I spoke to RT regarding our concerns. We had a great conversation and he reaffirmed or maybe upgraded my belief in this company and Its business model and philosphy. I was better prepared this time for our conversation. I will try to convey the information in a clear and organized way.
CE removal: The accountants have filings and reports ready and has been submitted to bulletin board. It was suppose to be completed last week but bulletin board has not listed us yet as promised. He is still pursuing with this BB and pushing hard. He guaranteed me we would be on bulletin board soon. This is one of his two main priorities. He is not confortable with pinksheets and will not waste his time by setting his goals so low. He pointed to BEHL, even though they have CE removed...they still have caution signal by symbol. He also pointed out how easily stocks can be manipulated on the pink sheets. I was very pleased with his explanation and his passion on this topic.
PSC - The company paid no money or stock to 'Pennystockchaser' for the feature. They had nothing to do with promo and have not evnen had contact with PSC. More important they have been working on Evirotek website. Film crews have been at Extreme Biodiesel to get footage for video releases and the website.
Extreme Biodiesel - We still own 51% of company. We have plans to purchase other 49% in near future. we have the irst right of refusal for these shares. This is the one of his main priorities. We are in full operation. We have another shipment of cooking oil to convert to biodiesel arriving today or tomorrow. We have municipalities and Pilot gas stations buying from us to name a few. Our master plan is to develop a conglomerate which includes the manufacture of raw materials, trucking company to move the raw/finished products, addition of biodiesel facilities.
Algae Farms - Land is purchased. We do not have money to complete farms at this time. Will finish when we have the money.
OS - currently we have 74,746,534. Approx 2.5 is unrestricted; next 12 million is restricted and was used for acquisitions like: Extreme Biodiesel and Greenhott; Last approx. 60 mil is for future acquisitions. Some in works currently.
Two statements RT made during our conversation made me very happy:
'I do not have or want an entourage, I prefer to do things myself or using people we currently have.'
'We shouldn't spend money we don't have.' I of course joked 'I wish govt had same policy.'
His main focus is on uplisting to Bulletin board and maximizing production at the Extreme Biodiesel facility in the most cost effective methods.
