Full tankers are not given away for testing according to IR John Zervas, IR surely wouldn't give out false material information.
While they may give away the first 1-2 gallons, and then 200 gallons more following the first tests for more additional testing, they certainly wouldn't give away full $23k tankers away for free - after selling a tanker to OXY, and especially when they know that the first two rounds of initial testing passed with flying colors.
Jonny Boy Genius is certainly smarter than that, and it doesn't fit in with the OXY sale, or common logic.
I can see the scenerio you want to paint, no inventory as it's used for testing, and no sales as it's given away for free.
But we both know better.
i just got off the phone with john zervas in IR. I inquired about the aforementioned "dozens of potential customers". not only did he confirm that we do indeed have dozens of potential customers, but we are "IN THE PROCESS OF AQUIRING CUSTOMERS". of course i asked for a time frame but we all know how vague IR can be. he just said we were very close. i also asked about the amount of fuel we were giving these potential customers. he said they start with one gallon and then 200 gallons. ( i believe it's been alledged on here that 3-5000 gallons were used for the testing.if so, that's not the case. then i asked him if we gave them one gallon and it worked, then why the need for 200 gallons? he said they use them for different testing and processing. i didn't argue and accepted that. i also asked if we "gave" them or " charged" them. we do indeed give them the fuel to test. he said that's what is necessary to attain their business.
Rawnoc Share Saturday, September 24, 2011 3:33:08 PM
Re: snow post# 135139 Post # of 135207
Correct. Full tankers (214 barrels) of fuel are given out for testing. Which is also why it's laughable to claim the gross PROFIT margins of last quarter are to be expected forever. They included production given away for free to, for example, NYSE: OXY and Coco Paving before in preparation for future sales. There will be more free samples given away in Q3 while securing large fuel supply contracts.
