I keep reading the same old negative comments over
Post# of 2009
Posted On: 10/30/2014 6:32:54 AM
I keep reading the same old negative comments over on the other board, XNRG has no money, they will never be able to finance JV003 shipping, they wont be able to do this or that.
Come on people, if you read the update from Jerry last weekend on JV002 & JV003 he stated:
As of October 24, 2014, JV002 is waiting for Proof of Product (POP) from the Supplier that the jet fuel has arrived at Rotterdam and unloaded in a jet fuel storage tank. The following documents are required:
1. Tank Storage Receipt (TSR);
2. Authorization To Sell (ATS);
3. Dip Test Authorization (DTA); and
4. Fresh SGS report, not less than 48 hours.
Upon receipt of the above documents, JV002's banker will release the Irrevocable Revolving Documentary Letter of Credit (IRDLC) guaranteeing payment for the first (trial) shipment and subsequent deliveries of Jet Fuel.
Key words "Guaranteeing Payment". How is he going to finance JV003 and next JV002 shipments, pretty obvious. This is a 13 month deal, once first shipment is paid for this opens up the door for all other shipments.
Come on people, if you read the update from Jerry last weekend on JV002 & JV003 he stated:
As of October 24, 2014, JV002 is waiting for Proof of Product (POP) from the Supplier that the jet fuel has arrived at Rotterdam and unloaded in a jet fuel storage tank. The following documents are required:
1. Tank Storage Receipt (TSR);
2. Authorization To Sell (ATS);
3. Dip Test Authorization (DTA); and
4. Fresh SGS report, not less than 48 hours.
Upon receipt of the above documents, JV002's banker will release the Irrevocable Revolving Documentary Letter of Credit (IRDLC) guaranteeing payment for the first (trial) shipment and subsequent deliveries of Jet Fuel.
Key words "Guaranteeing Payment". How is he going to finance JV003 and next JV002 shipments, pretty obvious. This is a 13 month deal, once first shipment is paid for this opens up the door for all other shipments.
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