Vulcanized Crawler
9 hours ago
UPDATE CyberFuels, Inc. JUNE 28, 2024
Dear Shareholders,
I know that it’s been a while since my last President’s Letter, but we have been busy negotiating contracts for our Cyberfuels Green Energy Campus as well as a very important and lengthy JV Contract for a development partner for the campus. At the same time, we have begun the process of negotiating buildout requirements for the terminal and engineering designs needed to begin the permitting process. These negotiations are very confidential due to their sensitive nature. Therefore, we can only share limited information during this process. We are giving the shareholders the best and most current information within these constraints. To that end, here are some updates that I am pleased to announce:
Earlier this month we received enough shareholder votes and Board approval to announce that we will be changing our name from Encountercare Solutions to CyberFuels Holding Company Inc. We believe the change in name better reflects the industries we are in. We are working diligently to change our symbol on the OTC as well, and we will announce that as soon as it is completed. The vote also increased the authorized shares of stock to 250 million shares. We are not sure of the need to raise capital at this moment, but we chose to create reserve shares should we need to raise capital to help support our future growth initiatives. We are always sensitive to dilution of shareholders so please realize that the authorization step taken here does not add to the share dilution until the shares are actually issued.
The Company expects to only issue shares at a price that represents the true stock value based on our growth, both internally through the fuel and additive business as well as the tremendous new growth represented by the buildout of the terminal and resulting income associated with that buildout.
We have a balloon payment on the mortgage for the Port Tampa Terminal properties and businesses in Port Tampa. We have been in constant contact with the Seller’s Estate Administrators, and they are fully aware of the immense progress that we have made with our potential JV partner. We expect that the finalization of the JV Agreement will allow Cyberfuels Holding Company to make cash deposits that will eliminate the liens on the properties so we can contribute the land and businesses without encumbrances. Our potential partner is nearing the completion of their own due diligence (having taken months longer than we expected). Nonetheless, we expect to have this process completed in sufficient time.
We have been deeply engaged with suppliers, vendors, and engineering firms to support our buildout of the Green Energy Campus’s liquid fuel farm and the good news is that we expect to be in business there sooner than we had anticipated. We now expect to be fully operational in a 12 – 16 months window, down from our previous forecasted model of 24 months. We have also lined up LOI’s for the tanks, so we have solid support for our business model for the distribution of fuels out of Port Tampa. Both developments are expected to be accretive to our cashflows once the storage tanks become operational.
Another large fleet trial of our Dynamo ™ All-In-One Ultra Cetane Booster was just completed and the results showed over 27% increase in mpg which is about what we’ve averaged on other trials. This is another demonstration of Dynamo’s tremendous value and efficiency. I’ve been asked why these trials haven’t immediately turned into sales and the answer is that each fleet is different. We have fleets that want individual dosing systems built to install on the back of each cabin, and those hundreds of units take time to engineer and build (contracts being discussed already). There are fleets that get their diesel filled from mobile truck deliveries, so contracts and agreements must be made with those companies which also take time. It’s a double-edged sword when negotiating with fuel distributors about bringing diesel with Dynamo ™ to their customers when they understand that they may lose over 20% of their sales due to our efficiencies. These are just some of the obstacles to closing the sale but both Wowza and Green Path Technology (previously named Trucking Tower) have super sales teams and managers that are moving those obstacles out of our way.
As stated earlier, I / we expect to have more news in the next 30 days that showcase the decisions that are made to build financial stability and growth to CyberFuels Holding Company Inc. We are as eager as you to get the JV underway and the buildout of our Green Energy Campus going with the right partner. Thank you for your continued support and have a Happy 4th of July holiday.
Sincerely,
?
John Lawrence
President / CyberFuels, Inc.
TKS PARTY
11 hours ago
3 trades so far today, maybe the breakout board was meant for Monday. This waiting around is so exciting!!!!! The build up for the biggest news in company history, Contracts, 18-million-dollar payments, build out dates its all on the table. Dynamo contracts .Big OIL Let's GO !!! Tweets on X , no sorry maybe later.