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Monday, June 14, 2010 11:07:57 AM
"this process may not even make any money"
LOL, yeah.. that makes great sense. That's why they bought a fuel-blending site, are seeking permits for NY operations, have raised funds for rollout, have signed an ADA for 45 sites in Florida, retained a top-tier auditor, visited and applied to list on the NASDAQ, and talked about it for over an hour at their AGM in front of over 400 people. All for something that won't make money.
If you want to prove your point, why don't you provide some math? What does the rent of a warehouse cost with room for fuel and plastic storage? What do 2-3 blue-collar workers cost? What about insurance? And then divide all that by 2800-5000 barrels (MINIMUM) per month, and what do you get?
$10/bbl is high. But don't take my word for it. Wait until they're operational and you will see for yourself.
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