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Bankruptcy of CRT Refiner

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    Hypoman's Avatar
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    Bet this has something to do with the bankruptcy:
    Regions sues Creative Recycling for $18M, files motion to appoint receiver - Tampa Bay Business Journal

    That Nulife business is NOT a viable business. They receive millions in NY subsidies and that where most of their "revenue" comes from. Same with ECS. They "made" about 84 million in 2012, but when you find out that only around 14 million was actually made from business and the rest from subsidies, it kinda changes your perspective on some of these companies. Would they be able to survive without those state subsidies? Doubtful...... But yet they make you think they've discovered some earth shattering profitable way to take care of crts, when really what they've done is convince their states to fund the service , so state loses money and company makes it from state. I guess we should be a little grateful that they can refine these crts but for how long? It's so unsustainable. Then again what government body does anything sensible. Rant over....sorry.








    Don't get me started on politics! I'll probably end up punching you in the face.- hypoman
    Determine never to be idle. No person will have occasion to complain of the want of time who never loses any. It is wonderful how much may be done if we are always doing.
    Thomas Jefferson

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