Quote:
Originally Posted by Ron in SoCal
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I invested -- and lost -- a half million dollars in a company (ReKlaim) (angel investing it's called) that had a plan to take used TIRES.... grind them up.... bake 'em or essentially distill them.... and out the other end comes Carbon black used to make printing inks.... oil and gas.... and scrap steel.
So when you think about this ---- you get paid to take the used tires in... so the commodity in... and you get three salable products out.
It didn't work. But it was a fantastic idea. Sadly the founder/idea man had a nervous breakdown - one of the guys that was selling the investments to people stepped in to run it "temporarily" --- and he blew thru money like you know what thru a goose.... The company was lost to McKinstry who was the builder of the plant -- and I think they have managed to work the bugs out but I don't think "profitably". Lots of ideas are kool - but can you make a profit is a whole different issue.