Cheap Investor, I don't think you looked far enough back in the NGBF chart. NGBF was not up to $0.95, it was down to $0.95. The company has been steadily declining since the tax credit expired at the end of '09, but I think it's finally hit a bottom. It was around $3.00 when I took my position in the company.
This company never acheived operational value, but, from the get go, its intellectual property created value for the company. Their product was proven, and it was unique. It had strengths and weaknesses, but it was, and is, a legitimate project.
I followed NGBF in the trade publications and industry circles. We had management profiled, and several articles and reports on their unique industrial fuel. Coverage I've never seen on XPGH. NGBF has contracts currently, but previous management was unable to manage cash-flow. Currently, a new management team has been put in place, but, unfortuntly, they are considering new equity financing. NGBF was open and transparent, and that's why they previously traded on the NASDAQ.
Being on the pinksheets doesn't provide an excuss for not being transparet. PUOPF is very forward and open, and they trade on the OTC at around $3. But, anyway, the potential is there for XPGH to trade at around the same level as NGBF. Like you said, fuel sales weren't that impressive. According to the pr's, XPGH surpased NGBF's sales in our first year of operations.
Another thing XPGH has on them, 1,000,000 in cash going into these favorable market conditions. See NGBF wasn't able to restart their production, and restarting production may be NGBF's last chance.
So there it is, with a little more openess and explanation, XPGH will, not only, out last NGBF,but it will far surpase everything NGBF ever was.
