To: Marlin C. Harmon who wrote (8239 ) 12/18/1997 7:51:00 AM From: Hawkmoon Read Replies (1) | Respond to of 13091
Marlin, Actually I encourage people to stop by and take a look. So far as I know, it is running continuously. I feel led to believe that the company is focusing on production at this moment in order to display to the partners the status of progress. Hopefully, they have resolved any cooling problems by installing the I-D pumps and using the excess heat (500-600+ degrees) for preheating incoming feedstock waste oil. The more they can preheat the oil before it hits the HRU, the less process heat from the TO that is require. (ie: potential capacity improvements using slightly modified present design) The limiting factors are believed to primarily be the distillation column height and diameter, which may need to be enlarged to accomodate more condensation trays and packing(where hydrocarbon vapors condense under the parameters necessary to create #2 Diesel). However, if I understand correctly, the current TO technology may be sufficient for greater capacities. And I understand that GRNO has developed the capacity to run the system on PC based systems using WonderWare automation products. While I don't envy BC having to work under a microscope, it is reassuring that he is willing to host a tour to any shareholder or interested party(ie: customer). I suggest that anyone near Charleston give them a call and coordinate a visit with them. As for the price of the stock, it has little reflection, at this time of year, to perceived value of the company. People are likely dumping shares at market to capture the maximum loss which in a strange way may be good. Only sell the absolute minimum necessary at the lowest price possible to neutralize capital gains. The hope in this that remaining shares will continue to be held long term for maximum appreciation. Yeah it isn't pretty for the price of the stock, but technicals have no basis in trading pink sheets with limited liquidity and few mmkrs. 1998 will hopefully be a new year for the company. So while the fire sale is on...... Regards, Ron