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smallotcinvestor

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smallotcinvestor

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Friday, 02/20/2015 3:05:29 AM

Friday, February 20, 2015 3:05:29 AM

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I applaud the management change. Reading the Form 4s that came out today makes me a little more encouraged because some of the restricted stock awarded to Ide has a deadline for getting GlyEco EBITDA-positive by August 1, 2015. That being said, we were told back in 2013 that they would be profitable and it hasn't happened yet. From the bio, Ide seems to have quite a bit of experience in acquisitions which leads me to believe that the company will still be pursuing that in the future. Whereas Lorenz seemed to be so concerned about acquisitions, losing sight of the profits, I have a feeling that Ide will be focusing on the profits, especially due to the contingency placed on those restricted shares. We shall see.
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