InvestorsHub Logo
Followers 39
Posts 6162
Boards Moderated 0
Alias Born 04/03/2007

Re: steelyeye post# 301334

Saturday, 01/27/2018 3:27:30 PM

Saturday, January 27, 2018 3:27:30 PM

Post# of 312012
It wasn't transportation costs that sunk HMS Heddle.

It was buying pre-sorted, clean, pristine plastic to melt. Oh, and heat transfer fluid, aka, clean, pristine, oil.

When they tried to use garbage (see: Madison, RockTenn), the machine fouled and broke down, needing cleaning.

They couldn't even break even on a gross basis, never mind paying the overhead.

Money losing pump and dump. Even the founder says so.