To answer both questions....we should hear DOE news sometime in Nov-Dec. I have been in this stock since March and have done a ton of research. Back in the end of June the company announced they would be entering the DD phase, so I sent the IR an email asking how long this would take. They replied back with 4-6 months. Which would be Nov-Dec.
The main problem this stock has had recently is unfortunate moves they needed to make to be able to pass the DD phase. People are upset with the R/S because this lowers the possible % gain they could have had. With no R/S this stock could have went from .60 pre-RS to at least $2-3 dollars on DOE news. Now I expect us to hit $10-12 on DOE news...which is sitll very nice from current pps, but not what the longtermers expected. Also people are upset with the stock offering, but yet again this IMO was needed to complete the DD phase.
Lastly with BP as a partner VRNM gets instant credibility. With only a handful of Cellulosic ethanol public companies BP instanly makes VRNM the front runner. Government mandates is what makes this company so attractive in the far future. Cellulosic ethanol will be a major producer and we are part of that with this company! Add on top of this the very small float...which will be 11 million after the offering you have yourself a monster. People my balk but in 2-3 years after the first commercial plant is up and running I fully believe we will be a $30-40 dollar stock. Now to hold that long.......
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