INTREPID TECHNOLOGY & RESOURCES, INC. Files SEC form 8-K, Other Events

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INTREPID TECHNOLOGY & RESOURCES, INC. Financials

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INTREPID TECHNOLOGY & RESOURCES, INC. Financials

Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...
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INTREPID TECHNOLOGY & RESOURCES, INC. Files SEC form 8-K, Other Events

ITEM 8.01 Other Events A Letter from The CEO To All Intrepid Stakeholders, December, 2008. After my 1st three months working with the Intrepid team, I wrote a note in July and posted it on our Company website sharing my thoughts about the work done to get the Company from 2001 to mid-year 2008. At that time, I expressed my optimism about the two digesters that were up and running. I also indicated my belief that we would bring in: 1. New customers; 2. New farmers whom we could serve; and 3. Strategic partner relationships in the near future. After my initial note, we enjoyed a number of successes, such as signing a six year contract with EcoSecurities to sell all of our carbon offsets (methane destruction expressed in carbon equivalent units). There is also the construction of the connection that enables us to inject clean and renewable natural biogas into the Intermountain Gas pipeline; and gas should be flowing in the coming days. In addition, we have good reason to believe we will be able to attract long term fiber sale contracts. Unfortunately, our own present cash shortfall has prevented us from yet realizing the other successes that we project could be possible with sufficient funding. We are also pleased to report that we conducted an open house at WestPoint in late August. At that time, farmers, local and state government officials, customers and prospective customers complimented the plant in all respects. However, just as we are on the verge of expanding our business, we have cash requirements that require us to team up with a partner now. We need cash for spare parts at the plants in order to fully serve the farmers. We also need to be able to assure gas and fiber customers of a reliable supply. In order to fully serve our current farmers, to attract and serve additional farmers, and to attract long term customers, we must combine with a partner that allows us to resolve this matter now. You should know that one advers...
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