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Monday, March 28, 2011 12:54:27 PM
SRE S.C. has developed strong ties in the South Carolina business community, a long term attitude and reasonable cash to lay the ground work to start a bio-diesel plant. We intend to provide financing and work as a team to identify assets that meet the requirements of their project and work together to finance or reject those capital commitments. If a prospective asset falls short of the required specs then we will adjust the bid. If the bid is rejected then the team simply moves forward until a suitable alternative is identified. The project is being built from the ground up in an industry that itself is in its infancy. In our opinion, two years in development is typical in these circumstances. At this stage, correctly choosing a point of entry is more important than making moves for the sake of their short term influence on the stock price. There is enough time to be careful and the end game is all that matters. There still remains an inherent resistance in this country and perhaps worldwide toward the development of alternative energy markets. We are confident the tide is changing but, like most tides the change is slow. We are in for the long run and this relationship allows us to remain focused on our traditional fossil fuel interest while having a partner that is concentrating on the development of our alternative energy interest.
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