Monarch Environmental

The Monarch people were very rude and disrespectful last night. Grunting and making odd noises during the ABR presentation. They should stick with cleaning the sludge from the bottom of storage tanks.

I don't put a lot of faith in a corporate principal who shows up for a TV interview in what appears to be an off-the-rack ill-fitting polyester Walmart suit, an oversized cheap dress shirt and then sits there twiddling with his pen and (obviously uncomfortably) trying to avoid answering direct questions.

After watching that video interview, I was thinking the same thing Old Tart.
He's no Leon Hess...thats for sure.

EXACTLY!

I think the VI is screwed. Just like the Chinese did, ABR will just pick up their cards and walk away. To the VI, pride is more important than anything else. They'd rather have no terminal, loading rack or jobs than look weak by accepting a great deal in a short amount of time.

Remember the outcry when 18 nurses were fired? But no one cares about the 300 that are employed there now?

If this does not go through, there is NOTHING in place to force Hovensa to pay a dime (except the waived PILOT) or to physically remove on ounce of metal from that site. At least the new agreement covers removal of everything.

And Monarch is talking out their ass. They don't have the capital and can't raise the cash needed to restart the FCC unit alone, much less the entire plant.

Not much there beyond what we already knew. The keep in touch by entering your email address feature doesn't appear to work.

It does now.