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Re: A deleted message

Friday, 06/04/2010 2:45:33 AM

Friday, June 04, 2010 2:45:33 AM

Post# of 49678
Allen wanted a small batch plant, ebay style even, to drop in NH. Intent was to get it done, promote stock, sell shares, raise capital, build a real one somewhere else. He said he had 250K to work with, gave me a small deposit, splashed they'd hired us. A few weeks or a month later I had him convinced it couldn't be done, he had no tank farm, loading area, residential neighborhood with trucks hooked up by hoses in the parking lot, the electrical needed a 50k upgrade at min to put methanol in the room. He then wanted a 6MM GPY for location 2. I spent a month designing that site, requoted it for much more and he was pitching the business plan to the banks, no bites. Then site 3 was containerized with hoses to trucks. He said he had 20k a week coming from azziz and was optimistic about banks as he has really cool/viable business plans, Allen is the best at that there is. Amelot's background was holding him back imo. He ordered a genset with a gasifier turbo charge unit to run the plant on the waste glycerin as he had no power in the parking lot. Two months later when they had quit sending money were broke, cancelled that part. I had over a million invested in biodiesel processing tech and needed to get over the finish line with a completed processor. I would have a 3 million dollar machine to sell that cost about 500K to build. I had tapped my cash, state dept owed me a fortune, paying slow, his dough was buying the parts, every nickel. Azziz wouldn't agree to anything reasonable on the upgrade from a 2MM ebay system to a 6 MM GPY containerized continuous flow processor. I had told Allen I would program it to run at 2 MM GPY max until Azziz agreed on a fair price. It had a market value of 3-6 million, think my last offer was 1.8M, about what I had in to R&D. I only wanted enough cash to get it done, was willing to take a note on the balance as they'd be raising money. While they were months behind in their promised payment schedules, many versions, all missed, I resolved to buying the parts as they sent cash, updating a spreadsheet, then wait. They went broke, had to let Allen go, couldn't afford his paycheck. Then Azziz wanted his cash back while I had a year of time and 310K worth of parts to return. I offered him a 25% restock, the same price I'm charged when I send back stuff ordered and returned, which is all I'd get sending it back. I'd also be eating a year of my time worth hundreds of thousands. I even offered to go to binding arbitration as I knew I was being wicked fair. He'd call me drunk after hours on my cell and call me names in drunken rants. I quit taking his calls. Meanwhile Allen is trying to get a new deal financed and buy out the processor from Azziz which always seemed to be happening "next week". Months went by and without warning a lawsuit PR hits the streets before the summons hits my desk. Azziz fired up the printing presses diluting the death out of it as he ran the lawsuit PR all over the world. I had a 20 year stellar reputation without a flaw anywhere, tons of success. Today I googled my company name and at the top of Google it still says Amelot persuing legal action against us which is what many customers probably do. I had my uncle pull me aside at the family reunion to complain our name was being muddied even. This 5 foot nothing drunken little bastard has never done anything in his life other than suck money from others. I worked my ass off for twenty years, built 1000's of first class systems. I was an idiot for helping Allen. I just wanted to get the machine done. I knew I had the competitors cooked and would see a long line of orders if I could get it running. I never trusted Azziz for a second, ever. I did trust Allen and regret it.