Biomass Secure Power Inc. (BMSPF)

[PhillipD]

I still have nagging concerns. I'm not a basher, but there are so many loose ends that haven't been explained. The unlimited authorized shares I'm more comfortable with since at current prices they couldn't raise enough capital even if they issued a gazillion shares. The problems I do have are the unanswered questions:
1) If ground breaking was scheduled for October 1, 2011, what's with the delay?
2) Why announce groundbreaking before you even have the land?
3) What happened with Lower Nicola Indian joint venture?
4) If a joint venture is required to fund construction of the new plants, it sounds like no agreement has been reached yet.
5) If giving up a 30% stake in the plants in exchange for the joint venture, will this effectively reduce margins by 30%?
6) I imagine the construction season is relatively short in BC. Are we looking at March/April before construction starts?
7) Does the contract with LG make allowances for failure to deliver by the appropriated date in 2012?
8) Why was Mayor Ross misquoted about permits being done in a month when the plant site isn't even located within the municipal boundaries of the Town of Lake Cowichan?

There may be logical answers to all of these questions, but not having those answers doesn't give me the warm and fuzzies about my investment.

On the bright side, the one comfort I have is that it appears that all Board members are real people with their own companies. Burns Energy Systems has enough technical detail on their website that it would be hard to believe that someone could fabricate it. They also have their own mailing address.

Phillip