"How is the company defrauding investors?" The

"How is the company defrauding investors?"

The company stated it was able to make an oil for a cost of under $10/bbl for which it had offers in hand to buy that oil for the West Texas Intermediate spot price less $3/bbl. The company never retracted that statement and some investors still believe that to be true. Golfgod, a long posting on this board, explicitly stated he still believed that to be true.

Additionally the company constantly announces agreements with other companies which would be material information. The problem is that those deals would also be material information when they fall apart...but that information is always withheld from investors. Any normal investor would believe that things are moving forward in the absence of any indication from a trusted company that a deal had somehow fallen apart.

If current CEO Mr. Heddle came clean and announced that the company hasn't identified a useful, value-adding purpose for the process yet but that a search was underway and gave the states of all the agreements, I would have no more complaints.

Yes, I understand your penny stock also is the real deal, created with the inventiveness of Edison and destined to be the next Microsoft. Yes, I understand that the delays are also only because your company is making their product and/or technology even more revolutionary.