Suntrough Energy continues to flourish. In May of this year, they announced a $ 50 million solar installation in Guinea Bassau. Too bad, BGMO did not fund them when they agreed otherwise they would have had a real hard asset investment on the books. They also did get the $ 4.5 million from Uncle Sam too.
As for GreenSafe, what I do know is that BGMO bankrolled the takeover of GreenSafe in January 2011. In fact, BGMO appears to have some ongoing commitments to GreenSafe in that regard. What, remains unknown and Swire is not talking. The GreenSafe website and corporate records were changed quickly thereafter.
In the summer of 2011, GreenSafe met with various government officials in Fort Erie, across the river from me, and announced a new facility on the site previously viewed by the former GreenSafe management. They had press released some $ 45 million in bank financing. The Niagara Falls press said it was Deutsch Bank. Jamal Instrum, the President of GreenSafe, refused to divulge the equity partner but from what I heard, its was assuredly BGMO. Herzog told Rahi in mid-2011 that GreenSafe was a BGMO subsidiary. The BGMO business plan issued well after the public press release also shows GreenSafe as a subsidiary of BGMO.
There is a reputable third party source which said that Jamal Instrum is opening a plant in South Carolina. The Adelmann equipment should be installed later this year.
