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To: Don Devlin who wrote (3482)4/2/1999 12:04:00 PM
From: fred whitridge  Respond to of 8393
 
Mike, more on GM/O. I don't think I've ever seen the nuts and bolts of the agreement between GM and Ovonic (another deep dark secret for totally unknown reasons....). In fact the exhibits to the 10k include 10.64 which appears to be the governing document and was filed confidentially pursuant to Rule 24b-2 on June 14, 1994.

The 1994 Annual was about as specific as I've seen, "The business plan calls for initial investment by General Motors of $20mm and contains an antidilution clause." Page 2.

Same page speaks about Dayton and mentions they were scheduled to go into production in late 1995. I guess we missed that date by a bit.



To: Don Devlin who wrote (3482)4/2/1999 12:45:00 PM
From: jacq  Read Replies (1) | Respond to of 8393
 
Isn't the chemical formula for methanol still CH3(OH) Now if you add oxygen don't you still wind up with water plus carbon carbon monoxide or carbon dioxide? 6O2 + 4CH3(OH) = 4CO2 + 8H2O I know that is relatively more benign than all the other funny stuff we now get free in fuel, such as benzene, but as far as contributing to global warming there are still that 4 molecules of carbon dioxide in a perfect reaction for every 8 molecules of water produced and that is not even considering the carbon monoxide or solid carbon that will plug up the reformer. Where do people get off saying that only water comes out the tailpipe?