Biomass Secure Power Inc. (BMSPF)

[lytnup]

Nothing is for sure on the pinks - while they haven't managed to make a go of it in the past doesn't mean that they haven't figured out some sort of stock-based funding to get something off the ground.......Even the blind pig finds the occasional acorn, and even the broken clock is right twice a day.

BC is known for its high percentage of worthless nano-cap scams; whether this one is in that category only time will tell. A glance back on its recent three year history does not inspire confidence, and an unlimited number of authorized shares certainly opens the door for endless death spiral CDs. Add to that the fact that the company issued themselves shares valued @ .0054 when it was trading @ .018 tells me that they have little regard for those who bought the stock on the open market the last time around, when they announced to investors that they were going to build (10) generators that ran on biomass fuel that they were going to supply. No permits, business plans, funding, or revenues from that pitch ever came to light, either.

Here's hoping that BMSPF management is not merely interested in collecting what it thinks it is due (in back wages and loans) by massively diluting the capital structure here on the "promise" of another unproven business venture.