Short Term Catalysts...No doubt this is a long term play, but as TheRock pointed out, most of the higher risk stage of R&D is behind us.
LEC has already started selling trial shipments of HP-L Lignin to their development partners with results pending.
It should be noted that LEC has gone on record stating that their 2nd Generation Biorefinery should be producing commercial Ethanol/HP-L Lignin by 2013.
For this to happen, first off we need excellent results from the current HP-L Lignin trial sales, after which in order to meet demand a commercial Ethanol/HP-L Lignin Biorefinery needs to be built.
If this is to happen and commercial sales to begin by 2013, construction would IMO need to start by early 2012. Which leads me to believe that sometime this year, a deal or deals need to be finalized with a JV partner or partners in order to facilitate a smooth transition from small scale pilot plant production, to mass commercialization of Ethanol/HP-L Lignin .
Safe to say that after the current trial sales of HP-Lignin produce satisfactory results, we could get news that may be the catalyst needed to move our share price higher. This could happen sooner than we all think. atb