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Home >> GreenTech >> How Bout More STOCK and Less Cash—GLYE says Sure!
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How Bout More STOCK and Less Cash—GLYE says Sure!
By Tobin Smith | September 19, 2012, 2:34pm GMT Sep 19 2012

GlyEco's GLYE cornerstone acquisition just got better…a lot better. The seller (the owner/founder of major glycol recycling unit First Circle) has agreed to take $2M LESS cash—i.e. $2M in stock—to close their deal by September 30th…

Make no mistake—NOBODY from New Jersey takes LESS cash and more stock in a deal UNLESS they are 100% convinced the stock in going to worth a LOT more than the cash!

Our friend Dr. John Faessel makes a very strong case for GLYE while NBT Equity Research continues our “quiet period” during GLYE’s equity funding period. Since they announce this deal closes by Sept 30---one can only deduce the funding period is nearly closed as well.

We continue to find GLYE to most attractive green energy consolidation play in North America.

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Founder and Editor-in-Chief NBTEquitiesResearch.com. Contributor and Anchor Fox News Channel and Fox Business Network. Chairman & CEO NBT Group,Inc., a boutique private capital investment bank and investor relations organization.

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