Replies to post #18661 on Nymet Holdings Inc. (fka NYMH)

[avdave]

I'm not aware of any $40 million local incentive. Whether one comes to pass or not, does not change my belief that the PHGI biofuel plant will never be profitable. That is taking into consideration just raw materials (vegetable oil, I presume for phase I? - including delivery costs of vegetable oil), labor, utilities, costs pertaining to environmental regulations, various insurance coverages they will require (both labor and environmental) and utilities.

Paying taxes is not a factor for an unprofitable venture, and I don't even assume they will be required to pay property tax. Management fees are another unknown in this venture, which for a company that prides itself on transparency, that kind of unknown is just not nice.

Regards.

[JJ123abc]

I don't find any mention of $40 MM in local tax incentives, there was a $24 MM bond financing agreement that did not go through.

The $40 MM was the price of the original Bio-Fuel plant.

So PHGI would have had to come up with the other $16 MM (at .0046 per share that would be 3,5000,000,000 shares)