Biomass Secure Power Inc. (BMSPF)

[PhillipD]

Good news always has a tepid reaction in the stock market when it only reaches the few people looking for it. Even the news itself isn't extremely surprising. They formed an LLC in Louisiana on 2/1/13 and extended their lease option for another 6 months after the old one expired. I've always maintained that we won't see the share price increase much until something substantial hits the news like Drax entering into a purchase agreement with BMSPF.

Anyway, here's my commentary that I glean from recent events:
1) With the fact that the Port renewed the lease option, one can conclude that they think the project is still viable.
2) The Drax PR announcement of a transloading facility at Baton Rouge doesn't add up. The handling capacity of their proposed site is huge compared to the production capacity of the pellet plants that they are building. Where does the rest of the material come from that they plan on shipping? My guess is their friendly next door neighbor with 90 acres at the Port.
3) Drax's PR announcement mentiones late stage negotiations with a third pellet company besides Enviva and GreenCircle. My guess is their friendly next door neighbor with 90 acres at the Port.

Phillip