Garry Anselmo is completely serious when he says that his company, Silverado Green Fuel, can produce a liquid fuel for industrial boilers that will cost about the same as oil, if oil sold for $15 a barrel
For cars, he says the company’s processes can be used to produce barrels of “oil” for car fuel that will cost about half of what conventional oil costs today, which is around $50. What’s the secret? Coal, a word that makes most people’s flesh crawl. Silverado takes low-grade coal, pulverizes it and cooks it under pressure with water until it develops a waxy coating. The waxy coal particles are then reunited with carbon-infused water removed at an earlier part of the process to make a liquid fuel. So think of it as a coal latte.
One barrel of GreenFuel costs about $6, but it takes about 2.5 barrels to provide the same energy equivalent as a barrel of oil. Hence, the $15 a barrel figure.
More at the links below:
[CNET]
Our-Street.com’s Special Lifetime Mischievement Award 2004
Garry Anselmo – Silverado Gold Mines, Ltd. SLGLF
It takes a special kind of person to rip people off year after year after year. Even coming up with new scams when the old ones fade can take a lot out of a person. But to work the same scam for 30 years and to work it successfully is the kind of special mischievement the panel was looking for to present our Lifetime Mischievement Award to.
Garry started ripping of investors in the 70′s with his gold mining scam and has basically worked the same scam ever since. Oh sure, when gold fell out of favor, he introduced his bogus coal water scam complete with “almost here” grant money to fill in the gap but when the rubber met the road, it was always the next gold mining season that was gonna rock the financial world with his bogus assays from loyal henchman Edward Armstrong.
Working this scam, Garry has managed to rack up an accumulated deficit of over $56 Million with nary a profitable year in sight.
One amazing thing about Garry, is that the investing public seems willing to continue to believe him year after year, or at least they did prior to the Our-Street.com report. We aren’t sure if it is the massive dilution that keeps the stock from running again or the fact that the public finally has tired of Garry’s “same song, thirtieth verse” pump that has flattened SLGLF’s trading curve but, we are confident another hefty reverse split ought to be just the ticket to revitalize his scam and give him plenty of downward movement yet again to further his personal economic picture.
You see, despite Silverado’s failings, Garry has never suffered. He lives large in a luxurious home in Vancouver, drives a new Corvette, dines in the finest restaurants, travels first class and basically enjoys the good life at the expense of the investing public. His offices are opulent and extravagantly furnished in a style that suggests an over abundance of excess cash accompanied by a total lack of good taste. The only thing missing is a giant black velvet tiger painting. But why not? After all, the public is stupid enough to believe the scam year after year after year.
Something else that makes Garry Anselmo unique among long time scam artists is his proprietary way of sucking funds out of the public entity without having to disclose his cut. Long ago, Garry formed a private company he called “Tri-Con” and Tri-Con works for Silverado, sucking every available dollar out of the public entity using a fancy scheme of mark ups on top of mark ups and non-disclosed billing practices. We are surprised more scams have not adopted the “Try A Con” rip off model on their own. Perhaps Garry has patented the process and licensing fees are set too high for the average small time pump and dump guy.
The one thing that really makes us wonder is why the SEC has not stepped in. Given the overwhelming amount of evidence we presented to them, and given they do not fall within the purview of the Miami office, the only thing we can imagine is that living in Vancouver presents an additional layer of regulatory insulation and allows Anselmo to operate with impunity.
Anyway, to Garry Anselmo for 30 years of non-stop scamming the public we present you with our Lifetime Mischievement Award.
Silverado is a perfect example of the worst of the worst when it comes to mining.
It has a classic scam artist CEO that has been using this POS for his inflated living much the same way a pimp uses his whores.
All you can wait for now is the inevitable reverse split to alllow him a few more years of free loading off his shareholders. Anybody who touches this stock has mush for brains and will deserve his ultimate loss.
It is one thing to get scammed before public knowledge is out but now you can rename yourself a lemming for getting involved. The entire company is laughable.
Welcome to the used car lot!
from world net daily interview report with garry anslemo of silverado green fuel…
in their latest promotional peices,,they claim that they designed this fuel process… which totally contradicts past promotional material:
Silverado is also strongly touting its “revolutionary new fuel process.” The company entered the fuel sector in 2000, forming a New Fuel Technology Division,” which operates out of Fairbanks, Alaska. Silverado has stated that it is the “top contender” for and “close to winning” a $9.7 million Department of Energy grant to demonstrate the commercial feasibility of the fuel.
In addition, the company’s promotional materials have claimed variously that Silverado “controls this technology,” that the process is “patented,” and that Dr. Warrack Willson, who is now vice-president of Silverado’s Fuel Technology division, “holds the proprietary rights to the low-rank coal water fuel (LRCWF) process.”
Ron Pierce, director of the University of Alaska’s Clean Coal Project, a project also tasked with demonstrating the commercial feasibility of low-rank coal water fuel, scoffed at the idea that making the fuel was a “proprietary process.”
Low-rank coal water fuel (LRCWF) is essentially a slurry of water and coal particles that can serve as a non-hazardous replacement for oil. And experts say the fuel is not “new”; there are two decades of research and symposia on record related to LRCWF, and research on low-rank fuels and coal-water fuels in general stretches back to the 1960s.
While experts say the process of making the fuel itself is not patented, there are patents in existence for enhancing certain characteristics of the fuel. A May 5, 2000 Silverado press release stated that Dr. W. Willson “co-holds a U.S. Patent (No. 4,337,142)” for the “Continuous Process for Conversion of Coal.” While Willson is listed as one of five inventors of the patent, the document lists the assignee (the party that actually holds the patent and attendant rights) as “The United States of America as represented by the United States,” adding that the invention arose out of work performed while under contract to the U.S. Department of Energy.
Willson is also listed as one of seven inventors for a patent described as “Methods to enhance the characteristics of hydro-thermally prepared slurry fuels.” The assignee for that patent is the Energy & Environmental Research Center in Grand Forks, N.D. That work was funded in part by four Department of Energy cooperative agreements, and as such the patent states, “The U.S. Government may have certain rights in the invention.”
Dr. Michael Jones, of the EERC, told WND that Silverado had not applied for nor inquired about a license for use of the patent. Jones is associate director of industrial relations and technology commercialization at the EERC, and adjunct assistant professor of physics at the University of North Dakota.
WND asked Anselmo about seeming discrepancies in the company’s claims of controlling patents and of holding “proprietary rights” to the production of LRCWF, as compared to statements from government documents and scientific experts.
Anselmo answered: “He [Dr. Willson] has certain proprietary rights necessary to run the process.” When asked, “And what rights are those?” the CEO replied, “The rights we do not put forth. He’s published, uh, people can look at those, um, they’re all published … we’re not going to point people where to go.”
What about Silverado’s claims, in its promotional materials, that it is “close to winning†a $9.7 million DOE grant? The company applied for the federal funding under the Clean Coal Power Initiative, a program that is actually a co-operative agreement requiring cost-sharing and re-payment.
The Department of Energy has been reviewing these proposals now and announced the selections as this report was going to press.
Silverado was not awarded federal funding. The company’s explanation for being turned down was that the $313 million in federal funding “went to major polluters to clean up.”
Silverado’s ‘partners’?
Silverado’s application for federal funding listed as “partners” Great Northern Engineering in Anchorage, Alaska, and The Mineral Industry Research Laboratory at the University of Alaska, Fairbanks.
However, an employee of Great Northern Engineering, who declined to be named, denied to WND that there was any partnership between the companies, stating GNE has simply performed contractual work for the company on occasion. Messages left for GNE owner John Riggs were not returned.
Likewise, Dr. Sukumar Bandopadhyay, director of the Mineral Industry Research Lab at the University of Alaska, stated that there was “not yet” a partnership between Silverado and the lab.
Ron Pierce, director of the University of Alaska’s “Clean Coal Project” also denied there was any connection between the university and Silverado. Pierce coordinates the construction and management of the project and assists in obtaining funds for future construction activities.
The UAF Clean Coal Demonstration Project was sponsored by the U.S. Department of Energy. The project called for the assembly of a proving facility for the commercial demonstration of low-rank coal water fuel (LRCWF) production and utilization technology. The project involves construction of a LRCWF processing facility and installation of a 6.4MW (9.6MW on oil) 18-cylinder diesel engine that will burn LRCWF. A 6,000-hour demonstration period is planned to show the performance and economics of the technology in both reciprocating engine and boiler applications. After a valiant effort and over $48 million in funding, the project is currently stalled and awaiting further funding.
As indicated in its federal funding application, Silverado estimated the total cost of its project to be only $23,961,760, the estimated Department of Energy share to be $9,718,366 and Silverado’s estimated share to be $14,243,394. Prior to the recent announcement, WND asked Joann Zysk, an Acquisition and Assistance Division contract specialist with the National Energy Technology Laboratory, whether Silverado was indeed a “top contender” for the federal funding, as its public statements have indicated. Zysk said that she had already been made aware of the information and added, “What they’re [Silverado] putting out there is very misleading.”
Asked to comment on the “partners” that denied the relationship Silverado claimed, Anselmo told WND: “They’ll deny it. They’ll deny being part of it, they’ve turned us down on a number of occasions.”
Asked why would they want to deny it, Anselmo answered, “Oh, the politics have been unbelievable,” citing “a lot of jealousies” and stating that “the administration [of the University if Alaska] have [sic] been working with us,” adding that “one of our directors in fact on board of university [is] … Ed Armstrong.”
Anselmo added, “Be careful how you cast things, we’re almost there, let the grant fall. … The University will be good buddies and be wanting to join us.”
Anselmo later called WND to retract the comment identifying Armstrong as a university board member.
Prior to publication of this report, Anselmo called WND and said, regarding the patent information: “I asked you not to go into this,” and warned this reporter repeatedly to “be careful,” adding that the project was “a big political machine,” adding “you don’t want to be posting that information,” and to “let this [the awarding of $9.7 million in federal funding] happen.”
In vague, rambling comments, he tried to persuade WND to not divulge its findings regarding the patent issue, because “they [the EERC] applied for the patent under fraudulent data.” In response, Dr. Michael Jones of the EERC told WND, “We stand by our patent.”
As indicated in its federal funding application, Silverado estimated the total cost of its project to be only $23,961,760, the estimated Department of Energy share to be $9,718,366 and Silverado’s estimated share to be $14,243,394. Prior to the recent announcement, WND asked Joann Zysk, an Acquisition and Assistance Division contract specialist with the National Energy Technology Laboratory, whether Silverado was indeed a “top contender†for the federal funding, as its public statements have indicated. Zysk said that she had already been made aware of the information and added, “What they’re [Silverado] putting out there is very misleading.â€
Asked to comment on the “partners†that denied the relationship Silverado claimed, Anselmo told WND: “They’ll deny it. They’ll deny being part of it, they’ve turned us down on a number of occasions.â€
Asked why would they want to deny it, Anselmo answered, “Oh, the politics have been unbelievable,†citing “a lot of jealousies†and stating that “the administration [of the University if Alaska] have [sic] been working with us,†adding that “one of our directors in fact on board of university [is] … Ed Armstrong.â€
Anselmo added, “Be careful how you cast things, we’re almost there, let the grant fall. … The University will be good buddies and be wanting to join us.â€
Anselmo later called WND to retract the comment identifying Armstrong as a university board member.
Prior to publication of this report, Anselmo called WND and said, regarding the patent information: “I asked you not to go into this,†and warned this reporter repeatedly to “be careful,†adding that the project was “a big political machine,†adding “you don’t want to be posting that information,†and to “let this [the awarding of $9.7 million in federal funding] happen.â€
In vague, rambling comments, he tried to persuade WND to not divulge its findings regarding the patent issue, because “they [the EERC] applied for the patent under fraudulent data.†In response, Dr. Michael Jones of the EERC told WND, “We stand by our patent.â€
Converting coal to oil is nothing new. The South Africans have been doing it for better than 50 years. The technology to do that is on the shelf and if it were viable you would have every coal producer in the country doing just that. My interpretations of what Silverado was advertising was that they had a “Coal Slurry Technology” that was touted as being something new. Again, coal slurry technology(coal fines carried in water medium) has been around since I went to mining school in 1978. In fact, I helped Dr. Roe Ho Yoon of Virgina Polytechnic Institue in maintaining his Coal Slurry research plant which did the same thing that Silverado is claiming to do. As to setting up a plant , if you read some of Gary Anselmo’s press releases of a few years ago you will see that he plans on using one of his defunct buildings at an old mine site to do his Frankenstien project. What a joke. If he can’t raise a few hundred thousand to set up this micky mouse plant what does that say of the idea. The only reason he doesn’t try to sell some shares is because the price is around a dime and with his track record, is probably having a hard time trying to find any new suckers. He has thrown the line in the water way too many times. Serious investors need to treat this for what it is , a shell game.
If only more than 16 people would read about this..