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Ohr Pharmaceutical, Inc. Message Board

thelogicrunner 2 posts  |  Last Activity: Sep 25, 2014 12:12 PM Member since: Nov 14, 2013
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  • Just wanted to dig a little deeper into the latest Press release and issue some facts before ABB or ACD start spreading hysteria on why this PR is bad.

    The dealer/installed purchasing these systems is SourceOne Equipment LLC. If anyone has been following the story all along, they might recognize the name SourceOne from the following quote in August 2011 when their partnership with APG was signed:

    Barry Janssen, President of SourceOne Equipment stated, "The fuel savings and durability performance being demonstrated by APG's dual fuel technology is unmatched in our experiences and has created quite a buzz in the industry. We believe APG's investment in digital electronics and extensive engine software mapping has set a new standard in dual fuel performance and we are excited to be able to introduce this new capability to the oil and gas industry."

    Understanding SourceOne's standing in the industry is important. They are a privately held, localized dealer and installer of engine equipment and components. They made the decision to sign an agreement with APG in 2011 (!!!), over 3 years ago. And now they are being quoted publicly as being rewarded for $500k of follow on orders. Their quote in the latest press release about technology comparison validates this decision to go with APG.

    ACD, please tell me how I'm wrong in my naive assessments.

  • Reply to

    LOL!

    by abusinessbrain Sep 22, 2014 9:44 AM
    thelogicrunner thelogicrunner Sep 22, 2014 4:28 PM Flag

    Yes your research is flawless abb. For someone who has nothing to win or lose, you sure are good at misrepresenting the truth.

    "They are buying all new trucks" The following is from a Forbes article dated 9/9:

    "The other vital piece of this deal: state subsidies. Texas taxpayers, through a program overseen by the Texas Commission on Environmental Quality, gives out grants of $45,000 toward the purchase of a new natural gas powered vehicle. For A-B’s 66 new rigs, the grants will total about $3 million. Texas currently has 100 NGV filling stations, adding 35 just in the past year. Texas is producing ever increasing volumes of natural gas from shale plays like the Eagle Ford. At the same time, Texas (and its oil industry) has been in crosshairs of the Environmental Protection Agency. For the state, subsidizing NG trucks both supports the Texas drillers and shows a commitment to reducing emissions. Not only do NGV’s emit 23% less carbon dioxide than diesel trucks, but also much less carbon monoxide, nitrogen oxide, and virtually zero particulates."

    Don't you see the only thing that makes this investment attractive to Anheuser Bush is the fact that they aren't paying the tab? Ryder purchased back their 66 diesel engines - why? Because those diesel engines are worth something to Ryder's business to rent in states without NG subsidies like TX.

    Ryder endorses the Cummins Westport ISX12 G engine. Why don't you research this engine and get back to us? Why don't you tell us why Westport's stock is at a 52 week low? Ryder also endorses dual fuel on their website but does not name their technology partner.

OHRP
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