Re:<"JR's biofuel isn't biodiesel. He is very careful to point that out.">
I really believe you're very mistaken on your second point. Mr. Rivera, in my opinion, chooses his words very carefully to suggest to shareholders that his "biofuel" is essentially biodiesel for all intents and purposes.
If you look at the Vidalia demonstration, he specifically designed that test with 50/50 pyrolysis oil/biodiesel to try to communicate that his pyrolysis oil was 'just like biodiesel.' He continually makes the comparison that he can produce five gallons of "biofuel" from a bushel of soybeans where others can only produce 1.5 gallons of biofuel (biodiesel in the latter case). That's a worthless comparison unless there was some basis for believing they're somehow equivalent. I would also bet that's why he chose soybeans for pyrolysis--so he could further establish a link in shareholders' minds that his pyrolysis oil was essentially biodiesel.
If backed in a corner, Mr. Rivera might say that his pyrolysis oil isn't biodiesel but if you look through all the press releases, there is no such clear delineation.
That's my primary beef with Mr. Rivera. If he was honest and clearly communicated that all he had was pyrolysis oil and that he still hasn't found a worthwhile use for it then I wouldn't have any problem with him. When he suggests equivalency to diesel, he's trying to deceive shareholders.
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