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D theG

06/07/12 12:01 PM

#8964 RE: Aletheia1 #8962

Agreed, but don't you agree that all of the engineering and production had to be in place BEFORE signing any sales contracts or making any delivery promises? Those are now in place.

Also from the PR:"It has been a key partner in many Water Treatment, Contaminated Water Treatment, Biofuel and Energy sector projects, including the design and production of a Plasma Torch Gasification Plant."
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Brad Herrin

06/07/12 12:28 PM

#8965 RE: Aletheia1 #8962

Aletheia1,

What A&F manufactures is exactly what I have been calling the waste-to-energy plant infrastructure (storage bins, shredders, conveyors, etc.). That is not trivial and is now an in-house piece of the puzzle. Prior to the Sunbay Energy acquisition (when they were still a privately held company) there was plenty of public press that gave a detailed list of the other experienced manufacturers that were planned to be involved in the construction of the plants. As far as financing goes, it was recently announced that it was anticipated that a Fortune 150 company would be involved in a Joint Venture. Back when the Sunbay Energy acquisition first occured, it was announced that the plan was that Vertility would retain a minority developer's share of each plant and the company doing the financing would get a majority share. I am assuming that is still true. In that way, Vertility gets something positive out of each project without adding shares or debt.

Brad Herrin