Of coarse I'm backing or "pumping" this stock because I believe in what GBOE is doing and how they are doing it. The fact that only 140,813,501 A/S of the 500,000,000 O/S has been used shows me the conservative approach this company is taking. Far less then many other pinks on both O/S and A/S.
And as far as revenues, I'll take from this PR a reachable (not outlandish, like some fly by night P and D's) projection:
GeoBio Energy Announces Completion of Merger and Formation of Plastics Conversion Technologies
8:30a ET April 23, 2009 (GlobeNewswire)
The Company, headquartered in Seattle, is prepared to move forward on several fronts to further develop its plastics recycling business, beginning with testing of its newly designed separation process, recently developed to increase the capabilities and output of the company's ASR (auto shredder residue) cleaning process. Additionally, the company announced it is pursuing a number of joint venture prospects, including the market expansion of its cleaned plastic product stream into feedstock for the hybrid energy field, as well as investigating the potential acquisition of another energy-product derivative recycling process. PCT expects that the successful acquisition of these new ventures would result in combined revenues of up to $17 million during its first eighteen to twenty-four months in operation.
