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Re: DragonBear post# 23077

Tuesday, 05/27/2014 1:22:46 PM

Tuesday, May 27, 2014 1:22:46 PM

Post# of 40789
Where are you getting this from?



What you seem not to understand is the appraisal was being told by EcoDomaine to come up with an appraised value, based on their future enhancements or refurbishments to the refinery.



The appraisal DEDUCTED the costs for capital expenditures from the valuation. So no, that's simply not true.


Instead the disclosure from the realtor states as fact EcoDomaine voluntarily revised their application for a permit from the State of Utah, to exclude the refurbishments which would have allowed production of consumer fuels.



Wrong again... The reason why the plant 'is not capable' of refining is because the refinery 'RENDERED THE EQUIPMENT' inoperative. NOT that the equipment doesn't work or is non-existent. INFACT, this appraisal deducted necessary capital expenditures needed to continue operation from the valuation.

SECONDLY, that permit you continue to reference deals with pollution (and therefore taxes and fees). Since the last company wanted to refine certain pieces of oil, they needed to revise their state permit to reduce expense.