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dingleberry

01/28/07 5:34 PM

#23924 RE: kippykai #23919

It also states biofuel sales for the income statement as 0(right below ash sales). Power sales and green certs. on the income statement should be the ash and liquid fuel sold for electricity. Also, look at the assumptions after the income statement Ash-- .165 lb. which includes green certs. and power generation.

Back on page 11 WSR states: "Based on guidance from management, in our financial model we assume that all of the ash produced will be consumed to produce electricity."

Maybe I'm missing something....

tonyp

01/28/07 5:36 PM

#23926 RE: kippykai #23919

Here is a brain teaser to keep you busy until the market opens on monday. The RIVERA process is 30% to 50% more efficeint than all others when when using ONYI/RIVERA method.Lets say current ethanol methods are costing $1.50 per gallon to produce product. 30% of $1.50 is $0.50 so Rivera leases his method to ADM or PEIX for $0.20 per gallon. They each produce 100,000,000 gals. per year thats $ 20,000,000 dollars a year and what about all the other producers.Those two contracts give him $40,000,000.00 per year to grow his company. With 1,000,000,000 billion shares and a PE of 20 you get a share price of $0.80. Thats without selling anything. $$$$