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Re: hweb2 post# 72

Friday, 04/28/2017 11:22:32 AM

Friday, April 28, 2017 11:22:32 AM

Post# of 164
TIS also delayed the K and conference call last quarter.

Still, the Barnwell mill isn't complete, but it is operational.

Maybe the Q will be inclusive of some good news related to that point.

Here is an interesting point from the last K:

Note 12—New Market Tax Credit

From page 32 of the K related to financing for the Barnwell, South Carolina facility.

... This transaction was designed to qualify under the federal New Market Tax Credit (“NMTC”) program, pursuant to Section 45D of the Internal Revenue Code of 1986, as amended. Through this transaction, the Company has secured low interest financing and the potential for future debt forgiveness related to the South Carolina facility.

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