Futuris Company (FTRS)

[tungtung]

Gonna POP tomorrow on news from Wall St News

Enviroxtract (OTC:EVXA), which provides environmental remediation applications for oil spills and other toxic chemical remediation,

http://www.wallstreetnewscast.com/news/2010/may/bp_accountable.html


Time to Hold BP PLC Executives 'Feet to the Fire' Regarding Clean-Up Response
Last Updated: May 24, 2010 - 7:15pm EST

(New York)--Now is the time to hold BP PLC (NYSE:BP), and their executives, accountable regarding the clean-up and compensation efforts in the US Gulf of Mexico oil spill.

Already one month since the explosion of the Deepwater Horizon oil platform, and corresponding oil leak, and BP PLC has shown a lacked response when it comes to clean-up and compensation efforts in relation to the growing oil spill. But now the time may have come to start pressing these executives against the wall and demand a more comprehensive response.

For many who may have followed the government and TSA efforts to increase spending for homeland security products are aware that many small security solutions companies are still waiting for government funding and contracts to be filled more then 8 years following the WTC attack on Set. 11, 2001. Now, no one can be too shocked by the grind of a governmental bureaucracy, and the implantation of small innovative solutions in the homeland security field. But, in regards to BP PLC, which is an International free-market company, the lack of response may be something even more dirty then the oil spreading in the gulf, that is prevention of lawsuits and controlling budget costs for this event.

If BP really considered this to be a true disaster, and wished to stand-by their PR efforts to do all that is needed to solve this crisis, then they would start to release funds to both well established and small solution providers just to get the ball rolling. Instead, they are controlling the information most likely from advice from legal counsel so as to reduce possible lawsuit issues once the crisis is over. As well they are holding back on spending on possible small innovative solutions so as to begin controlling the overall costs this may cause their corporation, profit-wise.

As many small-cap traders know there are a few small innovative companies that could provide solutions when it comes to clean-up efforts in the US Gulf, but BP's concern of budget and legal costs has most likely been preventing them from moving ahead on these options. Some of these companies are ACT Clean Technologies (OTC:ACLH), which provides solutions for cleaning ships contaminated in the oil field, MOP Environmental Solutions (OTC:MOPN), which manufactures and distributes MOP® Maximum Oil Pickup, a patented product that picks up and recovers oil spills on land and/or water, US Microbics (OTC:BUGS), which provides 'green' cleaning solutions, Enviroxtract (OTC:EVXA), which provides environmental remediation applications for oil spills and other toxic chemical remediation, and TGI Solar Power Group (OTC:TSPG), which provides mobile waste disposals units capable of handling 20 metric tons per day.

Do these small companies provide the ultimate solutions for this oil spill crisis? No, of course not. Are there larger companies who can provide better services and solutions? Yes, absolutely! But, if BP PLC were serious about working the public relations front on controlling and tackling this growing disaster they would begin spending the money in any and all programs and work out later what works and what doesn't. But their main concern now is control upcoming lawsuit and spending costs. Maybe they should throw the US executives of BP into Federal prison each day they refuse to open up the corporate coffers to begin spending on clean-up solutions, and compensating fishing and business communities in the area. If that fails to move the company, then seize their US assets, auction them off, and bar BP PLC from any and all US contracts for up to 10 years. Maybe that will finally get them moving, but we doubt it.