Nymet Holdings Inc. (fka NYMH)

[quixopixs]

Alabama Going broke! Cant pay for sewer!

No Deal Reached on Alabama Debt
SEPTEMBER 12, 2008, 7:03 AM
http://dealbook.blogs.nytimes.com/2008/09/12/no-deal-reached-on-alabama-debt/
Read link for full article

Creditors, insurers and lawyers for Alabama’s Jefferson County met on a proposed restructuring of $3.2 billion of sewer debt on Wednesday but struck no bargain to avert a possible municipal bankruptcy.

The negotiators are working against a September 30 deadline to restructure the sewer debt and related interest-rate swaps. The county has ordered lawyers to prepare for a possible Chapter 9 municipal bankruptcy filing if a deal is not reached.

hmmm this is very interesting because Perihelion has had issues getting the city of Opp Alabama to fufil its obligations to put in Sewer rail and roads

Opp Still Waiting For Bio-Fuels Plant To Get Going
Posted: Sep 5, 2008 05:39 PM Sep 5, 2008 05:39 PM
Updated: Sep 5, 2008 06:37 PM Sep 5, 2008 06:37 PM
Video Gallery <1>

Multi-Million Dollar Energy Plant, Perihelion, Still Not Built
2:18
http://www.wsfa.com/Global/story.asp?S=8961711&nav=0RdE

By Bryan Henry

Mayor H.D. Edgar declined an on-camera interview but told WSFA 12 News by phone the city has more than fulfilled its obligations with Perihelion. The company disputes that claim. Beebe says Opp officials haven't put in the promised rail service, no road infrastructure and no sewage lines.

Looks to me like Alabama is going broke before Perihelion does! Whoa ha ha ha!

Looks like PRGL does have some grounds for which to sue with! Take the State to court for not building the sewer lines! Claim damages! jmho.