Regarding the 100 million "new" shares, keep in mind that JR was financed by Toups Technology beginning in 1998. When Stanton bought TOUP and renamed it EFTI, he continued backing the process. When JR and EFTI parted ways two years or so later, Stanton personally continued financing JR's project (at that time, GWEsys). The relationship continues.
Stanton owns the USSE site and leases it to them -- he agreed to do this pre-CYBR. He certainly continues to write all the operation checks as well. Stanton's history is that he takes shares in lieu of debt. Those shares are always restricted and are always at a deep discount to market.
I would assume the 100 million shares were issued to him but it's also possible if not probable that they went to the PR guys (whichever) or to ONYI. But the bottom line about present and future dilution at the moment is Stanton.
About the cost of the reactors, compare the estimates given here to the 150 TPD TITT plant running this process (Rivera was associated with them earlier) which is $25 million. The TITT plant is 6 times one Rivera tube and they only estimate the cost. They don't sell plants, they sell the tech and the customer hires them built. Rivera used to quote a reactor (2 tube module) for $9 million. I can't remember whether this included the Capstone turbines or not and they were a million apiece.
As to future funding and carbon fertilizer sales and other miscellaneous items, JR told me he had signed for an LOC totalling $900 million for 2007 and an additional $900 added each year for 3 more years ($3.6 billion). He also said he had a signed contract for all the fertilizer they could produce at $1.00 per pound. The biogas produced can be pipelined and has been sold to someone and, I think, he said in Chicago. The only holdup was reactor parts.
He also said that the Port Gibson reactor was being moved to Natchez out of nostalgia (as his first). Of course, now they've reassembled it (FREEUS) to use for ongoing demos's.
I'm sorry for the length of all this, but I'm so used to my posts being deleted that I seldom make them and save all those deletions by throwing everthing into one.
Note: there is a little confusion about reactor capacities. JR's original (tires) capacity was quoted at 24 TPD per CVD tube or 48 TPD per 2 tube module. This is the same as EFTI's CAVD plants. TITT's capacity is also quoted in tire chip feedstock. Using bio feedstock, JR (and EFTI) have doubled the capacity as the process is much faster. Thus JR's tubes are now 48 TPD but TITT's plants are still 150 TPD. They're now apples and oranges -- numberwise.
AI
