looking at the 2 revenue divisions they stated in one pr. They should show cash flow for Q2. 5 JVs in 4 months of operation is good. Im sure the JVs have no revenue as of yet and I agree I would like to see them purchasing a refinery as they planned. If they only get revenue from one of the five for Q3 will add to the value here. I am their biggest critic ...outside of bigboob who posts nonsense in my opinion..... I am leaning more towards holding this until we see .55 again.
yep! that's how a holding co. works..............holding company corporation owning enough voting stock in another company to control its policies and management. Advantages of holding companies include: (1) the ability to control sizable operations with fractional ownership; (2) the isolation and diversification of risks through subsidiaries; and (3) the fact that approval of stock purchases by the stockholders of the acquired company is not required. Disadvantages of holding companies include: (1) partial multiple taxation when less than 80% of a subsidiary is owned; (2) the ease of enforced dissolution by the U.S. Department of Justice; and (3) the risks of negative leverage effects in excessive pyramiding
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