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Sunday, August 14, 2011 1:49:33 PM
Every "cost" JBII still would have had without RKT. PLUS they would have needed funds to acquire property pay taxes on the property, maintain the property...
So the RKT deal is a no brainer which will save the company money.
The big unanswered question is can they put it all together?
Will RKT be willing to assist in financing? Maybe, if they like what they see after the first processors are installed on there site.
We do know that JBII raised nearly 5 mil from the PIPE in March. Perhaps a portion of that is set aside for the first site set up with RKT?
Personally my hopes are that JBII will do both. Set up there own sites and continue to pursue more jv's. But that's quite a ways down the road.
Right NOW I would like to see the NF facility running at full capacity. Both processors up and running and selling fuel. Basically progress on a tangible scale.
Good luck all!
C911
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