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To: Charles A. King who wrote (8215)	12/13/1997 8:15:00 PM
From: michael Flynn	Read Replies (1) \| Respond to of 13091

To All Is there any possibility of future Limited Partnerships? TIA Happy Holidays. Mike

To: Charles A. King who wrote (8215)	12/14/1997 3:05:00 PM
From: Charles A. King	Respond to of 13091

Continuing with another daydream about oil processing, suppose we increased the product yield and operating uptime for the fantasy 400 as we did with the Model 600. In post Message 2949339 I said, "Summing up we get $1,887,403 before overhead and taxes." This was for the Model 600. Scaling this number by 2/3, we get $1,258,268.70. Subtract $348,268.70 operating and overhead costs leaves $910,000. Dividing by our supposed 7 million outstanding shares equals 13 cents a share annual earnings. Charles

To: Charles A. King who wrote (8215)	12/14/1997 3:06:00 PM
From: Charles A. King	Respond to of 13091

I have discussed the Models 400 and 600 in previous posts, leaving the Model 1000 for last. Large urban areas such as south east Florida generate vast quantities of waste oil in a relatively small area. In addition, many of these large urban areas are located near deep water ports, with their large ocean going ships bringing feedstock and eventual markets for product. I talked to an oil recycler down in South Florida who is developing a 20 acre patch and plans to bring oil in by rail car. The Model 1000 is designed to serve such large, densely populated areas. In making money as a waste oil processor, it is configured to kick some serious butt. In a previous post, Message 2944246 I calculated the gross profit from the waste oil processed by the Model 600 to be $1,596,441.60. Scaling that number by 10/6 reflects the number expected to be realized by the Model 1000, which would be $2,660,736. The fixed costs of this machine could conceivably be a little more to reflect the higher rent because of the urban area and also for the larger storage tanks. Subtracting $460,736 leaves $2.2 million and dividing by 7 million shares gives us 31 cents a share for the Model 1000. Charles

To: Charles A. King who wrote (8215)	12/14/1997 3:07:00 PM
From: Charles A. King	Read Replies (1) \| Respond to of 13091

Suppose we increased the product yield and operating uptime for the fantasy 1000 as we did with the Model 600 and Model 400. In post Message 2949339 I said, "Summing up we get $1,887,403 before overhead and taxes." This was for the Model 600. Scaling this number by 10/6, we get $3,145,671.70. Subtract $485,671.70 operating and overhead costs leaves $2,660,000. Dividing by our supposed 7 million outstanding shares equals 38 cents a share annual earnings. I suppose I should add that all this is a figment of my own imagination and these calculations I have been making are not the idea of BC or GRNO and have not been reviewed or approved in any way. In fact, that's why I'm putting this stuff out here in the light of day to see if they draw any fire. Charles