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Re: SteveSchiets post# 1030

Wednesday, 07/14/2010 10:15:08 PM

Wednesday, July 14, 2010 10:15:08 PM

Post# of 15665
I am still buying at the .08 area, and below when and if it gets there. This CEO sure knows how to get news out, I Googled the new guy and got swamped with news hits all over the place!!!!

http://www.google.com/search?q=Dr.+Howard+Fong+shell&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a

Right now I feel safer playing this one than I would betting on BP's survival. You never know who will make it, survive, or get burned with a surprise BP screw up, or a valley of death failure to make the goal line.

No, I would not bet the farm here either, or on anything for that matter. I am spread out in 22 different stocks, not just this one.

But I will say this, if anyone can pull off selling a CO2 conversion to gasoline plant, it will be these guys!!!! Byron has the right stuff to sell it (Ex-AOL media guru), and they have the right tech and plan, and now they have a key insider with a great track record for getting new tech in the petrochemical complexes evaluated, proven and installed.

Keep in mind it will take a CO2 producing power plant, a build-design construction firm, maybe a middle man operator / owner, and a gasoline company partnership to pull this deal off, and maybe even some US DOE funding help, or a tax credit or two (CO2). No small order, but when they brought Byron on board to sell the deal and I checked his resume, that was when I first decided they had a chance of pulling it off and I bought a few shares. Since then I have increased my base share holdings.

Admittedly, I have had to trade highs and lows, to justify holding long term while the price drifted lower, since I first got in at .32 IIRC, but I am convinced they will put together a deal.

Will it turn out like corn ethanol? I don't know, but it has a better chance I think than Corn ethanol did. Still, politics, as always will probably make it a rough bumpy road. For now, dilution is keeping the doors open, but they have managed to keep interest high with good press news, to keep a floor under the price lately, which is a great sign. I have no problem with dilution at this stage as long as the price is stable and the lows hold. If they do not hold, I will buy the lows, sell some at highs, and stay as long as I can. Partly because I believe in what they are doing, and partly because I believe big coal, big power, big money and big oil are going to jump on this train eventually.
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