'Walker6'
You are in a good place, to find out answers, to many of the questions, that the shareholders of NSOL have.
You know at least one guy involved and if he wanted financing, he could have had it finalized it by now.
Following is some questions. Please post the answers on this board. If this guy could have obtained financing in two months he will know all the answers.
Question 1. How much money does it take to build a CTL plant?
A CTL plant will probably be built in pods or sections that will work individually. Question 2. What is the estimated cost to build the first pod or section. Question 3. How much diesel will it produce per ton of coal used. Question 4. How much diesel will it produce in one day? Question 5. In order for the plant to be profitable, in the beginning, how much subsidey or money form the Federal Government will be required to keep the plant operational. Question 6. How much money will the plant make after the subsidies end or how much profit will the plant make?
Would like to make a comment on ----They could up and claim bankruptcy on this NSOL company and take all the profits with FFI.
First, FFI is wholly owned by NSOL. Meaning, the shareholders of NSOL owned 100% of the stock of FFI before the land deal with Schrader. This may be the answer to, Question 7. Was that a legal deal, as determined by law of the majority rule? Meaning a few shareholers that own more than 50% of the shares of NSOL stock, were legally able to sell 20% of FFI stock. Yes, provided that the 50% owners of NSOL shares gave Schrader 20% of their NSOL shares or a ratio number of shares of the NSOL 50% to make the deal legal. Thus, the over 50% majority would now include Schrader.
Therefore, the shareholders of NSOL, still owns 100% of FFI, Meaning a bankpuptcy filed on NSOL would include FFI. Won't happen.
My opinion.