In the cc Fisher made light of using algae to produce fuel ($3 per gallon) as opposed to omega3 oil ($190 per gallon). While I happen to agree with him 100% many of the shareholders did not and promply began to sell off their positions. The more practical people began picking up the cheap shares and the pps is starting to recover.
aaron21 ... Read this which gives you the reason why. Going with the market trend/demand secures future business.
BioCentric and Renewed World Energies Clarifies Statements Made During Friday, November 6, 2009 Conference Call
SAN JUAN CAPISTRANO, CA and GEORGETOWN, SC -- (Marketwire) -- 11/09/09 -- BioCentric Energy Holdings, Inc. and Renewed World Energies (PINKSHEETS: BEHL) today confirmed, due to a misinterpreted series of statements on Friday's conference call, the Board of Directors would like to edify the key components necessary for the company's continued growth.
While the value of Bio-mass produced from specific Algae strains are in fact worth many times more per pound when used for nutracuetical product manufacture, the overall day to day demand for ALGAE oil produced from certain strains is in much greater demand for the production of Alternative vehicle fuels which additionally helps move towards a "Greener" environment, and both BioCentric & RWE have always had that mission. The companies have intent of producing large amounts of Algae for Bio-Alternative fuel products.
The company's primary business model is to deliver a closed loop Photobioreactor system which provides an environment to accelerate the growth of ALGAE under optimum conditions. The closed loop systems are designed for resale to companies who have a need to grow large amounts of algae for the production of alternative fuel products.
BioCentric currently has orders in hand for the production of closed loop Photobioreactor systems to Oil processing companies.
The companies are currently producing multiple strains of ALGAE at the Georgetown, South Carolina facility to fill orders for varying types of Biomass for different Industries.
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