(Total Views: 174)
Posted On: 07/21/2022 10:29:55 PM
Post# of 13818
Re: ThreeEmInEn #2437
If only one knew what they were talking about?
There is no HCL machinery, as the permanent financing has yet to close.
"The manufacturer will contribute approximately $3.1 million in Hydrochloric acid (“HCL”) refining equipment that will allow elements of the MedRcycler medical waste residuals to be processed into HCL for sale. The partnership agreement provides for the contribution of the processing equipment in return for a twenty percent (“20%”) gross profit participation right from the processing and sale of the HCL. MedRecycler will contribute and utilize elements of the residual that is produced from the processing of medical waste, along with housing and operating the equipment as part of the agreement. The asset contribution and profit participation partnership agreement is contingent upon the closing of MedRecycler’s permanent financing to fund the MedRecycler facility in West Warrick, RI."
There is no HCL machinery, as the permanent financing has yet to close.
"The manufacturer will contribute approximately $3.1 million in Hydrochloric acid (“HCL”) refining equipment that will allow elements of the MedRcycler medical waste residuals to be processed into HCL for sale. The partnership agreement provides for the contribution of the processing equipment in return for a twenty percent (“20%”) gross profit participation right from the processing and sale of the HCL. MedRecycler will contribute and utilize elements of the residual that is produced from the processing of medical waste, along with housing and operating the equipment as part of the agreement. The asset contribution and profit participation partnership agreement is contingent upon the closing of MedRecycler’s permanent financing to fund the MedRecycler facility in West Warrick, RI."
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