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It is different this time because it is not JT who is guiding the ship, Stanton seems to have the connections and the Stanly group is playing its role in the process i am assuming they have resources needed for this JV to work. I honestly feel JT is just the front and the rest are behind the scenes figuring out the details and taking the hard decisions.
JT is not the dealmaker here or the decision maker,Tirex needed the JV to secure financing, one of the other 2 parties in the JV will provide it, when that happens it will be announced. If any of the nagative investors is unhappy sell your shares I will buy them in an instant.
Simpro and tirex would have had to have a licsensing agreement in place in order to do that, clealy there was never one put in place and simpro has other larger and more profitable contracts in place, they still need to meet their obligations.
Threshie is not the deal maker, I have no doubts about that.
JT is not the decision maker or the the deal maker for all this he is only a participant and my feeling is he cannot sway anybody it is the others involved who will move the JV along not JT.
I agree with you 1Crowly news will be coming,only a matter of time and hope the news will bring even more business deals for Tirex which Ithink it will.
I think that JECC IS A STRONG COMPANY BASED ON previous track record in manufacruring equipment for other north american companies and they may also be a reason for the up swing in trading last week?
I do not think it is only JT who is calling the shots, the stanley group that is involved with this and has 25% share is a significant player reseach a little bit and I think you will have to agree.
Hi guys I haven't posted anything for a while but I have to agree with snowie, the finance deal will come and i beleive that the volume we saw last week was due to a possible new deal that was almost done and people close to the other party involved bought into Tirex, or their was another development in the joint venture up and above what was announced in early January(financing aside).Patience is the key here, it is easy for us to wonder why it is taking so long but remember the machine costs 7.5m there is wharehousing to be figured out, transportation to begin pick up of the tires this a matter of ironing out all the details not just how the financing will work which in itself is alot harder to figure out than buying a house(althuogh the house analogy was verygood and right on the mark).
Ler us keep in mind doing historical analys or a time sreies anaysis is pointless.this company has never gone to market, now it is poised to do this, very soon we will know to what extant and then all your patience and questions should be answered , hopefully it is positive.
The JV's in other states will happen up to a certain point. when Tirex has enough money coming in from its 25% I imagine they will go on their own in other states and countries or get involved in other ventures where they will have more control( that's down the road).But before all this they need to resolve the implementation of the agreement and the big detail is working out the financing which I assume will be part of the next news announcement. When that is done the JV will have been legitamized not just a legal document outlining the make up of the new JV.
The dream come true is probably more for Lou the inventor of the machine.
I have been in for close to 2 years.
The 7.5 million is an issue as well as facilities to recycle, the financing details are probably the next news release and the 45,000 tons of tire do not cover the the macine many times over, there is costs to collect the tires, recycle store and further process the crumb. The debt financibg should be released in a PR WHEN IT HAS BEEN FINALIZED, then the stock will soar.
There is going to have to be an announcement soon, the first press release gave us details of the JV know they are going to have to let the market know how they intend on implementing this. Be patient everyone.
The price of crumb is negotiated based on individual contracts between buyer and seller. Friends in the commodities business are forcasting that the 40 cent mark will be the set price and do not forget that the rubber(crumb) that that has been recycled needs to be ground before it can be used to make rubber products so the 20 cents I believe is before it has been ground.
Glad to hear that, keep warching and this joint venture grow even more.
you guys are not seeing the bigger picture, Altgen corp. is involved in many states bordering Tennessee, do not be surprised if there are more machines ordered and they get additional contracts from these bordering states.
the price of crumb will sell closer to $0.40/lb
the JV is verygood for tirex the shares of Tirex are worth alot more than .0024.
do not forget they can get as much as 85% of the rubber(crumb) back with this new technology, as well as some of the fiber and the metal. The selling of the recyclrd rubber will bring in a very healthy revenue and the tirex corp. will also receive revenue from the sale of the machine it is their patent.
why are you worrying about a type O, THAT IS INSIGNIFICANT