Friday, January 27, 2006 11:04:21 AM
Defender, I'm responding simply for the sake of new lurkers here. You know as well as I do that your post is utter non-sense. However, for the sake of any newbies.....
You said:
"IF the Rail industry wanted alternative additives they would have been at IFT's door years ago."
Response:
Years ago (up to and including 2004) diesel fuel prices weren't an issue for the railroad industry. The major US railroads were paying under $1.00/gallon as recently as 2004. They've seen increases over 50% per year in 2005 and project the same for 2006.
Here's a figure to study. The shows CSX's hedged position for 2006....which is virtually 0% protection....
You said:
"not one carrier has even individually tested the product."
Response:
Patently false statement. IFUE PR'ed months ago that a regional RR was buying product after trialing it for 3 months. Since then, numerous trials have commenced both internationally and domestically. Not the least of which is my contact who owns nearly a dozen regional shortlines.
You said:
"try not to overstate no shares being sold."
Response:
Frankly, it's impossible to OVERSTATE no shares being sold by insiders. The share price has more than quadrupled in a year and maintained those levels. At no time in the last 3 years has anyone inside sold a share. Just for arguments sake let's take Jon Burst CEO. He could DOUBLE his annual salary of $250,000 with just one sale. You don't think he'd like to double his annual salary? Sure he would, who wouldn't? It happens everyday in every publicly traded company in the World. The fact that it DOESN'T happen at IFUE tells me they know the shares are worth significantly more than current prices.
You said:
"IF the Rail industry wanted alternative additives they would have been at IFT's door years ago."
Response:
Years ago (up to and including 2004) diesel fuel prices weren't an issue for the railroad industry. The major US railroads were paying under $1.00/gallon as recently as 2004. They've seen increases over 50% per year in 2005 and project the same for 2006.
Here's a figure to study. The shows CSX's hedged position for 2006....which is virtually 0% protection....
You said:
"not one carrier has even individually tested the product."
Response:
Patently false statement. IFUE PR'ed months ago that a regional RR was buying product after trialing it for 3 months. Since then, numerous trials have commenced both internationally and domestically. Not the least of which is my contact who owns nearly a dozen regional shortlines.
You said:
"try not to overstate no shares being sold."
Response:
Frankly, it's impossible to OVERSTATE no shares being sold by insiders. The share price has more than quadrupled in a year and maintained those levels. At no time in the last 3 years has anyone inside sold a share. Just for arguments sake let's take Jon Burst CEO. He could DOUBLE his annual salary of $250,000 with just one sale. You don't think he'd like to double his annual salary? Sure he would, who wouldn't? It happens everyday in every publicly traded company in the World. The fact that it DOESN'T happen at IFUE tells me they know the shares are worth significantly more than current prices.
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