Frankly, I hope RAPT has another plant in the works, or that they announce some figures from the mineral tailings processing they are getting up to speed on.
A RM is a good way to get to visibility using and existing registration. So, they pulled the trigger and RMed and the filing that is to come will lay out what the deal looks like. It may be messy. It may not. If its even half way fine, then my personal opinion is that the 3 real bits of actual business will stand the company in good stead for a while.
I mean, I told everybody to look at a company with a huge pile of tailing because my thought was that RAPT technology could MAYBE be employed. Well, SFMI's path to actual money making has been typical of stinky little pinky companies. RAPT, on the other hand, has genuine business to announce from the gitgo.
I'd much rather there be actual business than the other way around. Its the waiting game that makes your investment dead money. I hate dead money.
So, if RAPT is actually ginning up real business, they have a huge leg up on all the other little start-up companies out there.
So, the SEC filing will explain the deal, but so long as there are real biodeisel plants being lined up to get put into place, I'm interested.
And look at it this way: biodeisel gets tax breaks as of recent legislation, if I understand it. So we have a lot of natural greenie weenie interest out there, even before the hit nuclear took as a result of the earthquake. I'd love to find out that RAPT is also in the LPG arena, LOL.... but thats not gonna happen, so I'll settle for biodeisel.
Ethenol is not as economical as it was sold to Congress on, so with the hit on nuclear, the tax breaks on biodeisel, and the economics of ethanol, biodeisel plants that can be put in quickly have considerable attractiveness, IMHO.
Then add to that the precious mineralization hook that RAPT offers, and you get a very interesting witches brew, as far as I'm concerned.
l8r
Imperial Whazoo
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