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Solids that come up from oil and fracking operations are sometimes radioactive because radium permeates the earth underground. Liquids are run through a big filter called a filter sock to trap the solids. North Dakota dumps use huge geiger counters to check arriving truck loads and will not accept radioactive trash. There actually is no place in North Dakota that will accept radioactive trash and so it is simply abandoned in abandoned buildings, Indian reservations, road sides etc. As the geniuses say, "Drill baby drill."
http://bismarcktribune.com/bakken/radioactive-dump-site-found-in-remote-north-dakota-town/article_39d0d08a-a948-11e3-8a3b-001a4bcf887a.html
The lack of public announcements have been saying it all loud and clear. Whether or not they are able to manage their business is immaterial to us. The fact that the Securities and Exchange Commission will not allow them to support their stock by issuing audited financial statements without an audited trail of the Carraway years makes the stock essentially worthless for what it was intended to do: allow them to finance deals hither and yon by selling hyped stock. Once again, Carraway nailed us.
Two workers treated and released the same day. A big sigh of relief.
Explosion was not beyond my fathom.
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I do not "believe" in deregulation.
Ditto.
I know absolutely nothing about slop oil remediation but isn't the point of doing it to separate crude from water? The solids aren't the main reason for doing and sulfur is removed at the refinery or in the catalytic converters? The water gets in the oil during the drilling operation and when the drilling operation is complete and the well is lined with the casing pipe, water contamination ceases? Help me out here, please.
GRNO has trouble fulfilling the SEC's requirement of auditing the company's years when it was run by an individual eventually sent to prison. As currently managed it is not a scam.
Were you ever able to contact GBH?
Sure, he was the mastermind, yeah that's it.
It is my opinion that the Carraway information has complicated the auditor's task. But GBH has had 1 1/2 years to get it done and still hasn't produced. I also suspect that the news of last August would have been the last we would have heard from this company if Luken201 hadn't come up with the TCA news. We had been able to converse about the line of credit for over a month before they came out with the last release about what we already knew, accompanied by a massive P&D. It is my opinion that GBH has had more than enough time to sort through all of Carraway's dump and get their work done. It is time for the auditor to stop making the company look the way it does and this thread so troll rich.
The subject of my bad feeling about this remains with what Carraway produced while he was involved. Knowing that what he produced was worthless or next to worthless and knowing that all the auditor has to work with is what Carraway provided for them, then my bad feeling is directed toward the SEC for forcing them to audit what Carraway produced. I know that SEC hype claims that SEC wants new companies to succeed but this arbitrary decision flies in the face of that claim. As long as Ms. Mitchell continues on this mission it means she feels that the auditor is honestly working on bringing this Carraway mess to a satisfactory conclusion. I doubt that anybody cares what happened 15 years ago, all we want is for the auditor to do what they are being paid quite well to do.
Only dates come from IR Taylor. Believe that at your own risk. 'We really are progressing as quickly as we possibly can.'
As I understand it they can't release just the filings of the years that interest us, they must file them in sequence. In my opinion they could have filed the past few years immediately because the information was available.
Why don't they release any information about audited earnings since 2009, even in informal summary? Good question but that sounds like something only an SEC bureaucrat could answer. Maybe that is a good question to ask our attorney friend. It seems to me we are discussing material information but maybe the SEC provides special dispensation to an entity the company wants to borrow money from that is required by the business. My guess is that formal SEC filings are supposed to reveal all the background "gotchas" that all companies possess whereas the lending company might not get to see all of them. They are taking a risk the SEC doesn't want us exposed to.
The O/S has increased 15% in the past 10 months so the dilution has slowed.
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Ferick you are becoming more popular whether you like it or not.
Now we know the Michel facility is the one near Wibaux. It is where they have been injecting water. Liquids used in fracking are toxic you don't want in your drinking water but the fracking done in the high plains is deeper than in the Appalachian region for gas and therefore is less controversial.
Michel is still within the Bakken but toward the south side. The further south the better with regard to climate temperature. It is 2750 feet above sea level.
Retention ponds are supposed to be thoroughly lined with clay but how is a state able to verify that a pond has been adequately lined? Therefore ponds are illegal in Montana. I don't see ponds in North Dakota either and Michel is close to the border with ND. Maybe the lack of ponds makes processing more urgent.
Google StreetView did Route 7 right past the Michel location but it is obscured by trees and you can't see anything. Route 7 is macadam but it looks to me like Black Diamond Road may be single lane gravel. The land out there looks vacant.
At first reading "greedy investor" made me angry. I also have held this 15 years. But then I remembered that if Mr. Margiotta hadn't been conned into taking the stock on in the first place it would still be worth nothing. These guys work in weather I fled when young because I hated it and so I can cut them some slack if they feel grumpy.
I am disappointed they are moving from Sidney to further out in the boonies but they must have garnered practical knowledge of where more feedstock is to be found.
Indeed, there looks like an installation just as you described. Now even I am interested in someone (ptl67?) making a site visit and providing pictures for us after "the latter part of next month".
Some random thoughts and comments.
If I wanted to remove water from a retention pond of slop oil, I would have a pipe go from the deepest part, under the berm and out to my pump.
I can't picture a pond of slop oil, or any pond that contained slop oil at some time, being green. I would expect it to be colored black.
I am looking a couple miles south of Sidney, Montana, looking for two lines of tanks at right angles to each other, 5 tanks in one line, 6 in the other. I see no such location there or anywhere around town.
McBeth is the location at 422 black and yellow road, 28 miles south of Gillette Wyoming. It is about 5,100 feet above sea level.
Since oil floats on water, does the water evaporate very fast that way? How can you tell how deep a pond is by looking straight down on it?
Yep.
The wording of the judgement is a little confusing but it says the interest generation was stopped at the date of entry of the last judgement which was April Fool's Day of 2008. Read paragraphs D and E on page 2 of the judgement.
https://viewer.zoho.com/docs/aGNDe
If it wasn't stopped, the amount Balallan is asking for would be much higher. The paragraphs give four amounts of money Carraway owed, two original judgements plus the amounts of interest each generated for a grand total of $1,809,863.60 which would be what Balallan wants from GRNO. Rkiefhaber has said he thinks GRNO has counter offered to pay about half, just his opinion. In my opinion I also agree with you all that we would like to get on with this. I would like to see finality and be rid of Balallan once and for all. I would like to see the official filings but I don't think Margiotta wants to have this Balallan suit unresolved when he officially files. So here we sit. I think it is possible that in order to put pressure on Balallan, Margiotta has generated some sort of 'poison pill' threat which includes silence, no news releases at all. I also wonder whether the writing of the S1 is another reason for the silence.
Since you asked, once again this is my opinion.
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I think they have made an offer to Balallan. Balallan wants more and says we have been waiting all these years, we can continue to wait while you, GRNO, need to settle if you want to continue executing your business plan of hyping up your stock and using it acquire more companies and expanding. Margiotta says watch out, Balallan. We just might leave you with nothing, our patience with you is finite.
Selected comments.
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High temperature predicted for Sidney today minus 8 degrees F. Low temperature predicted minus 18 F. Present temperature minus 15, wind chill feels like minus 35 according to The Weather Channel.
Carraway's process was far more complex than Margiotta's. Margiotta simply centrifuges a mixture of water and crude oil and since oil is lighter than water, the oil separates from the slop and they run it into a tank and sell it to Shell. Carraway heated lubricating oil such as old crankcase oil from a service station. When hot enough, the long lube oil molecule "cracks" and makes a shorter molecule ("diesel" or heating oil) and an even shorter molecule which is a gas and is used as a fuel to help the heating. Neat, eh? What could go wrong?
I am an individual who likes the KISS method. Keep It Simple, Stupid. Centrifuging, helped along with a dose of microwave heating to help us through the winter, is my kind of simplicity. We don't need no stinking patents, OK? Besides, I have seen a beautiful patent misjudged in court because of a lack of understanding of its true value. Courts have a way of being distracted by artful flimflam which negates patents. It is far better to understand what you are doing and do it better than the other guy.
The lack of news was discussed yesterday and perhaps it would be wise to do homework and particpate in that discussion first before suggesting that we should consider panicking because otcmarkets.com has inadequate information about the company.
If and when it skyrockets, it will be when they do the filing per SEC rules. I think the only thing stopping that now is the Balallan lawsuit. I don't know but I'll bet they are in a standoff and neither will budge. Furthermore, I think the reason we see no news is that it is part of their strategy in dealing with Balallan. They are saying, take our 'generous' offer (whatever it is). If you don't take it, we can always dump GRNO. We don't need it, we can take out our CCP equity and go into some other shell and leave you with nothing. No more news is their way of showing they are serious. They can continue to build equity in CCP and Balallan can do nothing to interfere with that. They can eventually leave Balallan with nothing more than they had back in 2006.
So it isn't just snow that can close roads for heavy trucks, it is total precipitation. Good to know. So far, precipitation has been light.
From The Weather Channel:
A significant warm-up is in store for the central and northern Great Plains on Wednesday and Thursday. How warm? Try 25-to-35 degrees above early January temperature standards.
I just get an error message.
I wasn't aware of financials being released. Please post your source.
Please note that I used the words "any feedstock deliveries". I didn't state that any feedstock was delivered, only that IF any was delivered, it could be stored in the containment ponds.
They have talked about not operating last year when the roads are closed because of heavy snowpack, not because they are Florida sissies. These guys are from Canada. They shut down Macbeth last year because the roads were impassible but they could store any feedstock deliveries in the containment ponds and when the roads opened up in July they set a production record. At the moment, crude is at 102.58 and if they are working, they should be generating good earnings. In my opinion, operating levels are determined by feedstock supply, not on whether they are able to go out and work in their own climate.
Low tonight at Sidney 11; high tomorrow 31.
Low tonight at Macbeth 10; high tomorrow 23.
But oil is working its way back up.
After New Years be prepared to see 200 share or 500 share sells as the MMs send the price back down to 2 cents unless we see some real news to inject some enthusiasm into this. We can't expect a few like Mr. Kiefhaber to support this alone and forever.
As we have seen, we can't predict timing of internal company activities such as official filing news. But what happens after that cannot be predicted either. Will it get to Monk levels? I wouldn't even predict that one way or another. There are a number of issues we have yet to learn about which we should see explained in the 10K filings. The Balallan suit, the status of the Texas and Oklahoma deals, the status of any mobile units, earnings of course, plus what about any new pending deals having to do with expansion into new territories? If such news looks very promising and not just pie in the sky, then we might eventually kiss the Monk level goodbye. If IR has a function it is to spam the buzz hither and yon. Then we also could go on other chat boards to do our part.
Just a fluctuation. I would expect it to fluctuate in the opposite direction in January.