Our friend Dr. John Faessel published a good synopsis of the GlyEco GLYE conference call yesterday….

Here is his synopsis…

Dr. John L. Faessel
ON THE MARKET
Commentary and Insights

A Top Pick projects size profitability for 2013 and beyond – plus a lot more…

An Update GlyEco (GLYE) OTCQB Post Conference Call

The Revolutionary and Disruptive Technology: Initiating Coverage with Strong Buy Rating and 12X Upside

Investment Conclusion:

We are initiating coverage of GlyEco, Inc. with a Strong Buy Rating and $8.50 target price on 64.7 million shares fully diluted and 8 X $1.10 per share 2016 Free Cash Flow target forecast.

Investment Thesis:

With the announced completion of an additional $1.7 million in financing, GlyEco (GLYE) has raised $6.2 million to maintain its rapid consolidation strategy of the multi-$billion glycol recycling space. GlyEco plans to use the proceeds from this offering to accelerate its aggressive growth plan, including investments in initial facility upgrades and increased processing capacity.

Our Favorite "Economic Clean Tech" Player GlyEco (GLYE) Has Had A Nice Couple Of Weeks

First they closed the $3.4M secondary round of equity financing (with warrants to buy an additional 6M shares at $1). NOW we can finally get our NBT Equities Research report out to tell this amazing story to the Street and especially to our subscribers.

What does Antifreeze Recycling, Inc.  and Renew Resources, LLC. have in common? On October 26th, they will both become official members of the GlyEco family.

More important—they like all the GLYE glycol recycling industry consolidations are accretive to the GLYE income statement NOW.

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!

Dr. John Faessel, an independent equities research pro for whom we at NBT respect highly, has been on the GlyEco (GLYE) bandwagon since early this year. He calls GLYE a “Speculation Par Excellence”—with this equity round done we strongly believe it moves up the food chain to highly profitable emerging growth company without equal.

GlyEco, Inc. (GLYE) announced today it has completed a preliminary agreement to acquire Antifreeze Recycling, Inc. located in Tea, SD. The transaction is scheduled to close July 31, 2012.

This is the seventh preliminary acquisition agreement GlyEco has announced in 2012—with a target of 12 initial acquisitions for their first year they are AHEAD of plan…and have at least 5 more glycol recyclers in their M&A pipeline.

Because of the “quiet period” for GlyEco’s $10 Million private placement equity raise, NBT has been restricted from broadcasting our coverage or equity research report of our FAVORITE Economic CleanTech portfolio company.