Okee, John, Ed, and all,
Just spent an hour or so on phone with Spencer at Microcap. Here is my expansion on the information provided in the email.
First of all, this was only sent as an email update on the processor production flow, etc. No release to the newswires is planned at this time. I know how the major news services operate and you don't want to "cry wolf" too often with day to day operational information or they start ignoring you. When I was at Quotron, companies called me daily wondering why their news releases were not "hitting the tape" (Dow Jones), when sometimes all they had to say was they made ten widgets that week and planned on producing 15 next week!! <g> BC/Microcap just wanted to provide an update for us interested shareholders/Limited Partners. Fair enough and I concur with and respect GRNO's judgement.
Anyway, the LP machine was run for extended periods of time at each output level (400, 600, 800, then 900) to determine a few things. The first; at what level it could produce diesel AND meet the DHEC (S. Carolina's EPA) air quality standards. Second; how much could it produce with the current mechanical configuration. Third; to collect statistical data for GRNO's engineering partners to facilitate the design of larger capacity machines.
I asked Spencer if they ran the machine at each level for 10 minutes then multiplied by 6 or exactly what (you know, like when you take your pulse), and he said it was run for more than at hour ("an extended period") at each level until it was stepped up to 900gph where the process exceeded the limits of the Model 400's current configuration. He also said that the DHEC air quality standards were maintained throughout each level of operation.
Once all the data is collected for M & K Engineering, the LP machine will be run at current DHEC approved levels. It also makes sense that the LP will apply to DHEC for approval to run the machine at higher levels once the required testing indicates that all air quality standards are being met.
I believe this production data portends good things for the successful completion of GRNO's business plan. One benefit of (and probably reason for) this output-level testing could be that GRNO will be able to produce the higher capacity machines on a relatively similar compact design. Bigger production with less machine, that's the ticket!!! For those concerned with all the legaleeze of the various Form 10 reports, IMO, research and testing of this type is what was referenced in various paragraphs within.
Also, Ron mentioned bottlenecks popping up in the production cycle and someone (forgot who) expressed concern at Ron's statement. Ron may prefer to comment further, but the bottlenecks I observed down in Charleston was that too much diesel was being produced, so they had to increase the output pump size, etc. Things like that. The output levels detailed in the email possibly explain the "good" bottlenecks Ron mentioned. I don't think Ron was referring to "bad" bottlenecks of any variety.
My confidence in BC's ability to carry out the GRNO business plan has never been higher. This is not a one night wonder we are witnessing here, folks. GRNO has a broad, methodical, and sound plan to ensure long term success for the benefit of both shareholders and the company. I am more than willing to allow BC to exercise his authority as CEO to carry out that plan. ("both shareholders", hehe, me and who else, right?!!??)
Volume is currently 12800, 11 trades. Don't know what service each of you use but nothing going on out of the ordinary. Kind of slow. No ALLN activity either way. I will attempt to compile some loose figures on what I have seen ALLN doing, but don't want to get pigeon-holed cause it is awfully difficult to track with complete accuracy!
Gotta go,
Have a great time in Charleston, Okee, and take some IEI reduction pills with ya!!!
L2 and Long and LP Mark |
