Bio-Buddies BOV (BIG OIL VENTURE)

[Bio-Texas-DFW]

Please don't be offended, but I'm going to delete any post that doesn't pertain to the thread title, so to save time and confusion.

[Bio-Texas-DFW]

Here is the list for the BOV (BIG OIL VENTURE)

BB Members: (in alphabetical order)
1. Andrew H.
2. Carlos S.
3. Clint S.
4. Don F.
5. Earl A.
6. Hanz J.
7. Jay U.
8. Kenneth H.
9. Mark A.
10. Mike B.
11. Miles H.
12. Rick V.

Which is capped (not taking anymore investors at this time). We'll let everyone know if this changes.

BOV Equipment:
Carlos - 1 tote
Don - 1 tote
Mark - 1 tote
Jay - trailer

We still need 1 tote and I was thinking we needed at least 2 drill pumps and 2 cheap-o cordless drills or 2 Harbor Freight pumps and 2 extension cords. Probably going to need some straps to hold the 4 totes to the trailer (for empty transport) and maybe a tool chest (if not already there) for the trailer to hold "on the road" tools for repairs or malfunctions while in route (trailer and totes first aide kit so to speak)

1 Tote
Pumps
Extension Cords
Straps
Tool Chest & First Aide Kit

Here's the basic idea Rick and I talked about the other night. We'd tie the totes to the trailer and haul it to the source. They'd take a week to fill it with 1000 gallons of WVO. Pull the trailer to Rick's house and tell everyone the oil is in. Have everyone bring their own 55 gallon drums and fill them from the totes. When the totes are empty, haul them back to the source and start the process over. Hopefully getting this done twice a month for 2000 gallons of WVO per month. With 12 people, that comes out to 83 gallons per load (or 166 per month). We're not sure, but we think we can get this done as fast as we can empty the totes and get them back to the source. We may be able to the 3000 gallons per month, but maybe not!

[Bio-Texas-DFW]

Here’s what I propose..

Since most of the equipment is going to be provided, I guess we can talk about the best way to divide all the expenses so that it's fair for everyone.

If we took the total cost of the 4 totes needed ($200) and divided that equally between everyone it'd be $16.67 x 12 people. Now, the 3 people providing totes wouldn't have to pay anything, but we could take the $50 tote price and subtract the $16.67 per person and pay $33.33 to each tote owner. This would allow everyone to pay the same for all the totes. No one that is providing totes would have to pay anything. Everyone else would pay the tote owners $33.33 divide up.

Math:
12 people total.
1 person for trailer – no tote payment, compensation for trailer minus $16.67 for tote
3 persons for totes – no tote payment, payment for trailer
8 persons – payment for totes, payment for trailer

$200 totes / 12 = $16.67 each.
Compensations for totes… each tote owner would get $50 minus their share of $16.67 ($33.33). The remaining money would be spent on the final tote needed.

Now, Jay wouldn’t have to pay anything for the totes and the remaining 11 would divide up the cost of compensating him for his trailer minus his share of the totes. (I.E. If we decide to compensate Jay $100 then we’d subtract his share of the totes, $16.67, and divide the rest, $83.33, between the 11 of us left, $7.58 each.)

Please let me know what ya’ll think.

Also, since Kenneth is coming 300 miles and 4 hours to get his oil, I purposed we let him get all his oil from one load instead of having to make two trips a month to Texas. This would mean he would take 166 gallons the first load and everyone else would get 76 gallons, then the second load everyone would get 91 gallons and he would take none. I also purposed some of us Texas guys helping Kenneth out by getting together and taking a trip to Oklahoma every other month to take his oil to him. (since we'll be running $0.50 per gallon biodiesel) I figured it'd be a fun way for some of us to get together and take a little road trip to the mysterious land of the Okies. If nothing else, I’ll probably make this trip alone.

[nitroman]

this all sounds good to me, just let me know what I need to buy or how much I owe. Hopefully, we can have a load by dec. 3rd. I would like to go to the class again and it would be nice to be able to pick up a load of WVO.

Just keep me informed and let me know what I need to buy or how much I owe..

thanks

kenneth

[Bio-Texas-DFW]

Getting this together before the Dec. meeting would be really nice.

Hopefully we can get everything organized.

I'll send out an OK - TX BBML telling everyone to meet here to get all the details worked out.

I know there's at least one major player out of town until the end of the week, so it might take a little while to get us going in the right direction.

[txcas]

I don't think there will be any oil for us to collect at the meeting but we will take the money. ;D

[Bio-Texas-DFW]

LOL, stop it Carlos.
No, there isn't a need for barrels or money at the meeting (unless you plan to stay for the class and haven't paid already).

There is good news to announce about the BOV & BOV 2 at the meeting, but there isn't going to be any oil there to collect.

[w5gm]

So what ever happened to this project? I still have my trailer and I think I may be getting a free tote.. Oh yea, and now I have a fully built processor.

admin said:

Here’s what I propose..

Since most of the equipment is going to be provided, I guess we can talk about the best way to divide all the expenses so that it's fair for everyone.

If we took the total cost of the 4 totes needed ($200) and divided that equally between everyone it'd be $16.67 x 12 people. Now, the 3 people providing totes wouldn't have to pay anything, but we could take the $50 tote price and subtract the $16.67 per person and pay $33.33 to each tote owner. This would allow everyone to pay the same for all the totes. No one that is providing totes would have to pay anything. Everyone else would pay the tote owners $33.33 divide up.

Math:
12 people total.
1 person for trailer – no tote payment, compensation for trailer minus $16.67 for tote
3 persons for totes – no tote payment, payment for trailer
8 persons – payment for totes, payment for trailer

$200 totes / 12 = $16.67 each.
Compensations for totes… each tote owner would get $50 minus their share of $16.67 ($33.33). The remaining money would be spent on the final tote needed.

Now, Jay wouldn’t have to pay anything for the totes and the remaining 11 would divide up the cost of compensating him for his trailer minus his share of the totes. (I.E. If we decide to compensate Jay $100 then we’d subtract his share of the totes, $16.67, and divide the rest, $83.33, between the 11 of us left, $7.58 each.)

Please let me know what ya’ll think.

Also, since Kenneth is coming 300 miles and 4 hours to get his oil, I purposed we let him get all his oil from one load instead of having to make two trips a month to Texas. This would mean he would take 166 gallons the first load and everyone else would get 76 gallons, then the second load everyone would get 91 gallons and he would take none. I also purposed some of us Texas guys helping Kenneth out by getting together and taking a trip to Oklahoma every other month to take his oil to him. (since we'll be running $0.50 per gallon biodiesel) I figured it'd be a fun way for some of us to get together and take a little road trip to the mysterious land of the Okies. If nothing else, I’ll probably make this trip alone.

[Bio-Texas-DFW]

This is the exact subject of the meeting we're going to have on Dec. 2nd, 2006!!!

I haven't been calling it BOV, but it's the exact same subject. The original plans never really moved forward.

[meairey]

Hey ! I just got back & think I lost some e-mail . I thought the meeting was on Nov. 4th in Rockwall .I have talked to a guy @ Toco Buano who is in charge of finnding a rendering company for there stores ,he said he will keep me in mind when new contracts come up for renewal. Please let me know when & where the meeting will be ,Thanks MEA.

[Bio-Texas-DFW]

Meeting is Dec 2nd, in Rockwall (due to everyone being out of town for thanksgiving).
biotexasdfw.proboards78.com/index.cgi?board=general&action=display&thread=1159983176