Rubber Technology International (fka RTEK)

[KauaiPI]

razr~don't know how you came to these conclusions...

...You must have also selectively forgot that the 10Q cleary states the following.

"This negative tire inflow condition was resolved by August 31, 2001 .....

the post I excerpted from and asked you READ stated;

ouch, but at least they have the situation corrected...

This negative tire inflow condition was resolved by August 31, 2001 with the Company's execution of a multi-year contract annually providing the Company with up to 70 million pounds of tires.
--------------

anyone, ...does this mean they are contracted to PAY for up to 70 million tires OR that they are "getting paid" for up to 70 million tires over a "multi-year" contract OR they have agreed to accept but no one gets paid anything?.... anyone... your interpretation would be appreciated... this is as clear as mud, no?

TIA kp
-------- NOW *you* say they are being PAID to receive them;

And yes, they will be getting paid to take these tires. Good chance they will already be shredded too. Oh man! It just keeps getting better and better..

hmmmmm, I don't KNOW that the contract specified them getting PAID... I guess your interpretation is "possible" and indeed would be the best case HOPE (and UNTIL it is KNOWN your comments are "pumping" IMO)

as to feedstock, "you state And just in case you may have forgotten, they still get paid to take in tires. ...you failed to point out they had to BUY 6 million tires."

It clearly states in the 10Q quote you pasted, that the purchase was for 6M lbs of feedstock not 6M tires. Big difference there and you of all people here should know that. In case you have forgotten, the average automobile tire weighs 20 lbs.

I stand corrected. They didn't buy 6 million tires but 6M pounds of feedstock. Feedstock might or might not be tires but as you point out might just be *stock* with someone else's labor and equipment to reduce to "feedstock" .... I don't know where they got it from but could it have been as clean as what they claim to be able to put out themselves? How much additional effort will RTEK have to (had to) put into to make it acceptable for their processing? I don't know and neither do YOU!

Assuming a shredded tire less steel and fluff is around 11 pounds (I don't recall the actual figure but that should be close) then by buying 6M pounds of feedstock they "may have" bought the equivalent of 545,454 tires. Does that sound better to you? and are you trying to tell me that they were PAID to receive those tire equivalents? No, I didn't think so. They bought them! They may be paid to receive some tires but they also have purchased some by my way of understanding.