Gents......you are not going to believe the response I got from Jan....I have tried to call, but can't ever get IR....so I emailed.....I had gotten a response about the 2/15 closing....which was confirmed....just not the final tally for Chang(still negotiating?)....and responded back about this issue....my question was...I read on a message board that lab test(?) were done in lieu of the "live trial" and that a pr was NOT going to be released. Is that correct and if so, what were the test results?....Jan's response was..."those test results were good and mentioned in a previous release"....OK...you guys didn't know about it....and I didn't know about it....what the heck?.....so I did respond back....."and the date of the release?".....it was about hour before closing.....I hadn't heard anything by 4pm.....so I went to work on my DD
The 10/15 filing.....go to page 8 under Grass Biz Division and keep reading through the next few pages....it did mention the independent test results...and that was refered to as DP's due diligence.....it determined that if you ran 100% GKG...it would take 600 tons per day to run a 30 MW plant....175,200 tons a year.....if you use the same math as the pellets....that's 4350 acres or so....at 80% efficency....if I read it correctly.(layman's terms).
I think it's a little shady to act as if VSPC is forthcoming....when I've been the skeptic...and I wouldn't have known without being prompted.....and you guys being longs....not realizing that this was out there....for Jan to be so cavalier about it.....VSPC made a very big deal about the live trial in the pr as you guys stated and this is all we get? Some of you did mention some testing.....but said a pr was not going to be released.....some of you said the trial had taken place....some of you said it would be done 12/26.....as a late Christmas present....my point....no one was CLEAR......
Now this may not be the release Jan is talking about....but if it is.....the only thing this determined was fuel content(layman's terms)...and how much was needed...600 tons per day....I know that DP bought Bioener at the end of Sept.....it's tech runs at 92% efficiency...the straw....(Google DP CleanTech)
If this is all VSPC has with DP....I ain't buying that DP wants to keep all this hush hush....You don't replace lab test for live trials....using 300 tons a day according to the MOU....and turn around and sign some HUGE multi million dollar contract with a company that has 250 acres......when you have just bought a company that has a 92% success rate with straw.....and years of experience like Bioener.
As I understand the filing of 12/31.....it had to do with something VSPC omitted in the original filing in June....section 10.7....that predates DP......I could be reading that wrong as well.....but I don't think DP is hidden in that filing until 2013.
The idea that DP has big plans for GKG isn't adding up to me....if Jan was talking about what is in the 10/15 filing...and I don't have that confirmed....but if it is....DP went ahead with independent test....prior to the first harvest of GKG according to the 12/2 pr....which also mentions some sort of test from Europe.....
I have been skeptical from the beginning I admit.....but I've been looking at this thing seven ways to Sunday....you guys have been looking for HUGE deals.....I've been thinking the pps was going to pop....maybe....but why does DP want GKG?....the only people saying that....kind of..... is VSPC....not DP
VSPC may be in talks with DP....but how big could it really be?....I would think that if GKG was so great for DP....just buy VGE out....pay off Chang.....and buy GKG out right.....I think VSPC said that 200,000 tons a year was worth $20 mil....that's one 30 MW plant supply a year.....just pay $50 mil.....or heck even $100 mil....if GKG is that big a deal for DP....it would make as much sense as DP buying IPA for $12 mil more than assets....and VSPC would make money off the deal.....
I could see DP giving VSPC something like grant money for more testing....a few hundred thousand....but not MILLIONS....if what Jan is talking about is in the 10/15 filing....I don't see a very big deal on the immediate horizon with DP....now I know GKG grows like a weed....but I think before DP does a HUGE deal with VSPC....a small deal is in the works......lots of testing will be done....and VGE could get paid for it..... but I think it's coming a lot slower than some may think.....btw....I'm going to make some money on VSPC this year......one way or another.....I just ain't jumping in...with my eyes closed....glta
