Biomass Secure Power Inc (PK) (BMSPF) 銘柄情報

Yep, time to move on. Made $3000 yesterday on UVIX. Got to take your lumps along with your successes. Particularly with startups trading on the pink sheets. It's all or nothing. It's not like they didn't try. They were regulars on the agenda at the Port of Natchitoches, but I think the rise in interest rates killed any opportunity for the financing that they needed. Now I think their Board is too old to pursue this endeavor. If it ever comes back to life it will be with new leadership.

Phillip

Guess everyone has accepted their losses here. No posts for months. A record!

Waves

I understand just fine!

Very old news, and you obviously don't understand my posts.

You guys didn't really read my posts obviously. This place sucks. Whatever. I found statements, not on Sedar, explaining not filing in Canada. Why pay the mob? The company is pretty consistent with auditing and reports. They did their report but did not file on Sedar (Canada, and why pay the mob). I saw enough updates in the reports to say no change, they are just waiting. As I said, they say they might register in the US. No big news or lack thereof in your last few posts. Go read my posts. Or don't. But if you are going to say and post shit here, at least do your homework.

Jim has promised new plans in filing after filing over the years and the one constant is that nothing ever comes of it. No reason to think this time is different.

I found this on SEDAR for BMSPF: No file on the company trading restrictions in the last 12 months. The report is dated May 13, 2023.
BIOMASS SECURE POWER INC.
MANAGEMENT DISCUSSION AND ANALYSIS
For the nine months ended March31, 2023
The following Management Discussion & Analysis, prepared as of May 12, 2023, should
be read in conjunction with
a) the financial statements for the year ended June 30, 2022, and related notes attached
thereto which are prepared in accordance with International Financial Reporting
Standards; and
b) the Annual Information Form for the period ended June 30, 2022, and related notes
attached thereto which are prepared in accordance with International Financial Reporting
Standards.

Moreover, the US wood products industry is supported by Republicans. The new governor of Louisiana is Republican. The whole SE is pretty pro-business, and they have excellent export ports. I see BMSP's chances of finding funding better under the GOP than the Dems, who don't seem to want any energy other than solar and wind. But party might not matter as much as more local players. Also this might be part of the thought to relocate to the US, to receive US funding. Unlike subsidizing unrealistic solar plans, like under Obama, BMSP's plan seems realistic, with a valid customer and funding. Again, my view. I'm an entrepreneur too, and I know how hard it is do anything, to change anything, even if it seems like a great idea. Ideas are a dime a dozen. Being able to get funding, and the funding itself, are the things that make new things happen. I wish them success in their efforts. I have shares, so I want to see it happen. Not holding my breath yet though.

I might not disagree with you on those points, but in this case I think it doesn't matter. Canada doesn't matter as a market, really. Neither does the US, if you have international markets. Europe has mandates for replacing coal, and Japan is interested. They can also license the technology to others, as they mention. I used to work in wood products in Portland, Oregon, and the Pacific NW is expensive for "cheap wood." It competes with higher value wood (Fir, Cedar, etc.). The SE of US is good for cheaper wood and pulp (Various Pines mostly, but some hardwood too). All the company needs is a serious customer or two, which it seems they have. Regardless of politics, they may get funding from wherever and be able to start up. Haha, ya failed wind projects, maybe Biden desperate for something pushes funding. I don't think it is "green" (or "extreme"?) enough though. But I do think there is a market for the product if they can make it. The company has been consistent over the years in making (extremely) small steps and doing their financial reports. Moving the company to the US is only a legal thing; it doesn't say much about the plan for the customer base. US customers would obviously be great. If they have to start with Japan, great too. My thoughts anyway.
PS. After Russia cut Europe off of gas, Germany and UK started buying coal and even cutting forests to burn in their plants! I bet they would like an alternative like BMSP. Another US pellet plant is owned by a Dutch utility company for their own uses, I read few years ago. Enviva is puzzling, but I haven't really dug into them much.

All you say is true. However they are not getting anywhere in Canada. They are a green energy project and Canada could care less. If you come to the USA with a Louisiana address, you may get some government goof ball to spend some of our billion dollar tax monies on this idea. The Biden guys need to do something early in 2024 to keep the ultra liberals on their side. They lost two big windmill projects this month. That money has to be expended before the end of 2024 if Biden does not win. Otherwise the Republicans will claw back the monies.

Waves,

Good news if the source is accurate. This company has been playing the game for a long time so I will not get excited. It is, however, a type of green energy the USA has not moved on. It would also help save a number of coal fired plants in "red states" should it ever get going. We shall see what happens but do not hold your breath.

OK, an update with possible positive news. I did not see an updated filing with Sedar in Canada for Q4 of 2023, and the company still has a Cease Trade order in Canada. It seemed like silence and bad news. However I just found an updated quarterly report with MD&A from November 2023 on the OTC website. In it the company explains that they did not file on time in Canada and will do so when they receive pending funding. They have done this before and filed later, so it is not that worrying. Furthermore, they mention that they are considering relocating the company to the US since they are not active in Canada. That sounds like a positive development. It seems they feel that they have solid enough interest from Japan to proceed with building the plant in LA, if they secure funding. They mention applying for USDA funding for this plant, which they say could be imminent. However, it could also not be. The report mentions expecting news from USDA by the end of October 2023. Any more update about that will probably take time to come out.
I am sure the Laramie plant plan is not front and center, until they receive bigger funding actually to break ground in LA for the main plant. All in all, it seems BMSP is on track (or now we know) with developments to the story. It all seems fine and clear to me. They are pretty transparent in the reports and pretty consistent with producing them, now that I found the latest one not filed in Canada. It seems that they have crossed the first hurdle of securing some interest or demand, in order to justify proceeding with building the main plant. Now they are where one would expect, exploring avenues for financing to be able to break ground. Still no guarantees, but things look OK and like they are developing.

A shame too, it was a real industry and could’ve been real had it not been for this management, be they incompetent or scammers, I’m not sure which, but the industry is getting pretty mature now.

Sorry (like me) for anyone who holds money in this scam.

Yay! Where are we now?

Synaphai, wanna give an update?

Anyone following Enviva? Down to $0.99 today! Whoa, seems like they are banko! $13.60 in August, $7.70 in October -- NOW less than $1! And BMSPF has a cease to trade order in Canada that is a year old and no updates to filings. Deader than dead? This was supposed to be their "break-out year;" or was that last year? (or the year before, repeat...). Ugh, sad, I wanted this to work as much as anyone. Has me thinking, how do I create some pie in the sky scheme and sell shares? I want in on that!

Thanks CC for posting, as a patent shareholder (?). Grant money sounds like a Hail Mary here. No news. I don't think they have any money to do anything, or any know-how. Plus - the active Cease to Trade order in Canada. They have had that before, but have addressed it, which they haven't here for a year. Plus, they have not updated filings with Sedar in Canada since May 2023, I believe. In previous years, they have filed updates in October or November of the year. They probably don't have the money to get into compliance, let alone do anything substantial.

Am on the patent for this technology and check in here every once in awhile. Does not look like grant money was secured for WRI and no one there knows how to operate the demo plant. Looks like a lost cause.

Wow! No chatter on this board from the believers? No "wait until they build a plant," or "I just talked to Jim..." What about that Cease to Trade Order in Canada? Where have all the believers and tea-leaf readers gone?

Thank you for posting. However, in many ways, who cares? This is a long-going scam. I tend to side with Richard2. Sell shares, do nothing. Promise stuff always. Any "shareholder" should be demanding some action. I don't think they have money to do anything and don't have know-how to do anything. It's a sink hole. I think they are at a point where they can't and aren't selling more shares. Hence lows.

I wonder if this has been resolved?

Citation: 2022 BCSECCOM 482
Cease Trade Order
Biomass Secure Power Inc.
Section 164 of the Securities Act, R.S.B.C. 1996, c. 418
¶ 1 Biomass Secure Power Inc. is a reporting issuer and has filed annual financial
statements for its financial year ended June 30, 2022 (the required record).
¶ 2 The annual financial statements were not accompanied by an auditor’s report, as
required under National Instrument 52-107 Acceptable Accounting Principles,
Auditing Standards and Reporting Currency.
¶ 3 Under section 164(1) of the Act, the Executive Director orders that all persons cease
trading in Biomass Secure Power securities until:
1. Biomass Secure Power files the required record, completed in accordance with the
Act and rules, and
2. the Executive Director revokes this order.
¶ 4 December 16, 2022
Jody-Ann Edman, CPA, CA
Manager, Financial Reporting
Corporate Finance

This share selling scam still around? Where are the letter of intents now?

And I hope folks considered it useless considering what happened to ORGN in the last few days (the stock got decimated due to management miscalculating debt they could take on and thus had to radically change their business plan and projections).

Speculating on capital intensive lower carbon tech ain't easy.

Wow, I am so impressed with what they have done! And you actually talk to Jim!!!!!!

How's this been doing for you Phillip, moderator of this board? You feeling good about this stock? You sure were a while ago.

Ok...uh....struggling to make the connection to this project. Understood that ANOTHER company diversified into other products. BUT this company cannot even make its primary product! Totally useless comment.

Well said Sir. For one, just look at their websites.
biomasssecurepower.ca - suspended
biomasssecurepower.com - only 2 news posts from 2017 and shows biomasssecurepower.ca as their web address.
bmspf.com - lists the web address as biomasssecurepower.com, news from 2017-2018.
Not the work of clear thinkers and serious business people.

I don't believe they have any money to do anything, even if they knew what to do. Their annual budget is only around $250k and most of that is for their salaries. They only have $127k in assets. They are $2.8 million in the hole.

They tout these bonds, etc. However, they mention opening their Laramie, WY facility, which they have said for what two years, or more? For that, they are seeking grants, meaning they can't open it on their own.

To quote them:
The Company has developed a business plan whereby the Company will convert low quality wood fibre from sustainable growth areas into biocoal and has commenced the implementation of the business plan. The Company does not generate any cash from operations. Without the ability to attract additional equity funding or receive the ongoing financial support of its directors and officers, the Company:
 will not have the working capital necessary to fund current operations throughout the fiscal year 2023.
 will not be able to expend any funds on implementation of its business plan; and
 will have an expected working capital deficiency, resulting in the Company’s inability to meet
obligations as they come due.

Attract additional equity funding? Well they better get to work on that. Shares at $0.0005. If they could raise additional equity funding, they would have done so and would probably not be depending on a grant to open the Laramie plant. I wonder what their $127k of assets are??

One thing I will say is they have not died yet. Maybe something will come of their supposed LOI for samples testing. Open the Laramie plant? We'll see. They have been talking about a plant in Louisiana since 2012. Really we'll see. Not even sure they can make the samples supposedly ordered.

You may want to look at ORGN if you haven't already. Biofuels will be only a small portion of their business, their main focus is plastics and other materials from biomass and they are showing that they can execute both with the construction of an initial, smaller scale plant and with generating very significant partnerships, although they are still in the early stages of a long-term plan. They have the chance to become a force in the sustainable chemical industry over the next 7-10 years.

Inexperience and lack of drive is how I would describe Biomass Secure Power. As far as I'm aware, Jim has no history/experience in biomass/renewable energy, whether that be from a trading perspective or building a plant. I've been in this line of work for 20+ years and have attended conferences for renewable energy all over the world. I just recently returned from Japan where they had a CMT Biomass conference with Drax and Enviva in attendance, as well as many companies doing torrefied/black biomass. Where was Jim? If he was serious about getting this business started, he would be at these conferences trying to sell his product and technology. There's countless companies who state their torrefaction process is the best, is sustainable, can be expanded, etc.. all the same claims Jim and BMSPF have claimed. The only difference is most of the other companies are attending conferences showcasing their technology, have a background in biomass fuels, and also live in a place in the world where procuring, producing, transporting biomass is much, much cheaper than shipping product from the USA over to Japan.

I've owned shares for many, many years and would like nothing more than to see this plant get built and have off-take contracts in order to retire early, but that's just not going to happen if Jim doesn't start taking this serious. I think aside from writing emails to companies, there is no drive or motivation from Jim. Shame. Guess it's time I invest in some of these other companies that are willing to put more time and effort into showcasing their technology.

More "Sedars" out today - Weeeeeeeeeeeeeeeeeee

What is happening with Enviva, everyone should care.

https://www.fool.com/investing/2023/05/04/why-enviva-stock-is-plunging-today/

We hold a turd. Here is the industry leader, and they are plunging. "Jim's going to build a plant, eh?" Ok yah, bring it.

I love he calls it Sedars. Ahh the uneducated....so cute.

Sedar, I said it years and years ago. Now you gracias little puppies bring me the paper. Awwww

I knew Wildwertski would be reading the tea leaves. (is this guy educated?)

More horse-shit from the Big Acid companies, in my opinion.

Bonus, if you know that reference.

Some info from Sedars, for those that are interested.

BSP has taken the decision to make pilot plant in Laramie Wyoming a permanent test plant. The current production rate is 8,400 tonnes per year will be increased to 50,000 tonnes per year. The Company is working with Western Research Institute (WRI) to obtain a grant to cover cost of expansion. WRI has brought in Kathy Lenz who is Resource and Economic Development Manager / Grant Coordinator and works for US Senator Cynthia M. Lummis (Wyoming).
The pilot plant will be used as is to produce an order for 1,350 tones of Biocoal and a second order of 8,000 will be filled once expansion completed.
The Pilot plant will be used to test and produce samples of Biocoal from 21.5 GJ/t to 27mGJ/t, as well as samples for steel mills, concrete plants and jet fuel.
BSP provided Biocoal samples for lab testing by potential clients in Japan, the results met or exceeded expectations and a letter of intent (LOI) was signed with a Japanese trading company. They have now agreed to purchase 1,350 tonnes of Biocoal for testing to be followed up with a second order of 8,000 tonnes from Wyoming pilot plant. The 1,350 tonnes will be used at six power plants to confirm Biocoal is hydrophobic and can be moved and handled using existing plant equipment. The 8,000 tonnes will be used for test burns in up to six power plants. The client has confirmed that upon completion of testing this will become a long term off-take agreement being signed for plant production at Natchitoches.
BSP had discussions with a New Zealand power company that are looking for 750,000 tonnes of Biocoal, BSP will continue discussions in 2023.
The Company has held discussions with a company who plan to build a plant to make jet fuel, they are working on FEL 2 and when completed we will continue discussions to provide 650,000 tonnes of Biocoal.
The Company has been approached by a Consultancy firm, with a client in the concrete industry that is looking for 100,000 tonnes of Biocoal with 75 % carbon, this would be a very high value product that could provide additional revenue streams. We would be able to condense and sell volatiles for jet fuel. The Company can produce this level of carbon however further research in cost of production is required prior to proceeding in this area.
The Company has a number of inquiries from the steel industry to use Biocoal as a replacement for sub-bituminous coal.

New Sedar filings posted yesterday, same old same old.

Yay!

Fine Fine. I have no problem with what you post here. However, I am not happy with myself for swallowing this shite piece. Yep, just one guy, and he's never done anything. Hence price has cratered. Thanks for your post. However, even more so, tea leaf readers, hand wringers, hopers, believers. Sorry I ever got messed up in this crap. Oh, price $0.0002. : )

Thank you so much for your insight

Richard2 - the only other voice of reason here

I'm not sure Phillip - are you talking about the $0.0002 price?

That’s for sure! Good to see it back online.

Best to all,
WW

Nothing like seeing a 5,900% increase in your position in one day. Too bad it wasn't an increase from my average cost basis.

Phillip

We're back to pink limited so the stock is tradeable again.

Whether we go to pink current is yet to be seen but that may be pending an annual audit, which is planned.

I don't have insider access, anybody can call him. Just be nice if you do, he's a good guy and berating people never helps. Yes, it's long past time to execute and we all know the history of plans and more plans. Whether this time is different, time will tell.

I definitely don't doubt his conviction towards making Biomass a success and he's working hard everyday but it obviously takes a lot more than conviction to make a project of this scope a success.

There will be massive upside if all comes together but it is an extremely high risk investment in essentially one guy at this point, although WRI is a great partner to have..

Looks like the required updates have been made, and we are off the Expert Market.
I am seeing updated quotes today.

Best to all,
WW

No. Ihub removes the moderators when there hasn't been sufficient activity.

Phillip

You moderate this board right? You know nothing of this stuff? Says a lot. Just Tea Leaf Readers here, nothing of note.

Been Two Weeks. OK Call Jim and give up an update since you seem to have an insider line to him. WTF do I care about that, btw? I don't need "Jim's" BS, I need actions by this under-water, lack-luster, POS project. All winds are at your back. Can you do something??? That is the question.

Synaphai,

Thanks for the good news. Hope it holds!