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Re: SkyHigh2 post# 879

Friday, 04/09/2010 1:04:20 PM

Friday, April 09, 2010 1:04:20 PM

Post# of 15572
Actually, I am surprised at how fast they have progressed! Was not long ago that we were just hoping for a DOE grant, then got passed over, then hoping for a pilot scale plant JV, then they anounced the patent filing, then they announced they were ready to skip a pilot plant and build a full scale plant immediately (that was huge news!!!!!), they announced they could operate the plant using brackish (non pure) water thus substantially reducing the operating costs, and they had announced earlier the new technology for fixturing and reusing the enzymes that put a HUGE dent in the enzyme costs!

Only real issue is day traders and impatient investors jumping in and out of the stock. I have been where CABN is right now, and I can tell you it takes time to get these big deals done. They have moved faster than I dreamed possible 6 months ago. Unfortunately the share price has not reflected that yet, but has reflected share dilution from stock sales used to pay the monthly bills.

Only way to play this one is to buy the dips, and sell some (not all) of the rips till the big news arrives. I am 100% confident that DOE will fund something for this company this year!

I am long here, and have been (at various levels) since late 2008, early 2009. I am adding on pull backs to .08 or lower, and not selling at this time.
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