Since my last post, US Fuel activities have continued toward our goal of building coal to liquid fuel facilities, but there are no new announcements that have been made. Of course, this message board is not and never will be the forum for the first release of any new public information. The information in my post of 26 January contained nothing new, it was all from public information, taken either from the website or from SEC filings and assembled in a way to address certain specific questions.
As someone pointed out, it is unusual for a corporate officer to post on a message board; having agreed with that proposition, I am not aware of any prohibition to such actions. I am choosing to spend some of my time on this message board, out of courtesy, not obligation. Oddly enough, some here complain that corporate information is not forthcoming and others complain that a corporate officer is posting corporate information on a shareholder message board. I tried to reconcile that, but it made my head hurt. My first post was made to correct a false statement relative to project engineering and permitting. That led to questions being posted to me which, as a courtesy, I chose to answer in the same way I would have answered an email or phone inquiry with similar questions.
Regarding financial information, such as stock ownership, that needs to be examined in a proper context. Please recall what I said on 26 January:
I am posting as a courtesy to shareholders who use this message board, to periodically answer factual questions about public information, just like I would respond to an email or phone call. I do not voluntarily appear on this message board to become the target of endless speculation based upon incomplete facts. Accordingly, stock ownership issues will be answered as part of the financial information made public upon completion of the audit.
My voluntary and periodic involvement on this message board relates to facts, not speculation. I suggest that those who chose to speculate about issues apply some logic to the facts they try to connect.
The “G” in G&A Capital does NOT stand for “Global”; speculation about any such connection has no basis in fact and is contradicted by public information. Please note the chronology of events, available in the 10Q for the period ending 30 June 2012 and filed with the SEC on 17 September 2012:
• The board resolutions relating to G&A Capital were passed on 10 June 2011. • The agreement with Global was signed on 14 August 2012.
Before anyone posts follow on questions about G&A Capital, please see my note above about the audit.
I recognize that some are frustrated with the past; as I said previously, I was not part of that past.
Everyone is presumably aware of two basic concepts - “past performance is no indication of future results” and “those who do not learn from history are doomed to repeat it”. I would ask you to keep those concepts in mind here.
The current US Fuel management team has developed and is now implementing a plan to design, build, own and operate facilities that will convert coal to liquid fuels. These are not built overnight and we will not have an exciting new announcement every day between now and commissioning the first facility. The effort continues.
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