Biomass Secure Power Inc. (BMSPF)

[PhillipD]

Everyone I spoke with seemed to know what I was talking about so if there wasn't a plant going in, I'd be surprised. The fact that the representative from the Town of Lake Cowichan said the Mayor was misquoted in the article was a much better response than, "We've never heard of them". They were aware of what the press release said without too much prompting from me. There's obviously communication with the Mayor of Lake Cowichan and CVRD, but the inconsistent details in the press releases make me wonder what's really going on. I don't mind schedules being delayed or unanticipated things popping up that might cause a short term drop is share price, but why issue one press release after another with statements or schedules that turn out to be wrong without clarification? I'd rather hear that the October 1st groundbreaking won't be met because of financing,permitting, political, or environmental constraints than to be left wondering what's going on or if any future press release is going to be incorrect. The one explanation I can think of is from personal experience. When you have a project with multiple tasks contingent upon eachother, the critical path can change with each little hiccup. Financing, permitting (in unfamiliar territory no less), utilities, real estate, construction contracting, source supply contracting, building materials, etc, are all issues they're dealing with. At one time they may have thought an October 1st deadline was feasible, but something came up. Instead of giving a new date each time the schedule changes, they may have learned their lesson and decided not to clarify until they know for sure. They would lose credibility fast if the schedule issued in a press release changed every week each time a problem occurs. No project is ever problem free, so they may being more cautious on the groundbreaking until they know for sure.

Phillip