Petrosonic Energy Inc. (fka PSON)

[236T568]

PSON - this says it all:

http://www.sec.gov/Archives/edgar/data/1451654/000114420413052761/v355678_s1a.htm

We believe that our sonicated solvent de-asphalting technology is an improvement over existing technologies to upgrade heavy oil and our goal is to license our technology for integration into the treatment facilities of heavy oil producers for a fee or royalty. However, we have not yet proven that our sonicator can operate 24 hours a day, seven days a week, that it can process more than 1,000 barrels of oil per day, or that a change to the solvent would not result in the need for significant modifications to be made to the sonicator. Our inability to meet these challenges could mean that heavy oil upgraders may not find our method attractive and may not adopt our technology. We cannot guarantee that these operations will generate revenue in the future.