Biomass Secure Power Inc. (BMSPF)

[PhillipD]

Thank you for that post. I suggest everyone read the MD&A's since this sheds some light on what's going on. Here's a quote:
"Plans to build a pellet plant in Cowichan Lake B.C. have been put on hold as a better opportunity became available in the Southern United States. The opportunity to build a much larger plant capable of producing up to two million tonnes per year with cheaper fibre and labour costs is too appealing to not proceed.

The Company was approached by a government entity (“GE”) to determine if we had an interest in building a pellet plant in their state. We have been requested to maintain confidentiality with respect to the specific location until such time as we are in a position to formally announce commencement of construction. They presented us with a very attractive package of benefits if we located a plant in their state. The Company’s management team spent a week traveling the specific state with a representative of GE where we looked at potential plant sites and met with various politicians and potential fibre suppliers. The results were so positive the decision was made to proceed with the development of a facility in the state. We have looked at sites large enough to house our first plant with a capacity to produce one million tonnes of white wood pellets in Phase One. Phase Two will see production increase to two million tonnes per year and the conversion from white pellets to torrefied pellets."

Phillip