RE: LEC Getting "New" Orders, "New" Customers.Slumdog, I guess we can lay some blame to the markets, but usually the market is right, albeit long term those selling today may not be, IMO.
I think that today's update was great, but what the market needs to see are actual results of the Lignol trial sales for starters, and of course some form of offtake agreement(s) with majors in order to fully commercialize their cellulosic ethanol/HP-L Lignin biorefinery plant.
Today's update IMO, is quite telling in that it informs investors on how well the current trials are doing as they are "meeting expectations". It also tells us that the sales base is broadening with more development partners starting new trials with new shipments of Lignol's proprietarty HP-L Lignin.
For those that can see where the final results are heading, today is a great day to accumulate.
There probably is still some concern regarding LEC's finances, but IMO with today's update, I strongly believe that whatever avenue LEC chooses to raise funds in the future, whether it be an investment thru a JV partner, continued Gov't grants, or thru public markets, they will not have a problem raising money.
I for one am anxious to see the results which the hint from today's news is pointing to them being more than adequate. Why the increase in demand? Well we have a "GREEN" product that is not only meeting and probably exceeding standards, but it is competitive in price. atb