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Re: Optimus917 post# 1737

Friday, 06/10/2011 1:44:14 PM

Friday, June 10, 2011 1:44:14 PM

Post# of 15795
Optimus, I can not fault anything you said. I see eye on eye on that with you.

I think what worries me most right now, is the fact they are claiming to be moving to a higher exchange, and saying that is partly why they took 40 of our shares away in exchange for 1 new share. First off, 95% of R/S split shareholders that hold after a R/S, end up with a large net loss shortly after the R/S. The last 4 R/S stocks I held are down 50 plus % (I have learned that lesson the hard way!!!). But here is my biggest concern.

Either they are lying about the move to a larger exchange like NASDAQ (which means we can no longer trust what they tell us), or they are omitting the fact that moving to those exchanges requires a large amount of stock holder equity, and they have negative to zero equity right now, so the only way they can raise significant equity (like $5 million dollars minimum I believe) is to sell a lot of shares dirt cheap, or take on convertible debt (which I think is unlikely, but can not rule out), which would eventually turn into dilution shares anyway.

Two years ago the PR's led me to believe they had the technology ready to go, and just needed an Exxon to sign on for building a pilot plant. It turned out they miss led us that time as well.

Why have they not explained the move from gasoline to diesel fuel? Why have they not named the exchange they want to move to and explained how they expect to get there? Why have they not clarified which catalyst they are using, and its exact, current patent or license status? Why has Byron still not returned any of my phone calls from 6 months ago, when I did own shares?

Take a look at the commercialization info here:

http://en.wikipedia.org/wiki/Fischer-Tropsch_process


Ambition with out knowledge is like ship in dry dock. Going nowhere fast!

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