"Let's play guess the year!"
I couldn't guess, so I looked it up. Less fun, but more productive.
"The Company expects to have the kilns from fabrication shops for processor #2 and #3 in Niagara Falls, NY by the time the final stack test is conducted in December 2011. Catalyst towers, heavy fuel, naptha and natural gas towers for both of these new machines have already been constructed."
The above statement appears in the 10-Q for the third quarter of 2011, signed on November 21, 2011 by
John Bordynik
Title: President and Chief Executive Officer
(Duly Authorized Officer, Principal Executive Officer
and Principal Financial Officer)
"As previously reported, we encountered unanticipated delays obtaining the parts for Processor #3. The external fabricators and suppliers we contracted with greatly underestimated the resources they required and time that it would take for them to manufacture the components.
The original target date for initial component delivery was August 2012. However, the kilns were not delivered until November 2012, and the towers you see here were delivered in March 2013."
The above statements were made by John Bordynuik in the April 2, 2013 conference call.
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