HLK Biotech Holding Group, Inc. (AMHD)

[EarnestDD]

It was Todd's design as he told you before. No proof of concept was completed, it was the first of its kind.
jmo

Posted by: toddfitz Date: Saturday, April 19, 2008 3:54:58 PM
In reply to: JGygli who wrote msg# 16305 Post # of 33201
It's not completed, just a pile of parts still. I had it scheduled to be running on my birthday June, 2007 I remember. Invited Willie to come by and see it run as he was in cape cod. Then the money stopped coming and it got pulled from production, never finished it. I wasn't going to start again until they were paid up, they never got there. It also changed scope, added container, glycerol gasification, automation, etc and we never nailed down what the final price would be, Aziz always wanted it for free. It's programmable to run at 2 MGPY and I decided to program the PLC not to exceed that. I told them it wouldn't run past that until they agreed to a price to make it do more. I estimate it can do 6M GPY when done. A few months ago I agreed to complete it for 25k, plus balance after it was burned in. They were that close. When it didn't show as promised I just wanted to be done with them, Allen had moved on. I'd rather not say what the price was, it was too cheap. It was a "what can you build for this" kind of negotiation. I took the deal knowing I could throw an ebay style cheap processor at it and stay within budget, then tried to give them all I could for the money we had to work with. My main interest was in selling more. I also take R&D deals cheap to expand our product line. I ended up designing a very robust system and went over budget on my nickel. The container, glycerol gasification, and dry wash polishing were added which greatly reduce the operating cost. The hardware cost me at least as much as they were paying me. The labor, engineering, design, overhead etc were not covered. I hoped to recoup that by making it a 6M GPY down the road and getting the upgrade dough. We planned on going to market after that at .30/gal or 1.8 Million.