RE: Cellic CTec 3 Hi guys. Thanks for sharing those good articles M101. I'm not a scientist or in the know and it would be hard for me (or a number of us) to comment on where we are exactly in terms of competing with non-renewables with the additional 35% in improvements. That being said, I like to think that the best possible indication that this is actually something which is of a high potential magnitude is the recent insider filings.
It's always a good indication of success when those in the know are buying up: in September alone insiders picked up more than 4.6 million shares (not counting the more than 12 million shares picked up by Difference Capital Funding Inc. in late August). And most importantly, Difference Capital is even picking up the stock at around $0.12. So it's not like it's for a quick flip.
See: https://www.canadianinsider.com/node/7?menu_tickersearch=LEC+|+Lignol+Energy
Would it be nice if management actually could do a better job of indicating in its PR how close the company is in terms of competing with non-renewable fuels? Sure. But again, we have to remember that the cellulosic ethanol is actually a by-product of the lignin production for Lignol. Which is what makes this such a great play imo.