Friday, November 02, 2007

Followup: Global Resource Corp.

With respect to an earlier story about Global Resource Corp., a company that claimed to have a means to convert plastic to crude oil: here's a post from a broker who seems to have lost his appetite for that company. Reading GRC's most recent 10-K should give you pause to consider; the chain of companies runs from to Advance Medical Technologies Inc. to Carbon Recovery Corporation to the current configuration; and all of these have interlocking boards with no outsiders on them. Eww.