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Re: sanctuary post# 19791

Wednesday, 06/22/2016 5:30:46 PM

Wednesday, June 22, 2016 5:30:46 PM

Post# of 25284
The cash flow argument makes no sense and was also used to justify the purchase of the waste disposal assets which were then sold soon after at a significant loss. Think of the basic argument - "I am going to spend $500,000 but I will get $10,000 of cash flow a year until my main business works." I know there is some supposed synergy with testing the unit but you shouldn't need to buy a distressed energy E&P asset to test these units. It's silly. I would be more efficient to take the $500,000 (or whatever it is even if much less) financing that would be used to buy the extraneous asset and use it to bring the SonCav units to profitability. Why would anyone think Alex Walsh has an advantage over an actual oil company in identifying, purchasing or running a distressed oil asset? It makes NO sense.

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