Replies to post #11839 on Biomass Secure Power Inc. (BMSPF)

[PhillipD]

Never built anything - True.
Fluff PRs - True. But I'm glad to get any PR.
Share selling scheme - I haven't seen dilution of any magnitude compared to the number of shares outstanding (which are significant).

Phillip

[Waves70]

Richard2, I am sympathetic to your view about this company and their prospects. I regret my folly in putting any money into it. However, a couple of things keep me at least holding this position. 1) Over the years, they have more or less been the same people (incompetent probably); 2) they don't seem to be blatantly dishonest; 3) they file their SEDAR forms and info regularly in Canada; and 4) more than just PR releases, they have set up some not insignificant things in LA state at the port and with Bonds, should things move forward. 5) If it is true about the latest developments with Japanese brokers for testing and future use of their product, then that is a milestone that could lead to this project taking off. To your point, they don't seem to have money, anything with the port and bonds in LA is pie in the sky until it is real, and I have no idea what they can do from here honestly, even with their plan. I still wouldn't put a penny (new) into it