Syntroleum Corporation (SYNM)

[murocman]

Did not listen....read the transcript on Seeking Alpha. I think the downdraft was due to the fact that not contract information was announced other than the comapany they did have off-take contracts in place for their product, but were not diclsoing who or how much they were worth due to agreements with the purchasers.

I think there was also disappointment becasue they basically said the best they can do at Geismar is break even unless they have the $1 per gallon subsidy, and that they built the plant assuming that would be in effect.

I know these guys get a bad rap as being engineers and not businessmen, but I'm and engineer by training and that just seems like a very naive and bad thing to base your business model on to me. I'm really somewhat surprised Tyson would invest in that kind of plan. The fact that they did tells me there were either suckered or are thinking longer term/larger economies of scale in recoupling their investment. I hope it's the latter!

The other thing that does hearten me is that insiders continue to buy shares, and very recently. You don't do that unless you think they will pay off.

Given all that, I intend to ride this out for a bit and add a few more shares. I think once they get things going by the end of Q3, that will help the sahre price, even if they aen't necessarily making money.

GLTU,

Murocman