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Company moves closer to buying Volney ethanol plant
https://www.oswegocountynewsnow.com/news/company-moves-closer-to-buying-volney-ethanol-plant/article_898063f0-fa80-11ed-9389-2f417bedac2e.html
Oldrogue.
Do you have any idea as to what this is about?
If you haven’t already done so…Look at some other otc stocks. This one appears to be dead!!
Oldrogue
All this pressure will bring in a buyer?
Oldrogue.
A Bankruptcy filing is usually public knowledge, no posting.
Oldrogue.
It is a strange statement to say he doesn’t know who is responsible, perhaps the plant is under contract to being sold? Perhaps Attis is being sold, perhaps Attis is declaring bankruptcy and is undertaking liquidation.
Jeff Cosman no longer in control of Attis?
Oldrogue.
Jeff Cosman has spoken, finally.
https://cnycentral.com/news/local/volney-plant-ceo-in-an-awkward-position-on-who-has-responsibility-for-this-plant
Attis Fulton Ethanol Plant is on the nose..
https://oswegocountytoday.com/opinion/letters-to-the-editor/frank-castillia-smells-of-fulton/
Look at these average Nebraska Rack prices. There is also or was a Federal Credit for Ethanol production. It begs to answer the question “ why hasn’t the Fulton Ethanol been purchased or restarted? “
https://neo.ne.gov/programs/stats/inf/66.html
Oldrogue
Atis purchased the Fulton New York Ethanol / Malt plant for $20
Million. It was appraised at $57 million. They later purchased a Biodiesel plant for $3.5 million?? It was valued at $10 million.
They may have a cost outlay of at least $23.5 million for the plants. The appraised value total of maybe $67 million. Total shares ( common ) 6,500,000.
$67 - $23.5 = $43.5 million / 6,500,000 = $6.69 per share max.
I’m sure there is much more cost that has to be deducted from the sale of the plants. Maybe receiving $1.00 per share ( reality ).
Oldrogue.
Thanks for the update Byron.
Oldrogue.
I contacted The Riverview land management where Attis Fulton is, suggesting that I wanted to lease land and required CO2 for my operation. Amongst other things, this was stated..."
Are you still looking for potential sites? If so, could you tell me a bit more about your project needs? - land, building, infrastructure, labor, etc.
There is a CO2 bottling company located adjacent to the ethanol business however the ethanol business has been closed for over a year as they search for a new buyer. The gas company is Messer Americas Fulton plant https://www.messer-us.com/
Austin M. Wheelock, CEcD
Deputy Director
Operation Oswego County, Inc
Again with this suspect bad news…no Bankruptcy posting. No ( For Sale ) notification. ?
Oldrogue.
So this woman worked for Attis Envicare, now works for Envicare. Can we assume they are the same entity?
https://www.linkedin.com/in/tonya-kraning-22a30225/
https://www.envicare.net/
All of the Attis businesses state they are active however they also sate
"Owes Current Year AR" for each of them. Another troubling sign.
https://ecorp.sos.ga.gov/BusinessSearch
search "attis"
John Deere and Cummins testing pure biodiesel / Ethanol engine:
https://greatamericancrop.com/news-resources/article/2021/10/29/deere-invests-in-ethanol-diesel-engine
There is still life in biodiesel technology!
Oldrogue.
In my opinion Attis has the resources to receive funding to restart. The potential environment to
make money at this time is near its best in 7 years. My recent post explains that. The only reason
to not begin the reopening is the intent to sell, they are missing an excellent time period to restart.
Yes, also a hidden issue maybe present?
Oldrogue.
I messaged a corn supplier and he mentioned that there is no indication that Attis is restarting, and there has been a fire in one of the grain bins.
I have emailed Guy Clemons about a possible restart. Hopefully he will reply.
But if you are in possession of a 100mg/yr ethanol plant that can now become profitable, why would you sell? Start her up and get moving.
Here is information on my reasoning why Attis should have a buyer.
https://www.agriculture.com/news/business/happy-days-are-herea-again-for-the-ethanol-industry
Oldrogue.
Ethanol futures have been over $2.00 for a year now. Corn prices are still quit high compared too year before, I was expecting a buyer of the Fulton and New Jersey plants? A Waiting game.
Oldrogue
You do realize that they do not have a door to knock on, right? No office, employees not paid for over a year, nothing going on.
Just when you thought it can’t get any worse off! Then this, another law suite.
Oldrogue.
Oswego County wants to sue Attis Fulton
https://oswegocountytoday.com/news/oswego-county-legislature-meets-for-final-time-this-year-approves-2022-budget/
Her firm maybe what’s keeping Attis afloat. If that’s the case their looking for a buyer?
Oldrogue.
Maggie Arvedlund
Director, Talon 1 Acquisition Corp.
Founder of Turning Rock Partners LP, Maggie Arvedlund presently occupies the position of MANAGING PARTNER at Turning Rock Partners LP which she founded. She is on the board of Summer Search, Attis Industries, Inc. and Talon 1 Acquisition Corp.
In the past Ms. Arvedlund occupied the position of Managing Director at FIG LLC.
Ms. Arvedlund received an undergraduate degree from Vanderbilt University and an MBA from The Leonard N Stern School of Business.
Right now the only good information is that a Bankruptcy Notification has not been filed! Attis has enough revenue to keep itself solvent?
Oldrogue.
The U.S. Department of Energy’s Office of Energy Efficiency and Renewable Energy has announced its intent to issue a second funding opportunity to support the scale-up of biofuel and bioproduct biorefineries.#biofuel https://t.co/5bo0Gd1BVR pic.twitter.com/C7FuMUgyVo
— Biomass Magazine (@BiomassMagazine) November 8, 2021
I would be greatly appreciative if you would go knock on their door and ask them WTF is up.
TIA.
Why did this just show up in my Ameritrade account after being listed as a series of numbers for years after the previous company went to crap? It sys I have three shares worth 1334.08 each? I am confused. Oddly enough, this new ATIS company is right down the road from me. up here in NY.
Personal opinion; do your own research, company management specifically Cosman and crew, business endeavors initiated would be in the following areas: Biofuels, Cable Companies, Cypto, Healthcare, waste business, hand sanitizer. All thats materialized is investors have lost a ton of money, Zero sustainable revenue, stock delisting...in other words complete disaster. Many questions, that should be investigated, and accountability sought,
Wow that’s a bit messy. Hopefully legally this will only affect Attis Innovations and Attis biofuels Fulton and Clayton won’t be affected. Not sure if one entity can drag down the others.
Can you provide any links to this data, I don’t understand any of it
Any of them
Accordingly, the Company filed formal notice of default on June 30, 2019, alleging several events of breach, material misrepresentation,
fraudulent inducement, and irreparable harm. The parties subsequently negotiated a settlement agreement calling for
the payment by Attis to the Company of $3,000,000 in cash, the cancellation of the Attis Debenture, and the return of
100% of all right, title and interest in, to and under the equity of FC in exchange for the Company’s agreement to
execute a release of all claims against Attis and its affiliates. However, Attis there again failed to perform as agreed
and, effective February 17, 2021, the Company issued formal notice of termination to Attis, including a demand for
payment of outstanding amounts due under the SPA and related transaction documents, and restitution of all amounts
Attis received in connection with FC and its intellectual property rights. Attis has ignored the Company’s demand and
appears to have discontinued operations. Management is evaluating the Company’s rights and remedies in connection
with all matters involving Attis, and is unable to characterize or evaluate the probability of any outcome at this time.
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