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Monday, November 04, 2019 4:38:27 PM
They're only good for JBI RE#1 LLC.
The transfer process hit a snag back in January, when there wasn't enough time to do the transfer before the Solid Waste permit ran out.
So, PTOI had to file for a new Solid Waste permit, before the transfer to the new operator could happen.
That permit was held up waiting on an engineer's report, according to the last email from the NYS DEC. I gathered it was an engineer that PTOI had to hire to do the work.
9 months later, and that work is still not done, and the new Solid Waste permit has not been granted, so the transfer of permits has not occurred.
So nice of Steve Price to be footing the bill for all this. Ask him if he front loaded PTOI stock.
Also ask Steve Price if he'll be installing a heated Fuel Oil #6 tank. PTOI sold theirs long ago, and the Magic Machine creates that stuff, along with Fuel Oil #2, and some sub-standard Naphtha. If you don't keep the #6 stuff hot, it turns to goo in your tanks.
Oh, also, Steve will have to pony up an extra $100K for a fuel selling license/bond/escrow.
One last thing, perhaps Steve Price can put all this new information on his web site, lest someone get the idea that this is all just some message board pump/dump scam material.
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