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Vert-Eco Share Discussion Threads
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|foots, only 14 posts to read m8. Refer to VTI thread 4 more info.|
|Does someone know what's going on here?|
|No, but your the only one talking m8. The rest of us just lurking! :-)
R u running VTD & VTI in tandem?|
|Am I the only one on this post|
|HYDRODEC NOW OWNED BY VERT-ECO
ABOUT THE TECHNOLOGY
The HydroDec Technology has a number of key advantages; in particular, it is able to:
> Recycle and re-refine used and contaminated transformer oils; and
> Destroy a wide range of POPs (e.g. PCB, DDT, PCP, HCB and dioxins) which are considered to be hazardous.
A significant benefit of the process is that it makes the formation of dioxins totally impossible and there is virtually no consequential environmental damage as the POPs are harmlessly dissipated.
To date, the HydroDec Technology has been used principally to treat contaminated transformer oil, but Virotec considers that there are many wide reaching further applications.
BACKGROUND TO HYDRODEC
HydroDec was incorporated in 2000 as a wholly owned subsidiary of Virotec International Ltd upon the Directors decision to commercialise the HydroDec Technology, which is an oil re-refining process designed to remove harmful contaminants, such as PCBs.
The HydroDec Technology is based on intellectual property comprising protected patents in Australia and certain other jurisdictions, and was developed by the Commonwealth Scientific and Industrial Research Organisation of Australia. HydroDec has entered into an exclusive global licence with CSIRO for the marketing and distribution of the HydroDec Technology.
At the current time, HydroDec operates one small plant in Australia under the Joint Venture Agreement with Oil Treatment Services Pty Ltd.
ABOUT THE HYDRODEC SALE
On 25 November 2004, Virotec announced that the Company had entered into an Agreement for the sale of its HydroDec Technology.
The agreement is conditional on the purchaser, Vert-Eco Group plc ("VRT" London Stock Exchange), receiving shareholder approval for the purchase.
The key aspects of the agreement are:
Consideration of approximately $18 Million (£7.0 Million) to be satisfied by:
(a) The issue of 60,000,000 shares in VRT to Virotec at 10 pence per share, (which will represent approximately 38% of the expanded capital of VRT). The shares will be issued upon completion of the Transaction
(b) The payment of $1.26 Million (£0.5 Million) in cash to Virotec,and
(c) The payment of $1.26 Million (£0.5Million) in cash to Virotec for the monies invested to date in HydroDec technology, which is the current book value of the asset|
|But the news on HydroDec, its new product that cleans polluted oil, is encouraging. Tests suggest that cleaned-up lubricants can be reused up to five times - just the job with crude oil prices above $40. Giant BP Castrol is taking a look at the process.
That should help Virotec but is even better news for Vert-Eco (10¼p), the shell company floated by ex-moneybroker John Gunn and serial investor Nigel Wray.
Vert-Eco has agreed to buy HydroDec for £7m, made up of an issue of new shares to Virotec plus a dash of cash. HydroDec is talking confidently of a major expansion of its manufacturing plant|
|B.P have shown interest in this technology and would create a huge increase in the share price when this is announced. Buying now is at the most bottom of the price.........expect some large increases over the next few weeks.|
|MORE INFORMATION, THIS COMPANY HAS HUGE POTENTIAL
Notes on the HydroDecTM Technology:
HydroDecTM technology was developed over 12 years by Australia's Commonwealth
Scientific and Industrial Research Organization ('CSIRO'). The fundamental key
to HydroDec's success is the HydroDec hydrogenation reactor (a patented
modification of known oil refining technology). Essentially, 'dirty' feed oil is
passed through the HydroDec reactor under controlled conditions, contaminants
are destroyed, and a 'clean' feed oil is produced.
The reactor can be used as an oil re-refining system and/or a hazardous waste
treatment system to destroy Persistant Organic Pollutants 'POPS' (PCB, DDT, PCP,
HCB and dioxins). When used to re-refine transformer oils, the re-refined
HydroDec Superfine oil meets 'as new' specifications. When used to destroy
POP's, all POP's can be treated and virtually all the POP contaminant is
In operation, there are no chlorinated or halogenated products or noxious by
products from the process. The primary reactions occur in a closed loop. There
are no combustion processes and no potential hazardous emission points from the
process. Unlike incineration, the HydroDec process prevents the formation of
dioxins or other hazardous by products. Being based upon standard oil refinery
hydrotreatment processes and engineering, HydroDec's process parameters are
proven, reliable and scalable.
HydroDec Development Corporation Pty Ltd is the holder of a world wide exclusive
licence for marketing and distribution of the HydroDecTM Technology.|
|RESPONSIBLE....WHY on earth did you sell...this company has huge potential.|
|Just sold all mine at a loss, but got 12.5 and 12.62p today.|
3 on BID and 1 on the ASK. Looks like we have a cotinual rising trend here.|
|VTI get a 5% royalty.
perhaps VRT should buy the rest of VTI. They may be better at comercialising the technology and not just paying themselves wedge like VTI's directors do.
" Following completion, a 5% royalty will be paid to Virotec on turnover
derived by Vert-eco from the HydroDecTM technology and a further 5% will be
paid to CSIRO (Commonwealth Scientific & Industrial Research Organisation,
|my question is, the deal was announced some time ago (1st Oct ) and it looks like it coud be finalised now,
why is Virotec selling this if it has this potential??.. or are VTI getting royalties??|
|Sagem, has the HydroDeck deal been done then, leaked?? VTI up too this morning.|
|Sagem... got some yesterday at just under 11p. If you're interested in what VRT do, take a look at Compact Power (CPO). Well worth watching IMO. If they secure funding, 2005 should be a good year.|
|This company is buying the technology to convert dirty used oil into fresh clean oil........the technology can do this at least 5 times. Consider the potential now that oil is 54 dollers per barrel and rising, apart from oil being in very short supply and the World is running out of oil.|
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