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sl62

11/18/09 12:07 PM

#65591 RE: NioStar #65575

bb...

My understanding is the $6MM in orders is all BEHL's. I say that for two reasons. He emphatically said so in the CC and he also told the HB City Council he had $5MM in the October video.

Beside what you mentioned, I had a list going from August of deals that were delayed:

*Discussions with one of the largest poultry companies in the US are moving forward as BioCentric has developed an enhanced cost effective ALGAE strain for poultry foods.

*Earlier this month a senior Korean official visited the company's facility in California with a view to licensing the closed loop system for exclusive use in Korea. The negotiations are currently under way for the exclusive Korean license.

*Company COO Dennis Shen is currently in Asia, in the process of finalizing negotiations with a large Chinese company for the exclusive Chinese licensing rights of the company's closed loop Photobioreactor system.

*Solutions 28 (Now presented at the Ghana Summit)

*Anything new from Pac Rimm Summit

*Anything new able to be filled from the new facility going up

*Anything new on the nutri/consumer/cosmetic side

So many places from which something can strike now.

Btw to all...the following was the V sequence of the last cover and move up in late July. This is the V we would eventually like to see build. Certainly trip 20M if not trip 30M in the sequence...we may have seen some covering so far, but my take is we're seeing more in the way of buy-backs from retail sellers than outright covering. Closes over the 200DMA (.022) and the 50DMA (.033) will be definitely be pure short triggers...imho

July 24 – 4.7M (.03)
July 27 – 12.3M (.03)
July 28 – 21.5M (.04)
July 29 – 29.6M (.05)
July 30 – 34.3M (.07)
July 31 – 35.3M (.10)
Aug 3 – 36.8M (.13)