ITEM 8.01 OTHER EVENTS. Geotec Thermal Generators, Inc. ("Geotec" or the "Company") has accepted rights to 700,000 tons of mined and laid up coal from a Pennsylvania general partnership. The coal is situated at various locations in the state of Pennsylvania (the "Pennsylvania Coal"). The Pennsylvania Coal replaces the same tonnage amount due to the Company from Deerfield Enterprises, Inc. ("Deerfield") under the terms of a prior contract between Deerfield and the Company. Deerfield has been unable to fulfill its obligation to the Company due to its inability to deliver coal from the location originally contemplated by Deerfield. The Company has accepted the Pennsylvania Coal as a modification of the delivery commitment in its original agreement with Deerfield. Acceptance of the Pennsylvania Coal will allow the Company to immediately satisfy certain coal sale and delivery commitments to various entities including Urban Television Network Corporation.
-------------------- money for nothing!!
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That .05 was one bad print or skinny finger. Never really reached that level. I bought into this at .176 this morning, and have been watching all day. Hoping for confirmation\continuation of reversal EOD and tomorrow. After that who knows? Supposedly there's lots of promising news in the pipeline.
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