What makes you think I don't know?
You wrote,I stand corrected. They didn't buy 6 million tires but 6M pounds of feedstock. Feedstock might or might not be tires but as you point out might just be *stock* with someone else's labor and equipment to reduce to "feedstock" .... I don't know where they got it from but could it have been as clean as what they claim to be able to put out themselves? How much additional effort will RTEK have to (had to) put into to make it acceptable for their processing? I don't know and neither do YOU!
You must have forgotten the Western Rubber PR. I recommend you re-read it again as there is much here that I have been referring to.
RTI FORMS STRATEGIC ALLIANCE WITH WESTERN RUBBER PRODUCTS
LOS ANGELES, California, June 18, 2001 - Rubber Technology International, Inc.'s (OTCBB:RTEK), President and CEO, Trevor Webb, announced today that the Company has formed a strategic alliance with Western Rubber Products, Ltd. of British Columbia, Canada. Under this alliance Rubber Technology International has leased proprietary equipment and technology which has been installed over the past month and is now ready for operation.
Western Rubber Products, Ltd. has been in the tire recycling and crumb rubber business for over 12 years and recycles approximately 90% of all waste tires generated in British Columbia, Canada. Through years of experience and R&D the company has developed advanced processing equipment and procedures which produce high production efficiency and superior quality in the end product.
According to RTI's President, Mr. Trevor Webb, "The equipment and technology that we now have added to our system increases our manufacturing efficiency by reducing the material to the optimal size and quality for the final phase of our crumb rubber processing.[/B](KP, that means it makes Feedstock) In the process we are able to remove approximately 99% of the nylon fiber so that the ultimate material is [B]exceptionally clean. Previously we have purchased clean feedstock material that was produced by this proprietary equipment.[/B] We have then processed it in our mills with exceptional results.[B]This ability to produce 1/4 inch minus material, free of fiber, consistently and at a very high rate, opens up new previously unobtainable markets for us.[/B]
The processing technology that we now have is projected to advance our production to a level that would have taken us years to develop under management's previously set course."
I pasted that last sentence for GolfD to see...
Assuming a shredded tire less steel and fluff is around 11 pounds (I don't recall the actual figure but that should be close) then by buying 6M pounds of feedstock they "may have" bought the equivalent of 545,454 tires. Does that sound better to you? and are you trying to tell me that they were PAID to receive those tire equivalents? No, I didn't think so.
They bought them! They may be paid to receive some tires but they also have purchased some by my way of understanding.
You are wrong, the 10Q states it was feedstock they bought, not tires.
In 2001, the Company experienced difficulties in
attaining a continuous and sufficient inflow of tires, which were needed to support the dramatically increased summer 2001 product deliveries. The $131,854
(7.3% of revenues) of such feedstock purchases attributed to the current quarter
is considered an expense extraordinary to normal operations
Market Data 
Markets 
AI
