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Gold/Mining/Energy : Energy Biosystem Corp NASDAQ-ENBC -- Ignore unavailable to you. Want to Upgrade?

To: C E D who wrote (293)	2/9/2000 11:30:00 AM
From: Pluvia	Respond to of 336

CED SHOW WHY YOU WOULD INVEST IN ENBC WHEN NONE OF THEIR MAJORS PARTNERS WILL? Note that these big huge companies silently stood by as ENBC almost went broke several different times over the last 9 years... Gee why didn't they take an equity position in ENBC if they thought there was so much potential in ENBC's technology ? Seems like they could have acquired a large stake for a small chunk of change if they felt ENBC had potential? Since they all have first hand exposure to ENBC's "gee-whiz" technology - if it were as great as you suggest - don't you think they would have invested in ENBC ? Maybe the longs here know more than they do? Note also the amount of participation from each of these companies to the ENBC project. It looks pretty laughable to me. see the section titled "Alliances" edgar-online.com ALLIANCES WITH POTENTIAL CUSTOMERS TOTAL RAFFINAGE DISTRIBUTION S.A. In July 1994, * JULY '94? GEE THAT'S 6 1/2 YEARS AGO - WHAT HAPPENED? ENBC PROVED NOTHING THAT's WHAT...* EBC entered into an agreement with TOTAL Raffinage Distribution S.A. ("TOTAL") to collaborate on the application of EBC's BDS process to diesel and other middle distillate fuel streams. EBC and TOTAL will each bear their own costs and expenses incurred under the collaboration. In addition, as part of its obligations under the agreement, TOTAL has provided EBC with the use of analytical equipment valued at approximately $200,000. *only 200k ROFL!!* The agreement with TOTAL provides that upon commercialization, the site license fees will be waived on TOTAL's first commercial BDS unit. In addition, TOTAL will be entitled to receive a 10 percent discount on future site license and service fees until it has recovered two and one-half times its research costs and expenses for BDS projects under the agreement. EBC expects that its alliance with TOTAL will facilitate commercialization of the BDS technology for diesel fuel and EBC's entrance into the European market. EBC's alliance agreement with TOTAL contemplates an evaluation of pilot plant operations, commencing after EBC's completion of the development of a prototype biocatalyst. EBC completed the development of a prototype biocatalyst in late 1996 and continues to conduct bench-scale and pilot plant experimentation using improved generations of the prototype biocatalyst to address the desulfurization targets requested by TOTAL. *ROFL!!! WHAT KINDA MUMBO JUMBO BS IS THIS? ENBC claims to met their obligation in '96 and TOTAL was so impressed they've done nothing to get further involved?** The prototype biocatalyst is intended to possess characteristics sufficiently similar to the commercial biocatalyst to permit the design of a commercial-scale BDS unit although it is not expected or intended to possess sufficient specific activity or other characteristics necessary to be commercially viable. When the BDS processes reach commercial levels for activity and extent, it is expected that TOTAL will build and operate at TOTAL's expense a pilot BDS unit at TOTAL's European Center for Research and Technology. TOTAL has indicated that it intends to employ its initial BDS units for the "ultra deep" (below 50 ppm) desulfurization of diesel, a range of desulfurization far below current regulatory standards in which BDS is expected to possess greater cost advantages as compared to HDS. TOTAL is a wholly owned subsidiary of TOTAL S.A., a leading international oil and gas company based in France. TOTAL S.A. participates in every phase of the oil and gas industry with operations in more than 80 countries worldwide and revenues of over $46 billion.

To: C E D who wrote (293)	2/9/2000 12:09:00 PM
From: Pluvia	Respond to of 336

LOOK ANOTHER 7 YEAR ENBC JV THAT WENT NO WHERE... KOCH REFINING COMPANY. In December 1993, EBC entered into an alliance with Koch Refining Company ("Koch") for the development of a biotechnology-based desulfurization system for refinery oil streams. The alliance is expected to accelerate the development of BDS for certain gasoline streams and customize that development for Koch's applications. Under the terms of the alliance, EBC is primarily responsible for improving the performance of the biocatalyst used in the BDS process and developing a commercial BDS system. Koch primarily is responsible for selecting and providing the target gasoline stream as well as testing desulfurized product quality. *ROFL!!! SO LET ME GET THIS STRAIGHT... KOCH HAS NO RESPONSIBILITY IN THIS JV AND ENBC GETS TO USE KOCH'S NAME FOR PR HYPE?* Koch also will provide engineering support as needed in the development of a BDS unit for Koch's operations. Until commercialization, EBC and Koch will each bear their own costs and expenses incurred in connection with the collaboration. Upon commercialization, Koch will be repaid for direct costs and expenses incurred in assisting BDS development. *HUH ? WHAT A CROCK OF CRAP* Repayment will be in the form of a 10 percent rebate on sulfurization processing fees charged to Koch until Koch has been repaid its share of BDS development costs. EBC expects that the development alliance with Koch will facilitate commercialization of EBC's BDS technology for target gasoline streams. Koch is a part of Koch Industries, one of the largest privately held companies in the United States. Koch Industries, with annual revenues in excess of $30 billion, is involved in virtually all phases of the oil and gas industry, as well as chemicals, chemical technology products, agriculture, hard minerals, real estate, and financial investments.

To: C E D who wrote (293)	2/9/2000 12:10:00 PM
From: Pluvia	Respond to of 336

YA GOTTA BE KIDDING - HERE'S A 3rd 7 YEAR FAILED JV TEXACO GROUP, INC. In July 1993, EBC signed an agreement with Texaco Group, Inc. ("Texaco") for the development of a BDS process for crude oil. Under the terms of the alliance, EBC primarily is responsible for improving the performance of the biocatalyst used in the BDS process. Texaco primarily is responsible for field operations, analytical chemistry work, and selecting and providing the target crude oil stream as well as testing desulfurized product quality. *HUH? what a bunch of BS* *ROFL!!! Look at the responsibilities in this JV - more meaningless mumbo jumbo that requires no responsibility by Texaco - the only value to ENBC is for PR... Note once again the JV partner never puts up money and has never in 7 years attempted to invest in the flailing ENBC* Process engineering is conducted jointly by the parties. EBC and Texaco each bear their own costs and expenses incurred in connection with the collaboration. In the event EBC sub-licenses Texaco's intellectual property and proprietary information, licensed by Texaco to EBC, EBC has agreed to pay Texaco an amount equal to 10 percent of the desulfurization processing fee charged to Texaco until such time as EBC has paid Texaco an aggregate amount equal to two and one-half times the aggregate amount of Texaco's direct costs and expenses incurred in connection with the collaboration. EBC expects that the development alliance with Texaco will facilitate commercialization of EBC's BDS technology for crude oil applications. Texaco is one of the largest oil companies in the world with operations in crude oil production, refining and marketing. Texaco has annual revenues in excess of $46 billion. PROSPECTIVE ADDITIONAL CUSTOMER ALLIANCES. EBC is also pursuing additional alliances with potential customers, particularly for its organosulfur compounds with companies in the area of industrial chemicals.

To: C E D who wrote (293)	2/10/2000 12:34:00 AM
From: C E D	Read Replies (2) \| Respond to of 336

From my post on the Yahoo thread concerning this topic: Well, for the most part Pluvia and his crowd are correct about the problems with this company and its lack of success. Government grant money has floated the company, they are behind in reaching important benchmarks in the lab and may not be able to produce a process that is cost effective. Of course if they do succeed the rewards will be very great. I have read the chemist postings on this board and collected enough information to realize this stock is a crap shoot at best. I was in the stock short term and will probably not get back in the stock unless they put out some very good solid news. As for the new crowd that has shown up here and claims to be trying to do the public a favor by informing them that this is a poor investment, I am overwhelmed by their selfless generosity. It is simply incredible how big their hearts must be. Others, less generous than I, might think they have come here to slander and malign the company simply to make a quick profit by shorting the stock. If that were the case they would sound desperate to get people to vacate their shares so they could cover at a low price, but no, their mission is to inform, educate and help the investing masses. God bless them! One word of caution; My observation has been they have had many more successes at pounding these stocks down than failures. Be prudent. Regards to all, CED