My understanding is that we took an equity position in the security company. This may be nothing more than buying a few thousand shares just to look like something bigger than it truly is. This is common practice in the energy sector, something very familiar to me as energy is my bailiwick. If, on the other hand, we actually own the other company, then it's news to me.
For many years I was an energy trader yet never heard of the need for chemicals with which to dissolve shingles. Nor have I heard of a problem disposing of asphalt shingles. There are places that crush shingles, add a diluent and create a slurry which then goes through a dryer on an escalator of sorts and then is converted to pellets to be used in many applications. Numerous companies currently truck huge amounts of bitumen from the Canadian oil sands which is essentially asphalt used for paving and other applications. The cost of this product plus transportation costs is remarkable low, requiring no diluent as would be necessary for pipeline transmission.
Zylene was recently disallowed by the EPA due to its being widely recognized as a leading carcinogenic diluent used in the oil and gas fields to dissolve paraffin buildup in the wellhead. A replacement product is known as Paraffix. It is not carcinogenic, is nonflammable and therefore does not require expensive insurance to guard against explosions common with explosive materials kept in storage, it is relatively inexpensive and is but one of a number of newer product alternatives to hit the market. I was a member of the team to bring Paraffix to market---helping to deliver forty 55-ga. drums to Kinder Morgan's facilities in Texas.
These new products will do a heck of a lot more than clean a tank! I'm having a hard time putting ELAS on the pedestal others seem to view as appropriate. As a shareholder here, I'll rest easier when I see that ELAS has earned EPA certification.
As for the TV group, I still don't grasp what it is we give to the other company that makes the marriage worthwhile for both parties. Some help with this would be most appreciated.
All of the above is in my opinion only.
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