Sulphco, Inc. (SUF)

I rode Sulphco up for the past year, (10-22-07) based on the business plan presented in summer conference calls, and the rising oil market.
At this point, I'm negative on the company based on a statement, made rather off hand, in the last conference call by Ryan, the CEO. He said that they didn't have a mass balance of where the Sulphur (S) went after the sonocracking event. Any refiner must make their business based on mass balance. If the S isn't being extracted as an effluent, its still in the oil and therefore disallows the oil "product" to be sold as a sweet crude, a crucial factor in making the business plan work. I can't believe this company went this far without understanding the mass balance- I'm degreed as a chemist, and some background in CHEn. This violates every rule a refiner would follow. I'm now in medium term puts, and had this stock picking page allowed me to correctly register the choices I've made in my personal portfolio, it would have registered a .75 point drop in the price since 10-18. I think this company could be bankrupt in 90 days to 6 months, based on the recent 9 million share offering floundering, and no product to sell to any potential customer- no convincing sales case if the mass balance doesn't work.