Replies to post #6098 on Biomass Secure Power Inc. (BMSPF)

[lurchy]

Nice work PhillipD...

Looks like a no brainer when you understand the numbers!

Long term money here for sure.

[I4C6S]

Nice number crunching Phillip.

The only thing I would add is that the price you used for sell price of wood pellets is far too low. I have seen it quoted between $150/t and $275/t depending on the volumes and bulk vs end user. There has been a big increase in demand over the last year and there is no sign of stopping. I think that pellets are currently trading around 170-180/t.

This article reports:"$275 per ton selling price for wood pellets"

Bottom line is that the numbers look very good and profits should be at least twice what you detailed. The future looks very good.

Cheers.

[lytnup]

Uhhh.....might be a little off on the OS:

12. SUBSEQUENT EVENTS

Subsequent to March 31, 2011 the following significant events occurred:

a) During the period ended March 31, 2010 the Company made application to the British Columbia Securities Commission (“BCSC”) for revocation of the cease trade order issued against the Company on November 9, 2009. On April 8, 2011 the BCSC revoked the cease trade order and trading in securities of the Company was allowed to resume.

b) The Company issued the following common stock:

i. 210,269,250 common stock pursuant to the Amalgamation Agreement referred to in Notes 5 and 9(a);

ii. 15,000,000 common stock in settlement of amounts due to directors, at $0.0054 per share, being the trading price on the day the issuance was approved (Note: 15M shares x .0054 = $81K; 15M shares x .018 = $270K....nice gain there!);

iii. 86,640,037 common stock in settlement of amounts due to directors, at $0.0054 per share, being the trading price on the day the issuance was approved, for total value of $467,856. The amounts due were comprised of $350,000 of unpaid management compensation and $117,856 for amounts expended on behalf of the Company by directors and officers. The amount settled include $125,253 referred to in Note 9(b);(Note: when the stock is actually trading @ .02 a share, 86,640,037 shares comes out to $1,732,800.74 - nice little bonus there! What is that - like a 370% gain?)

iv. 1,388,889 common stock in settlement of services provided, at $0.0054 per share, being the trading price on the day the issuance was approved, for total value of $7,500; and

v. 13,738,625 common stock for cash, at prices ranging from $0.0054 to $0.018 per share being the greater of the trading price on the day the issuance was approved or the price agreed between the parties, for total proceeds of $111,560. The amounts received include $93,560 referred to in Note 9(c). (Note: the average conversion price for this last one is a little over .0081 a share - not bad if the stock is actually trading @ .018!)