SC DHEC and the SEC pushed GRNO over the precipice of doom which had been greased by low oil prices. But by clinging precariously to a crumbling outcropping, GRNO has been able to grab the end of a rope lowered by all people, Red Chinese. I will be able to completely relax my weight when, and only when, GRNO has been pulled up over the edge to safety. But in the meantime, we can enjoy figuring out what a Model 1000 can earn at 71 cents a liter which still doesn't officially include a fuel tax. Converting that into American, that is $2.69 a gallon. And the cost of building, operating it, and supplying feedstock should be less in China than in Charleston. And GRNO gets HALF!
There are other considerations. At long last, GRNO will be able to build its long awaited Model 1000 without the interference of DHEC, the SEC, or financial problems, albeit in China. It will soon have enough cash to get the Charleston plant rebuilt to the construction permit, along with all the bells and whistles. That will bring in more profit and will provide a more modern version to demonstrate to prospective buyers from overseas. This deal will give other prospective customers an entirely new picture of GRNO.
This also will give not only the SEC boys something to think about, but Gambrell and Stolz as well. Time is now on GRNO's side, not theirs!!! GRNO is not going out of business and will grow stronger and stronger with time. It will now behoove them to think seriously of settling before going to trial. GRNO still needs cash badly, and will want to mediate a settlement quickly. A year from now, I can see today's possible settlement with G&S to be chump change. GRNO has a serious score to settle with G&S, not to mention the boys at the SEC. The longer they continue to drag this process out, the worse it will look for them.
Charles |
