Reasons for concern, John beebe said,
"The company will fully own any stations once any and all debt is paid off. There is a $600k note payable on the stations at this time. To date they have not been paid off"
"I am by far the majority shareholder in PHGI, as well as having a significant amount of additional money loaned by me to the corporation."
"Also, Robert Boothe, Lamar Lindsey (or any one else in the local community as you like to publicly insinuate) will not end up with, or owning the refinery."
"The worst case scenario is we execute our option to purchase the property outright."
"Additionally, as stated, the company has not paid for the stations as of yet. The land itself was not sold in the transaction."