Obviously they aren't going to be making $160 million a month. They must be acting as some kind of middleman, assuming they're doing anything at all.
Their new partner has morphed from "C. Trade" into "C-Trade" very recently. It's run by Nick Kontonicolas, and was involved in GMND last year.
C.TRADE Group, Inc.: C.Trade Group,Inc., is a privately held company, which has many National and International relationships, is part of the C. Trade Group of Companies. The C. Trade Group of Companies has extensive holdings in the United States as well as in China, Latin America, Greece, and Bangladesh. C. Trade portfolio of companies specializes in biotechnology, hydrocarbon remediation, water remediation, and automotive consultation services. C-Trade Group, a petroleum logistics trade and finance company which is also engaged in water purification, hydrocarbon cleanup, telecommunications and automotive. Currently, C-Trade Group is engaged in a joint venture with a northern Chinese city to remediate water using ozone, which effectively purifies the water without the use of potentially harmful chemicals, and with hydrocarbon cleanup technology for use in contaminated ground water and petroleum spills. Further, C-Trade Group is developing a telecommunications system and network in Hong Kong, China, Japan, Canada and South Korea. The network will allow clients in the foregoing countries to place unlimited calls to 68 countries billed in a monthly cycle. There are presently over 30,000 proposed subscribers in China. C-Trade Group has recently completed a financing joint venture with Bayside Petroleum Corporation of Dallas Texas. C Trade and Ba side are together redeveloping existing oil fields using todays technology to restore and access more production from wells that wells drilled 30 plus years ago. With the new techniques, wells that were thought used up are now producing at levels equivalent to original production rates. C-Trade has an active natural gas development project in Southern Alberta, Canada. The gas field covers an area of roughly 100 sqkm and contains 200 billion cubic feet of natural gas. This gas is in a liquid form naturally and is shipped direct to market without processing. C-Trade Group, as a component of their Petroleum division, manufacturer and distributes Natural Gas Generator Systems. These systems are designed to use natural gas direct from either oil or gas wellheads, utilizing product that would normally be flared off wells, or pumped back down the well. On site generation allows for cost savings in gas compression and transportation of product. The result is a green source electrical power distributed directly in to the grid a very low cost of production. C.Trade Worldwide Corp has assigned CTBI its 3,600,000 (Three Million Six Hundred) Metric Tons of Mazut 100-75 Type II (referred as heavy fuel) with a one month trading amount Bank Guarantee (BG) of US$159 million. The total contracted amount for first month is 300,000 Metric Tons.
www.ctradebard.com/about-us.html
Kontonicolas has had his finger in many Pinkie pies. GMND isn't doing so well these days.
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