InvestorsHub Logo

Mightymite45

04/21/21 10:21 AM

#51806 RE: wallstreet1231 #51804

As always it’s only your opinion.

GLTY!

drugmanrx

04/21/21 10:42 AM

#51810 RE: wallstreet1231 #51804

What Nick is saying profitable today because of the type of waste more profitable in the future when the equipment is no longer specialty equipment.

Too expensive for normal waste

"If we just doing regular municipal waste it wouldn’t be cost-effective for us to operate that facility"

Profitable for medical waste.

"]but because of the type of tipping fees that we’re charging based on the products that we’re taking, which is medical waste, it’s at a higher level so it offsets the cost."

And in the future when the there are many more Medrecylers and the equipment will no long be specially made it will become even more profitable.

"after there’s more production and more being built of this type of product hopefully it will reduce the cost of this type of equipment"



“It’s a very expensive technology to use, but because of the type of tipping fees that we’re charging based on the products that we’re taking, which is medical waste, it’s at a higher level so it offsets the cost. If we just doing regular municipal waste it wouldn’t be cost-effective for us to operate that facility with that. … This is very expensive technology, very expensive equipment. Hopefully, after there’s more production and more being built of this type of product hopefully it will reduce the cost of this type of equipment.”