I agree, if they in fact have an exclusive dry reforming catalyst that is patent protectable, or already patented and licensed to CABN, and if it is the best one the world knows of, then I agree they have a great world class technology, a possible game changer, but these guys have pulled the rug out from under us too many times already, shifted gears too many times in mid stream, for me to pay today's premium price for shares, when we still have so many unknowns that they have not written down in stone yet. So I will wait to re-invest as well.
I just do not see why Byron won't spell out exactly which catalyst they are testing? A new one, the old un-patentable one, or the Canadian University one? Why is he being so vague about this?
I have not forgotten the Panic sell off in November last year when Byron released the news that their great new catalyst was not patentable after all and everyone was running for cover. When that happened I held my shares, and told this group then that the party might not be over. I was the lone voice in the crowd then as everyone ran for the doors. And I was right then, as they signed a license deal with the Canadian university about 2 weeks later. Unfortunately they never told us what patent #(s) they licensed? They never told us if it was the same one they had re-discovered and run their own tests on, or a better one, or what? Just too many secrets right now for me to trust a group with the track record they have so far.
Why haven't they mentioned the Shell engineer for the last 7 months? He was the reason I stayed on board last year when I first thought about giving up this outfit.
Mark my words, the next 10-Q is very likely to show new shares sold at .80 to $1.60/share in the last 3 months!
And once the old shares are physically replaced with new ones, and somebody lends them to shorts, we will see a nasty dip here.
Ambition with out knowledge is like ship in dry dock. Going nowhere fast!
