I 100% agree with this (Sort of). LOL
If you think this stock is going to launch in the next three months, I would say that you may be disappointed. I do think this stock will move significantly within 6 to 18 months, based upon my past experience with STXX, and here is why:
The bio-diesel plant needs to be up and running making a profit. For this to happen the company needs permits to assemble the "mini-plant" before the big honking plant.
The company has diligently, in my humble opinion, done a lot of the right things to make sure the goals are outlined and that milestones can be measured. However, this is an OTCBB:Pink Sheet stock so therefore the MMs will have their way with the stock price.
Honestly, this stock is worth maybe 2 cents a share right now with the assets and income. I know the mine is valued at 1 billion and I know about the radio station, but the income generation is just not where it needs to be for the stock to launch like we all want it to.
The plant in Opp needs to be completely functional and there are many hurdles. We will have unexpected complications that are beyond John Beebe's control or the investors on this board and elsewhere. The MMs will continue to "load up" and depress the stock, hoping to get your shares.
I watched this many times with good investors who just got tired of waiting on STXX. Dump, leave, and were happy. I must admit I sold some of my position in STXX for another play and now I am sad I did, hind sight is 20/20.
The thing that I like most about this company is the CEO and his leadership. I do wish he would update his blog more often though. John has a plan and is executing it as well as could be hoped for. Here is the deal:
Will he have enough money to complete construction of the bio-fuel production plant?
I know that the company has signed contracts, however, companies default on contracts all the time. I DO NOT THINK THIS COMPANY WILL DEFAULT! But there is that possibility that the company simply will not have the cash to finish said project. Maybe if they came out with a business plan on the plant and explained how they plan to get the cash to build it, it would settle some fears.
For the record, I am a solid share holder now, and I plan to build my position as the stocks fluctuate here over the coming months. I will not play dips and spikes. I am too old for that crap! LOL
I really feel like we have something special here and I honestly feel like we have the toughest part done, the EPA permits. Opp wants the plant, the county wants the plant, and so does the state. Unless a wave of tree huggers rolls in and stops the project, it should be completed.
So we are left with the question, when will the main plant be up and running?
The answer is, no one really knows. Or if they do, they are not announcing it or it is a guestimate. If you are long with the company, and have the patience, you will be rewarded. I know, I have been on the golden goose side. Hopefully, we all will be with PHGI.
Finally, lets hope we get some bashers here soon! I know you want this sucker to take off, but we still have what, 20 million shares outstanding? We need those shares bought!
I am in for the long haul, hope you are too!
Respectfully,
Uncle Meatball
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