Replies to post #19909 on U.S Fuel Corp. (fka USFF)

[gator644]

I can't recall saying it was temporary. The state appropriated the money for us months ago but their decision to GIVE it to us was contingent on their final decision to give us a larger grant. There's an energy technology center at the University of Kentucky (sorry I forgot the name of it) which has been charged with reviewing the technology for all coal to liquids projects prior to the state's approval of grants and tax subsidies. If the university does not pass favorable judgement on the technology, the applicant gets nothing.

SO MY POINT IS: We got something. Meaning that the university must have approved our technology and also that the larger grant is or will be approved.

TAKING IT A STEP FURTHER: Don't you think full financing of a plant will be a lot easier to get if the lender knows that the project is backed by a state government and their investment is largely gauranteed by all those lovely tax incentives???

[cqrtdoc]

Well, I should take another look before saying I have an absolutely rock solid grasp...BUT...it might well portend something even more...so, I will look and read tea leaves, then let you know what I think. Though, please, anyone else willing to take a look let us know what you think...