I think it's very positive. They've got the right team in place. It makes sense for several reasons. One, they now have full access to the patent holder, Dr. Wang. This will prove very valuable during any discussions with potential clients. Two, Dr. Wang is now there full-time to help facilitate the ongoing commercial testing and further ensure the rigorous standards are met. Three, he will I'm sure help in bringing the catalyst to a commercial scale in pellet form.
Yes, Carbon Sciences is going to have to pay him and for that and their other expenses they will have to dilute some shares. However, I believe they are going to have bigger news this year to offset that dilution and then some. Even if it does drop to Mike's predicted sub $2 level my opinion is that it is simply a good time to buy more shares. Who's to say Mike's comments didn't scare some on this board to unload, thus the recent intraday price dip, while he picked up some bargains. This is a message board. People write things to influence their positions or future positions. There is no guarantee with a penny stock or any stock for that matter, but with some penny stocks it's worth betting long even if you have to bear some set backs during the staging period.
As a side note, this company makes sense not because of Al Gore's politicized climate campaign, it makes sense because of the huge market for its product and the fact that it holds real potential for the US and many other countries to become energy independent with a better solution than what is currently available and to do so in the immediate future while other, perhaps greener solutions may take up to 20 years to develop. And as for the article on the company who is proposing a GTL plant in Louisiana, I think that's a great thing because they'll probably be a customer of Carbon Sciences. It shows that GTL is starting to really gain traction.
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