RE:RE:From the Yahoo RGDED board.........This was the reply on that board later...
bigbasslur•
You better go relisten to the CC. Dennis said they were moving out of Santa Fe because of the powers that be there, he made that extremely clear. At no point did he say that they were shipping 300k of fuel from there but did say they were receiving some product from there, just not what it was. Second SCAQMD filed and received a court order to halt sludge removal from the SF site, not that they were shut down.
And Dennis did not say they were moving the SF facility to another location just that they were moving equipment from there. As for the 18 acres of land you speak of I cant say because I didnt research it.
So to sum it up your very misinformed or ignorant and that is why the SEC probably didnt acknowledge you
Codewriter wrote:
Supersnipe_one wrote: squirespeaks • 19 hours ago Hi, I work in the environmental industry in the Los Angeles area and know quite a bit about the Santa Fe Springs (SFS) facility. I'm afraid the company isn't being honest about what's going on there. I listened to the recent 10/9 call and was shocked that the CEO was saying they're shipping 300k gal of feed stock out of SFS. He also said that they were not shut down by the Air District Agency (AQMD). In fact, that place IS shut down, and the AQMD wants to pursue fines against them. (source - AQMD) Not a single Ridgeline/RDX employee is currently working there (source = an on-site contact). Also, that "surplus real estate" sale that he touts is actually quite a mess. They bought the western 18 acres of the former Powerine Refinery, along with a number of environmental problems, and now are defaulting on their obligations to the buyer to cleanup and demo the site (source - personal/project knowledge). Now the buyer of that land will have to foot the bill to pay for haz waste disposal and demolition themselves. Therefore, it is likely that that $12MM of income reported from the sale will be far less as the buyer will probably withhold the cost of that work from the purchase price. The CEO also said on the 10/9 call that the refinery that is currently on site is to be relocated to another Los Angeles area site and will be "operational in a few months". In fact, in it's current state, it would take months just to get it operational. If it were relocated, it would not be operational for at least a year. (source - former operator) I debated posting this info, but I reported it to the SEC and they've not done anything. Sorry to be the bearer of bad news.
And you put anything into this....come on...CWT at work here...