Crazy new idea company? I would hardly call Algaetec a "new" company. These guys have been working on this system for over 8 years. They have a technology that is in the process of being proven by SGS after which I imagine there will be a string of anns. for contract signings. Well thats how it goes on my head anyway.
On a side note, apparently Algaetec can produce fuel at half the price or crude oil. I have watched that video before but didn't remember what it had said. If thats the case we shouldn't have too much trouble competing with the Oil companies.
Twiddling thumbs until SGS finish up then I guess.
AEB Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held