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SkyHigh2

06/10/11 1:26 PM

#1741 RE: Optimus917 #1737

I have been in this for about 2 years myself and agree there has been a lot of change in direction for them. Wasn't that all about the cataylst and patents though? However, this seems to be in the past. They have a catalyst that works, is proven to work, and is currently in the process of producing samples of gas. This looks like the final stages. Afterall, isn't the purpose of their technology to make gas?

As to your direction/schedule section, this isn't really a fair comparison. Yes you can mapquest a certain destination and find the best way to get there, but that is only because someone has taken ALL those routes before and knows how to get you from point A to point B and do it in the quickest way. CABN has new technology. They are building their own "mapquest" in regards to energy independence. Nobody has traveled down the roads they are traveling. They have to look at each route and determine the best way to go. Of course there are going to be roadblocks at some point. If a company X has already done what CABN is doing, and CABN wanted to follow company X's guide to success but still had trouble hitting the schedules laid out, I would be concerned. Do you think Microsoft, GM, Pepsi, etc...all hit every goal and timeline they laid out when they first started out? I would guess not. The main goal that stuck in my head was Byron saying American cars could be running on gas produced by CABN's technology by the end of 2012 to early 2013. To me, this is the only goal I really cared about. Don't care how you get there, but get there. (a little sarcastic there)

As far as cost goes, I'm not sure exactly as to what lies ahead. I would assume there is going to have to be some sort of equity financing moving forward. How much is debatable I guess. To my knowledge, once their technology is proven and ready to go, they are going to license out their technology. Then revenues happen. Hopefully lots of them.










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Ecomike

06/10/11 1:44 PM

#1742 RE: Optimus917 #1737

Optimus, I can not fault anything you said. I see eye on eye on that with you.

I think what worries me most right now, is the fact they are claiming to be moving to a higher exchange, and saying that is partly why they took 40 of our shares away in exchange for 1 new share. First off, 95% of R/S split shareholders that hold after a R/S, end up with a large net loss shortly after the R/S. The last 4 R/S stocks I held are down 50 plus % (I have learned that lesson the hard way!!!). But here is my biggest concern.

Either they are lying about the move to a larger exchange like NASDAQ (which means we can no longer trust what they tell us), or they are omitting the fact that moving to those exchanges requires a large amount of stock holder equity, and they have negative to zero equity right now, so the only way they can raise significant equity (like $5 million dollars minimum I believe) is to sell a lot of shares dirt cheap, or take on convertible debt (which I think is unlikely, but can not rule out), which would eventually turn into dilution shares anyway.

Two years ago the PR's led me to believe they had the technology ready to go, and just needed an Exxon to sign on for building a pilot plant. It turned out they miss led us that time as well.

Why have they not explained the move from gasoline to diesel fuel? Why have they not named the exchange they want to move to and explained how they expect to get there? Why have they not clarified which catalyst they are using, and its exact, current patent or license status? Why has Byron still not returned any of my phone calls from 6 months ago, when I did own shares?

Take a look at the commercialization info here:

http://en.wikipedia.org/wiki/Fischer-Tropsch_process