Ophir Resources Co. (SUFF)

[Oceanfreedom]

Some thoughts on the current PPS. Most Of all Biodiesel Plants have closed their doors since congress has not renewed the $1 tax credit. Total Production is probably running at around 25% nationwide. This has nearly shut down the industry. I actaully give ENTK some credit for forging ahead with ways to be profitable without the tax credit. Most other companies are just closing their doors nationwide: The $1 credit is pretty much pure "Net Profit" as the industry runs at break-even or at a small loss without the credit. As we all know, extreme biodiesel is a licensed biofuel producer. This is Probably one of the best businesses you can be in when the credit is available and ENTK is positioned to do very well with a licensed biofuels company. This is there bread and butter. I see companies all the time filing 10K's with 10%-15% net profit margins at best and this varies with the economy. So these companies on 60 million in gross sales make around 6-9 million net. Entk just needs to run a simple biofuels plant and make 6-9 million and there is always demand for fuel when priced right in the market and the tax credit allows this to happen. Again, this is ENTK's bread and butter and right now the industry is being crippled. Until this is resolved by congress reconcialing the tax extenders bill, we just hold on to any PPS we can and be thankful ENTK has not folded their tent. And I know some of the other ENTK aquisitions can be successfull, but once again we are probably talking about 40-60 million in sales to match what Extreme can make in net profit by pumping out simple biofuel. And with advanced technolgy it is only getting simplier.