Okay, here it goes.
The field they are in requires huge amounts of capital expenses which BEHL only raises by diluting common shareholders.
They require alternative means of funding and can not always proceed as planned due to financial restraints which drags out their projects, incurring more expenses than originally planned.
Algae research and development from big corporations is not not finding its way to BEHL which means companies receiving hundreds of million from big oil companies are likely to be the ones who reap the rewards of algae.
Even if BEHL does create something, their financial position is so bad that they would likely lose the majority of their own business because of their inability to fully fund their own projects. Everything they do now requires JV money.
I see any real revenue stream being far enough away that the stock will likely be so diluted by that time that there would be no real way to salvage it or the 7,000 people who spent the money to provide BEHL the opportunity to make it.
They have too many shares outstanding, they require more shares to fund operations and they will likely need to reverse this at some point in time if they want any serious investors to provide funds to the company.
Currently the only helpers are people like Dan Ryan and Roger Pawson. Not quite the company big business turns to for help. But then again, those deep pockets aren't looking at sub penny microcaps.
In other words, even if BEHL is able to pull something off down the road there will be so much dilution that the company will have to wipe the plate clean. What some see as getting in on the ground floor I see as simply drowning in the basement.
It isn't that I do not think BEHL will fail as a company. I simply think they are so far behind in terms of capital and financial ability that their current shareholders are going to drown under the weight of all the shares that are needed to get to any real sustainable level for the company. The penny market is full of crooks, thieves and manipulation. It isn;t as if the company itself is all that is at play here.
You have penny stock pump jobs like PSC that can hurt you as well. In this arena you are likely to fail because the groups that work these boards, providing death spiral financing, promoters, pumpers etc. destroy these companies with no regard for what the company does.
There is just so much working against these companies that failure is almost certain. The companies need for cash kills them all the time in the microcap market. They have to have money, they can not get it traditionally and the funders who troll the penny market come with baggage as they will manipulate the stock in order to maximize their profit. It is that use of shares as a form of currency that will likely drown you here because those who fund these companies are getting rich off of you going broke. It is just a transfer of wealth that has nothing to do with company performance or possibilities.
