Replies to post #19899 on U.S Fuel Corp. (fka USFF)

[APRAD39]

Looks like they already have a jump-start on plant engineering. Completing certain portions is probably required when seeking financing for the plant. Hopefully they have a good chunk of the design in process already, which may serve to cut the led time on obtaining financing and ground breaking.

Even though the $625,000 is a small amount of money and is old news the fact they now have it in hand is very symbolic. Receiving Government money carries meaning with it and should help open the door to more. I always try to keep a balanced view of this stock, however I am now very optimistic of the direction this stock will be taking.

Below are a few paragraphs from the 15 April 2008 10K on design.

In 2007, we paid $100,000 to Westinghouse Plasma Corporation (WPC) for engineering services related to the design engineering of a Westinghouse Plasma Gasification system intended for an FFI synthetic diesel facility.


In February 2008, FFI paid Shaw Stone & Webster (Shaw), a division of The Shaw Group Inc., for engineering services that will provide a technical basis for a 400 Tonne per day Coal-To-Liquid (CTL) Ultra-Clean Diesel fuel production facility in Muhlenberg County, Kentucky.

[gator644]

Doc and Otherdoc, correct me if I've got the details of this transaction slightly confused. It seems to me that there's a larger picture that nobody has addressed yet.

Drawing from memory, the 625K had strings attached to it. If the state of KY decided NOT to give a grant for engineering development ($2M, I believe), the 625K would revert to the county courthouse for some construction project. Correct?? I infer by the company's receipt of this small change that the University of Kentucky has passed favorable judgement on the technology NSOL will employ and the state HAS decided to award the grant. Do you think this is a reasonable interpretation of the law, as written?

[amarkiii]

BASHful....LOL! I like that Doc!