TRTN. Gonna rock today. Board: http://investorshub.advfn.com/boards/board.aspx?board_id=15341
=== Executive Summary ===
TRTN. Awesome longer term investment here. Fully reporting. 13M Float. Zero dilution,
Audited financials, the works:
Watch this Video of the CEO John Bordynuik demonstrating his new technology of reading computer tapes from NASA.
They get $22/tape. NASA has Millions of tapes. TRTN has 70 tape drives. Do the Math:
Board: http://investorshub.advfn.com/boards/board.aspx?board_id=15341
Be sure to click on "Show iBox".
CEO: http://www.johnbordynuik.com
Company: http://www.310holdings.com
CEO Article: http://www.johnbordynuik.com/BusinessNiagaraMagazine.pdf
Full DD: http://www.Lighthouse57.com/TRTNBrochure.doc
1. CEO, John Bordynuik, is a very well respected scientist with ties to NASA, MIT, numerous Fortune 100 companies, United Nations, US Army. Website: http://JohnBordynuik.com .
2. Bordynuik has a very profitable private company, John Bordynuik Inc. (JBI) that reads the 'unreadable', i.e. the over 50 million computer tapes from the early computer era (60's-80's). There is a wealth of information on those tapes, and he developed his own tape drives to read these degraded tapes.
3. He has an exclusive contract with NASA and gets paid $22 per tape to recover the data. They are currently processing about 700 tapes a day, but will be processing many more due to new tape drives coming online very soon.
4. Their process can be used on any tapes, both legacy and current.
5. They have recently revolutionized data recovery methods (and Patented these methods), increasing the throughput tremendously, and are exploring applying the technology to disk hard drives as well.
6. A new office in Cambridge, MA has been leased, and will open soon.
310 Holdings ===
In April 2009, Bordynuik bought a public shell company, and moved most of the assets and production facilities from his private company (JBI) into the public company. The public company now has a positive balance sheet, with revenues. The transaction was independently audited.
The company is fully reporting and compliant. Stock Symbol: TRTN
Share Structure: 53M OS, of which 40M Restricted is owned by Bordynuik. That leaves a float of only 13M shares.
The goal of the company is to move to the NASDAQ exchange within a few months. CEO will not consider FSing the stock until after it gets to NASDAQ, if then.
Company is profitable with an approximate .18 EPS.
Plastic2Oil. ===
Videos: Prototype:
1. Existing machines are used in China, Thailand, Taiwan, etc to convert Plastic to oil.
2. Bordynuik discovered a catalyst that makes this process much more efficient.
3. After the data is recovered from these tapes (they weigh about 5 lbs each), they will be fed into the machine and converted back to the oil from which they came from in the first place.
4. The oil needs minimal refining, and will be sold into the diesel market. He already has buyers.
5. The whole process will be franchised across the country/world. The first franchise has already been bought.
6. The process will also recover oil from used tires.
7. Of course there an unending amount of other waste plastic available to be converted to oil.
8. In larger metropolitan areas, the company will run it's own machines.
9. The first machine is currently enroute from China.
Bottom Line. ===
In 37 years of investing in stocks, I have never seen a more promising company. Even the symbol has a nice way to remember it (That's Right, Top Notch).
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