I see this as something that's a waste of my available funds. Unless you have enough cash to own everything, there's no point in owning this until congress actually takes it up. FutureGen is not going to look for other funds until Congress says no, Congress is being effected by an election year.

Personally I can't afford to have my available funds locked up indefinitely holding a stock that could never end.

ejcassel

I bought a few shares short.

If futuregen announces they are closing up shop, that ends the prop immediately, possibly with very little warning.

I shorted this until I realized that it will never pay off short, due to no deadline. The only way for the stock to pay off is long. There are two criteria for long either congress reverses itself, or they find other funding if this happens next week or in fifty years it will pay out. Since there are no criteria on how long a short can never happen.

Here's an article from Dailytech about the DOE probably not continuing funding for futuregen in favor of smaller, cheaper projects.

http://www.dailytech.com/DOE+Unveils+Massive+Carbon+Sequestration+Program/article11734.htm

Here is a link that shows it receieved $2,000,000 in support yet it remains active. The admins won't answer my question as to why they haven't paid either. This is the link that popsci posted...
http://www.news-gazette.com/news/local/2008/07/03/futuregen_studies_receive__million_in

To answer bassinator's question about why this hasn't paid out; none of the criteria has been met.

A) Congress has not reversed the DOE's decision not to pay. The amount the DOE was originally going to pay was three quarters of the estimated $1.8billion the plant was going to need to build. Construction hasn't even started and cost overruns are already huge.

B) No one else has stepped up to pay the part the DOE has backed out of. The Illinois clean air board mentioned by bassinator is only paying the $2million they had committed to when the DOE was still part of the project.

All of this can be verified here:
http://www.news-gazette.com/news/local/2008/07/09/futuregen_alliance_welcomes_funding_vote

ejcassel
http://www.ppxchat.com