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Friday, December 30, 2011 12:29:21 PM
But they have dumped one novel product and Chem Engr combo, twice now in 3 years, and are on their third version now, all the while diluting old investors to keep the lights on. At this point, the pattern suggests that it will either take them years to get to market, if they survive, but all they need is one announced, real deal with a major player like Exxon, to run the stock way up on the news. But even with a big deal with an Exxon, it may take years to turn a profit for them. At this point, after 3 years, it seems unlikely they will cut a huge Exxon like deal.
One thing is for sure, it is doubtful they could fund building their own plant, ever, even with massive dilution to raise the cash needed at this point, IMHO. And right now alt energy is just not the darling it was 3 years ago.
But if they were where they are now, back in 2007, they might have been able to land a serious partner back then. Right now, the markets are just too paranoid to risk funding a real plant with this outfits tech IMHO.
Ambition with out knowledge is like ship in dry dock. Going nowhere fast!
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