Biocentric Energy Holdings, Inc. (BEHL)

[BigBake1]

Far from it, lets just look at two PRs that are in play currently, they are in fact current events so therefore it is worth reading if we were to assume the past plays no role in the future.

BioCentric Energy President Provides Important Shareholder Update
Date : 05/20/2010 @ 12:40PM
Source : GlobeNewswire Inc.
Stock : BioCentric Energy Holdings, Inc. (BEHL)

1) The company's first client to purchase the BioCentric commercial
"Algae Pro" closed-loop Photobioreactor has funded the second installment to BioCentric. Subsequent installments will be funded in May and June 2010. Due to the very nature of being the first commercial client BioCentric has consented to a Partnership Agreement

This here is one of my favorites because here the company is claiming a sale and collecting money, this is the current project going on now and to date, not one single dime has been collected from the “client” as explained in this awesome PR. In fact we all know the shareholders paid for the entire project and supposedly BEHL will collect when the project is complete. Some huge problems with this whole thing as shareholders were led to believe they had a paying customer, and even worse, now that “client” became a partner meaning they get a portion of sales that BEHL arranged. Interestingly enough, this project is struggling to stay alive and requires far more funds than ever anticipated. So much so that this thing has overshot its original cost quote of 300K and is probably approaching 3 times that value that they started laying people off to save costs. Seems to me this PR is every bit as current news as you can get.

So far to date you may have two completed cabs, which is really stretching the term “completed”, and the other two cabs sit, one may have something laying in it and the other is empty. Nothing of support for the utilities and well the need for more resources. So far a huge burden that has been supported off the shareholders back on what has been called a “CLIENT”.

My next favorite is something even more recent and will finish with absorbing all of BEHL in the process:

Biocentric Energy Announces Multi-Million Dollar Deal
Date : 07/30/2010 @ 5:00AM
Source : GlobeNewswire Inc.
Stock : BioCentric Energy Holdings, Inc. (BEHL)


"This week BioCentric Energy's President, Monique Berry will be signing a multi-million dollar LOI with a Nevada based public health and nutraceutical company. Due to the terms of the agreement and NDA, the company name remains confidential at this time but will be announced shortly. The contract consists of BEHL producing commercial volumes of algae and algae derived raw materials, specifically to be used in the Nevada Company's health and nutraceutical products. These products consist of health and sports drinks along with a wide variety of vitamins that will be sold into existing markets and available to consumers worldwide." "This valuable contract," stated Mr. Fisher, "is directly in line with BioCentric Energy's business plan to facilitate contracts for BEHL clients."

Where do I start on this one? A multi million dollar contract? Signed by Monique and then signed by the other entity which is Monique…awesome… Another “hollow” story that has turned into a complete bust of supposed acquisitions of all assets.. I mean some but not all, but could include, but may not include… Ahhh you know what they mean…

Here is an empty shell being shored up with all BEHL employees, the new CEO has shown the cards here as the worst interview, yes even worse than last years CC call in, resulted in showing there is absolutely nothing of value at BNPD. Further more slip ups by both CEOs have provided clues to the transition of BEHL into BNPD. But hey they signed a multi million dollar contract with a shell that just resigned all of it officers to clean out the shell for BEHL people to be placed into positions… AWESOME!


Point is the past in this case proves the mis managment going on to date. It is a trend that cannot be overlooked, no different than the trend of amenments each one delivering the news of another raise in the AS. Now the company is going dark and scrapping one of the few things of positive aspect it had... its transparency.