Posted On: 08/15/2014 8:32:24 PM
Post# of 43065
You don't put things in SEC filings based on what you think some people may or may not believe on smbs. Your comment makes zero sense. Anybody who is not obsessed with stupid conspiracy theories and has even a basic understanding of public companies know you simply describe the situation your company is in accurately. So it is not really that complicated. Something like my additions in bold would suffice if indeed they have fixed the machines with used parts as alleged.
The Company had to shut down its fuel production late in the fourth quarter of 2013 due to severe cold weather that caused damage to condensers and other components of its processors. Management estimates that the repair of the processors will require the expenditure of between $175,000 and $200,000. As of the date of this report the Company lacked the working capital or access to bank credit to make these repairs. In the meantime the company has taken advantage of used parts from the other processors to get processor #3 sufficiently operational to continue testing feedstock from potential customers.
The Company had to shut down its fuel production late in the fourth quarter of 2013 due to severe cold weather that caused damage to condensers and other components of its processors. Management estimates that the repair of the processors will require the expenditure of between $175,000 and $200,000. As of the date of this report the Company lacked the working capital or access to bank credit to make these repairs. In the meantime the company has taken advantage of used parts from the other processors to get processor #3 sufficiently operational to continue testing feedstock from potential customers.
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