the first, he won't be the last
and ultimately I think it was his zeal for this product
that made him rush. It was unfortunate mostly for
shareholders in the wake of negativity it left.
But, let's face it, it doesn't matter to me what you say
because I don't believe YOU and it doesn't matter what I
say to you because you don't believe ME.
If I'm a "mark" as you say, then I will lose my investment
here. While it would be the first in a pink sheet
company (should I PR that?), it won't be the first time
and doubt it will be the last.
Time will tell. One of us will be wrong. I'm hoping it's
going to be you.
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