SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Plastics to Oil - Pyrolysis and Secret Catalysts and Alterna -- Ignore unavailable to you. Want to Upgrade?


To: SteveF who wrote (4249)12/24/2010 11:22:17 AM
From: scionRead Replies (1) | Respond to of 53574
 
Was Colin one of the consultants who received stock as compensation in the past year...

I'd say it was quite likely, given that Glenn Robbins seemed to have a role in in the deal.

The acquisition did close (as per the Feb PR), we have possession, and our staff has been working there preparing it for fuel.



To: SteveF who wrote (4249)12/24/2010 12:31:22 PM
From: scionRead Replies (1) | Respond to of 53574
 
There were 2 registered mortgage holders against the property and therefore the trustee could not remove any of the fixed assets from the property and the property automatically reverted to the mortgage holders. Glenn just happen to be one of the mortgage holders.

scion Share Friday, December 24, 2010 12:28:49 PM
Re: 2bigcats post# 85238 Post # of 85241

Glenn just happen to be one of the mortgage holders.

No surprise there.

Who was the other mortgage holder?

siliconinvestor.com

2bigcats Share Friday, December 24, 2010 12:25:20 PM
Re: None Post # of 85241

SCION......You were questioning about bankruptcy documents having to do with possession of the blending facility.

I will save you the trouble of paying for the documents at the Registry Office.

There were 2 registered mortgage holders against the property and therefore the trustee could not remove any of the fixed assets from the property and the property automatically reverted to the mortgage holders. Glenn just happen to be one of the mortgage holders.

siliconinvestor.com

Little by little, the story gets more interesting, thanks to Auntie Joyce.