Has anyone heard of this project, The Green Rubber Project and/or Green Rubber PTY in Australia:

http://www.greenindustryplatform.org/wp-content/uploads/2013/07/Green-Rubber-Project-Outline_Turning-Waste-into-a-Valuable-Resource_June-2014.pdf

http://www.greenindustryplatform.org/wp-content/uploads/2013/07/Green-Rubber-Opportunity_Proposal-to-Mining-Companies_Version-General_101014.pdf

Here is an quote from Africa Zanella's bio. She is obviously talking about the Tirex System:
http://www.greenindustryplatform.org/?p=2602

"I was appointed Australian Representative of the Region of Piedmont, Italy, as government advisor to companies which wanted to export or invest in joint ventures and start-ups. When I travelled on missions to Italy I developed a specific interest in the transfer of technologies, environmental innovation and manufacturing capabilities, which the Torino environmental and industrial park was developing.

I was introduced to SIMPRO SpA of Turin, Italy, and subsequently became its Australian Agent for waste tyre recycling equipment. I needed a partner with an engineering background and succeeded in attracting Phillip Isaacs to join me in a new business to be called AZPI. This was the birth of our private venture recycling tyres out of landfills and manufacturing rubber. Through our work, we create jobs and local green products. We also work with local communities and legislators at the federal level. I subsequently also worked on the Australian Waste Policy, providing recommendations for a more sustainable development of this industry and greener options of disposal.

It was a journey which was wrought with impediments and required both capital and technical expertise in government waste and recycling policies. My partner and I worked hard to learn about our new engineering project and cooperated with partners from transport and logistics to conduct a feasibility study for the project to go ahead.

A request came from the mining industry to solve its critical problem of dealing with its waste off the road tyres – approximately $1.2 billion worth of new tyres are buried every year in landfills. My making a successful presentation to the July 2007 Off the Road Waste Tyre Conference lead to my engagement as a consultant to National Power where I undertook a detailed study of access to the waste tyre resources, recovery logistics, recycling plants and downstream products manufacturing from the existing major mining companies. I created the Green Rubber brand and economic model for the sustainable disposal of mining tyres in remote locations. This way, I could ensure that an industry was born out of the Off the Road waste that was profitable and green and had a positive social impact by providing new jobs to locals and training for the innovative recycling plants. The Green Rubber Project is therefore promoted towards the mining companies as a basis for obtaining both environmental and financial benefits.

I was drawing attention of the mining companies and the Minerals Council of Australia to the benefits accruing from annual reporting under the Global Reporting Initiative. I then joined the executive team of the Waste Management Association of Australia and contributed to its absent strategies for waste tyres. Today, I continue to promote the importance of sustainability measures in mining companies.

While building working relationships with the key mining companies for their support of the Green Rubber Project, I noted the important role of women as leaders in the mining companies and in global environmental management strategies. In 2007, I was elected to the NSW Premiers Council for Women by the then Premier, the Honourable Bob Carr, where I was able to see that more women were appointed to government boards and the voice of diversity was being heard, as part of governance. This role was part time and allowed me to continue to explore opportunities in the private sector aligned with waste and innovation.

Has it been a worthwhile experience over the last 8 years? Yes, because the Green Rubber project and model for sustainable disposal has been acknowledged and the learning process has been completed, ready for a final burst of energy to achieve success in its implementation globally. We have found the formula and systems as well as the economic model to turn waste from tyres into a resource. We want to continue to advocate its usage in many industries, replacing wood and creating jobs as well as finding a sustainable and reportable disposal in a sustainable manner by stopping tyres from being buried into landfills anywhere.

New products are being fed in conjunction with the an Australian University which will see the substitution of railway sleepers, mining posts from recycled rubber and plastics and the story continues , overseeing that sustainable manufacturing , sustainable commercially viable products and gender parity are all considered in the process.

It mentions the TC2 system and that is Tirex.

Has anyone looked at GRSI recently? Some pages are not active but the press release page is and "about us". I don't know when this was written but is Tirex really out of this deal?

http://citricmindhosting.com/grsi/press-releases/Executive-Summary-for-GRSI.pdf

Executive Summary
Green Recycling Solutions International, LLC One Bridge Plaza North, Fort Lee, New Jersey 07024 201-849-45960`1
www.grsillc.com
Green Recycling Solutions International, LLC is bringing a completely unique, never-done-before, job creation and revitalization business model to Schoharie County, New York. GRSI has an exclusive global licensing agreement to develop an environmentally safe tire recycling solution, however, instead of simply depending on the growth of that technology to spur job creation, GRSI has also formed a collaboration with 4 other technology and agricultural start-up companies which collectively anticipate over 500 hundred NEW jobs within 3-5 years. By bringing multiple technologies to Schoharie County, the anticipation for success is increased dramatically.
GRSI, LLC's Licensing Agreement:
Over 3 BILLION tires are disposed of, on a global basis, and currently there is no recycling solution that is 100% environmentally friendly. Until now. GRSI, LLC has signed a 15 year worldwide licensing agreement to develop and build a TC2 machine that semi-cyrogenically freezes tires without using harmful and expensive Liquid Nitrogen. The machine uses compressed air to freeze the tires, while also extracting re-usable steel wire and fiber. This process produces a crumb rubber of the finest grade, which can be used for road surfaces, household consumables, and virtually limitless applications. Crumb rubber is also a tradeable commodity on the market. We anticipate that we'll create 25 new jobs within3 years.
GRSI, LLC'S Unique Revitalization and Job Creation Partnership:
Schoharie County's current unemployment rate, as of April, 2014 is 9.8% (conservatively) Creating over 500 new jobs will have an enormous impact for Schoharie County and SUNY Cobleskill.
GRSI has secured a 460,000 square foot industrial property in Cobleskill, NY, known as Guilford Mills. We've been able to obtain the property with the help of SUNY Cobleskill, with whom we've developed a mutually supportive alliance. Our project has also been met with enthusiastic support from Schoharie County Board Members, who are anxious to boost employment. When the original Guilford Mills

I did find this from the last, official annual report:

"Our earlier activities focused primarily on the design and development of the original TCS Prototype, and, subsequently, on the completion of the design of a second generation version of this technology. In connection with these activities, we have been dependent upon arrangements with subcontractors for the manufacture and assembly of the principal components incorporated into a TCS System Plant. Pursuant to our signing of the exclusive manufacturing license agreement with Simpro, S.p.A., headquartered in Turin, Italy, as licensee (“Simpro”), all manufacturing activities of our company were then to be undertaken though Simpro. Under the exclusive arrangement, Simpro had the right of first refusal to any customer contract. Simpro and Tirex are currently reviewing the documentation for a contract renewal. In the event that Simpro refuses a contract offer or is unwilling to participate to the satisfaction of Tirex, Tirex has the option to seek alternate sources in the manufacture and installation of customer systems.

Simpro is a designer and manufacturer of high-technology production systems, primarily for the automobile industry, and is active internationally. Simpro has its ISO 9001, ISO 14001 and EMAS certifications. Simpro’s ability to offer us insurance-backed contract performance guarantees and to guarantee a minimum tire weight throughput on fabricated TCS systems, installed and commissioned as a turn key TCS Facility, were instrumental to our choosing Simpro as our manufacturing partner."



http://www.sec.gov/Archives/edgar/data/823072/000120445911000553/form10k.htm

I have looked for the previous agreement with Simpro but I can't locate it on Edgar or the Tirex website since I am curious as to what is different. Here is a quote from a 2008 Tirex press release:

"According to information, in 2002 Tirex awarded Simpro S.p.A., 'an internationally certified high tech manufacturer and supplier, with a license agreement to exclusively manufacture the TCS technology and nonexclusive marketing rights'".

This reinforces my recollection that both parties could market anyway, but Simpro had to fabricate the machine. However, it seems North America had a different set of terms. The failed 2009 Malaysia memorandum was a Simpro deal that was part of a trade mission with the Italian government to Malaysia. Whereas JECC was to be the manufactuere in the failed Tennesee deal two years ago. In the failed (do we have a pattern here?) GRSI deal, Simpro was to manufature the first machine but not necessarily any other machines.

My question is if as stated in the agreement, GRSI was to put $10,000 in escrow with who I think was their attorney, and TIREX was to simultaneously deposit the stock shares with their attorney, why did the audit begin when Tirex failed to deposit the shares within the stated period of time which I think was something like 10 days?

Also, the accountant as of 11/22 had only been paid $10,000. There was over $15,000 due from GRSI on that portion of the bill. So something like $64,000 has not been paid by GRSI. What is clear is that the audit was most probably going to take more time and money than initially estimated.

That agreement has so many clauses which seem contradictory. At one point, whoever breaks the agreement has to pay $25,000 to the other party. At another point, it reads it would be difficult to determine who broke the agreement. At yet another point, if the money and shares weren't deposited within the stated period, the contract terminated.

It's hard to tell who did what when we have so little documentation. Also, if it was Tirex who broke the agreement, maybe they had a good reason.

Sorry, correct link.

http://www.sec.gov/Archives/edgar/data/823072/000117152013000309/ex10-1.htm

It's on Edgar

http://www.sec.gov/Archives/edgar/data/823072/000117152013000309/eps5144.htm

TIREX RENEWS ITS LICENSE AGREEMENT WITH SIMPRO S.p.A.


December 11, 2013 – The Tirex Corporation (OTCPK: TXMC) – owner of a U.S. patented tire recycling (TCS) technology – entered into a renewed license agreement with Simpro S.p.A. of Brandizzo, Italy, to exclusively manufacture TCS systems and nonexclusive marketing rights to sell TCS systems worldwide.

“This is a restated agreement replacing an agreement originally signed in December 2002 with Simpro that adds versatility and protection of our technology to secure our future with a worldwide reputable company of Simpro’s stature while we both are negotiating current TCS sales opportunities,” according to Tirex President, John L. Threshie Jr. “Simpro and Tirex, both collectively and separately, have been marketing and planning to manufacture, sell and own/operate TCS facilities in any and all suitable markets worldwide,” Threshie added.

Tirex management believes that, given the proprietary nature of the TCS technology, which technology is acknowledged in the Simpro agreement, the Simpro agreement provides for compensation arrangements in the form of commissions or royalties to Tirex with respect to future TCS facility installations.

“Tirex’s previously announced hiring of Turner, Stone & Co. LLP to audit Tirex and return us to current-reporting status has progressed well; however, budget considerations have delayed our filings with the SEC. The focus remains for Tirex to return to current reporting status with the SEC as soon as possible,” Threshie added.

Tirex filed an 8-K with the SEC on November 25, 2013 stating that the contract Tirex entered into with Green Recycling Solutions International in April 2013 is null and void.

ABOUT SIMPRO

Simpro is based in Brandizzo, Italy with operations throughout the world. It specializes in the design, manufacturing and installation of production equipment and systems as well as the installation of turnkey facilities, primarily in the automotive and railroad industries. Simpro has its ISO 9001 (quality management), ISO 14001 (environmental management) and EMAS (Environmental Management and Audit System) accreditations. For more information go to: www.simpro.it/home.php?argid=49&pagid=18&lang=en.

It has occurred to me from the beginning of the this agreement in April that Tirex was vulnerable. I was never comfortable with it but Tirex was probably desperate. The contract was written to give GRSI all the spoils if Tirex so much as blinked. Given their past failed ventures, Tirex opened themselves up for this because they promised compliance in return for money. Tirex had to know they may not be able to deliver. The auditor clearly states they were led to believe there were minimal transactions to audit for 2010, 2011, 2012 and 2013. However, that was not the case. These mystery transcations and liabilities are what is at issue really. Tirex's last, PCAOB was for 2009. GRSI looked like it was ready to pounce from the onset.

There are plenty of ways this could end that would be beneficial to shareholders. There are also plenty of ways it could end in which shareholders are the ultimate losers. We've never had a vote on the Tirex board despite some of us holding millions of worthless shares. Although John does hold the most. I've never liked any company that dismissed their constituents and let their cronies on the board make all the decisions.

As John would say "Stay tuned." I might add, don't hold your breath or you might suffocate.

In the Exclusive License Agreement with GRSI, section 7.4, you can see the conditions under which GRSI would obtain the patent:


7.4 In the event of any creditor(s) actions, as described below (whether voluntary or involuntary), all rights to the Licensed Patent and to the TCS System, shall thereupon vest in the Licensee and any and all rights of Licensor shall immediately cease, leaving the Licensor with no further rights whatsoever, all such rights becoming vested in Licensee:

a) Licensor becomes insolvent, declares bankruptcy, or fails to make any payment required by this Agreement within ninety (90) days of its due date; or

b) Licensor dissolves or attempts to dissolve either voluntarily or involuntarily; or

c) Licensor is unable to meet its current obligations, and remains unable to do so, for a period of ninety (90) days thereafter; or

d) state or federal regulatory actions (such as by the SEC) or· any other action by a third party that has jeopardized or shall jeopardize the value of the patent.

I've only glanced at the documents but GRSI is "foreclosing" on Tirex. They are claiming Tirex is not handing over documents to complete the audit and has not issued their shares of stock (sound familiar as does the date 11/22). The auditors are owned money, about 15,000 due on 11/22. The auditor has a list of outstanding information they need to complete the audit. That list is missing from the GRSI posting. They want the info by Dec. 13th so they can finish the audit by Jan. 24th.

I thought that before an audit could begin, Tirex had to issue shares to GRSI and GRSI had to put 10,000 in escrow with a third party which was GRSI's attorney. So why did the audit even proceed if Tirex didn't issue the shares?

In GRSI's filing with Delaware Dept. of State, they "shall hold an equity position" and are listing the patent as Tirex's collateral. This sounds like a hostile take-over.

I just went to the website and I did not seeing the September update.

September update on Tirex Website

Tirex Update - September

The past several months has been a constructive learning curve in our relationship with our partner, Green Recycling Solutions International (GRSI). To optimize that relationship and ultimately maximize our position in the market we are negotiating a more beneficial agreement for both party's. Yes, with the ultimate goal of commercializing the TCS technology.

This new and improved agreement must be in place in order to complete the audit. As reported before, the audit has progressed very well to this point, however, the legal and debt issues being expunged from our books are tied in hand in hand with the new agreement. All good !

Stay with us...

John L. Threshie Jr.

President/CEO

There was never any deposit for that mill. The general thought was that Simpro was investing in a prototype so they would have a workable version to show customers. So the only people that can confirm that are Simpro and Tirex and the assumption that Tirex didn't lie in it's SEC filings.

The two things do go hand-in-hand. Tirex is a public, micro-penny stock company that was once on the NASDAQ, sunk to Pink Sheets then to the Gray Sheets. They even lost their market makers. Tirex went to great effort to get back on the pinks with up-to-date filings before the Malaysia deal. Their PCAOB accountant was then barred and they were ordered by the SEC to redo all financials. That cost $100,000+ dollars. Plus they have an unproven system. If you were GRSI and going to invest millions in this machine and company, wouldn't you want part of the company? Wouldn't you want to know they were legitimate and in compliance with their duty as a public company to the government and their shareholders? Wouldn't you want the 288,936,342 shares you were given from Tirex would be worth something and you wouldn't loose your investment on a phantom company?

Net-Man,

Form 10K, filed on 3/1/2011 on page F8 reads as follows:

"Simpro’s management also reported in 2009 that the patented ‘fracturing mill’ parts of the TCS technology is 75% complete but remains on hold in the Brazilian factory until further developments. Simpro and Tirex also pursued opportunities in Brazil where the production of crumb rubber would be linked to products for the railroad and synthetic turf industries. Management has since learned that the use of ambient crumb, as opposed to Tirex’s semi-cryogenic crumb, was chosen for the synthetic fields because it was less expensive."

Tirex isn't too liquid right now. Almost 4 millon at .0011 on bid and just MM shares on the ask.

I was wondering if the fracturing mill that Simpro had 70% complete around the time of the ill-fated Malaysian deal was a factor in using Simpro as the manufacturer of the first machine. If that mill was used, it should cut down the time of manufacturing the first unit by a few months.

From the Tirex Website. It just restates the 8K,

WESTPORT, Conn., June 26, 2013 -- The Tirex Corporation ( OTC Pink Sheets ‘TXMC’) filed an 8-K "current report filing" form with the Securities and Exchange Commission noting the change in its outside auditing firm from M&K CPAS, PLLC to Turner, Stone & Co. LLC of Dallas, TX.

"Our last audited period was through fiscal year 2009, and we look forward to working closely with Turner, Stone & Co. to help bring us current under SEC requirements for the audit of fiscal year ended June 30, 2010 through 2013,” stated Tirex President, John L. Threshie Jr.

The filing points out that "there have been no disagreements between The Tirex Corporation and M&K on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreement, if not resolved to the satisfaction of M&K, would have caused it to make a reference to the subject matter of disagreement in connection with its reports."

The article on the Tirex website, left a few paragraphs off of the article in RubberNews.com. Here is the rest:

"The firm is negotiating with a few markets, but Acuff anticipates the first site will be somewhere on the East Coast. GRSI also has multiple Caribbean targets in mind.

“The disposal of used tires is a big problem throughout the Caribbean and Latin America,” said GRSI CEO Julio Llaguno, who lives in the Dominican Republic. “I want to bring this technology to the Dominican Republic, throughout the Caribbean and as much of Latin America as possible. I think this technology is a great solution to the problem.”
No waste from process
The TCS process freezes scrap tire pieces with cold air instead of liquid nitrogen, then breaks the rubber into a crumb rubber using a patented fracturing mill. The process also separates marketable strands of steel and fiber from the crumb rubber. Tirex claims its technology costs about two-thirds less than using liquid nitrogen and produces no waste because it uses no chemicals.

“Our crumb rubber produces a cleaner, free of steel or fiber, with a unique morphology,” Threshie said. “It creates a type of crumb rubber that is unique for athletic fields. The cryogenic crumb rubber lets the rain drain through the field because it doesn't hold it or make puddles. It also adds a cushion to the field for more buoyancy, less injuries and easier on the knees and ankles.”

The executive said Tirex wants to exploit the cryogenic segment of the market, as well as some of the ambient part of the market “where they will trade up to use cryogenic crumb rubber because now they will be able to afford it. If they use our process, it's more economically viable and even environmentally friendly than the competition.”

Tirex generates revenue from commission on sales, license agreement in each market and commission on manufacturing. The exact share of the royalties from the license agreement with GRSI has yet to be sorted out.

“Ultimately we'd like to share in the partnership and joint venture with manufacturing recycled rubber products,” Threshie said. “That's really where the high margins are downstream.”

Tirex has been trying to get its technology to the market for some time and even had a partnership with Wyoming Corporate Headquarters in January 2012, to build a facility in Tennessee.

According to Threshie, Wyoming never came through with the financing."

The article on the Tirex website, left a few paragraphs off of the article in RubberNews.com. Here is the rest:

"The firm is negotiating with a few markets, but Acuff anticipates the first site will be somewhere on the East Coast. GRSI also has multiple Caribbean targets in mind.

“The disposal of used tires is a big problem throughout the Caribbean and Latin America,” said GRSI CEO Julio Llaguno, who lives in the Dominican Republic. “I want to bring this technology to the Dominican Republic, throughout the Caribbean and as much of Latin America as possible. I think this technology is a great solution to the problem.”
No waste from process
The TCS process freezes scrap tire pieces with cold air instead of liquid nitrogen, then breaks the rubber into a crumb rubber using a patented fracturing mill. The process also separates marketable strands of steel and fiber from the crumb rubber. Tirex claims its technology costs about two-thirds less than using liquid nitrogen and produces no waste because it uses no chemicals.

“Our crumb rubber produces a cleaner, free of steel or fiber, with a unique morphology,” Threshie said. “It creates a type of crumb rubber that is unique for athletic fields. The cryogenic crumb rubber lets the rain drain through the field because it doesn't hold it or make puddles. It also adds a cushion to the field for more buoyancy, less injuries and easier on the knees and ankles.”

The executive said Tirex wants to exploit the cryogenic segment of the market, as well as some of the ambient part of the market “where they will trade up to use cryogenic crumb rubber because now they will be able to afford it. If they use our process, it's more economically viable and even environmentally friendly than the competition.”

Tirex generates revenue from commission on sales, license agreement in each market and commission on manufacturing. The exact share of the royalties from the license agreement with GRSI has yet to be sorted out.

“Ultimately we'd like to share in the partnership and joint venture with manufacturing recycled rubber products,” Threshie said. “That's really where the high margins are downstream.”

Tirex has been trying to get its technology to the market for some time and even had a partnership with Wyoming Corporate Headquarters in January 2012, to build a facility in Tennessee.

According to Threshie, Wyoming never came through with the financing."

Barbara Acuff has a couple of profiles on Linkedin. Not that everything everyone writes on their resume is to be believed, but her most recent profile has an interesting entry:

http://www.linkedin.com/pub/barbara-acuff/a/45/73b

Barbara Acuff's Experience
Managing Member Managing Member Acuff and Associates Commercial Lending
March 1995 – Present (18 years 4 months)

Successfully finding alternative commercial loan solutions for over 17 years!
Loans 1mm+ Global
Recently funded 3.5mm Industrial Start Up Loan for a cryogenic recycling company. ( November 2010 )

International Lending Resources for Business L.O.C.'s and equity based loans

It was published in Rubber Plastics News/RubbersNews.com on June 3. I think you have to subscribe to get the full article.

http://www.rubbernews.com/apps/pbcs.dll/search?StartDate=19940101&EndDate=20130607&BuildNavigators=1&ExcludeCategories=STATIC&SearchCategory=%25&noblankcheck=0&q=Tirex

Green Recycling enters agreement to market Tirex recycling technology

NORWALK, Conn.—Green Recycling Solutions International soon will market, sell, own and operate the Tirex Cryo System, Tirex Corp.'s pat-ented tire recycling technology.

The companies entered a license agreement in April that gives GRSI the right to set up facilities in North and South America, the Caribbean and Africa in addition to the right of first refusal to any territory not outlined in the pact.

Tirex's TC1 machine recycles about 270 tires an hour and roughly 2 million a year.

“We hope to make a significant impact on a massive problem,” said Barbara Acuff, GRSI chief financial officer. “If one machine can solve the problem for 2 million tires, imagine what we can do globally with it.”

The next step for Tirex, however, is to get its reporting status current with the U.S. Securities and Exchange Commission. As part of the agreement, GRSI will assume financial obligations for this undertaking and was compensated with approximately 288 million common shares in Tirex's stock.

“It's obviously a necessary first step before we can take the business to the next level,” Tirex President John Threshie said. ”We anticipate in the days to come to announce a new auditor and a deposit that will go to that auditor to begin the final stage of our audit to get current.”

Neither side expects Tirex's standing with the SEC to be an issue. GRSI already has engaged auditors and started compiling returns for Tirex. Acuff anticipates the process will be completed in about six weeks.

“At this point, it's just a matter of formality,” Acuff said. “They haven't filed their reports since 2009. All they need to do is catch up on that, and they're back in good standing again. The bigger deal was it obviously required some significant funds. We're providing those funds and we've engaged the auditors and we're financially responsible for any obligations regarding that.”

Targeting the East Coast

Tirex and GRSI have targets in mind for a first facility but declined to name an exact location. The first TC1 system will be built by Simpro, an Italian company that built the prototype. It will take about 11 months to complete.

GRSI plans to start manufacturing as soon as the compliance situation is complete.

The firm is negotiating with a few markets, but Acuff anticipates the first site will be somewhere on the East Coast. GRSI also has multiple Caribbean targets in mind.

SEC Filings

Here is a little more detail on the deal:


http://www.sec.gov/Archives/edgar/data/823072/000117152013000309/eps5144.htm


http://www.sec.gov/Archives/edgar/data/823072/000117152013000309/ex10-1.htm

The only email I got was the same one other's got sometime in the spring. I usually don't get anything or ask John questions.

They have downlisted to grey sheets before so I am sure John knows the rules.

I missed it. What did the hacked site look like?

This is probably inconsequential, but at least Hardman County is going to be recycling some tires.

http://www.themountainsentinel.com/10.htm$2.8 Million in Waste

June 26, 2012

Tire Recycling Grants Awarded

Grants Support Diversion of Waste Tires from Landfills

Tennessee Gov. Bill Haslam and Environment and Conservation Commissioner Bob Martineau last week announced 41 grants to help Tennessee communities recycle tires and keep them out of landfills.

The waste tire recycling grants total more than $2.8 million in fiscal year 2013-14, and the grants are supported from the Solid Waste Management Fund, which receives revenue from a pre-disposal fee on the purchase of new tires.

Tennessee recycles an estimated 55,000 tons of tires per year, diverting waste tires from landfills and sending them to beneficial end-use facilities. Beneficial end-use methods include utilizing tire-derived aggregate in civil engineering projects, crumb rubber for asphalt paving and molded rubber products. The majority of Tennessee’s waste tires are used as tire-derived fuel.

“Working with our local county partners is vital to the success of this program,” Haslam said. “The Solid Waste Management Fund continues to provide support to Tennessee’s communities, assisting in the diversion of waste tires from landfills for the benefit of the environment.”

The General Assembly authorized waste tire grants in the Solid Waste Management Act of 1991. The grants assist counties with the processing and transportation of tires to beneficial end-use facilities. Counties are reimbursed $1 per eligible tire and are required to provide at least one waste tire collection site. Counties may charge an additional fee if the grant is not adequate to cover costs.

The fund is administered by the Department of Environment and Conservation, and $1.25 from the $1.35 pre-disposal fee collected is used to supplement the counties’ costs for waste tire recycling and services.

Tire-derived fuel, or TDF, conserves fossil fuels and provides a waste-to-energy disposal method. According to a study by the U.S. Environmental Protection Agency, TDF used in a well-designed and maintained boiler emits fewer pollutants than conventional fossil fuels. In Tennessee, Abitibi Bowater Company, Packaging Corporation of America, Cemex Cement, Buzzi Unicem USA and Gerdau Ameristeel are among those generating energy and processing waste tires by utilizing processed waste tires for fuel or as a source of carbon in their manufacturing process.

“Tennessee’s tire recycling program provides an environmentally sound disposal method, and it’s important that communities continue to focus on waste reduction as part of their overall waste management plan,” added Martineau.

Purchasing longer life tires, rotating and balancing tires every 6,000 miles, and checking air pressure monthly are excellent ways to reduce the number of scrap tires generated in Tennessee and will also save money. For more information on Tennessee’s Waste Tire Program, please visit www.tn.gov/environment/swm/tires. A complete list of the grant awards for announced today follows.

County
Grant Amount

Cannon
$5,800

Claiborne
$24,200

Clay
$1,700

Cocke
$47,800

Coffee
$83,000

Crockett
$13,000

Decatur
$10,400

Dickson
$101,000

Greene
$102,712

Hamblen
$116,800

Hancock
$4,200

Hardeman
$24,400

Hardin Co
$35,190

Hawkins
$39,800

Haywood
$23,800

Henderson
$42,800

Henry
$67,200

Jackson
$8,000

Lauderdale
$24,000

Lawrence
$80,400

Lewis
$12,000

Lincoln
$50,200

Macon Co
$41,000

Marion
$48,000

Marshall
$39,200

Maury Co
$115,000

McNairy
$19,000

Monroe
$42,400

Montgomery (Stewart/Houston)
$296,632

Morgan
$8,800

Roane
$75,600

Rutherford
$466,000

Scott
$10,800

Sequatchie
$20,400

Sevier (Solid Waste, Inc.)
$126,600

Smith
$16,000

Sumner (Resource Authority)
$146,000

Tipton
$60,000

Washington Hub – Carter, Johnson, Sullivan, Union
$300,000

Wayne
$11,000

Weakley
$39,800

All I can say is I can wait six months for the next release. The PR really didn't have that devasting an effect. Tirex has been yo-yoing between these levels for few weeks.

The highest current ask is 110,000 at .0022. Next is about 7,000,000 at .0023.

Can't take your eyes off of Level II for a second. A sudden price spirt.

It's the usual noon-time buying spree.

I own genuine reporting companies whose quarter ends on June 30 and they don't usually report until the end of July. July 15th, especially when you are dealing with Threshie time might be a bit too soon to expect anything.

Some volume is coming in or going out. THere is an almost 14,000,000 share ask at .0023

More weirdness this morning.

It's hard to tell if anything is going on behind the scenes.

I was looking at the trading pattern from Jan. 3-5. 12-30-11, Tirex closed at .0005. From 1/3 until the day before the press release on Jan. 6, the closing price rose steadily to .0016 on Jan. 5. Volume also rose substantially to almost 31,000,000 on Jan. 3, tapering off on the 4th and rising on the 5 to about 15,000,000.

It's hard to tell, especially without huge volume accompanying the price rise if someone, somewhere thinks something is ready to pop. Trading had been up to a few 5,000,000-6,000,000 days this week which is an improvement over the week before.

We did get past the 5000 post and things did turn. Let's hope things keep turning up.

There is the continuating of an odd trading pattern this morning.

Yahoo is telling me that txmc.pk is no longer a valid symbol. It says the new symbol is txmc. Hum.

And, 6,000,000 shares went at .0011 and the 10,000,000 bid is still sitting at .0010. It's a bit more activity.