Was not meant to be a buy tip, but a direction call for the future of NG conversion to gasoline someday soon.
Yep, once they finally seal a deal with financing for a real pilot plant, this one will soar, but they have been slowing bleeding for 3 years now, with a periodic new angle direction change on the path to making a fuel out of CO2 (and now CH4 & CO2) for 3 years now. The financiers have been funding the company with cheap shares, and selling older more costly shares at retail and holding the retail about 1.5 to 2X the newest financing rounds cost for three years now.
I have been disappointed too many times with their slow progress, but they have survived, and may yet pull it off. But right now it is more obvious than it was a year ago, that we are still a good ways away from any turning point in the stock price. If they turn the corner late this year, we may not ever see .025 shares at retail. If the R&D drags on another 12 months I will wait for a R/S and sell off before doing any serious share buying again. I still have a small batch of shares, that I will keep for the surprise turn around. Coffee change!
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