GREY:NWMMF - Post by User
Comment by
zzthnxon Oct 04, 2011 6:34pm
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Post# 19118911
RE: NWM is worthless
RE: NWM is worthless "Remember the company never issued any response to the lawsuit and they no that they are done for"From March, 2011 news release:NWM terminates SART lease and provides update on Lluvia-Jojoba projectOn August 20, 2010, BioteQ Environmental Technologies Inc. (“BioteQ”) was given notice of failure of the SART Plant to operate to the guaranteed performance standard as established by the TCRA.BioteQ failed to remedy the SART Plant deficiencies putting NWM in a position to terminate the lease to-own arrangement in the TCRA. NWM agreed to withhold terminating the lease-to-own arrangement in order to give BioteQ an opportunity to remedy the SART Plant deficiencies and to allow the parties an opportunity to discuss a revised payment schedule under the lease-to-own arrangement.To date, BioteQ has failed to remedy any of the SART Plant deficiencies and by initiating a claim, BioteQ has refused NWM’s offer to withhold terminating the lease resulting in the termination of the lease-to own arrangement for the SART Plant.