Biomass Secure Power Inc. (BMSPF)

[PhillipD]

My guess is that BMSPF will spend the next 90 days in this option agreement working on the financing issue. They have a purchase agreement with LG that they've stated won't go anywhere if their schedule slips. They have a design that is shovel ready after site specific modifications are made. They have a site selected on the Mississippi River that can bring in raw materials from the entire midwest that also has access to ocean bound shipments to the rest of the world. I think they will be getting their pink ribbon out and packaging this bundle up to sell to financial backers. The multimillion dollar question is what else are they going to throw into the package? They've already stated they would give up 30% equity in the plant. What about shares to the prospective investor? May cause dilution, but may be nice to have deep pockets that would be motivated to try to increase share price. Anyway, lots of possibilities, but in thinking about this Baton Rouge site, I think it just may be the competitive advantage that may set them apart. Float raw materials down river, then ship them out further down the river. Sounds cheaper than hauling in, processing, hauling out, loading a cargo ship, then sailing away.